SOFIE BYTTEBIER
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 18-09-2026 at the NBB all 22 filings
Turnover
≈ €120,000
Estimated: probably between €71,000 and €210,000
Total assets
€344,641▲ 4.2%
2025 · €330,765
Net result
€4,867▼ 80.2%
2025 · €24,627
Working capital
€47,337▼ 48.1%
2025 · €91,258
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€5,918
▼ 83.0%
2026
20192026
Net result
€4,867
▼ 80.2%
2026
20192026
Equity
€264,070
▼ 14.6%
2026
20192026
Total assets
€344,641
▲ 4.2%
2026
20192026
Debt
€80,570
▲ 274%
2026
20192026
Working capital
€47,337
▼ 48.1%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€21,152-€37,295▲ 76.3%€54,326▲ 45.7%€37,796▼ 30.4%€12,648▼ 66.5%€20,167▲ 59.4%€34,857▲ 72.8%€5,918▼ 83.0%
Net result€10,890-€26,547▲ 144%€34,911▲ 31.5%€22,046▼ 36.8%€7,783▼ 64.7%€14,226▲ 82.8%€24,627▲ 73.1%€4,867▼ 80.2%
Equity€189,476-€207,211▲ 9.4%€240,522▲ 16.1%€262,568▲ 9.2%€270,351▲ 3.0%€284,576▲ 5.3%€309,203▲ 8.7%€264,070▼ 14.6%
Total assets€253,378-€292,165▲ 15.3%€265,968▼ 9.0%€270,687▲ 1.8%€283,079▲ 4.6%€296,867▲ 4.9%€330,765▲ 11.4%€344,641▲ 4.2%
Debt€63,902-€84,954▲ 32.9%€25,446▼ 70.0%€8,119▼ 68.1%€12,729▲ 56.8%€12,291▼ 3.4%€21,562▲ 75.4%€80,570▲ 274%
Working capital-€15,834-€9,844€49,385▲ 402%€79,344▲ 60.7%€90,875▲ 14.5%€114,236▲ 25.7%€91,258▼ 20.1%€47,337▼ 48.1%
The operating result for 2026 is 83% lower than in 2025 and the lowest since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €344,641
Fixed assets
€216,948 ▼ 0.6%
Current assets
€127,692 ▲ 13.4%
Equity and liabilities €344,641
Equity
€264,070 ▼ 14.6%
Debt
€80,570 ▲ 274%
Debt's share of the balance-sheet total rises from 6.5% to 23.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28,155▼
2025 · €47,718
Cash flow
€27,104▼
2025 · €37,489
Current ratio
1.59▼
2025 · 5.28
Debt to equity
0.31▲
2025 · 0.07
ROE
1.8%▼
2025 · 8.0%
ROA
1.4%▼
2025 · 7.4%
Interest coverage
over 100
2025 · over 100
Debt ≤ 1 year
€80,355▲
2025 · €21,347
Income taxes
€2,378▼
2025 · €12,363
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 28-02-2022 | 28-02-2023 | 29-02-2024 | 28-02-2025 | 28-02-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €6,712 | - | €60,467 | €21,025 |
| Depreciation and write-downs of the year | €8,879 | €9,779 | €9,601 | €12,862 | €22,237 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,198 | €17,517 | €8,877 | €8,879 | €9,779 | €9,601 | €12,862 | €22,237 | ▲ 72.9% |
| Other operating charges640/8 | - | - | - | €1,815 | €1,824 | €1,967 | €1,842 | €1,380 | ▼ 25.1% |
| Gross operating margin9900 | €39,051 | €56,578 | €64,945 | €48,491 | €24,252 | €31,735 | €49,560 | €29,535 | ▼ 40.4% |
| Operating profit (loss)9901 | €21,152 | €37,295 | €54,326 | €37,796 | €12,648 | €20,167 | €34,857 | €5,918 | ▼ 83.0% |
| Financial income75/76B | - | - | - | €1 | €0 | €975 | €2,186 | €1,571 | ▼ 28.1% |
| Recurring financial income75 | €2 | - | €0 | €1 | €0 | €975 | €2,186 | €1,571 | ▼ 28.1% |
| Financial charges65/66B | - | - | - | €37 | €39 | €309 | €52 | €244 | ▲ 366% |
| Recurring financial charges65 | €4,112 | €2,196 | €885 | €37 | €39 | €309 | €52 | €244 | ▲ 366% |
| Profit (loss) for the period before taxes9903 | €17,042 | €35,099 | €53,442 | €37,760 | €12,609 | €20,833 | €36,990 | €7,245 | ▼ 80.4% |
| Income taxes67/77 | €6,152 | €8,552 | €18,531 | €15,714 | €4,827 | €6,607 | €12,363 | €2,378 | ▼ 80.8% |
| Profit (loss) for the period9904 | €10,890 | €26,547 | €34,911 | €22,046 | €7,783 | €14,226 | €24,627 | €4,867 | ▼ 80.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €10,222 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,890 | €26,547 | €36,276 | €32,268 | €7,783 | €14,226 | €24,627 | €4,867 | ▼ 80.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €253,378 | €292,165 | €265,968 | €270,687 | €283,079 | €296,867 | €330,765 | €344,641 | ▲ 4.2% |
| Fixed assets21/28 | €209,567 | €199,614 | €192,103 | €183,224 | €180,156 | €170,555 | €218,160 | €216,948 | ▼ 0.6% |
| Tangible fixed assets22/27 | €209,567 | €199,614 | €192,103 | €183,224 | €180,156 | €170,555 | €218,160 | €216,948 | ▼ 0.6% |
