Firebug

Active

Private limited companyfounded 20215 yrs activeVan Eycklaan 11, 9990 Maldegem, BelgiumKBO/BCE: BE 0761.628.954

The computed 12-month bankruptcy probability of Firebug is 2.7% (moderate). The 2025 annual accounts show negative equity (€-23k) and a net result of €-15k. Equity is shrinking by ~92.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 17964 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

33 / 100

Weak▲ +26 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency37▼-2

Growth32=

Stability94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.68 against 0.74 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

-5.5%

Return on assets

-3.6%

Age of the figures

17 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

22232425

2022 to 2025 · latest year -€23k

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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 · 4 filings

Deviation from the deadline

2025

28 d late

2024

60 d late

2023

21 d late

2022

30 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close12-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-23k▼ 192%

2024 · €-8k

2022: €41k 2023: €26k 2024: €-8k

2022 → 2025

Total assets

€427k▲ 28.1%

2024 · €333k

2022: €307k 2023: €323k 2024: €333k

2022 → 2025

Net result

€-15k▲ 55.4%

2024 · €-34k

2022: €36k 2023: €-15k 2024: €-34k

2022 → 2025

Working capital

€-138k▼ 68.9%

2024 · €-82k

2022: €7k 2023: €-9k 2024: €-82k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€41k-€26k▼ 35.9%€-8k€-23k▼ 192%

Operating result€51k-€-12k€-33k▼ 171%€-13k▲ 60.5%

Net result€36k-€-15k€-34k▼ 132%€-15k▲ 55.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €13k in 2025 against €33k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €427k

31.2%

68.8%

Fixed assets €133k▲ 38.5%

Current assets €294k▲ 23.9%

Key figures and ratios

2025 value · change against 2024

EBITDA

€25k▲

2024 · €-10k

Cash flow

€23k▲

2024 · €-12k

Solvency

-5.5%▼

2024 · -2.4%

Current ratio

0.68▼

2024 · 0.74

Quick ratio

0.26▲

2024 · 0.15

Debt / equity

-19.32▲

2024 · -42.78

ROE

65.8%▼

2024 · 431.0%

ROA

-3.6%▲

2024 · -10.3%

Interest coverage

8.57▲

2024 · -4.08

Debt

€450k▲

2024 · €341k

Debt ≤ 1 year

€432k▲

2024 · €319k

Debt > 1 year

€18k▼

2024 · €22k

Income taxes

€118

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€333k€427k▲

Fixed assets21/28€96k€133k▲

Intangible fixed assets21€8k€6k▼

Tangible fixed assets22/27€88k€127k▲

Land and buildings22€5k€3k▼

Plant, machinery and equipment23€46k€61k▲

Furniture and vehicles24€29k€58k▲

Leasing and similar rights25€9k€5k▼

Current assets29/58€237k€294k▲

Stocks and contracts in progress3€190k€179k▼

Stocks30/36€190k€179k▼

Amounts receivable within one year40/41€39k€78k▲

Trade receivables40€39k€78k▲

Other amounts receivable41€260-

Cash at bank and in hand54/58€4k€35k▲

Deferred charges and accrued income490/1€4k€1k▼

Equity and liabilities

Total equity and liabilities10/49€333k€427k▲

Equity10/15€-8k€-23k▼

Contributions10/11€5k€5k=

Reserves13€36k€36k=

Distributable reserves133€36k€36k=

Profit (loss) carried forward14€-49k€-64k▼

Amounts payable17/49€341k€450k▲

Amounts payable after more than one year17€22k€18k▼

Financial debts170/4€22k€18k▼

Amounts payable within one year42/48€319k€432k▲

Current portion of amounts payable after more than one year42€5k€5k▲

Trade debts44€25k€34k▲

Suppliers440/4€25k€34k▲

Advances received on contracts in progress46€15k€54k▲

Taxes, remuneration and social security45€2k€4k▲

Taxes450/3€2k€4k▲

Other amounts payable47/48€272k€335k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€38k▲

Other operating charges640/8€367€922▲

Gross operating margin9900€-10k€26k▲

Operating profit (loss)9901€-33k€-13k▲

Financial income75/76B€908€662▼

Recurring financial income75€908€662▼

Financial charges65/66B€3k€3k▲

Recurring financial charges65€3k€3k▲

Profit (loss) for the period before taxes9903€-34k€-15k▲

Income taxes67/77-€118

Profit (loss) for the period9904€-34k€-15k▲

Profit (loss) for the period to be appropriated9905€-34k€-15k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-49k€-64k▼

Profit (loss) brought forward from the previous period14P€-15k€-49k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-10-2026

2025

28-11

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2024

30-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

31-03

Financial Weakest financial yearnet €-34k

Net result drops to €-34k, the lowest in the series; recovery starts the following year.

2023

21-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2022

30-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It 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.

Directors · office · real estate

Directors

1 act for this company is 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, Maldegem · 1 establishment unit since 2021

exact location from the address register On OpenStreetMap

Ground area

823 m²

Building footprint

38 m²

Volume, LiDAR

116 m³

Parcel 43503H1007/00B004, Flanders · tallest building 4.2 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Elke Dag BBQ

Van Eycklaan 11, 9990 MaldegemAgents in the wholesale of food, beverages and tobacco

since 20212.311.983.815

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
43503H1007/00B004	Flanders	823 m²	1 · 38 m²	4.2 m · 1 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.

Similar companies · same sector, comparable size

ERRA

BE 0820.709.575

Knokke-Heist · Eq €26k

Knokke-Heist · Eq €25k

Of 1,042 companies in sector 47559 we hold annual accounts for 345. 258 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-01-2021

Fiscal year end31-03

Activities, NACEBEL

47559Retail sale of other household articles

47599Retail trade

46494Wholesale of non-electrical household articles

47120Other non-specialised retail sale

47910Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.