Losses
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Of this, €33,997 falls due within a year.
The last five annual accounts were filed 26 to 43 days before the end of the period.
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 27% of them on solvency, 48% on liquidity, 36% on profitability and 35% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,548 companies had the same profile as Beat The Goldfish has now. Each dot stands for 4 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Beat The Goldfish itself is lower: 0.2% within 12 months. It rests on far more data about Beat The Goldfish than the profile alone.
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,548 companies, not a prediction for Beat The Goldfish. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.02 (0.85 in 2024), below the usual 1.5. Short-term debt is 79.1% and cash 55.7% of total assets. 79.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 38 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Beat The Goldfish Herent | €42,995 | €7,156 | 20.8% | - |
| IMPALA Liège | €38,287 | €7,503 | 37.8% | - |
| Proot Emilie Heist-op-den-Berg | €49,720 | €6,996 | 76.9% | - |
| Qualitative and Quantitative Data Analyst Héron | €51,496 | €8,209 | 62.3% | - |
| OMEA Consulting Genappe | €36,131 | €6,598 | 61.6% | - |
| East Stratcom Consulting Kraainem | €36,329 | €8,202 | 75.3% | - |
| LALACOM Overijse | €53,763 | €8,228 | 45.2% | - |
These companies have the same main activity as Beat The Goldfish: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €36,100 and €53,800, founded between 2020 and 2021.
Beat The Goldfish files the micro format. That format states no turnover. The gross margin fell from €16,268 in 2020 to €7,156 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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