ACTIVE

BUTTERFLY EFFECT

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Financial year 2025 · closed on 31/12/2025

Net result

9,4 k €

+153.9% YoY

Gross margin

22,5 k €

+207.0% YoY

Equity

122,5 k €

+8.3% YoY

Workforce

0,0 ETP

What does BUTTERFLY EFFECT do?

BUTTERFLY EFFECT is a Private limited company incorporated in 2010. Its main activity is: Computer consultancy activities. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0826.538.978

Incorporation

10/06/2010

Legal form

Private limited company

Registered office

Rue G.J. Martin 46
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores+6

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	22,5 k €	+207%	7,3 k €	-54.8%	16,2 k €	+96.7%	8,2 k €	+37.8%	6 k €	-25.6%	8 k €	-76.7%	34,5 k €	+15.7%	29,8 k €	-32.1%	43,9 k €	-12.2%	50 k €	+97.0%	25,4 k €	+69.3%	15 k €	-60.4%	37,8 k €	+469%	6,6 k €
EBITDA	17,6 k €	+180%	6,3 k €	-58.6%	15,2 k €	+112%	7,2 k €	+45.4%	4,9 k €	-31.1%	7,2 k €	-78.2%	32,8 k €	+14.9%	28,5 k €	-33.9%	43,1 k €	-12.9%	49,5 k €	+99.2%	24,9 k €	+74.2%	14,3 k €	-60.9%	36,5 k €	+449%	6,6 k €
Operating result	12,4 k €	+119%	5,6 k €	-60.0%	14,1 k €	+225%	4,4 k €	+88.7%	2,3 k €	+323%	-1 k €	-104%	26,9 k €	+18.8%	22,6 k €	-36.7%	35,7 k €	-13.2%	41,2 k €	+144%	16,9 k €	+166%	6,3 k €	-78.0%	28,8 k €	+420%	5,5 k €
Net result	9,4 k €	+154%	3,7 k €	-68.7%	11,8 k €	+3958%	-306,1 €	-2555%	12,5 €	+100%	-8,1 k €	-148%	16,8 k €	+5.4%	15,9 k €	-32.4%	23,5 k €	-9.2%	25,9 k €	+164%	9,8 k €	+166%	3,7 k €	-79.3%	17,8 k €	+212%	5,7 k €
Balance sheet
Equity	122,5 k €	+8.3%	113,1 k €	+3.4%	109,4 k €	+12.1%	97,6 k €	-0.3%	97,9 k €	-20.7%	123,5 k €	-6.2%	131,6 k €	+8.9%	120,9 k €	+15.1%	105 k €	+28.9%	81,5 k €	+46.5%	55,6 k €	+21.4%	45,8 k €	+8.7%	42,1 k €	+133%	18,1 k €
Total assets	349,3 k €	+12.8%	309,7 k €	-3.3%	320,3 k €	+2.7%	311,9 k €	-0.7%	314 k €	+33.9%	234,5 k €	+0.9%	232,3 k €	-16.8%	279,3 k €	+22.9%	227,3 k €	-2.7%	233,5 k €	+5.6%	221,1 k €	+31.7%	167,9 k €	-7.6%	181,8 k €	+23.7%	146,9 k €
Cash	4,6 k €	+77.6%	2,6 k €	-42.3%	4,5 k €	+128%	2 k €	-49.8%	3,9 k €	+636%	528,4 €	-94.6%	9,8 k €	+88.6%	5,2 k €	+14.7%	4,5 k €		–		–		–		4,4 k €	+55.1%	2,8 k €
Debts	226,8 k €	+15.4%	196,6 k €	-6.8%	210,9 k €	-1.6%	214,3 k €	-0.8%	216,1 k €	+94.7%	111 k €	+10.2%	100,7 k €	-36.4%	158,4 k €	+29.5%	122,3 k €	-19.4%	151,8 k €	-8.3%	165,6 k €	+35.6%	122,1 k €	-12.6%	139,7 k €	+8.7%	128,5 k €
Other
Workforce	0,0 ETP		–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

PATRICK VANZEUNE FABIEN

Director

Active

SOPHIE VANDENBUSSCHE

Director

Active

Ended mandates

Sophie Vandenbussche

Manager · since 01 juillet 2011

Ended

Fabian Van Zeune

Manager · since 03 juin 2010

Ended

Fabian Van Zeune

Manager

Ended

Fabien VANZEUNE

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Godog asbl● Active	0761.454.156

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2026	14/08/2025	30/08/2024	31/08/2023	23/08/2022	30/08/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	26/08/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	14/08/2025	French	PDF
Micro model	31/12/2023	04/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	23/08/2022	French	PDF
Micro model	31/12/2020	01/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	08/09/2020	23/10/2020	French	PDF
Micro model	31/12/2018	04/06/2019	31/08/2019	French	PDF
Micro model	31/12/2017	05/06/2018	27/08/2018	French	PDF
Micro model	31/12/2016	06/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	02/06/2015	17/08/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	19/08/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	11/07/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	13/07/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	23/06/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

PATRICK VANZEUNE FABIEN

Director

Active

SOPHIE VANDENBUSSCHE

Director

Active

Ended mandates

Sophie Vandenbussche

Manager · since 01 juillet 2011

Ended

Fabian Van Zeune

Manager · since 03 juin 2010

Ended

Fabian Van Zeune

Manager

Ended

Fabien VANZEUNE

Director

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20259,4 k €↑
2024
Annual accounts 20243,7 k €↓
2024
Name changeBUTTERFLY EFFECT
2023
Annual accounts 202311,8 k €↑
2023
Name changeBUTTERFLY EFFECT (ex ULTIMA RATIO)
2022
Annual accounts 2022-306,1 €↓
2021
Annual accounts 202112,5 €↑
2021
Name changeULTIMA RATIO
2018
Annual accounts 2018-8,1 k €↓
2017
Annual accounts 201716,8 k €↑
2016
Annual accounts 201615,9 k €↓
2015
Annual accounts 201523,5 k €↓
2014
Annual accounts 201425,9 k €↑
2013
Annual accounts 20139,8 k €↑
2012
Annual accounts 20123,7 k €↓
2011
Annual accounts 201117,8 k €↑
2010
Annual accounts 20105,7 k €
10/06/2010
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BUTTERFLY EFFECT

Overview

What does BUTTERFLY EFFECT do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline