BLACK LAB
ActiveSummary
BLACK LAB has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,818 and a net result of €9,897. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 59% of 3521 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+28
Solvency85▼-15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 3.79 in 2024; short-term debt: 40.1% and cash: 34.4% of total assets), and 40.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.9%
Return on assets
11.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
3 d early
2023
on the day
2022
1 d late
2021
48 d early
2020
26 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€52,818▲ 23.1%
2024 · €42,921
Total assets
€88,213▲ 62.6%
2024 · €54,239
Net result
€9,897▲ 908%
2024 · €982
Working capital
€33,181▲ 5.0%
2024 · €31,606
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,732▲ 20.2%€15,044▲ 451%€5,883▼ 60.9%€2,303▼ 60.9%€16,542▲ 618%
Net result€75within the sector's middle half▲ 48.1%€8,821within the sector's middle half▲ 11,628%€5,003within the sector's middle half▼ 43.3%€982within the sector's middle half▼ 80.4%€9,897within the sector's middle half▲ 908%
Equity€28,116within the sector's middle half▲ 79.8%€36,937within the sector's middle half▲ 31.4%€41,939within the sector's middle half▲ 13.5%€42,921within the sector's middle half▲ 2.3%€52,818within the sector's middle half▲ 23.1%
Total assets€96,667within the sector's middle half▲ 60.1%€104,988within the sector's middle half▲ 8.6%€76,737within the sector's middle half▼ 26.9%€54,239within the sector's middle half▼ 29.3%€88,213within the sector's middle half▲ 62.6%
Debt€68,551▲ 53.3%€68,051▼ 0.7%€34,797▼ 48.9%€11,318▼ 67.5%€35,395▲ 213%
Working capital€17,736within the sector's middle half▲ 149%€32,358within the sector's middle half▲ 82.4%€34,247within the sector's middle half▲ 5.8%€31,606within the sector's middle half▼ 7.7%€33,181within the sector's middle half▲ 5.0%
Solvency29.1%within the sector's middle half▲ 3.2pp35.2%within the sector's middle half▲ 6.1pp54.7%within the sector's middle half▲ 19.5pp79.1%above the sector's middle half▲ 24.5pp59.9%within the sector's middle half▼ 19.3pp
Current ratio1.29within the sector's middle half▲ 0.041.48within the sector's middle half▲ 0.181.98within the sector's middle half▲ 0.513.79within the sector's middle half▲ 1.811.94within the sector's middle half▼ 1.86
Return on assets (ROA)0.1%within the sector's middle half=8.4%within the sector's middle half▲ 8.3pp6.5%within the sector's middle half▼ 1.9pp1.8%within the sector's middle half▼ 4.7pp11.2%within the sector's middle half▲ 9.4pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 618% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,213
Fixed assets
€19,637 ▲ 73.5%
Current assets
€68,576 ▲ 59.8%
Equity and liabilities €88,213
Equity
€52,818 ▲ 23.1%
Debt
€35,395 ▲ 213%
Debt's share of the balance-sheet total rises from 20.9% to 40.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,529▲
2024 · €5,227
Cash flow
€14,884▲
2024 · €3,906
Debt to equity
0.67▲
2024 · 0.26
ROE
18.7%▲
2024 · 2.3%
Interest coverage
20.07▲
2024 · 4.09
Debt ≤ 1 year
€35,395▲
2024 · €11,318
Income taxes
€5,573▲
2024 · €42
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,219 | €13,489 | €2,452 | €2,924 | €4,987 | ▲ 70.5% |
| Other operating charges640/8 | €812 | €495 | €1,423 | €1,566 | €1,145 | ▼ 26.8% |
| Gross operating margin9900 | €17,762 | €29,028 | €9,758 | €6,793 | €22,675 | ▲ 234% |
| Operating profit (loss)9901 | €2,732 | €15,044 | €5,883 | €2,303 | €16,542 | ▲ 618% |
| Financial income75/76B | €7 | €0 | - | - | - | - |
| Recurring financial income75 | €7 | €0 | - | - | - | - |
| Financial charges65/66B | €2,579 | €2,177 | €1,575 | €1,278 | €1,073 | ▼ 16.1% |
| Recurring financial charges65 | €2,579 | €2,177 | €1,575 | €1,278 | €1,073 | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €160 | €12,867 | €4,308 | €1,024 | €15,470 | ▲ 1,410% |
| Income taxes67/77 | €85 | €4,046 | -€695 | €42 | €5,573 | ▲ 13,113% |
| Profit (loss) for the period9904 | €75 | €8,821 | €5,003 | €982 | €9,897 | ▲ 908% |
