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Public limited companyfounded 1965active for 61 yearsParc artisanal de Harzé 9, 4920 Harzé-Aywaille, BelgiumKBO/BCE: BE 0403.940.266

Financials · financial year 2025, full format

Annual accounts 2025 filed on 02-07-2026 at the NBB all 48 filings

Turnover
€2.1m▲ 21.3%
2024 · €1.7m
EBIT margin
8.3%▲ 1.3pp
2024 · 7.0%
Net result
€107,927▲ 55.2%
2024 · €69,563
Working capital
€3.2m▲ 25.0%
2024 · €2.5m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€2.1m
▲ 21.3% 2025
20182025
Operating result
€176,413
▲ 43.3% 2025
20182025
Net result
€107,927
▲ 55.2% 2025
middle half of the sector
20182025
EBIT margin
8.3%
▲ 1.3pp 2025
20182025
Equity
€3.0m
▼ 40.9% 2025
highest quarter of the sector
20182025
Total assets
€3.8m
▼ 33.1% 2025
middle half of the sector
20182025
Debt
€398,598
▼ 22.6% 2025
20182025
Working capital
€3.2m
▲ 25.0% 2025
highest quarter of the sector
20182025
Solvency
80.3%
▼ 10.6pp 2025
highest quarter of the sector
20182025
Current ratio
8.99
▲ 3.08 2025
highest quarter of the sector
20182025
Return on assets (ROA)
2.8%
▲ 1.6pp 2025
middle half of the sector
20182025
Staff (FTE)
10.9
▼ 19.3% 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€36.8m-€1.8m▼ 95.0%€1.4m▼ 23.8%€1.5m▲ 6.6%€1.7m▲ 11.2%€2.0m▲ 18.6%€1.7m▼ 11.8%€2.1m▲ 21.3%
Operating result€1.7m-€0.6m▼ 65.1%€0.2m▼ 62.5%€0.09m▼ 59.0%€0.5m▲ 488%€0.4m▼ 22.1%€0.1m▼ 69.9%€0.2m▲ 43.3%
Net result€1.0m-€0.3m▼ 71.2%€0.1mabove the sector's middle half▼ 62.4%€0.03mwithin the sector's middle half▼ 72.2%€0.3mabove the sector's middle half▲ 12×€0.3mabove the sector's middle half▼ 23.3%€0.07mwithin the sector's middle half▼ 73.4%€0.1mwithin the sector's middle half▲ 55.2%
EBIT margin4.5%-31.3%▲ 26.8pp15.4%▼ 15.9pp5.9%▼ 9.5pp31.4%▲ 25.4pp20.6%▼ 10.8pp7.0%▼ 13.6pp8.3%▲ 1.3pp
Equity€5.2m-€5.4m▲ 5.4%€5.2mabove the sector's middle half▼ 4.6%€5.2mabove the sector's middle half▲ 0.5%€5.4mabove the sector's middle half▲ 3.6%€5.2mabove the sector's middle half▼ 4.5%€5.1mabove the sector's middle half▼ 0.3%€3.0mabove the sector's middle half▼ 40.9%
Total assets€28.9m-€18.5m▼ 36.0%€10.0mabove the sector's middle half▼ 46.0%€7.3mabove the sector's middle half▼ 26.8%€7.1mabove the sector's middle half▼ 3.6%€7.2mabove the sector's middle half▲ 2.3%€5.7mabove the sector's middle half▼ 21.5%€3.8mwithin the sector's middle half▼ 33.1%
Debt€23.2m-€12.6m▼ 45.5%€4.4m▼ 65.5%€1.7m▼ 62.0%€1.2m▼ 26.9%€1.6m▲ 33.3%€0.5m▼ 68.1%€0.4m▼ 22.6%
Working capital€4.7m-€2.4m▼ 49.3%€2.3mabove the sector's middle half▼ 3.9%€2.5mabove the sector's middle half▲ 10.2%€2.9mabove the sector's middle half▲ 12.6%€2.8mabove the sector's middle half▼ 2.9%€2.5mabove the sector's middle half▼ 9.0%€3.2mabove the sector's middle half▲ 25.0%
Solvency17.8%-29.4%▲ 11.5pp51.9%within the sector's middle half▲ 22.6pp71.3%above the sector's middle half▲ 19.4pp76.6%above the sector's middle half▲ 5.3pp71.5%above the sector's middle half▼ 5.0pp90.9%above the sector's middle half▲ 19.3pp80.3%above the sector's middle half▼ 10.6pp
Current ratio1.29-1.19▼ 0.091.56within the sector's middle half▲ 0.362.71above the sector's middle half▲ 1.153.43above the sector's middle half▲ 0.722.72above the sector's middle half▼ 0.715.92above the sector's middle half▲ 3.198.99above the sector's middle half▲ 3.08
Return on assets (ROA)3.4%-1.5%▼ 1.8pp1.1%within the sector's middle half▼ 0.5pp0.4%below the sector's middle half▼ 0.7pp4.8%within the sector's middle half▲ 4.4pp3.6%within the sector's middle half▼ 1.2pp1.2%within the sector's middle half▼ 2.4pp2.8%within the sector's middle half▲ 1.6pp
Staff (FTE)143.6-57.9▼ 59.7%17.9above the sector's middle half▼ 69.1%16.2within the sector's middle half▼ 9.5%14.2within the sector's middle half▼ 12.3%13.8within the sector's middle half▼ 2.8%13.5within the sector's middle half▼ 2.2%10.9within the sector's middle half▼ 19.3%
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 43% higher than in 2024. It is a recovery after the fall in 2024.

