BlueExpert
ActiveBlueExpert has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €193k and a net result of €-7k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 48% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-11
Solvency78▼-22
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 5.98 in 2024; short-term debt: 22% and cash: 20% of total assets), and 46.8% of the assets are financed with debt.
Credit advice 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
22 d late
2023
57 d late
2022
16 d late
2021
22 d late
2020
55 d late
2019
45 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€193k▼ 34.2%
2024 · €294k
2018: €245k
2019: €325k
2020: €299k
2021: €313k
2022: €340k
2023: €307k
2024: €294k
2018 → 2025
Total assets
€364k▼ 1.8%
2024 · €370k
2018: €478k
2019: €477k
2020: €430k
2021: €432k
2022: €411k
2023: €377k
2024: €370k
2018 → 2025
Net result
€-7k
2024 · €24k
2018: €87k
2019: €79k
2020: €-26k
2021: €15k
2022: €20k
2023: €5k
2024: €24k
2018 → 2025
Working capital
€7k▼ 93.5%
2024 · €104k
2018: €19k
2019: €72k
2020: €77k
2021: €114k
2022: €104k
2023: €89k
2024: €104k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€313k-€340k▲ 8.5%€307k▼ 9.6%€294k▼ 4.4%€193k▼ 34.2%
Operating result€16k-€27k▲ 63.1%€14k▼ 46.4%€38k▲ 166%€-4k
Net result€15k-€20k▲ 40.0%€5k▼ 76.8%€24k▲ 404%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €38k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364k
Fixed assets
€277k▲ 12.8%
Current assets
€87k▼ 30.5%
Equity and liabilities €364k
Equity
€193k▼ 34.2%
Debt
€170k▲ 122%
The debt ratio rises from 20.7% to 46.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€38k▼
2024 · €70k
Cash flow
€35k▼
2024 · €55k
Solvency
53.2%▼
2024 · 79.3%
Current ratio
1.09▼
2024 · 5.98
Quick ratio
1.09▼
2024 · 5.98
Debt / equity
0.88▲
2024 · 0.26
ROE
-3.9%▼
2024 · 8.1%
ROA
-2.0%▼
2024 · 6.4%
Interest coverage
26.49▲
2024 · 19.01
Debt
€170k▲
2024 · €77k
Debt ≤ 1 year
€80k▲
2024 · €21k
Debt > 1 year
€90k▲
2024 · €47k
Income taxes
€2k▼
2024 · €11k
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€370k€364k▼
Fixed assets21/28€246k€277k▲
Tangible fixed assets22/27€246k€277k▲
Land and buildings22€227k€207k▼
Plant, machinery and equipment23€15k€15k▲
Furniture and vehicles24€3k€55k▲
Current assets29/58€125k€87k▼
Amounts receivable within one year40/41€21k€14k▼
Trade receivables40€21k€14k▼
Cash at bank and in hand54/58€103k€73k▼
Deferred charges and accrued income490/1€783-
Equity and liabilities
Total equity and liabilities10/49€370k€364k▼
Equity10/15€294k€193k▼
Contributions10/11€19k€19k=
Reserves13€182k€182k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€38k€38k=
Distributable reserves133€143k€144k▲
Profit (loss) carried forward14€93k€-7k▼
Amounts payable17/49€77k€170k▲
Amounts payable after more than one year17€47k€90k▲
Financial debts170/4€47k€90k▲
Amounts payable within one year42/48€21k€80k▲
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€14k€8k▼
Taxes450/3€14k€8k▼
Other amounts payable47/48€49€67k▲
Accrued charges and deferred income492/3€8k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€42k▲
Other operating charges640/8€3k€6k▲
Gross operating margin9900€72k€44k▼
Operating profit (loss)9901€38k€-4k▼
Financial income75/76B€12€464▲
Recurring financial income75€12€464▲
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€35k€-5k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€24k€-7k▼
Profit (loss) for the period to be appropriated9905€24k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€131k€86k▼
Profit (loss) brought forward from the previous period14P€107k€93k▼
Profit to be distributed694/7€37k€93k▲
Return on contributions (dividend)694€37k€93k▲
The notes to these accounts (9 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 10.78
Current ratio from 4.26 to 10.78; short-term debt falls from €24k to €12k.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Weakest financial yearnet €-26k ▼133%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.60
Current ratio from 1.15 to 2.60; short-term debt falls from €122k to €45k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 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, Namur · 2 establishment units since 2015
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.
Chemin des Marronniers(WP) 155100 NamurGround area
2,903 m²
Building footprint
277 m²
Volume, LiDAR
1,410 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Chemin des Marronniers(WP) 15, 5100 Namur
since 20152.242.238.934
BlueExpert
since 20202.313.009.936
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135B0522/00_000 | Wallonia | 2,122 m² | 1 · 132 m² | 8.8 m · 2 fl. |
| 92135B0521/00G000 | Wallonia | 781 m² | 1 · 145 m² | 5.3 m · 1 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
MAGOCO
BE 1005.716.784
Oosterzele · Eq €193k
Roots Management
BE 0803.385.672
Schilde · Eq €193k
LELIMA PHARMA
BE 0691.649.590
Ottignies-Louvain-la-Neuve · Eq €193k
DQ-INVEST
BE 0881.367.932
Menen · Eq €193k
FRAHAN & ASSOCIATES
BE 0472.904.001
La Hulpe · Eq €193k
Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 40,157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.