Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Back in profit in 2025, after a loss of €35,453 in 2024.
The accounts state no turnover.
Of this, €43,804 falls due within a year.
The 2020 accounts came latest: 145 days after the end of the period.
Less equity than 87% of companies in sports and recreation. Sector median €31,165 · 2,882 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.3% across 4,268 companies (NACE 93, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 9% of them on solvency, 30% on liquidity, 94% on profitability and 80% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,632 companies had the same profile as LifeFit Coaching has now. Each dot stands for 10 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LifeFit Coaching itself: 1.3% within 12 months.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,632 companies, not a prediction for LifeFit Coaching. 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.
Liquidity is tight, with a current ratio of 1.17 (0.87 in 2024), below the usual 1.5. Short-term debt is 47.5% and cash 7% of total assets. Equity is negative.
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.
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LifeFit Coaching Wevelgem | €92,281 | €124,991 | -50.0% | - |
| SUPER 7 Aarschot | €98,417 | €135,858 | 31.2% | - |
| REVOLUTION FITNESS Waremme | €114,950 | €116,488 | -23.0% | - |
| HEALTH & FITNESS MANAGEMENT Berchem-Sainte-Agathe | €138,419 | €120,727 | 40.1% | 2.3 |
| Military Sport Academy Ghent | €134,410 | €101,009 | 88.9% | 0.9 |
| PGMCM Schaerbeek | €132,539 | €95,699 | 15.5% | - |
| LVSR SPORT Dilbeek | €86,679 | €83,621 | 46.1% | - |
These companies have the same main activity as LifeFit Coaching: fitness centres (NACE 93130). They are comparable in size and age: total assets between €86,700 and €138,000, founded between 2014 and 2018.
LifeFit Coaching files the micro format. That format states no turnover. The gross margin rose from -€23,066 in 2016 to €124,991 in 2025.
The balance sheet grew most from 2017 to 2018 through fixed assets.
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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