Result
€161,127 €161,127
Back in profit in 2025, after a loss of €29,108 in 2024.
Bellenblaaz
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €2.4m (2025)
€2.4m▲ 84.8%
lowest -€77,255 (2017)
€161,127▲ €190,235
peak €2.2m (2025)
€2.2m▲ 105%
€408,164▲ 42.3%
peak 37.4 FTE (2025)
37.4 FTE▲ 78.9%
Board19 names since 2020all names
12 directorsKarine Dewaele and 11 others
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Turnover from €212,624 to €385,551Gross margin from €1.3m to €2.4mBack to profit: €161,127Staff from 20.9 FTE to 37.4 FTEMerger: JoJo takes over t Valaartuintje 31-01Equity from €1.1m to €2.2m
Key points
from the 2025 annual accountsDebts
€408,164 ▲ 42.3%
Debts rose by €121,326 in 2025.
Investments
€1.4m 15.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 228.1% higher than in 2024.
Liquidity
3.03 was 1.54 in 2024
Short-term debts rose from €256,838 to €408,164.
Restructuring
2025
Merger with 't Valaartuintje. Merger on 31-01-2025.
Public support
€5.3m awarded from 2022 to 2025
Flemish support, mostly Subsidies voorschoolse kinderopvang.
Turnover +81%: merger
Checked score
96
Excellent
Financially stronger than 72% of small companies in social work without accommodation (NACE 88)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 589 companies (NACE 88, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026highest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €385,551, 37.4 FTE, total assets €2.7m
lowers risk
Legal form: non-profit association
Profit of €161,127 (financial year 2025)
Equity €2.2m (84.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, small). It does better than 88% of them on solvency, 20% on liquidity, 84% on profitability and 95% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Bellenblaaz has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Bellenblaaz itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Bellenblaaz. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.03 (1.54 in 2024), above the usual 1.5. Short-term debt is 15.4% and cash 1.6% of total assets. 15.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 €2.2m
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
36 days early
2023
91 days early
2022
49 days early
2021
46 days early
2020
54 days early
2019
38 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 88), the median for financial year 2024 was 24 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0430618434
Resignation: Julien Peeters (director)
Withdrawal: Julien Peeters (member) · General meeting of 02-06-2025 · Gazette deed
Merger: JoJo takes over t Valaartuintje
Company renamed from JoJo to Bellenblaaz · Gazette deed
5 directors appointed
Admissions: Corremans René, Lemmens Monica, Wouters Greet, Daelemans Petrus and Gyselinck Annick · Appointments: Corremans René, Lemmens Monica, Wouters Greet, Daelemans Petrus and Gyselinck Annick · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bellenblaaz Antwerp | €385,551 | 37.8% | 84.6% | 37.4 |
| Kinderopvang Ter Duinen Lommel | - | - | 89.5% | 37.6 |
| VRIJE KINDERDAGVERBLIJVEN ANTWERPEN Antwerp | €438,077 | -11.5% | 58.7% | 41.6 |
| KINDERDAGVERBLIJF BEREGOED Ghent | - | - | 73.3% | 40 |
| Emploi, Promotion de l'Agroalimentaire et du Tourisme transfrontaliers Tournai | - | - | 0.7% | 31.2 |
| Paideia Bruges | - | - | 54.5% | 38.5 |
| La Crèche de Valensart Liège | €598,138 | 0.9% | 80.1% | 42.4 |
Grey: the largest companies of the sector (social work without accommodation (NACE 88)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Bellenblaaz: day nurseries and crèches (NACE 88911). They are comparable in size and age: total assets between €1.9m and €3.1m, founded between 1978 and 1994.
Official details
Source: KBO- Status
- Active since 15-12-1984Normal situation
- Activity
- Day nurseries and crèchesNACE 88911
- Establishment units
- 2.214.221.1762020 Antwerp, since 01-05-2004
- 2.154.816.2972600 Antwerp, since 03-07-2006and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €2.7m▲ 91.8%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on Bellenblaaz
Bellenblaaz has existed since 1984. The gross margin grew from €692,281 in 2007 to €2.4m in 2025 and staff from 15 to 37.4 full-time equivalents.
The gross margin has grown every year since 2017. Solvency rose in 2025 from 79.3% to 84.6% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bellenblaaz
- What is the company number of Bellenblaaz?
- The company number of Bellenblaaz is 0430.618.434. The VAT number is the same number with BE in front: BE 0430.618.434.
- Where is Bellenblaaz based?
- The registered office is at Karel Mirystraat 2, 2020 Antwerp.Company details
- What does Bellenblaaz do?
- According to the KBO register, the main activity is day nurseries and crèches (NACE 88911).
- What is the legal form of Bellenblaaz?
- Bellenblaaz is a non-profit association (VZW).
- When was Bellenblaaz founded?
- Bellenblaaz was founded on 15-12-1984.
- Is Bellenblaaz still active?
- Yes, Bellenblaaz is an active enterprise in the KBO register.
- How many employees does Bellenblaaz have?
- Bellenblaaz had an average of 37.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Bellenblaaz?
- The turnover of Bellenblaaz was €385,551 in financial year 2025, according to the filed annual accounts.
- Is Bellenblaaz profitable?
- In financial year 2025, Bellenblaaz made a profit of €161,127.
- Where can I find the annual accounts of Bellenblaaz?
- Bellenblaaz filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bellenblaaz due?
- Bellenblaaz must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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