White Raven SA
3.0 FTEWhite Raven reported total assets of €9.55m at the end of the 2025 financial year (annual accounts filed with the NBB on 19 Aug 2026), with 3 full-time equivalents.
By total assets for 2025, White Raven ranks in the top half of the 173 companies in its sector (NACE 2120) in Belgium that filed accounts for that financial year. Largest companies in the sector →
The score of White Raven shows with a free account.
See the score- Summary? / 5
- Balance sheet strength
- Liquidity
- Repayment capacity
- Profitability
- Trajectory
- Compliance and register
- Position in its sectorvs peers
- Supplier creditat 30 d
- Borrowing capacityborrowable
- Valuationcentral
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Key figures 2025
Change 2023 → 2025: Equity +10 % Total assets +291 % Headcount (avg FTE) +200 %
Accounts of the company itself (not consolidated).
The full file covers 3 financial years; a free account shows 2. →Deterministic calculation on the filed accounts, no AI. Dispute the score or report an error
White Raven's annual accounts
Filed annual accounts
- Year ended 31 Dec 2025filed on 19 Aug 2026
- Year ended 31 Dec 2024filed on 30 Sep 2025
- Year ended 31 Dec 2023filed on 22 Jul 2024
White Raven's financial analysis
- Solvency26.5%sector median: 34.4%
- Current ratio
- Net margin
- ROE
- Financial debt / EBITDA
- Interest coverage
- Days sales outstanding (DSO)
Management and control of White Raven
White Raven's publications in the Belgian Gazette
Company number, VAT number and registered office
- Company number (CBE)
- 0782.537.107
- VAT number
- BE0782537107
- Peppol
- Registered · 0208:0782537107 · as of 12 Nov 2026
- Legal form
- SA
- Incorporated
- 23 Feb 2022
- Registered office
- 4000 Liège
- Size
- Micro · 3.0 FTE
- Latest accounts
- 2025 · filed on 19 Aug 2026
- Activity
- Manufacture of medicaments (NACE 21201)
White Raven (SA) has been based in Liège since 2022, active in: manufacture of medicaments. For 2025, it reports a net loss of 592,403 € and equity of €2.53m; its revenue is not published. With 3.0 full-time equivalents, it is a micro-enterprise by headcount. Its solvency stands at 26.5%, below the median of its sector (34.4%).
Guide: Reading Belgian SME accounts: the five figures that count →
Companies similar to White Raven
Companies in the same business, of comparable size and area, outside its group.
- Phoenix Biosciences Manufacture of pharmaceutical preparations Nivelles · balance sheet €8.11m
- Upjohn Manufacture of pharmaceutical preparations Hoeilaart · balance sheet €12.3m
- Etherna Immunotherapies Research and experimental development on natural sciences and engineering Niel · balance sheet €12.8m
- Cellistic Manufacture of pharmaceutical preparations Mont-Saint-Guibert · balance sheet €41.6m
- Will - Pharma Manufacture of pharmaceutical preparations Wavre · balance sheet €9.73m
- ExoXpert Manufacture of pharmaceutical preparations Liège · balance sheet €2.05m
- Conforma Manufacture of pharmaceutical preparations Destelbergen · balance sheet €16.3m
- BePharBel Manufacturing Manufacture of basic pharmaceutical products Courcelles · balance sheet €27.4m
Frequently asked questions about White Raven
What is the revenue of White Raven?
White Raven files its accounts in a format where revenue is optional: it is not published for 2025.
What is the VAT number of White Raven?
In Belgium, the VAT number is the company number prefixed with BE: BE0782537107 for White Raven, if the company is VAT-registered. Its company number (CBE) is 0782.537.107.
Where is the registered office of White Raven?
According to the CBE register, the registered office of White Raven is in 4000 Liège.
What is the equity of White Raven?
At the close of the 2025 financial year, the equity of White Raven amounts to 2,529,538 €, a solvency of 26.5% of total assets.
How many people work at White Raven?
3.0 full-time equivalents on average according to the 2025 social balance sheet.
Who manages White Raven?
The register lists 11 active mandates at White Raven. Names and roles are in the full file, with the deeds published in the Belgian Gazette.
How large is White Raven within its sector?
By total assets for 2025, White Raven ranks in the top half of the 173 companies in its sector (NACE 2120) in Belgium that filed accounts for that financial year.
The full file of White Raven
Directors and mandates, ownership network, Gazette deeds, ten years of accounts and ratios, Excel export, and Idonis's analysis in one question.
Open the full file →