Payment terms
BATHAD pays its suppliers 19 days later than in 2023. Customers pay 106 days later.
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BATHAD pays its suppliers 19 days later than in 2023. Customers pay 106 days later.
2025 accounts not filed: deadline was 31-07-2026.
Lower net result than 95% of companies in land transport. Sector median €5,868 · 6,575 companies.
In July 2024, 3,591 companies had the same profile as BATHAD has now. Each dot stands for 9 companies, two years later.
Another 0.3% 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 3,591 companies, not a prediction for BATHAD. 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.
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| Company | ||||
|---|---|---|---|---|
| BATHAD Brussels | €103,257 | -30.5% | 78.9% | - |
| NASTAS Brussels | - | - | 81.8% | - |
| DEDE TRANSPORT Brussels | - | - | 88.3% | - |
| MHS GROUP Evere | - | - | 49.9% | - |
| TM COMPANY Uccle | €181,615 | 11.1% | 51.5% | - |
| KAPTAN GROUP Brussels | €112,163 | 3.3% | 26.0% | - |
| AT&MB Jette | - | - | 14.3% | - |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BATHAD: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €73,700 and €96,000, founded between 2016 and 2018.
BATHAD has existed since 2017. Turnover fell from €305,165 in 2019 to €137,287 in 2020. The accounts now follow the micro format, last year the full format.
Turnover has fallen every year since 2021.
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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