ACTIVE

BLUE DEVELOPPEMENT PROPERTY

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Financial year 2024 · Closed on 31/12/2024

Net result-125 k €-141,4 %over 1 year

Gross margin-119,9 k €-129,9 %over 1 year

Equity872,8 k €-12,5 %over 1 year

Workforce0,4 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

BLUE DEVELOPPEMENT PROPERTY is a Private limited company incorporated in 1992. Its main activity is: Development of building projects. Its registered office is in Etterbeek. It employs on average 0,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0447.828.016
Incorporation: 30/06/1992
Legal form: Private limited company
Registered office: Avenue des Nerviens 67 box 20
1040 Etterbeek · BruxellesSee on map
Contributed capital: 182 000,00 €
Latest accounts: 31/12/2024
Average workforce: 0,4 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 18 financial years

	2024		2023		2022		2021		2019
Income statement
Gross margin	-119,9 k €	-130%	401,6 k €	+523%	-94,9 k €	-624%	18,1 k €	-95.1%	368,6 k €
EBITDA	-147,4 k €	-139%	373,5 k €	+411%	-119,9 k €	-664%	-15,7 k €	-108%	196,2 k €
Operating result	-157,4 k €	-144%	360,1 k €	+360%	-138,7 k €	-306%	-34,1 k €	-119%	179 k €
Net result	-125 k €	-141%	301,6 k €	+357%	-117,6 k €	-3603%	3,4 k €	-98.6%	236,5 k €
Balance sheet
Equity	872,8 k €	-12.5%	997,8 k €	-66.1%	2,9 M €	-3.8%	3,1 M €	+0.0%	3,1 M €
Total assets	1,4 M €	-22.1%	1,8 M €	-38.9%	3 M €	-3.2%	3,1 M €	-10.5%	3,5 M €
Cash	13,4 k €	-96.9%	430,7 k €	+180%	153,6 k €	-48.6%	298,7 k €	-27.0%	409,1 k €
Debts	553,2 k €	-33.7%	834,1 k €	+1552%	50,5 k €	+59.8%	31,6 k €	-91.2%	358,2 k €
Other
Workforce	0,4 ETP	0.0%	0,4 ETP	-20.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 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 31/12/2024

1 active · 18 ended

Active mandates

RAPHAEL HALBERTHAL

Director · since 23 novembre 2020

Active

Ended mandates

ISIDORE HALBERTHAL

Director · since 23 novembre 2020

Ended

Raphaeël HALBERTHAL

Manager · since 05 juillet 2016

Ended

Raphaël HALBERTHAL

Director · since 05 juillet 2016

Ended

Raphaël HALBERTHAL

Manager · since 05 juillet 2016

Ended

Other companies at this address

Avenue des Nerviens 67 1040 Etterbeek

Company	CBE no.
Association des copropriétaires de la Résidence Les Nerviens - Bloc B à Etterbeek , avenue des Nerviens 67● Active	0844.376.486

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/09/2025	04/10/2024	29/09/2023	17/10/2022	31/08/2021	19/11/2020
General meeting	23/09/2025	03/10/2024	05/06/2023	06/06/2022	07/06/2021	02/06/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	23/09/2025	23/09/2025	French	PDF
Abridged model	31/12/2023	03/10/2024	04/10/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	29/09/2023	French	PDF
Abridged model	31/12/2021	06/06/2022	17/10/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	19/11/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	14/10/2019	French	PDF
Abridged model	31/12/2017	31/10/2018	09/11/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	27/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	16/06/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	20/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	14/10/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	24/09/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	01/10/2007	French	PDF

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 31/12/2024

1 active · 18 ended

Active mandates

RAPHAEL HALBERTHAL

Director · since 23 novembre 2020

Active

Ended mandates

ISIDORE HALBERTHAL

Director · since 23 novembre 2020

Ended

Raphaeël HALBERTHAL

Manager · since 05 juillet 2016

Ended

Raphaël HALBERTHAL

Director · since 05 juillet 2016

Ended

Raphaël HALBERTHAL

Manager · since 05 juillet 2016

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/11/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Restructuring27/11/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring21/09/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates08/08/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/04/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/01/2013
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares19/06/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

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

See the Business plan

Timeline

2024
Annual accounts 2024-125 k €↓
2023
Annual accounts 2023301,6 k €↑
2022
Annual accounts 2022-117,6 k €↓
2021
Annual accounts 20213,4 k €↓
2019
Annual accounts 2019236,5 k €↑
2018
Annual accounts 201840,3 k €↑
2017
Annual accounts 2017-24,2 k €↓
2016
Annual accounts 2016-18,2 k €↑
2015
Annual accounts 2015-48,5 k €↑
2014
Annual accounts 2014-76,7 k €↓
2013
Annual accounts 2013184,4 k €↑
2012
Annual accounts 2012-339,1 k €↓
2011
Annual accounts 2011125,5 k €↑
2010
Annual accounts 201021,6 k €↓
2009
Annual accounts 2009149,7 k €↓
2008
Annual accounts 2008230 k €↓
2007
Annual accounts 2007350,5 k €↑
2006
Annual accounts 200618 k €
30/06/1992
IncorporationPrivate limited company

BLUE DEVELOPPEMENT PROPERTY

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline