Losses
Every financial year from 2016 to 2025 closed with a loss. 2020 was the heaviest.
Every financial year from 2016 to 2025 closed with a loss. 2020 was the heaviest.
Green is investment, beige is depreciation.
Lower net result than 95% of companies in advertising and market research. Sector median €14,755 · 8,618 companies.
In July 2024, 8,617 companies had the same profile as BALMAR 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 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 8,617 companies, not a prediction for BALMAR. 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 | ||||
|---|---|---|---|---|
| BALMAR Kortrijk | €1.1m | -€12,213 | 99.2% | - |
| ADEQUATE ADVICE Bruges | €1.1m | -€390 | 68.3% | - |
| DELBIMAC Izegem | €1.4m | €662 | 40.5% | - |
| Michils - Vandenberghe Company Koekelberg | €1.1m | -€96,799 | 99.2% | - |
| F.V. CONSULT Dilbeek | €1.2m | -€33,676 | 80.3% | - |
| DBF - MANAGEMENT Kapellen | €1.2m | -€42,432 | 93.5% | - |
| PINTALI Antwerp | €0.9m | -€9,903 | 49.0% | - |
These companies have the same main activity as BALMAR: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €920,000 and €1.4m, founded between 1989 and 1992.
BALMAR files the micro format. That format states no turnover. The gross margin fell from €206,178 in 2006 to -€12,213 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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