| Land and buildings22 | - | - | - | €179,355 | €172,348 | €165,342 | €158,335 | €151,328 | ▼ 4.4% |
| Furniture and vehicles24 | - | - | - | €874 | €5,813 | €4,219 | €57,343 | €44,230 | ▼ 22.9% |
| Other tangible fixed assets26 | - | - | - | €2,995 | €1,995 | €995 | €2,482 | €21,390 | ▲ 762% |
| Current assets29/58 | €43,811 | €92,550 | €73,865 | €87,464 | €102,923 | €126,312 | €112,605 | €127,692 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €10,202 | €14,772 | €9,267 | €8,079 | €20,124 | €13,230 | €13,048 | €42,760 | ▲ 228% |
| Trade receivables40 | - | - | - | €8,079 | €11,951 | €13,230 | €13,048 | €34,666 | ▲ 166% |
| Other amounts receivable41 | - | - | - | - | €8,173 | - | - | €8,094 | - |
| Current investments50/53 | - | - | - | - | - | €75,000 | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €31,480 | €74,088 | €59,284 | €77,692 | €79,854 | €35,035 | €48,458 | €33,809 | ▼ 30.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,692 | €2,945 | €3,047 | €1,098 | €1,124 | ▲ 2.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €253,378 | €292,165 | €265,968 | €270,687 | €283,079 | €296,867 | €330,765 | €344,641 | ▲ 4.2% |
| Equity10/15 | €189,476 | €207,211 | €240,522 | €262,568 | €270,351 | €284,576 | €309,203 | €264,070 | ▼ 14.6% |
| Contributions10/11 | €119,271 | - | - | €119,271 | €119,271 | €119,271 | €119,271 | €119,271 | = |
| Reserves13 | €70,205 | €87,940 | €121,251 | €143,297 | €151,080 | €165,306 | €189,933 | €144,800 | ▼ 23.8% |
| Non-distributable reserves130/1 | - | - | - | €11,927 | €11,927 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €11,927 | €11,927 | - | - | - | - |
| Distributable reserves133 | - | - | - | €131,370 | €139,153 | €165,306 | €189,933 | €144,800 | ▼ 23.8% |
| Amounts payable17/49 | €63,902 | €84,954 | €25,446 | €8,119 | €12,729 | €12,291 | €21,562 | €80,570 | ▲ 274% |
| Amounts payable within one year42/48 | €59,645 | €82,706 | €24,480 | €8,119 | €12,049 | €12,076 | €21,347 | €80,355 | ▲ 276% |
| Trade debts44 | €4,661 | €16,096 | €7,362 | €3,655 | €8,093 | €5,783 | €6,050 | €23,452 | ▲ 288% |
| Suppliers440/4 | - | - | - | €3,655 | €8,093 | €5,783 | €6,050 | €23,452 | ▲ 288% |
| Taxes, remuneration and social security45 | - | - | - | €1,041 | €285 | €1,571 | €6,949 | €232 | ▼ 96.7% |
| Taxes450/3 | - | - | - | €1,041 | €285 | €1,571 | €6,949 | €232 | ▼ 96.7% |
| Other amounts payable47/48 | - | - | - | €3,423 | €3,670 | €4,722 | €8,348 | €56,671 | ▲ 579% |
| Accrued charges and deferred income492/3 | - | - | - | - | €680 | €215 | €215 | €215 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,890 | €26,547 | €34,911 | €22,046 | €7,783 | €14,226 | €24,627 | €4,867 | ▼ 80.2% |
| + Depreciation and write-downs630 | €16,198 | €17,517 | €8,877 | €8,879 | €9,779 | €9,601 | €12,862 | €22,237 | ▲ 72.9% |
| Operating cash flow (approximation) | €27,088 | €44,065 | €43,788 | €30,926 | €17,562 | €23,827 | €37,489 | €27,104 | ▼ 27.7% |
| Investment in fixed assets (approximation) | - | -€7,565 | -€1,366 | €0 | -€6,712 | €0 | -€60,467 | -€21,025 | ▲ 65.2% |
| Change in cash | - | €42,607 | -€14,804 | €18,408 | €2,162 | -€44,819 | €13,423 | -€14,649 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as SOFIE BYTTEBIER has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOFIE BYTTEBIER itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for SOFIE BYTTEBIER. 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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 28-02-2026 | micro format | 18-09-2026 | 2026-00515949 | |
| 28-02-2025 | micro format | 20-06-2025 | 2025-00161461 | |
| 29-02-2024 | micro format | 29-08-2024 | 2024-00391783 | |
| 28-02-2023 | micro format | 31-08-2023 | 2023-00404093 | |
| 28-02-2022 | micro format | 01-09-2022 | 2022-20386506 | |
| 28-02-2021 | micro format | 27-08-2021 | 2021-55100577 | |
| 29-02-2020 | micro format | 02-10-2020 | 2020-58600237 | |
| 28-02-2019 | micro format | 13-08-2019 | 2019-46200532 | |
| 28-02-2018 | micro format | 30-08-2018 | 2018-54300113 | |
| 28-02-2017 | micro format | 20-09-2017 | 2017-61700085 |