BLACK WOLF
ActiveSummary
The computed 12-month bankruptcy probability of BLACK WOLF is 1.6% (moderate). The 2025 annual accounts show equity of €20.27M and a net result of €240k. Equity is growing by ~30.1% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.15M at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.17 in 2024; short-term debt: 11.8% and cash: 1% of total assets), and 11.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
88.1%
Return on assets
1%
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 19-07-2026, 12 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
12 d early
2024
28 d early
2023
26 d early
2022
19 d early
2021
23 d early
2020
19 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€20.27M▲ 34.9%
2024 · €15.03M
Total assets
€22.99M▲ 17.4%
2024 · €19.58M
Net result
€240k▲ 362%
2024 · €52k
Working capital
€-2.11M▲ 44.0%
2024 · €-3.77M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-139k▼ 21.1%€-164k▼ 17.5%€-141k▲ 14.2%€-141k▼ 0.2%€-3k▲ 97.7%
Net result€-40k▲ 66.3%€38k€96k▲ 155%€52k▼ 46.0%€240k▲ 362%
Equity€7.34M▲ 155%€10.38M▲ 41.4%€11.98M▲ 15.4%€15.03M▲ 25.5%€20.27M▲ 34.9%
Total assets€8.84M▲ 105%€11.99M▲ 35.6%€14.20M▲ 18.4%€19.58M▲ 37.9%€22.99M▲ 17.4%
Debt€1.50M▲ 5.5%€1.61M▲ 7.5%€2.23M▲ 38.0%€4.55M▲ 105%€2.73M▼ 40.2%
Working capital€-1.40M▼ 35.5%€-1.24M▲ 11.4%€-2.03M▼ 63.7%€-3.77M▼ 86.0%€-2.11M▲ 44.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €141k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.99M
Fixed assets
€22.38M ▲ 19.1%
Current assets
€611k ▼ 22.0%
Equity and liabilities €22.99M
Equity
€20.27M ▲ 34.9%
Debt
€2.73M ▼ 40.2%
Debt's share of the balance-sheet total falls from 23.3% to 11.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-138k
Cash flow
€240k▲
2024 · €55k
Current ratio
0.22▲
2024 · 0.17
Debt to equity
0.13▼
2024 · 0.30
ROE
1.2%▲
2024 · 0.3%
ROA
1.0%▲
2024 · 0.3%
Interest coverage
-0.02▲
2024 · -0.71
Debt ≤ 1 year
€2.72M▼
2024 · €4.55M
Income taxes
€-669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €131 | ▼ 95.2% |
| Other operating charges640/8 | €111 | €262 | €115 | €126 | €128 | ▲ 1.6% |
| Gross operating margin9900 | €-137k | €-161k | €-138k | €-138k | €-3k | ▲ 97.9% |
| Operating profit (loss)9901 | €-139k | €-164k | €-141k | €-141k | €-3k | ▲ 97.7% |
| Financial income75/76B | €130k | €232k | €309k | €387k | €387k | = |
| Recurring financial income75 | €130k | €232k | €309k | €387k | €387k | = |
| Financial charges65/66B | €31k | €30k | €72k | €194k | €145k | ▼ 25.5% |
| Recurring financial charges65 | €31k | €30k | €72k | €194k | €145k | ▼ 25.5% |
| Profit (loss) for the period before taxes9903 | €-40k | €38k | €96k | €52k | €239k | ▲ 361% |
| Income taxes67/77 | - | - | - | - | €-669 | - |
| Profit (loss) for the period9904 | €-40k | €38k | €96k | €52k | €240k | ▲ 362% |
| Profit (loss) for the period to be appropriated9905 | €-40k | €38k | €96k | €52k | €240k | ▲ 362% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.84M | €11.99M | €14.20M | €19.58M | €22.99M | ▲ 17.4% |
| Formation expenses20 | €8k | €6k | €3k | €131 | - | - |
| Fixed assets21/28 | €8.73M | €11.61M | €14.00M | €18.80M | €22.38M | ▲ 19.1% |
| Financial fixed assets28 | €8.73M | €11.61M | €14.00M | €18.80M | €22.38M | ▲ 19.1% |
| Current assets29/58 | €102k | €375k | €198k | €783k | €611k | ▼ 22.0% |
| Amounts receivable after more than one year29 | €99k | €114k | €176k | €219k | €227k | ▲ 3.4% |
| Other amounts receivable291 | €99k | €114k | €176k | €219k | €227k | ▲ 3.4% |
| Amounts receivable within one year40/41 | - | - | - | €32k | €103k | ▲ 228% |
| Other amounts receivable41 | - | - | - | €32k | €103k | ▲ 228% |
| Cash at bank and in hand54/58 | €1k | €254k | €6k | €500k | €234k | ▼ 53.2% |
| Deferred charges and accrued income490/1 | €2k | €7k | €17k | €32k | €47k | ▲ 45.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.84M | €11.99M | €14.20M | €19.58M | €22.99M | ▲ 17.4% |
| Equity10/15 | €7.34M | €10.38M | €11.98M | €15.03M | €20.27M | ▲ 34.9% |
| Contributions10/11 | €7.50M | €10.50M | €12.00M | €15.00M | €20.00M | ▲ 33.3% |
| Profit (loss) carried forward14 | €-159k | €-121k | €-25k | €27k | €267k | ▲ 884% |
| Amounts payable17/49 | €1.50M | €1.61M | €2.23M | €4.55M | €2.73M | ▼ 40.2% |
| Amounts payable within one year42/48 | €1.50M | €1.61M | €2.23M | €4.55M | €2.72M | ▼ 40.3% |
| Financial debts43 | - | €1.35M | €1.85M | €1.75M | €2.00M | ▲ 14.3% |
| Credit institutions430/8 | - | €1.35M | €1.85M | €1.75M | €2.00M | ▲ 14.3% |
| Trade debts44 | €111 | €24k | €218 | €271 | €1k | ▲ 315% |
| Suppliers440/4 | €111 | €24k | €218 | €271 | €1k | ▲ 315% |
| Other amounts payable47/48 | €1.50M | €239k | €375k | €2.80M | €720k | ▼ 74.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-40k | €38k | €96k | €52k | €240k | ▲ 362% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €131 | ▼ 95.2% |
| Operating cash flow (approximation) | €-37k | €40k | €99k | €55k | €240k | ▲ 340% |
| Investment in fixed assets (approximation) | - | €-2.88M | €-2.39M | €-4.80M | €-3.58M | ▲ 25.3% |
| Change in cash | - | €252k | €-248k | €495k | €-266k | ▼ 154% |
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
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €240k ▲362%
Operating result €-3k, net result €240k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
31-12
Financial
Equity above €10MEq €10.38M ▲41.4%
Equity rises from €7.34M to €10.38M.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €5MEq €7.34M ▲155%
Equity rises from €2.88M to €7.34M.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Damme · 1 establishment unit since 2019
Ground area
946 m²
Building footprint
164 m²
Volume, LiDAR
797 m³
Parcel 31019A0447/02C002, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BLACK WOLF
since 20192.299.675.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A0447/02C002 | Flanders | 946 m² | 1 · 163 m² | 8.1 m · 1 fl. |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-2019
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.