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BTWEENX

Active
Private limited companyfounded 2021active for 5 yearsBischoffsheimlaan 15, 1000 Brussel, Belgium60 active companies are registered at this addressKBO/BCE: BE 0771.561.655
Summary

The computed 12-month bankruptcy probability of BTWEENX is 3.0% (moderate). The 2024 annual accounts show negative equity (-€32,330) and a net result of -€21,985. Its solvency ranks better than 5% of 37,586 sector peers (NACE 70, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€28,806total assets 2024
Equity
-€32,330
Loss
-€21,985
Turnover not published (micro format)
Financial health
48 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.0%
Structure
  • BAGULA SAMUELDirector
2025 accounts not filed, 92 days past the deadline2 of 3 deeds summarised
Why 48raises risk1 financial year not filed after the legal deadline; last filed accounts filed 153 days late; 2 of the last 3 lateFigures for financial year 2024 (filed 09-01-2026)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €28,806Show the evidence

Checked score

Score 2024
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 4% of its sector peers (NACE 70, micro)
Financial strength · tick = 2022
Weak
Solvency 0-16
equity -112.2% of total assets
Liquidity 10+9
short-term debt 212.2% · cash 8.3%
Profitability 0=
return on assets -76.3%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,501 companies, NACE 70, micro)
Last 24 months 11-2024: 8.0% 12-2024: 9.0%▲ +1.0 percentage point vs 11-2024 01-2025: 10.8%▲ +1.8 percentage points vs 12-2024 02-2025: 10.8%● unchanged vs 01-2025 03-2025: 10.9%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 10.1%▼ -0.8 percentage points vs 03-2025 05-2025: 10.1%● unchanged vs 04-2025 06-2025: 10.0%▼ -0.1 percentage points vs 05-2025 07-2025: 7.3%▼ -2.7 percentage points vs 06-2025 08-2025: 9.3%▲ +2.0 percentage points vs 07-2025 09-2025: 9.3%● unchanged vs 08-2025 10-2025: 9.3%● unchanged vs 09-2025 11-2025: 9.3%● unchanged vs 10-2025 12-2025: 9.3%● unchanged vs 11-2025 01-2026: 9.3%● unchanged vs 12-2025 02-2026: 1.6%▼ -7.7 percentage points vs 01-2026 03-2026: 1.6%● unchanged vs 02-2026 04-2026: 1.6%● unchanged vs 03-2026 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.6%● unchanged vs 05-2026 07-2026: 1.5%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 1.9%▲ +0.4 percentage points vs 07-2026 09-2026: 2.1%▲ +0.2 percentage points vs 08-2026 10-2026: 3.0%▲ +0.9 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.26, compared with 0.15 in 2022, below 1; short-term debt: 212.2% and cash: 8.3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 3% on solvency, 5% on liquidity and 4% on profitability.

The bankruptcy probability was computed on 30-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 153 days late; 2 of the last 3 late
NBB · filings
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Figures for financial year 2024 (filed 09-01-2026)
NBB · annual accounts
lowers risk · Size: total assets €28,806
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2224
2022 to 2024 · latest year -€32,330
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 92 days later.
NBB · 2 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline31-10-2026 today
raises risk · 2024 accounts filed 153 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
153 days late
2022
254 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 204 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2022 · micro…
  3. Resignation: Ntamako Angalikiana Jeannine (director)Registered-office move

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 31 October 2026.

