The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 31,386 companies had the same profile as Arnold HOFFMANN has now. Each dot stands for 79 companies, two years later.
93.4%
were still trading
6.0%
stopped another way
0.5%
went bankrupt
Micro
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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.
The companies in ten equal groups, from the lowest to the highest expected share
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
2.9%
3.1%
10
5.6%
6.1%
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 31,386 companies, not a prediction for Arnold HOFFMANN. 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.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as Arnold HOFFMANN: wholesale trade (NACE 46610). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 1982 and 1994.
Arnold HOFFMANN has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €959,287 and a net result of €67,558.
Equity has been growing by about 5.6% per year since 2018.
The company number of Arnold HOFFMANN is 0435.031.340. The VAT number is the same number with BE in front: BE 0435.031.340.
Where is Arnold HOFFMANN based?
The registered office is at Vielsalmer Straße,Rodt 15, 4780 Saint-Vith.Company details
What does Arnold HOFFMANN do?
According to the KBO register, the main activity is wholesale trade (NACE 46610).
What is the legal form of Arnold HOFFMANN?
Arnold HOFFMANN is a private limited company (pre-2019) (BVBA).
When was Arnold HOFFMANN founded?
Arnold HOFFMANN was founded on 11-08-1988.
Is Arnold HOFFMANN still active?
Yes, Arnold HOFFMANN is an active enterprise in the KBO register.
How many employees does Arnold HOFFMANN have?
Arnold HOFFMANN had an average of 2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Arnold HOFFMANN?
The turnover in financial year 2024 is ≈ €570,000. This figure is estimated from the gross margin of €98,324 and 66 comparable companies (NACE 46). It probably lies between €210,000 and €1.5m.
Is Arnold HOFFMANN profitable?
In financial year 2024, Arnold HOFFMANN made a profit of €67,558.
Where can I find the annual accounts of Arnold HOFFMANN?
Arnold HOFFMANN filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2024.