ACTIVE

BLUE STAR

Financial year 2025 · Closed on 31/12/2025

Net result-59,4 k €+58,0 %over 1 year
Gross margin281,8 k €+31,1 %over 1 year
Equity880,4 k €-6,3 %over 1 year

Identity

Source · BCE/KBO

BLUE STAR is a Public limited company incorporated in 1929. Its main activity is: Manufacture of other wearing apparel and accessories. Its registered office is in Merelbeke-Melle.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0400.125.790
Incorporation
01/01/1929
Legal form
Public limited company
Registered office
Gontrode Heirweg 324
9090 Merelbeke-Melle · FlandreSee on map
Contributed capital
800 538,90 €
Latest accounts
31/12/2025
Joint committees (2)
  • 109
  • 215
Signals
Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 14 financial years

20252024202320222021
Income statement
Gross margin281,8 k €214,9 k €248,4 k €445,9 k €358,1 k €
EBITDA-29 k €-117,3 k €-122,2 k €105 k €62,7 k €
Operating result-36,3 k €-124,7 k €-139,5 k €37,1 k €-7,7 k €
Net result-59,4 k €-141,6 k €-153,4 k €14,4 k €-23 k €
Balance sheet
Equity880,4 k €939,8 k €1,1 M €1,2 M €1,2 M €
Total assets1,1 M €1,1 M €1,3 M €1,3 M €1,5 M €
Cash36,6 k €11,2 k €7,6 k €21,4 k €138,5 k €
Debts181,2 k €116,6 k €228,8 k €88,9 k €266,2 k €
Other
Workforce–11,6 ETP10,9 ETP10,4 ETP10,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Gudrun GHYS

Director · since 08 novembre 2019 · until 26 mai 2028

Active
BC MANAGEMENT

Managing director · since 28 mai 2010 · until 26 mai 2028 · 0826.081.593

Represented by CORTHALS Bernard

Active
MGSL

Managing director · since 28 mai 2010 · until 26 mai 2028 · 0826.081.494

Represented by CORTHALS Michel

Active

Ended mandates

Gudrun GHYS

Director · since 08 novembre 2019 · until 27 mai 2022

Ended
BC MANAGEMENT

Managing director · since 28 août 2010 · until 27 mai 2022 · 0826.081.593

Represented by Bernard CORTHALS

Ended
BC MANAGEMENT

Managing director · since 28 mai 2010 · until 27 mai 2022 · 0826.081.593

Represented by CORTHALS BERNARD

Ended
MGSL

Managing director · since 28 mai 2010 · until 27 mai 2022 · 0826.081.494

Represented by Michel CORTHALS

Ended

Other companies at this address

Gontrode Heirweg 324 9090 Merelbeke-Melle
CompanyCBE no.
BLUE STAR IMMO● Active
0770.223.649
GROEP BLUE STAR● Active
0684.516.528
leather company● Active
0402.155.466

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/06/202610/06/202504/06/202430/05/202309/06/202222/04/2021
General meeting29/05/202630/05/202531/05/202426/05/202327/05/202213/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202601/06/2026DutchPDF
Abridged model31/12/202430/05/202510/06/2025DutchPDF
Abridged model31/12/202331/05/202404/06/2024DutchPDF
Abridged model31/12/202226/05/202330/05/2023DutchPDF
Abridged model31/12/202127/05/202209/06/2022DutchPDF
Abridged model31/12/202013/04/202122/04/2021DutchPDF
Abridged model31/12/201915/04/202029/04/2020DutchPDF
Abridged model31/12/201810/04/201918/04/2019DutchPDF
Abridged model31/12/201725/05/201807/06/2018DutchPDF
Abridged model31/12/201626/05/201716/06/2017DutchPDF
Abridged model31/12/201527/05/201615/06/2016DutchPDF
Abridged model31/12/201429/05/201511/06/2015DutchPDF
Abridged model31/12/201330/05/201407/07/2014DutchPDF
Abridged model31/12/201231/05/201306/06/2013DutchPDF
Abridged model31/12/201125/05/201211/06/2012DutchPDF
Abridged model31/12/201027/05/201128/06/2011DutchPDF
Abridged model31/12/200928/05/201011/06/2010DutchPDF
Abridged model31/12/200829/05/200910/06/2009DutchPDF
Abridged model31/12/200730/05/200803/06/2008DutchPDF
Abridged model31/12/200625/05/200731/05/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Gudrun GHYS

Director · since 08 novembre 2019 · until 26 mai 2028

Active
BC MANAGEMENT

Managing director · since 28 mai 2010 · until 26 mai 2028 · 0826.081.593

Represented by CORTHALS Bernard

Active
MGSL

Managing director · since 28 mai 2010 · until 26 mai 2028 · 0826.081.494

Represented by CORTHALS Michel

Active

Ended mandates

Gudrun GHYS

Director · since 08 novembre 2019 · until 27 mai 2022

Ended
BC MANAGEMENT

Managing director · since 28 août 2010 · until 27 mai 2022 · 0826.081.593

Represented by Bernard CORTHALS

Ended
BC MANAGEMENT

Managing director · since 28 mai 2010 · until 27 mai 2022 · 0826.081.593

Represented by CORTHALS BERNARD

Ended
MGSL

Managing director · since 28 mai 2010 · until 27 mai 2022 · 0826.081.494

Represented by Michel CORTHALS

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office26/08/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring01/07/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring03/05/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates30/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/07/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/07/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares10/02/2011
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-59,4 k €↑
  2. 2024
    Annual accounts 2024-141,6 k €↑
  3. 2023
    Annual accounts 2023-153,4 k €↓
  4. 2022
    Annual accounts 202214,4 k €↑
  5. 2021
    Annual accounts 2021-23 k €↓
  6. 2014
    Annual accounts 201427,2 k €↓
  7. 2013
    Annual accounts 201327,5 k €↑
  8. 2012
    Annual accounts 20123,9 k €↓
  9. 2011
    Annual accounts 201194,8 k €↑
  10. 2010
    Annual accounts 201083,5 k €↓
  11. 2009
    Annual accounts 2009124,4 k €↓
  12. 2008
    Annual accounts 2008196,6 k €↑
  13. 2007
    Annual accounts 2007162,9 k €↑
  14. 2006
    Annual accounts 2006123,9 k €
  15. 01/01/1929
    IncorporationPublic limited company