Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BLANCHE II from Elsene, company number BE0449007258, closed financial year 2025 with a result of € -297,170 after tax. For that financial year BLANCHE II recorded a gross margin of € -24,570 and equity of € -1.2 million. Compared with financial year 2024, the result moved from € -176,047 to € -297,170. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 21, 2026.
€ -1.2 million
▼ € 297,170 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -297,170
▼ 69 % more loss than in 2024
Profit after tax over the fiscal year.
€ 22,199
▲ 188% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.5 million.
Debts at end 2025
€ 8.4 million
▲ 84% vs 2024
Loans from banks and other lenders, long and short.
€ 1 million
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -17,570 | € -22,630 | € -12,835 | € -24,570 | ▼ € 11,735 |
| Profit after taxes | € -148,315 | € -2,362,890 | € -176,047 | € -297,170 | ▼ € 121,123 |
| Equity | € 2,135,393 | € -681,339 | € -857,386 | € -1,154,556 | ▼ € 297,170 |
| Total debts | € 1,237,269 | € 2,251,716 | € 5,389,777 | € 9,399,832 | ▲ 74% |
| Cash | € 3,663 | € 5,567 | € 7,711 | € 22,199 | ▲ 188% |
| Land & buildings | € 3,123,051 | € 741,565 | € 750,997 | € 749,230 | |
| Retained profit | € -688,678 | € -3,051,567 | € -3,227,614 | € -3,524,785 | ▼ € 297,170 |
| Bank debt | € 0 | € 2,123,829 | € 4,551,511 | € 8,355,912 | ▲ 84% |
| Balance sheet total | € 3,372,661 | € 1,570,377 | € 4,532,391 | € 8,245,276 | ▲ 82% |
Key figures of BLANCHE II, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BLANCHE II?
What happened at BLANCHE II in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier PERIER stepped down as director. NBB
- SA Société Anonyme de Participation et de Gestion stepped down as director. NBB
- DENIS PETTIAUX stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 297,170. filed late Source: NBB ↗
- Olivier PERIER became a director. NBB
- SA Société Anonyme de Participation et de Gestion became a director. NBB
- DENIS PETTIAUX became a director. NBB
- New establishment in Elsene. KBO
In short
From € 148,315 loss in 2022 to € 297,170 loss in 2025.
Management
The stake of Société Anonyme de Participation et de Gestion comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BLANCHE IIThe shares are held by Société Anonyme de Participation et de Gestion (100%). It owns 18% of SADEGI itself.
Directors
According to the 2025 annual accounts
Olivier PERIER
Director
Also active at: Société Anonyme de Participation et de Gestion, SOCIETE D'ENTREPRISES ET DE GESTION IMMOBILIERES
since 2025 · until 2029
SA Société Anonyme de Participation et de Gestion
Director · represented by Benjamin GERARD
Also active at: Tradix, D'Ieteren Group, CLOSE OUT SHOP, SOCIETE D'ENTREPRISES ET DE GESTION IMMOBILIERES, D'Ieteren Automotive SA/NV, Hydronic System Optimisation, LIFEPOWR, EPIC Blue +5 more
since 2025 · until 2029
DENIS PETTIAUX
Director
Also active at: Tradix, CLOSE OUT SHOP, Société Anonyme de Participation et de Gestion, SOCIETE D'ENTREPRISES ET DE GESTION IMMOBILIERES, LHP TRADE, BIO CAP INVEST, OBJEKTEN, NAZCA +1 more
since 2025 · until 2029
Shareholders
Participations
18%
Establishments
Establishment units
Physical locations of this company
Livornostraat 41
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Collège Royal des Doyens d'Honneur du Travail
Société Anonyme de Participation et de Gestion same network
€ 5.4 million revenue · 2024
BELGIAN INDUSTRIAL COOPERATION
€ -1,889 gross margin · 2025
SOCIETE D'ENTREPRISES ET DE GESTION IMMOBILIERES same network
€ -2,000 gross margin · 2025
EDITIONS ET DIFFUSION DU CENTRE DE TECHNOLOGIE
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.007.258
- VAT number
- BE 0449.007.258
- Registered office
- Livornostraat 41, 1050 Elsene
- Names & denominations
- BLANCHE II
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1992
- Peppol
- Active · Active since 20 Nov 2020