ACTIVE

BLANCHE

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Financial year 2025 · closed on 31/12/2025

Net result

15,3 k €

-62.1% YoY

Gross margin

66 k €

-21.6% YoY

Equity

491,9 k €

+3.2% YoY

What does BLANCHE do?

BLANCHE is a Private limited company incorporated in 1984. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Lontzen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.765.266

Incorporation

15/05/1984

Legal form

Private limited company

Registered office

Rue du Bois 9 box c
4710 Lontzen · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 70100Activities of head offices 70100Activities of head offices

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	66 k €	-21.6%	84,2 k €	-3.7%	87,4 k €	+49.0%	58,7 k €	+327%	13,7 k €	-95.9%	332,9 k €	+1491%	-23,9 k €	+8.5%	-26,2 k €	-182%	-9,3 k €	-131%	30,1 k €	-66.1%	88,7 k €	-31.3%	129,2 k €	-62.9%	348,1 k €	-1.8%	354,4 k €	-18.0%	432,4 k €	-2.1%	441,6 k €	+7.2%	411,9 k €	-11.4%	465,1 k €	+6.6%	436,3 k €	+29.8%	336 k €
EBITDA	59,5 k €	-23.9%	78,2 k €	-4.2%	81,6 k €	+54.4%	52,9 k €	+946%	5,1 k €	-96.1%	128,6 k €	+598%	-25,8 k €	+35.8%	-40,2 k €	-323%	-9,5 k €	-135%	26,8 k €	+11.4%	24,1 k €	-23.7%	31,5 k €	-86.6%	235,7 k €	+2.8%	229,3 k €	-24.0%	301,5 k €	-4.7%	316,5 k €	+10.2%	287,3 k €	-17.9%	349,9 k €	+7.2%	326,5 k €	+40.9%	231,7 k €
Operating result	18,6 k €	-56.8%	43 k €	-11.0%	48,3 k €	+128%	21,2 k €	+407%	-6,9 k €	-105%	127,2 k €	+456%	-35,8 k €	+31.9%	-52,5 k €	-5.0%	-50 k €	-528%	-8 k €	+56.2%	-18,2 k €	+56.8%	-42 k €	-135%	120,3 k €	+9.0%	110,3 k €	-28.8%	155 k €	+32.7%	116,8 k €	-28.0%	162,2 k €	-26.1%	219,4 k €	+24.5%	176,2 k €	+103%	87 k €
Net result	15,3 k €	-62.1%	40,5 k €	-11.0%	45,5 k €	+155%	17,8 k €	+290%	-9,4 k €	-107%	126,7 k €	+471%	-34,1 k €	+29.0%	-48,1 k €	-5.1%	-45,8 k €	-144%	103,4 k €	+678%	-17,9 k €	+58.1%	-42,7 k €	-136%	117,3 k €	+152%	-225,3 k €	-240%	160,5 k €	+26.3%	127,1 k €	-28.7%	178,4 k €	-23.4%	232,8 k €	+26.5%	184 k €	+319%	43,9 k €
Balance sheet
Equity	491,9 k €	+3.2%	476,5 k €	+9.3%	436,1 k €	+11.6%	390,6 k €	+4.8%	372,8 k €	-2.5%	382,2 k €	+49.6%	255,5 k €	-11.8%	289,7 k €	-14.2%	337,8 k €	-11.9%	383,6 k €	+36.9%	280,2 k €	-6.0%	298,1 k €	-12.5%	340,8 k €	+12.3%	303,4 k €	-47.6%	578,7 k €	+7.5%	538,2 k €	-8.9%	591,1 k €	-0.3%	592,6 k €	+5.1%	563,8 k €	+2.9%	547,8 k €
Total assets	695,5 k €	-7.5%	751,9 k €	+0.1%	751,3 k €	-8.9%	824,5 k €	+3.2%	799,2 k €	+77.0%	451,6 k €	+16.8%	386,7 k €	-5.0%	407,3 k €	+18.7%	343 k €	-13.9%	398,3 k €	+36.4%	292 k €	-12.2%	332,7 k €	-25.7%	447,9 k €	-9.7%	496 k €	-44.5%	893,4 k €	+14.3%	781,5 k €	-10.7%	875,2 k €	-3.9%	911 k €	+16.3%	783,4 k €	+0.2%	781,9 k €
Cash	557,2 €	-95.5%	12,3 k €	+8637%	140,5 €	-93.7%	2,2 k €		–		–		–		–		16,2 k €		–		10,8 k €	-59.0%	26,4 k €	-35.5%	41 k €	-14.2%	47,8 k €	+79.2%	26,7 k €	-52.9%	56,6 k €	+116%	26,2 k €	-32.6%	38,9 k €	+9.8%	35,4 k €	-37.7%	56,8 k €
Debts	203,7 k €	-26.0%	275,4 k €	-12.4%	314,2 k €	-27.4%	432,9 k €	+1.5%	426,5 k €	+514%	69,4 k €	-47.1%	131,2 k €	+11.6%	117,6 k €	+2149%	5,2 k €	-64.5%	14,7 k €	+25.2%	11,8 k €	-66.0%	34,6 k €	-67.7%	107,1 k €	-44.4%	192,5 k €	-37.0%	305,7 k €	+25.6%	243,3 k €	-14.4%	284,1 k €	-10.7%	318,3 k €	+45.0%	219,6 k €	-6.2%	234,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,2 ETP	-21.4%	2,8 ETP	-28.2%	3,9 ETP	-35.0%	6,0 ETP	+53.8%	3,9 ETP	+680%	0,5 ETP	0.0%	0,5 ETP	+25.0%	0,4 ETP	0.0%	0,4 ETP	-42.9%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Ralph Bühler

