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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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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Blackbird Management from Kapellen, company number BE0798877053, closed financial year 2026 with a result of € 761,735 after tax. For that financial year Blackbird Management recorded a gross margin of € 255,712 and equity of € 2.7 million. Compared with financial year 2025, the result moved from € 154,062 to € 761,735. Profitable, and profit is growing. 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 October 13, 2026.
€ 2.7 million
▲ € 2.3 million vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 761,735
▲ € 607,672 vs 2025
Profit after tax over the fiscal year.
€ 105,709
▼ 66% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 280,000 paid out
37 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
€ 73,060
▲ 82% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 962,500
€ 320,833 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 18
▼ 85% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 102,998
▲ 65% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 34,979 | € 155,635 | € 214,642 | € 255,712 | ▲ 19% |
| Profit after taxes | € 25,505 | € 109,464 | € 154,062 | € 761,735 | ▲ € 607,672 |
| Equity | € 45,505 | € 154,969 | € 309,031 | € 2,657,432 | ▲ € 2.3 million |
| Total debts | € 48,087 | € 49,762 | € 69,177 | € 1,314,714 | ▲ € 1.2 million |
| Cash | € 25,149 | € 154,155 | € 311,330 | € 105,709 | ▼ 66% |
| Retained profit | € 25,505 | € 134,969 | € 289,031 | € 770,765 | ▲ 167% |
| Dividend | € 0 | € 0 | € 0 | € 280,000 | |
| Bank debt | € 0 | € 0 | € 0 | € 962,500 | |
| Balance sheet total | € 93,592 | € 204,731 | € 378,207 | € 3,972,146 | ▲ € 3.6 million |
Key figures of Blackbird Management, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 January 2028.
What happened to Blackbird Management?
What happened at Blackbird Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 761,735 (▲ € 607,672 vs 2025). Source: NBB ↗
- New establishment in Kapellen. KBO
- Micheline Demaerel became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 25,505 profit in 2023 to € 761,735 profit in 2026.
Paid € 217,427 in corporate taxes since 2023.
Best year ever: 2026, with € 761,735 profit.
Paid out € 280,000 in dividends to the owners in total.
Management
Behind Blackbird Management is Micheline Demaerel. It owns 10% of OTC Holding itself.
Directors
According to the 2026 annual accounts
Micheline Demaerel
Director
Also active at: OVERSEAS DISTRIBUTION COMPANY, DETRACO INTERNATIONAL, O.T.C. HOLDING
since 2023
Establishments
Establishment units
Physical locations of this company
Koningin Astridlaan 38
2950 Kapellen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0798.877.053
- VAT number
- BE 0798.877.053
- Registered office
- Koningin Astridlaan 38, 2950 Kapellen
- Names & denominations
- Blackbird Management
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2023
- Peppol
- Active · Active since 24 Nov 2023
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