Losses
Every financial year from 2017 to 2025 closed with a loss. 2023 was the heaviest.
Every financial year from 2017 to 2025 closed with a loss. 2023 was the heaviest.
Two of the last ten came late. The 2022 accounts came latest: 60 days after the end of the period.
In July 2024, 2,451 companies had the same profile as ADAMA has now. Each dot stands for 7 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,451 companies, not a prediction for ADAMA. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ADAMA Tielt-Winge | - | - | 18.9% | - |
| MULTIMEDIA TRADING INTERNATIONAL Ath | €60 | - | -464.9% | - |
| EUROPEAN FINANCE CONSULTANCY SERVICES Perwez | - | - | -202.0% | - |
| COSTAM Pelt | - | - | 99.4% | - |
| CAPLENCO Dilbeek | - | - | 70.0% | - |
| TLH PROJECTS Rotselaar | - | - | -6.5% | - |
| B.T. CONSTRUCT Sint-Gillis (bij-Brussel) | €398,507 | -2.6% | 82.2% | - |
These companies have the same main activity as ADAMA: agents in the wholesale of food, beverages and tobacco (NACE 46170). They are comparable in size and age: total assets between €45,900 and €110,000, founded between 1995 and 2009.
ADAMA files the micro format. That format states no turnover. The gross margin fell from €9,381 in 2006 to -€11 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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