Equity
Equity fell in 2025 from €709,851 to €483,317.
Equity fell in 2025 from €709,851 to €483,317.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Of this, €550,122 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 10.2% higher than in 2024.
Short-term debts rose from €490,699 to €550,122.
Lower net result than 95% of companies in accommodation. Sector median €2,249 · 1,611 companies.
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro). It does better than 53% of them on solvency, 66% on liquidity, 12% on profitability and 17% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,207 companies had the same profile as COMPAGNIE P has now. Each dot stands for 4 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of COMPAGNIE P itself is lower: 0.4% within 12 months. It rests on far more data about COMPAGNIE P than the profile alone.
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 1,207 companies, not a prediction for COMPAGNIE P. 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.
Liquidity is insufficient, with a current ratio of 0.45 (1.0 in 2024), below 1. Short-term debt is 29.9% and cash 12.9% of total assets. 73.7% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 6 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| COMPAGNIE P Leuven | €1.8m | -€92,638 | 26.3% | - |
| COMPAGNIE B Alken | €1.8m | -€10,283 | 14.2% | - |
| Château Cousin d'Hazeilles Tenneville | €2.2m | -€54,245 | 95.1% | - |
| IRMAR Middelkerke | €1.4m | -€27,587 | 24.6% | - |
| BLUE EDEN Manage | €1.4m | €1,227 | -39.7% | - |
| Compagnie des Ardennes Sint-Martens-Latem | €1.5m | -€29,495 | -3.8% | - |
| Brume Bilzen-Hoeselt | €1.0m | -€15,018 | -14.1% | - |
These companies have the same main activity as COMPAGNIE P: other holiday and short-stay accommodation (NACE 55209). They are comparable in size and age: total assets between €1m and €2.2m, founded between 2022 and 2024.
COMPAGNIE P has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €483,317 and a net result of -€226,533.
Its solvency ranks better than 56% of 1,609 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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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