Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
In July 2024, 6,635 companies had the same profile as AIT has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 6,635 companies, not a prediction for AIT. 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 | ||||
|---|---|---|---|---|
| AIT Liège | €8,805 | -€8,622 | -412.1% | - |
| HOUT-IDEE VERHOFSTEDE Temse | €6,923 | -€2,118 | 37.6% | - |
| ZEZER Charleroi | €9,681 | -€2,293 | 92.8% | - |
| BELVINA Heist-op-den-Berg | €5,959 | -€245 | 100.0% | - |
| SERENUS PRODUCTION ET FRANCIS NEWMAN MUSIC Genappe | €17,194 | €713 | -142.0% | - |
| ALMICE Verviers | €3,312 | €125 | 55.1% | - |
| ALL-DECOR GENT Ghent | €14,697 | €2,492 | -587.4% | - |
These companies have the same main activity as AIT: retail sale of lighting equipment (NACE 47552). They are comparable in size and age: total assets between €3,310 and €17,200, founded between 1993 and 2004.
AIT files the micro format. That format states no turnover. The gross margin fell from -€2,818 in 2006 to -€8,622 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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