BLUETECH SERVICES
ActiveSummary
BLUETECH SERVICES has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €94,073 and a net result of -€24,940. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-81
Solvency100▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.96 against 3.67 in 2023; short-term debt: 24.6% and cash: 18.5% of total assets), and 24.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.4%
Return on assets
-20%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
48 d late
2022
44 d late
2021
50 d late
2020
92 d late
2019
120 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 58 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€94,073▼ 21.0%
2023 · €119,013
Total assets
€124,774▼ 22.9%
2023 · €161,775
Net result
-€24,940
2023 · €15,998
Working capital
€90,828▼ 20.6%
2023 · €114,323
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,069▼ 80.6%€56,588▲ 1,016%-€7,953€38,226-€23,191
Net result-€316€50,442-€17,667€15,998-€24,940
Equity€81,241▼ 0.4%€120,682▲ 48.5%€103,015▼ 14.6%€119,013▲ 15.5%€94,073▼ 21.0%
Total assets€120,538▼ 31.2%€234,206▲ 94.3%€157,800▼ 32.6%€161,775▲ 2.5%€124,774▼ 22.9%
Debt€39,297▼ 58.0%€113,524▲ 189%€54,785▼ 51.7%€42,762▼ 21.9%€30,701▼ 28.2%
Working capital€75,054▲ 0.2%€113,983▲ 51.9%€96,667▼ 15.2%€114,323▲ 18.3%€90,828▼ 20.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €23,191 after €38,226 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €124,774
Fixed assets
€3,245 ▼ 30.8%
Current assets
€121,529 ▼ 22.6%
Equity and liabilities €124,774
Equity
€94,073 ▼ 21.0%
Debt
€30,701 ▼ 28.2%
Debt's share of the balance-sheet total falls from 26.4% to 24.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€19,518▼
2023 · €43,239
Cash flow
-€21,268▼
2023 · €21,010
Current ratio
3.96▲
2023 · 3.67
Debt to equity
0.33▼
2023 · 0.36
ROE
-26.5%▼
2023 · 13.4%
ROA
-20.0%▼
2023 · 9.9%
Interest coverage
-27.29▼
2023 · 160.05
Debt ≤ 1 year
€30,701▼
2023 · €42,762
Income taxes
€4,871▼
2023 · €22,842
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6 | - | - |
| Remuneration, social security and pensions62 | - | - | €31,342 | €13,676 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,191 | €6,009 | €4,001 | €5,012 | €3,672 | ▼ 26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,292 | - | - | - | - |
| Other operating charges640/8 | - | - | €1,573 | €7,568 | €1,695 | ▼ 77.6% |
| Gross operating margin9900 | €14,982 | €65,889 | €28,963 | €64,483 | -€17,824 | ▼ 128% |
| Operating profit (loss)9901 | €5,069 | €56,588 | -€7,953 | €38,226 | -€23,191 | ▼ 161% |
| Financial income75/76B | - | €3,519 | - | €884 | €3,837 | ▲ 334% |
| Recurring financial income75 | €3,853 | €3,519 | - | €884 | €3,837 | ▲ 334% |
| Financial charges65/66B | - | €392 | €718 | €270 | €715 | ▲ 165% |
| Recurring financial charges65 | €271 | €392 | €718 | €270 | €715 | ▲ 165% |
| Profit (loss) for the period before taxes9903 | €8,652 | €59,715 | -€8,671 | €38,840 | -€20,069 | ▼ 152% |
| Income taxes67/77 | €8,968 | €9,273 | €8,996 | €22,842 | €4,871 | ▼ 78.7% |
| Profit (loss) for the period9904 | -€316 | €50,442 | -€17,667 | €15,998 | -€24,940 | ▼ 256% |
| Profit (loss) for the period to be appropriated9905 | -€316 | €50,442 | -€17,667 | €15,998 | -€24,940 | ▼ 256% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,538 | €234,206 | €157,800 | €161,775 | €124,774 | ▼ 22.9% |
| Fixed assets21/28 | €6,187 | €6,699 | €6,348 | €4,689 | €3,245 | ▼ 30.8% |
| Tangible fixed assets22/27 | €5,567 | €5,929 | €5,578 | €3,919 | €2,475 | ▼ 36.9% |
| Plant, machinery and equipment23 | - | €2,196 | €3,711 | €1,217 | €891 | ▼ 26.8% |
| Furniture and vehicles24 | - | €3,733 | €1,867 | €2,702 | €1,584 | ▼ 41.4% |
| Financial fixed assets28 | €620 | €770 | €770 | €770 | €770 | = |
| Current assets29/58 | €114,351 | €227,507 | €151,452 | €157,086 | €121,529 | ▼ 22.6% |
| Amounts receivable within one year40/41 | €108,114 | €152,054 | €133,735 | €117,887 | €98,434 | ▼ 16.5% |
