ACTIVE

De Blauwe Cluster (Blue Cluster)

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Financial year 2025 · Closed on 31/12/2025

Net result-54,6 k €-149,6 %over 1 year
Gross margin1,1 M €+4,1 %over 1 year
Equity853,2 k €-6,0 %over 1 year
Workforce11,7 ETP+6,4 %over 1 year

Identity

Source · BCE/KBO

De Blauwe Cluster (Blue Cluster) is a Non-profit organization incorporated in 2017. Its main activity is: Management consultancy activities. Its registered office is in Oostende. It employs on average 11,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0675.740.206
Incorporation
16/05/2017
Legal form
Non-profit organization
Registered office
Wetenschapspark 1
8400 Oostende · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
11,7 ETP
Joint committees (3)
  • 200
  • 32901
  • 335
Signals
Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 8 filings

Trend over 7 financial years

20252024202320222021
Income statement
Gross margin1,1 M €1 M €1,3 M €1,1 M €747,9 k €
EBITDA-28,4 k €133,3 k €80,1 k €-25,5 k €194,2 k €
Operating result-40,3 k €122,7 k €72,2 k €-26,5 k €192,5 k €
Net result-54,6 k €110,1 k €63,7 k €-30,2 k €189,2 k €
Balance sheet
Equity853,2 k €907,8 k €797,7 k €734 k €764,2 k €
Total assets1,4 M €1,4 M €1,3 M €1,3 M €1 M €
Cash311,8 k €886 k €1,1 M €1,1 M €900,5 k €
Debts300,5 k €322 k €366,5 k €286,8 k €165,3 k €
Other
Workforce11,7 ETP11,0 ETP10,7 ETP9,6 ETP7,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 6 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Frank Gielen
Voorzitter van het bestuursorgaan23/05/2025 → 22/05/2028
MULTI.engineering Industrie, Bouw & Infra0435.912.159Represented by Niko Fierens
Director11/06/2023 → 11/06/2026Bestuurder11/06/2020 → 2022 accountsendedMandate11/06/2020 → 2021 accountsended
24SEA0647.827.762
Director06/02/2023 → 22/05/2026Bestuurderlisted until the 2022 accountsended
Haven van Antwerpen - Brugge0248.399.380Represented by Guy Janssens
Director24/01/2023 → 23/01/2026Bestuurder24/01/2020 → 2022 accountsended
Jozef Smits
Director24/01/2023 → 23/01/2026bestuurder24/01/2020 → 2022 accountsended
TRACTEBEL ENGINEERING0412.639.681Represented by Eric Van Celst
Director24/09/2018 → 27/05/2027Bestuurder24/09/2018 → 2022 accountsendedMandate16/05/2017 → 2019 accountsended
DREDGING, ENVIRONMENTAL & MARINE ENGINEERING0400.473.705Represented by Alain Bernard
Director24/09/2018 → 22/05/2026Mandate24/09/2018 → 2020 accountsendedBestuurder24/09/2018 → 2022 accountsended
Jan De Nul0406.041.406Represented by Bernard Malherbe
Director24/09/2018 → 27/05/2027Mandate24/09/2018 → 2020 accountsendedBestuurder24/09/2018 → 2022 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jos Smits
Chairman of the board of directors24/01/2020 → 2021 accounts
Colruyt Group0400.378.485Represented by Wannes Voorend
Mandate24/09/2018 → 2020 accountsBestuurder24/09/2018 → 2022 accounts

Other companies at this address

Wetenschapspark 1 8400 Oostende
CompanyCBE no.
ARENIS● Active
1009.733.772
BLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM● Active
0859.607.565
Blue Power Synergy● Active
0662.725.477
BOC - Belgian Offshore Cluster● Active
0628.890.788
E.J.L. ExAct● Active
0846.380.626
HADDA INTERNATIONAL GROUP (HIG) BELGIE● Bankrupt
0848.364.077
LDS● Active
0885.592.380
Medexon● Active
0743.962.284
OSTEND PROPERTIES● Active
0845.514.950
OSTEND SCIENCE PARK● Active
0713.874.765
UXSOlutions● Active
0436.240.474

