Equity
€83,008 ▲ 45.5%
BLUFRONT has made a profit in every financial year since 2023.
BLUFRONT
Overview
Lifetime
3 annual accounts with figures on one time axispeak €33,615 (2025)
€33,615▲ 12.9%
peak €25,954 (2025)
€25,954▲ 11.5%
peak €83,008 (2025)
€83,008▲ 45.5%
€321,614▲ 34.6%
Board1 name since 2023
1 directorGRANOCCHIA Fulvio
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €29,768 to €33,615Equity from €57,054 to €83,008Debts from €239,023 to €321,614Cash from €21,527 to €36,491
Key points
from the 2025 annual accountsTurnover
≈ €310,000 estimated
The micro format states no turnover.
Debts
€321,614 79% of the balance sheet
Suppliers 92%Taxes and wages 5%Other 3%
Of this, €321,599 falls due within a year.
Filings
3 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
At the same address
104 companies
Position in the sector
€404,622
Larger balance sheet than 80% of companies in retail trade. Sector median €149,573 · 22,933 companies.
Checked score
54
Fair
Financially stronger than 44% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.0%▼ -0.1 percentage points vs 12-2024
02-2025: 2.1%▲ +0.1 percentage points vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.2%▲ +0.1 percentage points vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.2%● unchanged vs 05-2025
07-2025: 2.2%● unchanged vs 06-2025
08-2025: 3.1%▲ +0.9 percentage points vs 07-2025
09-2025: 3.5%▲ +0.4 percentage points vs 08-2025
10-2025: 3.0%▼ -0.5 percentage points vs 09-2025
11-2025: 2.9%▼ -0.1 percentage points vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.9%● unchanged vs 12-2025
02-2026: 2.9%● unchanged vs 01-2026
03-2026: 2.9%● unchanged vs 02-2026
04-2026: 2.9%● unchanged vs 03-2026
05-2026: 3.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.9%▼ -0.1 percentage points vs 05-2026
07-2026: 2.9%● unchanged vs 06-2026
08-2026: 3.6%▲ +0.7 percentage points vs 07-2026
09-2026: 3.7%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 2.0%▼ -1.7 percentage points vs 09-2026lowest value
11-2026: 2.0%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
Founded in 2023
Sector: Retail trade (NACE 47)
Equity €83,008 (20.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 36% of them on solvency, 17% on liquidity, 38% on profitability and 85% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as BLUFRONT has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BLUFRONT itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for BLUFRONT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26 (1.24 in 2024), below the usual 1.5. Short-term debt is 79.5% and cash 9% of total assets. 79.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
61 days late
2024
32 days late
2023
85 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 59 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GRANOCCHIA Fulvio 50 sharesdeed of 16-02-2023
- CONTINI Cristian 50 sharesdeed of 16-02-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798442830
Incorporation
Founding capital of €10,000, 100 shares · Founders: GRANOCCHIA Fulvio and CONTINI Cristian · Appointment: GRANOCCHIA Fulvio (director) · published on 16-02-2023 · Gazette deed
First establishment
CRISCONTINICONTEMPORARY, Louis Schmidtlaan 24, Etterbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BLUFRONT Etterbeek | €404,622 | €33,615 | 20.5% | - |
| LOQUAL Sint-Niklaas | €396,459 | €44,214 | 53.1% | 1.1 |
| COLLIM Leopoldsburg | €360,933 | €50,674 | 24.0% | - |
| TESSITORE PIANO SERVICES Ronse | €391,438 | €56,954 | 13.4% | - |
| NITRA ART Knokke-Heist | €402,257 | €33,458 | 15.5% | - |
| FRANK EN MARJET Ronse | €574,220 | €32,033 | -14.7% | - |
| BUYSSE UNLIMITED Bruges | €497,846 | €26,774 | 0.0% | - |
These companies have the same main activity as BLUFRONT: retail sale of other cultural and recreation goods (NACE 47690). They are comparable in size and age: total assets between €361,000 and €574,000, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 14-02-2023Normal situation
- Registered office
- 105 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Retail sale of other cultural and recreation goodsNACE 47690and 4 others
- Establishment unit
- 2.342.702.9231040 Etterbeek, since 14-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 19-02-2026
Annual accounts 2025
- €33,615▲ 12.9%
- €25,954▲ 11.5%
- €83,008▲ 45.5%
- €404,622▲ 36.7%
- Filing
- Filed on 30-09-2026
Insights on BLUFRONT
BLUFRONT files the micro format. That format states no turnover. The gross margin rose from €29,903 in 2023 to €33,615 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-09-2026, 61 days late€33,615
▲ 12.9%
€33,615
▲ 13.9%
€25,954
▲ 11.5%
€83,023
▲ 45.5%
20.5%
▲ 1.2 percentage points
1.26
▲ 0.02
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €310,000. Estimated: probably between €170,000 and €520,000.
