ACTIVE

BLUE BRAIN

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Financial year 2025 · Closed on 31/12/2025

Net result-3,8 M €-1 077,2 %over 1 year
Gross margin376,5 k €-18,9 %over 1 year
Equity21,5 M €-23,7 %over 1 year

Identity

Source · BCE/KBO

BLUE BRAIN is a Private limited company incorporated in 2013. Its main activity is: Management consultancy activities. Its registered office is in Chaudfontaine.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0525.731.684
Incorporation
04/04/2013
Legal form
Private limited company
Registered office
Rue Joseph Deflandre 172
4053 Chaudfontaine · WallonieSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidityPositive EBITDA

Financials

Source · NBB, 12 filings

Trend over 12 financial years

20252024202320222021
Income statement
Gross margin376,5 k €464,1 k €329,7 k €299,7 k €352,1 k €
EBITDA375 k €462,2 k €326,1 k €298,1 k €347,9 k €
Operating result375 k €462,2 k €320,2 k €292,2 k €321,9 k €
Net result-3,8 M €390,7 k €342,4 k €266,1 k €1,3 M €
Balance sheet
Equity21,5 M €28,2 M €28,4 M €28,7 M €30,8 M €
Total assets23,8 M €29 M €29,3 M €29,5 M €31 M €
Cash2,7 M €1,1 M €2,2 M €1,4 M €3,4 M €
Debts2,2 M €785,4 k €811,8 k €841,6 k €217,5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Michael CORHAY
Directorsince 06/12/2019Manager2019 accountsended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date26/05/202607/07/202522/08/202431/07/202304/08/202231/08/2021
General meeting18/05/202630/06/202528/06/202430/06/202315/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202518/05/202626/05/2026FrenchPDF
Micro model31/12/202430/06/202507/07/2025FrenchPDF
Micro model31/12/202328/06/202422/08/2024FrenchPDF
Micro model31/12/202230/06/202331/07/2023FrenchPDF
Micro model31/12/202115/06/202204/08/2022FrenchPDF
Micro model31/12/202015/06/202131/08/2021FrenchPDF
Micro model31/12/201915/06/202009/10/2020FrenchPDF
Micro model31/12/201815/06/201929/08/2019FrenchPDF
Micro model31/12/201715/06/201831/08/2018FrenchPDF
Micro model31/12/201615/06/201729/08/2017FrenchPDF
Abridged model31/12/201515/06/201622/08/2016FrenchPDF
Abridged model31/12/201415/06/201511/07/2015FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025

1 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Michael CORHAY
Directorsince 06/12/2019Manager2019 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates10/12/2019
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office24/02/2015
    SIEGE SOCIAL
    PDF
  • Other15/04/2013
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings12 filings
Mandates
Michael CORHAY
20132014201520162017201820192020202120222023202420252026
BLUE BRAIN
Rue Joseph Deflandre 172, 4053 Embourg
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue Joseph Deflandre 172, 4053 EmbourgCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00120033

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
BLUE BRAINCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00120033

Events

  1. 2025
    Annual accounts 2025-3,8 M €↓
  2. 2024
    Annual accounts 2024390,7 k €↑
  3. 2023
    Annual accounts 2023342,4 k €↑
  4. 2022
    Annual accounts 2022266,1 k €↓
  5. 2021
    Annual accounts 20211,3 M €↑
  6. 2020
    Annual accounts 2020103,4 k €↓
  7. 2019
    Annual accounts 201926,9 M €↑
  8. 2018
    Annual accounts 20182,4 M €↑
  9. 2017
    Annual accounts 201756,1 k €↑
  10. 2016
    Annual accounts 201640,7 k €↑
  11. 2015
    Annual accounts 201527,5 k €↓
  12. 2014
    Annual accounts 201435,1 k €
  13. 04/04/2013
    IncorporationPrivate limited company