Equity
Debts exceed assets in financial year 2024.
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In July 2024, 3,632 companies had the same profile as AMIGOS 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.
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 3,632 companies, not a prediction for AMIGOS. 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 | ||||
|---|---|---|---|---|
| AMIGOS Verviers | €6,659 | €2,406 | -754.7% | - |
| EUROSIA FAST FOOD Verviers | €6,253 | €2,127 | 92.0% | - |
| Fresh Corner Ixelles | €7,499 | €3,153 | -1008.6% | - |
| NAWEED Antwerp | €7,167 | €1,829 | -200.4% | - |
| NISSRINE Saint-Josse-ten-Noode | €9,524 | €2,911 | 67.9% | - |
| AFRODIT Mouscron | €7,381 | €3,742 | 91.7% | - |
| BAR RESTAURANT ASTURIANO Sint-Gillis (bij-Brussel) | €9,640 | €3,313 | 62.5% | - |
These companies have the same main activity as AMIGOS: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €6,250 and €9,640, founded between 2004 and 2012.
AMIGOS files the micro format. That format states no turnover. The gross margin fell from €5,300 in 2009 to €2,406 in 2024.
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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