Bitterbal
ActiveThe computed 12-month bankruptcy probability of Bitterbal is 5.7% (elevated). The 2024 annual accounts show negative equity (€-16k) and a net result of €3k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 15% of 18942 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+7
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.11 in 2023; short-term debt: 136.2% and cash: 26.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
-45.8%
Return on assets
7.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 18942 sector peers (2024).
NBB · sector comparisonPosition among 18942 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
22 d early
2022
38 d early
2021
13 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-16k▲ 14.6%
2023 · €-19k
2021: €-12k
2022: €-20k
2023: €-19k
2021 → 2024
Total assets
€36k▼ 33.3%
2023 · €53k
2021: €102k
2022: €85k
2023: €53k
2021 → 2024
Net result
€3k▲ 133%
2023 · €1k
2021: €-14k
2022: €-9k
2023: €1k
2021 → 2024
Working capital
€-38k▲ 12.3%
2023 · €-43k
2021: €-45k
2022: €-48k
2023: €-43k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-12k-€-20k▼ 76.5%€-19k▲ 5.9%€-16k▲ 14.6%
Operating result€-13k-€-8k▲ 39.4%€2k€4k▲ 74.1%
Net result€-14k-€-9k▲ 34.8%€1k€3k▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 74% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€25k▼ 47.8%
Current assets
€11k▲ 97.5%
Key figures and ratios
EBITDA
€27k▼
2023 · €27k
Cash flow
€26k▼
2023 · €26k
Solvency
-45.8%▼
2023 · -35.8%
Current ratio
0.22▲
2023 · 0.11
Quick ratio
0.20▲
2023 · 0.09
Debt / equity
-3.18▲
2023 · -3.79
ROA
7.9%▲
2023 · 2.2%
Interest coverage
34.30▲
2023 · 27.92
Debt
€52k▼
2023 · €73k
Debt ≤ 1 year
€48k▼
2023 · €49k
Debt > 1 year
€3k▼
2023 · €24k
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€53k€36k▼
Fixed assets21/28€48k€25k▼
Intangible fixed assets21€16k€8k▼
Tangible fixed assets22/27€30k€15k▼
Plant, machinery and equipment23€30k€15k▼
Financial fixed assets28€2k€2k=
Current assets29/58€5k€11k▲
Stocks and contracts in progress3€856€996▲
Stocks30/36€856€996▲
Amounts receivable within one year40/41€270€157▼
Other amounts receivable41€270€157▼
Cash at bank and in hand54/58€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€53k€36k▼
Equity10/15€-19k€-16k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-21k€-18k▲
Amounts payable17/49€73k€52k▼
Amounts payable after more than one year17€24k€3k▼
Financial debts170/4€24k€3k▼
Amounts payable within one year42/48€49k€48k▼
Current portion of amounts payable after more than one year42€20k€20k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€1k€1k▼
Remuneration and social security454/9€5k€1k▼
Other amounts payable47/48€18k€23k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€23k▼
Other operating charges640/8€797€809▲
Gross operating margin9900€28k€27k▼
Operating profit (loss)9901€2k€4k▲
Financial income75/76B€108-
Recurring financial income75€108-
Financial charges65/66B€957€775▼
Recurring financial charges65€957€775▼
Profit (loss) for the period before taxes9903€1k€3k▲
Profit (loss) for the period9904€1k€3k▲
Profit (loss) for the period to be appropriated9905€1k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-18k▲
Profit (loss) brought forward from the previous period14P€-22k€-21k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €3k ▲133%
Operating result €4k, net result €3k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Eeklo · 1 establishment unit since 2020
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.
Zuidmoerstraat 1419900 EekloGround area
396 m²
Building footprint
210 m²
Volume, LiDAR
1,546 m³
Parcel 43352F0631/00Z000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Bitterbal
since 20202.311.512.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0631/00Z000 | Flanders | 396 m² | 1 · 210 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEeklo2.311.512.968
Similar companies · same sector and region
BUSE
BE 0820.020.380
Eeklo
CELELO
BE 1012.429.976
Eeklo
DEN BEIR
BE 0878.758.533
Eeklo
Dorlion
BE 1025.810.335
Eeklo
Duhamel- Van Wynsberge
BE 0817.466.312
Eeklo
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 21,896 companies in sector 56112 we hold annual accounts for 9,785.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2020
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
41001General construction of residential buildings
43120Site preparation
43211General electrical installation work
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
56210Event catering
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.