BLACKBOX (0447.484.259): financials and annual accounts

BLACKBOX

Ixelles ·KBO/BCE: BE 0447.484.259

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	2.2m	2.3m	2.2m	2.2m	1.5m	1.2m	1.2m	1.2m	1.2m	705,658	724,988	472,587	468,253	442,016	411,338	159,689	147,119	156,657	153,336	164,861
Fixed assets`21/28`	1.1m	1.2m	846,519	867,652	878,336	595,325	645,175	657,232	707,284	269,602	293,337	359,439	390,947	398,967	367,253	130,889	142,123	150,801	152,284	161,155
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	182	363	545	726	-	-	-
Tangible fixed assets`22/27`	1.1m	1.1m	803,394	824,527	835,211	552,200	602,050	610,357	660,409	269,602	293,337	359,439	390,947	398,785	366,890	130,344	141,397	150,776	152,260	161,131
Land and buildings`22`	1.0m	1.1m	753,533	785,171	828,022	536,467	580,385	585,302	628,275	269,333	292,201	356,347	387,113	393,339	364,374	125,647	134,517	143,389	152,260	161,131
Plant, machinery and equipment`23`	57,265	65,565	34,861	39,357	7,189	7,733	5,666	1,054	134	268	1,136	3,092	3,834	5,446	1,669	3,004	4,338	4,000	-	-
Furniture and vehicles`24`	-	-	-	-	-	8,000	16,000	24,000	32,000	-	-	-	-	-	847	1,694	2,541	3,388	-	-
Assets under construction and advance payments`27`	-	-	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	43,125	43,125	43,125	43,125	43,125	43,125	43,125	46,875	46,875	-	-	-	-	-	-	-	-	25	25	25
Current assets`29/58`	1.1m	1.2m	1.3m	1.3m	617,910	574,974	534,413	510,046	488,460	436,056	431,651	113,147	77,307	43,050	44,086	28,801	4,996	5,856	1,052	3,705
Amounts receivable after more than one year`29`	-	-	60,556	74,741	23,400	31,200	39,000	46,800	54,600	62,400	70,200	-	-	-	-	-	-	-	-	-
Trade receivables`290`	-	-	52,756	59,141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	7,800	15,600	23,400	31,200	39,000	46,800	54,600	62,400	70,200	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	1.1m	1.2m	1.2m	1.1m	589,046	527,655	493,063	456,276	407,702	311,503	167,869	111,910	74,556	38,354	22,180	9,090	1,478	1,383	1,052	1,052
Trade receivables`40`	8,109	1,100	27,304	-	490	3,219	447	-	-	-	-	7,480	-	-	-	-	-	-	-	-
Other amounts receivable`41`	1.1m	1.2m	1.1m	1.1m	588,556	524,436	492,615	456,276	407,702	311,503	167,869	104,430	74,556	38,354	22,180	9,090	1,478	1,383	1,052	1,052
Cash at bank and in hand`54/58`	4,091	10,439	89,966	127,485	2,143	14,019	209	4,724	23,947	60,851	192,205	-	1,558	3,564	21,037	19,033	2,843	2,647	-	2,654
Deferred charges and accrued income`490/1`	-	515	1,453	2,063	3,321	2,101	2,141	2,246	2,211	1,302	1,378	1,237	1,193	1,131	869	678	676	1,826	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.2m	2.3m	2.2m	2.2m	1.5m	1.2m	1.2m	1.2m	1.2m	705,658	724,988	472,587	468,253	442,016	411,338	159,689	147,119	156,657	153,336	164,861
Equity`10/15`	924,255	928,244	937,575	923,957	427,803	435,570	418,644	407,853	402,130	298,761	290,508	75,413	92,576	79,089	102,610	108,305	101,711	94,698	85,103	68,136
Contributions`10/11`	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	71,021	71,021
Issued capital`100`	-	-	-	-	-	-	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	70,650	71,021	71,021
Reserves`13`	767,988	785,843	803,699	808,497	322,709	335,726	326,843	338,155	349,093	212,423	212,010	4,227	3,335	2,661	2,661	2,661	2,331	1,981	1,482	634
