BluJay Solutions
ActiveSummary
BluJay Solutions has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €478,441 and a net result of -€121,477. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 72 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability11▼-31
Solvency67▲+3
Growth35▼-16
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.01 in 2025; short-term debt: 57.9% and cash: 93.4% of total assets), but 58.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 28-02-2026 was due by 30-09-2026 and was filed on 28-08-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
33 d early
2025
75 d early
2024
on the day
2023
10 d early
2022
4 d late
2021
17 d early
2020
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today. Usually files around 20 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today28-02-2027 close30-09-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
€252,561▼ 81.7%
2025 · €1.4m
EBIT margin
-51.3%▼ 54.2pp
2025 · 3.0%
Net result
-€121,477
2025 · €25,423
Working capital
€485,221▼ 37.2%
2025 · €773,236
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€1.2m▼ 16.9%€871,106▼ 26.3%€1.2m▲ 40.0%€1.4m▲ 13.2%€252,561▼ 81.7%
Operating result-€37,446€72,639€7,254▼ 90.0%€41,230▲ 468%-€129,451
Net result-€28,080below the sector's middle half€63,284within the sector's middle half-€1,207below the sector's middle half€25,423within the sector's middle half-€121,477
EBIT margin-3.2%▼ 6.9pp8.3%▲ 11.5pp0.6%▼ 7.7pp3.0%▲ 2.4pp-51.3%▼ 54.2pp
Equity€512,418within the sector's middle half▼ 5.2%€575,702within the sector's middle half▲ 12.4%€574,495within the sector's middle half▼ 0.2%€599,918within the sector's middle half▲ 4.4%€478,441▼ 20.2%
Total assets€1.3mwithin the sector's middle half▼ 22.9%€1.9mwithin the sector's middle half▲ 51.3%€876,730within the sector's middle half▼ 54.9%€1.5mwithin the sector's middle half▲ 75.5%€1.2m▼ 25.1%
Debt€772,360▼ 31.4%€1.4m▲ 77.1%€302,235▼ 77.9%€938,523▲ 211%€673,103▼ 28.3%
Working capital€610,807above the sector's middle half▼ 3.7%€780,768above the sector's middle half▲ 27.8%€765,745above the sector's middle half▼ 1.9%€773,236above the sector's middle half▲ 1.0%€485,221▼ 37.2%
Solvency39.9%within the sector's middle half▲ 7.4pp29.6%within the sector's middle half▼ 10.3pp65.5%within the sector's middle half▲ 35.9pp39.0%within the sector's middle half▼ 26.5pp41.5%▲ 2.6pp
Current ratio1.91within the sector's middle half▲ 0.291.67within the sector's middle half▼ 0.247.90above the sector's middle half▲ 6.232.01within the sector's middle half▼ 5.891.73▼ 0.28
Return on assets (ROA)-2.2%below the sector's middle half▼ 4.9pp3.3%within the sector's middle half▲ 5.4pp-0.1%below the sector's middle half▼ 3.4pp1.7%within the sector's middle half▲ 1.8pp-10.5%▼ 12.2pp
Staff (FTE)2.7within the sector's middle half▼ 3.6%1.9within the sector's middle half▼ 29.6%0within the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2026 Turnover -82% on 2025. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €129,451 after €41,230 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €1.2m
Equity
€478,441 ▼ 20.2%
Debt
€673,103 ▼ 28.3%
Debt's share of the balance-sheet total falls from 61.0% to 58.5%. Equity and debt are lower.
Key figures and ratios
Debt to equity
1.41▼
2025 · 1.56
ROE
-25.4%▼
2025 · 4.2%
Debt ≤ 1 year
€666,323▼
2025 · €765,205
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 928 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.2m | €871,106 | €1.2m | €1.4m | €252,561 | ▼ 81.7% |
| Non-recurring operating income76A | - | €38 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €846,245 | €621,140 | €1.2m | €1.3m | €444,907 | ▼ 65.1% |
| Remuneration, social security and pensions62 | €340,945 | €175,460 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,018 | €1,307 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€1 | €1,560 | €66,279 | -€63,678 | ▼ 196% |
| Other operating charges640/8 | €30,580 | €600 | €0 | €191 | €783 | ▲ 310% |
| Gross operating margin9900 | €336,097 | €250,005 | €8,814 | €107,700 | -€192,346 | ▼ 279% |
| Operating profit (loss)9901 | -€37,446 | €72,639 | €7,254 | €41,230 | -€129,451 | ▼ 414% |
| Financial income75/76B | €16,859 | €16,609 | €1,515 | €6,474 | €15,692 | ▲ 142% |
| Recurring financial income75 | €16,859 | €16,609 | €1,515 | €6,474 | €15,692 | ▲ 142% |
| Financial charges65/66B | €5,601 | €3,613 | €9,976 | €13,211 | €7,718 | ▼ 41.6% |
| Recurring financial charges65 | €5,601 | €3,613 | €9,976 | €13,211 | €7,718 | ▼ 41.6% |
| Profit (loss) for the period before taxes9903 | -€26,188 | €85,635 | -€1,207 | €34,493 | -€121,477 | ▼ 452% |
| Income taxes67/77 | €1,892 | €22,351 | - | €9,070 | - | - |
| Profit (loss) for the period9904 | -€28,080 | €63,284 | -€1,207 | €25,423 | -€121,477 | ▼ 578% |
| Profit (loss) for the period to be appropriated9905 | -€28,080 | €63,284 | -€1,207 | €25,423 | -€121,477 | ▼ 578% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.9m | €876,730 | €1.5m | €1.2m | ▼ 25.1% |
| Fixed assets21/28 | €2,721 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1,307 | - | - | - | - | - |
| Furniture and vehicles24 | €1,307 | - | - | - | - | - |
| Financial fixed assets28 | €1,414 | €0 | - | - | - | - |
| Current assets29/58 | €1.3m | €1.9m | €876,730 | €1.5m | €1.2m | ▼ 25.1% |
| Amounts receivable within one year40/41 | €1.0m | €1.2m | €453,974 | €324,506 | €75,444 | ▼ 76.8% |
