BLACKBREAD
ActiveSummary
BLACKBREAD has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,570 and a net result of €38,569. Equity is growing by ~42.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 1537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+12
Solvency100▲+7
Growth52=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.07 against 2.97 in 2024; short-term debt: 23.8% and cash: 30.6% of total assets), and 23.8% 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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% 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
76.2%
Return on assets
29.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
30 d late
2024
56 d late
2023
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€100,570▲ 62.2%
2024 · €62,001
Total assets
€131,972▲ 45.3%
2024 · €90,808
Net result
€38,569▲ 181%
2024 · €13,709
Working capital
€96,335▲ 70.1%
2024 · €56,628
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
Line202320242025
Operating result€54,711-€18,069▼ 67.0%€49,192▲ 172%
Net result€43,293-€13,709▼ 68.3%€38,569▲ 181%
Equity€48,293-€62,001▲ 28.4%€100,570▲ 62.2%
Total assets€84,232-€90,808▲ 7.8%€131,972▲ 45.3%
Debt€35,939-€28,806▼ 19.8%€31,402▲ 9.0%
Working capital€48,043-€56,628▲ 17.9%€96,335▲ 70.1%
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 172% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131,972
Fixed assets
€4,235 ▼ 21.2%
Current assets
€127,737 ▲ 49.5%
Equity and liabilities €131,972
Equity
€100,570 ▲ 62.2%
Debt
€31,402 ▲ 9.0%
Debt's share of the balance-sheet total falls from 31.7% to 23.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,331▲
2024 · €18,638
Cash flow
€39,707▲
2024 · €14,278
Current ratio
4.07▲
2024 · 2.97
Debt to equity
0.31▼
2024 · 0.46
ROE
38.4%▲
2024 · 22.1%
ROA
29.2%▲
2024 · 15.1%
Interest coverage
168.87▼
2024 · 168.99
Debt ≤ 1 year
€31,402▲
2024 · €28,806
Income taxes
€10,378▲
2024 · €4,356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €569 | €1,139 | ▲ 100.0% |
| Other operating charges640/8 | €1,634 | €1,180 | €1,503 | ▲ 27.3% |
| Gross operating margin9900 | €56,345 | €19,818 | €51,834 | ▲ 162% |
| Operating profit (loss)9901 | €54,711 | €18,069 | €49,192 | ▲ 172% |
| Financial income75/76B | €805 | €106 | €52 | ▼ 50.7% |
| Recurring financial income75 | €805 | €106 | €52 | ▼ 50.7% |
| Financial charges65/66B | €127 | €110 | €298 | ▲ 170% |
| Recurring financial charges65 | €127 | €110 | €298 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €55,389 | €18,064 | €48,947 | ▲ 171% |
| Income taxes67/77 | €12,097 | €4,356 | €10,378 | ▲ 138% |
| Profit (loss) for the period9904 | €43,293 | €13,709 | €38,569 | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | €43,293 | €13,709 | €38,569 | ▲ 181% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €84,232 | €90,808 | €131,972 | ▲ 45.3% |
| Fixed assets21/28 | €250 | €5,374 | €4,235 | ▼ 21.2% |
| Tangible fixed assets22/27 | - | €5,124 | €3,985 | ▼ 22.2% |
| Furniture and vehicles24 | - | €5,124 | €3,985 | ▼ 22.2% |
| Financial fixed assets28 | €250 | €250 | €250 | = |
| Current assets29/58 | €83,982 | €85,434 | €127,737 | ▲ 49.5% |
| Amounts receivable after more than one year29 | €58,000 | €80,000 | €80,000 | = |
| Other amounts receivable291 | €58,000 | €80,000 | €80,000 | = |
| Amounts receivable within one year40/41 | - | €537 | €6,215 | ▲ 1,057% |
| Trade receivables40 | - | €537 | €1,452 | ▲ 170% |
| Other amounts receivable41 | - | - | €4,763 | - |
| Cash at bank and in hand54/58 | €24,890 | €3,805 | €40,430 | ▲ 963% |
| Deferred charges and accrued income490/1 | €1,092 | €1,092 | €1,092 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €84,232 | €90,808 | €131,972 | ▲ 45.3% |
| Equity10/15 | €48,293 | €62,001 | €100,570 | ▲ 62.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €43,250 | €57,000 | €95,500 | ▲ 67.5% |
| Distributable reserves133 | €43,250 | €57,000 | €95,500 | ▲ 67.5% |
| Profit (loss) carried forward14 | €43 | €1 | €70 | ▲ 5,156% |
| Amounts payable17/49 | €35,939 | €28,806 | €31,402 | ▲ 9.0% |
| Amounts payable within one year42/48 | €35,939 | €28,806 | €31,402 | ▲ 9.0% |
| Financial debts43 | - | €155 | €201 | ▲ 29.8% |
| Credit institutions430/8 | - | €155 | €201 | ▲ 29.8% |
| Trade debts44 | €1,200 | €4,259 | €4,047 | ▼ 5.0% |
| Suppliers440/4 | €1,200 | €4,259 | €4,047 | ▼ 5.0% |
| Taxes, remuneration and social security45 | €33,970 | €19,104 | €27,154 | ▲ 42.1% |
| Taxes450/3 | €33,970 | €19,104 | €27,154 | ▲ 42.1% |
| Other amounts payable47/48 | €769 | €5,287 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,293 | €13,709 | €38,569 | ▲ 181% |
| + Depreciation and write-downs630 | - | €569 | €1,139 | ▲ 100.0% |
| Operating cash flow (approximation) | €43,293 | €14,278 | €39,707 | ▲ 178% |
| Investment in fixed assets (approximation) | - | -€5,693 | €0 | ▲ 100% |
| Change in cash | - | -€21,085 | €36,625 | ▲ 274% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Equity above €100,000Eq €100,570 ▲62.2%
3 profitable years in a row build equity to €100,570.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet €13,709 ▼68.3%
Net result drops to €13,709, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2022
Ground area
576 m²
Building footprint
129 m²
Volume, LiDAR
888 m³
Parcel 46446B0288/00P002, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BLACKBREAD
since 20222.338.411.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B0288/00P002 | Flanders | 576 m² | 1 · 129 m² | 11.0 m · 3 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.
Similar companies · same sector, comparable size
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Gerben Steyaert Productions
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Gent · Eq €99,252
Of 1,319 companies in sector 59111 we hold annual accounts for 687. 502 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
Founded25-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.