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Blankedale

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Non-profit associationfounded 1965active for 61 yearsAmbachtenlaan 70, 3300 Tienen, BelgiumKBO/BCE: BE 0400.999.978

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 29-05-2026 PDF all 20 filings

Turnover
€12.9m▲ 0.5%
2024 · €12.9m
EBIT margin
1.3%▼ 3.6pp
2024 · 4.9%
Net result
€391,309▼ 61.8%
2024 · €1.0m
Working capital
€15.8m▲ 4.8%
2024 · €15.0m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€12.9m
▲ 0.5% 2025
20182025
Operating result
€173,448
▼ 72.5% 2025
20182025
Net result
€391,309
▼ 61.8% 2025
highest quarter of the sector
20182025
EBIT margin
1.3%
▼ 3.6pp 2025
20182025
Equity
€29.4m
▲ 1.2% 2025
highest quarter of the sector
20182025
Total assets
€34.2m
▲ 0.9% 2025
highest quarter of the sector
20182025
Debt
€4.5m
▲ 5.3% 2025
20182025
Working capital
€15.8m
▲ 4.8% 2025
highest quarter of the sector
20182025
Solvency
86.1%
▲ 0.2pp 2025
highest quarter of the sector
20182025
Current ratio
4.72
▼ 0.05 2025
highest quarter of the sector
20182025
Return on assets (ROA)
1.1%
▼ 1.9pp 2025
middle half of the sector
20182025
Staff (FTE)
775.6
▼ 0.4% 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€14.1m-€13.7m▼ 2.6%€11.2m▼ 17.9%€10.9m▼ 3.0%€11.4m▲ 4.4%€11.8m▲ 3.4%€12.9m▲ 9.3%€12.9m▲ 0.5%
Operating result€0.3m-€0.2m▼ 46.9%€0.1m▼ 16.9%€0.4m▲ 173%€0.02m▼ 94.5%€0.3m▲ 15×€0.6m▲ 95.4%€0.2m▼ 72.5%
Net result€0.4m-€0.7m▲ 66.7%€0.2mabove the sector's middle half▼ 65.4%€1.1mabove the sector's middle half▲ 361%-€0.4mbelow the sector's middle half€1.0mabove the sector's middle half€1.0mabove the sector's middle half▲ 3.8%€0.4mabove the sector's middle half▼ 61.8%
EBIT margin2.3%-1.3%▼ 1.0pp1.3%=3.6%▲ 2.3pp0.2%▼ 3.4pp2.7%▲ 2.6pp4.9%▲ 2.2pp1.3%▼ 3.6pp
Equity€25.6m-€26.3m▲ 2.6%€26.5mabove the sector's middle half▲ 0.8%€27.5mabove the sector's middle half▲ 3.9%€27.1mabove the sector's middle half▼ 1.7%€28.0mabove the sector's middle half▲ 3.6%€29.1mabove the sector's middle half▲ 3.7%€29.4mabove the sector's middle half▲ 1.2%
Total assets€31.5m-€31.9m▲ 1.4%€30.8mabove the sector's middle half▼ 3.4%€32.3mabove the sector's middle half▲ 4.8%€31.4mabove the sector's middle half▼ 2.7%€33.2mabove the sector's middle half▲ 5.7%€33.9mabove the sector's middle half▲ 1.9%€34.2mabove the sector's middle half▲ 0.9%
Debt€5.6m-€5.3m▼ 6.5%€3.9m▼ 25.4%€4.3m▲ 10.5%€3.9m▼ 9.1%€4.7m▲ 18.3%€4.3m▼ 8.9%€4.5m▲ 5.3%
