BLUETECHNOLOGY
ActiveSummary
BLUETECHNOLOGY has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56k and a net result of €5k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 61% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+1
Solvency78▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 2.16 in 2023; short-term debt: 47% and cash: 0.6% of total assets), and 47% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
53%
Return on assets
5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
71 d late
2022
74 d late
2021
263 d late
2018
29 d late
2015
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€56k▲ 10.5%
2023 · €50k
2018: €-10klowest value
2021: €12k
2022: €46k▲ +299% vs 2021
2023: €50k▲ +9.0% vs 2022
2024: €56k▲ +10.5% vs 2023highest value
2018 → 2024
Total assets
€105k▲ 12.4%
2023 · €94k
2018: €48k
2021: €41klowest value
2022: €82k▲ +100% vs 2021
2023: €94k▲ +13.6% vs 2022
2024: €105k▲ +12.4% vs 2023highest value
2018 → 2024
Net result
€5k▲ 27.3%
2023 · €4k
2018: €23k
2021: €3klowest value
2022: €35k▲ +923% vs 2021highest value
2023: €4k▼ -88.0% vs 2022
2024: €5k▲ +27.3% vs 2023
2018 → 2024
Working capital
€56k▲ 10.7%
2023 · €50k
2018: €-13klowest value
2021: €12k
2022: €46k▲ +299% vs 2021
2023: €50k▲ +8.4% vs 2022
2024: €56k▲ +10.7% vs 2023highest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182021202220232024Trend
Equity€-10k-€12k€46k▲ 299%€50k▲ 9.0%€56k▲ 10.5%
2018: €-10klowest value
2021: €12k
2022: €46k▲ +299% vs 2021
2023: €50k▲ +9.0% vs 2022
2024: €56k▲ +10.5% vs 2023highest value
Operating result€24k-€4k▼ 81.2%€44k▲ 892%€6k▼ 86.6%€5k▼ 12.7%
2018: €24k
2021: €4klowest value
2022: €44k▲ +892% vs 2021highest value
2023: €6k▼ -86.6% vs 2022
2024: €5k▼ -12.7% vs 2023
Net result€23k-€3k▼ 85.0%€35k▲ 923%€4k▼ 88.0%€5k▲ 27.3%
2018: €23k
2021: €3klowest value
2022: €35k▲ +923% vs 2021highest value
2023: €4k▼ -88.0% vs 2022
2024: €5k▲ +27.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105k
Fixed assets
€202 ▼ 26.3%
Current assets
€105k ▲ 12.5%
Equity and liabilities €105k
Equity
€56k ▲ 10.5%
Debt
€49k ▲ 14.6%
Debt's share of the balance-sheet total rises from 46.1% to 47.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▼
2023 · €6k
Cash flow
€5k▲
2023 · €4k
Current ratio
2.12▼
2023 · 2.16
Debt to equity
0.89▲
2023 · 0.85
ROE
9.5%▲
2023 · 8.2%
ROA
5.0%▲
2023 · 4.4%
Interest coverage
21.96▲
2023 · 18.30
Debt ≤ 1 year
€49k▲
2023 · €43k
Income taxes
€3k▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€94k€105k▲
Fixed assets21/28€274€202▼
Tangible fixed assets22/27€274€202▼
Furniture and vehicles24€274€202▼
Current assets29/58€93k€105k▲
Amounts receivable within one year40/41€93k€104k▲
Trade receivables40€39k€57k▲
Other amounts receivable41€54k€47k▼
Cash at bank and in hand54/58€182€593▲
Deferred charges and accrued income490/1€19-
Equity and liabilities
Total equity and liabilities10/49€94k€105k▲
Equity10/15€50k€56k▲
Contributions10/11€16k€16k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€32k€38k▲
Amounts payable17/49€43k€49k▲
Amounts payable within one year42/48€43k€49k▲
Financial debts43€218-
Credit institutions430/8€218-
Trade debts44€24k€39k▲
Suppliers440/4€24k€39k▲
Taxes, remuneration and social security45€18k€10k▼
Taxes450/3€18k€10k▼
Income statement
Code20232024
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14€72▲
Other operating charges640/8€735€419▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€9k€6k▼
Operating profit (loss)9901€6k€5k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€326€240▼
Recurring financial charges65€326€240▼
Profit (loss) for the period before taxes9903€8k€8k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€4k€5k▲
Profit (loss) for the period to be appropriated9905€4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€38k▲
Profit (loss) brought forward from the previous period14P€28k€32k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €201 | - | €14 | €72 | ▲ 414% |
| Other operating charges640/8 | - | €3k | €2k | €735 | €419 | ▼ 43.0% |
| Non-recurring operating charges66A | - | €2k | - | €2k | - | - |
| Gross operating margin9900 | €28k | €10k | €46k | €9k | €6k | ▼ 36.7% |
| Operating profit (loss)9901 | €24k | €4k | €44k | €6k | €5k | ▼ 12.7% |
| Financial income75/76B | - | €1k | €2k | €3k | €3k | ▲ 13.3% |
| Recurring financial income75 | €2 | €1k | €2k | €3k | €3k | ▲ 13.3% |
| Financial charges65/66B | - | €372 | €717 | €326 | €240 | ▼ 26.4% |
