Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €17,385 falls due within a year.
Short-term debts fell from €17,919 to €17,385.
The last four annual accounts were filed 0 to 39 days before the end of the period.
Lower solvency than 90% of companies in architecture and engineering. Sector median 53.9% · 11,783 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 14,826 companies (NACE 71, 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 71, micro). It does better than 8% of them on solvency, 28% on liquidity, 55% on profitability and 87% 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 31-12-2025.
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, 1,017 companies had the same profile as Atelier Blaffetuur has now. Each dot stands for 3 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Atelier Blaffetuur itself is lower: 0.2% within 12 months. It rests on far more data about Atelier Blaffetuur than the profile alone.
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 1,017 companies, not a prediction for Atelier Blaffetuur. 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 1.05 (0.64 in 2024), below the usual 1.5. Short-term debt is 82.6% and cash 35% 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 4 accounts on average 26 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Atelier Blaffetuur Antwerp | €21,037 | €6,263 | -4.9% | - |
| HOP.OFFICE ARCHITECTS Antwerp | €19,602 | €7,159 | -34.8% | - |
| DP Architecture & Design Courcelles | €18,780 | €6,969 | 37.4% | - |
| A&K Design Architecture Geraardsbergen | €23,799 | €5,675 | 5.9% | - |
| Aspeslagh Steyaert Architects Uccle | €21,416 | €5,510 | 49.2% | - |
| DIR ! ARCHITECTURE Sprimont | €17,559 | €6,303 | -7.8% | - |
| Architectenvennootschap Marianne Ghoos Antwerp | €27,749 | €6,305 | 40.9% | - |
These companies have the same main activity as Atelier Blaffetuur: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €17,600 and €27,700, founded between 2022 and 2023.
Atelier Blaffetuur files the micro format. That format states no turnover. The gross margin rose from €5,159 in 2022 to €6,263 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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