| Trade receivables40 | - | €119,996 | €121,044 | €115,231 | €91,826 | ▼ 20.3% |
| Other amounts receivable41 | - | €32,058 | €12,690 | €2,656 | €6,608 | ▲ 149% |
| Cash at bank and in hand54/58 | €6,236 | €75,453 | €17,718 | €39,199 | €23,095 | ▼ 41.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,538 | €234,206 | €157,800 | €161,775 | €124,774 | ▼ 22.9% |
| Equity10/15 | €81,241 | €120,682 | €103,015 | €119,013 | €94,073 | ▼ 21.0% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Capital10 | - | - | €6,300 | - | - | - |
| Issued capital100 | - | - | €18,700 | - | - | - |
| Uncalled capital101 | - | - | €12,400 | - | - | - |
| Reserves13 | €1,870 | €1,870 | €1,870 | €1,870 | €1,870 | = |
| Non-distributable reserves130/1 | - | €1,870 | €1,870 | €1,870 | €1,870 | = |
| Legal reserve130 | - | - | €1,870 | - | - | - |
| Other1319 | - | €1,870 | - | €1,870 | €1,870 | = |
| Profit (loss) carried forward14 | €73,071 | €112,512 | €94,845 | €110,843 | €85,903 | ▼ 22.5% |
| Amounts payable17/49 | €39,297 | €113,524 | €54,785 | €42,762 | €30,701 | ▼ 28.2% |
| Amounts payable within one year42/48 | €39,297 | €113,524 | €54,785 | €42,762 | €30,701 | ▼ 28.2% |
| Trade debts44 | €12,736 | €58,252 | €36,770 | €40,729 | €27,775 | ▼ 31.8% |
| Suppliers440/4 | - | €58,252 | €36,770 | €40,729 | €27,775 | ▼ 31.8% |
| Advances received on contracts in progress46 | - | €751 | €751 | - | - | - |
| Taxes, remuneration and social security45 | - | €23,001 | €3,167 | €2,033 | €2,926 | ▲ 43.9% |
| Taxes450/3 | - | €1 | €1 | €626 | €2,923 | ▲ 367% |
| Remuneration and social security454/9 | - | €23,000 | €3,165 | €1,407 | €3 | ▼ 99.8% |
| Other amounts payable47/48 | - | €31,520 | €14,098 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€316 | €50,442 | -€17,667 | €15,998 | -€24,940 | ▼ 256% |
| + Depreciation and write-downs630 | €8,191 | €6,009 | €4,001 | €5,012 | €3,672 | ▼ 26.7% |
| Operating cash flow (approximation) | €7,875 | €56,451 | -€13,666 | €21,010 | -€21,268 | ▼ 201% |
| Investment in fixed assets (approximation) | - | -€6,522 | -€3,650 | -€3,354 | -€2,228 | ▲ 33.6% |
| Change in cash | - | €69,217 | -€57,736 | €21,481 | -€16,104 | ▼ 175% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€24,940
Net result drops to -€24,940, the lowest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
31-12
Financial
Back to profitnet €15,998
Net result €15,998 after one loss-making year.
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
31-12
Financial
Back to profitnet €50,442
Net result €50,442 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €120,682 ▲48.5%
Equity rises from €81,241 to €120,682.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 120 days late
2019
13-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 74 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 91 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2013
Ground area
137 m²
Building footprint
78 m²
Volume, LiDAR
884 m³
Parcel 21816G0105/00A008, Brussels · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Bluetech
since 20132.221.697.797
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0105/00A008 | Brussels | 137 m² | 1 · 78 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
YASA PROJECTS
BE 0840.587.845
Heusden-Zolder · Eq €94,009
EIBO GROUP
BE 0785.482.046
Peer · Eq €94,006
CONSTRUCON
BE 0737.409.044
Gent · Eq €94,221
Coenen Luc
BE 0734.942.967
Maasmechelen · Eq €93,889
BRIK PROJECTS
BE 0836.279.164
Kruisem · Eq €94,343
Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,294 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43222Installation of electric heating, air conditioning, cooling and ventilation
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
42211Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0538487184
Also
9925:BE0538487184
Registered
22-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.