ACTIVE

White Hall

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Financial year 2025 · closed on 31/12/2025

Net result

2,7 M €

-27.4% YoY

Gross margin

3,6 M €

+9.8% YoY

Equity

39,2 M €

+5.5% YoY

Workforce

0,0 ETP

What does White Hall do?

White Hall is a Public limited company incorporated in 1983. Its main activity is: Activities of holding companies. Its registered office is in Menen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.704.393

Incorporation

25/11/1983

Legal form

Public limited company

Registered office

Kortrijkstraat 426
8930 Menen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,6 M €	+9.8%	3,3 M €	+7.3%	3,1 M €	+3.8%	3 M €	+97.3%	1,5 M €	+46.1%	1 M €	+38.0%	742,3 k €	-2.2%	758,6 k €	+7.2%	707,6 k €	+22.7%	576,7 k €	-2.5%	591,2 k €	+21.1%	488,3 k €	+2.6%	475,8 k €	+4.8%	453,8 k €	+321%	107,8 k €	+364%	-40,9 k €	-128%	-18 k €
EBITDA	3,6 M €	+8.8%	3,3 M €	+7.3%	3 M €	+3.9%	2,9 M €	+111%	1,4 M €	+38.8%	999,7 k €	+37.2%	728,7 k €	-2.2%	745,3 k €	+7.3%	694,3 k €	+23.3%	563 k €	-2.3%	576 k €	+21.1%	475,7 k €	+3.9%	457,8 k €	+5.3%	434,9 k €	+338%	99,4 k €	+324%	-44,4 k €	-106%	-21,6 k €
Operating result	2,7 M €	+5.6%	2,5 M €	+4.7%	2,4 M €	-6.9%	2,6 M €	+135%	1,1 M €	+298%	276,5 k €	-46.5%	516,6 k €	+13.5%	455 k €	-18.5%	558 k €	+30.7%	426,8 k €	-3.0%	439,8 k €	+29.5%	339,5 k €	+6.5%	318,8 k €	+5.4%	302,3 k €	+1016%	-33 k €	+77.7%	-148 k €	-12.7%	-131,3 k €
Net result	2,7 M €	-27.4%	3,7 M €	+82.4%	2 M €	-17.4%	2,4 M €	+208%	794,6 k €	-31.8%	1,2 M €	+124%	519,7 k €	-28.1%	722,4 k €	-58.1%	1,7 M €	+151%	687,5 k €	-0.2%	688,5 k €	+65.0%	417,4 k €	-52.2%	873,7 k €	+56.1%	559,8 k €	+736%	67 k €	-97.6%	2,8 M €	-53.1%	6,1 M €
Balance sheet
Equity	39,2 M €	+5.5%	37,1 M €	+11.0%	33,5 M €	+6.4%	31,4 M €	+24.4%	25,3 M €	+3.2%	24,5 M €	+5.0%	23,3 M €	+2.3%	22,8 M €	+3.3%	22,1 M €	+8.5%	20,4 M €	+3.5%	19,7 M €	+3.6%	19 M €	-3.0%	19,6 M €	+4.7%	18,7 M €	+3.1%	18,1 M €	-22.7%	23,5 M €	+13.8%	20,6 M €
Total assets	39,6 M €	+5.9%	37,4 M €	+10.3%	33,9 M €	+5.0%	32,3 M €	+27.6%	25,3 M €	+2.8%	24,6 M €	+5.2%	23,4 M €	+2.1%	22,9 M €	+3.7%	22,1 M €	+8.5%	20,4 M €	+3.5%	19,7 M €	-1.6%	20 M €	+1.4%	19,7 M €	+5.2%	18,8 M €	+2.7%	18,3 M €	-22.1%	23,5 M €	+13.8%	20,6 M €
Cash	2,4 M €	+290%	614,1 k €	-82.5%	3,5 M €	-43.8%	6,2 M €	+14.1%	5,5 M €	+42.8%	3,8 M €	-23.3%	5 M €	-3.8%	5,2 M €	+28.2%	4 M €	+17.2%	3,5 M €	-19.4%	4,3 M €	+574%	635,7 k €	-46.7%	1,2 M €	-85.0%	7,9 M €	+4019%	192,6 k €	-90.4%	2 M €	-55.5%	4,5 M €
Debts	360,3 k €	+61.6%	222,9 k €	-45.9%	411,9 k €	-49.5%	815 k €	+9390%	8,6 k €	-90.8%	93 k €	+56.3%	59,5 k €	-42.9%	104,2 k €	+1761%	5,6 k €	-14.8%	6,6 k €	+431%	1,2 k €	-99.9%	1 M €	+489%	169,9 k €	+181%	60,5 k €	-54.5%	133,1 k €	+14204%	930,2 €	+215%	295,5 €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

Anny Geldof

Managing director

Active

Lieven Brutsaert

Director

Active

Louis Brutsaert

Managing director

Active

Sofie Brutsaert

Director

Active

Ended mandates

Anny Geldof

Director · since 20 août 2007

Ended

Anny GELDOF

Manager · since 20 août 2007

Ended

Louis Brutsaert

Director · since 20 août 2007

Ended

Louis BRUTSAERT

Manager · since 20 août 2007

Ended

At this address

Other companies at this address

Company	CBE no.
LISAX● Active	0442.349.296
Stor Administratiekantoor● Active	0896.138.656

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2026	24/07/2025	16/07/2024	29/09/2023	19/07/2022	14/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	04/09/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	04/09/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	19/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	28/09/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	11/07/2018	Dutch	PDF
Abridged model	31/12/2016	13/09/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	18/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	09/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

Anny Geldof

Managing director

Active

Lieven Brutsaert

Director

Active

Louis Brutsaert

Managing director

Active

Sofie Brutsaert

Director

Active

Ended mandates

Anny Geldof

Director · since 20 août 2007

Ended

Anny GELDOF

Manager · since 20 août 2007

Ended

Louis Brutsaert

Director · since 20 août 2007

Ended

Louis BRUTSAERT

Manager · since 20 août 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring04/06/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates29/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/09/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Court decision25/01/2006
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates21/01/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2002
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,7 M €↓
2023
Annual accounts 20233,7 M €↑
2022
Annual accounts 20222 M €↓
2021
Annual accounts 20212,4 M €↑
2018
Annual accounts 2018794,6 k €↓
2017
Annual accounts 20171,2 M €↑
2016
Annual accounts 2016519,7 k €↓
2015
Annual accounts 2015722,4 k €↓
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 2013687,5 k €↓
2012
Annual accounts 2012688,5 k €↑
2011
Annual accounts 2011417,4 k €↓
2010
Annual accounts 2010873,7 k €↑
2009
Annual accounts 2009559,8 k €↑
2008
Annual accounts 200867 k €↓
2007
Annual accounts 20072,8 M €↓
2006
Annual accounts 20066,1 M €
25/11/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

White Hall

Overview

What does White Hall do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline