ACTIVE

BLACK DUCK

Financial year 2025 · closed on 30/06/2025
Net result
292,8 k €
+374.8% YoY
Gross margin
-506,2 €
+3.1% YoY
Equity
1,1 M €
+34.7% YoY

What does BLACK DUCK do?

BLACK DUCK is a Public limited company incorporated in 2015. Its registered office is in Damme.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0632.535.713
Incorporation
17/06/2015
Legal form
Public limited company
Registered office
Vissersstraat 21 box B
8340 Damme · FlandreSee on map
Contributed capital
1 394 000,00 €
Latest accounts
30/06/2025
Signals
ProfitableSolid equityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220202019201820172016
Income statement
Gross margin-506,2 €-522,4 €-448,6 €-424,8 €-2,3 k €-2,2 k €-2,7 k €-3 k €-13,7 k €
EBITDA-1,6 k €-1,6 k €-1,4 k €-1,4 k €-3,2 k €-2,4 k €-3,5 k €-3,4 k €-14,5 k €
Operating result-1,6 k €-1,6 k €-1,4 k €-1,4 k €-3,2 k €-2,4 k €-3,5 k €-3,4 k €-14,5 k €
Net result292,8 k €-106,6 k €-66,1 k €-117,8 k €-74,9 k €-61,2 k €-45,4 k €-16,3 k €-2,1 k €
Balance sheet
Equity1,1 M €843,2 k €949,8 k €1 M €800,1 k €875 k €436,2 k €481,6 k €497,9 k €
Total assets1,6 M €2,1 M €3,4 M €3,9 M €3,5 M €3,4 M €2,3 M €1,8 M €1,1 M €
Cash3,8 k €2,7 k €3,8 k €10,9 k €39,9 k €19,5 k €25,6 k €58 €9,9 k €
Debts451,7 k €1,2 M €2,5 M €2,9 M €2,7 M €2,5 M €1,9 M €1,4 M €600 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 10 ended

Active mandates

Christian Bultiauw

Director · since 30 septembre 2020 · until 30 septembre 2025

Active
Next Gear

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0869.565.210

Represented by Anthony Theys

Active
Olivier Rogiest

Director · since 30 septembre 2020 · until 30 septembre 2026

Active

Ended mandates

Christian Bultiauw

Director · since 30 septembre 2020 · until 30 septembre 2026

Ended
Christian Bultiauw

Director · since 30 septembre 2020

Ended
Next Gear

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0869.565.210

Represented by Anthony Theys

Ended
Next Gear

Managing director · since 30 septembre 2020 · until 30 septembre 2026 · 0869.565.210

Represented by Theys ANTHONY

Ended
At this address

Other companies at this address

CompanyCBE no.
Black BullActive
1009.969.740
Black BulletActive
1010.679.226
BLACK GOOSEActive
0632.643.502
BLACK SWANActive
0827.036.648
1016.877.130
0753.610.024
FIRST GEARActive
0846.978.264
Next GearActive
0869.565.210
SWAN ENERGY 2Active
0713.954.543
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/01/202616/10/202420/10/202304/11/202201/10/202108/10/2020
General meeting30/09/202503/10/202428/09/202330/09/202230/09/202130/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202530/09/202502/01/2026DutchPDF
Abridged model30/06/202403/10/202416/10/2024DutchPDF
Abridged model30/06/202328/09/202320/10/2023DutchPDF
Abridged model30/06/202230/09/202204/11/2022DutchPDF
Abridged model30/06/202130/09/202101/10/2021DutchPDF
Abridged model30/06/202030/09/202008/10/2020DutchPDF
Abridged model30/06/201930/09/201919/12/2019DutchPDF
Abridged model30/06/201830/09/201819/12/2018DutchPDF
Abridged model30/06/201730/09/201707/12/2017DutchPDF
Abridged model30/06/201630/09/201628/11/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 3 active · 10 ended

Active mandates

Christian Bultiauw

Director · since 30 septembre 2020 · until 30 septembre 2025

Active
Next Gear

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0869.565.210

Represented by Anthony Theys

Active
Olivier Rogiest

Director · since 30 septembre 2020 · until 30 septembre 2026

Active

Ended mandates

Christian Bultiauw

Director · since 30 septembre 2020 · until 30 septembre 2026

Ended
Christian Bultiauw

Director · since 30 septembre 2020

Ended
Next Gear

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0869.565.210

Represented by Anthony Theys

Ended
Next Gear

Managing director · since 30 septembre 2020 · until 30 septembre 2026 · 0869.565.210

Represented by Theys ANTHONY

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other19/06/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025292,8 k €
  2. 2024
    Annual accounts 2024-106,6 k €
  3. 2023
    Annual accounts 2023-66,1 k €
  4. 2022
    Annual accounts 2022-117,8 k €
  5. 2020
    Annual accounts 2020-74,9 k €
  6. 2019
    Annual accounts 2019-61,2 k €
  7. 2018
    Annual accounts 2018-45,4 k €
  8. 2017
    Annual accounts 2017-16,3 k €
  9. 2016
    Annual accounts 2016-2,1 k €
  10. 17/06/2015
    IncorporationPublic limited company