BLEU
Annual accounts 2025
abbreviated format, filed on 29-06-2026, 32 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Money flows
no detail for 2025Balance sheet
balance sheet total €399,164 on 31-12-2025in euro
in euro
Position in the sector
98.3%
Higher than 95% of 6,708 companies in 2025.
130.6%
Higher than 95% of 6,673 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
399,164 | 84,254 | 101,469 | 99,390 | 101,540 | 95,435 | 105,720 | 122,978 | 137,469 | 151,278 | 169,424 | 187,278 | 207,113 | 228,768 | 256,239 | 285,480 | 303,047 | 296,333 | 300,399 | 337,512 | |
21/28 |
29,067 | 72,345 | 72,345 | 72,345 | 72,345 | 76,522 | 94,918 | 113,525 | 132,132 | 150,105 | 168,500 | 186,896 | 205,534 | 228,217 | 252,030 | 258,951 | 279,864 | 285,367 | 298,326 | 315,803 | |
22/27 |
29,067 | 72,345 | 72,345 | 72,345 | 72,345 | 76,522 | 94,918 | 113,525 | 132,132 | 150,105 | 168,500 | 186,896 | 205,534 | 228,217 | 252,030 | 258,951 | 279,864 | 285,367 | 298,326 | 315,803 | |
22 |
29,067 | 72,345 | 72,345 | 72,345 | 72,345 | 76,522 | 93,229 | 109,935 | 126,641 | 143,348 | 160,054 | 176,761 | 193,467 | 210,944 | 228,420 | 245,897 | 263,373 | 280,850 | 298,326 | 315,803 | |
23 |
- | - | - | 0 | 0 | 0 | 1,689 | 3,378 | 5,067 | 6,757 | 8,446 | 10,135 | 12,066 | 17,273 | 23,146 | 12,127 | 15,100 | 2,663 | - | - | |
24 |
- | - | - | 0 | 0 | 0 | 0 | 212 | 424 | - | - | - | - | - | 464 | 927 | 1,391 | 1,855 | - | - | |
29/58 |
370,096 | 11,909 | 29,124 | 27,044 | 29,195 | 18,913 | 10,802 | 9,453 | 5,336 | 1,174 | 924 | 382 | 1,580 | 552 | 4,209 | 26,530 | 23,182 | 10,965 | 2,073 | 21,709 | |
40/41 |
364,796 | 0 | 22,336 | 8,271 | 13,104 | 9,316 | 3,106 | 2,000 | 1,000 | - | - | - | - | - | 255 | 204 | 18,235 | 8,470 | 5 | 4,239 | |
40 |
- | - | - | 0 | 1,000 | 1,000 | 1,000 | 2,000 | 1,000 | - | - | - | - | - | - | - | 4,235 | 8,470 | - | 4,235 | |
41 |
364,796 | 0 | 22,336 | 8,271 | 12,104 | 8,316 | 2,106 | - | - | - | - | - | - | - | 255 | 204 | 14,000 | - | 5 | 4 | |
54/58 |
2,513 | 5,077 | 6,788 | 18,773 | 16,090 | 9,597 | 7,696 | 7,453 | 4,336 | 1,174 | 924 | 382 | 1,580 | 552 | 3,955 | 26,326 | 4,947 | 2,495 | 2,068 | 17,470 | |
490/1 |
2,788 | 6,832 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
399,164 | 84,254 | 101,469 | 99,390 | 101,540 | 95,435 | 105,720 | 122,978 | 137,469 | 151,278 | 169,424 | 187,278 | 207,113 | 228,768 | 256,239 | 285,480 | 303,047 | 296,333 | 300,399 | 337,512 | |
10/15 |
392,314 | -129,048 | -103,405 | -105,400 | -102,880 | -108,222 | -98,448 | -82,686 | -73,535 | -66,872 | -51,479 | -35,445 | -20,730 | 82 | 23,383 | 56,892 | 77,531 | 80,455 | 80,870 | 77,516 | |
10/11 |
200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
10 |
200,000 | 200,000 | 200,000 | 200,000 | 200,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
13 |
20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130/1 |
20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
172,314 | -329,048 | -303,405 | -305,400 | -302,880 | -308,222 | -298,448 | -282,686 | -273,535 | -266,872 | -251,479 | -235,445 | -220,730 | -199,919 | -176,617 | -143,108 | -122,469 | -119,545 | -119,130 | -122,484 | |
17/49 |