Working capital€13.2m-€14.2m▲ 7.8%€15.2mabove the sector's middle half▲ 6.8%€17.0mabove the sector's middle half▲ 11.4%€16.4mabove the sector's middle half▼ 3.2%€16.4mabove the sector's middle half▲ 0.1%€15.0mabove the sector's middle half▼ 8.4%€15.8mabove the sector's middle half▲ 4.8%
Solvency81.4%-82.3%▲ 0.9pp85.9%above the sector's middle half▲ 3.6pp85.3%above the sector's middle half▼ 0.7pp86.2%above the sector's middle half▲ 0.9pp84.4%above the sector's middle half▼ 1.7pp85.9%above the sector's middle half▲ 1.5pp86.1%above the sector's middle half▲ 0.2pp
Current ratio3.42-3.88▲ 0.465.11above the sector's middle half▲ 1.235.30above the sector's middle half▲ 0.195.51above the sector's middle half▲ 0.215.08above the sector's middle half▼ 0.444.77above the sector's middle half▼ 0.304.72above the sector's middle half▼ 0.05
Return on assets (ROA)1.3%-2.1%▲ 0.8pp0.8%within the sector's middle half▼ 1.4pp3.4%within the sector's middle half▲ 2.6pp-1.4%within the sector's middle half▼ 4.7pp3.0%within the sector's middle half▲ 4.3pp3.0%within the sector's middle half▲ 0.1pp1.1%within the sector's middle half▼ 1.9pp
Staff (FTE)821-813.5▼ 0.9%816.2above the sector's middle half▲ 0.3%825.8above the sector's middle half▲ 1.2%807.3above the sector's middle half▼ 2.2%790.5above the sector's middle half▼ 2.1%778.9above the sector's middle half▼ 1.5%775.6above the sector's middle half▼ 0.4%
above within below The sector band is the middle half of the companies in Social work activities without accommodation (NACE 88). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 72% lower than in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.2m
Fixed assets €14.2m ▼ 4.3%
Current assets €20.0m ▲ 5.0%
Equity and liabilities €34.2m
Equity €29.4m ▲ 1.2%
Provisions €255,669 ▼ 49.8%
Debt €4.5m ▲ 5.3%
Debt's share of the balance-sheet total rises from 12.6% to 13.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.7m▼
2024 · €2.0m
Cash flow
€2.0m▼
2024 · €2.4m
Quick ratio
4.59▼
2024 · 4.64
Debt to equity
0.15▲
2024 · 0.15
ROE
1.3%▼
2024 · 3.5%
Interest coverage
22.08▼
2024 · 47.19
Debt ≤ 1 year
€4.2m▲
2024 · €4.0m
Debt > 1 year
€17,488▲
2024 · €17,408
Income taxes
€5,819▼
2024 · €20,140
Customer credit
89 days▲
2024 · 74 days
Supplier credit
287 days▲
2024 · 221 days
Staff costs
€24.6m▲
2024 · €24.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date958938915900893
full-time614578580577567
part-time344360335323326
in full-time equivalents825.8807.3790.5778.9775.6
Average over the year, in full-time equivalents825.8807.3790.5778.9775.6
On a permanent contract897866852870863
Joined111113889985
Left9813311111492
Agency workers, average number55.43.50.50.51.1
Training hours13,68513,84415,83411,74211,840

