BluMerch
ActiveSummary
BluMerch has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,846 and a net result of €10,141. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+29
Solvency54▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.37 in 2024; short-term debt: 71% and cash: 13.9% of total assets), and 71% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29%
Return on assets
2.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-12-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
2 d late
2023
1 d early
2022
on the day
2021
3 d early
2020
1 d late
2019
38 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€120,846▲ 9.2%
2024 · €110,705
Total assets
€417,255▲ 15.8%
2024 · €360,224
Net result
€10,141
2024 · -€20,355
Working capital
€103,127▲ 11.9%
2024 · €92,128
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
Line20212022202320242025
Operating result€16,493▲ 29.9%€13,259▼ 19.6%€10,231▼ 22.8%-€995€19,465
Net result€14,817▲ 69.2%€5,649▼ 61.9%€1,513▼ 73.2%-€20,355€10,141
Equity€123,898▲ 12.8%€129,547▲ 4.6%€131,060▲ 1.2%€110,705▼ 15.5%€120,846▲ 9.2%
Total assets€327,580▲ 43.8%€334,868▲ 2.2%€308,939▼ 7.7%€360,224▲ 16.6%€417,255▲ 15.8%
Debt€203,682▲ 72.8%€205,321▲ 0.8%€177,879▼ 13.4%€249,519▲ 40.3%€296,409▲ 18.8%
Working capital€78,130▼ 20.7%€95,594▲ 22.4%€104,860▲ 9.7%€92,128▼ 12.1%€103,127▲ 11.9%
Staff (FTE)1=1.9▲ 90.0%2▲ 5.3%2=1.1▼ 45.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19,465 after a loss of €995 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €417,255
Fixed assets
€17,719 ▼ 4.6%
Current assets
€399,536 ▲ 16.9%
Equity and liabilities €417,255
Equity
€120,846 ▲ 9.2%
Debt
€296,409 ▲ 18.8%
Debt's share of the balance-sheet total rises from 69.3% to 71.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,921▲
2024 · €7,833
Cash flow
€18,597▲
2024 · -€11,527
Current ratio
1.35▼
2024 · 1.37
Quick ratio
0.64▲
2024 · 0.56
Debt to equity
2.45▲
2024 · 2.25
ROE
8.4%▲
2024 · -18.4%
ROA
2.4%▲
2024 · -5.7%
Interest coverage
3.07▲
2024 · 0.81
Debt ≤ 1 year
€296,409▲
2024 · €249,519
Income taxes
€267▼
2024 · €9,878
Staff costs
€43,786▼
2024 · €81,064
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,502 | €30,000 | €6,902 | - | - |
| Remuneration, social security and pensions62 | - | €64,491 | €69,339 | €81,064 | €43,786 | ▼ 46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,685 | €9,367 | €9,646 | €8,828 | €8,456 | ▼ 4.2% |
| Other operating charges640/8 | - | €1,633 | €1,385 | €10,900 | €594 | ▼ 94.5% |
| Gross operating margin9900 | €50,522 | €88,750 | €90,601 | €99,796 | €72,301 | ▼ 27.6% |
| Operating profit (loss)9901 | €16,493 | €13,259 | €10,231 | -€995 | €19,465 | ▲ 2,056% |
| Financial income75/76B | - | €74 | €116 | €174 | €47 | ▼ 73.1% |
| Recurring financial income75 | €2,222 | €74 | €116 | €174 | €47 | ▼ 73.1% |
| Financial charges65/66B | - | €7,549 | €8,561 | €9,656 | €9,105 | ▼ 5.7% |
| Recurring financial charges65 | €3,898 | €7,549 | €8,561 | €9,656 | €9,105 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €14,817 | €5,784 | €1,787 | -€10,477 | €10,407 | ▲ 199% |
| Income taxes67/77 | - | €135 | €274 | €9,878 | €267 | ▼ 97.3% |
| Profit (loss) for the period9904 | €14,817 | €5,649 | €1,513 | -€20,355 | €10,141 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €14,817 | €5,649 | €1,513 | -€20,355 | €10,141 | ▲ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €327,580 | €334,868 | €308,939 | €360,224 | €417,255 | ▲ 15.8% |
| Fixed assets21/28 | €45,768 | €40,346 | €26,200 | €18,577 | €17,719 | ▼ 4.6% |
| Tangible fixed assets22/27 | €37,068 | €31,646 | €22,000 | €13,172 | €4,716 | ▼ 64.2% |
| Plant, machinery and equipment23 | - | €27,211 | €19,376 | €11,542 | €3,707 | ▼ 67.9% |
| Furniture and vehicles24 | - | €4,435 | €2,624 | €1,631 | €1,009 | ▼ 38.1% |
| Financial fixed assets28 | €8,700 | €8,700 | €4,200 | €5,405 | €13,003 | ▲ 141% |
