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BLUEWATERS

Active
Private limited companyfounded 20224 yrs activeKoningin Astridplein 11, 1090 Jette, BelgiumKBO/BCE: BE 0786.366.231
Summary

BLUEWATERS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,087 and a net result of €8,168. Its solvency ranks better than 49% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-23
Solvency82▲+5
Growth52
Track record94
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.33 against 2.07 in 2023; short-term debt: 42.7% and cash: 47.6% of total assets), and 42.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
57.3%
Return on assets
6.5%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 150 days later.
NBB · 2 filings
Position against the passed deadline
30-09-2025 close30-04-2026 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-06-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
61 d late
2023
2 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 19 May 2022, BLUEWATERS was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€72,087▲ 12.8%
2023 · €63,918
Total assets
€125,714▲ 2.5%
2023 · €122,633
Net result
€8,168▼ 86.4%
2023 · €59,918
Working capital
€71,540▲ 14.3%
2023 · €62,569
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€82,595-€13,781▼ 83.3%
Net result€59,918-€8,168▼ 86.4%
Equity€63,918-€72,087▲ 12.8%
Total assets€122,633-€125,714▲ 2.5%
Debt€58,715-€53,627▼ 8.7%
Working capital€62,569-€71,540▲ 14.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000Operating result 2023: €82,595€82,595Net result 2023: €59,918€59,918Operating result 2024: €13,781€13,781Net result 2024: €8,168€8,16820232024€0€25,000€50,000€75,000Operating result 2023: €82,595€82,600Net result 2023: €59,918€59,900Operating result 2024: €13,781€13,800Net result 2024: €8,168€8,17020232024
The operating result falls in 2024; 2024 is 83% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €125,714
Fixed assets €546 ▼ 61.3%
Current assets €125,168 ▲ 3.3%
Equity and liabilities €125,714
Equity €72,087 ▲ 12.8%
Debt €53,627 ▼ 8.7%
Debt's share of the balance-sheet total falls from 47.9% to 42.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€14,648▼
2023 · €83,783
Cash flow
€9,035▼
2023 · €61,106
Current ratio
2.33▲
2023 · 2.07
Debt to equity
0.74▼
2023 · 0.92
ROE
11.3%▼
2023 · 93.7%
ROA
6.5%▼
2023 · 48.9%
Interest coverage
71.06▼
2023 · 332.36
Debt ≤ 1 year
€53,627▼
2023 · €58,651
Income taxes
€5,406▼
2023 · €22,424
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€122,633€125,714▲
Fixed assets21/28€1,413€546▼
Tangible fixed assets22/27€1,413€546▼
Furniture and vehicles24€1,413€546▼
Current assets29/58€121,220€125,168▲
Amounts receivable within one year40/41€59,441€65,340▲
Trade receivables40€59,441€65,340▲
Cash at bank and in hand54/58€61,778€59,828▼
Equity and liabilities
Total equity and liabilities10/49€122,633€125,714▲
Equity10/15€63,918€72,087▲
Contributions10/11€4,000€4,000=
Reserves13€50,000€58,000▲
Distributable reserves133€50,000€58,000▲
Profit (loss) carried forward14€9,918€10,087▲
Amounts payable17/49€58,715€53,627▼
Amounts payable within one year42/48€58,651€53,627▼
Trade debts44€3,075€363▼
Suppliers440/4€3,075€363▼
Taxes, remuneration and social security45€55,576€50,919▼
Taxes450/3€42,276€35,823▼
Remuneration and social security454/9€13,300€15,096▲
Other amounts payable47/48-€2,344
Accrued charges and deferred income492/3€64-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,188€867▼
Other operating charges640/8€2,500€300▼
Gross operating margin9900€86,283€14,948▼
Operating profit (loss)9901€82,595€13,781▼
Financial charges65/66B€252€206▼
Recurring financial charges65€252€206▼
Profit (loss) for the period before taxes9903€82,343€13,575▼
Income taxes67/77€22,424€5,406▼
Profit (loss) for the period9904€59,918€8,168▼
Profit (loss) for the period to be appropriated9905€59,918€8,168▼
Appropriation of the result
Profit (loss) to be appropriated9906€59,918€18,087▼
Profit (loss) brought forward from the previous period14P-€9,918
Transfer to equity691/2€50,000€8,000▼
To other reserves6921€50,000€8,000▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,188€867▼ 27.0%
Other operating charges640/8€2,500€300▼ 88.0%
Gross operating margin9900€86,283€14,948▼ 82.7%
Operating profit (loss)9901€82,595€13,781▼ 83.3%
Financial charges65/66B€252€206▼ 18.2%
Recurring financial charges65€252€206▼ 18.2%
Profit (loss) for the period before taxes9903€82,343€13,575▼ 83.5%
Income taxes67/77€22,424€5,406▼ 75.9%
Profit (loss) for the period9904€59,918€8,168▼ 86.4%
Profit (loss) for the period to be appropriated9905€59,918€8,168▼ 86.4%
Line20232024Change
Assets
Total assets20/58€122,633€125,714▲ 2.5%
Fixed assets21/28€1,413€546▼ 61.3%
Tangible fixed assets22/27€1,413€546▼ 61.3%
Furniture and vehicles24€1,413€546▼ 61.3%
Current assets29/58€121,220€125,168▲ 3.3%
Amounts receivable within one year40/41€59,441€65,340▲ 9.9%
Trade receivables40€59,441€65,340▲ 9.9%
Cash at bank and in hand54/58€61,778€59,828▼ 3.2%
Equity and liabilities
Total equity and liabilities10/49€122,633€125,714▲ 2.5%
Equity10/15€63,918€72,087▲ 12.8%
Contributions10/11€4,000€4,000=
Reserves13€50,000€58,000▲ 16.0%
Distributable reserves133€50,000€58,000▲ 16.0%
Profit (loss) carried forward14€9,918€10,087▲ 1.7%
Amounts payable17/49€58,715€53,627▼ 8.7%
Amounts payable within one year42/48€58,651€53,627▼ 8.6%
Trade debts44€3,075€363▼ 88.2%
Suppliers440/4€3,075€363▼ 88.2%
Taxes, remuneration and social security45€55,576€50,919▼ 8.4%
Taxes450/3€42,276€35,823▼ 15.3%
Remuneration and social security454/9€13,300€15,096▲ 13.5%
Other amounts payable47/48-€2,344-
Accrued charges and deferred income492/3€64--
Line20232024Change
Profit (loss) for the period9904€59,918€8,168▼ 86.4%
+ Depreciation and write-downs630€1,188€867▼ 27.0%
Operating cash flow (approximation)€61,106€9,035▼ 85.2%
Investment in fixed assets (approximation)-€0-
Change in cash--€1,951-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
02-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jette · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
175 m²
Building footprint
136 m²
Volume, LiDAR
1,574 m³
Parcel 21464E0002/02N002, Brussels · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BLUEWATERS
Koningin Astridplein 11, 1090 JetteActivities of head offices; management consultancy activities
since 20222.333.965.005
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21464E0002/02N002 Brussels 175 m² 1 · 136 m² 18.9 m · 5 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.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 39,786 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
Founded19-05-2022
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
73300Public relations and communication consultancy
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
82990Other business support services
Contact
E-mail michael.vercauteren@bluewaters.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786366231
Also 9925:BE0786366231
Registered 19-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.