| Trade receivables40 | €224,159 | €253,623 | €453,974 | €226,550 | €29,359 | ▼ 87.0% |
| Other amounts receivable41 | €824,124 | €926,676 | - | €97,956 | €46,085 | ▼ 53.0% |
| Cash at bank and in hand54/58 | €230,216 | €762,465 | €421,982 | €1.2m | €1.1m | ▼ 11.4% |
| Deferred charges and accrued income490/1 | €3,558 | €774 | €774 | €774 | €774 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.9m | €876,730 | €1.5m | €1.2m | ▼ 25.1% |
| Equity10/15 | €512,418 | €575,702 | €574,495 | €599,918 | €478,441 | ▼ 20.2% |
| Contributions10/11 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Capital10 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Issued capital100 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Reserves13 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Non-distributable reserves130/1 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Legal reserve130 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Distributable reserves133 | €8,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | €424,418 | €487,702 | €486,495 | €511,918 | €390,441 | ▼ 23.7% |
| Amounts payable17/49 | €772,360 | €1.4m | €302,235 | €938,523 | €673,103 | ▼ 28.3% |
| Amounts payable within one year42/48 | €671,250 | €1.2m | €110,985 | €765,205 | €666,323 | ▼ 12.9% |
| Trade debts44 | €8,645 | €2,845 | €4,096 | €6,756 | €9,366 | ▲ 38.6% |
| Suppliers440/4 | €8,645 | €2,845 | €4,096 | €6,756 | €9,366 | ▲ 38.6% |
| Taxes, remuneration and social security45 | €69,110 | €32,544 | €14,388 | €20,745 | €0 | ▼ 100% |
| Taxes450/3 | - | €32,544 | €14,388 | €20,745 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €69,110 | - | - | - | - | - |
| Other amounts payable47/48 | €593,495 | €1.1m | €92,501 | €737,704 | €656,957 | ▼ 10.9% |
| Accrued charges and deferred income492/3 | €101,110 | €205,066 | €191,250 | €173,318 | €6,780 | ▼ 96.1% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,080 | €63,284 | -€1,207 | €25,423 | -€121,477 | ▼ 578% |
| + Depreciation and write-downs630 | €2,018 | €1,307 | - | - | - | - |
| Operating cash flow (approximation) | -€26,062 | €64,591 | -€1,207 | €25,423 | -€121,477 | ▼ 578% |
| Investment in fixed assets (approximation) | - | €1,414 | - | - | - | - |
| Change in cash | - | €532,249 | -€340,483 | €791,179 | -€137,835 | ▼ 117% |
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
Next filing, fiscal year 2027, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-07
State Gazette act
Resignation: Tony Vertenten (director)Appointments: Andre Van Dijken (director) and Stuart Mann (director) · Power of attorney10 facts ▸
State Gazette act
Resignation: Tony Vertenten (director)
Appointments: Andre Van Dijken (director) and Stuart Mann (director) · Power of attorney10 facts ▸
- Director resignation, Tony Vertenten (director)
- Board composition, Caroline Hoang Pham (director)
- Board composition, Andre Van Dijken (director)
- Board composition, Stuart Mann (director)
- Power of attorney, Carl Meyntjens
- Power of attorney, Yannick Stemotte
- Power of attorney, Guillaume Nelis
- Power of attorney
- Director appointment, Andre Van Dijken (director)
- Director appointment, Stuart Mann (director)
28-02
Financial
Weakest financial yearnet -€121,477
Net result drops to -€121,477, the lowest in the series.
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
28-02
Financial
Back to profitnet €25,423
Net result €25,423 after one loss-making year.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
29-02
Financial
Liquidity times 5current ratio 7.90
Current ratio from 1.67 to 7.90; short-term debt falls from €1.2m to €110,985.
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
28-02
Financial
Back to profitnet €63,284
Net result €63,284 after one loss-making year.
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Equity above €500,000Eq €540,498 ▲9%
3 profitable years in a row build equity to €540,498.
Show earlier events
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 33 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 47 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 25 acts read
About the unread acts
Of the 25 Belgian State Gazette acts we know for this company, 1 has been read. The other 24 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Andre Van Dijken
CurrentDirector · since 01-07-2026
Stuart Mann
CurrentDirector · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
24 of this company's 25 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1997
Ground area
1,528 m²
Building footprint
1,528 m²
Volume, LiDAR
51,372 m³
Parcel 11002A1949/03A000, Flanders · tallest building 40.4 m, ±12 floors. Linked by address, not a title deed.
65
companies at this address
See who is registered here
1 establishment unit
BluJay Solutions
since 19972.080.420.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1949/03A000 | Flanders | 1,528 m² | 1 · 1,528 m² | 40.4 m · 12 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.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Andre Van Dijken |
|
| Stuart Mann |
|
| Tony Vertenten |
|
Articles of association
Who signs
Two directors jointly
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 35,030 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-02-1997
Fiscal year end28-02
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.