Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2018 to 2025 closed with a loss. 2024 was the heaviest.
The micro format states no turnover.
Nine of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Less equity than 95% of companies in advertising and market research. Sector median €59,296 · 9,128 companies.
In July 2024, 2,792 companies had the same profile as BEMACO has now. Each dot stands for 7 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,792 companies, not a prediction for BEMACO. 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 | ||||
|---|---|---|---|---|
| BEMACO Nieuwpoort | €339,401 | €21,969 | -56.4% | - |
| TOP MANAGEMENT SERVICES Eeklo | €379,964 | €27,144 | 69.4% | - |
| R. DEBEER EN CO Wuustwezel | €285,977 | €18,533 | 90.8% | - |
| Delta Group Willebroek | €427,206 | €26,105 | 99.5% | - |
| INFOR-ADVICE Kortrijk | €433,041 | €28,177 | 90.8% | - |
| QUALITY SERVICE Poperinge | €423,968 | €16,499 | 61.0% | - |
| SININDIS Woluwe-Saint-Lambert | €256,594 | €19,512 | 98.5% | - |
These companies have the same main activity as BEMACO: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €257,000 and €433,000, founded between 1990 and 1994.
BEMACO files the micro format. That format states no turnover. The gross margin rose from €3,628 in 2006 to €21,969 in 2025.
The balance sheet grew most from 2011 to 2013 through fixed assets.
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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