Director · since 30 mars 2020

Active

Solange Maats

Director

Active

Ended mandates

Solange Maats

Director · since 30 mars 2020

Ended

BLANCHE

Manager · 0425.765.266

Represented by Ludwig Bühler

Ended

Cindy Henrotte

Manager

Ended

Ludwig Bühler

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BL1 - RS2● Active	0759.636.197
RASO● Active	0639.883.561

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	11/08/2026	31/07/2025	21/08/2024	29/08/2023	19/08/2022	26/08/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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
Micro model	31/12/2025	04/06/2026	11/08/2026	German	PDF
Micro model	31/12/2024	05/06/2025	31/07/2025	German	PDF
Micro model	31/12/2023	06/06/2024	21/08/2024	French	PDF
Micro model	31/12/2022	01/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	19/08/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	26/08/2021	French	PDF
Micro model	31/12/2019	04/06/2020	28/09/2020	French	PDF
Micro model	31/12/2018	06/06/2019	27/08/2019	French	PDF
Micro model	31/12/2017	07/06/2018	29/08/2018	French	PDF
Micro model	31/12/2016	01/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	27/09/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	23/07/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	31/07/2012	German	PDF
Abridged model	31/12/2010	03/06/2011	17/08/2011	German	PDF
Abridged model	31/12/2009	03/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	04/08/2009	French	PDF
Abridged model	31/12/2007	05/06/2008	30/08/2008	French	PDF
Abridged model	31/12/2006	07/06/2007	28/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 2 active · 15 ended

Active mandates

Ralph Bühler

Director · since 30 mars 2020

Active

Solange Maats

Director

Active

Ended mandates

Solange Maats

Director · since 30 mars 2020

Ended

BLANCHE

Manager · 0425.765.266

Represented by Ludwig Bühler

Ended

Cindy Henrotte

Manager

Ended

Ludwig Bühler

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2023
AENDERUNG RECHTSFORM - GESELLSCHAFTSNAME - GESELLSCHAFTSSITZ - GEGENSTAND - ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG
PDF
Mandates07/05/2020
ENTLASSUNG - ERNENNUNG - VERSCHIEDENES
PDF
Mandates03/12/2008
ENTLASSUNG - ERNENNUNG
PDF
Mandates21/05/2007
ENTLASSUNG - ERNENNUNG
PDF
Mandates08/12/2005
DEMISSIONS, NOMINATIONS
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 202515,3 k €↓
2024
Annual accounts 202440,5 k €↓
2023
Annual accounts 202345,5 k €↑
2022
Annual accounts 202217,8 k €↑
2021
Annual accounts 2021-9,4 k €↓
2020
Annual accounts 2020126,7 k €↑
2019
Annual accounts 2019-34,1 k €↑
2018
Annual accounts 2018-48,1 k €↓
2017
Annual accounts 2017-45,8 k €↓
2016
Annual accounts 2016103,4 k €↑
2015
Annual accounts 2015-17,9 k €↑
2014
Annual accounts 2014-42,7 k €↓
2013
Annual accounts 2013117,3 k €↑
2012
Annual accounts 2012-225,3 k €↓
2011
Annual accounts 2011160,5 k €↑
2010
Annual accounts 2010127,1 k €↓
2009
Annual accounts 2009178,4 k €↓
2008
Annual accounts 2008232,8 k €↑
2007
Annual accounts 2007184 k €↑
2006
Annual accounts 200643,9 k €
15/05/1984
IncorporationPrivate 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

BLANCHE

Overview

What does BLANCHE do?

Trend over 20 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