Equity
-€32,330▼ 1,690%
2022 · -€1,806
Total assets
€28,806▲ 36.6%
2022 · €21,088
Net result
-€21,985▼ 608%
2022 · -€3,106
Working capital
-€45,026▼ 131%
2022 · -€19,460
Trend over the years

2022 to 2024, 2 financial years

The operating result is -€17,583 in 2024, compared with -€2,963 in 2022. Comparable figures for the intervening years are unavailable.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€17,583 2024 Net result-€21,985 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Available amounts per financial year
Line20222024
Operating result-€2,963--€17,583-
Net result-€3,106below the sector's middle half--€21,985below the sector's middle half-
Equity-€1,806below the sector's middle half--€32,330below the sector's middle half-
Total assets€21,088below the sector's middle half-€28,806below the sector's middle half-
Debt€22,894-€61,135-
Working capital-€19,460below the sector's middle half--€45,026below the sector's middle half-
Solvency-8.6%below the sector's middle half--112.2%below the sector's middle half-
Current ratio0.15below the sector's middle half-0.26below the sector's middle half-
Return on assets (ROA)-14.7%below the sector's middle half--76.3%below the sector's middle half-
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €28,806
Fixed assets €12,696 ▼ 28.1%
Current assets €16,109 ▲ 369%
Equity and liabilities
Equity-€32,330
Debt€61,135
Equity is negative: debt (€61,135) exceeds the balance-sheet total (€28,806).
Key figures and ratios
2024 value · change against 2022
EBITDA
-€14,252▼
2022 · -€2,900
Cash flow
-€18,654▼
2022 · -€3,043
Interest coverage
-3.42▲
2022 · -20.10
Debt ≤ 1 year
€61,135▲
2022 · €22,894
Income taxes
€229
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83.0% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,007 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2022 · 38 lines
Balance sheet Code20222024
Assets
Total assets20/58€21,088€28,806▲
Fixed assets21/28€17,654€12,696▼
Tangible fixed assets22/27€16,065€10,672▼
Furniture and vehicles24€728€201▼
Leasing and similar rights25-€10,471
Assets under construction and advance payments27€15,337-
Financial fixed assets28€1,589€2,024▲
Current assets29/58€3,434€16,109▲
Amounts receivable within one year40/41€3,332€13,732▲
Trade receivables40€3,332€13,317▲
Other amounts receivable41-€415
Cash at bank and in hand54/58€103€2,378▲
Equity and liabilities
Total equity and liabilities10/49€21,088€28,806▲
Equity10/15-€1,806-€32,330▼
Contributions10/11€1,300€1,300=
Profit (loss) carried forward14-€3,106-€33,630▼
Amounts payable17/49€22,894€61,135▲
Amounts payable within one year42/48€22,894€61,135▲
Trade debts44€1,371€5,055▲
Suppliers440/4€1,371€5,055▲
Taxes, remuneration and social security45€166€340▲
Taxes450/3€166€340▲
Other amounts payable47/48€21,357€55,740▲
Income statement Code20222024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63€3,331▲
Other operating charges640/8€35-
Non-recurring operating charges66A€139€300▲
Gross operating margin9900-€2,727-€13,952▼
Operating profit (loss)9901-€2,963-€17,583▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€144€4,173▲
Recurring financial charges65€144€4,173▲
Profit (loss) for the period before taxes9903-€3,106-€21,756▼
Income taxes67/77-€229
Profit (loss) for the period9904-€3,106-€21,985▼
Profit (loss) for the period to be appropriated9905-€3,106-€21,985▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,106-€33,630▼
Profit (loss) brought forward from the previous period14P--€11,645

