Equity
Equity fell by 100% in 1 year.
Equity fell by 100% in 1 year.
The micro format states no turnover.
Of this, €178,607 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 142.0% higher than in 2024.
Short-term debts rose from €43,928 to €178,607.
Higher net result than 95% of companies in sports and recreation. Sector median €3,711 · 2,877 companies.
The dashed line is the sector median: 0.3% across 4,270 companies (NACE 93, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 26% of them on solvency, 45% on liquidity, 94% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,157 companies had the same profile as BEPILATES has now. Each dot stands for 6 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BEPILATES itself is lower: 0.2% within 12 months. It rests on far more data about BEPILATES than the profile alone.
The method was tested on the 497,447 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 2,157 companies, not a prediction for BEPILATES. 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.
The company filed its last 4 accounts on average 46 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BEPILATES Etterbeek | €216,281 | €203,241 | 0.2% | - |
| CENTRE MAGIC Herstal | €213,549 | €195,715 | 55.3% | - |
| EMCR Dendermonde | €206,796 | €257,326 | 40.1% | - |
| Coresenses Zele | €243,901 | €163,153 | -26.8% | - |
| Move for Health Antwerp | €155,629 | €180,688 | 36.8% | - |
| INFRA SLIM X Tienen | €286,033 | €158,292 | 58.0% | - |
| BARTHELEMY WAELES IMMOBILIER ET MAINTENANCE Anhée | €190,780 | €138,360 | 0.0% | - |
These companies have the same main activity as BEPILATES: fitness centres (NACE 93130). They are comparable in size and age: total assets between €156,000 and €286,000, founded between 2020 and 2023.
BEPILATES files the micro format. That format states no turnover. The gross margin rose from €26,932 in 2022 to €203,241 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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