BLUETOWN
InactiveInactive since 02-09-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
13 d early
2023
30 d late
2022
139 d late
2021
153 d late
2020
27 d late
2019
89 d late
← 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 60 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Advertising agencies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€20,255▲ 388%
2024 · €4,148
Total assets
€59,162▼ 6.8%
2024 · €63,500
Net result
€16,107
2024 · -€37,195
Working capital
€37
2024 · -€19,487
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,498▼ 81.5%€21,454▲ 1,332%-€18,647-€37,288▼ 100.0%€11,614
Net result€628within the sector's middle half▼ 92.1%€16,717within the sector's middle half▲ 2,564%-€18,682below the sector's middle half-€37,195below the sector's middle half▼ 99.1%€16,107within the sector's middle half
Equity€43,308within the sector's middle half▲ 1.5%€60,025within the sector's middle half▲ 38.6%€41,343within the sector's middle half▼ 31.1%€4,148below the sector's middle half▼ 90.0%€20,255within the sector's middle half▲ 388%
Total assets€67,906within the sector's middle half▼ 1.4%€127,955within the sector's middle half▲ 88.4%€90,750within the sector's middle half▼ 29.1%€63,500within the sector's middle half▼ 30.0%€59,162within the sector's middle half▼ 6.8%
Debt€24,598▼ 6.0%€62,680▲ 155%€45,207▼ 27.9%€56,202▲ 24.3%€36,806▼ 34.5%
Working capital€36,546within the sector's middle half▲ 17.4%€24,303within the sector's middle half▼ 33.5%€12,639within the sector's middle half▼ 48.0%-€19,487below the sector's middle half€37below the sector's middle half
Solvency63.8%within the sector's middle half▲ 1.8pp46.9%within the sector's middle half▼ 16.9pp45.6%within the sector's middle half▼ 1.4pp6.5%below the sector's middle half▼ 39.0pp34.2%within the sector's middle half▲ 27.7pp
Current ratio2.54within the sector's middle half▲ 0.311.63within the sector's middle half▼ 0.911.48within the sector's middle half▼ 0.160.55below the sector's middle half▼ 0.921.00below the sector's middle half▲ 0.45
Return on assets (ROA)0.9%within the sector's middle half▼ 10.6pp13.1%within the sector's middle half▲ 12.1pp-20.6%below the sector's middle half▼ 33.7pp-58.6%below the sector's middle half▼ 38.0pp27.2%above the sector's middle half▲ 85.8pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11,614 after a loss of €37,288 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,162
Fixed assets
€28,728 ▼ 27.1%
Current assets
€30,434 ▲ 26.2%
Equity and liabilities €59,162
Equity
€20,255 ▲ 388%
Provisions
€2,100 ▼ 33.3%
Debt
€36,806 ▼ 34.5%
Debt's share of the balance-sheet total falls from 88.5% to 62.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,120▲
2024 · -€23,275
Cash flow
€29,613▲
2024 · -€23,181
Debt to equity
1.82▼
2024 · 13.55
ROE
79.5%▲
2024 · -896.6%
Interest coverage
43.28▲
2024 · -23.13
Debt ≤ 1 year
€30,397▼
2024 · €43,595
Debt > 1 year
€6,409▼
2024 · €12,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €21,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €87 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,818 | €2,954 | €13,864 | €14,013 | €13,506 | ▼ 3.6% |
| Other operating charges640/8 | €593 | €460 | €328 | €29,555 | €314 | ▼ 98.9% |
| Non-recurring operating charges66A | - | - | - | - | €614 | - |
| Gross operating margin9900 | €7,908 | €24,867 | -€4,455 | €6,366 | €26,047 | ▲ 309% |
| Operating profit (loss)9901 | €1,498 | €21,454 | -€18,647 | -€37,288 | €11,614 | ▲ 131% |
| Financial income75/76B | €2 | €372 | €24 | €50 | €4,023 | ▲ 8,019% |
| Recurring financial income75 | €2 | €372 | €24 | €50 | €44 | ▼ 11.9% |
| Non-recurring financial income76B | - | - | - | - | €3,979 | - |
| Financial charges65/66B | €320 | €0 | €1,109 | €1,006 | €580 | ▼ 42.3% |
| Recurring financial charges65 | €320 | €0 | €1,109 | €1,006 | €580 | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | €1,180 | €21,826 | -€19,732 | -€38,245 | €15,057 | ▲ 139% |
