ACTIVE

BLUE NOTE

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Financial year 2024 · closed on 31/12/2024

Net result

603,6 k €

-56.4% YoY

Gross margin

58,3 k €

-80.4% YoY

Equity

5,3 M €

+12.8% YoY

What does BLUE NOTE do?

BLUE NOTE is a Private limited company incorporated in 1997. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Koekelberg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.960.439

Incorporation

07/02/1997

Legal form

Private limited company

Registered office

Rue des Archers 24 box 18
1081 Koekelberg · BruxellesSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Activities (NACE)

68201Rental and operating of own or leased real estate· main 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities 55203Holiday and other short-stay accommodation 55203Holiday and other short-stay accommodation+7

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	58,3 k €	-80.4%	297,9 k €	-75.6%	1,2 M €	+182%	431,8 k €	+39.3%	310,0 k €	-23.5%	405,3 k €	-16.5%	485,2 k €	+0.6%	482,4 k €	+36.9%	352,4 k €	+13.6%	310,3 k €	+43.4%	216,4 k €	+34.8%	160,5 k €	-28.0%	222,8 k €	+10.4%	201,8 k €	-30.9%	291,9 k €	-11.1%	328,2 k €	-56.9%	760,8 k €	+85.0%	411,2 k €	-1.7%	418,5 k €
EBITDA	3,6 k €	-98.7%	275,5 k €	-77.1%	1,2 M €	+190%	413,4 k €	+41.4%	292,5 k €	-24.2%	386,0 k €	-17.7%	468,8 k €	+0.9%	464,4 k €	+38.9%	334,4 k €	+17.8%	283,8 k €	+38.7%	204,6 k €	+35.2%	151,4 k €	-29.3%	214,2 k €	+54.3%	138,8 k €	-43.8%	247,2 k €	-12.6%	283,0 k €	-60.6%	717,8 k €	+94.9%	368,3 k €	-2.0%	375,6 k €
Operating result	-240,0 k €	-406%	78,5 k €	-92.1%	991,5 k €	+362%	214,5 k €	+105%	104,6 k €	-47.5%	199,0 k €	-30.3%	285,5 k €	+3.4%	276,2 k €	+71.9%	160,6 k €	+2.2%	157,2 k €	+69.3%	92,9 k €	+138%	39,1 k €	-75.8%	161,7 k €	+87.6%	86,2 k €	-55.6%	193,9 k €	-28.6%	271,6 k €	-61.5%	705,5 k €	+95.5%	360,8 k €	-2.0%	368,2 k €
Net result	603,6 k €	-56.4%	1,4 M €	+7.3%	1,3 M €	+238%	381,5 k €	+39.7%	273,1 k €	-31.4%	397,9 k €	-5.9%	423,1 k €	+11.3%	380,0 k €	+32.3%	287,2 k €	-22.0%	368,4 k €	+762%	42,7 k €	+378%	8,9 k €	-89.8%	87,4 k €	+314%	21,1 k €	-83.7%	129,5 k €	-30.7%	186,8 k €	-59.5%	460,7 k €	+92.9%	238,8 k €	-9.8%	264,9 k €
Balance sheet
Equity	5,3 M €	+12.8%	4,7 M €	+41.7%	3,3 M €	+9.6%	3,0 M €	+2.8%	2,9 M €	+2.5%	2,9 M €	+7.4%	2,7 M €	+11.4%	2,4 M €	+13.2%	2,1 M €	+10.5%	1,9 M €	+16.2%	1,7 M €	-1.0%	1,7 M €	-2.7%	1,7 M €	+5.4%	1,6 M €	+1.3%	1,6 M €	+1.9%	1,6 M €	+13.4%	1,4 M €	+49.0%	936,5 k €	+33.9%	699,5 k €
Total assets	5,6 M €	+8.6%	5,1 M €	+9.8%	4,7 M €	+24.8%	3,8 M €	-10.1%	4,2 M €	+11.4%	3,8 M €	-5.3%	4,0 M €	+2.5%	3,9 M €	+7.7%	3,6 M €	+5.0%	3,4 M €	+6.5%	3,2 M €	-5.2%	3,4 M €	+0.2%	3,4 M €	+1.6%	3,3 M €	-4.6%	3,5 M €	+89.8%	1,8 M €	+9.9%	1,7 M €	+46.4%	1,1 M €	+27.9%	892,0 k €
Cash	696,0 k €	-46.8%	1,3 M €	+144%	535,8 k €	+192%	183,6 k €	-78.1%	839,0 k €	+224%	258,7 k €	+1142%	20,8 k €	-61.2%	53,7 k €	-51.3%	110,4 k €	-52.9%	234,2 k €	+165%	88,3 k €	+35.3%	65,3 k €	-82.5%	373,5 k €	+44.5%	258,5 k €	-11.9%	293,5 k €	+190%	101,4 k €	-41.2%	172,5 k €		–		173,0 k €
Debts	278,9 k €	-37.0%	442,6 k €	-67.6%	1,4 M €	+88.7%	724,0 k €	-41.0%	1,2 M €	+40.3%	874,9 k €	-31.9%	1,3 M €	-12.1%	1,5 M €	-0.1%	1,5 M €	-2.0%	1,5 M €	-3.8%	1,6 M €	-9.2%	1,7 M €	+3.3%	1,7 M €	-2.0%	1,7 M €	-9.4%	1,9 M €	+658%	245,9 k €	-6.1%	262,0 k €	+33.8%	195,8 k €	+30.4%	150,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