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€841,108€1.6m€2.8m€3.5m€1.2m
Intangible fixed assets€33,662€10,675-€31,105€16,350
Financial fixed assets---€1,000-
Depreciation and write-downs of the year€1.3m€1.3m€1.3m€1.4m€1.6m

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is VGD Bedrijfsrevisoren.

Item20212022202320242025
Fee for the audit€19,080€20,168€23,500€24,307€24,568
Other work by the auditor€678€2,350€1,363--

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2025 · 22 entries · €55.8m awarded · €55.8m paid
Year Entries AwardedPaid
2025 7 €14.8m€14.8m
2024 6 €14.1m€14.0m
2023 5 €14.7m€14.8m
2022 4 €12.3m€12.1m
Schemes
4 entries · €55.1m · €55.1m paid · Departement Werk en Sociale Economie
4 entries · €246,053 · €246,053 paid · Departement Werk en Sociale Economie
4 entries · €240,102 · €240,102 paid · Departement Werk en Sociale Economie
4 entries · €152,531 · €152,531 paid · Departement Werk en Sociale Economie
2 entries · €54,235 · €54,235 paid · Departement Werk en Sociale Economie
Show 2 more
1 entry · €50,000 · €35,000 paid · Departement Werk en Sociale Economie
3 entries · €17,971 · €17,971 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet Code20242025
Assets
Total assets20/58€33.9m€34.2m▲
Fixed assets21/28€14.8m€14.2m▼
Intangible fixed assets21€0.03m€0.04m▲
Tangible fixed assets22/27€13.7m€13.1m▼
Land and buildings22€12.0m€11.5m▼
Plant, machinery and equipment23€0.9m€0.9m▼
Furniture and vehicles24€0.6m€0.7m▲
Assets under construction and advance payments27€0.2m€0.01m▼
Financial fixed assets28€1.1m€1.0m▼
Other financial fixed assets284/8€1.1m€1.0m▼
Shares284€0.08m€0.08m=
Amounts receivable and cash guarantees285/8€1.0m€0.9m▼
Current assets29/58€19.0m€20.0m▲
Stocks and contracts in progress3€0.5m€0.6m▲
Stocks30/36€0.5m€0.6m▲
Raw materials and consumables30/31€0.5m€0.5m▲
Work in progress32€0.009m€0.03m▲
Finished goods33€0.04m€0.03m▼
Amounts receivable within one year40/41€2.7m€3.2m▲
Trade receivables40€2.6m€3.1m▲
Other amounts receivable41€0.04m€0.01m▼
Current investments50/53€14.0m€13.2m▼
Cash at bank and in hand54/58€1.1m€2.8m▲
Deferred charges and accrued income490/1€0.8m€0.3m▼
Equity and liabilities
Total equity and liabilities10/49€33.9m€34.2m▲
Equity10/15€29.1m€29.4m▲
Reserves13€7.7m€7.7m=
Profit (loss) carried forward14€21.3m€21.7m▲
Investment grants15€0.09m€0.05m▼
Provisions and deferred taxes16€0.5m€0.3m▼
Provisions for liabilities and charges160/5€0.5m€0.3m▼
Major repairs and maintenance162€0.5m€0.2m▼
Other liabilities and charges164/5€0.03m€0.03m▲
Amounts payable17/49€4.3m€4.5m▲
Amounts payable after more than one year17€0.02m€0.02m▲
Advances received on contracts in progress176€0.003m€0.003m=
Other amounts payable178/9€0.01m€0.01m▲
Amounts payable within one year42/48€4.0m€4.2m▲
Trade debts44€0.6m€0.8m▲
Suppliers440/4€0.6m€0.8m▲
Taxes, remuneration and social security45€3.3m€3.5m▲
Taxes450/3€0.3m€0.4m▲
Remuneration and social security454/9€3.0m€3.1m▲
Accrued charges and deferred income492/3€0.3m€0.2m▼
Income statement Code20242025
Operating income70/76A€30.1m€30.3m▲
Turnover70€12.9m€12.9m▲
Change in stocks of work in progress, finished goods and contracts in progress71€0.03m€0.007m▼
Own construction capitalised72€0.1m€0.05m▼
Membership fees, donations, legacies and grants73€16.5m€16.5m▲
Other operating income74€0.7m€0.8m▲
Non-recurring operating income76A€0.008m€413▼
Operating charges60/66A€29.5m€30.1m▲
Goods for resale, raw materials and consumables60€1.1m€1.0m▼
Purchases600/8€1.0m€1.0m▼
Change in stocks: decrease (increase)609€0.02m-€0.04m▼
Services and other goods61€3.0m€3.2m▲
Remuneration, social security and pensions62€24.0m€24.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.4m€1.6m▲
Other operating charges640/8€0.09m€0.09m▲
Non-recurring operating charges66A€0.001m€0.001m▼
Operating profit (loss)9901€0.6m€0.2m▼
Financial income75/76B€0.5m€0.3m▼
Recurring financial income75€0.5m€0.3m▼
Income from current assets751€0.4m€0.3m▼
Other financial income752/9€0.01m€0.01m▼
Financial charges65/66B€0.04m€0.08m▲
Recurring financial charges65€0.04m€0.08m▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0.03m€0.07m▲
Other financial charges652/9€0.009m€0.009m▲
Profit (loss) for the period before taxes9903€1.0m€0.4m▼
Income taxes67/77€0.02m€0.006m▼
Taxes670/3€0.02m€0.006m▼
Profit (loss) for the period9904€1.0m€0.4m▼
Profit (loss) for the period to be appropriated9905€1.0m€0.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€21.3m€21.7m▲
Profit (loss) brought forward from the previous period14P€20.3m€21.3m▲
Social balance sheet
Average headcount (FTE)9087778.9775.6▼

