OPENING OF BANKRUPTCY

BLACK HORSE DEVELOPMENT

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Financial year 2021 · closed on 05/07/2021

Net result

924,6 k €

+329.2% YoY

Gross margin

924,9 k €

+347.5% YoY

Equity

206,1 k €

+128.7% YoY

Company — Opening of bankruptcy.

What does BLACK HORSE DEVELOPMENT do?

BLACK HORSE DEVELOPMENT is a Public limited company incorporated in 1996. Its registered office is in Ixelles.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0458.511.377

Incorporation

16/07/1996

Legal form

Public limited company

Registered office

Avenue Louise 54
1050 Ixelles · BruxellesSee on map

Contributed capital

1 450 000,00 €

Latest accounts

05/07/2021

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	924,9 k €	+348%	-373,7 k €	-570%	-55,8 k €	+33.5%	-83,9 k €	+86.7%	-631,6 k €	-334%	-145,4 k €	+21.7%	-185,6 k €	+57.6%	-437,7 k €	-32.1%	-331,4 k €	-141%	-137,6 k €	-160%	-52,9 k €	+53.5%	-113,7 k €	-1575%	7,7 k €	+124%	-32,7 k €	-154%	-12,9 k €	-697%	2,2 k €
EBITDA	924,9 k €	+345%	-377,1 k €	-330%	-87,7 k €	-2.0%	-86 k €	+86.4%	-632,6 k €	-332%	-146,4 k €	+30.9%	-211,9 k €	+51.9%	-440,2 k €	-32.3%	-332,6 k €	-139%	-138,9 k €	-151%	-55,4 k €	+51.7%	-114,7 k €	-1659%	7,4 k €	+122%	-33,4 k €	-150%	-13,3 k €	-1828%	771,4 €
Operating result	924,7 k €	+345%	-377,1 k €	-330%	-87,7 k €	-2.0%	-86 k €	+86.4%	-632,6 k €	-332%	-146,4 k €	+30.9%	-211,9 k €	+51.9%	-440,2 k €	-32.3%	-332,6 k €	-135%	-141,8 k €	-143%	-58,2 k €	+51.8%	-120,9 k €	-18005%	675,4 €	+102%	-40 k €	-140%	-16,7 k €	-2259%	771,4 €
Net result	924,6 k €	+329%	-403,4 k €	-301%	-100,6 k €	-9.6%	-91,8 k €	+61.5%	-238,4 k €	-56.6%	-152,3 k €	-145%	-62,1 k €	+76.7%	-266,1 k €	+33.3%	-398,7 k €	-134%	-170,6 k €	-111%	-81 k €	+41.4%	-138,3 k €	-2654%	-5 k €	+87.6%	-40,6 k €	-134%	-17,4 k €	-1749%	1,1 k €
Balance sheet
Equity	206,1 k €	+129%	-718,5 k €	-128%	-315,1 k €	-46.9%	-214,5 k €	-74.8%	-122,7 k €	-206%	115,7 k €	+120%	-582 k €	-11.9%	-519,9 k €	-105%	-253,8 k €	-275%	144,9 k €	+165%	-222,4 k €	-57.3%	-141,4 k €	-4414%	-3,1 k €	-266%	1,9 k €	-95.6%	42,5 k €	-29.0%	59,9 k €
Total assets	217,3 k €	-58.7%	526,6 k €	-39.9%	876,2 k €	-24.8%	1,2 M €	-0.5%	1,2 M €	-33.5%	1,8 M €	-0.1%	1,8 M €	-2.2%	1,8 M €	+26.1%	1,4 M €	-2.9%	1,5 M €	+63.7%	898,8 k €	+190%	310 k €	-7.6%	335,4 k €	+115%	155,9 k €	+64.2%	94,9 k €	+58.5%	59,9 k €
Cash	83,9 k €	+11.7%	75,1 k €	-0.9%	75,8 k €	-73.5%	285,8 k €	+27.0%	225,1 k €	+7593%	2,9 k €	-6.8%	3,1 k €	+1709%	173,6 €	-99.7%	69,3 k €	-25.2%	92,7 k €	+46755%	197,8 €	-98.8%	17 k €	-55.9%	38,4 k €	+71.8%	22,4 k €	+2212%	967 €	-98.2%	53 k €
Debts	11,1 k €	-99.1%	1,2 M €	+4.5%	1,2 M €	-13.6%	1,4 M €	+6.7%	1,3 M €	-21.4%	1,6 M €	-29.8%	2,3 M €	+1.0%	2,3 M €	+38.4%	1,7 M €	+26.4%	1,3 M €	+18.3%	1,1 M €	+148%	451,4 k €	+33.4%	338,5 k €	+120%	154 k €	+194%	52,4 k €	+7818046%	0,7 €

