Black Bull
Black Bull is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €21.61M and a net result of €-360k. Its solvency ranks better than 81% of 498 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €21.61M |
| Net result | €-360k |
| Better than sector | 81% |
| Active | 2 yrs |
This figure rests on 3 of 5 axes. Too few to say where this company is strong or weak.
Computed on 3 of 5 axes. Not measured: health, growth. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 80.5% | 43.2% | |
| Net result | €-360k | €68k | |
| Equity | €21.61M | €492k | |
| Gross operating margin | €-394k | €83k | |
| Total assets | €26.86M | €1.58M |
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-360k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €26.86M |
| Equity | €21.61M |
| Debt | €5.25M |
| of which ≤ 1y | €5.24M |
| of which > 1y | - |
| Working capital | n/a |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 80.5% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -1.3% |
| ROE | -1.7% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €26.86M |
| Fixed assets | 21/28 | €25.43M |
| Financial fixed assets | 28 | €25.43M |
| Current assets | 29/58 | €1.43M |
| Amounts receivable within one year | 40/41 | €536k |
| Cash & bank | 54/58 | €896k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €26.86M |
| Equity | 10/15 | €21.61M |
| Contributions / capital | 10/11 | €21.98M |
| Accumulated profits (losses) | 14 | €-360k |
| Amounts payable | 17/49 | €5.25M |
| Amounts payable within one year | 42/48 | €5.24M |
| Trade debts payable within one year | 44 | €35k |
| Income statement | ||
| Gross operating margin | 9900 | €-394k |
| Operating result | 9901 | €-394k |
| Financial income | 75 | €58k |
| Financial charges | 65 | €24k |
| Result before taxes | 9903 | €-360k |
| Net result for the period | 9904 | €-360k |
| Result to be appropriated | 9905 | €-360k |
-
Black BulletLegal entityDirector· perm. rep.: THEYS Anthony Dries JanState Gazette act 24428368 (13-09-2024)Current09-09-2024 → present
Former directors (1)
-
Next GearLegal entityDirector· perm. rep.: THEYS Anthony Dries JanState Gazette act 24428368 (13-09-2024)Former- → 09-09-2024
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Finvision Bedrijfsrevisoren AntwerpenCurrent Company auditor · represented by Karel NIJS |
- | 09-09-2024 → present |
| NACE primary | Financial services(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 03-06-2024 |
| Status | Active |
| Postal code | 8340 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A0447/02C002 | Flanders | 946 m² | 1 · 163 m² | 8.1 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-04-2026 Act object · Notarial deed · Correction · Reference act
- Filing: 2026-04-01 · Black Bull
- Publication: 2026-04-03 · Black Bull
- Act object: RECHTZETTING DIVERSEN · Black Bull
- Notarial deed: 2025-12-22 · Black Bull
- Correction: share_type: A, original_shares: 55205422, corrected_shares: 55205442 · Black Bull
- Reference act: date: 2026-01-05, number: 26300626 · Black Bull
Technical details
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"type": "filing",
"quote": "Neergelegd 01-04-2026",
"value": "2026-04-01",
"object": null,
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},
{
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 03/04/2026",
"value": "2026-04-03",
"object": null,
"subject": "e1"
},
{
"type": "act_object",
"quote": "Onderwerp akte : RECHTZETTING DIVERSEN",
"value": "RECHTZETTING DIVERSEN",
"object": null,
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},
{
"type": "notarial_deed",
"quote": "In een akte verleden voor Veronique HULPIAU, notaris ... op 22 december 2025",
"value": "2025-12-22",
"object": "e2",
"subject": "e1"
},
{
"type": "correction",
"quote": "werd bij materi\u00EBle vergissing in de akte en onder punt 6 van het uittreksel vermeld dat het beschikbaar eigen vermogen van de vennootschap werd verhoogd met een bedrag van VIJF MILJOEN TWEEHONDERDENVIJFDUIZEND VIERHONDERDTWEE\u00CBNTWINTIG EURO (\u20AC 5.205.422,00) door uitgifte van vijf miljoen tweehonderdenvijfduizend vierhonderdtwee\u00EBntwintig (55.205.422) nieuwe aandelen van soort A daar waar dit in werkelijkheid een verhoging van VIJF MILJOEN TWEEHONDERDENVIJFDUIZEND VIERHONDERDTWEE\u00CBNVEERTIG EURO (\u20AC 5.205.442,00) door uitgifte van vijf miljoen tweehonderdenvijfduizend vierhonderdtwee\u00EBnveertig (55.205.442) nieuwe aandelen van soort A moest zijn.",
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{
"type": "reference_act",
"quote": "bekendgemaakt in de bijlagen tot het Belgisch Staatsblad van 5 januari 2026 onder nummer 26300626",
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"date": "2026-01-05",
"number": "26300626"
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"entities": [
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"attrs": {
"firm": "Deckers notarissen",
"role": "Notaris",
"address": "Antwerpen (tweede kanton)",
"firm_rpr": "Antwerpen",
"firm_vat": "BE 0469.875.423",
