FLANDERS BLUE SQUARE
ActiveFLANDERS BLUE SQUARE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-66k) and a net result of €-6k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
27
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+13
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 0.85 in 2024; short-term debt: 122.5% and cash: 3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-115.2%
Return on assets
-9.9%
Age of the figures
9 mo
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
Sector 47
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-66k
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
40 d early
2023
45 d early
2022
7 d early
2021
26 d late
2020
16 d late
2019
130 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-66k▼ 9.4%
2024 · €-60k
2018: €-60k
2019: €-42k
2020: €-44k
2021: €-40k
2022: €-46k
2023: €-50k
2024: €-60k
2018 → 2025
Total assets
€57k▼ 4.2%
2024 · €60k
2018: €98k
2019: €120k
2020: €122k
2021: €115k
2022: €97k
2023: €97k
2024: €60k
2018 → 2025
Net result
€-6k▲ 43.5%
2024 · €-10k
2018: €-661
2019: €18k
2020: €-2k
2021: €4k
2022: €-6k
2023: €-4k
2024: €-10k
2018 → 2025
Working capital
€-13k▼ 23.9%
2024 · €-10k
2018: €-28k
2019: €-6k
2020: €-4k
2021: €3k
2022: €1k
2023: €996
2024: €-10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-40k-€-46k▼ 14.8%€-50k▼ 9.2%€-60k▼ 20.1%€-66k▼ 9.4%
Operating result€6k-€-4k€-2k▲ 52.7%€-8k▼ 356%€-3k▲ 55.4%
Net result€4k-€-6k€-4k▲ 28.9%€-10k▼ 138%€-6k▲ 43.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €8k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-115.2%▼
2024 · -100.9%
Current ratio
0.82▼
2024 · 0.85
Quick ratio
0.82▼
2024 · 0.85
Debt / equity
-1.87▲
2024 · -1.99
ROA
-9.9%▲
2024 · -16.9%
Debt
€123k▲
2024 · €120k
Debt ≤ 1 year
€70k=
2024 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€60k€57k▼
Current assets29/58€60k€57k▼
Amounts receivable within one year40/41€38k€38k▲
Trade receivables40€5k€5k=
Other amounts receivable41€34k€34k▲
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€17k€17k▲
Equity and liabilities
Total equity and liabilities10/49€60k€57k▼
Equity10/15€-60k€-66k▼
Contributions10/11€19k€19k=
Reserves13€400€400=
Non-distributable reserves130/1€400€400=
Reserves not available under the articles1311€400€400=
Profit (loss) carried forward14€-79k€-85k▼
Amounts payable17/49€120k€123k▲
Amounts payable within one year42/48€70k€70k=
Trade debts44€0-
Suppliers440/4€0-
Other amounts payable47/48€70k€70k=
Accrued charges and deferred income492/3€50k€53k▲
Income statement
Code20242025
Non-recurring operating income76A€360€0▼
Other operating charges640/8€528€544▲
Gross operating margin9900€-7k€-3k▲
Operating profit (loss)9901€-8k€-3k▲
Financial income75/76B€1k€652▼
Recurring financial income75€1k€652▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-10k€-6k▲
Profit (loss) for the period9904€-10k€-6k▲
Profit (loss) for the period to be appropriated9905€-10k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-85k▼
Profit (loss) brought forward from the previous period14P€-69k€-79k▼
The notes to these accounts (4 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
04-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 370 days late
2019
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2008
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.
Veerstraat 39031 GentGround area
1,541 m²
Building footprint
355 m²
Volume, LiDAR
2,134 m³
2 parcels, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Flanders Blue Square
since 20082.169.274.445
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017A0719/00C000 | Flanders | 1,211 m² | 1 · 182 m² | 7.3 m · 1 fl. |
| 44017B0391/00N000 | Flanders | 331 m² | 1 · 172 m² | 13.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PARQUET DE FLANDRE
BE 1017.207.029
Erpe-Mere · Eq €20k
Castelnovo
BE 0475.860.521
Bonheiden · Eq €22k
KIBO
BE 0793.283.123
Eupen · Eq €22k
RUNICA
BE 0789.317.209
Brussel · Eq €26k
PRO SOLS CONCEPT
BE 1017.194.260
Mons · Eq €28k
Of 75 companies in sector 47524 we hold annual accounts for 47. 25 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-12-2007
Fiscal year end31-12
Activities, NACEBEL
47524Retail trade
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.