Jos Van Campenhout

Director

Active

Ended mandates

ann de maeyer

Mandate

Ended

Ann De Maeyer

Director

Ended

jos van campenhout

Mandate

Ended

Jos Van Campenhout

Manager

Ended

At this address

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Papeti● Active	0782.382.697

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	09/10/2025	10/10/2024	09/10/2023	14/10/2022	27/10/2021	16/12/2020
General meeting	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021	15/12/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	05/05/2025	09/10/2025	French	PDF
Micro model	31/12/2023	06/05/2024	10/10/2024	French	PDF
Micro model	31/12/2022	02/05/2023	09/10/2023	French	PDF
Micro model	31/12/2021	02/05/2022	14/10/2022	French	PDF
Micro model	31/12/2020	03/05/2021	27/10/2021	French	PDF
Micro model	31/12/2019	15/12/2020	16/12/2020	French	PDF
Micro model	31/12/2018	06/05/2019	14/10/2019	French	PDF
Abridged model	31/12/2017	07/05/2018	03/10/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	23/07/2017	Dutch	PDF
Abridged modelCorrection	31/12/2015	30/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	18/07/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	25/08/2014	30/08/2014	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	17/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	03/11/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	02/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	28/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2024 · 1 active · 4 ended

Active mandates

Jos Van Campenhout

Director

Active

Ended mandates

ann de maeyer

Mandate

Ended

Ann De Maeyer

Director

Ended

jos van campenhout

Mandate

Ended

Jos Van Campenhout

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office31/01/2025
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring08/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Registered office02/02/2010
MAATSCHAPPELIJKE ZETEL
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

2024
Annual accounts 2024603,6 k €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 20221,3 M €↑
2021
Annual accounts 2021381,5 k €↑
2020
Annual accounts 2020273,1 k €↓
2019
Annual accounts 2019397,9 k €↓
2018
Annual accounts 2018423,1 k €↑
2017
Annual accounts 2017380,0 k €↑
2016
Annual accounts 2016287,2 k €↓
2015
Annual accounts 2015368,4 k €↑
2014
Annual accounts 201442,7 k €↑
2013
Annual accounts 20138,9 k €↓
2012
Annual accounts 201287,4 k €↑
2011
Annual accounts 201121,1 k €↓
2010
Annual accounts 2010129,5 k €↓
2009
Annual accounts 2009186,8 k €↓
2008
Annual accounts 2008460,7 k €↑
2007
Annual accounts 2007238,8 k €↓
2006
Annual accounts 2006264,9 k €
07/02/1997
IncorporationPrivate limited company

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

BLUE NOTE

Overview

What does BLUE NOTE do?

Trend over 19 financial years

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