ACTIVE

BLACK TOAST

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Financial year 2025 · closed on 30/09/2025

Net result

19,1 k €

-18.1% YoY

Gross margin

39,6 k €

-4.2% YoY

Equity

63,5 k €

+43.1% YoY

What does BLACK TOAST do?

BLACK TOAST is a Private limited company incorporated in 2009. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0811.194.568

Incorporation

16/04/2009

Legal form

Private limited company

Registered office

Avenue Albert Lancaster 71
1180 Uccle · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	39,6 k €	-4.2%	41,4 k €	+73.3%	23,9 k €	+86.8%	12,8 k €	+13.8%	11,2 k €	-55.5%	25,2 k €	+80.5%	14 k €	-17.3%	16,9 k €	-43.3%	29,8 k €	+24.2%	24 k €	-25.7%	32,3 k €	+8.9%	29,6 k €	+162%	11,3 k €	+41.5%	8 k €	-69.1%	25,9 k €	-43.2%	45,6 k €
EBITDA	33,7 k €	-7.8%	36,5 k €	+62.9%	22,4 k €	+78.4%	12,6 k €	+33.3%	9,4 k €	-61.8%	24,7 k €	+103%	12,1 k €	-22.3%	15,6 k €	-46.0%	29 k €	+25.6%	23,1 k €	-26.6%	31,4 k €	+10.6%	28,4 k €	+172%	10,4 k €	+143%	4,3 k €	+40.2%	3,1 k €	-87.0%	23,6 k €
Operating result	28,1 k €	-16.1%	33,5 k €	+69.3%	19,8 k €	+382%	4,1 k €	+147%	1,7 k €	-88.3%	14,2 k €	+427%	2,7 k €	-47.3%	5,1 k €	-78.7%	23,9 k €	+30.9%	18,3 k €	-25.7%	24,6 k €	+12.1%	22 k €	+373%	4,6 k €	+173%	-6,4 k €	+10.6%	-7,1 k €	-142%	16,8 k €
Net result	19,1 k €	-18.1%	23,4 k €	+48.6%	15,7 k €	+305%	3,9 k €	+496%	651 €	+0.3%	649 €	+113%	-4,9 k €	-152%	9,5 k €	-31.4%	13,9 k €	+32.1%	10,5 k €	-46.6%	19,7 k €	+4.5%	18,8 k €	+421%	3,6 k €	+149%	-7,4 k €	+24.7%	-9,8 k €	-159%	16,7 k €
Balance sheet
Equity	63,5 k €	+43.1%	44,4 k €	+30.4%	34 k €	+12.3%	30,3 k €	+14.7%	26,4 k €	+2.5%	25,8 k €	+2.6%	25,1 k €	-16.4%	30 k €	+0.1%	30 k €	+16.6%	25,8 k €	+6.2%	24,2 k €	+17.8%	20,6 k €	+75.1%	11,8 k €	+44.4%	8,1 k €	-47.5%	15,5 k €	+20.4%	12,9 k €
Total assets	133,7 k €	+34.4%	99,5 k €	+23.8%	80,4 k €	+46.2%	54,9 k €	-14.8%	64,5 k €	-2.5%	66,2 k €	-5.1%	69,7 k €	+6.5%	65,5 k €	-22.2%	84,2 k €	+18.7%	70,9 k €	+8.2%	65,5 k €	-9.1%	72,1 k €	+126%	31,9 k €	-8.2%	34,7 k €	-27.1%	47,6 k €	-37.6%	76,3 k €
Cash	101,7 k €	+55.3%	65,5 k €	+19.0%	55,1 k €	+11.8%	49,3 k €	+14.0%	43,2 k €	+26.4%	34,2 k €	+19.5%	28,6 k €	+60.6%	17,8 k €	-43.9%	31,8 k €	-17.1%	38,3 k €	-27.6%	52,9 k €	+11.7%	47,4 k €	+156%	18,5 k €	+83.2%	10,1 k €	+289%	2,6 k €		–
Debts	20,2 k €	-14.6%	23,6 k €	+64.9%	14,3 k €	+116%	6,6 k €	-70.0%	22,1 k €	-34.8%	33,9 k €	-7.3%	36,6 k €	+38.5%	26,4 k €	-32.5%	39,2 k €	+11.4%	35,1 k €	-14.9%	41,3 k €	+16.1%	35,6 k €	+76.6%	20,1 k €	-24.3%	26,6 k €	-16.2%	31,7 k €	-45.3%	58 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active

Active mandates

Denis decroix

Manager

Active

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	29/04/2025	30/04/2024	28/04/2023	31/05/2022	31/05/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	27/03/2026	29/04/2026	French	PDF
Micro model	30/09/2024	28/03/2025	29/04/2025	French	PDF
Micro model	30/09/2023	29/03/2024	30/04/2024	French	PDF
Micro model	30/09/2022	31/03/2023	28/04/2023	French	PDF
Micro model	30/09/2021	25/03/2022	31/05/2022	French	PDF
Micro model	30/09/2020	26/03/2021	31/05/2021	French	PDF
Micro model	30/09/2019	27/03/2020	30/05/2020	French	PDF
Micro model	30/09/2018	29/03/2019	02/05/2019	French	PDF
Micro model	30/09/2017	30/03/2018	31/05/2018	French	PDF
Abridged model	30/09/2016	30/03/2017	17/05/2017	French	PDF
Abridged model	30/09/2015	20/03/2016	25/03/2016	French	PDF
Abridged model	30/09/2014	05/03/2015	24/04/2015	French	PDF
Abridged model	30/09/2013	26/03/2014	05/05/2014	French	PDF
Abridged model	30/09/2012	13/03/2013	25/04/2013	French	PDF
Abridged model	30/09/2011	30/03/2012	04/04/2012	French	PDF
Abridged model	30/09/2010	31/03/2011	20/04/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 1 active

Active mandates

Denis decroix

Manager

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/10/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office10/03/2014
SIEGE SOCIAL
PDF
Registered office05/11/2012
SIEGE SOCIAL
PDF
Other20/04/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202519,1 k €↓
2024
Annual accounts 202423,4 k €↑
2023
Annual accounts 202315,7 k €↑
2022
Annual accounts 20223,9 k €↑
2021
Annual accounts 2021651 €↑
2020
Annual accounts 2020649 €↑
2019
Annual accounts 2019-4,9 k €↓
2018
Annual accounts 20189,5 k €↓
2017
Annual accounts 201713,9 k €↑
2016
Annual accounts 201610,5 k €↓
2015
Annual accounts 201519,7 k €↑
2014
Annual accounts 201418,8 k €↑
2013
Annual accounts 20133,6 k €↑
2012
Annual accounts 2012-7,4 k €↑
2011
Annual accounts 2011-9,8 k €↓
2010
Annual accounts 201016,7 k €
16/04/2009
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 TOAST

Overview

What does BLACK TOAST do?

Trend over 16 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