Equity
Equity fell by 95% in 6 years.
Equity fell by 95% in 6 years.
Of this, €55,666 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 86.7% higher than in 2023.
In 2024, 0 people joined and 2 left.
2025 accounts not filed: deadline was 31-07-2026.
Lower net result than 91% of companies in human health. Sector median €58,820 · 19,741 companies.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: < 0.1% across 24,173 companies (NACE 86, micro).
About 2 in 1,000 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 86, micro). It does better than 15% of them on solvency, 46% on liquidity, 6% on profitability and 37% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 3,984 companies had the same profile as Antwerps Rugcentrum has now. Each dot stands for 10 companies, two years later.
That fits the bankruptcy probability of Antwerps Rugcentrum itself: 0.2% within 12 months.
The method was tested on the 497,446 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 3,984 companies, not a prediction for Antwerps Rugcentrum. 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 (2.41 in 2023), below the usual 1.5. Short-term debt is 63.6% and cash 55.3% of total assets. 88.8% of the assets are financed with debt and provisions.
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 6 accounts on average 20 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Antwerps Rugcentrum Antwerp | €87,490 | €60,891 | 11.2% | - |
| PATHOGNOMONIC Gedinne | €96,625 | €62,039 | 52.1% | - |
| DOKTER WOUTER HENS Merelbeke-Melle | €69,456 | €74,406 | 30.0% | - |
| CABINET MEDICAL DU DOCTEUR POTH Liège | €124,602 | €64,290 | 64.5% | - |
| CARDIOMONTY Montigny-le-Tilleul | €138,445 | €67,755 | 70.2% | - |
| DOCTEUR M.C. JADOT Montigny-le-Tilleul | €126,801 | €65,234 | 58.5% | - |
| DOKTER PETER VANDENBOSSCHE Antwerp | €99,572 | €92,903 | 69.0% | - |
These companies have the same main activity as Antwerps Rugcentrum: general medical practice (NACE 86210). They are comparable in size and age: total assets between €69,500 and €138,000, founded between 1991 and 2007.
Antwerps Rugcentrum files the micro format. That format states no turnover. The gross margin fell from €91,698 in 2008 to €60,891 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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