CODE B
ActiveSummary
The computed 12-month bankruptcy probability of CODE B is 6.9% (elevated). The 2024 annual accounts show equity of €14,338 and a net result of -€605. Equity is shrinking by ~3.8% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, micro schema
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result stays negative: a loss of €605 in 2024 against €605 in 2023.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €55 | - | - | - | - |
| Gross operating margin9900 | -€555 | -€545 | -€561 | -€690 | -€303 | -€605 | -€605 | = |
| Operating profit (loss)9901 | -€555 | -€599 | -€615 | -€745 | -€303 | -€605 | -€605 | = |
| Financial charges65/66B | - | - | - | €59 | - | - | - | - |
| Recurring financial charges65 | €40 | €67 | €56 | €59 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€595 | -€666 | -€672 | -€804 | -€303 | -€605 | -€605 | = |
| Profit (loss) for the period9904 | -€595 | -€666 | -€672 | -€804 | -€303 | -€605 | -€605 | = |
| Profit (loss) for the period to be appropriated9905 | -€595 | -€666 | -€672 | -€804 | -€303 | -€605 | -€605 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €22,308 | €21,642 | €20,970 | €15,866 | €15,866 | €15,866 | €15,866 | = |
| Current assets29/58 | €22,308 | €21,642 | €20,970 | €15,866 | €15,866 | €15,866 | €15,866 | = |
| Amounts receivable within one year40/41 | - | - | - | €15,866 | €15,866 | €15,866 | €15,866 | = |
| Trade receivables40 | - | - | - | €15,866 | €15,866 | €15,866 | €15,866 | = |
| Cash at bank and in hand54/58 | €22,308 | €21,642 | €20,970 | - | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €22,308 | €21,642 | €20,970 | €15,866 | €15,866 | €15,866 | €15,866 | = |
| Equity10/15 | €17,992 | €17,326 | €16,655 | €15,851 | €15,548 | €14,943 | €14,338 | ▼ 4.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €9,932 | €9,266 | €8,595 | €7,791 | €7,488 | €6,883 | €6,278 | ▼ 8.8% |
| Amounts payable17/49 | €4,316 | €4,316 | €4,316 | €16 | €318 | €923 | €1,528 | ▲ 65.5% |
| Amounts payable within one year42/48 | €4,316 | €4,316 | €4,316 | €16 | €318 | €923 | €1,528 | ▲ 65.5% |
| Other amounts payable47/48 | - | - | - | €16 | €318 | €923 | €1,528 | ▲ 65.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€595 | -€666 | -€672 | -€804 | -€303 | -€605 | -€605 | = |
| Operating cash flow (approximation) | -€595 | -€666 | -€672 | -€804 | -€303 | -€605 | -€605 | = |
| Change in cash | - | -€666 | -€672 | - | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.