ACTIVE

BLACK & WRITE

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

15,7 k €

-14.2% YoY

Gross margin

36,9 k €

-13.6% YoY

Equity

151,2 k €

+11.6% YoY

What does BLACK & WRITE do?

BLACK & WRITE is a Private limited company incorporated in 1997. Its main activity is: Photographic activities. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.307.839

Incorporation

31/12/1997

Legal form

Private limited company

Registered office

Rue Saint-Germain 67
1410 Waterloo · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

74201Photographic activities· main 74201Photographic activities 74811Other professional, scientific and technical activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	36,9 k €	-13.6%	42,7 k €	+39.9%	30,5 k €	+15.2%	26,5 k €	-16.6%	31,8 k €	-54.6%	70 k €	+21.8%	57,5 k €	-18.6%	70,6 k €	+9.1%	64,7 k €	+20.4%	53,8 k €	-3.8%	55,9 k €	-7.8%	60,7 k €	-3.4%	62,8 k €	+26.4%	49,7 k €	-10.8%	55,7 k €	+4.0%	53,6 k €	-7.9%	58,2 k €	+20.9%	48,1 k €
EBITDA	36,2 k €	-12.9%	41,5 k €	+40.8%	29,5 k €	+16.3%	25,3 k €	+21.6%	20,8 k €	-69.4%	68 k €	+32.0%	51,5 k €	-20.2%	64,5 k €	+32.1%	48,8 k €	+12.1%	43,6 k €	-19.3%	54 k €	-7.2%	58,2 k €	-0.1%	58,2 k €	+28.1%	45,4 k €	-15.4%	53,7 k €	+10.1%	48,8 k €	-12.4%	55,7 k €	+24.9%	44,6 k €
Operating result	23 k €	-17.0%	27,7 k €	+81.3%	15,3 k €	+35.2%	11,3 k €	+179%	-14,3 k €	-162%	22,9 k €	+153%	9,1 k €	-65.6%	26,4 k €	+94.7%	13,5 k €	+32.7%	10,2 k €	-48.9%	20 k €	-21.4%	25,4 k €	+2.2%	24,9 k €	+102%	12,3 k €	-44.5%	22,1 k €	+35.5%	16,3 k €	-24.0%	21,5 k €	+49.5%	14,4 k €
Net result	15,7 k €	-14.2%	18,3 k €	+84.6%	9,9 k €	+19.4%	8,3 k €	+151%	-16,2 k €	-208%	15 k €	+411%	2,9 k €	-79.3%	14,2 k €	+293%	3,6 k €	+878%	367,9 €	-91.9%	4,6 k €	-52.6%	9,6 k €	+50.6%	6,4 k €	+569%	-1,4 k €	-132%	4,3 k €	+19013%	22,6 €	-96.2%	600,9 €	-25.8%	810,2 €
Balance sheet
Equity	151,2 k €	+11.6%	135,6 k €	+15.6%	117,3 k €	-3.6%	121,7 k €	+20.0%	101,4 k €	-13.8%	117,6 k €	+14.6%	102,6 k €	+2.9%	99,7 k €	+16.6%	85,5 k €	+4.4%	81,9 k €	+0.5%	81,6 k €	+5.9%	77 k €	+14.3%	67,4 k €	+10.5%	61 k €	-2.2%	62,3 k €	+7.4%	58 k €	+0.0%	58 k €	+1.0%	57,4 k €
Total assets	223,8 k €	-0.2%	224,2 k €	+5.1%	213,3 k €	-19.9%	266,2 k €	-19.4%	330,2 k €	+9.4%	301,8 k €	+0.4%	300,7 k €	-3.2%	310,5 k €	+11.5%	278,6 k €	-2.7%	286,4 k €	-7.0%	307,9 k €	-2.9%	317,2 k €	-8.0%	344,7 k €	+2.8%	335,4 k €	-9.6%	371 k €	-7.0%	398,7 k €	+0.4%	397,2 k €	-6.2%	423,4 k €
Cash	63,2 k €	+18.1%	53,5 k €	+43.7%	37,3 k €	-47.7%	71,2 k €	-62.7%	190,9 k €	+23.5%	154,5 k €	+20.7%	128,1 k €	+32.1%	97 k €	+43.3%	67,7 k €	+11.5%	60,7 k €	+64.8%	36,8 k €	-41.5%	62,9 k €	+63.4%	38,5 k €	+4.7%	36,8 k €	-18.0%	44,9 k €	+226%	13,8 k €	-4.4%	14,4 k €	+234%	4,3 k €
Debts	60,1 k €	-19.4%	74,6 k €	-9.5%	82,4 k €	-37.2%	131,2 k €	-39.7%	217,4 k €	+29.2%	168,3 k €	-8.5%	184 k €	-6.6%	197,1 k €	+9.4%	180,1 k €	-4.3%	188,1 k €	-10.9%	211,1 k €	-6.7%	226,3 k €	-11.9%	256,8 k €	-3.9%	267,1 k €	-11.1%	300,6 k €	-9.9%	333,5 k €	-0.3%	334,7 k €	-7.5%	361,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,1 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 30/06/2025 · 1 active · 1 ended