"firm_address": "L\u00E9on Stynenstraat 75B, 2000 Antwerpen"
}
}
]
}05-01-2026 Capital increase of €22,097,440
- 2 kapitaalbewegingen in deze akte
Technical details
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"currency": "EUR",
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"evidence_quote": "tot verhoging van van het beschikbaar eigen vermogen van de vennootschap met een bedrag van TWEE\u00CBNTWINTIG MILJOEN ZEVENHONDERDZEVENENVEERTIGDUIZEND NEGENHONDERDACHTENTACHTIG EURO ZESTIG CENT (\u20AC 22.747.988,60) door uitgifte van twee\u00EBntwintig miljoen zevenennegentigduizend vierhonderdveertig (22.097.440) nieuwe aandelen van soort A",
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"evidence_quote": "tot verhoging van het beschikbaar eigen vermogen van de vennootschap met een bedrag van VIJF MILJOEN TWEEHONDERDENVIJFDUIZEND VIERHONDERDTWEE\u00CBNTWINTIG EURO (\u20AC 5.205.422,00) door uitgifte van vijf miljoen tweehonderd-envijfduizend vierhonderdtwee\u00EBntwintig (5.205.422) nieuwe aandelen van soort A",
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"name_full": "BLACK BULL",
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}09-10-2024 Capital increase of €49,546,880
- 2 kapitaalbewegingen in deze akte
Technical details
{
"events": [
{
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"amount": 49546880.0,
"currency": "EUR",
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"amount_type": "kapitaal_effectief",
"effective_date": "2024-09-30",
"evidence_quote": "tot verhoging van het beschikbaar eigen vermogen van de vennootschap met een bedrag van NEGENENVEERTIG MILJOEN VIJFHONDERDZEVENVEERTIGDUIZEND ACHTHONDERDTACHTIG EURO (\u20AC 49.546.880,00) door uitgifte van negenenveertig miljoen vijfhonderdzesenveertigduizend achthonderdtachtig (49.546.880) nieuwe aandelen... Op deze nieuwe aandelen werd ingeschreven door een inbreng in geld",
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{
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"effective_date": "2024-09-30",
"evidence_quote": "tot verhoging van het beschikbaar eigen vermogen van de vennootschap met een bedrag van ACHTTIEN MILJOEN VIERHONDERDDUIZEND EURO (\u20AC 18.400.000,00) door uitgifte van achttien miljoen vierhonderdduizend (18.400.000) nieuwe aandelen van soort A... deze werden volstort door een inbreng in natura",
"contribution_type": "in_kind"
}
],
"schema": "v3.2",
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"subject_company": {
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}
}13-09-2024 2 directors appointed, 1 resigning
- Karel NIJS, Commissaris
- THEYS Anthony Dries Jan, Bestuurder
- THEYS Anthony Dries Jan, Bestuurder
Technical details
{
"events": [
{
"kind": "commissaris_in",
"role": "commissaris",
"person": {
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"name": "Finvision Bedrijfsrevisoren Antwerpen",
"address": null,
"country": null,
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"effective_date": "2024-09-09",
"evidence_quote": "7. om de besloten vennootschap \u201CFinvision Bedrijfsrevisoren Antwerpen\u201D met zetel te 2600 Antwerpen, Potvlietlaan 4, en ondernemingsnummer 0807.879.653, als commissaris van de vennootschap te benoemen voor een termijn van 3 jaar. Finvision duidt als vaste vertegenwoordiger de heer Karel NIJS aan. Het"
},
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"via_org": {
"kbo": "0869565210",
"name": "NEXT GEAR",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2024-09-09",
"evidence_quote": "8. het ontslag te aanvaarden dat met ingang van 9 september 2024 werd aangeboden door de de besloten vennootschap \u201CNEXT GEAR\u201D, gevestigd te 8340 Damme, Vissersstraat 21 bus B, ingeschreven in het rechtspersonenregister Gent afdeling Brugge, onder nummer 0869.565.210, vast vertegenwoordigd door de he"
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"via_org": {
"kbo": "1010679226",
"name": "BLACK BULLET",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2024-09-09",
"evidence_quote": "Om vervolgens met ingang van 9 september 2024 tot nieuwe enige bestuurder te benoemen: de besloten vennootschap \u201CBLACK BULLET\u201D, gevestigd te 8340 Damme, Vissersstraat 21 bus B, ingeschreven in het rechtspersonenregister van Gent (afdeling Brugge) met ondernemingsnummer 1010.679.226, met als vaste ve"
}
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}
}05-06-2024 Incorporation of a new BV
Technical details
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"seat": "8340 Damme, Vissersstraat 21 bus B",
"schema": "v3.2",
"act_meta": {
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"founders": [
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"name": "NEXT GEAR"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": "0869.565.210",
"holder_org_name": "NEXT GEAR",
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 100,
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},
"initial_directors": [],
"incorporation_date": "2024-05-31",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Black Bull |