Butterfly
Bankruptcy closedOverview
Activity
Activity not known
Size
€12,027total assets 2022
- Equity
- -€28,343
- Profit
- €3,753
Turnover not published (abridged schema)
Financial health
Bankruptcy closed: no score
Structure
Accounts 797 d overdue0 of 2 deeds read
Signals- Bankruptcy closedFiled after the deadlineShow the evidence
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-09-2023, 44 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2024
not filed
2023
not filed
2022
44 d late
2021
39 d early
2020
32 d early
2019
63 d late
2018
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 11 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)
- Bankruptcy closure (by liquidation)Ondernemingsrechtbank Gent, afdeling Gent ·…
- Annual accounts filedfiscal year 2022 · micro…
- Back to profitnet €3,753
Financials · fiscal year 2022, micro schema
Turnover
€17,487▼ 48.1%
2020 · €33,693
EBIT margin
0.0%▲ 11.0pp
2020 · -11.0%
Net result
€3,753
2021 · -€109
Working capital
€7,860
2021 · -€34,841
Trend over the years
2018 to 2022, 5 fiscal years 2018 to 2022, 5 fiscal years
After the dip in 2019 the operating result has climbed three years in a row; 2022 is 424,842% above 2021 and is the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€17,487
2021
Operating result€3,952
2022
Net result€3,753
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€12,027
2022
Equity-€28,343
2022
Debt€40,370
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€7,860
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.0%
2021
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€145,537-€33,693€17,487▼ 48.1%
Operating result-€5,278--€13,395▼ 154%-€3,697▲ 72.4%€1€3,952▲ 424,842%
Net result-€5,094--€14,484▼ 184%-€3,725▲ 74.3%-€109▲ 97.1%€3,753
EBIT margin-3.6%--11.0%0.0%▲ 11.0pp
Equity-€13,778--€28,263▼ 105%-€31,988▼ 13.2%-€32,097▼ 0.3%-€28,343▲ 11.7%
Total assets€59,860-€11,154▼ 81.4%€10,182▼ 8.7%€7,787▼ 23.5%€12,027▲ 54.4%
Debt€73,638-€39,418▼ 46.5%€42,170▲ 7.0%€39,884▼ 5.4%€40,370▲ 1.2%
Working capital-€24,478--€34,461▼ 40.8%€303-€34,841€7,860
Staff (FTE)0.8-
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €12,027
Fixed assets
€1,078 ▼ 60.7%
Current assets
€10,949 ▲ 117%
Equity and liabilities
Equity-€28,343
Debt€40,370
Equity is negative: debt (€40,370) exceeds the balance-sheet total (€12,027).
Key figures and ratios
EBITDA
€5,619▲
2021 · €1,668
Cash flow
€5,420▲
2021 · €1,558
Solvency
-235.7%▲
2021 · -412.2%
Current ratio
3.54▲
2021 · 0.13
ROA
31.2%▲
2021 · -1.4%
Interest coverage
86.73▲
2021 · 31.51
Debt ≤ 1 year
€3,089▼
2021 · €39,884
Income taxes
€134▲
2021 · €57
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.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €145,537 | - | €33,693 | €17,487 | - | - |
| Non-recurring operating income76A | - | - | - | - | €18,527 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €16,276 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,043 | €5,043 | €3,107 | €1,667 | €1,667 | = |
| Other operating charges640/8 | - | - | - | €1,108 | €957 | ▼ 13.6% |
| Gross operating margin9900 | €36,758 | €10,688 | €1,718 | €2,775 | €6,575 | ▲ 137% |
| Operating profit (loss)9901 | -€5,278 | -€13,395 | -€3,697 | €1 | €3,952 | ▲ 424,842% |
| Recurring financial income75 | €282 | €27 | €7 | - | - | - |
| Financial charges65/66B | - | - | - | €53 | €65 | ▲ 22.4% |
| Recurring financial charges65 | €98 | €1,117 | - | €53 | €65 | ▲ 22.4% |
| Profit (loss) for the period before taxes9903 | -€5,094 | -€14,484 | -€3,691 | -€52 | €3,887 | ▲ 7,575% |
| Income taxes67/77 | - | - | €34 | €57 | €134 | ▲ 134% |
| Profit (loss) for the period9904 | -€5,094 | -€14,484 | -€3,725 | -€109 | €3,753 | ▲ 3,540% |
