Result
Back in profit in 2025, after a loss of €80,269 in 2024.
Back in profit in 2025, after a loss of €80,269 in 2024.
Of this, €1.7m falls due within a year.
Between 2023 and 2025, 28% of the full-time equivalents disappeared.
Eight of the last ten came late. The 2023 accounts came latest: 43 days after the end of the period.
New directors. Latest change 01-04-2026 · 2 in office.
Lower solvency than 83% of companies in wholesale trade. Sector median 44.1% · 10,745 companies.
In July 2024, 4,508 companies had the same profile as Half Blue has now. Each dot stands for 12 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for Half Blue. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Half Blue Aartselaar | €2.0m | €0.7m | 10.8% | 7.9 |
| TRISTEL Antwerp | €1.9m | €0.9m | 73.3% | 8.3 |
| EUREKA PHARMA Kuurne | €1.9m | €0.7m | 85.5% | 7.2 |
| HYSOP Kuurne | €2.5m | €0.8m | 45.8% | 7 |
| Sakura Finetek Belgium Antwerp | €1.9m | €1.2m | 53.8% | 6.5 |
| ORTHOBROKER Ranst | €1.1m | €0.8m | 35.3% | 9.8 |
| VITA NOVA SUPRA Beringen | €1.8m | €0.8m | 62.3% | 7.3 |
These companies have the same main activity as Half Blue: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €1.1m and €2.5m, founded between 2005 and 2011.
Half Blue files the abbreviated format. That format states no turnover. The gross margin rose from €9,503 in 2008 to €685,735 in 2025.
In 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 16% of 10,745 companies in 2025.
Higher than 19% of 10,577 companies in 2025.
Higher than 27% of 10,675 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter
Not in that year's accounts.
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 3 left.
| Line | Trend | 2025 | 2024 | 2023 | 202218 months | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 200811 months |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
2.0m | 2.6m | 2.8m | 1.7m | 1.2m | 1.6m | 868,466 | 841,532 | 600,305 | 432,423 | 376,834 | 245,291 | 239,883 | 136,798 | 22,592 | 17,998 | 25,004 | 29,499 | |
21/28 |
262,612 | 333,658 | 385,222 | 361,952 | 447,637 | 502,454 | 337,920 | 242,584 | 156,028 | 101,124 | 92,339 | 99,263 | 68,433 | 37,962 | 6,991 | - | - | - | |
21 |
27,138 | 61,911 | 119,859 | 131,183 | 213,679 | 257,512 | 69,097 | 36,829 | 26,535 | - | - | - | - | - | - | - | - | - | |
22/27 |
219,586 | 255,859 | 249,475 | 215,443 | 228,028 | 241,512 | 265,613 | 200,675 | 126,503 | 101,124 | 92,339 | 99,263 | 68,433 | 37,962 | 6,991 | - | - | - | |
23 |
13,674 | 19,791 | 12,112 | 17,737 | 18,399 | 4,198 | 1,034 | 2,234 | 2,293 | 827 | 1,173 | 1,870 | 2,063 | 3,611 | 5,995 | - | - | - | |
24 |
47,382 | 72,433 | 96,807 | 118,622 | 55,003 | 33,120 | 35,524 | 19,633 | 920 | 2,132 | 15,046 | 19,413 | 4,180 | 498 | 996 | - | - | - | |
26 |
158,530 | 163,635 | 140,556 | 79,084 | 154,626 | 204,194 | 229,055 | 178,808 | 123,290 | 86,408 | 47,864 | 33,224 | 934 | 14,881 | - | - | - | - | |
28 |
15,888 | 15,888 | 15,888 | 15,326 | 5,930 | 3,430 | 3,210 | 5,080 | 2,990 | - | - | - | - | - | - | - | - | - | |
284/8 |
- | - | - | 15,326 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
285/8 |
- | - | - | 15,326 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