Large changes and their cause
  • 2022 Net result +1,066% on 2021. The 2022 profit included a one-off income of €206,250.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets €245,487 ▼ 90.7%
Current assets €3.5m ▲ 16.8%
Equity and liabilities €3.8m
Equity €3.0m ▼ 40.9%
Provisions €350,000 ▲ 159×
Debt €398,598 ▼ 22.6%
Debt's share of the balance-sheet total rises from 9.1% to 10.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€359,031▼
2024 · €394,440
Cash flow
€290,546▼
2024 · €340,855
Quick ratio
8.31▲
2024 · 5.42
Debt to equity
0.13▲
2024 · 0.10
ROE
3.5%▲
2024 · 1.4%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€394,251▼
2024 · €512,850
Income taxes
€65,964▼
2024 · €68,700
Customer credit
38 days▼
2024 · 64 days
Supplier credit
58 days▼
2024 · 114 days
Staff costs
€743,524▼
2024 · €844,674
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 date1615141311
full-time141312109
part-time22232
in full-time equivalents15.614.613.512.210.6
Average over the year, in full-time equivalents16.214.213.813.510.9
On a permanent contract1615141311
Joined01110
Left22222

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

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€250,834----
Pledge on the business€247,894----

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€39,943-€79,241€65,261€7,074
Depreciation and write-downs of the year€277,262€270,534€262,947€271,292€182,618

