Signals- Two or more financial years not filedFiled after the deadlineShow the evidence
Signals
Two signals.
+raises risk○neutral
+
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-05-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
The financial year that closed on 31-05-2021 was due by 31-12-2021 and was filed on 08-02-2022, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
This company filed its last 3 accounts on average 32 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.