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63€3,331-
Other operating charges640/8€35--
Non-recurring operating charges66A€139€300-
Gross operating margin9900-€2,727-€13,952-
Operating profit (loss)9901-€2,963-€17,583-
Financial income75/76B€2--
Recurring financial income75€2--
Financial charges65/66B€144€4,173-
Recurring financial charges65€144€4,173-
Profit (loss) for the period before taxes9903-€3,106-€21,756-
Income taxes67/77-€229-
Profit (loss) for the period9904-€3,106-€21,985-
Profit (loss) for the period to be appropriated9905-€3,106-€21,985-
Line20222024Change
Assets
Total assets20/58€21,088€28,806-
Fixed assets21/28€17,654€12,696-
Tangible fixed assets22/27€16,065€10,672-
Furniture and vehicles24€728€201-
Leasing and similar rights25-€10,471-
Assets under construction and advance payments27€15,337--
Financial fixed assets28€1,589€2,024-
Current assets29/58€3,434€16,109-
Amounts receivable within one year40/41€3,332€13,732-
Trade receivables40€3,332€13,317-
Other amounts receivable41-€415-
Cash at bank and in hand54/58€103€2,378-
Equity and liabilities
Total equity and liabilities10/49€21,088€28,806-
Equity10/15-€1,806-€32,330-
Contributions10/11€1,300€1,300-
Profit (loss) carried forward14-€3,106-€33,630-
Amounts payable17/49€22,894€61,135-
Amounts payable within one year42/48€22,894€61,135-
Trade debts44€1,371€5,055-
Suppliers440/4€1,371€5,055-
Taxes, remuneration and social security45€166€340-
Taxes450/3€166€340-
Other amounts payable47/48€21,357€55,740-
Line20222024Change
Profit (loss) for the period9904-€3,106-€21,985-
+ Depreciation and write-downs630€63€3,331-
Operating cash flow (approximation)-€3,043-€18,654-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2024 micro format 31-12-2025 2026-00004941
31-12-2022 micro format 10-04-2024 2024-00063089

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 82,509 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,646. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2023
BAGULA SAMUEL
Director · from a recent deed
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 3 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2022, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
BAGULA SAMUELfrom an act
  • Director, since before 26-06-2023
Ntamako Angalikiana Jeannine
  • Director, from 29-08-2022 to 26-06-2023
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

BTWEENX was incorporated on 19 July 2021 as a private limited company.1 The registered office was moved to Bruxelles in 2023.2 Total assets rose from €21,088 in 2022 to €28,806 in 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 26-06-2023
  3. 3National Bank, annual accounts 2022 and 2024

Acts, filings and financial milestones

2025
31-12
NBB filing Annual accounts filed
financial year 2024 · micro format · 153 days late
2024
10-04
NBB filing Annual accounts filed
financial year 2022 · micro format · 254 days late
2023
26-06
Gazette deed Resignation: Ntamako Angalikiana Jeannine (director)
Registered-office move4 facts ▸
  • General meeting, 01-03-2023
  • Director resignation, Ntamako Angalikiana Jeannine (director)
  • Registered-office move, 1000 Bruxelles, Boulevard Bischoffsheim 15
  • Director in office, BAGULA SAMUEL (director)
2022
29-08
Gazette deed Appointment: NTAMAKO ANGALIKIANA JEANNINE (director)
2 facts ▸
  • General meeting, 02-07-2022
  • Director appointment, NTAMAKO ANGALIKIANA JEANNINE (director)
Gazette deedNBB filing
2 of 3 deeds read
About the unread acts

Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded19-07-2021
Financial year end31-12
Abbreviation FR BTWx
Activities, NACEBEL 2025
70200Business and other management consultancy
74209Other photographic activities
74991Agents and managers of artists, athletes and other public figures
90111Literary creation
90399Other support activities for arts and performing arts
E-invoicing
Reachable via Peppol
Peppol ID 0208:0771561655
Also 9925:BE0771561655
Registered 31-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
7,874 m²
Building footprint
5,868 m²
Building volume
153,287 m³
2 parcels, Brussels · tallest building 45.8 m. Linked by address, not a title deed.
60 companies at this address See who is registered here
1 establishment unit
BTWEENX
Louizalaan 231, 1050 ElseneBusiness and other management consultancy
since 2021unit no. 2.334.305.493
2 parcels
Brussels 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
21807G0131/00T000 Brussels 5,672 m² 1 · 3,878 m² 45.8 m · 8
21803C0336/00E000 Brussels 2,202 m² 1 · 1,990 m² 44.3 m · 12
How the parcels are linked
Good to know
Both parcels match the address exactly.