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

Auditor

fees
Item20212022202320242025
Fee for the audit€4,400€3,800€3,600€3,600€4,013

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

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 84 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.7m€3.8m▼
Fixed assets21/28€2.6m€0.2m▼
Tangible fixed assets22/27€2.4m€0.02m▼
Land and buildings22€2.4m-
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0.04m€0.02m▼
Financial fixed assets28€0.2m€0.2m=
Other financial fixed assets284/8€0.2m€0.2m=
Shares284€0.02m€0.02m=
Amounts receivable and cash guarantees285/8€0.2m€0.2m=
Current assets29/58€3.0m€3.5m▲
Stocks and contracts in progress3€0.3m€0.3m▲
Stocks30/36€0.3m€0.3m▲
Goods purchased for resale34€0.3m€0.3m▲
Amounts receivable within one year40/41€0.5m€0.4m▼
Trade receivables40€0.3m€0.2m▼
Other amounts receivable41€0.2m€0.2m▼
Current investments50/53€0.1m€0.1m▲
Other investments51/53€0.1m€0.1m▲
Cash at bank and in hand54/58€2.2m€2.7m▲
Deferred charges and accrued income490/1€0.002m€0.007m▲
Equity and liabilities
Total equity and liabilities10/49€5.7m€3.8m▼
Equity10/15€5.1m€3.0m▼
Contributions10/11€2.8m€2.1m▼
Capital10€2.8m€2.1m▼
Issued capital100€2.8m€2.1m▼
Revaluation surpluses12€1.2m-
Reserves13€1.1m€0.9m▼
Non-distributable reserves130/1€0.3m€0.2m▼
Legal reserve130€0.3m€0.2m▼
Tax-exempt reserves132€0.03m€0.03m=
Distributable reserves133€0.8m€0.6m▼
Profit (loss) carried forward14€0.007m€0.09m▲
Investment grants15€0.004m€0▼
Provisions and deferred taxes16€0.002m€0.4m▲
Provisions for liabilities and charges160/5-€0.4m
Environmental obligations163-€0.4m
Deferred taxes168€0.002m€0▼
Amounts payable17/49€0.5m€0.4m▼
Amounts payable within one year42/48€0.5m€0.4m▼
Trade debts44€0.2m€0.1m▼
Suppliers440/4€0.2m€0.1m▼
Taxes, remuneration and social security45€0.2m€0.08m▼
Taxes450/3€0.1m€0.01m▼
Remuneration and social security454/9€0.08m€0.06m▼
Other amounts payable47/48€0.1m€0.2m▲
Accrued charges and deferred income492/3€0.002m€0.004m▲
Income statement Code20242025
Operating income70/76A€2.3m€2.4m▲
Turnover70€1.7m€2.1m▲
Other operating income74€0.3m€0.2m▼
Non-recurring operating income76A€0.2m-
Operating charges60/66A€2.2m€2.2m▲
Goods for resale, raw materials and consumables60€0.5m€0.7m▲
Purchases600/8€0.5m€0.8m▲
Change in stocks: decrease (increase)609€0.01m-€0.02m▼
Services and other goods61€0.1m€0.1m▼
Remuneration, social security and pensions62€0.8m€0.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.2m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.1m-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.4m€0.4m▲
Other operating charges640/8€0.06m€0.05m▼
Non-recurring operating charges66A€0.7m-
Operating profit (loss)9901€0.1m€0.2m▲
Financial income75/76B€0.03m€0.01m▼
Recurring financial income75€0.03m€0.01m▼
Income from financial fixed assets750€0.001m€0.001m▲
Income from current assets751€0.01m-
Other financial income752/9€0.02m€0.01m▼
Financial charges65/66B€0.01m€0.02m▲
Recurring financial charges65€0.01m€0.02m▲
Debt charges650€448€2▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0.004m-
Other financial charges652/9€0.01m€0.02m▲
Profit (loss) for the period before taxes9903€0.1m€0.2m▲
Transfer from deferred taxes780€0.002m€0.002m▲
Income taxes67/77€0.07m€0.07m▼
Taxes670/3€0.07m€0.07m▼
Profit (loss) for the period9904€0.07m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.07m€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.09m€0.09m▲
Profit (loss) brought forward from the previous period14P€0.02m-€0.02m▼
Profit to be distributed694/7€0.08m-
Return on contributions (dividend)694€0.08m-
Social balance sheet
Average headcount (FTE)908713.510.9▼

