Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
BLACK HORSE PROMOTIONS from Elsene, company number BE0878314214, closed financial year 2025 with a result of € 626,186 after tax. For that financial year BLACK HORSE PROMOTIONS recorded a gross margin of € 668,535 and equity of € -238,826. Compared with financial year 2024, the result moved from € 34,617 to € 626,186. Profitable, and profit is growing. 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 June 7, 2026.
€ -238,826
▲ € 626,186 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 626,186
▲ € 591,568 vs 2024
Profit after tax over the fiscal year.
€ 7,030
▲ € 6,008 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.8 million.
People and assets in 2025
€ 2,547
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▲ 14% vs 2024
Loans from banks and other lenders, long and short.
€ 28,554
▲ € 27,222 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,452
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,265 | € -2 | € 34,474 | € 668,535 | ▲ € 634,061 |
| Profit after taxes | € -477,704 | € -610 | € 34,617 | € 626,186 | ▲ € 591,568 |
| Equity | € -899,019 | € -899,629 | € -865,011 | € -238,826 | ▲ € 626,186 |
| Total debts | € 899,640 | € 900,248 | € 940,785 | € 1,081,873 | ▲ 15% |
| Cash | € 619 | € 619 | € 1,021 | € 7,030 | ▲ € 6,008 |
| Retained profit | € -2,460,519 | € -2,461,129 | € -2,426,511 | € -1,800,326 | ▲ € 626,186 |
| Bank debt | € 899,528 | € 899,876 | € 914,820 | € 1,043,612 | ▲ 14% |
| Balance sheet total | € 621 | € 619 | € 75,773 | € 843,047 | ▲ € 767,274 |
Key figures of BLACK HORSE PROMOTIONS, 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 HORSE PROMOTIONS?
What happened at BLACK HORSE PROMOTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PHILIPPE BOUTE stepped down as director. NBB
- PHILIPPE DUQUESNE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 626,186 (▲ € 591,568 vs 2024). Source: NBB ↗
- SEBER SRL stepped down as director. NBB
- PHILIPPE BOUTE became a director. NBB
- SEBER SRL became a director. NBB
- PHILIPPE DUQUESNE became a director. NBB
- New establishment in Brussel. KBO
In short
From € 477,704 loss in 2022 to € 626,186 profit in 2025.
Paid € 9,565 in corporate taxes since 2022.
Best year ever: 2025, with € 626,186 profit.
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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 S.E.B.E.R. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BLACK HORSE PROMOTIONSThe shares are held by S.E.B.E.R. (98%). It owns 22% of BEST FINANCES itself.
Directors
According to the 2025 annual accounts
Director · represented by PHILIPPE BOUTE
since 2024 · until 2025
PHILIPPE BOUTE
Director
since 2025 · until 2031
PHILIPPE DUQUESNE
Director
Also active at: LUMAR, OSIRIS VENTURE, J.S.IMMO, LA MEUTE, DRAKKAR GROUP, FINANCIERE CHANCE BELGIQUE, Digital Monetary Services, EDALFI
since 2024 · until 2030
Shareholders
98%
Participations
22%
Establishments
Establishment units
Physical locations of this company
Paul Emile Jansonstraat 52
1050 Elsene
Franklin Rooseveltlaan 148
1050 Brussel
Active since 28 December 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0878.314.214
- VAT number
- BE 0878.314.214
- Registered office
- Paul Emile Jansonstraat 52, 1050 Elsene
- Names & denominations
- BLACK HORSE PROMOTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2005
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- [email protected]
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen