ACTIVE

BLUTSQI

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Financial year 2025 · closed on 31/12/2025
Net result
379,7 k €
+89.6% YoY
Gross margin
1,3 M €
+33.6% YoY
Equity
1,1 M €
+15.6% YoY
Workforce
10,4 ETP
+16.9% YoY

What does BLUTSQI do?

BLUTSQI is a Private limited company incorporated in 1989. Its registered office is in Heist-op-den-Berg. It employs on average 10,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0439.227.579
Incorporation
15/12/1989
Legal form
Private limited company
Registered office
Heistse Hoekstraat 3A
2220 Heist-op-den-Berg · FlandreSee on map
Contributed capital
549 368,06 €
Latest accounts
31/12/2025
Average workforce
10,4 ETP
Joint committees (3)
  • 112
  • 200
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Gross margin1,3 M €989,9 k €843,5 k €665,9 k €448,5 k €386,2 k €424,6 k €478,7 k €463,1 k €341,9 k €231 k €304 k €264,9 k €228 k €188,1 k €238,2 k €213,9 k €184,4 k €
EBITDA606,5 k €398,9 k €278,2 k €180,1 k €30,6 k €26,2 k €85,6 k €78,6 k €82,7 k €-54,4 k €-135,1 k €70,4 k €119,2 k €77,5 k €112,4 k €170,6 k €113,1 k €90,4 k €
Operating result519,7 k €329 k €59,9 k €147,2 k €13,7 k €3,8 k €61,9 k €54 k €49,8 k €-84 k €-158,7 k €33,7 k €49,9 k €-5,7 k €36,2 k €101,2 k €39,3 k €41,3 k €
Net result379,7 k €200,2 k €390,4 €98,6 k €0,1 €3,4 k €64,4 k €55,8 k €51,9 k €-73,7 k €-156 k €51 k €83,9 k €-8,9 k €27,3 k €57,9 k €21,9 k €24,4 k €
Balance sheet
Equity1,1 M €991,3 k €866 k €865,6 k €767,1 k €767,6 k €1,2 M €604,9 k €549 k €497,1 k €570,8 k €726,7 k €675,7 k €266,9 k €275,8 k €248,5 k €190,5 k €178,6 k €
Total assets3,7 M €3,4 M €3,2 M €1,4 M €1,4 M €1,3 M €1,4 M €874,2 k €879,3 k €814,4 k €897,9 k €813,2 k €799,4 k €385,1 k €450,9 k €521,3 k €468,6 k €398,9 k €
Cash357,7 k €88,7 k €144,8 k €36,1 k €21,2 k €43,4 k €38,3 k €16,6 k €12,8 k €20,7 k €107,3 k €127,5 k €99,8 k €69,8 k €20,8 k €6,5 k €6,6 k €5,1 k €
Debts2,5 M €2,4 M €2,3 M €482,6 k €563,5 k €562,4 k €236,9 k €265,6 k €326,9 k €309 k €324,8 k €86,4 k €123,6 k €118,2 k €175,1 k €272,8 k €278 k €219,5 k €
Other
Workforce10,4 ETP8,9 ETP8,5 ETP7,5 ETP6,8 ETP5,8 ETP5,6 ETP6,5 ETP6,5 ETP6,4 ETP6,6 ETP6,8 ETP3,2 ETP4,1 ETP2,5 ETP3,0 ETP4,0 ETP4,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

LANACOM

Director · since 28 août 2012 · 0821.070.158

Represented by Smets PATRICK

Active

Ended mandates

LANACOM

Manager · since 28 août 2012 · 0821.070.158

Represented by Patrick SMETS

Ended
WIN CO

Manager · since 28 août 2012 · 0462.907.160

Represented by Wim LUMBEECK

Ended
Eddy VETS

Manager

Ended
LANACOM

Director · 0821.070.158

Represented by Smets Patrick

Ended
Annual accounts

Full financial information

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 date17/07/202625/07/202526/07/202403/07/202315/07/202220/08/2021
General meeting30/06/202630/06/202529/06/202428/06/202328/06/202230/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202617/07/2026DutchPDF
Abridged model31/12/202430/06/202525/07/2025DutchPDF
Abridged model31/12/202329/06/202426/07/2024DutchPDF
Abridged model31/12/202228/06/202303/07/2023DutchPDF
Abridged model31/12/202128/06/202215/07/2022DutchPDF
Abridged model31/12/202030/07/202120/08/2021DutchPDF
Abridged model31/12/201903/07/202018/09/2020DutchPDF
Abridged model31/12/201821/05/201930/08/2019DutchPDF
Abridged model31/12/201715/05/201810/08/2018DutchPDF
Abridged model31/12/201616/05/201707/08/2017DutchPDF
Abridged model31/12/201517/05/201630/08/2016DutchPDF
Abridged model31/12/201419/05/201528/08/2015DutchPDF
Abridged model31/12/201320/05/201429/08/2014DutchPDF
Abridged model31/12/201225/06/201316/07/2013DutchPDF
Abridged model31/12/201115/05/201216/05/2012DutchPDF
Abridged model31/12/201017/05/201124/05/2011DutchPDF
Abridged model31/12/200918/05/201007/06/2010DutchPDF
Abridged model31/12/200819/05/200912/06/2009DutchPDF
Abridged model31/12/200720/05/200802/06/2008DutchPDF
Abridged model31/12/200615/05/200714/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 7 ended

Active mandates

LANACOM

Director · since 28 août 2012 · 0821.070.158

Represented by Smets PATRICK

Active

Ended mandates

LANACOM

Manager · since 28 août 2012 · 0821.070.158

Represented by Patrick SMETS

Ended
WIN CO

Manager · since 28 août 2012 · 0462.907.160

Represented by Wim LUMBEECK

Ended
Eddy VETS

Manager

Ended
LANACOM

Director · 0821.070.158

Represented by Smets Patrick

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/01/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares14/06/2018
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares14/06/2018
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates16/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/09/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/01/2012
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates03/06/2010
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025379,7 k €↑
  2. 2024
    Annual accounts 2024200,2 k €↑
  3. 2023
    Annual accounts 2023390,4 €↓
  4. 2022
    Annual accounts 202298,6 k €↑
  5. 2021
    Annual accounts 20210,1 €↓
  6. 2018
    Annual accounts 20183,4 k €↓
  7. 2017
    Annual accounts 201764,4 k €↑
  8. 2016
    Annual accounts 201655,8 k €↑
  9. 2015
    Annual accounts 201551,9 k €↑
  10. 2014
    Annual accounts 2014-73,7 k €↑
  11. 2013
    Annual accounts 2013-156 k €↓
  12. 2012
    Annual accounts 201251 k €↓
  13. 2011
    Annual accounts 201183,9 k €↑
  14. 2010
    Annual accounts 2010-8,9 k €↓
  15. 2009
    Annual accounts 200927,3 k €↓
  16. 2008
    Annual accounts 200857,9 k €↑
  17. 2007
    Annual accounts 200721,9 k €↓
  18. 2006
    Annual accounts 200624,4 k €
  19. 15/12/1989
    IncorporationPrivate limited company