The notes to these accounts have 48 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€2.0m€2.3m€2.3m€2.3m€2.4m▲ 2.7%
Turnover70€36.8m€1.8m€1.4m€1.5m€1.7m€2.0m€1.7m€2.1m▲ 21.3%
Other operating income74---€0.5m€0.4m€0.4m€0.3m€0.2m▼ 30.3%
Non-recurring operating income76A----€0.2m-€0.2m--
Operating charges60/66A---€1.9m€1.8m€1.9m€2.2m€2.2m▲ 0.4%
Goods for resale, raw materials and consumables60---€0.5m€0.6m€0.7m€0.5m€0.7m▲ 48.9%
Purchases600/8---€0.5m€0.6m€0.7m€0.5m€0.8m▲ 57.1%
Change in stocks: decrease (increase)609----€0.06m€0.005m-€0.03m€0.01m-€0.02m-
Services and other goods61---€0.08m€0.2m€0.1m€0.1m€0.1m▼ 22.9%
Remuneration, social security and pensions62---€1.0m€0.7m€0.8m€0.8m€0.7m▼ 12.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.7m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.2m▼ 32.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4------€0.1m--
Provisions for liabilities and charges: additions (uses and reversals)635/8-------€0.4m€0.4m-
Other operating charges640/8---€0.09m€0.04m€0.05m€0.06m€0.05m▼ 12.4%
Non-recurring operating charges66A------€0.7m--
Operating profit (loss)9901€1.7m€0.6m€0.2m€0.09m€0.5m€0.4m€0.1m€0.2m▲ 43.3%
Financial income75/76B---€0.02m€0.004m€0.005m€0.03m€0.01m▼ 55.4%
Recurring financial income75€0.04m€0.006m€0.004m€0.02m€0.004m€0.005m€0.03m€0.01m▼ 55.4%
Income from financial fixed assets750---€0.01m€0.001m€0.001m€0.001m€0.001m▲ 12.0%
Income from current assets751------€0.01m--
Other financial income752/9---€0.009m€0.003m€0.004m€0.02m€0.01m▼ 34.8%
Non-recurring financial income76B---€0.002m-----
Financial charges65/66B---€0.03m€0.01m€0.02m€0.01m€0.02m▲ 17.6%
Recurring financial charges65€1.2m€0.09m€0.02m€0.03m€0.01m€0.02m€0.01m€0.02m▲ 17.6%
Debt charges650€0.1m€0.09m€0.009m€0.01m€0.007m€0.002m€448€2▼ 99.7%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651------€0.004m--
Other financial charges652/9---€0.01m€0.007m€0.01m€0.01m€0.02m▲ 61.7%
Non-recurring financial charges66B---€0.004m-----
Profit (loss) for the period before taxes9903€1.6m€0.5m€0.2m€0.08m€0.5m€0.4m€0.1m€0.2m▲ 25.6%
Transfer from deferred taxes780---€0.002m€0.002m€0.002m€0.002m€0.002m▲ 41.6%
Income taxes67/77€0.6m€0.2m€0.1m€0.05m€0.2m€0.1m€0.07m€0.07m▼ 4.0%
Taxes670/3---€0.05m€0.2m€0.1m€0.07m€0.07m▼ 4.0%
Profit (loss) for the period9904€1.0m€0.3m€0.1m€0.03m€0.3m€0.3m€0.07m€0.1m▲ 55.2%
Profit (loss) for the period to be appropriated9905€1.0m€0.3m€0.1m€0.03m€0.3m€0.3m€0.07m€0.1m▲ 55.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€28.9m€18.5m€10.0m€7.3m€7.1m€7.2m€5.7m€3.8m▼ 33.1%
Fixed assets21/28€7.8m€3.9m€3.6m€3.3m€3.0m€2.8m€2.6m€0.2m▼ 90.7%
Intangible fixed assets21€0.001m--------
Tangible fixed assets22/27€5.0m€3.6m€3.3m€3.1m€2.8m€2.6m€2.4m€0.02m▼ 99.1%
Land and buildings22---€3.0m€2.8m€2.6m€2.4m--
Plant, machinery and equipment23----€0€0€0€0-
Furniture and vehicles24---€0.04m€0.03m€0.02m€0.04m€0.02m▼ 38.5%
Financial fixed assets28€2.8m€0.3m€0.3m€0.2m€0.2m€0.2m€0.2m€0.2m=
Other financial fixed assets284/8---€0.2m€0.2m€0.2m€0.2m€0.2m=
Shares284---€0.02m€0.02m€0.02m€0.02m€0.02m=
Amounts receivable and cash guarantees285/8---€0.2m€0.2m€0.2m€0.2m€0.2m=
Current assets29/58€21.1m€14.7m€6.4m€4.0m€4.0m€4.4m€3.0m€3.5m▲ 16.8%
Stocks and contracts in progress3€0.3m€0.2m€0.2m€0.2m€0.2m€0.3m€0.3m€0.3m▲ 7.3%
Stocks30/36---€0.2m€0.2m€0.3m€0.3m€0.3m▲ 7.3%
Goods purchased for resale34---€0.2m€0.2m€0.3m€0.3m€0.3m▲ 7.3%
Amounts receivable within one year40/41€13.7m€10.5m€4.5m€2.3m€2.6m€1.5m€0.5m€0.4m▼ 18.3%
Trade receivables40---€2.2m€2.6m€1.4m€0.3m€0.2m▼ 28.1%
Other amounts receivable41---€0.05m€0.04m€0.2m€0.2m€0.2m▼ 3.6%
Current investments50/53€0.02m€0.09m€0.09m€0.09m€0.09m€0.09m€0.1m€0.1m▲ 7.1%
