ACTIVE

BLACK ARROW

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Financial year 2025 · closed on 30/09/2025

Net result

358,9 k €

+3753.7% YoY

Gross margin

917,1 k €

+781.4% YoY

Equity

584 k €

+159.4% YoY

What does BLACK ARROW do?

BLACK ARROW is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Ieper.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0811.676.501

Incorporation

12/05/2009

Legal form

Private limited company

Registered office

Poperingseweg 121
8900 Ieper · FlandreSee on map

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 70210Public relations and communication activities 73300Advertising and market research 82100Office administrative and support activities 82110Combined office administrative service activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	917,1 k €	+781%	104 k €	-6.6%	111,4 k €	-32.0%	163,7 k €	-47.6%	312,7 k €	+136%	132,6 k €		–		–		–		–		–		–		–		18,7 k €
EBITDA	915 k €	+792%	102,6 k €	+17.3%	87,4 k €	-46.0%	162 k €	-46.6%	303,3 k €	+162%	115,9 k €	+19.4%	97,1 k €	-10.0%	107,9 k €	+98.7%	54,3 k €	+437%	10,1 k €	-5.0%	10,6 k €	-3.4%	11 k €	+14.5%	9,6 k €	-44.7%	17,4 k €
Operating result	905,4 k €	+820%	98,4 k €	-7.4%	106,3 k €	-22.3%	136,8 k €	-54.0%	297,4 k €	+159%	114,7 k €	+31.6%	87,1 k €	-16.7%	104,6 k €	+96.9%	53,2 k €	+436%	9,9 k €	+36.8%	7,2 k €	-5.6%	7,7 k €	+22.2%	6,3 k €	-43.0%	11 k €
Net result	358,9 k €	+3754%	9,3 k €	+1113%	768 €	-99.1%	88,3 k €	+1577%	5,3 k €	-91.2%	59,9 k €	+8.2%	55,4 k €	-27.5%	76,4 k €	+122%	34,4 k €	+709%	4,2 k €	+213%	1,4 k €	+361%	294 €	+117%	-1,8 k €	-202%	1,7 k €
Balance sheet
Equity	584 k €	+159%	225,1 k €	+4.3%	215,8 k €	+0.4%	215 k €	+69.7%	126,7 k €	+4.3%	121,4 k €	-82.6%	696,1 k €	-2.9%	717,3 k €	+6.9%	670,9 k €	+5.4%	636,5 k €	+0.1%	636,2 k €	+0.2%	634,8 k €	+0.0%	634,5 k €	+3694%	16,7 k €
Total assets	634,4 k €	+23.0%	515,8 k €	-15.8%	612,7 k €	-23.6%	802 k €	+10.8%	723,9 k €	-32.0%	1,1 M €	-10.4%	1,2 M €	+0.4%	1,2 M €	+27.7%	926,8 k €	+4.3%	888,4 k €	+0.7%	882,1 k €	-0.6%	887,4 k €	-1.2%	898,2 k €	+221%	280,2 k €
Cash	138,2 k €	+2498%	5,3 k €	-86.4%	39 k €	-7.5%	42,2 k €	+816%	4,6 k €	-90.4%	48 k €	+3.0%	46,6 k €	-6.5%	49,8 k €	+27.3%	39,1 k €	+165%	14,8 k €	+89.9%	7,8 k €	-27.0%	10,7 k €	-41.0%	18,1 k €	+86.3%	9,7 k €
Debts	49,6 k €	-82.9%	290,4 k €	-26.8%	396,6 k €	-32.4%	586,8 k €	-1.7%	597,2 k €	-36.7%	943,7 k €	+91.5%	492,7 k €	+5.7%	466,2 k €	+82.2%	255,9 k €	+1.6%	251,9 k €	+2.6%	245,6 k €	-2.8%	252,6 k €	-4.2%	263,7 k €	+0.1%	263,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

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

Active mandates

BRAM LAMAIRE

Director

Active

Ended mandates

BRAM LAMAIRE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
PANEAU● Active	0746.600.585

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	21 months	12 months
Filing date	03/04/2026	17/03/2025	15/03/2024	24/03/2023	25/02/2022	20/07/2020
General meeting	07/03/2026	01/03/2025	02/03/2024	04/03/2023	29/01/2022	27/06/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	07/03/2026	03/04/2026	Dutch	PDF
Abridged model	30/09/2024	01/03/2025	17/03/2025	Dutch	PDF
Abridged model	30/09/2023	02/03/2024	15/03/2024	Dutch	PDF
Abridged model	30/09/2022	04/03/2023	24/03/2023	Dutch	PDF
Abridged model	30/09/2021	29/01/2022	25/02/2022	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	20/07/2020	Dutch	PDF
Full model	31/12/2018	01/06/2019	18/06/2019	Dutch	PDF
Full model	31/12/2017	02/06/2018	04/06/2018	Dutch	PDF
Full model	31/03/2016	04/10/2016	31/10/2016	Dutch	PDF
Full model	31/03/2015	12/09/2015	25/09/2015	Dutch	PDF
Full model	31/03/2014	06/09/2014	30/09/2014	Dutch	PDF
Full model	31/03/2013	30/09/2013	29/10/2013	Dutch	PDF
Full model	31/03/2012	27/10/2012	16/11/2012	Dutch	PDF
Abridged model	31/03/2011	24/09/2011	22/10/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/09/2025 · 1 active · 1 ended

Active mandates

BRAM LAMAIRE

Director

Active

Ended mandates

BRAM LAMAIRE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office15/09/2025
MAATSCHAPPELIJKE ZETEL
PDF
Registered office05/04/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/12/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares12/12/2019
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/10/2019
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other13/04/2017
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office02/12/2013
MAATSCHAPPELIJKE ZETEL
PDF
Registered office02/09/2013
MAATSCHAPPELIJKE ZETEL
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 2025358,9 k €↑
2024
Annual accounts 20249,3 k €↑
2023
Annual accounts 2023768 €↓
2022
Annual accounts 202288,3 k €↑
2021
Annual accounts 20215,3 k €↓
2019
Annual accounts 201959,9 k €↑
2018
Annual accounts 201855,4 k €↓
2017
Annual accounts 201776,4 k €↑
2016
Annual accounts 201634,4 k €↑
2015
Annual accounts 20154,2 k €↑
2014
Annual accounts 20141,4 k €↑
2013
Annual accounts 2013294 €↑
2012
Annual accounts 2012-1,8 k €↓
2011
Annual accounts 20111,7 k €
12/05/2009
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 ARROW

Overview

What does BLACK ARROW do?

Trend over 14 financial years

Indicative valuation

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