Non-distributable reserves`130/1`	-	-	-	5,025	5,025	5,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	5,025	5,025	5,025	5,025	4,612	4,227	3,335	2,661	2,661	2,661	2,331	1,981	1,482	634
Reserves not available under the articles`1311`	-	-	-	5,025	5,025	5,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	762,963	780,819	798,674	803,472	317,684	330,701	321,818	333,130	344,068	207,398	207,398	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	5,025	5,025	5,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	85,618	71,751	63,227	44,810	34,445	29,194	21,152	-951	-17,613	15,689	7,848	536	18,591	5,779	29,299	34,994	28,730	22,068	12,599	-3,520
Provisions and deferred taxes`16`	254,321	260,273	266,225	267,824	105,895	110,234	135,180	139,932	144,526	106,794	106,794	-	-	-	-	-	-	-	-	-
Deferred taxes`168`	254,321	260,273	266,225	267,824	105,895	110,234	135,180	139,932	144,526	106,794	106,794	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	1.1m	1.2m	960,948	1.0m	962,548	624,496	625,764	619,493	649,088	300,103	327,687	397,174	375,677	362,927	308,728	51,385	45,407	61,959	68,233	96,725
Amounts payable after more than one year`17`	821,359	891,547	715,976	773,927	800,450	506,816	522,242	560,313	597,365	265,844	282,601	317,864	344,812	330,241	286,956	40,791	23,928	16,585	1,360	12,132
Financial debts`170/4`	821,359	891,547	715,976	773,927	800,450	506,816	522,242	560,313	597,365	265,844	282,601	298,864	314,812	300,241	256,956	10,791	13,928	16,585	1,360	12,132
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	-	-	-	19,000	30,000	30,000	30,000	30,000	10,000	-	-	-
Amounts payable within one year`42/48`	225,969	248,979	233,005	225,851	159,441	111,017	95,717	48,791	43,029	29,932	44,372	77,330	28,501	28,516	20,272	9,365	21,465	45,374	66,873	84,593
Current portion of amounts payable after more than one year`42`	75,999	74,942	57,951	56,522	55,111	33,177	38,071	37,051	36,816	16,757	16,264	15,787	13,329	13,815	14,636	3,137	2,937	2,750	10,772	22,271
Financial debts`43`	-	-	-	-	5,176	-	-	-	-	-	-	714	-	-	3,001	3,000	-	-	2,306	-
Credit institutions`430/8`	-	-	-	-	5,176	-	-	-	-	-	-	714	-	-	3,001	3,000	-	-	2,306	-
Trade debts`44`	21,449	7,149	19,460	18,660	24,226	29,058	16,526	11,036	5,467	5,753	9,105	18,046	7,172	8,701	2,635	1,797	3,295	1,379	1,732	8,689
Suppliers`440/4`	21,449	7,149	19,460	18,660	24,226	29,058	16,526	11,036	5,467	5,753	9,105	18,046	7,172	8,701	2,635	1,797	3,295	1,379	1,732	8,689
Taxes, remuneration and social security`45`	13,463	11,011	12,468	5,764	6,803	3,425	575	-	42	2,944	805	406	-	-	-	1,431	5,106	11,780	8,021	6,264
Taxes`450/3`	13,463	11,011	12,468	5,764	6,803	3,425	575	-	42	2,944	805	406	-	-	-	1,431	5,106	11,780	8,021	6,264
Other amounts payable`47/48`	115,058	155,877	143,126	144,905	68,124	45,357	40,545	704	704	4,478	18,199	42,377	8,000	6,000	-	-	10,127	29,465	44,042	47,369
Accrued charges and deferred income`492/3`	10,762	10,762	11,966	8,584	2,657	6,662	7,805	10,388	8,694	4,327	714	1,980	2,364	4,170	1,500	1,228	14	-	-	-
Income statement
Non-recurring operating income`76A`	1,859	-	-	701,332	-	-	3,750	-	197,741	-	327,634	-	-	-	-	-	-	2,265	-	-
Gross operating margin`9900`	80,683	65,213	68,489	721,985	79,852	62,500	75,978	59,487	217,826	38,264	33,616	67,150	65,944	28,125	27,932	26,067	26,891	32,671	38,497	37,163
