DEN BLITZ
ActiveSummary
DEN BLITZ has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,708 and a net result of €38,148. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-8
Solvency96▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 16.6 against 59.24 in 2024; short-term debt: 5.8% and cash: 13.8% of total assets), and 28.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
71.1%
Return on assets
18.6%
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 €145,708
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 31-05-2026, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
25 d early
2023
12 d late
2022
16 d late
2021
18 d late
2020
9 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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, micro schema
Equity
€145,708▲ 35.5%
2024 · €107,560
Total assets
€204,831▲ 30.1%
2024 · €157,437
Net result
€38,148▼ 25.5%
2024 · €51,239
Working capital
€185,698▲ 20.0%
2024 · €154,779
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€39,062€45,747▲ 17.1%€52,972▲ 15.8%€56,685▲ 7.0%€54,581▼ 3.7%
Net result€34,374€41,650▲ 21.2%€51,153▲ 22.8%€51,239▲ 0.2%€38,148▼ 25.5%
Equity-€36,482▲ 48.5%€5,168€56,321▲ 990%€107,560▲ 91.0%€145,708▲ 35.5%
Total assets€13,053▲ 15.8%€59,548▲ 356%€110,595▲ 85.7%€157,437▲ 42.4%€204,831▲ 30.1%
Debt€2,316▼ 93.4%€7,161▲ 209%€7,055▼ 1.5%€2,658▼ 62.3%€11,904▲ 348%
Working capital€10,737€52,387▲ 388%€103,540▲ 97.6%€154,779▲ 49.5%€185,698▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204,831
Fixed assets
€7,229
Current assets
€197,602
Equity and liabilities €204,831
Equity
€145,708 ▲ 35.5%
Provisions
€47,219 =
Debt
€11,904 ▲ 348%
Debt's share of the balance-sheet total rises from 1.7% to 5.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,053
Cash flow
€38,620
Current ratio
16.60▼
2024 · 59.24
Debt to equity
0.08▲
2024 · 0.02
ROE
26.2%▼
2024 · 47.6%
ROA
18.6%▼
2024 · 32.5%
Interest coverage
521.04
Debt ≤ 1 year
€11,904▲
2024 · €2,658
Income taxes
€18,176▲
2024 · €6,508
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 31,324 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 | €1,500 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,325 | €0 | - | - | €473 | - |
| Other operating charges640/8 | €2,076 | €2,116 | €2,370 | €2,406 | €2,480 | ▲ 3.1% |
| Gross operating margin9900 | €44,463 | €47,863 | €55,342 | €59,091 | €57,534 | ▼ 2.6% |
| Operating profit (loss)9901 | €39,062 | €45,747 | €52,972 | €56,685 | €54,581 | ▼ 3.7% |
| Financial income75/76B | €15 | €159 | €382 | €1,169 | €1,848 | ▲ 58.1% |
| Recurring financial income75 | €15 | €159 | €382 | €1,169 | €1,848 | ▲ 58.1% |
| Financial charges65/66B | €2,589 | €92 | €96 | €106 | €106 | ▼ 0.7% |
| Recurring financial charges65 | €2,589 | €92 | €96 | €106 | €106 | ▼ 0.7% |
| Profit (loss) for the period before taxes9903 | €36,488 | €45,815 | €53,258 | €57,748 | €56,323 | ▼ 2.5% |
| Income taxes67/77 | €2,114 | €4,165 | €2,105 | €6,508 | €18,176 | ▲ 179% |
| Profit (loss) for the period9904 | €34,374 | €41,650 | €51,153 | €51,239 | €38,148 | ▼ 25.5% |
| Transfer from tax-exempt reserves789 | €12,926 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €47,299 | €41,650 | €51,153 | €51,239 | €38,148 | ▼ 25.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,053 | €59,548 | €110,595 | €157,437 | €204,831 | ▲ 30.1% |
| Fixed assets21/28 | - | - | - | - | €7,229 | - |
| Tangible fixed assets22/27 | - | - | - | - | €7,229 | - |
| Land and buildings22 | - | - | - | - | €7,229 | - |
| Current assets29/58 | €13,053 | €59,548 | €110,595 | €157,437 | €197,602 | ▲ 25.5% |
