Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Butterfly Stables from Grez-Doiceau, company number BE0794192745, closed financial year 2025 with a result of € -168,982 after tax. For that financial year Butterfly Stables recorded a gross margin of € 22,530 and equity of € -386,291. Compared with financial year 2024, the result moved from € -115,758 to € -168,982. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -386,291
▼ € 168,982 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -168,982
▼ 46 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,042
▲ 177% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -396,291.
People and assets in 2025
1.9
Average over the fiscal year, from the social balance sheet.
€ 80,967
▲ 11% vs 2024
€ 42,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 51,561
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 735,790
▼ 10% vs 2024
€ 24,831 is repaid this year. At this pace the long-term loan is gone in ≈ 30 years.
€ 24,860
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,570
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -37,828 | € 52,981 | € 22,530 | ▼ 57% |
| Profit after taxes | € -111,551 | € -115,758 | € -168,982 | ▼ € 53,223 |
| Equity | € -101,551 | € -217,309 | € -386,291 | ▼ € 168,982 |
| Total debts | € 663,328 | € 981,433 | € 1,131,255 | ▲ 15% |
| Cash | € 14,673 | € 2,178 | € 6,042 | ▲ 177% |
| Land & buildings | € 376,798 | - | € 18,400 | |
| Retained profit | € -111,551 | € -227,309 | € -396,291 | ▼ € 168,982 |
| Bank debt | € 250,000 | € 813,673 | € 735,790 | ▼ 10% |
| Balance sheet total | € 561,777 | € 764,124 | € 744,964 | ▼ 3% |
| Employees (FTE) | - | - | 1.9 |
Key figures of Butterfly Stables, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Butterfly Stables?
What happened at Butterfly Stables in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 168,982. Source: NBB ↗
- New establishment in Grez-Doiceau. KBO
- Kelly Pierre became a director. NBB
- Guy Pierre became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 111,551 loss in 2023 to € 168,982 loss in 2025.
On average € 11,900 of value added per employee in 2025.
A new publication or filing at Butterfly Stables? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Butterfly Stables are Guy Pierre and Kelly Pierre. The same people are also behind Butterfly Immo.
Directors
According to the 2025 annual accounts
since 2022
since 2023
Establishments
Establishment units
Physical locations of this company
Ruelle des Foins 110
1390 Grez-Doiceau
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0794.192.745
- VAT number
- BE 0794.192.745
- Registered office
- Ruelle des Foins 110, 1390 Grez-Doiceau
- Names & denominations
- Butterfly Stables
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 2022
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- [email protected]
- Activities · NACE
Fokken en houden van paarden en andere paardachtigen
Detailhandel in huisdieren, voer voor huisdieren en benodigdheden daarvoor
Groothandel in levende dieren, muv levend vee
Exploitatie van sportaccommodaties