BLUFINANCE
BLUFINANCE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €455k and a net result of €57k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 8388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €455k |
| Net result | €57k |
| Better than sector | 38% |
| Active | 21 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 39.4% | 53.1% | |
| Net result | €57k | €38k | |
| Equity | €455k | €354k | |
| Gross operating margin | €103k | €87k | |
| Total assets | €1.15M | €923k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €103k | €122k | €178k | €63k |
| Net profit | €57k | €84k | €117k | €48k |
| Cash flow | €63k | €90k | €123k | €55k |
| Staff costs | - | - | - | - |
| Income taxes | €28k | €40k | €57k | €36k |
| Dividends | €50k | €48k | €48k | €30k |
| Total assets | €1.15M | €1.23M | €706k | €597k |
| Equity | €455k | €448k | €412k | €343k |
| Debt | €548k | €631k | €144k | €105k |
| of which ≤ 1y | €194k | €210k | €144k | €105k |
| of which > 1y | €354k | €420k | - | - |
| Working capital | €281k | €248k | €330k | €254k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.44 | 2.18 | 3.29 | 3.43 |
| Quick ratio | 2.44 | 2.18 | 3.29 | 3.43 |
| Working capital ratio | 24.3% | 20.1% | 46.7% | 42.6% |
| Solvency | 39.4% | 36.5% | 58.4% | 57.4% |
| Debt / equity | 1.21 | 1.41 | 0.35 | 0.30 |
| Long-term debt ratio | 0.78 | 0.94 | - | - |
| Interest coverage | 5.38 | 14.76 | 165.90 | 318.27 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 4.9% | 6.8% | 16.5% | 8.1% |
| ROE | 12.5% | 18.7% | 28.3% | 14.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.15M | €1.23M | €706k | €597k |
| Fixed assets | 21/28 | €678k | €771k | €232k | €238k |
| Tangible fixed assets | 22/27 | €11k | €14k | €17k | €23k |
| Financial fixed assets | 28 | €667k | €757k | €215k | €215k |
| Current assets | 29/58 | €475k | €458k | €474k | €359k |
| Amounts receivable within one year | 40/41 | €20k | €9k | €804 | €23k |
| Investments | 50/53 | €274k | €265k | €264k | €202k |
| Cash & bank | 54/58 | €95k | €80k | €84k | €59k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.15M | €1.23M | €706k | €597k |
| Equity | 10/15 | €455k | €448k | €412k | €343k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €314k | €307k | €271k | €202k |
| Accumulated profits (losses) | 14 | €134k | €134k | €134k | €134k |
| Provisions & deferred taxes | 16 | €150k | €150k | €150k | €150k |
| Amounts payable | 17/49 | €548k | €631k | €144k | €105k |
| Amounts payable after one year | 17 | €354k | €420k | - | - |
| Amounts payable within one year | 42/48 | €194k | €210k | €144k | €105k |
| Trade debts payable within one year | 44 | €11k | €6k | €7k | €5k |
| Income statement | |||||
| Gross operating margin | 9900 | €103k | €125k | €178k | €66k |
| Operating result | 9901 | €96k | €115k | €172k | €56k |
| Financial income | 75 | €8k | €17k | €3k | €29k |
| Financial charges | 65 | €19k | €8k | €1k | €199 |
| Result before taxes | 9903 | €85k | €124k | €173k | €85k |
| Income taxes | 67/77 | €28k | €40k | €57k | €36k |
| Net result for the period | 9904 | €57k | €84k | €117k | €48k |
| Result to be appropriated | 9905 | €57k | €84k | €117k | €48k |
Former directors (1)
-
ABOU RaphaëlDirector (executive)State Gazette act 24426661 (06-09-2024)Former- → 06-09-2024
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 14-10-2004 |
| Status | Active |
| Postal code | 1180 |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-09-2024 ABOU Raphaël resigns as director (executive)
- ABOU Raphaël, Directeur
Technical details
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}| Legal nameFR | BLUFINANCE |