Losses
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
The accounts state no turnover.
Nine of the last ten came late. The 2017 accounts came latest: 505 days after the end of the period.
In July 2024, 8,609 companies had the same profile as ADNUTUM has now. Each dot stands for 22 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 8,609 companies, not a prediction for ADNUTUM. 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 | ||||
|---|---|---|---|---|
| ADNUTUM Auderghem | €0.7m | €94 | 33.1% | - |
| BYTE TRUST Waterloo | €0.6m | -€1,882 | 66.6% | - |
| Computer-Service & Advies Turnhout | €0.8m | -€35,424 | 12.8% | - |
| Micro-Matic-Research Leuven | €0.8m | -€36,159 | 8.7% | - |
| ADENTI Zottegem | €0.5m | -€37,767 | 7.9% | - |
| INFORMATION MANAGEMENT - SENSO Ronse | €1.1m | -€99,209 | 46.6% | - |
| MONSTER BELGIUM Berchem-Sainte-Agathe | €0.3m | -€97,830 | 36.8% | - |
These companies have the same main activity as ADNUTUM: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €321,000 and €1.1m, founded between 1982 and 2000.
ADNUTUM files the abbreviated format. That format states no turnover. The gross margin fell from €79,695 in 2007 to €94 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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