Turnover
The micro format states no turnover.
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The micro format states no turnover.
Short-term debts fell from €20,240 to €8,209.
Less equity than 90% of companies in warehousing and transport support. Sector median €64,560 · 41 companies.
In July 2024, 26,972 companies had the same profile as CODESARE has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
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.
| 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 26,972 companies, not a prediction for CODESARE. 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.
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| Company | ||||
|---|---|---|---|---|
| CODESARE Les Bons Villers | €18,676 | €8,726 | 50.7% | - |
| TITRE D'ELEGANCE Kraainem | €22,682 | €12,266 | 66.2% | - |
| RVPU Sint-Niklaas | €33,084 | €6,317 | 21.8% | - |
| BELGIUM TRANSPORT EXPRESS Denderleeuw | €19,176 | €5,231 | 71.1% | - |
| YMA TECH Sint-Pieters-Leeuw | €24,970 | €13,163 | 86.6% | - |
| FELIX SWINNE Mons | €15,277 | €3,572 | 96.5% | - |
| SARA EXPRESS Schaerbeek | €20,401 | €4,605 | 2.0% | - |
These companies have the same main activity as CODESARE: service activities incidental to land transportation (NACE 52210). They are comparable in size and age: total assets between €15,300 and €33,100, founded between 2017 and 2022.
CODESARE files the micro format. That format states no turnover. The gross margin fell from €18,613 in 2021 to €8,726 in 2026.
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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