Equity
Equity fell by 53% in 6 years.
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Equity fell by 53% in 6 years.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Green is investment, beige is depreciation.
In July 2024, 8,617 companies had the same profile as COMPLEMENTI has now. Each dot stands for 22 companies, two years later.
Another 0.2% 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 8,617 companies, not a prediction for COMPLEMENTI. 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 | ||||
|---|---|---|---|---|
| COMPLEMENTI Knokke-Heist | €818,805 | -€8,101 | 64.0% | - |
| QUATTRO INVEST Bruges | €835,758 | -€97,050 | 49.1% | 0 |
| VANHOVE INVEST Diksmuide | €709,333 | -€30,308 | 99.2% | - |
| BERIMMO Ostend | €677,180 | -€47,401 | 5.2% | - |
| GL-IMMO Houthalen-Helchteren | €762,186 | -€83,783 | -193.8% | - |
| BEST FINANCES Brussels | €741,322 | -€31,658 | 22.0% | - |
| BOA Herzele | €824,181 | -€11,303 | 63.4% | - |
These companies have the same main activity as COMPLEMENTI: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €677,000 and €836,000, founded between 1992 and 1998.
COMPLEMENTI files the micro format. That format states no turnover. The gross margin rose from -€18,814 in 2006 to -€8,101 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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