Turnover
The micro format states no turnover.
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The micro format states no turnover.
Short-term debts fell from €37,812 to €18,888.
Lower net result than 87% of companies in computing infrastructure and information services. Sector median €19,991 · 2,301 companies.
In July 2024, 2,145 companies had the same profile as APPSIDE has now. Each dot stands for 6 companies, two years later.
Another 0.1% 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 2,145 companies, not a prediction for APPSIDE. 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 | ||||
|---|---|---|---|---|
| APPSIDE Aubange | €97,529 | €24,101 | 80.6% | - |
| UP 2 SOLUTIONS Ellezelles | €82,456 | €30,404 | 12.9% | - |
| EUROBRAINS Geel | €84,358 | €14,937 | 88.1% | - |
| BBTS IT Consulting Tessenderlo-Ham | €115,671 | €47,582 | 93.0% | - |
| SOGE Rebecq | €92,442 | €50,348 | 44.5% | - |
| HISTOIRES ROYALES Ixelles | €134,779 | €39,407 | 21.5% | - |
| VOLTY Dilbeek | €150,429 | €14,814 | -21.7% | - |
These companies have the same main activity as APPSIDE: web portal activities (NACE 63910). They are comparable in size and age: total assets between €82,500 and €150,000, founded between 2022 and 2023.
APPSIDE files the micro format. That format states no turnover. The gross margin fell from €80,214 in 2023 to €24,101 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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