Equity
BELITHU has made a profit without a break since 2020.
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In July 2024, 34,693 companies had the same profile as BELITHU has now. Each dot stands for 87 companies, two years later.
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 34,693 companies, not a prediction for BELITHU. 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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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| BELITHU Zonhoven | €204,354 | €30,141 | 67.5% | - |
| GdB-Consult Oudenburg | €196,316 | €35,893 | 73.1% | - |
| GIERTS-VANHAREN Houthalen-Helchteren | €155,416 | €37,520 | 59.0% | - |
| LEON CAELEN Oudsbergen | €321,429 | €41,380 | 96.6% | - |
| STARTH Fontaine-l'Evêque | €148,952 | €30,696 | 85.2% | - |
| The woodpoint Bornem | €160,572 | €40,894 | 29.3% | - |
| BENELEX Ixelles | €221,753 | €49,977 | 41.7% | - |
These companies have the same main activity as BELITHU: agents in the wholesale of timber and building materials (NACE 46130). They are comparable in size and age: total assets between €149,000 and €321,000, founded between 2006 and 2011.
BELITHU files the micro format. That format states no turnover. The gross margin rose from €10,741 in 2012 to €30,141 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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