ACTIVE

Blue Projects

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Financial year 2025 · closed on 31/12/2025
Net result
71,7 k €
+42.0% YoY
Gross margin
601 k €
-28.7% YoY
Equity
308 k €
+30.3% YoY

What does Blue Projects do?

Blue Projects is a Private limited company incorporated in 2017. Its main activity is: Management consultancy activities. Its registered office is in Mechelen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0676.893.318
Incorporation
16/06/2017
Legal form
Private limited company
Registered office
Schaliënhoevedreef 20 box A
2800 Mechelen · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin601 k €842,8 k €644,7 k €503 k €571,8 k €774,4 k €571 k €126,3 k €-3,6 k €
EBITDA135,2 k €255,2 k €72,1 k €194,9 k €148,2 k €37,5 k €74,6 k €-1,9 k €-16,2 k €
Operating result119,6 k €95,4 k €36,7 k €164,3 k €116,2 k €5,3 k €49,8 k €-4,9 k €-16,2 k €
Net result71,7 k €50,5 k €2,4 k €103 k €72,3 k €-11 k €36,5 k €-7,3 k €-16,3 k €
Balance sheet
Equity308 k €236,4 k €185,9 k €183,5 k €80,5 k €8,2 k €19,1 k €-17,3 k €-10,1 k €
Total assets5,5 M €5,1 M €5,3 M €5,1 M €4,7 M €3,5 M €639,5 k €229,6 k €5,1 k €
Cash142,6 k €3,9 k €17,7 k €3,6 k €41 k €59,7 k €33,4 k €23,4 k €4,9 k €
Debts5,1 M €4,8 M €5 M €4,8 M €4,5 M €3,1 M €618,5 k €244,7 k €15,2 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 · 1 active · 2 ended

Active mandates

UMUT DEMIRCAN

Director · since 16 juin 2017

Active

Ended mandates

UMUT DEMIRCAN

Mandate

Ended
UMUT DEMIRCAN

Director

Ended
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Annual accounts

Full financial information

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 date12/08/202624/09/202529/07/202421/08/202308/08/202209/08/2021
General meeting19/06/202630/06/202530/06/202430/06/202330/06/202210/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202519/06/202612/08/2026DutchPDF
Micro model31/12/202430/06/202524/09/2025DutchPDF
Micro model31/12/202330/06/202429/07/2024DutchPDF
Micro model31/12/202230/06/202321/08/2023DutchPDF
Micro model31/12/202130/06/202208/08/2022DutchPDF
Micro model31/12/202010/07/202109/08/2021DutchPDF
Micro model31/12/201928/08/202015/09/2020DutchPDF
Micro model31/12/201831/05/201927/06/2019DutchPDF
Micro model31/12/201725/05/201813/07/2018DutchPDF
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 · 1 active · 2 ended

Active mandates

UMUT DEMIRCAN

Director · since 16 juin 2017

Active

Ended mandates

UMUT DEMIRCAN

Mandate

Ended
UMUT DEMIRCAN

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/06/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202571,7 k €↑
  2. 2024
    Annual accounts 202450,5 k €↑
  3. 2023
    Annual accounts 20232,4 k €↓
  4. 2022
    Annual accounts 2022103 k €↑
  5. 2021
    Annual accounts 202172,3 k €↑
  6. 2020
    Annual accounts 2020-11 k €↓
  7. 2019
    Annual accounts 201936,5 k €↑
  8. 2018
    Annual accounts 2018-7,3 k €↑
  9. 2017
    Annual accounts 2017-16,3 k €
  10. 16/06/2017
    IncorporationPrivate limited company