ACTIVE

WHITE RUSSIAN

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Financial year 2025 · closed on 31/12/2025

Net result

29,7 k €

-50.1% YoY

Gross margin

38,5 k €

-57.6% YoY

Equity

282,2 k €

-11.3% YoY

What does WHITE RUSSIAN do?

WHITE RUSSIAN is a Private limited company incorporated in 2007. Its main activity is: Photographic activities. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.274.323

Incorporation

08/05/2007

Legal form

Private limited company

Registered office

Nieuwstraat 16
8560 Wevelgem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

74201Photographic activities· main 74201Photographic activities 74811Other professional, scientific and technical activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	38,5 k €	-57.6%	90,7 k €	+11.0%	81,7 k €	+16.4%	70,2 k €	+105%	34,3 k €	-1.1%	34,7 k €	-19.5%	43,1 k €	+46.6%	29,4 k €	+116%	13,6 k €	-50.7%	27,5 k €	-40.9%	46,6 k €	-11.4%	52,6 k €	-32.2%	77,6 k €	-23.0%	100,9 k €	+44.2%	69,9 k €	+78.5%	39,2 k €	-51.9%	81,4 k €	+38.4%	58,8 k €
EBITDA	37,3 k €	-58.3%	89,4 k €	+13.3%	78,9 k €	+14.1%	69,2 k €	+108%	33,2 k €	+1.1%	32,8 k €	-22.5%	42,4 k €	+47.8%	28,7 k €	+123%	12,9 k €	-52.0%	26,8 k €	-41.6%	45,9 k €	-11.6%	51,9 k €	-32.5%	76,9 k €	-23.1%	100 k €	+44.4%	69,3 k €	+80.1%	38,5 k €	-52.4%	80,8 k €	+38.5%	58,3 k €
Operating result	37,3 k €	-56.4%	85,5 k €	+19.2%	71,7 k €	+15.1%	62,3 k €	+143%	25,6 k €	+1.4%	25,3 k €	-38.7%	41,2 k €	+69.8%	24,3 k €	+201%	8 k €	-63.6%	22,1 k €	-45.0%	40,2 k €	+34.1%	30 k €	-57.9%	71,2 k €	-18.6%	87,4 k €	+39.6%	62,7 k €	+101%	31,2 k €	-60.4%	79 k €	+38.0%	57,2 k €
Net result	29,7 k €	-50.1%	59,5 k €	+27.5%	46,7 k €	+1.8%	45,9 k €	+123%	20,6 k €	+19.9%	17,1 k €	-41.2%	29,2 k €	+83.5%	15,9 k €	+178%	5,7 k €	-67.3%	17,5 k €	-41.4%	29,8 k €	+38.0%	21,6 k €	-62.3%	57,1 k €	-12.2%	65,1 k €	+26.2%	51,6 k €	+108%	24,8 k €	-56.9%	57,6 k €	+36.3%	42,3 k €
Balance sheet
Equity	282,2 k €	-11.3%	318 k €	+15.4%	275,6 k €	-1.2%	278,9 k €	+19.7%	233,1 k €	+2.0%	228,5 k €	+8.1%	211,3 k €	+16.0%	182,2 k €	+9.6%	166,3 k €	+3.6%	160,6 k €	+12.2%	143,1 k €	+26.2%	113,4 k €	-27.7%	156,8 k €	+36.8%	114,7 k €	-25.8%	154,6 k €	+33.3%	116 k €	+20.6%	96,1 k €	+121%	43,5 k €
Total assets	450,2 k €	+1.8%	442,2 k €	+11.5%	396,7 k €	+10.6%	358,6 k €	+21.2%	296 k €	+1.4%	291,9 k €	+2.5%	284,8 k €	+31.1%	217,3 k €	-29.3%	307,5 k €	+6.9%	287,6 k €	-1.8%	292,7 k €	-13.7%	339,3 k €	-20.3%	425,5 k €	+32.4%	321,3 k €	-1.9%	327,7 k €	+13.2%	289,6 k €	+21.5%	238,3 k €	-21.9%	305,1 k €
Cash	191,8 k €	+28.6%	149,1 k €	+4.2%	143,1 k €	-53.2%	305,8 k €	+21.6%	251,5 k €	+2.0%	246,5 k €	+13.9%	216,5 k €	+13.0%	191,5 k €	+17.5%	163,1 k €	-10.5%	182,2 k €	-10.3%	203 k €	-17.6%	246,3 k €	-11.0%	276,7 k €	+37.6%	201,1 k €	+8.4%	185,5 k €	+65.8%	111,9 k €	-27.0%	153,3 k €	+98.3%	77,3 k €
Debts	164,7 k €	+35.6%	121,4 k €	+4.6%	116,1 k €	+58.2%	73,4 k €	+23.4%	59,5 k €	+19.9%	49,6 k €	-26.3%	67,4 k €	+101%	33,5 k €	-71.5%	117,8 k €	+2.1%	115,4 k €	-21.1%	146,2 k €	-34.7%	224 k €	-16.2%	267,4 k €	+51.1%	177 k €	+2.5%	172,7 k €	+20.0%	143,9 k €	+1.3%	142,1 k €	-39.0%	233 k €