| Transfer from deferred taxes780 | - | - | €1,050 | €1,050 | €1,050 | = |
| Transfer to deferred taxes680 | - | €5,250 | - | - | - | - |
| Income taxes67/77 | €552 | -€141 | - | - | - | - |
| Profit (loss) for the period9904 | €628 | €16,717 | -€18,682 | -€37,195 | €16,107 | ▲ 143% |
| Transfer from tax-exempt reserves789 | - | - | €3,150 | €3,150 | €3,150 | = |
| Transfer to tax-exempt reserves689 | - | €15,750 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €628 | €967 | -€15,532 | -€34,045 | €19,257 | ▲ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,906 | €127,955 | €90,750 | €63,500 | €59,162 | ▼ 6.8% |
| Fixed assets21/28 | €7,700 | €65,368 | €51,504 | €39,393 | €28,728 | ▼ 27.1% |
| Tangible fixed assets22/27 | €7,700 | €65,368 | €51,504 | €39,393 | €28,728 | ▼ 27.1% |
| Land and buildings22 | €3,559 | €2,966 | €2,373 | €2,919 | €2,197 | ▼ 24.7% |
| Plant, machinery and equipment23 | €3,469 | €6,487 | €3,985 | €2,024 | €633 | ▼ 68.7% |
| Furniture and vehicles24 | €672 | €55,915 | €45,146 | €34,450 | €25,898 | ▼ 24.8% |
| Current assets29/58 | €60,206 | €62,587 | €39,246 | €24,107 | €30,434 | ▲ 26.2% |
| Amounts receivable within one year40/41 | €48,928 | €35,279 | €29,493 | €12,270 | €25,238 | ▲ 106% |
| Trade receivables40 | €48,908 | €29,662 | €29,493 | €12,203 | €25,228 | ▲ 107% |
| Other amounts receivable41 | €20 | €5,617 | - | €67 | €11 | ▼ 83.8% |
| Cash at bank and in hand54/58 | €11,278 | €27,308 | €9,753 | €11,829 | €5,195 | ▼ 56.1% |
| Deferred charges and accrued income490/1 | - | - | - | €9 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,906 | €127,955 | €90,750 | €63,500 | €59,162 | ▼ 6.8% |
| Equity10/15 | €43,308 | €60,025 | €41,343 | €4,148 | €20,255 | ▲ 388% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €51,660 | €67,410 | €64,260 | €61,110 | €57,960 | ▼ 5.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €15,750 | €12,600 | €9,450 | €6,300 | ▼ 33.3% |
| Distributable reserves133 | €49,800 | €49,800 | €49,800 | €51,660 | €51,660 | = |
| Profit (loss) carried forward14 | -€20,752 | -€19,786 | -€35,317 | -€69,362 | -€50,105 | ▲ 27.8% |
| Provisions and deferred taxes16 | - | €5,250 | €4,200 | €3,150 | €2,100 | ▼ 33.3% |
| Deferred taxes168 | - | €5,250 | €4,200 | €3,150 | €2,100 | ▼ 33.3% |
| Amounts payable17/49 | €24,598 | €62,680 | €45,207 | €56,202 | €36,806 | ▼ 34.5% |
| Amounts payable after more than one year17 | - | €24,396 | €18,600 | €12,607 | €6,409 | ▼ 49.2% |
| Financial debts170/4 | - | €24,396 | €18,600 | €12,607 | €6,409 | ▼ 49.2% |
| Amounts payable within one year42/48 | €23,661 | €38,284 | €26,606 | €43,595 | €30,397 | ▼ 30.3% |
| Current portion of amounts payable after more than one year42 | - | €5,604 | €6,270 | €6,063 | €6,198 | ▲ 2.2% |
| Trade debts44 | €961 | €13,393 | €139 | €10,269 | €280 | ▼ 97.3% |
| Suppliers440/4 | €961 | €13,393 | €139 | €10,269 | €280 | ▼ 97.3% |
| Taxes, remuneration and social security45 | €3,392 | €0 | €2,860 | €3,615 | €1,005 | ▼ 72.2% |
| Taxes450/3 | €3,392 | €0 | €2,860 | €3,615 | €1,005 | ▼ 72.2% |
| Other amounts payable47/48 | €19,307 | €19,286 | €17,338 | €23,647 | €22,915 | ▼ 3.1% |
| Accrued charges and deferred income492/3 | €938 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €628 | €16,717 | -€18,682 | -€37,195 | €16,107 | ▲ 143% |
| + Depreciation and write-downs630 | €5,818 | €2,954 | €13,864 | €14,013 | €13,506 | ▼ 3.6% |
| Operating cash flow (approximation) | €6,445 | €19,671 | -€4,818 | -€23,181 | €29,613 | ▲ 228% |
| Investment in fixed assets (approximation) | - | -€60,622 | €0 | -€1,902 | -€2,841 | ▼ 49.4% |
| Change in cash | - | €16,029 | -€17,554 | €2,075 | -€6,633 | ▼ 420% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
State Gazette act