| Recurring financial charges65 | €1k | €372 | €717 | €326 | €240 | ▼ 26.4% |
| Profit (loss) for the period before taxes9903 | €23k | €5k | €46k | €8k | €8k | ▼ 3.9% |
| Income taxes67/77 | - | €2k | €12k | €4k | €3k | ▼ 35.5% |
| Profit (loss) for the period9904 | €23k | €3k | €35k | €4k | €5k | ▲ 27.3% |
| Profit (loss) for the period to be appropriated9905 | €23k | €3k | €35k | €4k | €5k | ▲ 27.3% |
| Line | 2018 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €41k | €82k | €94k | €105k | ▲ 12.4% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €3k | - | €0 | €274 | €202 | ▼ 26.3% |
| Tangible fixed assets22/27 | €3k | - | €0 | €274 | €202 | ▼ 26.3% |
| Furniture and vehicles24 | - | - | €0 | €274 | €202 | ▼ 26.3% |
| Current assets29/58 | €45k | €41k | €82k | €93k | €105k | ▲ 12.5% |
| Stocks and contracts in progress3 | €3k | €2k | - | - | - | - |
| Stocks30/36 | - | €2k | - | - | - | - |
| Amounts receivable within one year40/41 | €34k | €39k | €82k | €93k | €104k | ▲ 12.1% |
| Trade receivables40 | - | €10k | €31k | €39k | €57k | ▲ 45.3% |
| Other amounts receivable41 | - | €29k | €51k | €54k | €47k | ▼ 12.3% |
| Cash at bank and in hand54/58 | €8k | €21 | €575 | €182 | €593 | ▲ 226% |
| Deferred charges and accrued income490/1 | - | - | - | €19 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €41k | €82k | €94k | €105k | ▲ 12.4% |
| Equity10/15 | €-10k | €12k | €46k | €50k | €56k | ▲ 10.5% |
| Contributions10/11 | €16k | €16k | €16k | €16k | €16k | = |
| Outside capital11 | - | €16k | - | - | - | - |
| Other1109/19 | - | €16k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-28k | €-7k | €28k | €32k | €38k | ▲ 16.3% |
| Amounts payable17/49 | €58k | €30k | €36k | €43k | €49k | ▲ 14.6% |
| Amounts payable within one year42/48 | €58k | €30k | €36k | €43k | €49k | ▲ 14.6% |
| Financial debts43 | - | - | - | €218 | - | - |
| Credit institutions430/8 | - | - | - | €218 | - | - |
| Trade debts44 | €49k | €23k | €21k | €24k | €39k | ▲ 60.1% |
| Suppliers440/4 | - | €23k | €21k | €24k | €39k | ▲ 60.1% |
| Taxes, remuneration and social security45 | - | €7k | €15k | €18k | €10k | ▼ 44.5% |
| Taxes450/3 | - | €7k | €15k | €18k | €10k | ▼ 44.5% |
| Line | 2018 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €3k | €35k | €4k | €5k | ▲ 27.3% |
| + Depreciation and write-downs630 | €1k | €201 | - | €14 | €72 | ▲ 414% |
| Operating cash flow (approximation) | €24k | €4k | €35k | €4k | €5k | ▲ 28.7% |
| Investment in fixed assets (approximation) | - | - | - | €-288 | €0 | ▲ 100% |
| Change in cash | - | - | €554 | €-393 | €411 | ▲ 205% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 263 days late
2022
31-12
Financial
Highest result since 2018net €35k ▲923%
Operating result €44k, net result €35k, both a record.
2021
31-12
Financial
Weakest financial yearnet €3k ▼85%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
30-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 30 days late
2013
31-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 153 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are 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, Clavier · 1 establishment unit since 2003
Ground area
7,881 m²
Building footprint
168 m²
Volume, LiDAR
759 m³
Parcel 61012G0088/00P002, Wallonia · tallest building 15.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BLUETECHNOLOGY
since 20032.132.467.893
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61012G0088/00P002 | Wallonia | 7,881 m² | 1 · 168 m² | 15.7 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.
Similar companies · same sector, comparable size
Vonk
BE 0761.371.707
Kontich · Eq €55,562
B.P.R.
BE 0477.307.504
Heusden-Zolder · Eq €55,965
SOCIETE EUROPEENNE DE TRANSFORMATION DE MATIERES
BE 0415.027.069
Herstal · Eq €56,639
RAIDHO
BE 0467.695.495
Oudsbergen · Eq €54,736
ETS TILGENKAMP
BE 0644.530.059
Eupen · Eq €56,853
Of 1,246 companies in sector 46643 we hold annual accounts for 954. 473 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
Founded15-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
43230Insulation installation
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
47552Retail sale of lighting equipment
47742Retail sale of prescription glasses, lenses and sunglasses
59113Video and film production, excluding cinema and television films
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.