6,850 | 213,302 | 204,874 | 204,789 | 204,420 | 203,656 | 204,167 | 205,664 | 211,004 | 218,151 | 220,903 | 222,723 | 227,843 | 228,687 | 232,856 | 228,589 | 225,515 | 215,877 | 219,529 | 259,996 | |
17 |
0 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
170/4 |
0 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
42/48 |
1,594 | 7,243 | 4,874 | 3,295 | 2,646 | 3,656 | 4,167 | 5,664 | 11,004 | 16,515 | 19,724 | 21,525 | 26,312 | 27,561 | 31,095 | 27,003 | 24,481 | 15,007 | 19,529 | 59,571 | |
44 |
1,594 | 2,243 | 2,474 | 895 | 135 | 1,256 | 1,767 | 1,773 | 950 | - | - | - | - | - | - | - | - | - | - | - | |
440/4 |
1,594 | 2,243 | 2,474 | 895 | 135 | 1,256 | 1,767 | 1,773 | 950 | - | - | - | - | - | - | - | - | - | - | - | |
45 |
- | 0 | 2,400 | 2,400 | 2,511 | 2,400 | 2,400 | - | - | 2,700 | 2,500 | 2,500 | 3,000 | 2,940 | 2,100 | 2,100 | 3,635 | 3,665 | 3,335 | 2,835 | |
450/3 |
- | 0 | 2,400 | 2,400 | 2,511 | 2,400 | 2,400 | - | - | 2,700 | 2,500 | 2,500 | 3,000 | 2,940 | 2,100 | 2,100 | 3,635 | 3,665 | 3,335 | 2,835 | |
47/48 |
0 | 5,000 | - | 0 | 0 | 0 | - | 3,892 | 10,054 | 13,815 | 17,224 | 19,025 | 23,312 | 24,621 | 28,995 | 24,903 | 20,846 | 11,342 | 16,194 | 56,736 | |
492/3 |
5,256 | 6,059 | 0 | 1,494 | 1,774 | - | - | - | - | 1,636 | 1,179 | 1,199 | 1,531 | 1,126 | 1,761 | 1,585 | 1,034 | 870 | - | 425 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50,450 | - | 50,160 | |
9900 |
593,711 | -17,152 | 4,346 | 8,073 | 20,090 | 19,187 | 13,321 | 11,904 | 14,550 | 15,579 | 14,974 | 16,428 | 16,281 | 16,838 | 6,851 | 18,025 | 37,302 | 36,413 | 36,760 | 33,625 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14,037 | - | 16,535 | |
630 |
- | - | - | - | 4,177 | 18,396 | 18,607 | 18,607 | 18,607 | 18,396 | 18,396 | 18,638 | 22,683 | 23,813 | 23,813 | 22,124 | 21,882 | 18,606 | 17,476 | 18,687 | |
640/8 |
2,299 | 2,246 | 2,174 | 2,405 | 2,413 | 2,462 | 2,388 | 2,301 | 2,353 | 2,437 | 2,417 | 2,406 | 2,381 | 2,300 | 2,465 | 2,451 | 2,225 | 2,173 | 1,846 | 1,776 | |
9901 |
591,412 | -19,397 | 2,172 | 5,668 | 13,500 | -1,671 | -7,675 | -9,005 | -6,410 | -5,254 | -5,839 | -4,616 | -8,784 | -9,274 | -19,427 | -6,550 | 13,195 | 15,634 | 17,437 | 13,162 | |
75/76B |
1,538 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | 5 | 21 | 15 | 38 | 12 | 32 | |
75 |
1,538 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | 5 | 21 | 15 | 38 | 12 | 32 | |
65/66B |
5,442 | 6,246 | 178 | 8,188 | 8,158 | 8,103 | 8,087 | 146 | 253 | 10,139 | 10,195 | 10,100 | 12,027 | 14,027 | 14,086 | 14,108 | 16,133 | 16,086 | 14,094 | 14,092 | |
65 |
5,442 | 6,246 | 178 | 8,188 | 8,158 | 8,103 | 8,087 | 146 | 253 | 10,139 | 10,195 | 10,100 | 12,027 | 14,027 | 14,086 | 14,108 | 16,133 | 16,086 | 14,094 | 14,092 | |
9903 |
587,507 | -25,643 | 1,995 | -2,520 | 5,342 | -9,774 | -15,761 | -9,151 | -6,663 | -15,393 | -16,034 | -14,715 | -20,811 | -23,301 | -33,508 | -20,637 | -2,923 | -414 | 3,356 | -898 | |
67/77 |
66,146 | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | 2 | 1 | 0 | 2 | - | |
9904 |
521,362 | -25,643 | 1,995 | -2,520 | 5,342 | -9,774 | -15,761 | -9,151 | -6,663 | -15,393 | -16,034 | -14,715 | -20,811 | -23,301 | -33,509 | -20,640 | -2,924 | -415 | 3,354 | -898 | |
9905 |