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date25/06/202627/06/202503/10/202430/06/202326/07/202230/08/2021
General meeting28/05/202623/05/202523/05/202401/06/202322/06/202215/06/2021
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, 8 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/05/202625/06/2026DutchPDF
Abridged model31/12/202423/05/202527/06/2025DutchPDF
Abridged model31/12/202323/05/202403/10/2024DutchPDF
Abridged modelCorrection31/12/202201/06/202330/06/2023DutchPDF
Abridged model31/12/202201/06/202321/06/2023DutchPDF
Abridged model31/12/202122/06/202226/07/2022DutchPDF
Abridged model31/12/202015/06/202130/08/2021DutchPDF
Abridged model31/12/201911/06/202004/08/2020DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 6 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Frank Gielen
Voorzitter van het bestuursorgaan23/05/2025 → 22/05/2028
MULTI.engineering Industrie, Bouw & Infra0435.912.159Represented by Niko Fierens
Director11/06/2023 → 11/06/2026Bestuurder11/06/2020 → 2022 accountsendedMandate11/06/2020 → 2021 accountsended
24SEA0647.827.762
Director06/02/2023 → 22/05/2026Bestuurderlisted until the 2022 accountsended
Haven van Antwerpen - Brugge0248.399.380Represented by Guy Janssens
Director24/01/2023 → 23/01/2026Bestuurder24/01/2020 → 2022 accountsended
Jozef Smits
Director24/01/2023 → 23/01/2026bestuurder24/01/2020 → 2022 accountsended
TRACTEBEL ENGINEERING0412.639.681Represented by Eric Van Celst
Director24/09/2018 → 27/05/2027Bestuurder24/09/2018 → 2022 accountsendedMandate16/05/2017 → 2019 accountsended
DREDGING, ENVIRONMENTAL & MARINE ENGINEERING0400.473.705Represented by Alain Bernard
Director24/09/2018 → 22/05/2026Mandate24/09/2018 → 2020 accountsendedBestuurder24/09/2018 → 2022 accountsended
Jan De Nul0406.041.406Represented by Bernard Malherbe
Director24/09/2018 → 27/05/2027Mandate24/09/2018 → 2020 accountsendedBestuurder24/09/2018 → 2022 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jos Smits
Chairman of the board of directors24/01/2020 → 2021 accounts
Colruyt Group0400.378.485Represented by Wannes Voorend
Mandate24/09/2018 → 2020 accountsBestuurder24/09/2018 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/07/2026
    Ontslag en benoeming bestuurders/vaste vertegenwoordigers
    PDF
  • Mandates10/07/2025
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates29/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2020
    ONTSLAGEN - BENOEMINGEN
    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
Filings7 filings
Mandates
Frank Gielen
MULTI.engineering Industrie, Bouw & Infra
24SEA
Haven van Antwerpen - Brugge
Jozef Smits
DREDGING, ENVIRONMENTAL & MARINE ENGINEERING
Jan De Nul
TRACTEBEL ENGINEERING
Jos Smits
Colruyt Group
SCR - SIBELCO
SIOEN INDUSTRIES
201720182019202020212022202320242025202620272028
De Blauwe ClusterDe Blauwe Cluster (Blue Cluster) vzw
Wetenschapspark 1, 8400 Oostende
Voorzitter van het bestuursorgaan
DirectorBestuurder
Director
DirectorBestuurder
Directorbestuurder
DirectorBestuurder
DirectorBestuurder
DirectorBestuurder
Chairman of the board of directors
Bestuurder
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Wetenschapspark 1, 8400 OostendeCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00198389

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
De Blauwe Cluster (Blue Cluster)Current
CBE
De Blauwe Cluster
accounts 2021 → 2025
Accounts 2025 · 2026-00198389
De Blauwe Cluster (Blue Cluster) vzw
accounts 2019 → 2020
Accounts 2020 · 2021-57600166

Events

  1. 2025
    Annual accounts 2025-54,6 k €↓
  2. 2024
    Annual accounts 2024110,1 k €↑
  3. 2023
    Annual accounts 202363,7 k €↑
  4. 2022
    Annual accounts 2022-30,2 k €↓
  5. 2021
    Annual accounts 2021189,2 k €↑
  6. 2021
    Name changeDe Blauwe Cluster
  7. 2020
    Annual accounts 202065,6 k €↑
  8. 2019
    Annual accounts 2019-92,4 k €
  9. 16/05/2017
    IncorporationNon-profit organization