Active mandates

Frédéric Raevens

Administrator - manager · since 23 décembre 1997

Active

Ended mandates

Frédéric RAEVENS

Managing director · since 31 décembre 1997

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2019	01/07/2018
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2020	30/06/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/02/2026	25/02/2025	16/02/2024	01/03/2023	26/02/2021	24/02/2020
General meeting	15/12/2025	14/12/2024	14/12/2023	14/12/2022	14/12/2020	14/12/2019
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	15/12/2025	20/02/2026	French	PDF
Micro model	30/06/2024	14/12/2024	25/02/2025	French	PDF
Micro model	30/06/2023	14/12/2023	16/02/2024	French	PDF
Micro model	30/06/2022	14/12/2022	01/03/2023	French	PDF
Micro model	30/06/2020	14/12/2020	26/02/2021	French	PDF
Micro model	30/06/2019	14/12/2019	24/02/2020	French	PDF
Micro model	30/06/2018	14/12/2018	28/02/2019	French	PDF
Micro model	30/06/2017	14/12/2017	29/01/2018	French	PDF
Abridged model	30/06/2016	14/12/2016	28/02/2017	French	PDF
Abridged model	30/06/2015	14/12/2015	29/02/2016	French	PDF
Abridged model	30/06/2014	14/12/2014	12/03/2015	French	PDF
Abridged model	30/06/2013	14/12/2013	28/02/2014	French	PDF
Abridged model	30/06/2012	05/04/2013	12/04/2013	French	PDF
Abridged model	30/06/2011	14/12/2011	29/02/2012	French	PDF
Abridged model	30/06/2010	14/12/2010	17/02/2011	French	PDF
Abridged model	30/06/2009	14/12/2009	26/02/2010	French	PDF
Abridged model	30/06/2008	14/12/2008	27/02/2009	French	PDF
Abridged model	30/06/2007	14/12/2007	31/01/2008	French	PDF
Abridged model	30/06/2006	14/03/2007	23/03/2007	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 30/06/2025 · 1 active · 1 ended

Active mandates

Frédéric Raevens

Administrator - manager · since 23 décembre 1997

Active

Ended mandates

Frédéric RAEVENS

Managing director · since 31 décembre 1997

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office16/06/2020
SIEGE SOCIAL
PDF
Registered office18/07/2006
SIEGE SOCIAL - ANNEE COMPTABLE
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 202515,7 k €↓
2024
Annual accounts 202418,3 k €↑
2023
Annual accounts 20239,9 k €↑
2022
Annual accounts 20228,3 k €↑
2020
Annual accounts 2020-16,2 k €↓
2019
Annual accounts 201915 k €↑
2018
Annual accounts 20182,9 k €↓
2017
Annual accounts 201714,2 k €↑
2016
Annual accounts 20163,6 k €↑
2015
Annual accounts 2015367,9 €↓
2014
Annual accounts 20144,6 k €↓
2013
Annual accounts 20139,6 k €↑
2012
Annual accounts 20126,4 k €↑
2011
Annual accounts 2011-1,4 k €↓
2010
Annual accounts 20104,3 k €↑
2009
Annual accounts 200922,6 €↓
2008
Annual accounts 2008600,9 €↓
2007
Annual accounts 2007810,2 €
31/12/1997
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

BLACK & WRITE

Overview

What does BLACK & WRITE do?

Trend over 18 financial years

Indicative valuation

Board of directors

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