Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BLUE BAY from Tielt-Winge, company number BE0472198869, closed financial year 2025 with a result of € 43,323 after tax. For that financial year BLUE BAY recorded a gross margin of € 69,517 and equity of € 89,886. Compared with financial year 2024, the result moved from € 25,434 to € 43,323. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 19, 2026.
€ 89,886
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,323
▲ 70% vs 2024
Profit after tax over the fiscal year.
€ 40,235
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 43,000 paid out
99 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 2,622
▼ 91% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,966
▼ 62% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 79,330
▲ 107% vs 2024
€ 28,263 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 27,870
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,682
▲ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 81,256 | € 76,544 | € 103,209 | € 69,517 | ▼ 33% |
| Profit after taxes | € 33,450 | € 1,467 | € 25,434 | € 43,323 | ▲ 70% |
| Equity | € 74,663 | € 76,129 | € 89,564 | € 89,886 | |
| Total debts | € 155,614 | € 220,882 | € 261,066 | € 278,768 | ▲ 7% |
| Cash | € 28,250 | € 7,574 | € 29,904 | € 40,235 | ▲ 35% |
| Land & buildings | € 990 | € 990 | € 990 | € 990 | |
| Retained profit | € 56,063 | € 57,529 | € 70,964 | € 71,286 | |
| Dividend | € 0 | € 0 | € 12,000 | € 43,000 | ▲ 258% |
| Bank debt | € 0 | € 23,989 | € 38,274 | € 79,330 | ▲ 107% |
| Balance sheet total | € 230,277 | € 297,012 | € 364,629 | € 368,654 | ▲ 1% |
Key figures of BLUE BAY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to BLUE BAY?
What happened at BLUE BAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,323 (▲ 70% vs 2024). Source: NBB ↗
- Stefan Leunis became a director. NBB
- New establishment in Tielt-Winge. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,450 profit in 2022 to € 43,323 profit in 2025.
Paid € 35,371 in corporate taxes since 2022.
Best year ever: 2025, with € 43,323 profit.
Paid out € 55,000 in dividends to the owners in total.
Management
Behind BLUE BAY is Stefan Leunis.
Directors
According to the 2025 annual accounts
Stefan Leunis
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Keulestraat 77 box a
3390 Tielt-Winge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.198.869
- VAT number
- BE 0472.198.869
- Registered office
- Keulestraat 77 bus a, 3390 Tielt-Winge
- Names & denominations
- BLUE BAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 2000
- Peppol
- Active · Active since 17 Sept 2025
- Activities · NACE
Activiteiten van stedebouwkundige en tuin- en landschapsarchitecten
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Overige advisering in verband met programmatuur en levering van programmatuur
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Handelsbemiddeling in de groothandel in andere specifieke goederen
Ontwerpen van computerprogramma’s
Detailhandel in onderdelen en accessoires van motorvoertuigen
Overige vormen van onderwijs
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