The notes to these accounts have 73 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 29-05-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€25.8m€28.1m€28.4m€30.1m€30.3m▲ 0.5%
Turnover70€14.1m€13.7m€11.2m€10.9m€11.4m€11.8m€12.9m€12.9m▲ 0.5%
Change in stocks of work in progress, finished goods and contracts in progress71---€0.005m€0.02m-€0.01m€0.03m€0.007m▼ 76.9%
Own construction capitalised72---€0.02m€0.1m€0.1m€0.1m€0.05m▼ 57.0%
Membership fees, donations, legacies and grants73---€14.2m€15.8m€15.8m€16.5m€16.5m▲ 0.5%
Other operating income74---€0.7m€0.7m€0.7m€0.7m€0.8m▲ 15.0%
Non-recurring operating income76A---€0.002m€0.01m€0.09m€0.008m€413▼ 95.1%
Operating charges60/66A---€25.4m€28.0m€28.1m€29.5m€30.1m▲ 2.1%
Goods for resale, raw materials and consumables60---€1.0m€1.0m€0.9m€1.1m€1.0m▼ 9.9%
Purchases600/8---€1.0m€1.1m€0.9m€1.0m€1.0m▼ 4.1%
Change in stocks: decrease (increase)609---€0.07m-€0.03m€0.004m€0.02m-€0.04m-
Services and other goods61---€2.8m€2.8m€2.9m€3.0m€3.2m▲ 6.8%
Remuneration, social security and pensions62---€20.2m€22.8m€22.8m€24.0m€24.6m▲ 2.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.3m€1.5m€1.4m€1.3m€1.3m€1.3m€1.4m€1.6m▲ 11.2%
Other operating charges640/8---€0.08m€0.1m€0.1m€0.09m€0.09m▲ 8.8%
Non-recurring operating charges66A---€0.001m€0.001m€0.002m€0.001m€0.001m▼ 34.5%
Operating profit (loss)9901€0.3m€0.2m€0.1m€0.4m€0.02m€0.3m€0.6m€0.2m▼ 72.5%
Financial income75/76B---€0.7m€0.1m€0.8m€0.5m€0.3m▼ 33.9%
Recurring financial income75€0.3m€0.5m€0.8m€0.7m€0.1m€0.8m€0.5m€0.3m▼ 33.9%
Income from current assets751---€0.7m€0.1m€0.8m€0.4m€0.3m▼ 34.6%
Other financial income752/9---€0.02m€0.02m€0.01m€0.01m€0.01m▼ 8.7%
Non-recurring financial income76B---€0.01m€0----
Financial charges65/66B---€0.02m€0.6m€0.1m€0.04m€0.08m▲ 82.3%
Recurring financial charges65€0.2m€0.04m€0.8m€0.02m€0.6m€0.1m€0.04m€0.08m▲ 82.3%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651---€0.009m€0.6m€0.09m€0.03m€0.07m▲ 103%
Other financial charges652/9---€0.009m€0.01m€0.008m€0.009m€0.009m▲ 2.8%
Profit (loss) for the period before taxes9903€0.4m€0.7m€0.2m€1.1m-€0.4m€1.0m€1.0m€0.4m▼ 62.0%
Income taxes67/77-----€0.02m€0.02m€0.006m▼ 71.1%
Taxes670/3-----€0.02m€0.02m€0.006m▼ 71.1%
Profit (loss) for the period9904€0.4m€0.7m€0.2m€1.1m-€0.4m€1.0m€1.0m€0.4m▼ 61.8%
