BLACKFISK
BLACKFISK has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-8k. Equity is shrinking by ~40% per year across the filed fiscal years. Its solvency ranks better than 15% of 2197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
| Equity | €14k |
| Net result | €-8k |
| Staff (FTE) | 2.6 |
| Better than sector | 15% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.4% | 41.3% | |
| Net result | €-8k | €22k | |
| Equity | €14k | €215k | |
| Gross operating margin | €163k | €85k | |
| Staff costs | €102k | €143k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €60k | €-62k | €66k | €67k | €67k |
| Net profit | €-8k | €-140k | €27k | €32k | €36k |
| Cash flow | €50k | €-80k | €63k | €54k | €55k |
| Staff costs | €102k | €118k | €150k | €213k | €106k |
| Income taxes | - | - | €4k | €12k | €9k |
| Dividends | - | - | - | - | €0 |
| Total assets | €565k | €545k | €716k | €418k | €354k |
| Equity | €14k | €21k | €161k | €134k | €102k |
| Debt | €551k | €524k | €555k | €284k | €252k |
| of which ≤ 1y | €354k | €288k | €304k | €245k | €200k |
| of which > 1y | €197k | €236k | €251k | €38k | €52k |
| Working capital | €-169k | €-173k | €48k | €38k | €22k |
| Employees (FTE) | 2.6 | 2.7 | 6.0 | 4.8 | 1.2 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.52 | 0.40 | 1.16 | 1.15 | 1.11 |
| Quick ratio | 0.48 | 0.36 | 1.06 | 1.06 | 1.11 |
| Working capital ratio | -29.9% | -31.8% | 6.8% | 9.1% | 6.3% |
| Solvency | 2.4% | 3.9% | 22.5% | 32.0% | 28.7% |
| Debt / equity | 40.55 | 24.48 | 3.44 | 2.12 | 2.48 |
| Long-term debt ratio | 14.49 | 11.03 | 1.56 | 0.28 | 0.51 |
| Interest coverage | 6.01 | -3.22 | 30.09 | 24.21 | 26.36 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -1.4% | -25.6% | 3.8% | 7.7% | 10.3% |
| ROE | -57.4% | -652.7% | 16.9% | 23.9% | 35.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €565k | €545k | €716k | €418k | €354k |
| Fixed assets | 21/28 | €379k | €431k | €364k | €135k | €131k |
| Intangible fixed assets | 21 | - | - | - | €0 | €2k |
| Tangible fixed assets | 22/27 | €379k | €430k | €363k | €134k | €130k |
| Financial fixed assets | 28 | €290 | €290 | €290 | €290 | €290 |
| Current assets | 29/58 | €186k | €115k | €352k | €283k | €223k |
| Stocks & contracts in progress | 3 | €14k | €12k | €30k | €22k | - |
| Amounts receivable within one year | 40/41 | €98k | €62k | €116k | €166k | €128k |
| Cash & bank | 54/58 | €66k | €41k | €203k | €83k | €90k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €565k | €545k | €716k | €418k | €354k |
| Equity | 10/15 | €14k | €21k | €161k | €134k | €102k |
| Contributions / capital | 10/11 | €2k | €2k | €2k | €2k | €2k |
| Reserves | 13 | €45k | €45k | €45k | €45k | €45k |
| Accumulated profits (losses) | 14 | €-33k | €-25k | €114k | €87k | €55k |
| Amounts payable | 17/49 | €551k | €524k | €555k | €284k | €252k |
| Amounts payable after one year | 17 | €197k | €236k | €251k | €38k | €52k |
| Amounts payable within one year | 42/48 | €354k | €288k | €304k | €245k | €200k |
| Trade debts payable within one year | 44 | €302k | €226k | €248k | €157k | €135k |
| Income statement | ||||||
| Gross operating margin | 9900 | €163k | €59k | €217k | €330k | €175k |
| Operating result | 9901 | €2k | €-121k | €30k | €45k | €48k |
| Financial income | 75 | €102 | €599 | €3k | €1k | €130 |
| Financial charges | 65 | €10k | €19k | €2k | €3k | €3k |
| Result before taxes | 9903 | €-8k | €-140k | €31k | €44k | €46k |
| Income taxes | 67/77 | - | - | €4k | €12k | €9k |
| Net result for the period | 9904 | €-8k | €-140k | €27k | €32k | €36k |
| Result to be appropriated | 9905 | €-8k | €-140k | €27k | €32k | €36k |
| VGD BedrijfsrevisorenCurrent Statutory auditor · represented by Tom Quittelier | 04-08-2026 → present |
| NACE primary | Other business support services(82990) |
| Legal form | Private limited company(610) |
| Incorporation | 05-10-2015 |
| Status | Active |
| Postal code | 9000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45018A0172/00R002 | Flanders | 1,010 m² | - | - |
| 44808H0716/00X003 | Flanders | 234 m² | 1 · 80 m² | 12.3 m · 4 fl. |
04-08
State Gazette act
MiscellaneousGeneral meeting · Auditor appointment · Permanent representative4 facts ▸
- General meeting, 31 december 2024
- Auditor appointment, VGD Bedrijfsrevisoren (commissaris)
- Permanent representative, Tom Quittelier
- Mandate term, tot aan de jaarvergadering te houden in 2027 over het boekjaar afgesloten op 31 december 2026
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
04-08-2026 General meeting · Auditor appointment · Permanent representative · Mandate term
- Publication: 04/08/2026 · BLACKFISK
- Filing: 31-07-2026 · BLACKFISK
- General meeting: 31 december 2024 · BLACKFISK
- Auditor appointment: role: commissaris, term: drie jaar, start_date: 31 december 2024 · VGD Bedrijfsrevisoren
- Permanent representative · Tom Quittelier
- Mandate term: tot aan de jaarvergadering te houden in 2027 over het boekjaar afgesloten op 31 december 2026 · Tom Quittelier
- Filing representative · Kelly Verpoorten
Technical details
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}| Legal nameNL | BLACKFISK |