White Blackbird
ActiveThe computed 12-month bankruptcy probability of White Blackbird is 4.4% (elevated). The 2025 annual accounts show negative equity (€-660k) and a net result of €-17k. Equity is shrinking by ~64.9% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 14.92 against 11.77 in 2024; short-term debt: 4.7% and cash: 70.1% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-683.3%
Return on assets
-18%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-660k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
9 d early
2024
13 d early
2023
19 d early
2022
27 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€0▼ 100%
2022 · €51k
2022: €51k
2022 → 2023
EBIT margin
-180.2%
Net result
€-17k▲ 96.8%
2024 · €-551k
2022: €-103k
2023: €-14k
2024: €-551k
2022 → 2025
Working capital
€63k▼ 11.6%
2024 · €71k
2022: €90k
2023: €86k
2024: €71k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€51k-€0▼ 100%
Equity€-78k-€-91k▼ 17.5%€-642k▼ 604%€-660k▼ 2.7%
Operating result€-93k-€-6k▲ 93.7%€-15k▼ 165%€-9k▲ 39.4%
Net result€-103k-€-14k▲ 86.8%€-551k▼ 3,954%€-17k▲ 96.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €15k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95k
Fixed assets
€28k=
Current assets
€68k▼ 13.3%
Key figures and ratios
EBITDA
€-8k▲
2024 · €-14k
Cash flow
€-16k▲
2024 · €-549k
Solvency
-683.3%▼
2024 · -591.6%
Current ratio
14.92▲
2024 · 11.77
Quick ratio
14.92▲
2024 · 11.77
Debt / equity
-1.15▲
2024 · -1.17
ROA
-18.0%▲
2024 · -507.6%
Interest coverage
-1.03▲
2024 · -1.87
Debt
€756k▲
2024 · €751k
Debt ≤ 1 year
€5k▼
2024 · €7k
Debt > 1 year
€751k▲
2024 · €744k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€109k€97k▼
Formation expenses20€3k€1k▼
Fixed assets21/28€28k€28k=
Financial fixed assets28€28k€28k=
Companies linked by participating interests282/3€28k€28k=
Participating interests282€28k€28k=
Current assets29/58€78k€68k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€6k€0▼
Trade receivables40€6k€0▼
Cash at bank and in hand54/58€72k€68k▼
Equity and liabilities
Total equity and liabilities10/49€109k€97k▼
Equity10/15€-642k€-660k▼
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-667k€-685k▼
Amounts payable17/49€751k€756k▲
Amounts payable after more than one year17€744k€751k▲
Financial debts170/4€744k€751k▲
Other loans174€744k€751k▲
Amounts payable within one year42/48€7k€5k▼
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Accrued charges and deferred income492/3€389€438▲
Income statement
Code20242025
Operating charges60/66A€15k€9k▼
Services and other goods61€13k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€513€528▲
Operating profit (loss)9901€-15k€-9k▲
Financial charges65/66B€536k€8k▼
Recurring financial charges65€8k€8k▲
Debt charges650€7k€7k▲
Other financial charges652/9€560€627▲
Non-recurring financial charges66B€528k€0▼
Profit (loss) for the period before taxes9903€-551k€-17k▲
Profit (loss) for the period9904€-551k€-17k▲
Profit (loss) for the period to be appropriated9905€-551k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-667k€-685k▼
Profit (loss) brought forward from the previous period14P€-116k€-667k▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-551k
Net result drops to €-551k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 58current ratio 1861.15
Current ratio from 32.12 to 1861.15; short-term debt falls from €3k to €46.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Roeselare · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kwadestraat 1558800 RoeselareGround area
7,646 m²
Building footprint
828 m²
Volume, LiDAR
6 m³
Parcel 36017A1278/00X003, Flanders · tallest building 0.6 m. Linked by address, not a title deed.
1 establishment unit
White Blackbird
since 20212.316.176.391
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1278/00X003 | Flanders | 7,646 m² | 1 · 828 m² | 0.6 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@bistrodewittemerel.be
Phone:051/69/49/20