Losses
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Ten of the last ten came late. The 2020 accounts came latest: 199 days after the end of the period.
Lower net result than 80% of companies in retail trade. Sector median €27,404 · 12,850 companies.
In July 2024, 6,908 companies had the same profile as AUTO-CONNECT has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 6,908 companies, not a prediction for AUTO-CONNECT. 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 | ||||
|---|---|---|---|---|
| AUTO-CONNECT Fleurus | €209,259 | -€2,848 | 63.5% | - |
| PICCICUTO Charleroi | €224,191 | -€31,091 | 85.1% | - |
| SPRL GARAGE LEYON GEOFFREY Sprimont | €229,530 | -€7,619 | 70.2% | - |
| CCI PROCAR Braives | €189,865 | -€16,538 | 15.3% | - |
| CARS4YOU Namur | €229,433 | -€7,378 | -44.5% | - |
| Y.D. HOLDING Sint-Gillis (bij-Brussel) | €190,820 | -€162 | 1.4% | - |
| M.W.Z. CARS Hannut | €193,656 | -€10,771 | -128.1% | - |
These companies have the same main activity as AUTO-CONNECT: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €190,000 and €230,000, founded between 2009 and 2012.
AUTO-CONNECT files the abbreviated format. That format states no turnover. The gross margin fell from €13,524 in 2011 to -€2,848 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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