Bluvngoan
ActiveSummary
Bluvngoan has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 13305 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-5
Solvency41▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.66 in 2024; short-term debt: 36.6% and cash: 1.7% of total assets), and 83.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
16.2%
Return on assets
1.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €123k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
13 d early
2023
16 d early
2022
25 d early
2021
18 d early
2020
61 d late
2019
109 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€123k▲ 9.4%
2024 · €113k
2018: €125k
2019: €110k
2020: €51k
2021: €6k
2022: €31k
2023: €70k
2024: €113k
2018 → 2025
Total assets
€761k▼ 11.8%
2024 · €864k
2018: €1.02M
2019: €982k
2020: €863k
2021: €814k
2022: €796k
2023: €801k
2024: €864k
2018 → 2025
Net result
€11k▼ 75.7%
2024 · €43k
2018: €-63k
2019: €-15k
2020: €-60k
2021: €-44k
2022: €25k
2023: €38k
2024: €43k
2018 → 2025
Working capital
€-191k▼ 132%
2024 · €-82k
2018: €-125k
2019: €-108k
2020: €-58k
2021: €-64k
2022: €-42k
2023: €-11k
2024: €-82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€31k▲ 404%€70k▲ 124%€113k▲ 62.5%€123k▲ 9.4%
Operating result€-44k-€30k€62k▲ 107%€47k▼ 23.1%€21k▼ 56.6%
Net result€-44k-€25k€38k▲ 54.3%€43k▲ 12.9%€11k▼ 75.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €761k
Fixed assets
€673k ▼ 4.8%
Current assets
€88k ▼ 43.6%
Equity and liabilities €761k
Equity
€123k ▲ 9.4%
Debt
€638k ▼ 15.0%
Debt's share of the balance-sheet total falls from 86.9% to 83.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59k▼
2024 · €84k
Cash flow
€49k▼
2024 · €80k
Current ratio
0.32▼
2024 · 0.66
Quick ratio
0.29▼
2024 · 0.62
Debt to equity
5.17▼
2024 · 6.65
ROE
8.6%▼
2024 · 38.4%
ROA
1.4%▼
2024 · 5.0%
Interest coverage
8.56▼
2024 · 31.88
Debt ≤ 1 year
€279k▲
2024 · €239k
Debt > 1 year
€359k▼
2024 · €512k
Income taxes
€3k▼
2024 · €5k
Staff costs
€26k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€864k€761k▼
Fixed assets21/28€707k€673k▼
Tangible fixed assets22/27€707k€673k▼
Land and buildings22€573k€554k▼
Plant, machinery and equipment23€17k€13k▼
Furniture and vehicles24€17k€13k▼
Other tangible fixed assets26€100k€93k▼
Current assets29/58€157k€88k▼
Stocks and contracts in progress3€9k€8k▼
Stocks30/36€9k€8k▼
Amounts receivable within one year40/41€13k€3k▼
Trade receivables40€13k€2k▼
Other amounts receivable41€348€836▲
Cash at bank and in hand54/58€126k€13k▼
Deferred charges and accrued income490/1€9k€64k▲
Equity and liabilities
Total equity and liabilities10/49€864k€761k▼
Equity10/15€113k€123k▲
Contributions10/11€100k€100k=
Revaluation surpluses12€179k€179k=
Profit (loss) carried forward14€-166k€-155k▲
Amounts payable17/49€751k€638k▼
Amounts payable after more than one year17€512k€359k▼
Financial debts170/4€512k€359k▼
Amounts payable within one year42/48€239k€279k▲
Current portion of amounts payable after more than one year42€36k€50k▲
Trade debts44€20k€33k▲
Suppliers440/4€20k€33k▲
Advances received on contracts in progress46€85k€94k▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€311€282▼
Other amounts payable47/48€94k€95k▲
Income statement
Code20242025
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€16k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€39k▲
Other operating charges640/8€22k€4k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€121k€91k▼
Operating profit (loss)9901€47k€21k▼
Financial income75/76B€4k€137▼
Recurring financial income75€4k€137▼
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€49k€14k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€43k€11k▼
Profit (loss) for the period to be appropriated9905€43k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-166k€-155k▲
Profit (loss) brought forward from the previous period14P€-209k€-166k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €43k ▲12.9%
Net result €43k, the highest in the series.
31-12
Financial
Equity above €100kEq €113k ▲62.5%
3 profitable years in a row build equity to €113k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €25k
Net result €25k after 4 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Langemark-Poelkapelle · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Diksmuidestraat 148920 Langemark-PoelkapelleGround area
4,742 m²
Building footprint
597 m²
Volume, LiDAR
2,364 m³
Parcel 33014H0082/00D000, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
La Brasa
since 19962.043.277.383
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33014H0082/00D000 | Flanders | 4,742 m² | 1 · 597 m² | 9.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 · 1 entry · 1,062 EUR awarded · 1,062 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,062 EUR | 1,062 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLangemark-Poelkapelle2.043.277.383
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BE 0462.140.068
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MAISON DE BOUWAERT
BE 0550.962.968
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LOUISSE&DECLERCQ
BE 0633.555.203
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RESTAURANT CHINA
BE 0464.289.510
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-1989
Fiscal year end31-12
Trade name NL
HOEVE 14
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.