ACTIVE

BLENDWELL

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Financial year 2025 · closed on 30/09/2025

Net result

1,1 M €

-11.8% YoY

Gross margin

1,5 M €

-12.5% YoY

Equity

2,3 M €

+4.0% YoY

Workforce

5,0 ETP

-9.1% YoY

What does BLENDWELL do?

BLENDWELL is a Public limited company incorporated in 2000. Its main activity is: Manufacture of dyes and pigments. Its registered office is in Dour. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.309.025

Incorporation

20/11/2000

Legal form

Public limited company

Registered office

Rue Benoît 50
7370 Dour · WallonieSee on map

Contributed capital

297 600,00 €

Latest accounts

30/09/2025

Average workforce

5,0 ETP

Activities (NACE)

20120Manufacture of dyes and pigments· main 20120Manufacture of dyes and pigments 24120Manufacture of basic iron and steel and of ferro-alloys 46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles 51550Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1,5 M €	-12.5%	1,7 M €	-3.3%	1,8 M €	+1.7%	1,7 M €	+14.8%	1,5 M €	+28.3%	1,2 M €	+0.9%	1,2 M €	+32.5%	875 k €	+21.0%	722,8 k €	+35.6%	533 k €	-12.6%	609,6 k €	-1.1%	616,4 k €	+0.0%	616,2 k €	+2.7%	599,8 k €	-1.3%	607,6 k €	+0.6%	603,8 k €	+45.7%	414,3 k €	-4.6%	434,4 k €	-5.1%	457,9 k €	+6.9%	428,2 k €
EBITDA	1,1 M €	-16.6%	1,4 M €	+0.7%	1,3 M €	-3.1%	1,4 M €	+16.1%	1,2 M €	+32.3%	901,3 k €	-2.8%	927 k €	+49.2%	621,3 k €	+24.5%	499 k €	+68.5%	296 k €	-14.4%	345,8 k €	-12.4%	394,9 k €	+6.1%	372,3 k €	+0.1%	371,9 k €	+26.0%	295,1 k €	-18.9%	363,8 k €	+64.6%	221 k €	-8.6%	241,9 k €	-16.6%	290 k €	+2.8%	282,2 k €
Operating result	1,1 M €	-15.1%	1,3 M €	+1.2%	1,3 M €	-1.3%	1,3 M €	+18.3%	1,1 M €	+36.6%	815,4 k €	-2.8%	839,3 k €	+55.9%	538,2 k €	+31.7%	408,6 k €	+123%	183,3 k €	-20.8%	231,4 k €	-19.2%	286,5 k €	+4.9%	273,2 k €	+4.7%	260,8 k €	+19.5%	218,2 k €	-15.6%	258,4 k €	+151%	103 k €	-32.1%	151,8 k €	+28.5%	118,1 k €	+28.0%	92,3 k €
Net result	1,1 M €	-11.8%	1,2 M €	+0.4%	1,2 M €	-1.2%	1,2 M €	+20.4%	1 M €	+39.2%	740,3 k €	-1.9%	754,3 k €	+57.7%	478,4 k €	+43.7%	332,9 k €	+169%	123,6 k €	-14.9%	145,2 k €	-31.1%	210,6 k €	+3.6%	203,4 k €	-3.5%	210,7 k €	+30.2%	161,8 k €	-14.2%	188,6 k €	+140%	78,5 k €	-20.5%	98,7 k €	+13.0%	87,3 k €	+39.2%	62,8 k €
Balance sheet
Equity	2,3 M €	+4.0%	2,2 M €	+11.8%	1,9 M €	+13.0%	1,7 M €	+16.1%	1,5 M €	+13.6%	1,3 M €	+15.6%	1,1 M €	+20.2%	938,9 k €	+2.6%	914,8 k €	+5.6%	866,2 k €	+2.3%	847 k €	+2.5%	826,1 k €	+2.0%	809,8 k €	+6.5%	760,7 k €	+4.0%	731,2 k €	+3.6%	705,7 k €	+0.3%	703,6 k €	+0.7%	698,6 k €	+4.3%	669,7 k €	+3.0%	650,1 k €
Total assets	3,4 M €	+2.9%	3,3 M €	+6.1%	3,1 M €	+1.2%	3,1 M €	+19.8%	2,6 M €	+12.1%	2,3 M €	+13.1%	2 M €	+2.3%	2 M €	+6.9%	1,8 M €	+34.9%	1,4 M €	-21.8%	1,8 M €	-19.5%	2,2 M €	+36.6%	1,6 M €	-1.3%	1,6 M €	-7.5%	1,7 M €	+6.5%	1,6 M €	-16.8%	2 M €	+21.9%	1,6 M €	+14.5%	1,4 M €	-9.0%	1,5 M €
Cash	1,4 M €	+14.6%	1,2 M €	+58.7%	784,5 k €	-36.1%	1,2 M €	+112%	579,5 k €	-18.9%	714,9 k €	+49.0%	479,9 k €	-13.6%	555,3 k €	-2.7%	571 k €	+174%	208,5 k €	+362%	45,1 k €	-77.0%	196,5 k €	-19.2%	243,2 k €	+98.5%	122,6 k €	-77.7%	549,8 k €	+177%	198,4 k €	-15.4%	234,5 k €	+60.5%	146,1 k €	-24.0%	192,1 k €	-7.5%	207,7 k €
Debts	1,1 M €	+0.7%	1,1 M €	-3.5%	1,2 M €	-13.9%	1,3 M €	+25.2%	1,1 M €	+10.3%	972,5 k €	+10.4%	881 k €	-13.1%	1 M €	+10.5%	917,3 k €	+91.0%	480,4 k €	-45.6%	883,8 k €	-33.4%	1,3 M €	+75.1%	757,6 k €	-8.3%	825,7 k €	-15.9%	982,3 k €	+9.4%	897,5 k €	-26.8%	1,2 M €	+40.7%	871,1 k €	+26.2%	690,1 k €	-18.3%	844,5 k €
Other
Workforce	5,0 ETP	-9.1%	5,5 ETP	0.0%	5,5 ETP		–		–		–		3,0 ETP	0.0%	3,0 ETP		–		3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 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 30/09/2025 · 2 active · 2 ended