| Current assets29/58 | €281,812 | €294,522 | €282,739 | €341,647 | €399,536 | ▲ 16.9% |
| Stocks and contracts in progress3 | €165,671 | €174,011 | €178,070 | €201,229 | €211,172 | ▲ 4.9% |
| Stocks30/36 | - | €174,011 | €178,070 | €201,229 | €211,172 | ▲ 4.9% |
| Amounts receivable within one year40/41 | €105,021 | €109,279 | €96,922 | €98,724 | €130,412 | ▲ 32.1% |
| Trade receivables40 | - | €109,247 | €95,289 | €98,478 | €130,240 | ▲ 32.3% |
| Other amounts receivable41 | - | €33 | €1,633 | €245 | €172 | ▼ 29.8% |
| Cash at bank and in hand54/58 | €11,120 | €11,231 | €7,748 | €41,693 | €57,952 | ▲ 39.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €327,580 | €334,868 | €308,939 | €360,224 | €417,255 | ▲ 15.8% |
| Equity10/15 | €123,898 | €129,547 | €131,060 | €110,705 | €120,846 | ▲ 9.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €103,898 | €109,547 | €111,060 | €111,060 | €111,060 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €107,547 | €109,060 | €109,060 | €109,060 | = |
| Profit (loss) carried forward14 | -€420 | - | - | -€20,355 | -€10,214 | ▲ 49.8% |
| Amounts payable17/49 | €203,682 | €205,321 | €177,879 | €249,519 | €296,409 | ▲ 18.8% |
| Amounts payable within one year42/48 | €203,682 | €198,928 | €177,879 | €249,519 | €296,409 | ▲ 18.8% |
| Current portion of amounts payable after more than one year42 | - | €28,400 | - | - | - | - |
| Trade debts44 | €49,000 | €58,871 | €105,406 | €139,722 | €223,064 | ▲ 59.6% |
| Suppliers440/4 | - | €58,871 | €105,406 | €139,722 | €223,064 | ▲ 59.6% |
| Taxes, remuneration and social security45 | - | €16,300 | €20,698 | €25,296 | €14,431 | ▼ 43.0% |
| Taxes450/3 | - | €3,185 | €4,662 | €12,125 | €5,095 | ▼ 58.0% |
| Remuneration and social security454/9 | - | €13,115 | €16,036 | €13,171 | €9,336 | ▼ 29.1% |
| Other amounts payable47/48 | - | €95,357 | €51,775 | €84,501 | €58,915 | ▼ 30.3% |
| Accrued charges and deferred income492/3 | - | €6,393 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,817 | €5,649 | €1,513 | -€20,355 | €10,141 | ▲ 150% |
| + Depreciation and write-downs630 | €7,685 | €9,367 | €9,646 | €8,828 | €8,456 | ▼ 4.2% |
| Operating cash flow (approximation) | €22,502 | €15,016 | €11,159 | -€11,527 | €18,597 | ▲ 261% |
| Investment in fixed assets (approximation) | - | -€3,945 | €4,500 | -€1,205 | -€7,598 | ▼ 531% |
| Change in cash | - | €111 | -€3,483 | €33,946 | €16,258 | ▼ 52.1% |
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 2026, expected by
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €10,141
Net result €10,141 after one loss-making year.
02-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
30-06
Financial
Weakest financial yearnet -€20,355
Net result drops to -€20,355, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €14,817 ▲69.2%
Net result €14,817, the highest in the series.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Zonhoven · 1 establishment unit since 2013
Ground area
1,985 m²
Building footprint
885 m²
Volume, LiDAR
4,253 m³
2 parcels, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BluMerch
since 20132.219.962.388
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71066B0432/00V000 | Flanders | 1,001 m² | 1 · 223 m² | 12.0 m · 2 fl. |
| 71327G0123/00N008 | Flanders | 984 m² | 1 · 662 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 3,226 companies in sector 47781 we hold annual accounts for 743. 545 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
Founded31-05-2013
Fiscal year end30-06
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
33130Repair, maintenance and installation of machinery and equipment
Contact
E-mail
fred@f-mobile.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534844340
Also
9925:BE0534844340
Registered
27-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.