ACTIVE

BLACK-WHITE

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Financial year 2025 · closed on 30/09/2025

Net result

23,6 k €

+61.1% YoY

Gross margin

34,2 k €

+41.0% YoY

Equity

20 k €

+651.8% YoY

What does BLACK-WHITE do?

BLACK-WHITE is a Private company with limited liability incorporated in 2008. Its main activity is: Painting and glazing. Its registered office is in Hechtel-Eksel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.374.921

Incorporation

11/03/2008

Legal form

Private company with limited liability

Registered office

Grensstraat 64
3940 Hechtel-Eksel · FlandreSee on map

Contributed capital

6 500,00 €

Latest accounts

30/09/2025

Activities (NACE)

43341Painting and glazing· main 43341Painting and glazing 43331Floor and wall covering 43331Floor and wall covering 43333Floor and wall covering 43333Floor and wall covering

Signals

ProfitableSolid equityPositive 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	34,2 k €	+41.0%	24,2 k €	+142%	10 k €	-14.8%	11,8 k €	+79.4%	6,6 k €	+103%	3,2 k €	+434%	-968,2 €	+78.5%	-4,5 k €	+65.7%	-13,1 k €	+7.9%	-14,2 k €	-613%	2,8 k €	+15.8%	2,4 k €	+24.6%	1,9 k €	-93.5%	29,6 k €	+110%	14,1 k €	+214%	4,5 k €	-17.2%	5,4 k €
EBITDA	33,9 k €	+43.6%	23,6 k €	+182%	8,4 k €	-26.4%	11,4 k €	+83.8%	6,2 k €	+109%	3 k €	+329%	-1,3 k €	+72.5%	-4,7 k €	+65.6%	-13,7 k €	+11.2%	-15,4 k €	-13356%	116,2 €	+314%	-54,2 €	-104%	1,3 k €	-95.6%	28,8 k €	+114%	13,5 k €	+254%	3,8 k €	-12.1%	4,3 k €
Operating result	24,7 k €	+61.7%	15,3 k €	+1114%	1,3 k €	-79.0%	6 k €	+1.9%	5,9 k €	+178%	2,1 k €	+160%	-3,6 k €	+56.5%	-8,2 k €	+52.3%	-17,2 k €	+9.2%	-18,9 k €	-374%	-4 k €	-116%	24,2 k €	+960%	-2,8 k €	-289%	1,5 k €	-75.3%	6,1 k €	+1252%	447,8 €	-17.7%	544,3 €
Net result	23,6 k €	+61.1%	14,7 k €	+2664%	530,3 €	-90.6%	5,6 k €	+26.8%	4,4 k €	+844%	470,2 €	+108%	-5,6 k €	+42.0%	-9,7 k €	+49.0%	-19,1 k €	+11.9%	-21,7 k €	-13.6%	-19,1 k €	-150%	37,8 k €	+1402%	-2,9 k €	-8730%	33,7 €	-99.1%	3,7 k €	+891%	369,9 €	-16.8%	444,9 €
Balance sheet
Equity	20 k €	+652%	-3,6 k €	+80.2%	-18,3 k €	+2.8%	-18,8 k €	+23.0%	-24,4 k €	+15.4%	-28,9 k €	+1.6%	-29,3 k €	-23.8%	-23,7 k €	-69.7%	-14 k €	-372%	5,1 k €	-80.8%	26,8 k €	-41.6%	45,9 k €	+466%	8,1 k €	-26.4%	11 k €	+0.3%	11 k €	+50.1%	7,3 k €	+5.3%	6,9 k €
Total assets	53,8 k €	+35.6%	39,7 k €	-7.8%	43 k €	+4.5%	41,2 k €	+190%	14,2 k €	+45.3%	9,8 k €	+26.8%	7,7 k €	-64.1%	21,4 k €	-33.9%	32,4 k €	-59.7%	80,5 k €	-10.9%	90,4 k €	-0.2%	90,6 k €	+56.7%	57,8 k €	+23.9%	46,7 k €	-31.6%	68,3 k €	+95.5%	34,9 k €	+19.0%	29,3 k €
Cash	–		–		–		–		–		4,5 k €	+491%	756,1 €		–		10,8 k €		–		–		8,2 k €	+15428%	52,7 €	-90.2%	539,1 €	-77.8%	2,4 k €		–		4,7 k €
Debts	33,8 k €	-21.9%	43,3 k €	-29.4%	61,3 k €	+2.2%	60 k €	+55.3%	38,6 k €	-0.0%	38,6 k €	+4.3%	37,1 k €	-17.9%	45,1 k €	-2.7%	46,4 k €	-38.4%	75,3 k €	+18.6%	63,5 k €	+42.3%	44,6 k €	-10.2%	49,7 k €	+39.9%	35,5 k €	-38.0%	57,3 k €	+107%	27,6 k €	+23.2%	22,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 2 ended

