ACTIVE

BLEAU

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Financial year 2025 · closed on 31/12/2025

Net result

728,2 k €

-20.8% YoY

Gross margin

1,8 M €

-9.1% YoY

Equity

1,1 M €

-63.3% YoY

Workforce

14,0 ETP

+9.4% YoY

What does BLEAU do?

BLEAU is a Private limited company incorporated in 2000. Its main activity is: Gambling and betting activities. Its registered office is in Gent. It employs on average 14,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.702.972

Incorporation

07/09/2000

Legal form

Private limited company

Registered office

Campinglaan 2
9000 Gent · FlandreSee on map

Contributed capital

35 000,04 €

Latest accounts

31/12/2025

Average workforce

14,0 ETP

Activities (NACE)

92612Gambling and betting activities· main 93110Operation of sports facilities 93110Operation of sports facilities 93130Fitness facilities 93130Fitness facilities 55302Camping grounds, recreational vehicle parks and trailer parks+2

Joint committees (1)

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,8 M €	-9.1%	1,9 M €	+12.9%	1,7 M €	+5.8%	1,6 M €	+52.2%	1,1 M €	+40.4%	758,2 k €	-48.0%	1,5 M €	+9.3%	1,3 M €	+17.8%	1,1 M €	-6.4%	1,2 M €	+16.5%	1 M €	+68.5%	616 k €	+195%	209,2 k €	-60.3%	527,3 k €	+34.5%	392,1 k €	+57.3%	249,3 k €	-12.2%	284,1 k €	+86.1%	152,7 k €	+27.7%	119,5 k €	+110%	57 k €
EBITDA	1,1 M €	-16.2%	1,3 M €	+19.9%	1,1 M €	+7.0%	1 M €	+18.7%	850,8 k €	+38.6%	613,9 k €	-48.6%	1,2 M €	+10.6%	1,1 M €	+25.2%	862 k €	-7.2%	928,8 k €	+34.4%	691,2 k €	+51.1%	457,5 k €	+368%	97,8 k €	-76.7%	420 k €	+44.4%	290,8 k €	+55.6%	187 k €	-16.7%	224,4 k €	+95.3%	114,9 k €	+32.0%	87 k €	+210%	28,1 k €
Operating result	874,9 k €	-19.4%	1,1 M €	+33.4%	813,3 k €	+10.0%	739,7 k €	+14.8%	644,1 k €	+52.1%	423,4 k €	-53.7%	914,3 k €	+21.7%	751,5 k €	+35.7%	553,9 k €	-8.8%	607,5 k €	+67.3%	363 k €	+62.3%	223,7 k €	+512%	36,5 k €	-89.9%	360,1 k €	+43.3%	251,3 k €	+48.5%	169,3 k €	-16.6%	202,9 k €	+115%	94,2 k €	+28.8%	73,1 k €	+261%	20,2 k €
Net result	728,2 k €	-20.8%	919,9 k €	+29.5%	710,1 k €	+26.5%	561,2 k €	+4.0%	539,8 k €	+57.0%	343,7 k €	-43.9%	613,1 k €	+20.8%	507,7 k €	+48.5%	342 k €	-9.7%	378,9 k €	+51.4%	250,3 k €	+55.6%	160,8 k €	+335%	37 k €	-85.3%	252 k €	+42.8%	176,5 k €	+42.9%	123,5 k €	-13.1%	142,1 k €	+115%	66 k €	+34.3%	49,1 k €	+260%	13,6 k €
Balance sheet
Equity	1,1 M €	-63.3%	3,1 M €	-1.7%	3,2 M €	-2.8%	3,3 M €	-11.7%	3,7 M €	+15.3%	3,2 M €	+10.0%	2,9 M €	+25.4%	2,3 M €	+25.5%	1,8 M €	-33.6%	2,8 M €	+17.3%	2,4 M €	+69.3%	1,4 M €	+51.8%	921,8 k €	+4.2%	884,8 k €	+39.8%	632,8 k €	+38.7%	456,3 k €	+37.1%	332,8 k €	+74.5%	190,7 k €	+52.9%	124,7 k €	+65.0%	75,6 k €
Total assets	2,1 M €	-57.0%	4,8 M €	+2.4%	4,7 M €	+3.2%	4,5 M €	+2.7%	4,4 M €	+12.0%	3,9 M €	+5.6%	3,7 M €	+14.3%	3,3 M €	-26.7%	4,5 M €	+7.9%	4,1 M €	+5.0%	3,9 M €	+45.2%	2,7 M €	+121%	1,2 M €	+25.5%	973,5 k €	+45.0%	671,5 k €	+39.2%	482,3 k €	+36.5%	353,3 k €	+62.3%	217,7 k €	+42.0%	153,3 k €	+15.5%	132,7 k €
Cash	124,4 k €	-52.3%	260,8 k €	+98.2%	131,6 k €	-94.4%	2,4 M €	+121%	1,1 M €	-35.8%	1,7 M €	+17.9%	1,4 M €	+141%	585,7 k €	-66.5%	1,7 M €	+54.8%	1,1 M €	+30.7%	864,3 k €	+561%	130,7 k €	-85.3%	887,4 k €	+10.3%	804,6 k €	+285%	209 k €	+24.9%	167,4 k €	+462%	29,8 k €	+174%	10,9 k €	-88.3%	93 k €	+14.9%	80,9 k €
Debts	662,9 k €	-49.3%	1,3 M €	+17.0%	1,1 M €	+30.8%	854,8 k €	+208%	277,6 k €	+4.0%	267 k €	-16.9%	321,4 k €	-24.7%	427,1 k €	-79.3%	2,1 M €	+158%	798 k €	-22.2%	1 M €	-10.2%	1,1 M €	+2206%	49,5 k €	-44.1%	88,7 k €	+129%	38,7 k €	+49.2%	25,9 k €	+26.1%	20,5 k €	-24.0%	27 k €	-5.4%	28,6 k €	-50.0%	57,1 k €
Other
Workforce	14,0 ETP	+9.4%	12,8 ETP	-15.8%	15,2 ETP	+35.7%	11,2 ETP	+25.8%	8,9 ETP	+11.3%	8,0 ETP	+14.3%	7,0 ETP	-9.1%	7,7 ETP	+2.7%	7,5 ETP	+7.1%	7,0 ETP	-18.6%	8,6 ETP	+95.5%	4,4 ETP	+37.5%	3,2 ETP	+6.7%	3,0 ETP	-9.1%	3,3 ETP	+57.1%	2,1 ETP	0.0%	2,1 ETP	+61.5%	1,3 ETP	+8.3%	1,2 ETP	0.0%	1,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Forino Climbing Partners