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	54,589	50,927	36,133	36,155	64,090	52,838	60,286	51,224	70,685	23,736	23,736	33,178	33,460	32,763	26,245	11,234	11,234	10,718	8,871	12,830
Other operating charges`640/8`	9,640	9,629	8,719	16,721	12,558	8,793	5,076	5,278	8,232	5,122	8,288	5,080	4,696	4,818	3,456	3,386	3,374	3,362	3,362	3,363
Non-recurring operating charges`66A`	4,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,259	-	-	-	810
Operating profit (loss)`9901`	11,743	4,657	23,637	669,110	3,204	868	10,615	2,985	138,910	9,406	1,592	28,892	27,788	-9,456	-1,769	11,448	12,283	18,591	26,264	20,970
Financial income`75/76B`	19,549	23,471	19,513	18,217	10,761	9,824	12,899	15,964	13,484	9,341	4,943	4,345	2,364	1,557	422	255	8	12	13	6
Recurring financial income`75`	19,549	23,471	19,513	18,217	10,761	9,824	9,149	15,964	13,484	9,341	4,943	4,345	2,364	1,557	422	255	8	12	13	6
Non-recurring financial income`76B`	-	-	-	-	-	-	3,750	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	35,953	41,137	24,426	25,465	24,083	15,864	16,900	17,821	11,330	8,389	11,529	15,401	16,666	15,622	4,388	2,598	3,726	7,141	1,568	2,979
Recurring financial charges`65`	35,953	41,137	24,426	25,465	24,083	15,864	16,900	17,821	11,330	8,389	11,529	15,401	16,666	15,622	4,388	2,598	3,726	7,141	1,568	2,979
Profit (loss) for the period before taxes`9903`	-4,661	-13,010	18,724	661,861	-10,118	-5,171	6,615	1,129	141,064	10,358	322,640	17,837	13,487	-23,521	-5,735	7,845	8,565	13,727	24,709	17,188
Transfer from deferred taxes`780`	5,952	5,952	1,599	5,455	4,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to deferred taxes`680`	-	-	-	167,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	5,279	2,274	6,704	3,778	1,988	2,850	575	-	-37	2,105	751	-	-	-	-40	1,252	1,552	3,760	7,742	6,142
Profit (loss) for the period`9904`	-3,988	-9,332	13,619	496,154	-7,767	-4,005	10,791	5,724	89,513	8,253	215,095	17,837	13,487	-23,521	-5,695	6,593	7,013	9,967	16,967	11,046
Transfer from tax-exempt reserves`789`	17,856	17,856	4,798	16,364	13,017	12,047	11,312	10,939	10,939	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	502,153	-	-	-	-	133,753	-	207,398	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	13,868	8,524	18,417	10,365	5,251	8,042	22,103	16,662	-33,302	8,253	7,697	17,837	13,487	-23,521	-5,695	6,593	7,013	9,967	16,967	11,046
Appropriation of the result
Profit (loss) to be appropriated`9906`	85,618	71,751	63,227	44,810	34,445	29,194	21,152	-951	-17,613	16,101	8,233	36,428	19,265	5,779	29,299	35,324	29,081	22,566	13,447	-2,967
Profit (loss) brought forward from the previous period`14P`	71,751	63,227	44,810	34,445	29,194	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	413	385	892	674	-	-	330	351	498	848	552
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	413	385	892	674	-	-	330	351	498	848	552
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	35,000	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	35,000	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	30-09-2026	2026-00541342	PDF
31-12-2024	full format	26-09-2025	2025-00506087	PDF
31-12-2023	full format	10-02-2025	2025-00031678	PDF
31-12-2022	full format	18-12-2023	2023-00529584	PDF
31-12-2021	full format	31-08-2022	2022-20396659	PDF
31-12-2020	full format	31-08-2021	2021-63600241	PDF
