Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
The 2023 accounts came latest: 31 days after the end of the period.
Less equity than 90% of companies in real estate. Sector median €86,438 · 19,843 companies.
In July 2024, 1,565 companies had the same profile as ATLAE has now. Each dot stands for 4 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
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.
| 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 1,565 companies, not a prediction for ATLAE. 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.
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.
| Company | ||||
|---|---|---|---|---|
| ATLAE Brussels | €320,864 | -€6,390 | -16.2% | - |
| NOUVEAUX JARDINS Uccle | €401,859 | -€47,015 | 80.6% | 0 |
| KAPPA INVEST Brussels | €408,519 | -€36,576 | 98.6% | - |
| NEXAE BEL CSE Koekelberg | €251,462 | -€18,512 | 28.9% | - |
| IMMO QCM Mons | €314,638 | -€3,341 | 2.3% | - |
| ECO PROJECT IMMO Quiévrain | €340,073 | -€13,356 | 21.4% | - |
| DW Construct Kortrijk | €340,400 | -€12,357 | -23.0% | - |
These companies have the same main activity as ATLAE: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €251,000 and €409,000, founded between 2019 and 2020.
ATLAE files the micro format. That format states no turnover. The gross margin fell from -€5,271 in 2021 to -€6,390 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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