Governance

Board of directors

Seen on filing of 05/07/2021 · 1 active · 13 ended

Active mandates

PIERRE URSI

Managing director

Active

Ended mandates

ARNAUD DE MOOR

Director · since 26 mars 2009 · until 25 mars 2015

Ended

Europerspectives

Director · since 26 mars 2009 · until 25 mars 2015 · 0869.701.703

Ended

JEAN-MARC BRICART

Managing director · since 26 mars 2009 · until 25 mars 2015

Ended

MYRIAM DHANIS

Director · since 26 mars 2009 · until 25 mars 2015

Ended

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Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	05/07/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	7 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/05/2022	24/08/2021	27/10/2020	28/08/2019	21/08/2018	31/08/2017
General meeting	17/12/2021	30/06/2021	30/06/2020	30/06/2019	30/06/2018	30/06/2017
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	05/07/2021	17/12/2021	18/05/2022	French	PDF
Micro model	31/12/2020	30/06/2021	24/08/2021	French	PDF
Micro model	31/12/2019	30/06/2020	27/10/2020	French	PDF
Micro model	31/12/2018	30/06/2019	28/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	21/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	26/09/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	26/09/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	06/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	31/07/2007	French	PDF

Estimate

Indicative valuation

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 05/07/2021 · 1 active · 13 ended

Active mandates

PIERRE URSI

Managing director

Active

Ended mandates

ARNAUD DE MOOR

Director · since 26 mars 2009 · until 25 mars 2015

Ended

Europerspectives

Director · since 26 mars 2009 · until 25 mars 2015 · 0869.701.703

Ended

JEAN-MARC BRICART

Managing director · since 26 mars 2009 · until 25 mars 2015

Ended

MYRIAM DHANIS

Director · since 26 mars 2009 · until 25 mars 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/05/2024
SIEGE SOCIAL
PDF
Other18/04/2023
OBJET
PDF
Mandates03/11/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates07/04/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office19/05/2016
SIEGE SOCIAL
PDF
Capital / shares16/02/2016
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/12/2015
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

2021
Annual accounts 2021924,6 k €↑
2020
Annual accounts 2020-403,4 k €↓
2019
Annual accounts 2019-100,6 k €↓
2018
Annual accounts 2018-91,8 k €↑
2017
Annual accounts 2017-238,4 k €↓
2016
Annual accounts 2016-152,3 k €↓
2015
Annual accounts 2015-62,1 k €↑
2014
Annual accounts 2014-266,1 k €↑
2013
Annual accounts 2013-398,7 k €↓
2012
Annual accounts 2012-170,6 k €↓
2011
Annual accounts 2011-81 k €↑
2010
Annual accounts 2010-138,3 k €↓
2009
Annual accounts 2009-5 k €↑
2008
Annual accounts 2008-40,6 k €↓
2007
Annual accounts 2007-17,4 k €↓
2006
Annual accounts 20061,1 k €
16/07/1996
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

BLACK HORSE DEVELOPMENT

Overview

What does BLACK HORSE DEVELOPMENT do?

Trend over 16 financial years

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