31-12-2019	full format	30-12-2020	2020-77500341	PDF
31-12-2018	full format	31-10-2019	2019-72600038	PDF
31-12-2017	full format	31-10-2018	2018-71100209	PDF
31-12-2016	full format	31-08-2017	2017-54800149	PDF
31-12-2015	full format	30-08-2016	2016-50900483	PDF
31-12-2014	full format	28-08-2015	2015-52300377	PDF
31-12-2013	full format	30-07-2014	2014-37300301	PDF
31-12-2012	full format	26-07-2013	2013-35200271	PDF
31-12-2011	full format	30-07-2012	2012-36200495	PDF
31-12-2010	full format	11-07-2011	2011-27700472	PDF
31-12-2009	full format	28-07-2010	2010-36900107	PDF
31-12-2008	full format	30-07-2009	2009-52200285	PDF
31-12-2007	full format	30-07-2008	2008-52400086	PDF
31-12-2006	full format	18-06-2007	2007-24000305	PDF
31-12-2005	full format	25-07-2006	2006-53302644	PDF
31-12-2004	full format	13-07-2005	2005-49104009	PDF
31-12-2003	full format	19-07-2004	2004-48704861	PDF
31-12-2002	full format	09-07-2003	2003-43204786	PDF
31-12-2001	full format	29-07-2002	2002-44202102	PDF
31-12-2000	full format	27-12-2001	2001-79104807	PDF
31-12-1999	full format	12-01-2001	2001-01105193	PDF
31-12-1998	full format	31-03-2000	2000-08201868	PDF
31-12-1996	full format	14-07-1998	1998-32601210	PDF
31-12-1995	full format	03-07-1998	1998-30203692	PDF
31-12-1994	full format	03-07-1998	1998-28705158	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	66,331	55,584	59,770	705,265	67,294	53,706	70,901	54,209	209,595	33,142	25,328	62,070	61,248	23,307	24,476	22,682	23,517	29,309	35,135	33,800
Cash flow	50,601	41,596	49,752	532,308	56,323	48,833	71,077	56,947	160,197	31,989	238,831	51,015	46,947	9,242	20,550	17,827	18,247	20,685	25,838	23,875
Investment in fixed assets (approximation)	0	394,561	15,000	39,139	347,101	2,987	51,980	1,171	523,626	0	-42,366	1,671	25,440	64,477	262,609	0	2,581	9,234	0	3,384
Change in cash	-6,348	-79,526	-37,519	125,342	-11,876	13,810	-4,515	-19,223	-36,904	-131,354	-	-	-2,007	-17,473	2,005	16,190	196	-	-	-
Working capital	890,133	915,672	1.1m	1.1m	458,468	463,957	438,696	461,255	445,431	406,124	387,279	35,817	48,806	14,533	23,814	19,436	-16,468	-39,517	-65,822	-80,888
Solvency	41.3%	39.7%	43.3%	42.0%	28.6%	37.2%	35.5%	34.9%	33.6%	42.3%	40.1%	16.0%	19.8%	17.9%	24.9%	67.8%	69.1%	60.4%	55.5%	41.3%
Current ratio	4.94	4.68	5.66	5.90	3.88	5.18	5.58	10.45	11.35	14.57	9.73	1.46	2.71	1.51	2.17	3.08	0.23	0.13	0.02	0.04
Debt to equity	1.14	1.24	1.02	1.09	2.25	1.43	1.49	1.52	1.61	1.00	1.13	5.27	4.06	4.59	3.01	0.47	0.45	0.65	0.80	1.42
ROE	-0.4%	-1.0%	1.5%	53.7%	-1.8%	-0.9%	2.6%	1.4%	22.3%	2.8%	74.0%	23.7%	14.6%	-29.7%	-5.5%	6.1%	6.9%	10.5%	19.9%	16.2%
ROA	-0.2%	-0.4%	0.6%	22.6%	-0.5%	-0.3%	0.9%	0.5%	7.5%	1.2%	29.7%	3.8%	2.9%	-5.3%	-1.4%	4.1%	4.8%	6.4%	11.1%	6.7%
Interest coverage	1.84	1.35	2.45	27.70	2.79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	-	-	-	€830,450	€855,561
Mortgages, amount registered	-	-	-	€841,000	€841,000
Carrying value of the mortgaged assets	-	-	-	€824,527	€835,211

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€394,561	€15,000	€39,139	€347,101
Depreciation and write-downs of the year	€54,589	€50,927	€36,133	€36,155	€64,090

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

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Investments

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