1.7m | 2.3m | 2.4m | 1.3m | 718,850 | 1.1m | 530,546 | 598,948 | 444,277 | 331,299 | 284,495 | 146,028 | 171,450 | 98,836 | 15,601 | 17,998 | 25,004 | 29,499 | |
3 |
854,342 | 1.5m | 1.6m | 460,628 | 234,794 | 255,164 | 199,023 | 164,870 | 132,332 | 75,120 | 71,251 | 35,046 | 26,199 | 34,445 | 4,127 | - | - | - | |
30/36 |
854,342 | 1.5m | 1.6m | 460,628 | 234,794 | 255,164 | 199,023 | 164,870 | 132,332 | 75,120 | 71,251 | 35,046 | 26,199 | 34,445 | 4,127 | - | - | - | |
30/31 |
- | - | - | 1,350 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
34 |
- | - | - | 459,278 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
661,094 | 637,727 | 642,063 | 571,013 | 402,493 | 725,541 | 292,742 | 311,844 | 244,172 | 195,913 | 192,697 | 59,889 | 129,648 | 60,892 | 7,309 | 1,720 | 6,498 | 3,038 | |
40 |
628,971 | 619,530 | 608,632 | 542,436 | 368,583 | 725,024 | 264,496 | 311,695 | 244,001 | 192,160 | 115,546 | 58,315 | 128,817 | 60,513 | 4,418 | - | 6,089 | 3,038 | |
41 |
32,124 | 18,197 | 33,431 | 28,577 | 33,910 | 517 | 28,246 | 149 | 171 | 3,753 | 77,151 | 1,574 | 831 | 379 | 2,891 | 1,720 | 409 | - | |
54/58 |
204,005 | 155,598 | 137,130 | 92,171 | 72,182 | 128,625 | 17,987 | 95,148 | 54,035 | 50,914 | 19,496 | 50,170 | 14,570 | 2,743 | 4,165 | 16,278 | 18,506 | 26,461 | |
490/1 |
30,349 | 27,371 | 18,975 | 221,046 | 9,381 | 10,282 | 20,794 | 27,086 | 13,738 | 9,352 | 1,051 | 923 | 1,033 | 756 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
2.0m | 2.6m | 2.8m | 1.7m | 1.2m | 1.6m | 868,466 | 841,532 | 600,305 | 432,423 | 376,834 | 245,291 | 239,883 | 136,798 | 22,592 | 17,998 | 25,004 | 29,499 | |
10/15 |
216,397 | 212,774 | 293,043 | 186,436 | 119,620 | 173,155 | 127,411 | 122,378 | 79,397 | 52,164 | 16,424 | 28,476 | 15,450 | 14,711 | -3,086 | 17,812 | 23,803 | 24,546 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
197,797 | 194,174 | 274,443 | 167,836 | 101,020 | 154,555 | 108,811 | 103,778 | 60,797 | 33,564 | 1,860 | 9,876 | 1,860 | 1,860 | 5,945 | 5,945 | 5,946 | 5,946 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
195,937 | 192,314 | 272,583 | 165,976 | 99,160 | 152,695 | 106,951 | 101,918 | 58,937 | 31,704 | - | 8,016 | - | - | 4,085 | 4,085 | 4,086 | 4,086 | |
14 |
- | - | - | - | - | - | - | - | - | - | -4,036 | - | -5,010 | -5,749 | -27,631 | -6,733 | -743 | - | |
16 |
- | - | - | - | - | - | - | - | - | - | 20,585 | 14,415 | 6,791 | 753 | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | 20,585 | 14,415 | 6,791 | 753 | - | - | - | - | |
17/49 |
1.8m | 2.4m | 2.5m | 1.5m | 1.0m | 1.4m | 741,055 | 719,154 | 520,908 | 380,259 | 339,825 | 202,400 | 217,642 | 121,334 | 25,678 | 186 | 1,201 | 4,953 | |
17 |
11,786 | 34,348 | 79,338 | 192,563 | 322,693 | 436,638 | 204,330 | 152,919 | 101,511 | 76,519 | 82,627 | 62,732 | 52,966 | 17,889 | - | - | - | - | |
170/4 |
11,786 | 34,348 | 79,338 | 192,563 | 322,693 | 436,638 | 204,330 | 152,919 | 101,511 | 76,519 | 82,627 | 62,732 | 52,966 | 17,889 | - | - | - | - | |
173 |
- | - | - | 192,563 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
