ACTIVE

BLACK SWAN

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Financial year 2025 · Closed on 30/06/2025

Net result308,7 k €+1 136,2 %over 1 year

Gross margin-47,8 k €+21,2 %over 1 year

Equity3,3 M €-2,7 %over 1 year

Identity

Source · BCE/KBO

BLACK SWAN is a Public limited company incorporated in 2010. Its registered office is in Damme.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0827.036.648
Incorporation: 24/06/2010
Legal form: Public limited company
Registered office: Vissersstraat 21 box b
8340 Damme · FlandreSee on map
Contributed capital: 2 750 000,00 €
Latest accounts: 30/06/2025

Signals

ProfitableSolid equityLow riskPositive cashflow

Financials

Source · NBB, 15 filings

Trend over 14 financial years

	2025		2024		2023		2022		2020
Income statement
Gross margin	-47,8 k €	+21.2%	-60,7 k €	+21.1%	-76,9 k €	+11.1%	-86,5 k €	+12.1%	-98,5 k €
EBITDA	-48,9 k €	+31.9%	-71,9 k €	+7.7%	-77,9 k €	+11.0%	-87,5 k €	+11.2%	-98,6 k €
Operating result	-48,9 k €	+31.9%	-71,9 k €	+7.7%	-77,9 k €	+11.0%	-87,5 k €	+11.2%	-98,6 k €
Net result	308,7 k €	+1136%	25 k €	+122%	-113,5 k €	-138%	298,7 k €	-79.2%	1,4 M €
Balance sheet
Equity	3,3 M €	-2.7%	3,3 M €	+0.8%	3,3 M €	-3.3%	3,4 M €	+9.9%	3,1 M €
Total assets	4,1 M €	-20.6%	5,1 M €	-10.2%	5,7 M €	-18.8%	7 M €	+14.4%	6,2 M €
Cash	544,8 k €	+616%	76,1 k €	-88.2%	645,2 k €	+283%	168,4 k €		–
Debts	824 k €	-53.9%	1,8 M €	-25.4%	2,4 M €	-33.5%	3,6 M €	+19.1%	3 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christian Bultiauw	Director24/06/2010 → 30/09/2028
Next Gear0869.565.210Represented by Anthony Theys	Director14/05/2012 → 30/09/2028
Olivier Rogiest	Director24/06/2010 → 30/09/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anthony Theys	Managing director24/06/2010 → 2012 accounts
Christian Biltiauw	Director24/06/2010 → 2011 accounts

Other companies at this address

Vissersstraat 21 8340 Damme

Company	CBE no.
Black Bull● Active	1009.969.740
Black Bullet● Active	1010.679.226
BLACK DUCK● Active	0632.535.713
BLACK GOOSE● Active	0632.643.502
DAUTRICOURT INVEST● Active	1016.877.130
FARADAY BROTHERS● Active	0753.610.024
FIRST GEAR● Active	0846.978.264
Next Gear● Active	0869.565.210
SWAN ENERGY 2● Active	0713.954.543

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/10/2025	16/10/2024	20/10/2023	21/10/2022	01/10/2021	08/10/2020
General meeting	30/09/2025	03/10/2024	28/09/2023	30/09/2022	30/09/2021	30/09/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	30/09/2025	24/10/2025	Dutch	PDF
Abridged model	30/06/2024	03/10/2024	16/10/2024	Dutch	PDF
Abridged model	30/06/2023	28/09/2023	20/10/2023	Dutch	PDF
Abridged model	30/06/2022	30/09/2022	21/10/2022	Dutch	PDF
Abridged model	30/06/2021	30/09/2021	01/10/2021	Dutch	PDF
Abridged model	30/06/2020	30/09/2020	08/10/2020	Dutch	PDF
Abridged model	30/06/2019	30/09/2019	19/12/2019	Dutch	PDF
Abridged model	30/06/2018	30/09/2018	19/12/2018	Dutch	PDF
Abridged model	30/06/2017	30/09/2017	07/12/2017	Dutch	PDF
Abridged model	30/06/2016	06/12/2016	28/02/2017	Dutch	PDF
Abridged model	30/06/2015	30/09/2015	09/01/2016	Dutch	PDF
Abridged model	30/06/2014	30/09/2014	14/10/2014	Dutch	PDF
Abridged model	30/06/2013	30/09/2013	20/12/2013	Dutch	PDF
Abridged model	30/06/2012	30/09/2012	27/11/2012	Dutch	PDF
Abridged model	30/06/2011	03/12/2011	12/01/2012	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christian Bultiauw	Director24/06/2010 → 30/09/2028
Next Gear0869.565.210Represented by Anthony Theys	Director14/05/2012 → 30/09/2028
Olivier Rogiest	Director24/06/2010 → 30/09/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anthony Theys	Managing director24/06/2010 → 2012 accounts
Christian Biltiauw	Director24/06/2010 → 2011 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2016
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/03/2015
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other29/06/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other08/07/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Next Gear

Christian Bultiauw

Olivier Rogiest

Christian Biltiauw

Anthony Theys

2010201120122013201420152016201720182019202020212022202320242025202620272028

BLACK SWAN

Vissersstraat 21/B, 8340 Damme

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Vissersstraat 21 bte b, 8340 DammeCurrent		CBE
Vissersstraat 21/B, 8340 Damme	accounts 2022 → 2025	Accounts 2025 · 2025-00550264

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BLACK SWANCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00550264

Events

2025
Annual accounts 2025308,7 k €↑
2024
Annual accounts 202425 k €↑
2023
Annual accounts 2023-113,5 k €↓
2022
Annual accounts 2022298,7 k €↓
2020
Annual accounts 20201,4 M €↑
2019
Annual accounts 2019258,1 k €↓
2018
Annual accounts 20181 M €↑
2017
Annual accounts 2017516,8 k €↑
2016
Annual accounts 201639,5 k €↓
2015
Annual accounts 2015175,1 k €↓
2014
Annual accounts 2014187,6 k €↑
2013
Annual accounts 2013-8,3 k €↓
2012
Annual accounts 201291,9 k €↑
2011
Annual accounts 201134,6 k €
24/06/2010
IncorporationPublic limited company

BLACK SWAN

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events