ACTIVE

CASH-BLANCKE

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Financial year 2025 · closed on 31/12/2025

Net result

48,8 k €

-37.7% YoY

Gross margin

98,3 k €

-19.5% YoY

Equity

-77,8 k €

+38.6% YoY

What does CASH-BLANCKE do?

CASH-BLANCKE is a Private limited company incorporated in 2009. Its main activity is: Wholesale of tobacco products. Its registered office is in Koksijde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.139.230

Incorporation

08/06/2009

Legal form

Private limited company

Registered office

Witte Burg(Odk) 60
8670 Koksijde · FlandreSee on map

Contributed capital

50 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46350Wholesale of tobacco products· main 46350Wholesale of tobacco products 47252Retail sale of beverages in specialised stores 47252Retail sale of beverages in specialised stores 47260Retail sale of tobacco products in specialised stores 47260Retail sale of tobacco products in specialised stores+2

Joint committees (4)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	98,3 k €	-19.5%	122,2 k €	-13.6%	141,4 k €	+20.6%	117,2 k €	-10.6%	131,2 k €	+161%	50,3 k €	-23.9%	66,1 k €	+7.7%	61,4 k €	+58.4%	38,7 k €	-16.2%	46,2 k €	-29.0%	65,1 k €	+3.4%	63 k €	+1041%	5,5 k €	+134%	-16,1 k €	-229%	-4,9 k €	-102%	325,1 k €
EBITDA	56,7 k €	-34.9%	87,1 k €	-11.9%	98,8 k €	+31.1%	75,4 k €	-18.7%	92,8 k €	+582%	13,6 k €	-58.6%	32,9 k €	+250%	-21,9 k €	+8.6%	-23,9 k €	-24.4%	-19,2 k €	-135%	-8,2 k €	-275%	-2,2 k €	+70.3%	-7,4 k €	+54.4%	-16,2 k €	-284%	8,8 k €	+102%	-384,2 k €
Operating result	48,4 k €	-39.0%	79,3 k €	-15.3%	93,6 k €	+33.6%	70,1 k €	-20.2%	87,8 k €	+812%	9,6 k €	-65.2%	27,7 k €	+226%	-21,9 k €	+8.6%	-23,9 k €	-24.4%	-19,2 k €	-215%	16,7 k €	-63.0%	45 k €	+467%	-12,3 k €	+94.4%	-221 k €	-2617%	8,8 k €	+102%	-384,2 k €
Net result	48,8 k €	-37.7%	78,3 k €	-16.3%	93,5 k €	-14.7%	109,6 k €	+25.1%	87,7 k €	+833%	9,4 k €	-67.9%	29,3 k €	+231%	-22,3 k €	+8.8%	-24,5 k €	-26.3%	-19,4 k €	-168%	28,6 k €	-39.1%	46,9 k €	+769%	-7 k €	+96.6%	-207,8 k €	-3255%	6,6 k €	+102%	-385,5 k €
Balance sheet
Equity	-77,8 k €	+38.6%	-126,6 k €	+38.2%	-204,9 k €	+31.3%	-298,4 k €	+26.9%	-408,1 k €	+17.7%	-495,7 k €	+1.9%	-505,1 k €	+5.5%	-534,4 k €	-4.4%	-512,1 k €	-5.0%	-487,6 k €	-4.1%	-468,2 k €	+5.7%	-496,8 k €	+8.6%	-543,7 k €	-1.3%	-536,7 k €	-63.2%	-328,9 k €	+2.0%	-335,5 k €
Total assets	103 k €	+21.3%	84,9 k €	-2.9%	87,5 k €	-8.5%	95,6 k €	-11.2%	107,7 k €	+31.5%	81,9 k €	-8.8%	89,8 k €	+78.8%	50,2 k €	+266%	13,7 k €	-65.1%	39,3 k €	-17.6%	47,7 k €	-10.9%	53,5 k €	+34.2%	39,9 k €	-12.4%	45,5 k €	-84.6%	295,6 k €	-31.4%	430,8 k €
Cash	7,1 k €	-61.6%	18,6 k €	-18.5%	22,8 k €	-19.5%	28,4 k €	-12.0%	32,3 k €	+81.9%	17,7 k €	+6.9%	16,6 k €	-23.7%	21,7 k €	+406%	4,3 k €	+9.3%	3,9 k €	-84.3%	25 k €	-26.7%	34,1 k €	+80.1%	18,9 k €	+80.7%	10,5 k €	-49.8%	20,8 k €	-63.2%	56,6 k €
Debts	180,2 k €	-14.5%	210,8 k €	-27.9%	292,3 k €	-25.8%	394 k €	-23.6%	515,8 k €	-10.7%	577,7 k €	-2.9%	594,9 k €	+1.8%	584,7 k €	+11.2%	525,8 k €	-0.2%	526,9 k €	+2.1%	515,9 k €	-6.3%	550,3 k €	-5.7%	583,6 k €	+0.2%	582,2 k €	-6.6%	623,6 k €	-18.6%	766,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP		–		–		6,9 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 31/12/2025 · 1 active · 3 ended

Active mandates

Filip Gerard Dekeerle

Director

Active

Ended mandates

HEIDI DESCAN

Manager · since 22 mars 2010

Ended

Filip Dekeerle

Manager

Ended

FILIP DEKEERLE

Director

Ended

At this address

Other companies at this address

Company	CBE no.
FM PROJECTS● Active	0463.092.549

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/06/2026	05/06/2026	03/07/2024	14/10/2023	11/07/2022	24/07/2021
General meeting	22/06/2026	23/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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	31/12/2025	22/06/2026	22/06/2026	Dutch	PDF
Micro model	31/12/2024	23/06/2025	05/06/2026	Dutch	PDF
Micro model	31/12/2023	24/06/2024	03/07/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	14/10/2023	Dutch	PDF
Micro model	31/12/2021	27/06/2022	11/07/2022	Dutch	PDF
Micro model	31/12/2020	28/06/2021	24/07/2021	Dutch	PDF
Micro model	31/12/2019	31/08/2020	05/10/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	22/07/2019	Dutch	PDF
Micro model	31/12/2017	16/07/2018	16/08/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/07/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	20/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/08/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	04/07/2011	29/07/2011	Dutch	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 31/12/2025 · 1 active · 3 ended

Active mandates

Filip Gerard Dekeerle

Director

Active

Ended mandates

HEIDI DESCAN

Manager · since 22 mars 2010

Ended

Filip Dekeerle

Manager

Ended

FILIP DEKEERLE

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other25/06/2024
STATUTEN (VERTALING, COORDINATIE, OVERIGE
PDF
Registered office28/02/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/12/2011
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Registered office31/08/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other16/06/2009
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

2025
Annual accounts 202548,8 k €↓
2024
Annual accounts 202478,3 k €↓
2023
Annual accounts 202393,5 k €↓
2022
Annual accounts 2022109,6 k €↑
2021
Annual accounts 202187,7 k €↑
2020
Annual accounts 20209,4 k €↓
2019
Annual accounts 201929,3 k €↑
2018
Annual accounts 2018-22,3 k €↑
2017
Annual accounts 2017-24,5 k €↓
2016
Annual accounts 2016-19,4 k €↓
2015
Annual accounts 201528,6 k €↓
2014
Annual accounts 201446,9 k €↑
2013
Annual accounts 2013-7 k €↑
2012
Annual accounts 2012-207,8 k €↓
2011
Annual accounts 20116,6 k €↑
2010
Annual accounts 2010-385,5 k €
08/06/2009
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

CASH-BLANCKE

Overview

What does CASH-BLANCKE do?

Trend over 16 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