1.7m | 2.4m | 2.4m | 1.3m | 693,665 | 996,203 | 508,754 | 453,689 | 379,308 | 230,612 | 173,490 | 68,302 | 128,470 | 92,959 | 25,678 | 186 | 1,201 | 4,953 | |
42 |
16,251 | 39,734 | 113,227 | 142,449 | 149,580 | 93,167 | 78,956 | 67,288 | 62,941 | 51,502 | 61,718 | 37,239 | 22,834 | 4,335 | - | - | - | - | |
43 |
108,273 | 237,071 | 267,901 | 243,598 | 226,279 | 313,773 | 218,869 | 218,602 | 113,669 | 25,000 | 15,000 | - | 50,000 | 42,000 | 22,000 | - | - | - | |
430/8 |
108,273 | 237,071 | 267,901 | 243,598 | 226,279 | 313,773 | 218,869 | 218,602 | 113,669 | 25,000 | 15,000 | - | 50,000 | 42,000 | 22,000 | - | - | - | |
44 |
99,806 | 678,000 | 1.1m | 633,981 | 281,179 | 268,350 | 179,435 | 124,272 | 53,768 | 100,612 | 88,624 | 21,556 | 38,666 | 22,266 | 2,328 | - | 1,201 | 1,694 | |
440/4 |
99,806 | 678,000 | 1.1m | 633,981 | 281,179 | 268,350 | 179,435 | 124,272 | 53,768 | 100,612 | 88,624 | 21,556 | 38,666 | 22,266 | 2,328 | - | 1,201 | 1,694 | |
46 |
54 | 1,819 | 957 | - | - | - | - | - | 85,189 | 14,791 | 55 | - | - | - | - | - | - | - | |
45 |
42,262 | 51,292 | 38,855 | 36,031 | 35,986 | 120,272 | 31,494 | 43,527 | 23,961 | 38,707 | 8,093 | 9,455 | 16,970 | 6,770 | 1,350 | 186 | - | 3,259 | |
450/3 |
2,262 | 13,535 | 1,278 | 45 | - | 95,272 | 6,889 | 11,029 | 19,449 | 31,258 | 2,702 | 6,127 | 13,802 | 2,472 | 186 | 186 | - | 3,259 | |
454/9 |
40,000 | 37,756 | 37,577 | 35,986 | 35,986 | 25,000 | 24,605 | 32,498 | 4,512 | 7,449 | 5,391 | 3,328 | 3,168 | 4,298 | 1,164 | - | - | - | |
47/48 |
1.4m | 1.4m | 845,144 | 210,980 | 641 | 200,641 | - | - | 39,780 | - | - | 52 | - | 17,588 | - | - | - | - | |
492/3 |
104,599 | 2,068 | 2,068 | 60,772 | 30,509 | 16,070 | 27,971 | 112,546 | 40,089 | 73,128 | 83,708 | 71,366 | 36,206 | 10,486 | - | - | - | - | |
| Income statement | |||||||||||||||||||
70/76A |
- | - | - | 4.0m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
70 |
- | - | - | 3.9m | - | - | - | - | - | - | - | - | - | - | - | - | - | 29,671 | |
74 |
- | - | - | 100,789 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
685,735 | 852,732 | 1.0m | - | 491,745 | 889,206 | 448,101 | 411,537 | 269,938 | 180,119 | 88,827 | 97,146 | 79,950 | 78,960 | -8,970 | -847 | -465 | 9,503 | |
60/66A |
- | - | - | 3.9m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,168 | |
60 |
- | - | - | 2.3m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
600/8 |
- | - | - | 2.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
609 |
- | - | - | -225,834 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
61 |
- | - | - | 612,826 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
62 |
435,138 | 665,368 | 591,885 | 632,620 | 360,213 | 363,184 | 322,479 | 275,851 | 158,744 | 99,376 | 50,443 | 37,687 | 32,090 | 45,975 | 9,498 | - | - | - | |
630 |
119,123 | 163,133 | 180,706 | 251,346 | 167,941 | 149,465 | 101,077 | 71,261 | 65,837 | 45,407 | 37,601 | 31,349 | 22,500 | 10,239 | 1,997 | - | - | - | |
631/4 |
0 | 40,605 | 3,234 | - | - | 19,462 | - | - | - | - | 5,162 | 60 | 362 | 1,403 | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | -20,585 | 6,170 | 7,624 | 6,037 | 754 | - | - | - | - | |
640/8 |
60,904 | 35,004 | 75,591 | 86,267 | 2,006 | 2,238 | 6,651 | 333 | 140 | 1,088 | 805 | 1,346 | 848 | 471 | 348 | 348 | 347 | 695 | |
