Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2025.
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Late annual account NBB
Fiscal year 2025 was filed 291 days after the legal deadline.
Financials
Financial year 2025
GLOBAL BLUE BELGIUM from Zaventem, company number BE0432612575, closed financial year 2025 with a result of € 489,328 after tax. For that financial year GLOBAL BLUE BELGIUM recorded a gross margin of € 963,538 and equity of € 81,868. Compared with financial year 2024, the result moved from € 540,788 to € 489,328. The company is profitable. The buffer shrank hard: equity is 97 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2026.
€ 81,868
▼ 97% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 489,328
▼ 10% vs 2024
Profit after tax over the fiscal year.
€ 420,528
▲ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
7.1
Average over the fiscal year, from the social balance sheet.
€ 722,550
▲ 7% vs 2024
€ 101,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 21,497
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6.7 million
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 424,732
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,119,320 | - | - | - | |
| Gross margin | - | € 842,689 | € 1,044,953 | € 963,538 | ▼ 8% |
| Profit after taxes | € -176,916 | € 142,286 | € 540,788 | € 489,328 | ▼ 10% |
| Equity | € 1,902,515 | € 2,044,801 | € 2,585,590 | € 81,868 | ▼ 97% |
| Total debts | € 3,477,131 | € 4,366,121 | € 5,898,400 | € 10,156,788 | ▲ 72% |
| Cash | € 160,183 | € 158,479 | € 235,719 | € 420,528 | ▲ 78% |
| Retained profit | € 1,828,147 | € 1,970,433 | € 2,511,222 | € 7,500 | ▼ € 2.5 million |
| Dividend | € 0 | € 0 | € 0 | € 2,993,050 | |
| Balance sheet total | € 5,379,646 | € 6,410,922 | € 8,483,990 | € 10,238,656 | ▲ 21% |
| Employees (FTE) | 7.8 | 7.4 | 7.1 | 7.1 |
Key figures of GLOBAL BLUE BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to GLOBAL BLUE BELGIUM?
What happened at GLOBAL BLUE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jorn Hoogesteyn stepped down as director. NBB
- Roxane Dufour stepped down as director. NBB
- Jeremy Henderson-Ross stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Roxane Dufour became a director. NBB
- Jorn Hoogesteyn became a director. NBB
- Jeremy Henderson-Ross became a director. NBB
- New establishment in Zaventem. KBO
In short
From € 176,916 loss in 2022 to € 489,328 profit in 2025.
Paid € 406,479 in corporate taxes since 2022.
Best year ever: 2024, with € 540,788 profit.
On average € 135,700 of value added per employee in 2025.
A new publication or filing at GLOBAL BLUE BELGIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by GLOBAL BLUE HOLLAND bv (83.3%) and GLOBAL BLUE HOLDINGS AB (16.7%).
Directors
According to the 2025 annual accounts
Jorn Hoogesteyn
Director
since 2021 · until 2027
Roxane Dufour
Director
since 2022 · until 2027
Jeremy Henderson-Ross
Director
since 2021 · until 2027
Shareholders
GLOBAL BLUE HOLLAND bv
83.3%
GLOBAL BLUE HOLDINGS AB
16.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Excelsiorlaan 23
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DIGICERT - Tiggee LLC, US
Domain
Domain
globalblue.com
Registered
1997-08-25
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-08-24
Website info
Features
Security
Network
Details
- Company number
- 0432.612.575
- VAT number
- BE 0432.612.575
- Registered office
- Excelsiorlaan 23, 1930 Zaventem
- Names & denominations
- GLOBAL BLUE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 1987
- Peppol
- Active · Active since 18 Dec 2025
- Contact
- globalblue.com
- Activities · NACE
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Ondersteunende activiteiten i.v.m. financiële instellingen, n.e.g.
Handelsbemiddeling in goederen, algemeen assortiment
Handelsbemiddeling in de niet-gespecialiseerde groothandel