ACTIVE

Whale

Financial year 2025 · closed on 31/12/2025
Net result
179,5 k €
+136.8% YoY
Gross margin
1,2 M €
+195.8% YoY
Equity
1,5 M €
+13.4% YoY
Workforce
7,1 ETP

What does Whale do?

Whale is a Private limited company incorporated in 2018. Its main activity is: Retail sale of information and communication equipment in specialised stores. Its registered office is in Ronse. It employs on average 7,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0698.913.308
Incorporation
28/06/2018
Legal form
Private limited company
Registered office
Rue Large 22
9600 Ronse · FlandreSee on map
Contributed capital
1 516 243,27 €
Latest accounts
31/12/2025
Average workforce
7,1 ETP
Joint committees (2)
  • 200
  • 2000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin1,2 M €415 k €-158 k €-197,8 k €-236 k €
EBITDA579,2 k €-286,1 k €-684,4 k €-308,4 k €-290,6 k €
Operating result329,6 k €-444,9 k €-768,3 k €-369,9 k €-329,4 k €
Net result179,5 k €-487,4 k €-815,4 k €-399,6 k €-342,4 k €
Balance sheet
Equity1,5 M €1,3 M €1,8 M €1,4 M €487,9 k €
Total assets2,2 M €1,6 M €2,1 M €1,8 M €723,2 k €
Cash947,5 k €838,5 k €801,2 k €1,6 M €455,6 k €
Debts729,5 k €257,6 k €313,1 k €455,2 k €235,2 k €
Other
Workforce7,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

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

Active mandates

Bizfish

Director · since 09 février 2021 · until 08 février 2027 · 0719.771.474

Represented by Gary Vanbutsele

Active
Blumbus

Director · since 09 février 2021 · until 08 février 2027 · 0747.545.544

Represented by Bram Billiet

Active
Stefan Bary

Director · since 09 février 2021 · until 08 février 2027

Active
VOLTA MANAGEMENT II

Director · since 09 février 2021 · until 08 février 2027 · 0739.943.417

Represented by Koen De Waele

Active

Ended mandates

Bizfish

Director · since 09 février 2021 · until 08 février 2027 · 0719.771.474

Represented by Gary VANBUTSELE

Ended
Bizfish

Director · since 09 février 2021 · until 08 février 2027 · 0719.771.474

Represented by Vanbutsele GARY

Ended
Blumbus

Director · since 09 février 2021 · until 08 février 2027 · 0747.545.544

Represented by Bram BILLIET

Ended
Blumbus

Director · since 09 février 2021 · until 08 février 2027 · 0747.545.544

Represented by Billiet BRAM

Ended
At this address

Other companies at this address

CompanyCBE no.
BizfishActive
0719.771.474
startupstudioActive
0748.603.933
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/04/202629/08/202519/07/202427/07/202326/08/202230/08/2021
General meeting08/04/202630/06/202503/06/202405/06/202307/06/202207/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202508/04/202620/04/2026DutchPDF
Micro model31/12/202430/06/202529/08/2025DutchPDF
Micro model31/12/202303/06/202419/07/2024DutchPDF
Micro model31/12/202205/06/202327/07/2023DutchPDF
Micro model31/12/202107/06/202226/08/2022DutchPDF
Micro model31/12/202007/06/202130/08/2021DutchPDF
Micro model31/12/201914/08/202030/09/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

Bizfish

Director · since 09 février 2021 · until 08 février 2027 · 0719.771.474

Represented by Gary Vanbutsele

Active
Blumbus

Director · since 09 février 2021 · until 08 février 2027 · 0747.545.544

Represented by Bram Billiet

Active
Stefan Bary

Director · since 09 février 2021 · until 08 février 2027

Active
VOLTA MANAGEMENT II

Director · since 09 février 2021 · until 08 février 2027 · 0739.943.417

Represented by Koen De Waele

Active

Ended mandates

Bizfish

Director · since 09 février 2021 · until 08 février 2027 · 0719.771.474

Represented by Gary VANBUTSELE

Ended
Bizfish

Director · since 09 février 2021 · until 08 février 2027 · 0719.771.474

Represented by Vanbutsele GARY

Ended
Blumbus

Director · since 09 février 2021 · until 08 février 2027 · 0747.545.544

Represented by Bram BILLIET

Ended
Blumbus

Director · since 09 février 2021 · until 08 février 2027 · 0747.545.544

Represented by Billiet BRAM

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares04/01/2023
    KAPITAAL - AANDELEN
    PDF
  • Mandates17/02/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
    PDF
  • Mandates27/08/2020
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/07/2018
    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 2025179,5 k €
  2. 2024
    Annual accounts 2024-487,4 k €
  3. 2023
    Annual accounts 2023-815,4 k €
  4. 2022
    Annual accounts 2022-399,6 k €
  5. 2021
    Annual accounts 2021-342,4 k €
  6. 28/06/2018
    IncorporationPrivate limited company