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WHITE BLUE STABLE

Active
Public limited companyfounded 1989active for 37 yearsTarwelaan(Kor) 53, 8500 Kortrijk, BelgiumKBO/BCE: BE 0437.158.511
Summary

WHITE BLUE STABLE has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,047 and a net result of -€661. Equity is growing by about 7.2% per year across the filed financial years. Its solvency ranks better than 89% of 3,639 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Raising of sheep and goats
NACE 01450
4th oldest company in Kortrijk, Agriculture, forestry and fishing sector1 site
Size
€47,238total assets 2025
Equity
€39,047
Loss
-€661
Turnover not published (micro format)
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 150 days early0 of 5 deeds read
Why 94lowers riskFounded in 1989Sector: Crop and animal production, hunting and related service activities (NACE 01)Figures for financial year 2025 (filed 04-03-2026)Equity €39,047 (82.7% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (NACE 01, micro)
Financial strength · tick = 2024
Average
Solvency 100=
equity 82.7% of total assets
Liquidity 53+4
short-term debt 17.3% · cash 5.8%
Profitability 17+17
return on assets -1.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,684 companies, NACE 01, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.2%▲ +0.2 percentage points vs 04-2025highest value 06-2025: 0.2%● unchanged vs 05-2025highest value 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.2%● unchanged vs 07-2025highest value 09-2025: 0.2%● unchanged vs 08-2025highest value 10-2025: 0.2%● unchanged vs 09-2025highest value 11-2025: 0.2%● unchanged vs 10-2025highest value 12-2025: 0.2%● unchanged vs 11-2025highest value 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.1%▼ -0.1 percentage points vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 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
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity ample (current ratio 5.76, compared with 5.2 in 2024, above the usual 1.5; short-term debt: 17.3% and cash: 5.8% of total assets), and 17.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 01, micro): better than 92% on solvency, 57% on liquidity, 15% on profitability and 32% on growth.

The bankruptcy probability was computed on 14-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Sector: Crop and animal production, hunting and related service activities (NACE 01)
KBO
lowers risk · Figures for financial year 2025 (filed 04-03-2026)
NBB · annual accounts
lowers risk · Equity €39,047 (82.7% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€661
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 03-03-2026, 150 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
150 days early
2024
104 days early
2023
44 days early
2022
54 days early
2021
31 days late
2020
40 days early
2019
28 days early
← 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 56 days before the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% 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 7 June (4 of the last 5 filed years within 85 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Weakest financial yearnet -€11,974

Key points

  • Positive: Among the best 11% on solvencysector median 32.6% · 3,639 companies 82.7% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€661 View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Total assets
€47,238
Loss
-€661
Solvency
82.7%
Total assets▼ 3.6%
Net result
20182025
Go to Financials

Timeline

Events
41
Since
1990
Next accounts
by 31-07-2027
  1. 17-06-2024Annual accounts filed
  2. 07-06-2023Annual accounts filed
  3. 31-12-2022Liquidity more than 23 times
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Raising of sheep and goatsNACE 01450
Founded
28-03-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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