| Profit (loss) for the period to be appropriated9905 | €75 | €8,821 | €5,003 | €982 | €9,897 | ▲ 908% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,667 | €104,988 | €76,737 | €54,239 | €88,213 | ▲ 62.6% |
| Fixed assets21/28 | €18,068 | €4,579 | €7,692 | €11,315 | €19,637 | ▲ 73.5% |
| Intangible fixed assets21 | €50 | €40 | €30 | €20 | €10 | ▼ 50.0% |
| Tangible fixed assets22/27 | €17,937 | €4,458 | €7,581 | €11,214 | €19,156 | ▲ 70.8% |
| Plant, machinery and equipment23 | €2,815 | €1,324 | €1,065 | €1,612 | €721 | ▼ 55.3% |
| Furniture and vehicles24 | €15,122 | €3,134 | €2,115 | €5,651 | €14,933 | ▲ 164% |
| Other tangible fixed assets26 | - | - | €4,401 | €3,952 | €3,502 | ▼ 11.4% |
| Financial fixed assets28 | €81 | €81 | €81 | €81 | €471 | ▲ 480% |
| Current assets29/58 | €78,599 | €100,409 | €69,045 | €42,924 | €68,576 | ▲ 59.8% |
| Amounts receivable within one year40/41 | €51,444 | €94,200 | €58,753 | €32,172 | €38,262 | ▲ 18.9% |
| Trade receivables40 | €51,444 | €94,200 | €58,753 | €32,172 | €38,262 | ▲ 18.9% |
| Cash at bank and in hand54/58 | €26,383 | €5,009 | €8,945 | €9,800 | €30,314 | ▲ 209% |
| Deferred charges and accrued income490/1 | €771 | €1,200 | €1,347 | €951 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,667 | €104,988 | €76,737 | €54,239 | €88,213 | ▲ 62.6% |
| Equity10/15 | €28,116 | €36,937 | €41,939 | €42,921 | €52,818 | ▲ 23.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €18,337 | €23,339 | €24,321 | €24,321 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €16,477 | €21,479 | €22,461 | €22,461 | = |
| Profit (loss) carried forward14 | €7,656 | - | - | - | €9,897 | - |
| Amounts payable17/49 | €68,551 | €68,051 | €34,797 | €11,318 | €35,395 | ▲ 213% |
| Amounts payable after more than one year17 | €7,689 | - | - | - | - | - |
| Financial debts170/4 | €7,689 | - | - | - | - | - |
| Amounts payable within one year42/48 | €60,862 | €68,051 | €34,797 | €11,318 | €35,395 | ▲ 213% |
| Current portion of amounts payable after more than one year42 | €8,997 | €7,689 | - | - | €2,365 | - |
| Trade debts44 | €11,391 | €8,927 | €10,317 | €5,706 | €8,862 | ▲ 55.3% |
| Suppliers440/4 | €11,391 | €8,927 | €10,317 | €5,706 | €8,862 | ▲ 55.3% |
| Taxes, remuneration and social security45 | €14,398 | €18,807 | €9,752 | €4,772 | €17,073 | ▲ 258% |
| Taxes450/3 | €14,398 | €18,807 | €9,752 | €4,772 | €17,073 | ▲ 258% |
| Other amounts payable47/48 | €26,076 | €32,628 | €14,729 | €840 | €7,095 | ▲ 745% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75 | €8,821 | €5,003 | €982 | €9,897 | ▲ 908% |
| + Depreciation and write-downs630 | €14,219 | €13,489 | €2,452 | €2,924 | €4,987 | ▲ 70.5% |
| Operating cash flow (approximation) | €14,294 | €22,310 | €7,454 | €3,906 | €14,884 | ▲ 281% |
| Investment in fixed assets (approximation) | - | €0 | -€5,565 | -€6,548 | -€13,308 | ▼ 103% |
| Change in cash | - | -€21,374 | €3,936 | €855 | €20,514 | ▲ 2,298% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €9,897 ▲908%
Operating result €16,542, net result €9,897, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €51
Net result €51 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet -€15,479
Net result drops to -€15,479, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Seneffe · 1 establishment unit since 2016
Ground area
1,465 m²
Building footprint
144 m²
Parcel 52063C0083/00P002, Wallonia. Linked by address, not a title deed.
1 establishment unit
BLACK LAB
since 20162.252.693.851
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52063C0083/00P002 | Wallonia | 1,465 m² | 1 · 144 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 14,138 companies in sector 74201 we hold annual accounts for 2,616. 2,082 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
58190Other publishing activities, excluding software publishing
74120Graphic design and visual communication
Contact
E-mail
info@blacklab.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0651969959
Also
9925:BE0651969959
Registered
03-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.