Bitterbal
The computed 12-month bankruptcy probability of Bitterbal is 5.6% (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 5597 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-16k |
| Net result | €3k |
| Better than sector | 15% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -45.8% | 19.3% | |
| Net result | €3k | €4k | |
| Equity | €-16k | €14k | |
| Gross operating margin | €27k | €52k | |
| Total assets | €36k | €87k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €27k |
| Net profit | €3k |
| Cash flow | €26k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €36k |
| Equity | €-16k |
| Debt | €52k |
| of which ≤ 1y | €48k |
| of which > 1y | €3k |
| Working capital | €-38k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.22 |
| Quick ratio | 0.20 |
| Working capital ratio | -106.6% |
| Solvency | -45.8% |
| Debt / equity | -3.18 |
| Long-term debt ratio | -0.21 |
| Interest coverage | 34.30 |
| Gross margin | - |
| Net margin | - |
| ROA | 7.9% |
| ROE | -17.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €36k |
| Fixed assets | 21/28 | €25k |
| Intangible fixed assets | 21 | €8k |
| Tangible fixed assets | 22/27 | €15k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €11k |
| Stocks & contracts in progress | 3 | €996 |
| Amounts receivable within one year | 40/41 | €157 |
| Cash & bank | 54/58 | €9k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €36k |
| Equity | 10/15 | €-16k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-18k |
| Amounts payable | 17/49 | €52k |
| Amounts payable after one year | 17 | €3k |
| Amounts payable within one year | 42/48 | €48k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €27k |
| Operating result | 9901 | €4k |
| Financial charges | 65 | €775 |
| Result before taxes | 9903 | €3k |
| Net result for the period | 9904 | €3k |
| Result to be appropriated | 9905 | €3k |
| NACE primary | Food & beverage service(56112) |
| Legal form | Private limited company(610) |
| Incorporation | 28-12-2020 |
| Status | Active |
| Postal code | 9900 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0631/00Z000 | Flanders | 396 m² | 1 · 210 m² | 10.2 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
12-09-2022 Rosseel Yoika resigns as director
- Rosseel Yoika, Bestuurder
Technical details
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"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Rosseel Yoika",
"address": "Dorpstraat 76 bus 002 te 9980 Sint-Laureins",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": "2022-06-01",
"evidence_quote": "De bijzondere algemene vergadering d.d. 05 juli 2022 beslist met \u00E9\u00E9nparigheid van stemming het ontslag als bestuurder van mevrouw Rosseel Yoika, Dorpstraat 76 bus 002 te 9980 Sint-Laureins, goed te keuren en dit met ingang vanaf 1 juni 2022.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-09-12",
"filing_date": "2022-09-01",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2022-07-05",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0760.606.989",
"name_full": "BITTERBAL",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Davy Geirnaert",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Bitterbal |