ACTIVE

Half Blue

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Financial year 2025 · closed on 31/12/2025
Net result
3,6 k €
+104.5% YoY
Gross margin
685,7 k €
-19.6% YoY
Equity
216,4 k €
+1.7% YoY
Workforce
7,9 ETP
-24.0% YoY

What does Half Blue do?

Half Blue is a Private limited company incorporated in 2007. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Aartselaar. It employs on average 7,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0891.298.653
Incorporation
07/08/2007
Legal form
Private limited company
Registered office
Boomsesteenweg 81-83
2630 Aartselaar · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
7,9 ETP
Activities (NACE)
46460Wholesale of pharmaceutical goods· main46460Wholesale of pharmaceutical goods70210Public relations and communication activities73300Advertising and market research74401Other professional, scientific and technical activities62020Computer consultancy activities+4
Joint committees (3)
  • 200
  • 20000
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin685,7 k €852,7 k €1 M €–491,7 k €889,2 k €448,1 k €411,5 k €269,9 k €180,1 k €88,8 k €97,1 k €80 k €79 k €-9 k €-847 €-465 €9,5 k €
EBITDA189,7 k €152,3 k €360,2 k €373,7 k €117,4 k €523,8 k €119 k €135,4 k €111,1 k €100,2 k €31,4 k €50,5 k €41 k €31,8 k €-18,8 k €-1,2 k €-812 €8,8 k €
Operating result70,6 k €-51,4 k €176,2 k €122,4 k €-50,5 k €354,9 k €17,9 k €64,1 k €45,2 k €54,8 k €-11,4 k €19,1 k €18,1 k €20,1 k €-20,8 k €-1,2 k €-812 €8,8 k €
Net result3,6 k €-80,3 k €106,6 k €66,8 k €-53,5 k €245,7 k €5 k €43 k €27,2 k €35,7 k €-12,1 k €13 k €739 €17,8 k €-20,9 k €-6 k €-743 €5,9 k €
Balance sheet
Equity216,4 k €212,8 k €293 k €186,4 k €119,6 k €173,2 k €127,4 k €122,4 k €79,4 k €52,2 k €16,4 k €28,5 k €15,5 k €14,7 k €-3,1 k €17,8 k €23,8 k €24,5 k €
Total assets2 M €2,6 M €2,8 M €1,7 M €1,2 M €1,6 M €868,5 k €841,5 k €600,3 k €432,4 k €376,8 k €245,3 k €239,9 k €136,8 k €22,6 k €18 k €25 k €29,5 k €
Cash204 k €155,6 k €137,1 k €92,2 k €72,2 k €128,6 k €18 k €95,1 k €54 k €50,9 k €19,5 k €50,2 k €14,6 k €2,7 k €4,2 k €16,3 k €18,5 k €26,5 k €
Debts1,7 M €2,4 M €2,5 M €1,5 M €1 M €1,4 M €713,1 k €606,6 k €480,8 k €307,1 k €256,1 k €131 k €181,4 k €110,8 k €25,7 k €186 €1,2 k €5 k €
Other
Workforce7,9 ETP10,4 ETP10,9 ETP7,9 ETP7,8 ETP7,8 ETP6,6 ETP5,1 ETP4,4 ETP2,1 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP0,3 ETP–––
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 · 2 active · 14 ended

Active mandates

Jimmy Erickson

Director

Active
MELIOR TRAIANO

Director · 0631.968.064

Represented by Benny Van Crombrugge

Active

Ended mandates

MELIOR TRAIANO

Director · since 29 mars 2022 · 0631.968.064

Represented by Benny VAN CROMBRUGGE

Ended
Didier Borremans

Manager · since 02 août 2007

Ended
Didier De Schrijver

Manager · since 02 août 2007

Ended
Patrick Stoop

Manager · since 02 août 2007

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months18 months12 months12 months
Filing date13/08/202603/09/202512/09/202428/08/202323/02/202219/02/2021
General meeting16/06/202617/06/202519/06/202420/06/202302/12/202116/12/2020
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

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/06/202613/08/2026DutchPDF
Abridged model31/12/202417/06/202503/09/2025DutchPDF
Abridged model31/12/202319/06/202412/09/2024DutchPDF
Full model31/12/202220/06/202328/08/2023DutchPDF
Abridged model30/06/202102/12/202123/02/2022DutchPDF
Abridged model30/06/202016/12/202019/02/2021DutchPDF
Abridged model30/06/201918/12/201904/02/2020DutchPDF
Abridged model30/06/201814/01/201906/02/2019DutchPDF
Abridged model30/06/201722/12/201726/01/2018DutchPDF
Abridged model30/06/201605/12/201629/12/2016DutchPDF
Abridged model30/06/201507/12/201522/12/2015DutchPDF
Abridged model30/06/201422/12/201415/01/2015DutchPDF
Abridged model30/06/201323/12/201310/01/2014DutchPDF
Abridged model30/06/201231/12/201215/02/2013DutchPDF
Abridged model30/06/201105/12/201114/02/2012DutchPDF
Abridged model30/06/201006/12/201020/12/2010DutchPDF
Abridged model30/06/200907/12/200905/02/2010DutchPDF
Abridged model30/06/200801/12/200810/02/2009DutchPDF
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 · 2 active · 14 ended

Active mandates

Jimmy Erickson

Director

Active
MELIOR TRAIANO

Director · 0631.968.064

Represented by Benny Van Crombrugge

Active

Ended mandates

MELIOR TRAIANO

Director · since 29 mars 2022 · 0631.968.064

Represented by Benny VAN CROMBRUGGE

Ended
Didier Borremans

Manager · since 02 août 2007

Ended
Didier De Schrijver

Manager · since 02 août 2007

Ended
Patrick Stoop

Manager · since 02 août 2007

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/08/2026
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/05/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares05/05/2022
    KAPITAAL - AANDELEN
    PDF
  • Mandates21/04/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates06/01/2016
    DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office22/08/2011
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/03/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/08/2007
    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 20253,6 k €↑
  2. 2024
    Annual accounts 2024-80,3 k €↓
  3. 2023
    Annual accounts 2023106,6 k €↑
  4. 2022
    Annual accounts 202266,8 k €↑
  5. 2021
    Annual accounts 2021-53,5 k €↓
  6. 2020
    Annual accounts 2020245,7 k €↑
  7. 2019
    Annual accounts 20195 k €↓
  8. 2018
    Annual accounts 201843 k €↑
  9. 2017
    Annual accounts 201727,2 k €↓
  10. 2016
    Annual accounts 201635,7 k €↑
  11. 2015
    Annual accounts 2015-12,1 k €↓
  12. 2014
    Annual accounts 201413 k €↑
  13. 2013
    Annual accounts 2013739 €↓
  14. 2012
    Annual accounts 201217,8 k €↑
  15. 2011
    Annual accounts 2011-20,9 k €↓
  16. 2010
    Annual accounts 2010-6 k €↓
  17. 2009
    Annual accounts 2009-743 €↓
  18. 2008
    Annual accounts 20085,9 k €
  19. 07/08/2007
    IncorporationPrivate limited company