ACTIVE

BLACERCEL

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Financial year 2025 · closed on 31/12/2025

Net result

513,3 k €

+87.0% YoY

Gross margin

27,5 k €

+12.5% YoY

Equity

56,7 M €

+0.9% YoY

What does BLACERCEL do?

BLACERCEL is a Public limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Chaumont-Gistoux.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.327.510

Incorporation

10/03/2008

Legal form

Public limited company

Registered office

Clos de la Closerie 3
1325 Chaumont-Gistoux · WallonieSee on map

Contributed capital

54 318 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	27,5 k €	+12.5%	24,4 k €	+383%	5,1 k €	-31.8%	7,4 k €	-0.2%	7,4 k €	+899%	-931,4 €	-111%	8,2 k €	+160%	-13,6 k €	-184%	-4,8 k €	+77.7%	-21,6 k €	-419%	6,8 k €	-21.6%	8,6 k €	-12.6%	9,8 k €	-0.0%	9,9 k €	+51.0%	6,5 k €	+4781%	-139,3 €	+99.0%	-13,7 k €
EBITDA	26,5 k €	+12.9%	23,4 k €	+481%	4 k €	-38.4%	6,6 k €	-0.3%	6,6 k €	+465%	-1,8 k €	-124%	7,4 k €	+151%	-14,5 k €	-156%	-5,7 k €	+74.1%	-21,9 k €	-478%	5,8 k €	-24.3%	7,7 k €	-13.9%	8,9 k €	-0.0%	8,9 k €	+59.4%	5,6 k €	+1069%	-575,8 €	+96.0%	-14,5 k €
Operating result	25,4 k €	+13.5%	22,4 k €	+588%	3,3 k €	-45.9%	6 k €	-1.3%	6,1 k €	+438%	-1,8 k €	-124%	7,4 k €	+151%	-14,5 k €	-156%	-5,7 k €	+74.1%	-21,9 k €	-478%	5,8 k €	-24.3%	7,7 k €	-13.9%	8,9 k €	-0.0%	8,9 k €	+59.4%	5,6 k €	+1069%	-575,8 €	+96.0%	-14,5 k €
Net result	513,3 k €	+87.0%	274,5 k €	+10.6%	248,3 k €	-0.3%	249 k €	+0.1%	248,8 k €	+14.9%	216,5 k €	+7.8%	200,9 k €	+40.4%	143,1 k €	-66.8%	431,5 k €	-92.8%	6 M €	-44.1%	10,7 M €	+344%	2,4 M €	-55.5%	5,4 M €	-60.1%	13,5 M €	+443%	-3,9 M €	-154%	7,4 M €	+118%	-41,6 M €
Balance sheet
Equity	56,7 M €	+0.9%	56,2 M €	+0.5%	55,9 M €	+0.4%	55,6 M €	+0.4%	55,4 M €	+0.5%	55,1 M €	+0.4%	54,9 M €	+0.4%	54,7 M €	+0.3%	54,6 M €	+0.8%	54,2 M €	+12.4%	48,2 M €	+28.5%	37,5 M €	+6.9%	35,1 M €	+18.2%	29,7 M €	+83.6%	16,2 M €	-19.6%	20,1 M €	+57.6%	12,8 M €
Total assets	64,5 M €	+0.4%	64,3 M €	+0.2%	64,2 M €	+0.1%	64,1 M €	+0.1%	64 M €	+0.1%	64 M €	+0.1%	63,9 M €	+0.1%	63,9 M €	-0.4%	64,1 M €	+0.5%	63,8 M €	+10.3%	57,8 M €	+22.5%	47,2 M €	+5.1%	44,9 M €	+13.7%	39,5 M €	+52.1%	26 M €	-15.8%	30,8 M €	+31.5%	23,5 M €
Cash	42,5 k €	-19.1%	52,5 k €	-85.5%	362,5 k €	-26.4%	492,4 k €	+13.0%	435,9 k €	+9.1%	399,7 k €	+15.5%	346 k €	+24.0%	279 k €	-45.2%	509,1 k €	+155%	199,6 k €	+208%	64,8 k €	+1529%	4 k €	-92.2%	50,8 k €	+637%	6,9 k €	+491%	1,2 k €	-36.8%	1,8 k €	-35.5%	2,9 k €
Debts	7,8 M €	-3.1%	8,1 M €	-2.1%	8,3 M €	-1.9%	8,4 M €	-2.2%	8,6 M €	-2.4%	8,8 M €	-1.8%	9 M €	-1.5%	9,1 M €	-3.9%	9,5 M €	-1.3%	9,6 M €	+0.0%	9,6 M €	-0.5%	9,7 M €	-1.0%	9,8 M €	-0.0%	9,8 M €	-0.0%	9,8 M €	-8.7%	10,7 M €	+0.3%	10,7 M €