General meeting · MergerResignation: Arvid Waelkens (director) · Dissolution · Declaration10 facts ▸
State Gazette act
General meeting · Merger
Resignation: Arvid Waelkens (director) · Dissolution · Declaration10 facts ▸
- General meeting, buitengewone algemene vergadering van de aandeelhouders
- Merger, met fusie door overneming gelijkgestelde verrichting, BLUETOWN houdt op te bestaan
- Dissolution, ontbinding zonder vereffening, ontbinding zonder vereffening
- Declaration, geen bevoorrechte aandelen of effecten
- Declaration, geen bijzondere voordelen voor bestuurders
- Declaration, geen onroerende goederen
- Statutes amendment
- Director resignation, Arvid Waelkens (director)
- Director discharge, Arvid Waelkens
- General meeting, eenparigheid van stemmen
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
18-06
State Gazette act
RestructuringMerger · Accounting effect · Shareholding31 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Shareholding31 facts ▸
- Board meeting, 11-06-2026
- Board meeting, 11-06-2026
- Merger, met fusie door overneming gelijkgestelde verrichting overeenkomstig artikel 12:7,2° (vereenvoudigde zusterfusie), vereenvoudigde zusterfusie
- Accounting effect, 01-01-2026
- Shareholding, 50
- Shareholding, 50
- Shareholding, 50
- Shareholding, 50
- Director in office, Arvid Waelkens (director)
- Director in office, Arvid Waelkens (director)
- Other statement, bedrijfseconomische verantwoording fusie, niet toe te schrijven aan fiscale overwegingen,geen belastbare materie verloren,belastingneutraal op grond van zakelij…
- Capital
- +19 further facts in this act
2025
31-12
Financial
Back to profitnet €16,107
Net result €16,107 after 2 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€37,195
Net result drops to -€37,195, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
17-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 139 days late
2022
31-12
Financial
Highest result since 2018net €16,717 ▲2,564%
Operating result €21,454, net result €16,717, both a record.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €2,159
Net result €2,159 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Waregem
Ground area
1,157 m²
Building footprint
223 m²
Volume, LiDAR
630 m³
Parcel 34452B0751/00F005, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0751/00F005 | Flanders | 1,157 m² | 1 · 223 m² | 5.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Arvid Waelkens |
|
Articles of association
Purpose
Verzorgen van opleidingen en overige vormen van onderwijs; Diensten verwant aan film- en fotoproductie; Het ontwerpen van publicitaire teksten en slogans,copywriting; Grafisch…
Full purpose (44 activities)
- Verzorgen van opleidingen en overige vormen van onderwijs.
- Diensten verwant aan film- en fotoproductie.
- Het ontwerpen van publicitaire teksten en slogans,copywriting.
- Grafisch ontwerp in de ruimste zin en begeleiden en ontwerp van een huisstijl in de ruimste vorm.
- Overige zakelijke dienstverlening.
- Productie,montage en realisatie van publicitaire films en audio-opnames en promotiefilms,films over technische onderwerpen of over bedrijven,films met educatieve inhoud of voor vormingsdoeleinden,videoclips.
- Productie,montage en realisatie van overige films en audio.
- De productie en realisatie in speciale laboratoria van teken- of animatiefilms.
- Tussenpersoon in de handel,de groot- en kleinhandel,import en export van allerlei materialen en goederen,machines,technische uitrusting,in de meest uitgebreide zin van het woord.
- Het uitvoeren van allerlei studies en onderzoeken;verrichtingen inzake consultancy met betrekking tot marktonderzoek,promotie,raadgevingen en prospectie,assistentie en het verlenen van training,bijstand en hulp op gebied van management,bedrijfsbeleid,personeelsbeleid,marketing,engineering,public relations en andere commerciële,intellectuele en technische adviezen.