Balance sheet
balance sheet total €404,622 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
20.5%
Higher than 39% of 22,924 companies in 2025.
1.26
Higher than 43% of 22,052 companies in 2025.
6.4%
Higher than 59% of 22,202 companies in 2025.
BLUFRONT
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
404,622 | 296,077 | 116,831 | |
29/58 |
404,622 | 296,077 | 116,831 | |
3 |
223,276 | 125,453 | 41,200 | |
30/36 |
223,276 | 125,453 | 41,200 | |
40/41 |
144,225 | 149,076 | 52,500 | |
40 |
137,568 | 148,528 | 52,500 | |
41 |
6,657 | 548 | - | |
54/58 |
36,491 | 21,527 | 23,106 | |
490/1 |
631 | 20 | 25 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
404,622 | 296,077 | 116,831 | |
10/15 |
83,008 | 57,054 | 33,786 | |
10/11 |
10,000 | 10,000 | 10,000 | |
14 |
73,008 | 47,054 | 23,786 | |
17/49 |
321,614 | 239,023 | 83,045 | |
42/48 |
321,599 | 239,000 | 83,045 | |
44 |
296,822 | 220,627 | 70,159 | |
440/4 |
287,822 | 220,627 | 70,159 | |
441 |
9,000 | - | - | |
45 |
16,306 | 12,497 | 11,387 | |
450/3 |
16,306 | 12,497 | 11,387 | |
47/48 |
8,472 | 5,876 | 1,500 | |
492/3 |
15 | 24 | - | |
| Income statement | ||||
9900 |
33,615 | 29,768 | 29,903 | |
640/8 |
- | 250 | - | |
9901 |
33,615 | 29,518 | 29,903 | |
75/76B |
- | 0 | - | |
75 |
- | 0 | - | |
65/66B |
733 | 803 | 117 | |
65 |
733 | 803 | 117 | |
9903 |
32,882 | 28,715 | 29,786 | |
67/77 |
6,928 | 5,447 | 6,000 | |
9904 |
25,954 | 23,268 | 23,786 | |
9905 |
25,954 | 23,268 | 23,786 | |
| Appropriation of the result | ||||
9906 |
73,008 | 47,054 | 23,786 | |
14P |
47,054 | 23,786 | - | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00536282.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 14,963 | -1,579 | - | ||
| 83,023 | 57,077 | 33,786 | ||
| 20.5% | 19.3% | 28.9% | ||
| 1.26 | 1.24 | 1.41 | ||
| 0.56 | 0.71 | 0.91 | ||
| 3.87 | 4.19 | 2.46 | ||
| 31.3% | 40.8% | 70.4% | ||
| 6.4% | 7.9% | 20.4% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on BLUFRONT
The operating result for 2025 is 14% higher than in 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 80.7% to 79.5%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 14-02-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 30-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 12. Pouvoir de représentation Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit…”deed of 16-02-2023
Mandates through the years
1 name, the dashed line is todayGRANOCCHIA Fulvio
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- GRANOCCHIA Fulvio
- Director (not named in the articles), from 14-02-2023 to date
Control
Founders
GRANOCCHIA Fulvio, CONTINI Cristian
This company
BLUFRONT
Equity €83,008
Profit €25,954 in 2025
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €830 in 2025
- Source
- deed of 16-02-2023
Articles of association
deed of 16-02-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 16-02-2023 ↗
- GRANOCCHIA Fulvio 50 shares (50%) · €5,000
- CONTINI Cristian 50 shares (50%) · €5,000
Network & group
No group
BLUFRONT has no parent and no holdings in its annual accounts. GRANOCCHIA Fulvio is the only director. BLUFRONT shares no director with another company.