66A |
0 | 66 | - | 0 | 12,084 | - | - | - | - | 302 | - | 148 | 14,173 | - | - | 4,800 | - | - | |
9901 |
70,570 | -51,444 | 176,244 | 122,387 | -50,499 | 354,857 | 17,894 | 64,092 | 45,217 | 54,833 | -11,354 | 19,080 | 18,113 | 20,118 | -20,813 | -1,195 | -812 | 8,808 | |
75/76B |
679 | 3,414 | 5,730 | 5,947 | 12,826 | 21,525 | 10,473 | 15,096 | 8,203 | 3,684 | 3,268 | 4,221 | 38 | 2 | 27 | 47 | 432 | 225 | |
75 |
679 | 3,414 | 5,730 | 5,947 | 12,826 | 21,525 | 10,473 | 15,096 | 8,203 | 3,684 | 3,268 | 4,221 | 38 | 2 | 27 | 47 | 432 | 225 | |
752/9 |
- | - | - | 5,947 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
79,968 | 29,654 | 23,251 | 27,118 | 15,211 | 22,162 | 11,551 | 7,285 | 8,233 | 5,265 | 3,852 | 4,000 | 3,209 | 2,325 | 113 | 42 | 38 | 25 | |
65 |
79,968 | 29,654 | 23,251 | 27,118 | 15,211 | 22,162 | 11,551 | 7,285 | 8,233 | 5,265 | 3,852 | 4,000 | 3,209 | 2,325 | 113 | 42 | 38 | 25 | |
650 |
- | - | - | 17,304 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
652/9 |
- | - | - | 9,814 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-8,718 | -77,684 | 158,722 | 101,216 | -52,884 | 354,220 | 16,816 | 71,903 | 45,187 | 52,950 | -11,938 | 19,153 | 769 | 17,795 | -20,899 | -5,990 | -418 | 9,008 | |
67/77 |
-12,341 | 2,585 | 52,115 | 34,400 | 651 | 108,476 | 11,783 | 28,922 | 17,954 | 17,210 | 113 | 6,127 | 30 | - | -1 | - | 325 | 3,062 | |
670/3 |
- | - | - | 34,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
3,623 | -80,269 | 106,607 | 66,816 | -53,535 | 245,744 | 5,033 | 42,981 | 27,233 | 35,740 | -12,051 | 13,026 | 739 | 17,795 | -20,898 | -5,990 | -743 | 5,946 | |
9905 |
3,623 | -80,269 | 106,607 | 66,816 | -53,535 | 245,744 | 5,033 | 42,981 | 27,233 | 35,740 | -12,051 | 13,026 | 739 | 17,795 | -20,898 | -5,990 | -743 | 5,946 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
3,623 | -80,269 | 106,607 | 66,816 | -53,535 | 245,744 | 5,033 | 42,981 | 27,233 | 31,704 | -12,051 | 8,016 | -5,010 | -9,836 | -27,631 | -6,733 | -743 | 5,946 | |
791/2 |
0 | 80,269 | - | 0 | 53,535 | - | - | - | - | - | 8,015 | - | - | 4,087 | - | - | - | - | |
792 |
- | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
3,623 | 0 | 106,607 | 66,816 | - | 45,744 | 5,033 | 42,981 | 27,233 | 31,704 | - | 8,016 | - | - | - | - | - | 5,946 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
3,623 | 0 | 106,607 | 66,816 | - | 45,744 | 5,033 | 42,981 | 27,233 | 31,704 | - | 8,016 | - | - | - | - | - | 4,086 | |
694/7 |
- | - | - | - | - | 200,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | 200,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
7.9 | 10.4 | 10.9 | 7.9 | 7.8 | 7.8 | 6.6 | 5.1 | 4.4 | 2.1 | 1 | 1 | 1 | 1 | 0.3 | - | - | - | |
Men (FTE)1003 |
- | - | - | 4.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Women (FTE)1003 |
- | - | - | 3.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
12,286 | 17,455 | 18,090 | 13,397 | 12,098 | 11,612 | 11,600 | 8,730 | 4,125 | 3,730 | 2,182 | 1,744 | 1,859 | 1,810 | 496 | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 20 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 13-08-2026.
