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The Whitebox

Active Public limited companyfounded 2008active for 18 yearsVeldkant 33 A, 2550 KontichKBO/BCE: BE 0806.066.040 subsidiary of
Part of the group 525 companies in 16 countries

Lifetime

17 annual accounts with figures on one time axis
peak €1.2m (2016)
€267,976▲ 84.2%
lowest -€180,524 (2021)
-€102,422▼ €55,566
peak €94,530 (2009)
-€138,155▲ €276,378
€266,434▼ 40.7%
peak 8.6 FTE (2013)
3.6 FTE 
Board5 names since 2015
3 directors and 2 others
Owners2 names in the annual accounts
100%
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Turnover from €145,449 to €267,976Gross margin from -€23,345 to €94,847Loss of €102,422Purpose change · Amendment of the articles 21-05Equity from -€414,534 to -€138,155Debts from €449,332 to €266,434

Key points

from the 2025 annual accounts

Equity

-€138,155
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€472,900 in six years
-75,9782020-180,5242021-36,1712022-30,9512023-46,8552024-102,4222025

Every financial year from 2020 to 2025 closed with a loss. 2021 was the heaviest.

Debts

€266,434 208% of the balance sheet
Suppliers 17%Taxes and wages 12%Other 71%

Investments

€12,936 5.8 × depreciation
20222025

Green is investment, beige is depreciation.

Staff

3.6 FTE from 8.6 in 2013

Between 2013 and 2025, 58% of the full-time equivalents disappeared.

Payment terms

63 days to suppliers
Suppliers
44 to 63
Customers
13 to 142

The Whitebox pays its suppliers 19 days later than in 2024. Customers pay 129 days later.

Equity +67%: capital increase

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,920 companies had the same profile as The Whitebox has now. Each dot stands for 18 companies, two years later.

85.3%
were still trading
8.3%
stopped another way
5.8%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,920 companies, not a prediction for The Whitebox. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

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Signals

Board and ownership

Director,
Director,
Director
Auditor,
  • 100%equity €47.8m (2026) · 31-03-2026 annual accounts of
Board & ownership

Recent changes

Purpose change · Amendment of the articles Capital from €62,000 to €440,800 · Capital from €440,800 to €62,000 · “1.Het rechtstreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten…” (deed in Dutch) · Gazette deed
Company renamed from Talent Hike to The Whitebox General meeting of 02-12-2024 · Gazette deed
Permanent representatives: , and General meeting of 21-03-2023 · Gazette deed
1 statutory auditor reappointed Permanent representatives: , and · (statutory auditor) · General meeting of 01-03-2023 · Gazette deed
All 34 events

Comparable companies

same main activity, similar in size and age
Company
The Whitebox Kontich €267,976 -30.9% -107.7% 3.6
MadisonUnderwood Antwerp - - 53.5% 1.8
Model8 Kontich €363,041 -52.7% -921.2% 3.7
Axel Kontich - - 24.3% 2.5
iVMEDIA Herentals - - -8.4% 1.1
ACCONOMETRICS Herentals - - 65.6% 0.8
Addemus Consilium Hoogstraten - - 92.5% 0.9
-10%0%10%20%€500,000€5m€50m€500m€5bnThe WhiteboxEBIT margin

Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as The Whitebox: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €66,100 and €134,000, founded between 1999 and 2011.

Official details

Source: KBO
Status
Active since 22-08-2008Normal situation
Registered office
182 active companies are registered at this addressSource: KBO register, as of 13 November 2026.
Activity
Computer consultancy and computer facilities managementNACE 62200
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.173.277.6742550 Kontich, since 22-08-2008
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€128,279▲ 269%
Employeeson 31-12-2025
6
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

Companies linked to The Whitebox

Parent and group

Insights on The Whitebox

The Whitebox has existed since 2008. In 2020 turnover rose from €99,194 to €304,649.

Solvency rose in 2025 from -1191.3% to -107.7% because of lower debts.

holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about The Whitebox

What is the company number of The Whitebox?
The company number of The Whitebox is 0806.066.040. The VAT number is the same number with BE in front: BE 0806.066.040.
Where is The Whitebox based?
The registered office is at Veldkant 33 A, 2550 Kontich.Company details
What does The Whitebox do?
According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
What is the legal form of The Whitebox?
The Whitebox is a public limited company (NV).
When was The Whitebox founded?
The Whitebox was founded on 22-08-2008.
Is The Whitebox still active?
Yes, The Whitebox is an active enterprise in the KBO register.
How many employees does The Whitebox have?
The Whitebox had an average of 3.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does The Whitebox fall under?
In its 2025 annual accounts, The Whitebox states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of The Whitebox?
The turnover of The Whitebox was €267,976 in financial year 2025, according to the filed annual accounts.
Is The Whitebox profitable?
In financial year 2025, The Whitebox made a loss of €102,422.
Where can I find the annual accounts of The Whitebox?
The Whitebox filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of The Whitebox due?
The Whitebox must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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