ACTIVE

Les Bleuets

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Financial year 2025 · closed on 31/12/2025

Net result

-7,1 k €

-157.6% YoY

Revenue

183 k €

+1.1% YoY

Equity

844,1 k €

-0.9% YoY

Workforce

16,2 ETP

+3.2% YoY

What does Les Bleuets do?

Les Bleuets is a Non-profit organization incorporated in 1978. Its main activity is: Technical and vocational secondary education. Its registered office is in Amay. It employs on average 16,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.869.169

Incorporation

26/01/1978

Legal form

Non-profit organization

Registered office

Rue Chêneux(AMA) 16
4540 Amay · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

16,2 ETP

Activities (NACE)

85322Technical and vocational secondary education· main 88993Other social work activities without accommodation n.e.c.88995Other social work activities without accommodation n.e.c.

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	183 k €	+1.1%	181,1 k €	-4.3%	189,2 k €	+16.5%	162,5 k €	+48.2%	109,6 k €	+34.5%	81,5 k €	-43.8%	145 k €	-3.6%	150,5 k €	+3.3%	145,7 k €	-3.3%	150,6 k €	+7.5%	140,2 k €	+8.8%	128,8 k €	+23.6%	104,3 k €	+7.2%	97,3 k €	+1.6%	95,8 k €	+3.0%	93 k €	+4.5%	89 k €	-1.8%	90,6 k €	+5.1%	86,2 k €
EBITDA	17,3 k €	-57.2%	40,4 k €	-37.6%	64,8 k €	+125%	28,8 k €	+160%	-47,9 k €	-156%	85,1 k €	+70.8%	49,8 k €	-35.9%	77,7 k €	+8.2%	71,9 k €	+14.0%	63 k €	+93.7%	32,5 k €	-31.1%	47,2 k €	+5.1%	44,9 k €	+34.2%	33,5 k €	+202%	11,1 k €	-74.0%	42,7 k €	+9.3%	39 k €	-25.8%	52,6 k €	+611%	7,4 k €
Operating result	-40,4 k €	-137%	-17,1 k €	-476%	4,5 k €	+117%	-26,4 k €	+74.6%	-104 k €	-615%	20,2 k €	+267%	-12,1 k €	-154%	22,5 k €	+46.7%	15,3 k €	+641%	2,1 k €	+107%	-28,6 k €	-40.9%	-20,3 k €	+24.8%	-27 k €	+21.7%	-34,5 k €	+26.0%	-46,6 k €	-119%	-21,3 k €	-40.7%	-15,1 k €	-303%	-3,8 k €	+93.7%	-59,7 k €
Net result	-7,1 k €	-158%	12,4 k €	-62.3%	32,8 k €	+2967%	-1,1 k €	+98.5%	-78,8 k €	-257%	50,2 k €	+85.1%	27,1 k €	-53.2%	57,9 k €	-7.4%	62,5 k €	+53.1%	40,8 k €	+442%	7,5 k €	-78.9%	35,7 k €	+161%	13,7 k €	-21.5%	17,4 k €	+889%	1,8 k €	-95.8%	41,8 k €	+58.3%	26,4 k €	-41.3%	44,9 k €	+680%	-7,8 k €
Balance sheet
Equity	844,1 k €	-0.9%	851,8 k €	-1.5%	864,6 k €	+0.9%	857 k €	-3.0%	883,3 k €	-10.6%	987,8 k €	+2.0%	968 k €	-0.5%	973 k €	+2.7%	947,8 k €	+4.0%	910,9 k €	+1.9%	894,1 k €	-1.7%	909,3 k €	-0.0%	909,7 k €	-2.6%	934,2 k €	-2.2%	954,8 k €	-3.7%	991,2 k €	+2.7%	965 k €	+0.1%	964,2 k €	+0.9%	955,3 k €
Total assets	1,2 M €	-7.2%	1,3 M €	+0.3%	1,3 M €	+0.2%	1,3 M €	+7.3%	1,2 M €	-0.3%	1,2 M €	+2.8%	1,2 M €	+4.6%	1,1 M €	+3.0%	1,1 M €	+1.3%	1,1 M €	+3.4%	1 M €	-6.0%	1,1 M €	-1.5%	1,1 M €	-3.1%	1,2 M €	+1.9%	1,1 M €	-6.9%	1,2 M €	+7.3%	1,2 M €	+1.8%	1,1 M €	-2.7%	1,2 M €
Cash	808,3 k €	-10.5%	902,9 k €	+13.6%	794,8 k €	+0.8%	788,6 k €	+9.9%	717,9 k €	+2.0%	704 k €	+7.6%	654,5 k €	+10.5%	592,5 k €	+17.9%	502,4 k €	+34.6%	373,2 k €	-6.7%	400,1 k €	-2.4%	409,9 k €	+6.0%	386,8 k €	-3.1%	399,1 k €	+13.1%	352,8 k €	-13.7%	408,6 k €	+27.5%	320,4 k €	+16.6%	274,9 k €	+9.1%	252 k €
Debts	225,8 k €	-21.1%	286,1 k €	-8.0%	310,9 k €	+12.3%	276,9 k €	+46.5%	189 k €	-17.8%	229,9 k €	+11.7%	205,8 k €	+29.1%	159,4 k €	+5.2%	151,5 k €	-12.5%	173,2 k €	+12.0%	154,6 k €	-20.3%	194,1 k €	-12.6%	222 k €	-5.1%	233,9 k €	+21.6%	192,3 k €	-20.3%	241,3 k €	+31.2%	184 k €	+11.4%	165,2 k €	-19.7%	205,7 k €
Other
Workforce	16,2 ETP	+3.2%	15,7 ETP	+4.0%	15,1 ETP	-2.6%	15,5 ETP	+0.6%	15,4 ETP	+2.7%	15,0 ETP	-3.8%	15,6 ETP	+4.7%	14,9 ETP	-0.7%	15,0 ETP	+0.7%	14,9 ETP	-2.0%	15,2 ETP	+3.4%	14,7 ETP	+1.4%	14,5 ETP	0.0%	14,5 ETP	-6.5%	15,5 ETP	+3.3%	15,0 ETP	0.0%	15,0 ETP	0.0%	15,0 ETP	+7.1%	14,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 12 ended

