The last five annual accounts were filed 31 to 49 days before the end of the period.
Turnover not published (micro format)
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
Score breakdown
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as Carnotim has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
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.
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 14,766 companies, not a prediction for Carnotim. 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.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
Credit check for an amount and term of your choice
Amendment of the articles · Resignations & appointments
Change of role: , from director to niet statutaire en enige bestuurder alsook afgevaardigd bestuurder · Resignation: (director) · holds 9,999 shares · General meeting of 31-01-2024 · Gazette deed
3 directors reappointed
, and (managing director) · General meeting of 08-06-2022 · Gazette deed
1 director appointed, 1 resignation
Resignation: · Permanent representative: · Appointment: · General meeting of 23-04-2020 · Gazette deed
Registered office moved from Brasschaat to Wuustwezel
New registered office: Bredabaan 421 bus 1, 2990 Wuustwezel · Previous registered office: Bredabaan 205-207 bus 3, 2930 Brasschaat, België · Board meeting of 21-11-2016 · Gazette deed
“Hetzij voor eigen rekening,hetzij voor rekening van derden of bij deelneming in België of…” (deed in Dutch)From the articles, 2 activitiesNo NACE code in the KBO yet