Financials
Financial year 2025
Black Swan Economics from Oud-Heverlee, company number BE0849335364, closed financial year 2025 with a result of € 5,304 after tax. For that financial year Black Swan Economics recorded a gross margin of € 42,016 and equity of € 116,038. Compared with financial year 2024, the result moved from € 40,289 to € 5,304. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 116,038
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,304
▼ 87% vs 2024
Profit after tax over the fiscal year.
€ 62,521
▲ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 31,271 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 35,268
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 135,277
▼ 9% vs 2024
€ 13,242 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 1,376
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 49,664 | € 77,896 | € 94,461 | € 42,016 | ▼ 56% |
| Profit after taxes | € 16,652 | € 36,847 | € 40,289 | € 5,304 | ▼ 87% |
| Equity | € 64,869 | € 101,716 | € 142,005 | € 116,038 | ▼ 18% |
| Total debts | € 219,448 | € 186,401 | € 168,604 | € 150,367 | ▼ 11% |
| Cash | € 68,894 | € 89,363 | € 42,808 | € 62,521 | ▲ 46% |
| Land & buildings | € 214,748 | € 197,810 | € 180,872 | € 163,933 | ▼ 9% |
| Retained profit | € 52,469 | € 89,316 | € 129,605 | € 103,638 | ▼ 20% |
| Dividend | € 0 | € 0 | € 0 | € 31,271 | |
| Bank debt | € 172,561 | € 160,526 | € 148,103 | € 135,277 | ▼ 9% |
| Balance sheet total | € 284,317 | € 288,117 | € 310,609 | € 266,405 | ▼ 14% |
Key figures of Black Swan Economics, 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 Black Swan Economics?
What happened at Black Swan Economics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,304 (▼ 87% vs 2024). Source: NBB ↗
- New establishment in Oud-Heverlee. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,652 profit in 2022 to € 5,304 profit in 2025.
Paid € 49,730 in corporate taxes since 2022.
Best year ever: 2024, with € 40,289 profit.
Paid out € 31,271 in dividends to the owners in total.
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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
Behind Black Swan Economics is Raphaël Ursi. Raphaël Ursi is also behind I4G Partners.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Bovenbosstraat 26
3053 Oud-Heverlee
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0849.335.364
- VAT number
- BE 0849.335.364
- Registered office
- Bovenbosstraat 26, 3053 Oud-Heverlee
- Names & denominations
- Black Swan Economics
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 2012
- Peppol
- Active · Active since 1 Jan 2001