Director · since 04 août 2025 · 1025.590.007

Represented by Van Hecke Jan

Active

Lieven De Vlaminck

Director · since 28 juillet 2022

Active

Ended mandates

Jan Van Hecke

Director · since 28 juillet 2022

Ended

Koen Baekelandt

Director · since 28 juillet 2022

Ended

BERT TOON GEERINCKX

Manager · since 24 septembre 2006

Ended

Bert Geerinckx

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
Bleau Climbing Team● Active	0891.430.592
Perssonal● Active	1014.534.777

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	18/05/2026	09/07/2025	30/07/2024	19/07/2023	26/07/2022	27/08/2021
General meeting	11/05/2026	30/06/2025	29/06/2024	02/05/2023	02/05/2022	03/05/2021
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	11/05/2026	18/05/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	09/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	02/05/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/05/2020	06/10/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/05/2018	17/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	08/09/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	20/08/2014	Dutch	PDF
Abridged model	31/12/2012	02/05/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	26/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	17/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	24/08/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 4 ended

Active mandates

Forino Climbing Partners

Director · since 04 août 2025 · 1025.590.007

Represented by Van Hecke Jan

Active

Lieven De Vlaminck

Director · since 28 juillet 2022

Active

Ended mandates

Jan Van Hecke

Director · since 28 juillet 2022

Ended

Koen Baekelandt

Director · since 28 juillet 2022

Ended

BERT TOON GEERINCKX

Manager · since 24 septembre 2006

Ended

Bert Geerinckx

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/09/2026
Ontslag
PDF
Mandates27/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other22/12/2023
WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
PDF
Mandates24/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/11/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/10/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2004
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025728,2 k €↓
2024
Annual accounts 2024919,9 k €↑
2023
Annual accounts 2023710,1 k €↑
2022
Annual accounts 2022561,2 k €↑
2021
Annual accounts 2021539,8 k €↑
2020
Annual accounts 2020343,7 k €↓
2019
Annual accounts 2019613,1 k €↑
2018
Annual accounts 2018507,7 k €↑
2017
Annual accounts 2017342 k €↓
2016
Annual accounts 2016378,9 k €↑
2015
Annual accounts 2015250,3 k €↑
2014
Annual accounts 2014160,8 k €↑
2013
Annual accounts 201337 k €↓
2012
Annual accounts 2012252 k €↑
2011
Annual accounts 2011176,5 k €↑
2010
Annual accounts 2010123,5 k €↓
2009
Annual accounts 2009142,1 k €↑
2008
Annual accounts 200866 k €↑
2007
Annual accounts 200749,1 k €↑
2006
Annual accounts 200613,6 k €
07/09/2000
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

BLEAU

Overview

What does BLEAU do?

Trend over 20 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