Active mandates

Linda Vanhout

Director

Active

Walter Boers

Director

Active

Ended mandates

LINDA VANHOUT

Manager

Ended

WALTER BOERS

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/03/2026	21/03/2025	27/03/2024	21/03/2023	21/03/2022	22/03/2021
General meeting	18/03/2026	18/03/2025	18/03/2024	18/03/2023	18/03/2022	18/03/2021
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	30/09/2025	18/03/2026	22/03/2026	Dutch	PDF
Micro model	30/09/2024	18/03/2025	21/03/2025	Dutch	PDF
Micro model	30/09/2023	18/03/2024	27/03/2024	Dutch	PDF
Micro model	30/09/2022	18/03/2023	21/03/2023	Dutch	PDF
Micro model	30/09/2021	18/03/2022	21/03/2022	Dutch	PDF
Micro model	30/09/2020	18/03/2021	22/03/2021	Dutch	PDF
Micro model	30/09/2019	18/03/2020	18/03/2020	Dutch	PDF
Micro model	30/09/2018	18/03/2019	21/03/2019	Dutch	PDF
Micro model	30/09/2017	19/03/2018	27/03/2018	Dutch	PDF
Abridged model	30/09/2016	18/03/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	18/03/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	18/03/2015	24/03/2015	Dutch	PDF
Abridged model	30/09/2013	18/03/2014	25/03/2014	Dutch	PDF
Abridged model	30/09/2012	18/03/2013	09/04/2013	Dutch	PDF
Abridged model	30/09/2011	19/03/2012	30/03/2012	Dutch	PDF
Abridged model	30/09/2010	18/03/2011	26/04/2011	Dutch	PDF
Abridged model	30/09/2009	18/03/2010	30/04/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025 · 2 active · 2 ended

Active mandates

Linda Vanhout

Director

Active

Walter Boers

Director

Active

Ended mandates

LINDA VANHOUT

Manager

Ended

WALTER BOERS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other13/03/2008
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 202523,6 k €↑
2024
Annual accounts 202414,7 k €↑
2023
Annual accounts 2023530,3 €↓
2022
Annual accounts 20225,6 k €↑
2021
Annual accounts 20214,4 k €↑
2020
Annual accounts 2020470,2 €↑
2019
Annual accounts 2019-5,6 k €↑
2018
Annual accounts 2018-9,7 k €↑
2017
Annual accounts 2017-19,1 k €↑
2016
Annual accounts 2016-21,7 k €↓
2015
Annual accounts 2015-19,1 k €↓
2014
Annual accounts 201437,8 k €↑
2013
Annual accounts 2013-2,9 k €↓
2012
Annual accounts 201233,7 €↓
2011
Annual accounts 20113,7 k €↑
2010
Annual accounts 2010369,9 €↓
2009
Annual accounts 2009444,9 €
11/03/2008
IncorporationPrivate company with limited liability

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-WHITE

Overview

What does BLACK-WHITE do?

Trend over 17 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