| Amounts receivable after more than one year29 | - | €1,755 | €1,755 | €1,755 | €1,755 | = |
| Other amounts receivable291 | - | €1,755 | €1,755 | €1,755 | €1,755 | = |
| Amounts receivable within one year40/41 | €10,123 | €0 | €2,818 | €1,987 | €72,600 | ▲ 3,554% |
| Trade receivables40 | €7,253 | €0 | €2,818 | €1,987 | €0 | ▼ 100% |
| Other amounts receivable41 | €2,870 | €0 | - | - | €72,600 | - |
| Current investments50/53 | - | - | - | €36,000 | €93,000 | ▲ 158% |
| Cash at bank and in hand54/58 | €1,410 | €56,012 | €105,996 | €117,669 | €28,176 | ▼ 76.1% |
| Deferred charges and accrued income490/1 | €1,519 | €1,781 | €25 | €25 | €2,071 | ▲ 8,091% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,053 | €59,548 | €110,595 | €157,437 | €204,831 | ▲ 30.1% |
| Equity10/15 | -€36,482 | €5,168 | €56,321 | €107,560 | €145,708 | ▲ 35.5% |
| Contributions10/11 | €9,197 | €9,197 | €9,197 | €9,197 | €9,197 | = |
| Reserves13 | €1,859 | €43,504 | €64,551 | €98,363 | €136,511 | ▲ 38.8% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | - | €41,645 | €64,551 | €98,363 | €136,511 | ▲ 38.8% |
| Profit (loss) carried forward14 | -€47,539 | -€47,534 | -€17,427 | €0 | - | - |
| Provisions and deferred taxes16 | €47,219 | €47,219 | €47,219 | €47,219 | €47,219 | = |
| Provisions for liabilities and charges160/5 | €47,219 | €47,219 | €47,219 | €47,219 | €47,219 | = |
| Environmental obligations163 | €47,219 | - | - | - | - | - |
| Other liabilities and charges164/5 | - | €47,219 | €47,219 | €47,219 | €47,219 | = |
| Amounts payable17/49 | €2,316 | €7,161 | €7,055 | €2,658 | €11,904 | ▲ 348% |
| Amounts payable within one year42/48 | €2,316 | €7,161 | €7,055 | €2,658 | €11,904 | ▲ 348% |
| Trade debts44 | €202 | €563 | €5,057 | €0 | €3,025 | - |
| Suppliers440/4 | €202 | €563 | €5,057 | €0 | €3,025 | - |
| Taxes, remuneration and social security45 | €2,114 | €6,599 | €1,998 | €2,658 | €8,879 | ▲ 234% |
| Taxes450/3 | €2,114 | €6,599 | €1,998 | €2,658 | €8,879 | ▲ 234% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,374 | €41,650 | €51,153 | €51,239 | €38,148 | ▼ 25.5% |
| + Depreciation and write-downs630 | €3,325 | €0 | - | - | €473 | - |
| Operating cash flow (approximation) | €37,699 | €41,650 | €51,153 | €51,239 | €38,620 | ▼ 24.6% |
| Change in cash | - | €54,602 | €49,984 | €11,674 | -€89,494 | ▼ 867% |
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
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €51,239 ▲0.2%
Operating result €56,685, net result €51,239, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 59.24
Current ratio from 15.68 to 59.24; short-term debt falls from €7,055 to €2,658.
31-12
Financial
Equity above €100,000Eq €107,560 ▲91%
4 profitable years in a row build equity to €107,560.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Back to profitnet €34,374
Net result €34,374 after 3 loss-making years.
31-12
Financial
Liquidity times 25current ratio 5.64
Current ratio from 0.23 to 5.64; short-term debt falls from €34,904 to €2,316.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
Show earlier events
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 1998
Ground area
835 m²
Building footprint
126 m²
Volume, LiDAR
965 m³
Parcel 11324D0190/00E000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bredabaan 539, 2930 Brasschaat
since 19982.081.054.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0190/00E000 | Flanders | 835 m² | 1 · 126 m² | 11.1 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded28-01-1997
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459935891
Also
9925:BE0459935891
Registered
08-10-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.