Profit (loss) for the period to be appropriated9905€0.4m€0.7m€0.2m€1.1m-€0.4m€1.0m€1.0m€0.4m▼ 61.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€31.5m€31.9m€30.8m€32.3m€31.4m€33.2m€33.9m€34.2m▲ 0.9%
Fixed assets21/28€12.8m€12.7m€11.9m€11.4m€11.4m€12.8m€14.8m€14.2m▼ 4.3%
Intangible fixed assets21€0.008m€0.02m€0.01m€0.03m€0.03m€0.01m€0.03m€0.04m▲ 14.1%
Tangible fixed assets22/27€11.5m€11.4m€10.7m€10.2m€10.2m€11.7m€13.7m€13.1m▼ 4.4%
Land and buildings22---€8.6m€8.7m€8.2m€12.0m€11.5m▼ 4.0%
Plant, machinery and equipment23---€1.0m€1.0m€0.9m€0.9m€0.9m▼ 2.8%
Furniture and vehicles24---€0.3m€0.4m€0.5m€0.6m€0.7m▲ 11.6%
Assets under construction and advance payments27---€0.3m€0.1m€2.1m€0.2m€0.01m▼ 93.6%
Financial fixed assets28€1.3m€1.3m€1.2m€1.2m€1.1m€1.1m€1.1m€1.0m▼ 3.7%
Other financial fixed assets284/8---€1.2m€1.1m€1.1m€1.1m€1.0m▼ 3.7%
Shares284---€0.08m€0.08m€0.08m€0.08m€0.08m=
Amounts receivable and cash guarantees285/8---€1.1m€1.1m€1.0m€1.0m€0.9m▼ 4.1%
Current assets29/58€18.7m€19.2m€18.9m€20.9m€20.0m€20.4m€19.0m€20.0m▲ 5.0%
Stocks and contracts in progress3€0.6m€0.7m€0.6m€0.5m€0.5m€0.5m€0.5m€0.6m▲ 9.6%
Stocks30/36---€0.5m€0.5m€0.5m€0.5m€0.6m▲ 9.6%
Raw materials and consumables30/31---€0.5m€0.5m€0.5m€0.5m€0.5m▲ 8.0%
Work in progress32---€0.03m€0.02m€0.02m€0.009m€0.03m▲ 208%
Finished goods33---€0.01m€0.03m€0.03m€0.04m€0.03m▼ 17.9%
Amounts receivable within one year40/41€4.5m€3.5m€3.4m€3.5m€3.3m€2.5m€2.7m€3.2m▲ 18.2%
Trade receivables40---€3.5m€3.2m€2.4m€2.6m€3.1m▲ 19.6%
Other amounts receivable41---€0.03m€0.09m€0.04m€0.04m€0.01m▼ 69.6%
Current investments50/53€12.1m€12.6m€12.7m€13.4m€12.9m€15.5m€14.0m€13.2m▼ 5.7%
Cash at bank and in hand54/58€0.8m€2.2m€1.9m€3.0m€2.4m€1.4m€1.1m€2.8m▲ 156%
Deferred charges and accrued income490/1---€0.5m€0.9m€0.5m€0.8m€0.3m▼ 63.4%
Equity and liabilities
Total equity and liabilities10/49€31.5m€31.9m€30.8m€32.3m€31.4m€33.2m€33.9m€34.2m▲ 0.9%
Equity10/15€25.6m€26.3m€26.5m€27.5m€27.1m€28.0m€29.1m€29.4m▲ 1.2%
Reserves13---€7.7m€7.7m€7.7m€7.7m€7.7m=
Profit (loss) carried forward14€17.7m€18.4m€18.6m€19.7m€19.3m€20.3m€21.3m€21.7m▲ 1.8%
Investment grants15---€0.1m€0.08m€0.07m€0.09m€0.05m▼ 45.6%
Provisions and deferred taxes16€0.2m€0.4m€0.4m€0.4m€0.4m€0.5m€0.5m€0.3m▼ 49.8%
Provisions for liabilities and charges160/5---€0.4m€0.4m€0.5m€0.5m€0.3m▼ 49.8%
Major repairs and maintenance162---€0.4m€0.4m€0.5m€0.5m€0.2m▼ 53.5%
Other liabilities and charges164/5---€0.03m€0.03m€0.03m€0.03m€0.03m▲ 4.3%
