ACTIVE

BLUE WATER PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

62,9 k €

-97.5% YoY

Gross margin

59,1 k €

+0.7% YoY

Equity

3,1 M €

+2.1% YoY

Workforce

0,0 ETP

What does BLUE WATER PROJECTS do?

BLUE WATER PROJECTS is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.739.787

Incorporation

29/09/2011

Legal form

Private limited company

Registered office

Rue des Faucons(VD) 8
5020 Namur · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	59,1 k €	+0.7%	58,7 k €	-9.8%	65,1 k €	-0.3%	65,3 k €	+41.2%	46,3 k €	-49.5%	91,6 k €	-0.0%	91,6 k €	+40.4%	65,2 k €	+21.9%	53,5 k €	+1.5%	52,8 k €	+24.7%	42,3 k €	-43.0%	74,2 k €
EBITDA	57,6 k €	+0.7%	57,2 k €	-10.1%	63,7 k €	-0.5%	64 k €	+42.7%	44,9 k €	-50.1%	89,9 k €	-1.4%	91,2 k €	+40.6%	64,8 k €	+22.3%	53 k €	+1.4%	52,3 k €	+29.4%	40,4 k €	-43.1%	71 k €
Operating result	55,9 k €	-0.5%	56,2 k €	-10.1%	62,5 k €	+12.5%	55,6 k €	+23.9%	44,9 k €	-50.1%	89,9 k €	+1.7%	88,4 k €	+42.8%	61,9 k €	+17.3%	52,8 k €	+1.5%	52 k €	+29.6%	40,1 k €	-43.2%	70,6 k €
Net result	62,9 k €	-97.5%	2,5 M €	+1871%	127,9 k €	+1.4%	126,2 k €	+16.5%	108,3 k €	+86.0%	58,3 k €	-71.9%	207,2 k €	+422%	39,7 k €	+22.2%	32,5 k €	+1.1%	32,1 k €	+35.0%	23,8 k €	-45.5%	43,6 k €
Balance sheet
Equity	3,1 M €	+2.1%	3 M €	+485%	519,9 k €	+32.6%	392 k €	+47.5%	265,9 k €	-76.2%	1,1 M €	+5.5%	1,1 M €	-0.8%	1,1 M €	+1269%	77,9 k €	+33.9%	58,2 k €	+25.0%	46,6 k €	+176%	16,9 k €
Total assets	3,8 M €	-0.1%	3,8 M €	+184%	1,3 M €	+6.0%	1,3 M €	+4.2%	1,2 M €	-7.8%	1,3 M €	-7.1%	1,4 M €	+0.4%	1,4 M €	+1365%	95,4 k €	-9.5%	105,4 k €	+39.4%	75,7 k €	+35.7%	55,7 k €
Cash	320 k €	+1009%	28,9 k €	-79.6%	141,7 k €	+74.7%	81,1 k €	+386%	16,7 k €	-12.2%	19 k €	-85.7%	133,1 k €	+18.3%	112,6 k €	+23.8%	90,9 k €	+50.3%	60,5 k €	-2.2%	61,9 k €	+50.2%	41,2 k €
Debts	653,6 k €	-9.4%	721,5 k €	-10.5%	806,2 k €	-6.2%	859,5 k €	-8.1%	935,6 k €	+402%	186,2 k €	-46.0%	344,6 k €	+4.0%	331,5 k €	+1793%	17,5 k €	-62.9%	47,2 k €	+62.3%	29,1 k €	-25.2%	38,9 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Christian CRISMER

Director

Active

Ended mandates

Christian Crismer

Manager · since 01 septembre 2011

Ended

Christian CRISMER

Manager

Ended

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	31/08/2026	27/08/2025	27/08/2024	30/08/2023	27/07/2022	31/08/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	27/08/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	27/07/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	23/07/2020	French	PDF
Micro model	31/12/2018	04/06/2019	23/08/2019	French	PDF
Micro model	31/12/2017	05/06/2018	04/07/2018	French	PDF
Micro model	31/12/2016	06/06/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	26/02/2015	15/05/2015	French	PDF
Abridged model	31/12/2013	13/02/2014	05/08/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	26/08/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Christian CRISMER

Director

Active

Ended mandates

Christian Crismer

Manager · since 01 septembre 2011

Ended

Christian CRISMER

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/07/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/01/2017
CAPITAL, ACTIONS
PDF
Mandates08/01/2014
DENOMINATION - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other11/10/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202562,9 k €↓
2024
Annual accounts 20242,5 M €↑
2023
Annual accounts 2023127,9 k €↑
2022
Annual accounts 2022126,2 k €↑
2021
Annual accounts 2021108,3 k €↑
2018
Annual accounts 201858,3 k €↓
2017
Annual accounts 2017207,2 k €↑
2016
Annual accounts 201639,7 k €↑
2015
Annual accounts 201532,5 k €↑
2014
Annual accounts 201432,1 k €↑
2013
Annual accounts 201323,8 k €↓
2012
Annual accounts 201243,6 k €
29/09/2011
IncorporationPrivate 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 WATER PROJECTS

Overview

What does BLUE WATER PROJECTS do?

Trend over 12 financial years

Indicative valuation

Board of directors

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