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 · 1 active · 4 ended

Active mandates

Eveline Vanassche

Director · since 23 mars 2023

Active

Ended mandates

EVELINE VAN ASSCHE

Director · since 27 avril 2007

Ended

EVELINE VAN ASSCHE

Manager · since 27 avril 2007

Ended

Eveline Vanassche

Manager · since 27 avril 2007

Ended

EVELINE VANASSCHE

Manager

Ended

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	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	21 months	12 months	12 months	12 months
Filing date	15/06/2026	19/08/2025	05/07/2024	24/11/2022	10/11/2021	11/11/2020
General meeting	11/06/2026	18/08/2025	20/06/2024	30/09/2022	15/10/2021	25/09/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/06/2026	15/06/2026	Dutch	PDF
Micro model	31/12/2024	18/08/2025	19/08/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	05/07/2024	Dutch	PDF
Micro model	31/03/2022	30/09/2022	24/11/2022	Dutch	PDF
Micro model	31/03/2021	15/10/2021	10/11/2021	Dutch	PDF
Micro model	31/03/2020	25/09/2020	11/11/2020	Dutch	PDF
Micro model	31/03/2019	27/09/2019	07/11/2019	Dutch	PDF
Micro model	31/03/2018	28/09/2018	31/10/2018	Dutch	PDF
Micro model	31/03/2017	29/09/2017	06/11/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	04/10/2016	Dutch	PDF
Abridged model	31/03/2015	25/09/2015	29/09/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	30/10/2014	Dutch	PDF
Abridged model	31/03/2013	27/09/2013	12/11/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	15/11/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	14/11/2011	Dutch	PDF
Abridged model	31/03/2010	24/09/2010	02/11/2010	Dutch	PDF
Abridged model	31/03/2009	25/09/2009	26/11/2009	Dutch	PDF
Abridged model	31/03/2008	21/11/2008	05/12/2008	Dutch	PDF

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 · 1 active · 4 ended

Active mandates

Eveline Vanassche

Director · since 23 mars 2023

Active

Ended mandates

EVELINE VAN ASSCHE

Director · since 27 avril 2007

Ended

EVELINE VAN ASSCHE

Manager · since 27 avril 2007

Ended

Eveline Vanassche

Manager · since 27 avril 2007

Ended

EVELINE VANASSCHE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office17/02/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office23/12/2014
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/11/2012
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/04/2010
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/10/2008
MAATSCHAPPELIJKE ZETEL
PDF
Other16/05/2007
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 202529,7 k €↓
2024
Annual accounts 202459,5 k €↑
2023
Annual accounts 202346,7 k €↑
2022
Annual accounts 202245,9 k €↑
2021
Annual accounts 202120,6 k €↑
2020
Annual accounts 202017,1 k €↓
2019
Annual accounts 201929,2 k €↑
2018
Annual accounts 201815,9 k €↑
2017
Annual accounts 20175,7 k €↓
2016
Annual accounts 201617,5 k €↓
2015
Annual accounts 201529,8 k €↑
2014
Annual accounts 201421,6 k €↓
2013
Annual accounts 201357,1 k €↓
2012
Annual accounts 201265,1 k €↑
2011
Annual accounts 201151,6 k €↑
2010
Annual accounts 201024,8 k €↓
2009
Annual accounts 200957,6 k €↑
2008
Annual accounts 200842,3 k €
08/05/2007
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

WHITE RUSSIAN

Overview

What does WHITE RUSSIAN do?

Trend over 18 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