Active mandates

Christine NICOLAS

Director

Active

Janine LEAU

Director

Active

Jean-Marie FOUARGES

Director

Active

Luc JONET

Director

Active

Marc CONTENT

Director

Active

Michèle COURARD

Mandate

Active

Xavier COSTER

Director

Active

Ended mandates

Alexandra KOURBATOFF

Mandate

Ended

André DESSART

Chairman of the board of directors

Ended

Brigitte LALLEMENT

Secrétaire

Ended

Elisabeth LAVIS

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/06/2026	28/05/2025	14/06/2024	12/06/2023	06/07/2022	07/07/2021
General meeting	04/06/2026	22/05/2025	13/06/2024	06/06/2023	21/06/2022	17/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	05/06/2026	French	PDF
Abridged model	31/12/2024	22/05/2025	28/05/2025	French	PDF
Abridged model	31/12/2023	13/06/2024	14/06/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	12/06/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	06/07/2022	French	PDF
Abridged model	31/12/2020	17/06/2021	07/07/2021	French	PDF
Abridged model	31/12/2019	28/07/2020	29/07/2020	French	PDF
Abridged model	31/12/2018	28/05/2019	13/06/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	14/05/2018	French	PDF
Abridged model	31/12/2016	02/05/2017	04/05/2017	French	PDF
Abridged model	31/12/2015	19/04/2016	21/04/2016	French	PDF
Abridged model	31/12/2014	07/05/2015	08/05/2015	French	PDF
Abridged model	31/12/2013	29/04/2014	05/05/2014	French	PDF
Abridged model	31/12/2012	23/04/2013	25/04/2013	French	PDF
Abridged model	31/12/2011	24/04/2012	25/04/2012	French	PDF
Abridged model	31/12/2010	26/04/2011	29/04/2011	French	PDF
Abridged model	31/12/2009	20/04/2010	21/04/2010	French	PDF
Abridged model	31/12/2008	21/04/2009	29/04/2009	French	PDF
Abridged model	31/12/2007	22/04/2008	09/05/2008	French	PDF
Abridged model	31/12/2006	27/03/2007	26/04/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 12 ended

Active mandates

Christine NICOLAS

Director

Active

Janine LEAU

Director

Active

Jean-Marie FOUARGES

Director

Active

Luc JONET

Director

Active

Marc CONTENT

Director

Active

Michèle COURARD

Mandate

Active

Xavier COSTER

Director

Active

Ended mandates

Alexandra KOURBATOFF

Mandate

Ended

André DESSART

Chairman of the board of directors

Ended

Brigitte LALLEMENT

Secrétaire

Ended

Elisabeth LAVIS

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/08/2026
Nominations.
PDF
Mandates13/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates29/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2018
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/06/2015
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-7,1 k €↓
2024
Annual accounts 202412,4 k €↓
2023
Annual accounts 202332,8 k €↑
2022
Annual accounts 2022-1,1 k €↑
2021
Annual accounts 2021-78,8 k €↓
2020
Annual accounts 202050,2 k €↑
2019
Annual accounts 201927,1 k €↓
2018
Annual accounts 201857,9 k €↓
2017
Annual accounts 201762,5 k €↑
2016
Annual accounts 201640,8 k €↑
2015
Annual accounts 20157,5 k €↓
2014
Annual accounts 201435,7 k €↑
2013
Annual accounts 201313,7 k €↓
2012
Annual accounts 201217,4 k €↑
2011
Annual accounts 20111,8 k €↓
2010
Annual accounts 201041,8 k €↑
2009
Annual accounts 200926,4 k €↓
2008
Annual accounts 200844,9 k €↑
2007
Annual accounts 2007-7,8 k €
26/01/1978
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Les Bleuets

Overview

What does Les Bleuets do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline