The computed 12-month bankruptcy probability of A à Z is at least 25% (high). For A à Z, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€31,350) and a net result of -€6,015. Equity is shrinking by about 26% per year across the filed financial years. The company has been active since 1998 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).
Signalsraises riskFigures for financial year 2023 (filed 29-08-2024)1 change of registered office in 24 months2 ex-officio strike-offs in the KBONo main activity registeredTwo or more financial years not filedAdministrative warnings in the KBO publicationsneutralFiled after the deadlineShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency0=
equity -131.3% of total assets
Liquidity50+28
short-term debt 231.3% · cash 44.0%
Profitability0=
return on assets -25.2%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
≥ 25%High
0%0.5%1.5%4%10%≥ 25%
About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months11-2024: 6.7%lowest value12-2024: 6.7%● unchanged vs 11-2024lowest value01-2025: 6.8%▲ +0.1 percentage points vs 12-202402-2025: 6.8%● unchanged vs 01-202503-2025: 7.3%▲ +0.5 percentage points vs 02-202504-2025: 7.9%▲ +0.6 percentage points vs 03-202505-2025: 8.2%▲ +0.3 percentage points vs 04-202506-2025: 8.5%▲ +0.3 percentage points vs 05-202507-2025: 10.2%▲ +1.7 percentage points vs 06-202508-2025: 11.7%▲ +1.5 percentage points vs 07-202509-2025: 12.6%▲ +0.9 percentage points vs 08-202510-2025: 14.7%▲ +2.1 percentage points vs 09-202511-2025: 15.1%▲ +0.4 percentage points vs 10-202512-2025: 17.9%▲ +2.8 percentage points vs 11-202501-2026: 24.6%▲ +6.7 percentage points vs 12-202502-2026: 24.6%● unchanged vs 01-202603-2026: 24.6%● unchanged vs 02-202604-2026: 21.6%▼ -3.0 percentage points vs 03-202605-2026: 21.6%● unchanged vs 04-202606-2026: 21.6%● unchanged vs 05-202607-2026: 21.6%● unchanged vs 06-202608-2026: 22.8%▲ +1.2 percentage points vs 07-202609-2026: ≥ 25%▲ +2.5 percentage points vs 08-2026highest value10-2026: ≥ 25%● unchanged vs 09-2026highest value
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
31-12-2024 year end31-07-2025 deadline14-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
This company filed its last 5 accounts on average 35 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.