- Het organiseren van cursussen,vergaderingen en seminaries,lezingen,voordrachten,uiteenzettingen houden en zowel ter lering als ter ontspanning voorstellingen,schouwspelen,sportevenementen,muziekfestivals of dansavonden te organiseren.
- Het verstrekken van advies en uitvoering van alles wat in verband staat met de verkoop,promotie,public relations en aanwending van alle publicitaire media en aanverwante technieken;alles doen wat nodig of nuttig kan zijn voor het uitvoeren of laten uitvoeren van ontworpen campagnes en/of adviezen.
- Verlenen van advies en praktische hulp aan bedrijven in verband met public relations en communicatie.
- Groot- en kleinhandel in computers,randapparatuur en software.
- Ontwerp/beheer en onderhoud van websites in de ruimste vorm.
- Verhuur en lease van kantoormachines inclusief computers.
- Verhuur van standaardprogrammatuur.
- Computerconsultancy activiteiten.
- Verlenen van advies aan de gebruikers over soorten computers(hardware)en hun configuratie en de toepassing van bijhorende apparatuur(software).
- Ontwerpen en programmeren van computerprogramma’s.
- Gegevensverwerking,webhosting en aanverwante activiteiten.
- Verwerken van gegevens met behulp van eigen programma’s of een programma van de klant.
- Reparatie en onderhoud van computers en randapparatuur.
- Het leveren van diensten met betrekking tot de bouw,veiligheidscoördinatie,EPB- en EPCverslaggeving.
- Bouwkundig tekenwerk.
- Onderneming voor het uitvoeren van expertises bij schade,constructiefouten of bemiddeling.
- Het verstrekken van technische adviezen en het maken van studies van diverse aard.
- De verwerving en de uitbating van brevetten en licenties.
- Het optreden als veiligheidscoördinator bij uitvoering van werken.
- Ingenieursbureau,technische studies en consultancy.
- Ontwerpbureau.
- Het uitvoeren van controle,inspectie en certifcatieopdrachten.
- Het uitvoeren van audits met betrekking tot isolatie.
- Het uitvoeren van technische controles in alle sectoren(onder andere bouw,…).
- Het aanbieden van diensten om de veiligheid,betrouwbaarheid en de bescherming te verbeteren en het verrichten van allerhande technische controles,al dan niet wettelijk of reglementair voorgeschreven.Dit omvat in het bijzonder doch is niet noodzakelijk beperkt tot het optreden als externe dienst voor technische controles op de werkplaats(EDTC)overeenkomstig de toepasselijke regelgeving.
- Het uitbaten van een controle en certificeringsbureau.
- Kwaliteitscontrole van alle types gebouwen,constructies,producten,systemen,processen,managementsystemen,diensten,….
- Consultancy in de aannemerij
- Consultancy op gebied van kwaliteit in beton,bouw,aannemerij,enzovoort.
- Onderneming voor projectstudie en ontwikkeling,engineering,design,werfopvolging en werfleiding.
- Het verlenen van advies met betrekking tot optimalisatie van bedrijfsprocessen,operationeel beheer,interne organisatie,efficiëntie,kosten-baten analyses,uitwerken van voorstellen naar kostenbeheersing en begeleiding bij de implementatie van verbeteringsprojecten.
- Als algemene onderneming de bedrijvigheden te coördineren van bouwvoltooiingswerken van diverse onderaannemers.
- Het aan- en verkopen,de verkoop op commissie van bouwmaterialen en bouwwerken.
- De studie en het opmaken van plannen,ramingen,bestekken en offerten in verband met het uitvoeren van deze bouwwerken.
Accounting effect
01-01-2026
Asset distribution
Hele vermogen onder algemene titel, enige bestuurder van overnemende vennootschap vervult formaliteiten voor tegenwerpbaarheid erga omnes van intellectuele eige…
Power of attorney
2 provisions in the deed
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:THE ART FACTORY
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 18-06-2026 ↗
- Arvid Waelkens 186 shares · 50%
- Sarah Beulque 186 shares · 50%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 18-06-2026 Capital stated in the act · 186 shares
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 2,597 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
63100Computing infrastructure, data processing, hosting and related activities
74120Graphic design and visual communication
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508799048
Also
9925:BE0508799048
Registered
24-11-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.