BLUTSQI
ActiveSummary
BLUTSQI has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €379,731. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 1053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+14
Solvency56▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.71 in 2024; short-term debt: 17.6% and cash: 9.6% of total assets), and 69.2% 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 · 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
30.8%
Return on assets
10.2%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
6 d early
2023
5 d early
2022
28 d early
2021
16 d early
2020
20 d late
2019
49 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 on the deadline day; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Heist-op-den-Berg, Other services sector#4 company by equity in Heist-op-den-Berg, Other services sector#4 oldest company in Heist-op-den-Berg, Other services sector
Equity
€1.1m▲ 15.6%
2024 · €991,280
Total assets
€3.7m▲ 8.0%
2024 · €3.4m
Net result
€379,731▲ 89.6%
2024 · €200,250
Working capital
-€108,523▲ 20.8%
2024 · -€137,083
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
Line20212022202320242025
Operating result€13,653€147,199▲ 978%€59,853▼ 59.3%€328,954▲ 450%€519,652▲ 58.0%
Net result€0below the sector's middle half€98,586within the sector's middle half▲ 75,834,946%€390below the sector's middle half▼ 99.6%€200,250above the sector's middle half▲ 51,200%€379,731above the sector's middle half▲ 89.6%
Equity€767,054above the sector's middle half=€865,640above the sector's middle half▲ 12.9%€866,030within the sector's middle half=€991,280above the sector's middle half▲ 14.5%€1.1mabove the sector's middle half▲ 15.6%
Total assets€1.4mwithin the sector's middle half▲ 10.7%€1.4mwithin the sector's middle half▲ 1.9%€3.2mabove the sector's middle half▲ 130%€3.4mabove the sector's middle half▲ 8.1%€3.7mabove the sector's middle half▲ 8.0%
Debt€592,202▲ 28.6%€519,253▼ 12.3%€2.3m▲ 348%€2.5m▲ 5.7%€2.6m▲ 5.0%
Working capital-€24,941€15,523€5,930▼ 61.8%-€137,083-€108,523▲ 20.8%
Solvency56.4%within the sector's middle half▼ 6.1pp62.5%within the sector's middle half▲ 6.1pp27.1%within the sector's middle half▼ 35.4pp28.7%within the sector's middle half▲ 1.6pp30.8%within the sector's middle half▲ 2.0pp
Staff (FTE)6.8within the sector's middle half=7.5above the sector's middle half▲ 10.3%8.5above the sector's middle half▲ 13.3%8.9above the sector's middle half▲ 4.7%10.4above the sector's middle half▲ 16.9%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€3.2m ▲ 1.9%
Current assets
€549,164 ▲ 65.4%
Equity and liabilities €3.7m
Equity
€1.1m ▲ 15.6%
Debt
€2.6m ▲ 5.0%
Debt's share of the balance-sheet total falls from 71.3% to 69.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€608,291▲
2024 · €390,136
Cash flow
€468,370▲
2024 · €261,431
Current ratio
0.83▲
2024 · 0.71
Quick ratio
0.79▲
2024 · 0.68
Debt to equity
2.25▼
2024 · 2.48
ROE
33.1%▲
2024 · 20.2%
ROA
10.2%▲
2024 · 5.8%
Interest coverage
7.72▲
2024 · 4.87
Debt ≤ 1 year
€657,687▲
2024 · €469,056
Debt > 1 year
€1.9m▼
2024 · €1.9m
Income taxes
€62,570▲
2024 · €49,145
Staff costs
€695,865▲
2024 · €562,701
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 20,082 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,500 | €0 | €207 | - |
| Remuneration, social security and pensions62 | €403,566 | €475,825 | €549,117 | €562,701 | €695,865 | ▲ 23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,508 | €27,818 | €218,285 | €61,181 | €88,639 | ▲ 44.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€4,511 | €5,092 | €93 | €8,725 | -€1,741 | ▼ 120% |
| Other operating charges640/8 | €14,305 | €9,961 | €16,104 | €28,325 | €19,754 | ▼ 30.3% |
| Gross operating margin9900 | €448,521 | €665,896 | €843,452 | €989,886 | €1.3m | ▲ 33.6% |
| Operating profit (loss)9901 | €13,653 | €147,199 | €59,853 | €328,954 | €519,652 | ▲ 58.0% |
| Financial income75/76B | €0 | €2 | €48 | €556 | €1,459 | ▲ 162% |
| Recurring financial income75 | €0 | €2 | €48 | €556 | €1,459 | ▲ 162% |
| Financial charges65/66B | €7,912 | €8,645 | €55,163 | €80,116 | €78,810 | ▼ 1.6% |
| Recurring financial charges65 | €7,912 | €8,645 | €55,163 | €80,116 | €78,810 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €5,742 | €138,556 | €4,738 | €249,395 | €442,301 | ▲ 77.3% |
| Income taxes67/77 | €5,742 | €39,970 | €4,347 | €49,145 | €62,570 | ▲ 27.3% |
| Profit (loss) for the period9904 | €0 | €98,586 | €390 | €200,250 | €379,731 | ▲ 89.6% |
| Profit (loss) for the period to be appropriated9905 | €0 | €98,586 | €390 | €200,250 | €379,731 | ▲ 89.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.4m | €3.2m | €3.4m | €3.7m | ▲ 8.0% |
| Fixed assets21/28 | €1.1m | €1.1m | €2.8m | €3.1m | €3.2m | ▲ 1.9% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €2.8m | €3.1m | €3.2m | ▲ 1.9% |
| Land and buildings22 | €1.1m | €1.1m | €2.7m | €3.0m | €3.1m | ▲ 0.5% |
| Plant, machinery and equipment23 | €17,477 | €14,919 | €18,791 | €66,232 | €78,803 | ▲ 19.0% |
