NORMAL SITUATION

BlueCourses

Financial year 2026 · closed on 17/03/2026
Net result
-1,1 k €
+85.1% YoY
Gross margin
-953,2 €
+64.2% YoY
Equity
7,3 k €
-13.0% YoY

Company — Normal situation.

What does BlueCourses do?

BlueCourses is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0743.435.615
Legal form
Private limited company
Contributed capital
500,00 €
Latest accounts
17/03/2026
Signals
Solid equityGood liquidity
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202620252024202320222021
Income statement
Gross margin-953,2 €-2,7 k €-4 k €2,8 k €10,1 k €24,7 k €
EBITDA-953,2 €-3,8 k €-5,1 k €1,6 k €-930 €13,7 k €
Operating result-953,2 €-4 k €-5,8 k €985,7 €-1,6 k €13 k €
Net result-1,1 k €-7,3 k €-7,2 k €-810,9 €-1,7 k €8,5 k €
Balance sheet
Equity7,3 k €8,3 k €15,6 k €22,8 k €23,6 k €25,3 k €
Total assets7,4 k €12,8 k €37 k €40,9 k €29,7 k €42,5 k €
Cash6,6 k €12,5 k €21,1 k €30,9 k €15,6 k €16,8 k €
Debts154,9 €4,5 k €21,3 k €18,1 k €6 k €17,1 k €
Other
Workforce0,0 ETP0,0 ETP
Governance

Board of directors

Seen on filing of 17/03/2026 · 2 active · 6 ended

Active mandates

ABIQ CONSULTING

Director · since 03 février 2020 · 0866.768.244

Represented by Bart BAESENS

Active
Statistical Theory, Analytics, Robustness Consulting

Director · since 03 février 2020 · 0727.610.856

Represented by Tim VERDONCK

Active

Ended mandates

ABIQ CONSULTING

Director · since 07 février 2020 · 0866.768.244

Represented by Bart Baesens

Ended
ABIQ CONSULTING

Director · since 03 février 2020 · 0866.768.244

Represented by Bart BAESENS

Ended
ABIQ CONSULTING

Director · since 03 février 2020 · 0866.768.244

Represented by Bart BAESENS

Ended
Statistical Theory, Analytics, Robustness Consulting

Director · since 03 février 2020 · 0727.610.856

Represented by Tim VERDONCK

Ended
Annual accounts

Full financial information

202620252024202320222021
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202601/01/202501/01/202401/01/202301/01/202201/01/2021
Closing of the financial year17/03/202631/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year3 months12 months12 months12 months12 months12 months
Filing date18/03/202616/02/202614/07/202520/06/202428/06/202301/07/2022
General meeting17/03/202615/02/202611/07/202520/06/202412/06/202313/06/2022
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model17/03/202617/03/202618/03/2026DutchPDF
Micro model31/12/202515/02/202616/02/2026DutchPDF
Abridged model31/12/202411/07/202514/07/2025DutchPDF
Abridged model31/12/202320/06/202420/06/2024DutchPDF
Abridged model31/12/202212/06/202328/06/2023DutchPDF
Abridged model31/12/202113/06/202201/07/2022DutchPDF
Abridged model31/12/202014/06/202109/07/2021DutchPDF
Estimate

Indicative valuation

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 17/03/2026 · 2 active · 6 ended

Active mandates

ABIQ CONSULTING

Director · since 03 février 2020 · 0866.768.244

Represented by Bart BAESENS

Active
Statistical Theory, Analytics, Robustness Consulting

Director · since 03 février 2020 · 0727.610.856

Represented by Tim VERDONCK

Active

Ended mandates

ABIQ CONSULTING

Director · since 07 février 2020 · 0866.768.244

Represented by Bart Baesens

Ended
ABIQ CONSULTING

Director · since 03 février 2020 · 0866.768.244

Represented by Bart BAESENS

Ended
ABIQ CONSULTING

Director · since 03 février 2020 · 0866.768.244

Represented by Bart BAESENS

Ended
Statistical Theory, Analytics, Robustness Consulting

Director · since 03 février 2020 · 0727.610.856

Represented by Tim VERDONCK

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution05/05/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, 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. 2026
    Annual accounts 2026-1,1 k €
  2. 2025
    Annual accounts 2025-7,3 k €
  3. 2024
    Annual accounts 2024-7,2 k €
  4. 2023
    Annual accounts 2023-810,9 €
  5. 2022
    Annual accounts 2022-1,7 k €
  6. 2021
    Annual accounts 20218,5 k €