Losses
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
Green is investment, beige is depreciation. Land and buildings stand 139.2% higher than in 2023.
2025 accounts not filed: deadline was 31-07-2026.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 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 68, micro). It does better than 53% of them on solvency, 61% on liquidity, 16% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 8,617 companies had the same profile as AUROBAT has now. Each dot stands for 22 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AUROBAT itself is higher: 1.4% within 12 months. It rests on far more data about AUROBAT than the profile alone.
The method was tested on the 497,447 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 8,617 companies, not a prediction for AUROBAT. 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 ample, with a current ratio of 3.48 (2.06 in 2023), above the usual 1.5. Short-term debt is 15.4% and cash 5% of total assets. However, 64.7% of the assets are financed with debt and provisions.
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 6 accounts on average 87 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AUROBAT Binche | €1.3m | -€9,688 | 35.3% | - |
| D.R. Zoersel | €1.2m | -€10,759 | 40.7% | - |
| DAMJAL Aarschot | €1.4m | -€31,894 | 59.0% | - |
| PARKIMO Saint-Josse-ten-Noode | €1.1m | €1,082 | 57.0% | - |
| BUREAU D'ETUDES ET DE GESTION IMMOBILIERE ET MOBILIERE Nivelles | €1.1m | -€11,413 | 3.1% | - |
| RIFRAR Linkebeek | €1.4m | -€34,646 | 84.8% | - |
| ALDIAL Kortemark | €1.6m | -€42,355 | 50.2% | - |
These companies have the same main activity as AUROBAT: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.1m and €1.6m, founded between 1985 and 1992.
AUROBAT files the micro format. That format states no turnover. The gross margin fell from €2,265 in 2006 to -€9,688 in 2024.
The balance sheet grew most from 2022 to 2024 through fixed assets.
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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