Active mandates

BLENDWELL INVEST

Director · since 15 mai 2012 · until 09 février 2018 · 0880.518.092

Represented by DIDIER MURI

Active

DIDIER MURI

Managing director · since 15 mai 2012 · until 09 février 2018

Active

Ended mandates

BLENDWELL INVEST

Director · since 15 mai 2006 · until 15 mai 2012 · 0880.518.092

Represented by DIDIER MURI

Ended

DIDIER MURI

Managing director · since 15 mai 2006 · until 15 mai 2012

Ended

At this address

Other companies at this address

Company	CBE no.
Blendwell UTVA● Active	0693.925.132

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/04/2026	28/03/2025	15/04/2024	29/03/2023	23/02/2022	23/03/2021
General meeting	23/03/2026	27/03/2025	27/03/2024	27/03/2023	11/02/2022	12/02/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	23/03/2026	21/04/2026	French	PDF
Abridged model	30/09/2024	27/03/2025	28/03/2025	French	PDF
Abridged model	30/09/2023	27/03/2024	15/04/2024	French	PDF
Abridged model	30/09/2022	27/03/2023	29/03/2023	French	PDF
Abridged model	30/09/2021	11/02/2022	23/02/2022	French	PDF
Abridged model	30/09/2020	12/02/2021	23/03/2021	French	PDF
Abridged model	30/09/2019	14/02/2020	02/03/2020	French	PDF
Abridged modelCorrection	30/09/2018	08/02/2019	23/10/2019	French	PDF
Abridged model	30/09/2018	08/02/2019	27/02/2019	French	PDF
Abridged model	30/09/2017	09/02/2018	26/03/2018	French	PDF
Abridged model	30/09/2016	10/02/2017	09/03/2017	French	PDF
Abridged model	30/09/2015	12/02/2016	14/03/2016	French	PDF
Abridged model	30/09/2014	13/02/2015	11/03/2015	French	PDF
Abridged model	30/09/2013	14/02/2014	31/03/2014	French	PDF
Abridged model	30/09/2012	08/02/2013	25/02/2013	French	PDF
Abridged model	30/09/2011	06/03/2012	28/03/2012	French	PDF
Abridged model	30/09/2010	11/02/2011	01/03/2011	French	PDF
Abridged model	30/09/2009	12/02/2010	10/03/2010	French	PDF
Abridged model	30/09/2008	13/02/2009	27/04/2009	French	PDF
Abridged model	30/09/2007	08/02/2008	22/04/2008	French	PDF
Abridged model	30/09/2006	09/02/2007	11/07/2007	French	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 30/09/2025 · 2 active · 2 ended

Active mandates

BLENDWELL INVEST

Director · since 15 mai 2012 · until 09 février 2018 · 0880.518.092

Represented by DIDIER MURI

Active

DIDIER MURI

Managing director · since 15 mai 2012 · until 09 février 2018

Active

Ended mandates

BLENDWELL INVEST

Director · since 15 mai 2006 · until 15 mai 2012 · 0880.518.092

Represented by DIDIER MURI

Ended

DIDIER MURI

Managing director · since 15 mai 2006 · until 15 mai 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates12/03/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates06/06/2006
DEMISSIONS, NOMINATIONS
PDF
Registered office09/10/2002
SIEGE SOCIAL
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 20251,1 M €↓
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 20231,2 M €↓
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020740,3 k €↓
2019
Annual accounts 2019754,3 k €↑
2018
Annual accounts 2018478,4 k €↑
2017
Annual accounts 2017332,9 k €↑
2016
Annual accounts 2016123,6 k €↓
2015
Annual accounts 2015145,2 k €↓
2014
Annual accounts 2014210,6 k €↑
2013
Annual accounts 2013203,4 k €↓
2012
Annual accounts 2012210,7 k €↑
2011
Annual accounts 2011161,8 k €↓
2010
Annual accounts 2010188,6 k €↑
2009
Annual accounts 200978,5 k €↓
2008
Annual accounts 200898,7 k €↑
2007
Annual accounts 200787,3 k €↑
2006
Annual accounts 200662,8 k €
20/11/2000
IncorporationPublic 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

BLENDWELL

Overview

What does BLENDWELL 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