Other investments51/53---€0.09m€0.09m€0.09m€0.1m€0.1m▲ 7.1%
Cash at bank and in hand54/58€7.1m€3.9m€1.6m€1.3m€0.8m€2.5m€2.2m€2.7m▲ 26.5%
Deferred charges and accrued income490/1---€0.06m€0.3m€0.02m€0.002m€0.007m▲ 350%
Equity and liabilities
Total equity and liabilities10/49€28.9m€18.5m€10.0m€7.3m€7.1m€7.2m€5.7m€3.8m▼ 33.1%
Equity10/15€5.2m€5.4m€5.2m€5.2m€5.4m€5.2m€5.1m€3.0m▼ 40.9%
Contributions10/11€2.8m€2.8m€2.8m€2.8m€2.8m€2.8m€2.8m€2.1m▼ 26.1%
Capital10---€2.8m€2.8m€2.8m€2.8m€2.1m▼ 26.1%
Issued capital100---€2.8m€2.8m€2.8m€2.8m€2.1m▼ 26.1%
Revaluation surpluses12---€1.6m€1.5m€1.4m€1.2m--
Reserves13€0.3m€0.5m€0.6m€0.7m€0.8m€1.0m€1.1m€0.9m▼ 19.8%
Non-distributable reserves130/1---€0.3m€0.3m€0.3m€0.3m€0.2m▼ 26.1%
Legal reserve130---€0.3m€0.3m€0.3m€0.3m€0.2m▼ 26.1%
Tax-exempt reserves132---€0.03m€0.03m€0.03m€0.03m€0.03m=
Distributable reserves133---€0.4m€0.5m€0.6m€0.8m€0.6m▼ 18.2%
Profit (loss) carried forward14-€0.3m€0.04m€0.06m€0.3m€0.02m€0.007m€0.09m▲ 13×
Investment grants15---€0.01m€0.01m€0.007m€0.004m€0▼ 100%
Provisions and deferred taxes16€0.6m€0.4m€0.4m€0.4m€0.4m€0.4m€0.002m€0.4m▲ 159×
Provisions for liabilities and charges160/5---€0.4m€0.4m€0.4m-€0.4m-
Environmental obligations163-------€0.4m-
Other liabilities and charges164/5---€0.4m€0.4m€0.4m---
Deferred taxes168---€0.007m€0.005m€0.004m€0.002m€0▼ 100%
Amounts payable17/49€23.2m€12.6m€4.4m€1.7m€1.2m€1.6m€0.5m€0.4m▼ 22.6%
Amounts payable after more than one year17€6.8m€0.4m€0.3m€0.1m€0.04m----
Financial debts170/4---€0.1m€0.04m----
Credit institutions173---€0.1m€0.04m----
Amounts payable within one year42/48€16.4m€12.3m€4.1m€1.5m€1.2m€1.6m€0.5m€0.4m▼ 23.1%
Current portion of amounts payable after more than one year42---€0.1m€0.1m€0.04m---
Trade debts44€7.0m€4.0m€0.3m€0.3m€0.2m€0.2m€0.2m€0.1m▼ 32.4%
Suppliers440/4---€0.3m€0.2m€0.2m€0.2m€0.1m▼ 32.4%
Taxes, remuneration and social security45---€0.04m€0.3m€0.3m€0.2m€0.08m▼ 58.3%
Taxes450/3---€0.03m€0.2m€0.3m€0.1m€0.01m▼ 86.6%
Remuneration and social security454/9---€0.008m€0.07m€0.07m€0.08m€0.06m▼ 23.5%
Other amounts payable47/48---€1.0m€0.6m€1.0m€0.1m€0.2m▲ 42.1%
Accrued charges and deferred income492/3---€0.03m€0.002m€0.007m€0.002m€0.004m▲ 109%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1.0m€0.3m€0.1m€0.03m€0.3m€0.3m€0.07m€0.1m▲ 55.2%
+ Depreciation and write-downs630€0.7m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.2m▼ 32.7%
Operating cash flow (approximation)€1.7m€0.6m€0.4m€0.3m€0.6m€0.5m€0.3m€0.3m▼ 14.8%
Investment in fixed assets (approximation)-€3.6m-€0.009m€0.009m€0-€0.07m-€0.07m€2.2m-
Change in cash--€3.2m-€2.3m-€0.2m-€0.6m€1.7m-€0.3m€0.6m-

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, 14,766 companies had the same profile as Close has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
96.2% was still going
3.5% stopped otherwise
0.2% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Close 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 14,766 companies, not a prediction for Close. 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 48 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 02-07-2026 2026-00243867 PDF
31-12-2024 full format 09-07-2025 2025-00251902 PDF
31-12-2023 full format 24-08-2024 2024-00371976 PDF
31-12-2022 full format 23-08-2023 2023-00345274 PDF
31-12-2021 full format 19-08-2022 2022-20296564 PDF
31-12-2020 full format 30-08-2021 2021-59300322 PDF
31-12-2019 full format 08-09-2020 2020-52100279 PDF
31-12-2018 full format 04-07-2019 2019-29100353 PDF
31-12-2017 full format 14-08-2018 2018-47000433 PDF
31-12-2016 full format 26-07-2017 2017-38000349 PDF

Show all 48 filings

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