De Blauwe Cluster (Blue Cluster)
0675.740.206 · rovalta.com · 25/09/2026
ACTIVE
De Blauwe Cluster (Blue Cluster)
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
Overview
Identity
Source · BCE/KBODe 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
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities94110Activities of business and employers membership organisations94110Activities of business and employers membership organisations70210Public relations and communication activities73110Advertising agencies+4
Joint committees (3)
- 200
- 32901
- 335
Signals
Solid equityLow riskGood liquidityHealthy social debts
Financials
Source · NBB, 8 filingsTrend over 7 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 1,1 M € | +4.1% | 1 M € | -17.9% | 1,3 M € | +18.2% | 1,1 M € | +43.1% | 747,9 k € |
| EBITDA | -28,4 k € | -121% | 133,3 k € | +66.4% | 80,1 k € | +415% | -25,5 k € | -113% | 194,2 k € |
| Operating result | -40,3 k € | -133% | 122,7 k € | +69.9% | 72,2 k € | +373% | -26,5 k € | -114% | 192,5 k € |
| Net result | -54,6 k € | -150% | 110,1 k € | +72.8% | 63,7 k € | +311% | -30,2 k € | -116% | 189,2 k € |
| Balance sheet | |||||||||
| Equity | 853,2 k € | -6.0% | 907,8 k € | +13.8% | 797,7 k € | +8.7% | 734 k € | -3.9% | 764,2 k € |
| Total assets | 1,4 M € | -1.8% | 1,4 M € | +11.1% | 1,3 M € | -2.9% | 1,3 M € | +30.3% | 1 M € |
| Cash | 311,8 k € | -64.8% | 886 k € | -19.7% | 1,1 M € | -1.2% | 1,1 M € | +24.1% | 900,5 k € |
| Debts | 300,5 k € | -6.7% | 322 k € | -12.2% | 366,5 k € | +27.8% | 286,8 k € | +73.4% | 165,3 k € |
| Other | |||||||||
| Workforce | 11,7 ETP | +6.4% | 11,0 ETP | +2.8% | 10,7 ETP | +11.5% | 9,6 ETP | +35.2% | 7,1 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20258 active · 32 ended
Active mandates
Frank Gielen
ActiveActive
Jozef Smits
ActiveActive
Active
Ended mandates
Other companies at this address
Wetenschapspark 1 8400 Oostende| Company | CBE no. |
|---|---|
ARENIS● Active | 1009.733.772 |
| 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 |
Financials
Full financial information
Source · NBB| 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 | 25/06/2026 | 27/06/2025 | 03/10/2024 | 30/06/2023 | 26/07/2022 | 30/08/2021 |
| General meeting | 28/05/2026 | 23/05/2025 | 23/05/2024 | 01/06/2023 | 22/06/2022 | 15/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 8 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 28/05/2026 | 25/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 23/05/2025 | 27/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 23/05/2024 | 03/10/2024 | Dutch | |
| Abridged modelCorrection | 31/12/2022 | 01/06/2023 | 30/06/2023 | Dutch | |
| Abridged model | 31/12/2022 | 01/06/2023 | 21/06/2023 | Dutch | |
| Abridged model | 31/12/2021 | 22/06/2022 | 26/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 15/06/2021 | 30/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 11/06/2020 | 04/08/2020 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20258 active · 32 ended
Active mandates
Frank Gielen
ActiveActive
Jozef Smits
ActiveActive
Active
Ended mandates
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates28/07/2026ONTSLAGEN - BENOEMINGEN
- Mandates10/07/2025ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates29/08/2024ONTSLAGEN - BENOEMINGEN
- Mandates06/09/2023ONTSLAGEN - BENOEMINGEN
- Mandates16/02/2023ONTSLAGEN - BENOEMINGEN
- Mandates12/07/2021ONTSLAGEN - BENOEMINGEN
- Mandates29/09/2020ONTSLAGEN - BENOEMINGEN
- Mandates22/07/2020ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-54,6 k €↓
- 2024Annual accounts 2024110,1 k €↑
- 2023Annual accounts 202363,7 k €↑
- 2022Annual accounts 2022-30,2 k €↓
- 2021Annual accounts 2021189,2 k €↑
- 2021Name changeDe Blauwe Cluster
- 2020Annual accounts 202065,6 k €↑
- 2019Annual accounts 2019-92,4 k €
- 2019Name changeDe Blauwe Cluster (Blue Cluster) vzw
- 16/05/2017IncorporationNon-profit organization