BITEC & Co
ActiveSummary
The computed 12-month bankruptcy probability of BITEC & Co is 3.3% (moderate). The 2024 annual accounts show negative equity (-€23,312) and a net result of -€64. Equity is shrinking by ~27.2% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 44 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,621 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €19,515 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €2,000 | - | - | - |
| Other operating charges640/8 | - | €55 | €405 | €64 | €64 | ▲ 0.3% |
| Gross operating margin9900 | -€350 | -€566 | - | - | - | - |
| Operating profit (loss)9901 | -€7,159 | -€20,136 | -€2,405 | -€64 | -€64 | ▼ 0.3% |
| Financial charges65/66B | - | €64 | - | - | - | - |
| Recurring financial charges65 | €4 | €64 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€7,163 | -€20,200 | -€2,405 | -€64 | -€64 | ▼ 0.3% |
| Profit (loss) for the period9904 | -€7,163 | -€20,200 | -€2,405 | -€64 | -€64 | ▼ 0.3% |
| Profit (loss) for the period to be appropriated9905 | -€7,163 | -€20,200 | -€2,405 | -€64 | -€64 | ▼ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,215 | €722 | €625 | €625 | €0 | ▼ 100.0% |
| Current assets29/58 | €20,215 | €722 | €625 | €625 | €0 | ▼ 100.0% |
| Amounts receivable within one year40/41 | €20,054 | €625 | €625 | €625 | - | - |
| Other amounts receivable41 | - | €625 | €625 | €625 | - | - |
| Cash at bank and in hand54/58 | €161 | €97 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €0 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,215 | €722 | €625 | €625 | €0 | ▼ 100.0% |
| Equity10/15 | -€580 | -€20,780 | -€23,184 | -€23,248 | -€23,312 | ▼ 0.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€21,040 | -€41,240 | -€43,644 | -€43,708 | -€43,772 | ▼ 0.1% |
| Provisions and deferred taxes16 | - | - | €2,000 | €2,000 | €2,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €2,000 | €2,000 | €2,000 | = |
| Major repairs and maintenance162 | - | - | €2,000 | - | €2,000 | - |
| Other liabilities and charges164/5 | - | - | - | €2,000 | - | - |
| Amounts payable17/49 | €20,795 | €21,502 | €21,809 | €21,873 | €21,312 | ▼ 2.6% |
| Amounts payable within one year42/48 | €20,795 | €21,502 | €21,809 | €21,873 | €21,312 | ▼ 2.6% |
| Trade debts44 | €424 | €424 | €771 | €835 | €898 | ▲ 7.6% |
| Suppliers440/4 | - | €424 | €771 | €835 | €898 | ▲ 7.6% |
| Other amounts payable47/48 | - | €21,079 | €21,038 | €21,038 | €20,413 | ▼ 3.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,163 | -€20,200 | -€2,405 | -€64 | -€64 | ▼ 0.3% |
| Operating cash flow (approximation) | -€7,163 | -€20,200 | -€2,405 | -€64 | -€64 | ▼ 0.3% |
| Change in cash | - | -€64 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014E0245/00B002 | Flanders | 379 m² | 1 · 131 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
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