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 · 17 ended

Active mandates

Marie-Noël Paquot

Director · since 17 avril 2023 · until 16 avril 2029

Active

Ended mandates

Renaud Festraets

Director · since 01 mai 2020 · until 22 mai 2025

Ended

Renaud FESTRAETS

Director · since 04 mars 2020 · until 02 mai 2025

Ended

ANCHORAGE

Director · since 03 mai 2019 · until 09 juin 2020 · 0464.011.871

Represented by Valérie PAQUOT

Ended

ANCHORAGE

Director · since 03 mai 2019 · until 02 mai 2025 · 0464.011.871

Represented by Valérie Paquot

Ended

At this address

Other companies at this address

Company	CBE no.
BLACERCELI● Active	0721.675.644
VIVIER D’OIE PATRIMOINE● Active	1039.105.273

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	27/03/2026	19/06/2025	29/05/2024	14/03/2023	11/05/2022	18/05/2021
General meeting	20/03/2026	11/06/2025	03/05/2024	02/03/2023	06/05/2022	07/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/03/2026	27/03/2026	French	PDF
Micro model	31/12/2024	11/06/2025	19/06/2025	French	PDF
Micro model	31/12/2023	03/05/2024	29/05/2024	French	PDF
Micro model	31/12/2022	02/03/2023	14/03/2023	French	PDF
Micro model	31/12/2021	06/05/2022	11/05/2022	French	PDF
Micro model	31/12/2020	07/05/2021	18/05/2021	French	PDF
Micro model	31/12/2019	01/05/2020	04/05/2020	French	PDF
Micro model	31/12/2018	03/05/2019	07/05/2019	French	PDF
Micro model	31/12/2017	04/05/2018	16/05/2018	French	PDF
Micro model	31/12/2016	05/05/2017	30/05/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	27/05/2016	French	PDF
Abridged model	31/12/2014	01/05/2015	14/11/2016	French	PDF
Abridged model	31/12/2013	02/05/2014	23/05/2014	French	PDF
Abridged model	31/12/2012	03/05/2013	11/06/2013	French	PDF
Abridged model	31/12/2011	04/05/2012	23/05/2012	French	PDF
Abridged model	31/12/2010	06/05/2011	31/05/2011	French	PDF
Abridged model	31/12/2009	07/05/2010	31/05/2010	French	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 · 17 ended

Active mandates

Marie-Noël Paquot

Director · since 17 avril 2023 · until 16 avril 2029

Active

Ended mandates

Renaud Festraets

Director · since 01 mai 2020 · until 22 mai 2025

Ended

Renaud FESTRAETS

Director · since 04 mars 2020 · until 02 mai 2025

Ended

ANCHORAGE

Director · since 03 mai 2019 · until 09 juin 2020 · 0464.011.871

Represented by Valérie PAQUOT

Ended

ANCHORAGE

Director · since 03 mai 2019 · until 02 mai 2025 · 0464.011.871

Represented by Valérie Paquot

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/04/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates26/05/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates26/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/05/2008
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025513,3 k €↑
2024
Annual accounts 2024274,5 k €↑
2023
Annual accounts 2023248,3 k €↓
2022
Annual accounts 2022249 k €↑
2021
Annual accounts 2021248,8 k €↑
2020
Annual accounts 2020216,5 k €↑
2019
Annual accounts 2019200,9 k €↑
2018
Annual accounts 2018143,1 k €↓
2017
Annual accounts 2017431,5 k €↓
2016
Annual accounts 20166 M €↓
2015
Annual accounts 201510,7 M €↑
2014
Annual accounts 20142,4 M €↓
2013
Annual accounts 20135,4 M €↓
2012
Annual accounts 201213,5 M €↑
2011
Annual accounts 2011-3,9 M €↓
2010
Annual accounts 20107,4 M €↑
2009
Annual accounts 2009-41,6 M €
10/03/2008
IncorporationPublic 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

BLACERCEL

Overview

What does BLACERCEL do?

Trend over 17 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