ACTIVE

Blue Open

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Financial year 2025 · closed on 31/12/2025

Net result

10 k €

+10.6% YoY

Gross margin

-6,4 k €

+14.8% YoY

Equity

751,2 k €

+1.4% YoY

What does Blue Open do?

Blue Open is a Public limited company incorporated in 2016. Its registered office is in Beveren-Kruibeke-Zwijndrecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0649.833.583

Incorporation

11/03/2016

Legal form

Public limited company

Registered office

Scheldedijk 30
2070 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

625 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	-6,4 k €	+14.8%	-7,5 k €	+36.9%	-11,9 k €	-120%	-5,4 k €	-15.4%	-4,7 k €	-18.9%	-3,9 k €	-112%	31,9 k €	+181%	-39,4 k €	-335%	16,8 k €
EBITDA	-6,5 k €	+14.2%	-7,6 k €	+36.5%	-12 k €	-118%	-5,5 k €	-15.1%	-4,8 k €	-8.6%	-4,4 k €	-114%	31,8 k €	+180%	-39,5 k €	-336%	16,7 k €
Operating result	-6,5 k €	+14.2%	-7,6 k €	+36.5%	-12 k €	-118%	-5,5 k €	-15.1%	-4,8 k €	-8.6%	-4,4 k €	-114%	31,8 k €	+180%	-39,5 k €	-336%	16,7 k €
Net result	10 k €	+10.6%	9,1 k €	+53.5%	5,9 k €	-44.0%	10,6 k €	-29.9%	15,1 k €	-15.8%	17,9 k €	-61.3%	46,3 k €	+430%	-14 k €	-155%	25,3 k €
Balance sheet
Equity	751,2 k €	+1.4%	741,2 k €	+1.2%	732,1 k €	+0.8%	726,2 k €	+1.5%	715,6 k €	+2.2%	700,5 k €	+2.6%	682,6 k €	+7.3%	636,3 k €	-2.2%	650,3 k €
Total assets	1,8 M €	+0.3%	1,8 M €	+0.5%	1,8 M €	+0.1%	1,8 M €	+1.5%	1,8 M €	-12.0%	2 M €	+4.4%	2 M €	+4.4%	1,9 M €	+20.5%	1,5 M €
Cash	154,8 k €	+5.4%	146,8 k €	+6.4%	137,9 k €	-0.2%	138,1 k €	+24.8%	110,7 k €	+2894%	3,7 k €	-81.3%	19,8 k €	-53.2%	42,2 k €	+752%	4,9 k €
Debts	1,1 M €	-0.4%	1,1 M €	-0.0%	1,1 M €	-0.4%	1,1 M €	+1.6%	1,1 M €	-19.5%	1,3 M €	+5.4%	1,3 M €	+3.0%	1,2 M €	+37.0%	898,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

Wolf Depraetere

Director · since 01 octobre 2024 · until 19 mai 2028

Active

Dirk Poppe

Director · since 20 mai 2022 · until 19 mai 2028

Active

Peter Garré

Director · since 20 mai 2022 · until 19 mai 2028

Active

Stefaan Martel

Director · since 20 mai 2022 · until 19 mai 2028

Active

Ended mandates

Johan Maes

Director · since 20 mai 2022 · until 01 octobre 2024

Ended

Johan Maes

Director · since 20 mai 2022 · until 19 mai 2028

Ended

Stefaan Martel

Director · since 17 mai 2019 · until 20 mai 2022

Ended

Piet Vervinckt

Director · since 18 mai 2018 · until 20 mai 2022

Ended

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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	19/05/2025	23/05/2024	06/06/2023	15/03/2023	28/05/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	18/05/2026	Dutch	PDF
Abridged model	31/12/2024	16/05/2025	19/05/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	23/05/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	15/03/2023	Dutch	PDF
Abridged model	31/12/2020	21/05/2021	28/05/2021	Dutch	PDF
Abridged model	31/12/2019	15/05/2020	11/06/2020	Dutch	PDF
Abridged model	31/12/2018	17/05/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	04/06/2018	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

Wolf Depraetere

Director · since 01 octobre 2024 · until 19 mai 2028

Active

Dirk Poppe

Director · since 20 mai 2022 · until 19 mai 2028

Active

Peter Garré

Director · since 20 mai 2022 · until 19 mai 2028

Active

Stefaan Martel

Director · since 20 mai 2022 · until 19 mai 2028

Active

Ended mandates

Johan Maes

Director · since 20 mai 2022 · until 01 octobre 2024

Ended

Johan Maes

Director · since 20 mai 2022 · until 19 mai 2028

Ended

Stefaan Martel

Director · since 17 mai 2019 · until 20 mai 2022

Ended

Piet Vervinckt

Director · since 18 mai 2018 · until 20 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other31/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2018
ONTSLAGEN - BENOEMINGEN
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 202510 k €↑
2024
Annual accounts 20249,1 k €↑
2023
Annual accounts 20235,9 k €↓
2022
Annual accounts 202210,6 k €↓
2021
Annual accounts 202115,1 k €↓
2020
Annual accounts 202017,9 k €↓
2019
Annual accounts 201946,3 k €↑
2018
Annual accounts 2018-14 k €↓
2017
Annual accounts 201725,3 k €
11/03/2016
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

Blue Open

Overview

What does Blue Open do?

Trend over 9 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