At the same address
Louis Schmidtlaan 24, 1040 Etterbeek · 104 other companies| Nayala
registered office since 27-12-2023 · founded in 2023 · accounts filed late |
total assets €48.3m (2025) 1003.927.630 |
| AVILO CAPITAL
registered office since 15-05-2009 · founded in 2009 · accounts filed late |
total assets €32.5m (2024) 0811.754.990 |
| Elettrodotti Cantamessa BE
registered office since 22-08-2025 · founded in 2025 · negative equity (2025) |
total assets €23.9m (2025) 1026.740.644 |
| DORADE INVESTMENTS
registered office since 15-01-2004 · founded in 2004 |
total assets €14.0m (2025) 0862.705.033 |
| AVILO ESTATE GROUP
registered office since 09-05-2019 · founded in 2019 · negative equity (2025) |
total assets €11.6m (2025) 0726.616.211 |
| Taxcom Management Invest
registered office since 12-07-2016 · founded in 2013 |
total assets €9.8m (2025) 0525.993.386 |
| CHAUROMAINE
registered office since 26-11-2014 · founded in 2014 |
total assets €9.4m (2025) 0505.710.587 |
| BEREA SOTRAD INTERNATIONAL
registered office since 21-03-2017 · founded in 2017 · accounts filed late |
total assets €7.6m (2024) 0672.888.406 |
| BRUN FINE ART BELGIQUE
registered office since 03-11-2021 · founded in 2021 · accounts filed late |
total assets €7.2m (2024) 0776.791.836 |
| MDA CONCEPT INVEST
registered office since 14-11-2018 · founded in 2018 · negative equity (2025) |
total assets €7.1m (2025) 0713.535.661 |
Timeline
Timeline
7 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 61 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0798442830
2025
Highest result from 2023 to 2025 net €25,954 ▲11.5% The operating result of €33,615 and the net result of €25,954 are both a record.
Annual accounts 2024 filed PDFmicro format · 32 days late
2024
Annual accounts 2023 filed PDFmicro format · 85 days late
2023
IncorporationFounding capital of €10,000, 100 shares · Founders: GRANOCCHIA Fulvio and CONTINI Cristian · Appointment: GRANOCCHIA Fulvio (director) · published on 16-02-20236 points ▸
- Registered office clause, Boulevard Louis Schmidt 24, 1040 Etterbeek
- Director appointment, GRANOCCHIA Fulvio (director (not named in the articles))
- Founder, GRANOCCHIA Fulvio
- Founder, CONTINI Cristian
- Founding capital, €10,000, 100 shares
- 100 shares
- The deed holds 3 more points.
First establishment CRISCONTINICONTEMPORARY, Louis Schmidtlaan 24, Etterbeek
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
BLUFRONT was incorporated on 14 February 2023 as a private limited company by two natural persons, with a starting capital of €10,000.12 Since 2023, GRANOCCHIA Fulvio has served as director.3 Total assets rose from €116,831 in 2023 to €404,622 in 2025.4
Company details
Identity
- Enterprise number
- 0798.442.830
- VAT number
- BE 0798.442.830
- Peppol ID
- 0208:0798442830
- Other Peppol ID
- 9925:BE0798442830
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-02-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of Junedeed of 16-02-2023 (in French)
- Peppol
- Reachable since 19-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BLUFRONT in French
- Trade name
- CRISCONTINICONTEMPORARY in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-02-2023 (in French)
Activities
NACEBEL 202547690
Retail sale of other cultural and recreation goods main activity
47791
Retail sale of antiques
52100
Warehousing and storage
Codes under NACEBEL 2008
47787
Retail trade main activity
47791
Retail trade
47910
Retail trade
52100
Warehousing and support activities for transportation
82300
Organisation of conventions and trade shows
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Lecommercededétaild'antiquités,d'objetsd'artanciens,devêtementsd'occasion,delivresd'occasion…”deed of 16-02-2023 (in French)
9 activities
- Lecommercededétaild'antiquités,d'objetsd'artanciens,devêtementsd'occasion,delivresd'occasion
- Lecommercededétaild'autresbiensd'occasiontelsquemeubles,matériauxdedémolition,brocante,etc.
- Lecommercededétaildebiensderécupérationdetoutenature,exercédansdesmagasinsquiappartiennentàdescentresderécupération
- Lecommercededétaildevéhiculesautomobilesd'occasion
- Lecommercededétaild timbres-posteetdepiècesdecollection
- Lesactivitésdescentresdeventeauxenchèrespourtouttypede biensénumérésci-dessus
- LaventeauxenchèresparInternetetlesautresactivitésdeventeauxenchèreshorssallesdevente
- Lesactivitésdeprêteurssurgage
- Larestaurationd'objetsd'art,demeubles
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| CRISCONTINICONTEMPORARY registered office Louis Schmidtlaan 24, 1040 Etterbeek 4769022 Retail sale of other cultural and recreation goods | 14-02-2023 | 2.342.702.923 |
Buildings and parcels at the address
- Ground area
- 413 m²
- Buildings
- 197 m²
- Volume, LiDAR
- 2,482 m³
- Tallest building
- 31.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21363B0354/00M005 | 413 m² | 1 · 197 m² | 31.9 m · 4 |