| Profit (loss) for the period to be appropriated9905 | -€5,094 | -€14,484 | -€3,725 | -€109 | €3,753 | ▲ 3,540% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,860 | €11,154 | €10,182 | €7,787 | €12,027 | ▲ 54.4% |
| Fixed assets21/28 | €11,240 | €6,198 | €8,091 | €2,744 | €1,078 | ▼ 60.7% |
| Tangible fixed assets22/27 | €7,560 | €2,518 | €4,411 | €2,744 | €1,078 | ▼ 60.7% |
| Furniture and vehicles24 | - | - | - | €2,744 | €1,078 | ▼ 60.7% |
| Financial fixed assets28 | €3,680 | €3,680 | €3,680 | - | - | - |
| Current assets29/58 | €48,620 | €4,957 | €2,092 | €5,043 | €10,949 | ▲ 117% |
| Stocks and contracts in progress3 | €479 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €44,017 | €714 | €1,541 | €1,764 | €3,371 | ▲ 91.1% |
| Trade receivables40 | - | - | - | €1,764 | €3,371 | ▲ 91.1% |
| Cash at bank and in hand54/58 | €2,602 | €4,243 | €550 | €3,279 | €7,579 | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,860 | €11,154 | €10,182 | €7,787 | €12,027 | ▲ 54.4% |
| Equity10/15 | -€13,778 | -€28,263 | -€31,988 | -€32,097 | -€28,343 | ▲ 11.7% |
| Contributions10/11 | €7,500 | €7,500 | - | €7,500 | €7,500 | = |
| Reserves13 | €17,725 | €17,725 | €17,725 | €17,725 | €17,725 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €15,865 | €15,865 | = |
| Profit (loss) carried forward14 | -€39,004 | -€53,488 | -€57,213 | -€57,322 | -€53,568 | ▲ 6.5% |
| Amounts payable17/49 | €73,638 | €39,418 | €42,170 | €39,884 | €40,370 | ▲ 1.2% |
| Amounts payable within one year42/48 | €73,098 | €39,418 | €1,789 | €39,884 | €3,089 | ▼ 92.3% |
| Trade debts44 | €17,626 | €1,441 | €1,202 | €1,078 | €2,235 | ▲ 107% |
| Suppliers440/4 | - | - | - | €1,078 | €2,235 | ▲ 107% |
| Taxes, remuneration and social security45 | - | - | - | €1,159 | €855 | ▼ 26.3% |
| Taxes450/3 | - | - | - | €1,159 | €855 | ▼ 26.3% |
| Other amounts payable47/48 | - | - | - | €37,647 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €37,281 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,094 | -€14,484 | -€3,725 | -€109 | €3,753 | ▲ 3,540% |
| + Depreciation and write-downs630 | €5,043 | €5,043 | €3,107 | €1,667 | €1,667 | = |
| Operating cash flow (approximation) | -€51 | -€9,442 | -€618 | €1,558 | €5,420 | ▲ 248% |
| Investment in fixed assets (approximation) | - | €0 | -€5,000 | €3,680 | €0 | ▼ 100% |
| Change in cash | - | €1,641 | -€3,693 | €2,729 | €4,300 | ▲ 57.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2026
24-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 21-04-2026
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
31-12
Financial
Back to profitnet €3,753
Net result €3,753 after 4 loss-making years.
31-12
Financial
Liquidity times 28current ratio 3.54
Current ratio from 0.13 to 3.54; short-term debt falls from €39,884 to €3,089.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 9current ratio 1.17
Current ratio from 0.13 to 1.17; short-term debt falls from €39,418 to €1,789.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
31-12
Financial
Weakest financial yearnet -€14,484
Net result drops to -€14,484, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
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.
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded06-07-2010
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 5 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Aalter
Ground area
781 m²
Building footprint
95 m²
Volume, LiDAR
466 m³
Parcel 44009D0040/00D000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44009D0040/00D000 | Flanders | 781 m² | 1 · 95 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.