Losses
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
The accounts state no turnover.
Four of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
In July 2024, 2,685 companies had the same profile as CDFI has now. Each dot stands for 7 companies, two years later.
Another 0.3% 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 2,685 companies, not a prediction for CDFI. 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 | ||||
|---|---|---|---|---|
| CDFI Braine-l'Alleud | €0.9m | €434 | 55.5% | - |
| FK IMMO Waterloo | €0.7m | -€7,792 | -18.7% | - |
| MONFORT.EU Wavre | €0.9m | -€12,017 | -58.2% | 0 |
| GENRA Etterbeek | €1.0m | -€2,869 | 28.1% | - |
| D.P.L. INVEST Lichtervelde | €0.8m | -€2,668 | -3.9% | - |
| DEPA Lokeren | €1.1m | -€3,984 | 30.4% | - |
| LAAR Geel | €0.8m | -€13,711 | 51.2% | - |
These companies have the same main activity as CDFI: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €749,000 and €1.1m, founded between 2006 and 2011.
CDFI files the micro format. That format states no turnover. The gross margin rose from -€335 in 2009 to €434 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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