Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
In July 2024, 6,619 companies had the same profile as BEADA has now. Each dot stands for 17 companies, two years later.
Another 1.0% 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 6,619 companies, not a prediction for BEADA. 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 | ||||
|---|---|---|---|---|
| BEADA Oud-Heverlee | €18,878 | -€2,033 | -55.3% | - |
| Columba Antwerp | €20,991 | -€1,019 | 96.5% | - |
| GAM RECORDS Uccle | €14,680 | €1,249 | -325.8% | - |
| MANAGEMENT FOR ALL Kortrijk | €26,916 | -€5,520 | -70.9% | - |
| JOY Knokke-Heist | €20,129 | -€14,884 | -336.0% | - |
| PUBLIEK Antwerp | €31,140 | -€3,400 | 38.6% | - |
| Charlotte & Reinhard Ghent | €21,636 | -€9,183 | 2.3% | - |
These companies have the same main activity as BEADA: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €14,700 and €31,100, founded between 1996 and 2013.
BEADA files the abbreviated format. That format states no turnover. The gross margin fell from €1,495 in 2007 to -€2,033 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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