BLENDWELL
ActiveSummary
BLENDWELL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.26M and a net result of €1.09M. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency92▲+1
Growth68=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.88 in 2024; short-term debt: 33.2% and cash: 42.1% of total assets), and 33.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
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
66.7%
Return on assets
32%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
33 d early
2023
15 d early
2022
32 d early
2021
66 d early
2020
38 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.44M▲ 4.9%
2018 · €3.28M
2018: €3.28M
2018 → 2019
EBIT margin
24.4%▲ 8.0pp
2018 · 16.4%
2018: 16.4%
2018 → 2019
Net result
€1.09M▼ 11.8%
2024 · €1.23M
2018: €478k
2019: €754k
2020: €740k
2021: €1.03M
2022: €1.24M
2023: €1.23M
2024: €1.23M
2018 → 2025
Working capital
€2.19M▲ 4.5%
2024 · €2.10M
2018: €839k
2019: €958k
2020: €1.16M
2021: €1.35M
2022: €1.61M
2023: €1.84M
2024: €2.10M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.48M-€1.72M▲ 16.1%€1.94M▲ 13.0%€2.18M▲ 11.8%€2.26M▲ 4.0%
Operating result€1.11M-€1.32M▲ 18.3%€1.30M▼ 1.3%€1.32M▲ 1.2%€1.12M▼ 15.1%
Net result€1.03M-€1.24M▲ 20.4%€1.23M▼ 1.2%€1.23M▲ 0.4%€1.09M▼ 11.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.39M
Fixed assets
€76k ▼ 10.1%
Current assets
€3.32M ▲ 3.2%
Equity and liabilities €3.39M
Equity
€2.26M ▲ 4.0%
Provisions
€6k =
Debt
€1.13M ▲ 0.7%
Debt's share of the balance-sheet total falls from 33.9% to 33.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.13M▼
2024 · €1.35M
Cash flow
€1.09M▼
2024 · €1.27M
Current ratio
2.95▲
2024 · 2.88
Quick ratio
2.20▲
2024 · 2.16
Debt to equity
0.50▼
2024 · 0.51
ROE
48.0%▼
2024 · 56.6%
ROA
32.0%▼
2024 · 37.3%
Interest coverage
273.18▲
2024 · 255.41
Debt ≤ 1 year
€1.13M▲
2024 · €1.12M
Income taxes
€34k▼
2024 · €80k
Staff costs
€343k▲
2024 · €325k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.30M€3.39M▲
Fixed assets21/28€84k€76k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€82k€74k▼
Land and buildings22€59k€58k▼
Plant, machinery and equipment23€24k€16k▼
Current assets29/58€3.21M€3.32M▲
Stocks and contracts in progress3€804k€837k▲
Stocks30/36€804k€837k▲
Amounts receivable within one year40/41€1.16M€1.05M▼
Trade receivables40€727k€602k▼
Other amounts receivable41€437k€451k▲
Cash at bank and in hand54/58€1.25M€1.43M▲
Equity and liabilities
Total equity and liabilities10/49€3.30M€3.39M▲
Equity10/15€2.18M€2.26M▲
Contributions10/11€298k€298k=
Capital10€298k€298k=
Issued capital100€298k€298k=
Reserves13€254k€254k=
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Tax-exempt reserves132€31k€31k=
Distributable reserves133€193k€193k=
Profit (loss) carried forward14€1.61M€1.70M▲
Investment grants15€11k€11k=
Provisions and deferred taxes16€6k€6k=
Deferred taxes168€6k€6k=
Amounts payable17/49€1.12M€1.13M▲
Amounts payable within one year42/48€1.12M€1.13M▲
Current portion of amounts payable after more than one year42€29k€27k▼
Trade debts44€39k€52k▲
Suppliers440/4€39k€52k▲
Taxes, remuneration and social security45€50k€46k▼
Remuneration and social security454/9€50k€46k▼
Other amounts payable47/48€1.00M€1.00M=
Income statement
Code20242025
Remuneration, social security and pensions62€325k€343k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€9k▼
Other operating charges640/8€20k€15k▼
Gross operating margin9900€1.70M€1.48M▼
Operating profit (loss)9901€1.32M€1.12M▼
Financial income75/76B€745€7k▲
Recurring financial income75€745€7k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€1.31M€1.12M▼
Transfer from deferred taxes780€384-
Income taxes67/77€80k€34k▼
Profit (loss) for the period9904€1.23M€1.09M▼
Profit (loss) for the period to be appropriated9905€1.23M€1.09M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.61M€2.70M▲
Profit (loss) brought forward from the previous period14P€1.38M€1.61M▲
Profit to be distributed694/7€1.00M€1.00M=
Directors or managers695€1.00M€1.00M=
Social balance
Average headcount (FTE)90875.55.0▼
The notes to these accounts (6 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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Equity above €2MEq €2.18M ▲11.8%
7 profitable years in a row build equity to €2.18M.
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Highest result since 2018net €1.24M ▲20.4%
Operating result €1.32M, net result €1.24M, both a record.
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Equity above €1MEq €1.13M ▲20.2%
2 profitable years in a row build equity to €1.13M.
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Dour · 1 establishment unit since 2000
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.
Rue Benoît 507370 DourGround area
5,531 m²
Building footprint
1,669 m²
Volume, LiDAR
13,472 m³
Parcel 53021A0533/00H000, Wallonia · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BLENDWELL SA
since 20002.095.042.523
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53021A0533/00H000 | Wallonia | 5,531 m² | 1 · 1,669 m² | 12.4 m · 3 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.
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Of 14 companies in sector 20120 we hold annual accounts for 8. 5 are within a factor 10 of this equity. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-11-2000
Fiscal year end30-09
Activities, NACEBEL 2025
20120Manufacture of chemicals and chemical products
46851Wholesale of industrial chemicals
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.