Wireflies
Wireflies is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €15k and a net result of €-8k. Equity is shrinking by ~29.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 95% of 7837 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €15k |
| Net result | €-8k |
| Better than sector | 95% |
| Active | 8 yrs |
Mixed profile: strong on solvency, weaker on profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 100.0% | 51.3% | |
| Net result | €-8k | €33k | |
| Equity | €15k | €132k | |
| Gross operating margin | €-9k | €63k | |
| Total assets | €15k | €337k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a |
| Net profit | €-8k | €-18k | €-2k | €9k |
| Cash flow | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - |
| Income taxes | €0 | €-113 | €0 | €113 |
| Dividends | - | - | - | - |
| Total assets | €15k | €33k | €41k | €43k |
| Equity | €15k | €23k | €41k | €43k |
| Debt | €0 | €10k | €253 | €593 |
| of which ≤ 1y | €0 | €10k | €253 | €593 |
| of which > 1y | - | - | - | - |
| Working capital | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a |
| Solvency | 100.0% | 68.8% | 99.4% | 98.6% |
| Debt / equity | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a |
| ROA | -53.1% | -53.1% | -4.4% | 21.9% |
| ROE | -53.1% | -77.2% | -4.4% | 22.2% |
| EBITDA margin | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €15k | €33k | €41k | €43k |
| Fixed assets | 21/28 | €634 | €1k | €0 | €256 |
| Tangible fixed assets | 22/27 | €634 | €1k | €0 | €256 |
| Current assets | 29/58 | €14k | €32k | €41k | €43k |
| Amounts receivable within one year | 40/41 | €5k | €28k | €41k | €30k |
| Cash & bank | 54/58 | €9k | €4k | €392 | €12k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €15k | €33k | €41k | €43k |
| Equity | 10/15 | €15k | €23k | €41k | €43k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €51k | €51k | €51k | €51k |
| Accumulated profits (losses) | 14 | €-48k | €-40k | €-23k | €-21k |
| Amounts payable | 17/49 | €0 | €10k | €253 | €593 |
| Amounts payable within one year | 42/48 | €0 | €10k | €253 | €593 |
| Trade debts payable within one year | 44 | - | - | €0 | €33 |
| Income statement | |||||
| Gross operating margin | 9900 | €-9k | €-20k | €-3k | €20k |
| Operating result | 9901 | €-9k | €-20k | €-4k | €9k |
| Financial income | 75 | €2k | €3k | €2k | €2k |
| Financial charges | 65 | €216 | €214 | €151 | €940 |
| Result before taxes | 9903 | €-8k | €-18k | €-2k | €10k |
| Income taxes | 67/77 | €0 | €-113 | €0 | €113 |
| Net result for the period | 9904 | €-8k | €-18k | €-2k | €9k |
| Result to be appropriated | 9905 | €-8k | €-18k | €-2k | €9k |
-
Koen PhilippaertsDirectorState Gazette act 24108189 (17-07-2024)Current31-05-2024 → present
2 events
- 31-05-2024 Appointed· Director
- 31-12-2022 Resigned· Director
-
Godelieve ScheepersDirectorState Gazette act 23053921 (20-04-2023)Current31-12-2022 → present
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 31-07-2018 |
| Status | Active |
| Postal code | 3550 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462C0068/00L003 | Flanders | 1,080 m² | 1 · 234 m² | 4.3 m · 1 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-07-2024 2 directors appointed
- Koen Philippaerts, Bestuurder
- BV Vanhaecke, Devriendt & Rosseel, Dagelijks bestuur
Technical details
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"co_filed_documents": [
"het verslag van het bestuursorgaan dd. 03/06/2024",
"de notulen van de bijzondere algemene vergadering dd. 03/06/2024"
],
"corrected_publication_numac": null
}20-04-2023 1 director appointed, 1 resigning
- Godelieve Scheepers, Bestuurder
- Koen Philippaerts, Bestuurder
Technical details
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}| Legal nameNL | Wireflies |