BLUE WATER

Active

Private limited companyfounded 2009active for 16 yearsKoninklijk Plein 1, 8420 De Haan, BelgiumKBO/BCE: BE 0821.482.706

Summary

The computed 12-month bankruptcy probability of BLUE WATER is 2.7% (moderate). The 2025 annual accounts show equity of €36,387 and a net result of €291,383. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 4,751 sector peers (NACE 56, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

BLUE WATERActiveChecked score 52/100

Risk analysis Report Compare

Activity

Full-service restaurants

NACE 56111Hotels and similar accommodation NACE 55100

7th largest company by total assets in De Haan, Accommodation and food service sector3 sites

Size

€3.7mtotal assets 2025

Staff: 3.3 FTE
Equity: €36,387
Profit: €291,383

Turnover not published (abbreviated or micro format)

Financial health

52 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.7%

Structure

Parent: DIETBALD · 100%

BASTISDirector · permanent representative HERMANS Thibaud

2025 accounts 2 days early2 of 13 deeds summarised

Why 52raises riskLiquidity: current ratio 0.78, cash €2,277, halvedEquity €36,387 (1.0% of total assets)Sector: Food and beverage service activities (NACE 56)1 of the last 3 lateShow the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 48% of its sector peers (NACE 56, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 26+8

equity 1.0% of total assets

Liquidity 14-4

short-term debt 68.1% · cash 0.1%

Profitability 79+74

return on assets 8.0%

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,763 companies, NACE 56, micro)

Last 24 months 11-2024: 1.8% 12-2024: 2.1%▲ +0.3 percentage points vs 11-2024 01-2025: 2.1%● unchanged vs 12-2024 02-2025: 2.1%● unchanged vs 01-2025 03-2025: 2.2%▲ +0.1 percentage points vs 02-2025 04-2025: 2.2%● unchanged vs 03-2025 05-2025: 2.9%▲ +0.7 percentage points vs 04-2025 06-2025: 3.2%▲ +0.3 percentage points vs 05-2025highest value 07-2025: 1.8%▼ -1.4 percentage points vs 06-2025lowest value 08-2025: 1.8%● unchanged vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.9%▲ +0.1 percentage points vs 10-2025 12-2025: 2.1%▲ +0.2 percentage points vs 11-2025 01-2026: 2.2%▲ +0.1 percentage points vs 12-2025 02-2026: 2.3%▲ +0.1 percentage points vs 01-2026 03-2026: 2.6%▲ +0.3 percentage points vs 02-2026 04-2026: 2.8%▲ +0.2 percentage points vs 03-2026 05-2026: 2.7%▼ -0.1 percentage points vs 04-2026 06-2026: 2.7%● unchanged vs 05-2026 07-2026: 2.7%● unchanged vs 06-2026 08-2026: 2.7%● unchanged vs 07-2026 09-2026: 2.7%● unchanged vs 08-2026 10-2026: 2.7%● unchanged vs 09-2026

Credit of up to €1,500 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.78, compared with 0.49 in 2024, below 1; short-term debt: 68.1% and cash: 0.1% of total assets), and 99% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 26% on solvency, 12% on liquidity, 63% on profitability and 90% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises riskneutral

Liquidity: current ratio 0.78, cash €2,277, halved

NBB · annual accounts

Equity €36,387 (1.0% of total assets)

NBB · annual accounts

Sector: Food and beverage service activities (NACE 56)

KBO

1 of the last 3 late

NBB · filings

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4751 sector peers (2025).

NBB · sector comparison

Position among 4751 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

2 days early

2024

32 days late

2023

on the day

2022

3 days early

2021

68 days early

2020

on the day

2019

on the day

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 April (4 of the last 5 filed years within 34 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end27-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-04-2026 Annual accounts filedfinancial year 2025 · abbreviated…
30-09-2025 Back to profitnet €291,383
01-06-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Positive: Back in profit in 2025after -€392,346 in 2024 €291,383 View
Positive: Among the best 5% on net resultsector median €10,495 · 4,746 companies €291,383 View
Controlled by DIETBALD 100% View
Merger with TIJO INVESTmerger on 07-08-2024 2024 View
Flemish supportawarded from 2022 to 2025 €195,620 View

By topic

Financials

Financial year: 2025
Total assets: €3.7m
Profit: €291,383
Solvency: 1.0%

Total assets▲ 2.6%

Net result

20192025

Go to Financials

Board & ownership

Board: 1 member
Parent: DIETBALD · 100%

BASTISDirector

Go to Board & ownership

Network & group

Connected companies: 2
Mergers and asset contributions: 1

Go to Network & group

Timeline

Events: 20
Since: 2012
Next accounts: by 30-04-2027

30-09-2024Weakest financial year
07-08-2024Capital & shares · Amendment of the…
30-04-2024Annual accounts filed

Go to Timeline

Company details

Sites: 3

Legal form: Private limited company
Activity: Full-service restaurantsNACE 56111
Founded: 14-12-2009
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 10

Annual meeting: Last Saturday of February at 11:00

Go to Articles of association

Key facts about BLUE WATER

What is the company number of BLUE WATER?: 0821.482.706. In Belgium the VAT number is the company number with BE in front: BE 0821.482.706.
Where is BLUE WATER based?: The registered office is at Koninklijk Plein 1, 8420 De Haan.Company details
What does BLUE WATER do?: According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of BLUE WATER?: Private limited company (BV).
When was BLUE WATER founded?: On 14-12-2009.
Is BLUE WATER still active?: Yes, BLUE WATER is an active enterprise in the KBO register.
How many employees does BLUE WATER have?: On average 3.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BLUE WATER?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BLUE WATER profitable?: In financial year 2025, BLUE WATER made a profit of €291,383.
Where can I find the annual accounts of BLUE WATER?: BLUE WATER filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BLUE WATER due?: By 30-04-2027, for financial year 2026.Timeline