2025 annual accounts filed 13 days after the deadline. Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00396798.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-08-2026 | 2026-00396798 | |
| 31-12-2024 | abbreviated format | 03-09-2025 | 2025-00482353 | |
| 31-12-2023 | abbreviated format | 12-09-2024 | 2024-00459706 | |
| 31-12-2022 | full format | 28-08-2023 | 2023-00410568 | |
| 30-06-2021 | abbreviated format | 23-02-2022 | 2022-06200070 | |
| 30-06-2020 | abbreviated format | 19-02-2021 | 2021-05700314 | |
| 30-06-2019 | abbreviated format | 04-02-2020 | 2020-04400502 | |
| 30-06-2018 | abbreviated format | 06-02-2019 | 2019-04600474 | |
| 30-06-2017 | abbreviated format | 26-01-2018 | 2018-02500474 | |
| 30-06-2016 | abbreviated format | 29-12-2016 | 2016-72000455 | |
| 30-06-2015 | abbreviated format | 22-12-2015 | 2015-69600186 | |
| 30-06-2014 | abbreviated format | 15-01-2015 | 2015-01000509 | |
| 30-06-2013 | abbreviated format | 10-01-2014 | 2014-00400379 | |
| 30-06-2012 | abbreviated format | 15-02-2013 | 2013-03500345 | |
| 30-06-2011 | abbreviated format | 14-02-2012 | 2012-03100383 | |
| 30-06-2010 | abbreviated format | 20-12-2010 | 2010-63400496 | |
| 30-06-2009 | abbreviated format | 05-02-2010 | 2010-03600296 | |
| 30-06-2008 | abbreviated format | 10-02-2009 | 2009-03800206 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €682 | €682 |
| 2023 | 2 | €610 | €610 |
| 2022 | 2 | €3,117 | €3,117 |
| Line | Trend | 2025 | 2024 | 2023 | 202218 months | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 200811 months |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 189,694 | 111,689 | 356,950 | 373,733 | 117,442 | 504,322 | 118,971 | 135,353 | 111,054 | 100,240 | 26,247 | 50,429 | 40,613 | 30,357 | -18,816 | - | - | - | ||
| 122,746 | 82,864 | 287,314 | 318,162 | 114,406 | 395,209 | 106,110 | 114,242 | 93,070 | 81,147 | 25,550 | 44,375 | 23,239 | 28,034 | -18,901 | - | - | - | ||
| 48,078 | 111,569 | 206,967 | 170,426 | 125,208 | 313,999 | 198,283 | 157,817 | 120,741 | 68,455 | 30,678 | 66,358 | 67,142 | 41,211 | 8,987 | - | - | - | ||
| 48,408 | 18,467 | 44,959 | 19,989 | -56,443 | 110,638 | -77,161 | 41,113 | 3,121 | 31,418 | -30,674 | 35,600 | 11,827 | -1,422 | -12,113 | -2,228 | -7,955 | - | ||
| 70,170 | -84,467 | -10,773 | 77,819 | 25,185 | 123,409 | 21,792 | 145,259 | 64,969 | 100,687 | 111,005 | 77,726 | 42,980 | 5,877 | -10,077 | 17,812 | 23,803 | 24,546 | ||
| - | - | - | 3.1% | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.7% | ||
| 10.8% | 8.0% | 10.5% | 10.9% | 10.3% | 10.7% | 14.7% | 14.5% | 13.2% | 12.1% | 4.4% | 11.6% | 6.4% | 10.8% | -13.7% | 99.0% | 95.2% | 83.2% | ||
