Skip to content

BLUSUN

Active
Public limited companyfounded 200916 yrs activeKBO/BCE: BE 0821.607.519
Summary

The computed 12-month bankruptcy probability of BLUSUN is 22.5% (high). For BLUSUN, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€52.0m) and a net result of -€1.7m. Equity is shrinking by ~3.5% per year across the filed fiscal years. The company has been active since 2009 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch ReportCompare
BLUSUNActive
Risk analysis ReportCompare

Overview

Activity
Activity not known
Size
€1.1mtotal assets 2021
Equity
-€52.0m
Loss
-€1.7m
Financial health
Bankruptcy chance 12 m
22.5%
2021 figures too old to score
Structure
Accounts 1163 d overdue0 of 4 deeds read
Signals- Figures for FY 2021 (filed 22-08-2022)- Liquidity: current ratio 0.04- No establishment unit in the KBO- Two or more financial years not filed- Administrative warnings in the KBO publications+ Size: total assets €1.1mFiled after the deadlineShow the evidence

Checked score

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2021 · tick = 2020
Weak
Solvency 0=
equity -4904.1% of total assets
Liquidity 0=
short-term debt 2528.7%
Profitability 0=
return on assets -158.3%
Bankruptcy probability, 12 months
22.5% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 14.3%lowest value 12-2024: 24.0%▲ +68.0% vs 11-2024highest value 01-2025: 24.0%● 0.0% vs 12-2024highest value 02-2025: 24.0%● 0.0% vs 01-2025highest value 03-2025: 24.0%● 0.0% vs 02-2025highest value 04-2025: 24.0%▼ -0.1% vs 03-2025 05-2025: 24.0%● 0.0% vs 04-2025 06-2025: 23.8%▼ -0.9% vs 05-2025 07-2025: 23.8%● 0.0% vs 06-2025 08-2025: 22.8%▼ -4.1% vs 07-2025 09-2025: 22.8%● 0.0% vs 08-2025 10-2025: 22.8%● 0.0% vs 09-2025 11-2025: 22.8%● 0.0% vs 10-2025 12-2025: 22.8%● 0.0% vs 11-2025 01-2026: 22.8%● 0.0% vs 12-2025 02-2026: 22.8%● 0.0% vs 01-2026 03-2026: 22.8%● 0.0% vs 02-2026 04-2026: 22.5%▼ -1.3% vs 03-2026 05-2026: 22.5%● 0.0% vs 04-2026 06-2026: 22.5%● 0.0% vs 05-2026 07-2026: 22.5%● 0.0% vs 06-2026 08-2026: 22.5%● 0.0% vs 07-2026 09-2026: 22.5%● 0.0% vs 08-2026 10-2026: 22.5%● 0.0% vs 09-2026
  • Figures for FY 2021 (filed 22-08-2022) raises the probability
  • Size: total assets €1.1m lowers the probability for this profile
  • Liquidity: current ratio 0.04 raises the probability
  • No establishment unit in the KBO raises the probability
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2021 (filed 22-08-2022)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €1.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.04
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · No establishment unit in the KBO
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2022 close31-07-2023 deadline06-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-08-2022, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
22 d late
2020
1 d early
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 17 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Address struckevent 08-10-2024
  2. Annual accounts filedfiscal year 2021 · micro…
  3. Annual accounts filedfiscal year 2020 · micro…

Key points

  • Risk: Accounts not fileddeadline was 31-07-2023 1163 d late View
  • Risk: Negative equityfiscal year 2021: debts exceed assets -€52.0m View
  • Risk: 4 loss-making years in a rowloss fiscal year 2021 -€1.7m View

By topic

Financials

Fiscal year
2021
Total assets
€1.1m
Loss
-€1.7m
Solvency
-4904.1%
Total assets▲ 0.1%
Net result
20182021
Go to Financials

Timeline

Events
12
Since
2013
  1. 29-11-2024Address struck
  2. 22-08-2022Annual accounts filed
  3. 30-07-2021Annual accounts filed
Go to Timeline

Company details

Legal form
Public limited company
Founded
20-12-2009
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check 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

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure