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.
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Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
White Raven from Liège, company number BE0782537107, closed financial year 2025 with a result of € -592,403 after tax. For that financial year White Raven recorded a gross margin of € 70,700 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -680,391 to € -592,403. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 19, 2026.
€ 2.5 million
▲ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -592,403
▲ 13 % less loss than in 2024
Profit after tax over the fiscal year.
€ 128,515
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2025
€ 269,290
▲ 24% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 487,100
▲ 61% vs 2024
Of which on lease € 97,181.
Debts at end 2025
€ 5.9 million
▲ 44% vs 2024
€ 24,720 is repaid this year. At this pace the long-term loan is gone in ≈ 192 years.
€ 744,999
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,479
▲ 59% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -192,808 | € -289,379 | € 70,700 | ▲ € 360,079 |
| Profit after taxes | € -213,258 | € -680,391 | € -592,403 | ▲ € 87,988 |
| Equity | € 2,302,180 | € 1,621,789 | € 2,529,538 | ▲ 56% |
| Total debts | € 139,942 | € 4,952,546 | € 7,019,246 | ▲ 42% |
| Cash | € 1,249,765 | € 106,857 | € 128,515 | ▲ 20% |
| Land & buildings | € 229,132 | € 1,608,307 | € 1,765,522 | ▲ 10% |
| Retained profit | € -213,258 | € -893,649 | € -1,485,900 | ▼ € 592,251 |
| Bank debt | € 0 | € 4,091,240 | € 5,911,520 | ▲ 44% |
| Balance sheet total | € 2,442,122 | € 6,574,336 | € 9,548,784 | ▲ 45% |
Key figures of White Raven, fiscal years 2023 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 Raven?
What happened at White Raven in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ismael RIAZUL stepped down as director. NBB
- Bernard WORONOFF stepped down as director. NBB
- Johan LAMBERSENS stepped down as director. NBB
- RED RAVEN SRL stepped down as director. NBB
- LIATRIS SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 592,403. filed late Source: NBB ↗
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 213,258 loss in 2023 to € 592,403 loss in 2025.
Paid € 685 in corporate taxes since 2023.
A new publication or filing at White Raven? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of TECHNILOOP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
White RavenBehind White Raven is Philippe VANDERHOFSTADT. The shares are held by TECHNILOOP (0.4%).
Directors
According to the 2025 annual accounts
Philippe VANDERHOFSTADT
Director
Bernard WORONOFF
Director
Also active at: Caritas Internationaal België, ANICOM, H.I. INVEST, ARTWALL, ANICOM GESTION, B @ 1 SPORTS & LEISURE (BELGIUM), P³LAB, CORPAR
· until 2029
Ismael RIAZUL
Director
· until 2029
Johan LAMBERSENS
Director
· until 2029
Director · represented by WORONOFF Dimitri
· until 2029
Director · represented by VEREECKE Joachim
· until 2029
Shareholders
0.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Boulevard de Patience et Beaujonc 3
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 24 companies are registered at this address.
All companies at this address →Hyloris Developments
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€ 2.4 million gross margin · 2025
DERMAX
€ 1.6 million revenue · 2025
Hyloris
€ 384,852 revenue · 2025
Hyloris Pharmaceuticals
€ 3.8 million revenue · 2025
+19 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0782.537.107
- VAT number
- BE 0782.537.107
- Registered office
- Boulevard de Patience et Beaujonc 3, 4000 Liège
- Names & denominations
- White Raven
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 2022
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- whiteraven.bio [email protected]
- Activities · NACE
Vervaardiging van geneesmiddelen
Speur- en ontwikkelingswerk op biotechnologisch gebied
Vervaardiging van overige farmaceutische producten