| 1.04 | 0.96 | 1.00 | 1.06 | 1.04 | 1.12 | 1.04 | 1.32 | 1.17 | 1.44 | 1.64 | 2.14 | 1.33 | 1.06 | 0.61 | 96.76 | 20.82 | 5.96 | ||
| 0.53 | 0.34 | 0.33 | 0.70 | 0.70 | 0.87 | 0.65 | 0.96 | 0.82 | 1.11 | 1.23 | 1.62 | 1.13 | 0.69 | 0.45 | 96.76 | 20.82 | 5.96 | ||
| 8.30 | 11.44 | 8.50 | 8.15 | 8.75 | 8.37 | 5.82 | 5.88 | 6.56 | 7.29 | 20.69 | 7.11 | 14.09 | 8.25 | - | 0.01 | 0.05 | 0.20 | ||
| 1.7% | -37.7% | 36.4% | 35.8% | -44.8% | 141.9% | 4.0% | 35.1% | 34.3% | 68.5% | -73.4% | 45.7% | 4.8% | 121.0% | - | -33.6% | -3.1% | 24.2% | ||
| 0.2% | -3.0% | 3.8% | 3.9% | -4.6% | 15.2% | 0.6% | 5.1% | 4.5% | 8.3% | -3.2% | 5.3% | 0.3% | 13.0% | -92.5% | -33.3% | -3.0% | 20.2% | ||
| 2.37 | 3.77 | 15.35 | 21.60 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | 51 days | - | - | - | - | - | - | - | - | - | - | - | - | - | 37 days | ||
| - | - | - | 80 days | - | - | - | - | - | - | - | - | - | - | - | - | - | 31 days |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 9 | 12 | 9 |
| full-time | 7 | 8 | 11 | 7 |
| part-time | 0 | 1 | 1 | 2 |
| in full-time equivalents | 7 | 8.8 | 11.8 | 8.4 |
| 7.9 | 10.4 | 10.9 | 7.9 | |
| On a permanent contract | 7 | 9 | 12 | 9 |
| Joined | 1 | 5 | 7 | 6 |
| Left | 3 | 8 | 4 | 5 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €47,898 | €95,065 | €123,978 | €126,421 |
| Intangible fixed assets | €180 | €16,503 | €79,436 | €44,005 |
| Financial fixed assets | €0 | - | €3,552 | €0 |
| €119,123 | €163,133 | €180,706 | €251,346 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
The operating result for 2025 is a profit of €70,570, after a loss of €51,444 in 2024.
Debt's share of the balance-sheet total falls from 92.0% to 89.2%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Half Blue has no parent and no holdings in its annual accounts.
via , at Half Blue, last mentioned in 2022 · Managing director · deed of 24-07-2018 founded in 2016 · negative equity (2025) · accounts filed late |
total assets €1,753 (2025) |
via (at Half Blue, last mentioned in 2022) and (at Half Blue until 2022) · deeds of 28-08-2023 and 12-04-2016 founded in 1993 |
2.7 FTE (2025) |
via , at Half Blue until 2022 · Manager · deed of 17-10-2017 founded in 2017 |
2.8 FTE (2025) |
via , at Half Blue, last mentioned in 2022 · Director (not named in the articles) · deed of 28-08-2023 founded in 1995 |
total assets €85,440 (2025) |
via , at Half Blue, last mentioned in 2022 · Director · deed of 24-07-2018 |
founded in 2014 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Boomsesteenweg 81-83 registered office 2630 Aartselaar | 02-08-2007 | 2.164.712.475 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11001B0341/00K000 | 6,169 m² | 1 · 2,286 m² | 9.9 m · 3 |
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