BETTERFLY
ActiveThe computed 12-month bankruptcy probability of BETTERFLY is 2.6% (moderate). The 2024 annual accounts show negative equity (€-33k) and a net result of €-28k. Equity is shrinking by ~158% per year across the filed fiscal years. Its solvency ranks better than 5% of 37959 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0▼-21
Growth32=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.82 in 2023; short-term debt: 150.7% and cash: 30.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-50.7%
Return on assets
-43.7%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-33k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-11-2025, 95 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
95 d late
2023
145 d late
2022
116 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-33k▼ 620%
2023 · €-5k
2022: €70k
2023: €-5k
2022 → 2024
Total assets
€64k▼ 40.0%
2023 · €107k
2022: €82k
2023: €107k
2022 → 2024
Net result
€-28k▲ 62.5%
2023 · €-75k
2022: €-20k
2023: €-75k
2022 → 2024
Working capital
€-43k▼ 118%
2023 · €-20k
2022: €50k
2023: €-20k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€70k-€-5k€-33k▼ 620%
Operating result€-19k-€-75k▼ 289%€-28k▲ 62.9%
Net result€-20k-€-75k▼ 285%€-28k▲ 62.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2024 against €75k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€10k▼ 33.3%
Current assets
€54k▼ 41.1%
Key figures and ratios
EBITDA
€-23k▲
2023 · €-70k
Cash flow
€-23k▲
2023 · €-70k
Solvency
-50.7%▼
2023 · -4.2%
Current ratio
0.56▼
2023 · 0.82
Quick ratio
0.46▼
2023 · 0.75
Debt / equity
-2.97▲
2023 · -24.69
ROA
-43.7%▲
2023 · -69.9%
Interest coverage
-143.12▼
2023 · -81.10
Debt
€97k▼
2023 · €112k
Debt ≤ 1 year
€97k▼
2023 · €112k
Staff costs
€3k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€107k€64k▼
Fixed assets21/28€15k€10k▼
Intangible fixed assets21€15k€10k▼
Current assets29/58€92k€54k▼
Stocks and contracts in progress3€9k€10k▲
Stocks30/36€9k€10k▲
Amounts receivable within one year40/41€14k€25k▲
Trade receivables40€12k€24k▲
Other amounts receivable41€2k€872▼
Cash at bank and in hand54/58€70k€20k▼
Equity and liabilities
Total equity and liabilities10/49€107k€64k▼
Equity10/15€-5k€-33k▼
Contributions10/11€90k€90k=
Profit (loss) carried forward14€-95k€-123k▼
Amounts payable17/49€112k€97k▼
Amounts payable within one year42/48€112k€97k▼
Trade debts44€11k€6k▼
Suppliers440/4€11k€6k▼
Taxes, remuneration and social security45-€183
Remuneration and social security454/9-€183
Other amounts payable47/48€101k€90k▼
Income statement
Code20232024
Remuneration, social security and pensions62€2k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€1k-
Gross operating margin9900€-67k€-20k▲
Operating profit (loss)9901€-75k€-28k▲
Financial income75/76B€1k€64▼
Recurring financial income75€1k€64▼
Financial charges65/66B€868€161▼
Recurring financial charges65€868€161▼
Profit (loss) for the period before taxes9903€-75k€-28k▲
Profit (loss) for the period9904€-75k€-28k▲
Profit (loss) for the period to be appropriated9905€-75k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-95k€-123k▼
Profit (loss) brought forward from the previous period14P€-20k€-95k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 95 days late
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
2023
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 3 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Georges Brugmannplein 331050 ElseneGround area
1,835 m²
Building footprint
1,178 m²
Volume, LiDAR
11,644 m³
2 parcels, Brussels, Wallonia · tallest building 29.0 m, ±8 floors. Linked by address, not a title deed.
3 establishment units
BETTERFLY
since 20212.324.359.233
BETTERLFY
since 20222.328.663.855
BETTERFLY
since 20232.347.515.311
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762F0043/00T003 | Wallonia | 1,433 m² | 1 · 832 m² | 6.3 m · 2 fl. |
| 21447B0313/00G014 | Brussels | 402 m² | 1 · 345 m² | 29.0 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0782.486.726
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HSB MANAGEMENT
BE 0743.714.143
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BRAINWAVE CONSULT
BE 0802.736.564
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Muriel ROCOUR
BE 0832.046.105
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MAD ABOUT YOU
BE 0544.486.041
Antwerpen · Eq €70k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 39,665 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
47120Other non-specialised retail sale
47910Retail trade
58210Publishing activities
62010Computer programming, consultancy and related activities
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
71121Engineering and related technical consultancy, excluding land surveyors
72109Other research and development on natural sciences
72200Scientific research and development
73200Market research and public opinion polling
74109Other professional, scientific and technical activities
74140Other specialised design activities
82920Office administrative, office support and other business support activities
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.