Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The result fell in 2025 from -€230,028 to -€633,901.
Of this, €4.1m falls due within a year.
Between 2020 and 2025, 78% of the full-time equivalents disappeared.
Nine of the last ten came late. The 2019 accounts came latest: 161 days after the end of the period.
Lower net result than 95% of companies in motor vehicles. Sector median €33,679 · 98 companies.
The dashed line is the sector median: 0.3% across 228 companies (NACE 29, micro).
About 5 in 100 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 29, micro). It does better than 13% of them on solvency, 5% on liquidity, 7% on profitability and 3% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
Liquidity is insufficient, with a current ratio of 0.3 (0.34 in 2024), below 1. Short-term debt is 105.7% and cash 2% of total assets. Equity is negative.
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 7 accounts on average 69 days after the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Atcomex Oosterzele | - | - | -6.4% | 2.8 |
| LifeLive Saint-Vith | - | - | -296.8% | 7.5 |
| RAPIDO Sambreville | - | - | 17.4% | 0.6 |
| TBS CONVERSIONS Pelt | - | - | -557.5% | - |
| PRAESENS DEVELOPMENT Wavre | - | - | -5.0% | - |
| GOODWOOD MOTORS Woluwe-Saint-Pierre | €23.7m | 0.3% | 9.5% | 21 |
| CARROSSERIE MATTHYS Ghent | €18.9m | 2.9% | 62.6% | 22 |
These companies have the same main activity as Atcomex: manufacture of bodies and coachwork for motor vehicles (NACE 29201). They are comparable in size and age: total assets between €464,000 and €13m, founded between 1991 and 2023.
Atcomex files the abbreviated format. That format states no turnover. The gross margin fell from -€245,767 in 2013 to -€341,773 in 2025.
Denoo holds all the shares.
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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