Amounts payable17/49€5.6m€5.3m€3.9m€4.3m€3.9m€4.7m€4.3m€4.5m▲ 5.3%
Amounts payable after more than one year17€0.01m€0.01m€0.01m€0.02m€0.02m€0.02m€0.02m€0.02m▲ 0.5%
Advances received on contracts in progress176---€0.003m€0.003m€0.003m€0.003m€0.003m=
Other amounts payable178/9---€0.01m€0.01m€0.01m€0.01m€0.01m▲ 0.5%
Amounts payable within one year42/48€5.5m€4.9m€3.7m€3.9m€3.6m€4.0m€4.0m€4.2m▲ 6.1%
Trade debts44€1.8m€1.3m€1.0m€1.1m€0.3m€0.9m€0.6m€0.8m▲ 17.1%
Suppliers440/4---€1.1m€0.3m€0.9m€0.6m€0.8m▲ 17.1%
Taxes, remuneration and social security45---€2.7m€3.3m€3.1m€3.3m€3.5m▲ 4.0%
Taxes450/3---€0.3m€0.4m€0.3m€0.3m€0.4m▲ 5.9%
Remuneration and social security454/9---€2.4m€3.0m€2.8m€3.0m€3.1m▲ 3.8%
Accrued charges and deferred income492/3---€0.4m€0.3m€0.6m€0.3m€0.2m▼ 7.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.4m€0.7m€0.2m€1.1m-€0.4m€1.0m€1.0m€0.4m▼ 61.8%
+ Depreciation and write-downs630€1.3m€1.5m€1.4m€1.3m€1.3m€1.3m€1.4m€1.6m▲ 11.2%
Operating cash flow (approximation)€1.7m€2.2m€1.7m€2.4m€0.9m€2.3m€2.4m€2.0m▼ 19.6%
Investment in fixed assets (approximation)--€1.4m-€0.6m-€0.8m-€1.3m-€2.7m-€3.5m-€0.9m▲ 73.3%
Change in cash-€1.3m-€0.2m€1.1m-€0.6m-€0.9m-€0.3m€1.7m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 513 companies had the same profile as Blankedale has now. Two years later, 96.1% were still going and 0.8% had gone bankrupt.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
96.1% was still going
3.1% stopped otherwise
0.8% went bankrupt

That fits the bankruptcy probability of Blankedale itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 513 companies, not a prediction for Blankedale. 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.

Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 29-05-2026 2026-00130210 PDF
31-12-2024 abbreviated format 03-06-2025 2025-00118570 PDF
31-12-2023 abbreviated format 13-06-2024 2024-00134757 PDF
31-12-2022 abbreviated format 25-03-2024 2024-00048915 PDF
31-12-2021 abbreviated format 01-06-2022 2022-20055698 PDF
31-12-2020 abbreviated format 04-06-2021 2021-17500499 PDF
31-12-2019 abbreviated format 28-05-2020 2020-13400177 PDF
31-12-2018 abbreviated format 16-05-2019 2019-13300531 PDF
31-12-2017 abbreviated format 14-05-2018 2018-12600152 PDF
31-12-2016 abbreviated format 17-05-2017 2017-12300484 PDF

Show all 20 filings

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