Equity
Equity fell by 98% in 3 years.
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Equity fell by 98% in 3 years.
The micro format states no turnover.
Of this, €78,686 falls due within a year.
Short-term debts rose from €34,174 to €78,686.
The last five annual accounts were filed 1 to 158 days before the end of the period.
Less equity than 90% of companies in head offices and management consultancy. Sector median €78,242 · 39,408 companies.
In July 2024, 2,153 companies had the same profile as ALPHACODE has now. Each dot stands for 6 companies, two years later.
The method was tested on the 497,448 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 2,153 companies, not a prediction for ALPHACODE. 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.
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| Company | ||||
|---|---|---|---|---|
| ALPHACODE Kapellen | €92,572 | €67,420 | 1.7% | - |
| JVW Solutions Antwerp | €89,883 | €71,929 | 3.7% | - |
| MAM-BA Schilde | €90,392 | €71,866 | 2.2% | - |
| Future State Brasschaat | €97,201 | €66,164 | 2.6% | - |
| VIBESTI Antwerp | €92,022 | €66,919 | 35.8% | - |
| Plantrekkers Antwerp | €87,388 | €63,593 | 5.7% | - |
| ADMIRAAL HR Antwerp | €98,362 | €66,082 | 8.5% | - |
These companies have the same main activity as ALPHACODE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €87,400 and €98,400, founded between 2019 and 2020.
ALPHACODE files the micro format. That format states no turnover. The gross margin rose from €57,076 in 2020 to €67,420 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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