What is the address of WHITE FUND?

The registered office of WHITE FUND is located at Rue Lambert-Lombard 3, 4000 Liège.

Is WHITE FUND still active?

Yes. According to the CBE (29 October 2026) WHITE FUND is active, legal situation “Normale toestand”, started on 23 October 2019.

Is WHITE FUND registered on Peppol?

Yes, WHITE FUND is registered on the Peppol network with ID 0208:0736705496.

What is the enterprise number of WHITE FUND?

The enterprise number of WHITE FUND is BE0736705496.

When was WHITE FUND founded?

WHITE FUND was founded on 23 October 2019.

Who are the directors of WHITE FUND?

According to the 2025 annual accounts, the directors of WHITE FUND are: François FONTAINE, NOSHAQ PARTNERS, Pierre MERCENIER, INVEST FOR JOBS, Michel BAIJOT.

Is WHITE FUND a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 October 2019; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did WHITE FUND make in 2025?

WHITE FUND recorded a loss after taxes of € 326,406 in financial year 2025.

What is the revenue of WHITE FUND?

As a small company, WHITE FUND is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -409,289.

How many employees does WHITE FUND have?

According to the 2025 annual accounts, WHITE FUND has 0 full-time equivalents (FTE).

WHITE FUND (Public Limited) - Liège - BE0736705496

Dossier WHITE FUND, printed on 29 October 2026 from databakkes.be/en/0736705496/white-fund. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Busy address KBO

35 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

WHITE FUND from Liège, company number BE0736705496, closed financial year 2025 with a result of € -326,406 after tax. For that financial year WHITE FUND recorded a gross margin of € -409,289 and equity of € 25.8 million. Compared with financial year 2024, the result moved from € -477,370 to € -326,406. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.

What it is worth Growing

€ 25.8 million

▲ 28% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -326,406

▲ 32 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6 million

▲ 59% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -4.7 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 216,462

▼ 34% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	-	-	€ -724,551 Gross margin 2024: € -724,551 First fiscal year in the series	€ -409,289 Gross margin 2025: € -409,289 ▲ € 315,262 vs 2024 (€ -724,551) Favourable step	▲ € 315,262
Profit after taxes	€ -806,492 Profit after taxes 2022: € -806,492 First fiscal year in the series	€ -793,532 Profit after taxes 2023: € -793,532 ▲ € 12,961 vs 2022 (€ -806,492) Favourable step	€ -477,370 Profit after taxes 2024: € -477,370 ▲ € 316,162 vs 2023 (€ -793,532) Favourable step	€ -326,406 Profit after taxes 2025: € -326,406 ▲ € 150,964 vs 2024 (€ -477,370) Favourable step	▲ € 150,964
Equity	€ 9,888,015 Equity 2022: € 9,888,015 First fiscal year in the series	€ 14,094,483 Equity 2023: € 14,094,483 ▲ 43% vs 2022 (€ 9,888,015) Favourable step	€ 20,117,113 Equity 2024: € 20,117,113 ▲ 43% vs 2023 (€ 14,094,483) Favourable step	€ 25,790,708 Equity 2025: € 25,790,708 ▲ 28% vs 2024 (€ 20,117,113) Favourable step	▲ 28%
Total debts	€ 587,430 Total debts 2022: € 587,430 First fiscal year in the series	€ 393,116 Total debts 2023: € 393,116 ▼ 33% vs 2022 (€ 587,430) Favourable step	€ 326,889 Total debts 2024: € 326,889 ▼ 17% vs 2023 (€ 393,116) Favourable step	€ 216,462 Total debts 2025: € 216,462 ▼ 34% vs 2024 (€ 326,889) Favourable step	▼ 34%
Cash	€ 1,919,088 Cash 2022: € 1,919,088 First fiscal year in the series	€ 3,106,264 Cash 2023: € 3,106,264 ▲ 62% vs 2022 (€ 1,919,088) Favourable step	€ 3,757,241 Cash 2024: € 3,757,241 ▲ 21% vs 2023 (€ 3,106,264) Favourable step	€ 5,973,052 Cash 2025: € 5,973,052 ▲ 59% vs 2024 (€ 3,757,241) Favourable step	▲ 59%
Retained profit	€ -3,061,985 Retained profit 2022: € -3,061,985 First fiscal year in the series	€ -3,855,517 Retained profit 2023: € -3,855,517 ▼ € 793,532 vs 2022 (€ -3,061,985) Unfavourable step	€ -4,332,887 Retained profit 2024: € -4,332,887 ▼ € 477,370 vs 2023 (€ -3,855,517) Unfavourable step	€ -4,659,292 Retained profit 2025: € -4,659,292 ▼ € 326,406 vs 2024 (€ -4,332,887) Unfavourable step	▼ € 326,406
Balance sheet total	€ 10,475,445 Balance sheet total 2022: € 10,475,445 First fiscal year in the series	€ 14,487,599 Balance sheet total 2023: € 14,487,599 ▲ 38% vs 2022 (€ 10,475,445) Unchanged	€ 20,444,002 Balance sheet total 2024: € 20,444,002 ▲ 41% vs 2023 (€ 14,487,599) Unchanged	€ 26,007,170 Balance sheet total 2025: € 26,007,170 ▲ 27% vs 2024 (€ 20,444,002) Unchanged	▲ 27%

Key figures of WHITE FUND, 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 WHITE FUND?

What happened at WHITE FUND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 François FONTAINE stepped down as director. NBB
2030 NOSHAQ PARTNERS stepped down as director. NBB
2030 Pierre MERCENIER stepped down as director. NBB
2030 INVEST FOR JOBS stepped down as director. NBB
2030 Michel BAIJOT stepped down as director. NBB
Jul 7, 2026 New annual accounts for financial year 2025: loss of € 326,406. Source: NBB ↗
2025 François FONTAINE became a director. NBB
2025 NOSHAQ PARTNERS became a director. NBB

In short

From € 806,492 loss in 2022 to € 326,406 loss in 2025.

Original PDFs at the National Bank ↗

Management

NOSHAQ 31.8%

OGEO FUND 31.8%

INVEST FOR JOBS 15.9%

SFPI 13.2%

WHITE FUND

EARLYTRACKS 24.7%

MINZE 23.4%

BINGLI 22.8%

MOVEUP 10.3%

The shares are held by NOSHAQ (31.8%), OGEO FUND (31.8%), INVEST FOR JOBS (15.9%), SFPI (13.2%), FINANCE&INVEST.BRUSSELS SA (2.7%) and CHAGRAL INVEST (2.7%). It owns 24.7% of EARLYTRACKS, 23.4% of MINZE, 22.8% of BINGLI and 10.3% of MOVEUP itself.