521,362 | -25,643 | 1,995 | -2,520 | 5,342 | -9,774 | -15,761 | -9,151 | -6,663 | -15,393 | -16,034 | -14,715 | -20,811 | -23,301 | -33,509 | -20,640 | -2,924 | -415 | 3,354 | -898 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
192,314 | -329,048 | -303,405 | -305,400 | -302,880 | -308,222 | -298,448 | -282,686 | -273,535 | -266,872 | -251,479 | -235,445 | -220,730 | -199,919 | -176,617 | -143,108 | -122,469 | -119,545 | -119,130 | -122,484 | |
14P |
-329,048 | -303,405 | -305,400 | -302,880 | -308,222 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00229661 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00246529 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00442531 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00385412 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20361854 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58800215 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-22500203 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59100514 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-55600288 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25900374 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-25500434 | |
| 31-12-2014 | abbreviated format | 30-06-2015 | 2015-24700293 | |
| 31-12-2013 | abbreviated format | 24-06-2014 | 2014-20900137 | |
| 31-12-2012 | abbreviated format | 02-07-2013 | 2013-25700440 | |
| 31-12-2011 | abbreviated format | 28-08-2012 | 2012-48600191 | |
| 31-12-2010 | abbreviated format | 23-06-2011 | 2011-20200400 | |
| 31-12-2009 | abbreviated format | 22-06-2010 | 2010-20300552 | |
| 31-12-2008 | abbreviated format | 21-08-2009 | 2009-60900235 | |
| 31-12-2007 | abbreviated format | 14-07-2008 | 2008-40700002 | |
| 31-12-2006 | abbreviated format | 09-07-2007 | 2007-38000335 | |
| 31-12-2005 | abbreviated format | 07-07-2006 | 2006-43001704 | |
| 31-12-2004 | abbreviated format | 14-07-2005 | 2005-48304892 | |
| 31-12-2003 | abbreviated format | 07-07-2004 | 2004-41405023 | |
| 31-12-2002 | abbreviated format | 30-12-2003 | 2003-86300385 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | 0 | 0 | 0 | 635 | 0 | 0 | 0 | 0 | 0 | 16,892 | 1,210 | 16,379 | 5,647 | -0 | - | ||
| -2,563 | -1,712 | -11,985 | 2,683 | 6,493 | 1,901 | 243 | 3,117 | 3,163 | 250 | 542 | -1,198 | 1,028 | -3,403 | -22,371 | 21,378 | 2,452 | 427 | -15,402 | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.0% | - | 26.2% | ||
| 98.3% | -153.2% | -101.9% | -106.0% | -101.3% | -113.4% | -93.1% | -67.2% | -53.5% | -44.2% | -30.4% | -18.9% | -10.0% | 0.0% | 9.1% | 19.9% | 25.6% | 27.2% | 26.9% | 23.0% | ||
| 132.9% | - | - | - | - | - | - | - | - | - | - | - | - | - | -143.3% | -36.3% | -3.8% | -0.5% | 4.1% | -1.2% | ||
| 130.6% | -30.4% | 2.0% | -2.5% | 5.3% | -10.2% | -14.9% | -7.4% | -4.8% | -10.2% | -9.5% | -7.9% | -10.0% | -10.2% | -13.1% | -7.2% | -1.0% | -0.1% | 1.1% | -0.3% |
A ratio outside any meaningful range has been withheld (balance sheet total €399,164, equity €392,314).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on BLEU
The operating result for 2025 is a profit of €591,412, after a loss of €19,397 in 2024. It is the highest result since 2006.
Debt's share of the balance-sheet total is 1.7%.