| Furniture and vehicles24 | €6,121 | €10,839 | €6,684 | €3,711 | €37,285 | ▲ 905% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €253,523 | €277,802 | €415,792 | €331,974 | €549,164 | ▲ 65.4% |
| Stocks and contracts in progress3 | €46,427 | €47,819 | €29,537 | €12,210 | €28,677 | ▲ 135% |
| Stocks30/36 | €46,427 | €47,819 | €29,537 | €12,210 | €28,677 | ▲ 135% |
| Amounts receivable within one year40/41 | €167,704 | €154,194 | €175,467 | €159,186 | €143,186 | ▼ 10.1% |
| Trade receivables40 | €144,207 | €154,194 | €175,467 | €159,186 | €143,186 | ▼ 10.1% |
| Other amounts receivable41 | €23,497 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €21,222 | €36,062 | €144,828 | €88,731 | €357,741 | ▲ 303% |
| Deferred charges and accrued income490/1 | €18,170 | €39,726 | €65,960 | €71,847 | €19,560 | ▼ 72.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €3.2m | €3.4m | €3.7m | ▲ 8.0% |
| Equity10/15 | €767,054 | €865,640 | €866,030 | €991,280 | €1.1m | ▲ 15.6% |
| Contributions10/11 | €549,368 | €549,368 | €549,368 | €549,368 | €549,368 | = |
| Revaluation surpluses12 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Reserves13 | €56,000 | €56,000 | €56,000 | €296,000 | €451,642 | ▲ 52.6% |
| Non-distributable reserves130/1 | €40,137 | €40,137 | €40,137 | €40,137 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €40,137 | €40,137 | €40,137 | €40,137 | €0 | ▼ 100% |
| Tax-exempt reserves132 | €15,864 | €15,864 | €15,864 | €15,864 | €15,864 | = |
| Distributable reserves133 | - | - | - | €240,000 | €435,779 | ▲ 81.6% |
| Profit (loss) carried forward14 | €16,686 | €115,271 | €115,662 | €911 | €0 | ▼ 100% |
| Amounts payable17/49 | €592,202 | €519,253 | €2.3m | €2.5m | €2.6m | ▲ 5.0% |
| Amounts payable after more than one year17 | €285,025 | €220,363 | €1.9m | €1.9m | €1.9m | ▼ 3.4% |
| Financial debts170/4 | €285,025 | €220,363 | €1.9m | €1.9m | €1.9m | ▼ 3.4% |
| Amounts payable within one year42/48 | €278,464 | €262,279 | €409,862 | €469,056 | €657,687 | ▲ 40.2% |
| Current portion of amounts payable after more than one year42 | €64,603 | €76,004 | €149,230 | €169,109 | €132,631 | ▼ 21.6% |
| Financial debts43 | - | - | - | €72,895 | €57,872 | ▼ 20.6% |
| Credit institutions430/8 | - | - | - | €72,895 | €57,872 | ▼ 20.6% |
| Trade debts44 | €109,590 | €47,280 | €157,994 | €62,378 | €98,186 | ▲ 57.4% |
| Suppliers440/4 | €109,590 | €47,280 | €157,994 | €62,378 | €98,186 | ▲ 57.4% |
| Taxes, remuneration and social security45 | €104,272 | €138,996 | €102,638 | €89,674 | €130,498 | ▲ 45.5% |
| Taxes450/3 | €30,631 | €86,763 | €31,623 | €43,366 | €47,272 | ▲ 9.0% |
| Remuneration and social security454/9 | €73,641 | €52,233 | €71,015 | €46,308 | €83,226 | ▲ 79.7% |
| Other amounts payable47/48 | - | - | - | €75,000 | €238,500 | ▲ 218% |
| Accrued charges and deferred income492/3 | €28,713 | €36,611 | €28,328 | €39,104 | €39,692 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0 | €98,586 | €390 | €200,250 | €379,731 | ▲ 89.6% |
| + Depreciation and write-downs630 | €21,508 | €27,818 | €218,285 | €61,181 | €88,639 | ▲ 44.9% |
| Operating cash flow (approximation) | €21,508 | €126,404 | €218,676 | €261,431 | €468,370 | ▲ 79.2% |
| Investment in fixed assets (approximation) | - | -€29,176 | -€1.9m | -€403,170 | -€148,767 | ▲ 63.1% |
| Change in cash | - | €14,840 | €108,766 | -€56,098 | €269,010 | ▲ 580% |
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
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €379,731 ▲89.6%
Operating result €519,652, net result €379,731, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲15.6%
5 profitable years in a row build equity to €1.1m.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €0
Net result €0 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet -€11,837
Net result drops to -€11,837, the lowest in the series; recovery starts the following year.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Heist-op-den-Berg · 1 establishment unit since 1990
Ground area
6,330 m²
Building footprint
1,602 m²
Volume, LiDAR
8,964 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BLUTSQI
since 19902.046.973.776
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K1060/00A000 | Flanders | 4,386 m² | 1 · 1,498 m² | 7.6 m · 2 fl. |
| 12014K0796/00C000 | Flanders | 1,944 m² | 1 · 105 m² | 6.2 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- LANACOM
- BLUTSQI
Highest known parent: LANACOM. The sources do not say who stands above it.
Owners 1
- LANACOMparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,861 EUR awarded · 874 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,111 EUR | 124 EUR |
| 2022 | 1 | 750 EUR | 750 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 live approvalKoetswerk duaal (so)
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Of 7,378 companies in sector 95311 we hold annual accounts for 2,961. 1,615 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
Founded15-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439227579
Also
9925:BE0439227579
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.