BLUEWATERS
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 30 April 2026 The financial year closed on 30 September 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 30-06-2025 PDF all 2 filings
Turnover
≈ €70,000
Estimated: probably between €34,000 and €140,000
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
Multi-year overview
2023 to 2024, 2 financial yearsOperating result
€13,781
▼ 83.3%
2024
20232024
Net result
€8,168
▼ 86.4%
2024
middle half of the sector
20232024
Equity
€72,087
▲ 12.8%
2024
middle half of the sector
20232024
Total assets
€125,714
▲ 2.5%
2024
middle half of the sector
20232024
Debt
€53,627
▼ 8.7%
2024
20232024
Working capital
€71,540
▲ 14.3%
2024
middle half of the sector
20232024
Solvency
57.3%
▲ 5.2pp
2024
middle half of the sector
20232024
Current ratio
2.33
▲ 0.27
2024
middle half of the sector
20232024
Return on assets (ROA)
6.5%
▼ 42.4pp
2024
middle half of the sector
20232024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20232024
Operating result€82,595-€13,781▼ 83.3%
Net result€59,918within the sector's middle half-€8,168within the sector's middle half▼ 86.4%
Equity€63,918within the sector's middle half-€72,087within the sector's middle half▲ 12.8%
Total assets€122,633within the sector's middle half-€125,714within the sector's middle half▲ 2.5%
Debt€58,715-€53,627▼ 8.7%
Working capital€62,569within the sector's middle half-€71,540within the sector's middle half▲ 14.3%
Solvency52.1%within the sector's middle half-57.3%within the sector's middle half▲ 5.2pp
Current ratio2.07within the sector's middle half-2.33within the sector's middle half▲ 0.27
Return on assets (ROA)48.9%above the sector's middle half-6.5%within the sector's middle half▼ 42.4pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 83% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
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
EBITDA
€14,648▼
2023 · €83,783
Cash flow
€9,035▼
2023 · €61,106
Debt to equity
0.74▼
2023 · 0.92
ROE
11.3%▼
2023 · 93.7%
Interest coverage
71.06▼
2023 · over 100
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.
Investments
| Item | 30-09-2023 | 30-09-2024 |
|---|---|---|
| Tangible fixed assets | €2,601 | - |
| Depreciation and write-downs of the year | €1,188 | €867 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| 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% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| 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 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.