Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 3% of them on solvency, 8% on liquidity, 4% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,639 companies had the same profile as BuzzBITe has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BuzzBITe itself is lower: 0.4% within 12 months. It rests on far more data about BuzzBITe than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for BuzzBITe. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.16 (0.24 in 2024), below 1. Short-term debt is 560.1% and cash 16.3% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 29 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BuzzBITe Geel | €15,987 | -€21,719 | -460.1% | - |
| NHasbest Antwerp | €19,147 | -€4,380 | -36.7% | - |
| Adesso Admin Waregem | €17,761 | -€1,445 | 56.8% | - |
| LOUIS HASPESLAGH Dentergem | €19,626 | -€33,131 | 97.5% | - |
| MD Global Invest Amblève | €21,853 | -€1,124 | 74.4% | - |
| Phina Consultancy Zandhoven | €17,308 | -€2,195 | 89.2% | - |
| Ki-Ja Dessel | €20,763 | €212 | 8.6% | - |
These companies have the same main activity as BuzzBITe: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €17,300 and €21,900, founded between 2022 and 2024.
BuzzBITe files the micro format. That format states no turnover. The gross margin fell from -€16,239 in 2023 to -€21,719 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 39,368 companies in 2025.
Lower than 95% of 38,051 companies in 2025.
Lower than 95% of 38,523 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
15,987 | 17,101 | 20,202 | |
21/28 |
1,650 | 1,496 | 761 | |
22/27 |
1,650 | 1,496 | 761 | |
23 |
818 | 1,037 | - | |
24 |
832 | 459 | 761 | |
29/58 |
14,337 | 15,605 | 19,441 | |
40/41 |
4,856 | 2,473 | 3,042 | |
41 |
4,856 | 2,473 | 3,042 | |
54/58 |
2,603 | 4,005 | 4,969 | |
490/1 |
6,878 | 9,127 | 11,429 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
15,987 | 17,101 | 20,202 | |
10/15 |
-73,554 | -47,258 | -17,113 | |
10/11 |
2,500 | 2,500 | 2,500 | |
14 |
-76,054 | -49,758 | -19,613 | |
17/49 |
89,541 | 64,359 | 37,315 | |
42/48 |
89,541 | 64,359 | 37,315 | |
44 |
1,439 | 1,426 | 1,389 | |
440/4 |
1,439 | 1,426 | 1,389 | |
45 |
267 | 83 | 66 | |
450/3 |
267 | 83 | 66 | |
47/48 |
87,835 | 62,849 | 35,860 | |
| Income statement | ||||
9900 |
-21,719 | -25,160 | -16,239 | |
630 |
755 | 464 | 147 | |
640/8 |
186 | 182 | - | |
9901 |
-22,660 | -25,806 | -16,385 | |
75/76B |
0 | 121 | - | |
75 |
0 | 121 | - | |
65/66B |
3,453 | 4,377 | 3,161 | |
65 |
3,453 | 4,377 | 3,161 | |
9903 |
-26,113 | -30,062 | -19,547 | |
67/77 |
183 | 83 | 66 | |
9904 |
-26,296 | -30,145 | -19,613 | |
9905 |
-26,296 | -30,145 | -19,613 | |
| Appropriation of the result | ||||
9906 |
-76,054 | -49,758 | -19,613 | |
14P |
-49,758 | -19,613 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-06-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -21,904 | -25,341 | -16,239 | ||
| -25,540 | -29,681 | -19,466 | ||
| 909 | 1,199 | 908 | ||
| -1,403 | -964 | - | ||
| -75,204 | -48,754 | -17,874 | ||
| -460.1% | -276.3% | -84.7% | ||
| 0.16 | 0.24 | 0.52 | ||
| -164.5% | -176.3% | -97.1% | ||
| -6.34 | -5.79 | -5.14 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €909 | €1,199 | €908 |
| €755 | €464 | €147 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €22,660, smaller than the loss of €25,806 in 2024.
Equity is negative. Debt (€89,541) exceeds the balance-sheet total (€15,987).
BuzzBITe has no parent and no holdings in its annual accounts. BuzzBITe shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Stelen 50 registered office 2440 Geel | 30-03-2023 | 2.343.724.391 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13375M0971/00B002 | 898 m² | 1 · 245 m² | 11.2 m · 2 |
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