CTR
ActiveSummary
The computed 12-month bankruptcy probability of CTR is 4.8% (elevated). The 2024 annual accounts show negative equity (-€2,776) and a net result of -€1,336. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, unclassified schema
2023 to 2024, 2 fiscal years
The operating result stays negative: a loss of €1,219 in 2024 against €4,327 in 2023; the loss shrinks.
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 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 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 7,639 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Other operating charges640/8 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | -€3,943 | -€832 | ▲ 78.9% |
| Operating profit (loss)9901 | -€4,327 | -€1,219 | ▲ 71.8% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €113 | €117 | ▲ 4.0% |
| Recurring financial charges65 | €113 | €117 | ▲ 4.0% |
| Profit (loss) for the period before taxes9903 | -€4,440 | -€1,336 | ▲ 69.9% |
| Profit (loss) for the period9904 | -€4,440 | -€1,336 | ▲ 69.9% |
| Profit (loss) for the period to be appropriated9905 | -€4,440 | -€1,336 | ▲ 69.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €362 | €7,335 | ▲ 1,928% |
| Current assets29/58 | €362 | €7,335 | ▲ 1,928% |
| Amounts receivable within one year40/41 | €362 | €0 | ▼ 100% |
| Other amounts receivable41 | €362 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | - | €5,735 | - |
| Deferred charges and accrued income490/1 | - | €1,600 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €362 | €7,335 | ▲ 1,928% |
| Equity10/15 | -€1,440 | -€2,776 | ▼ 92.8% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€4,440 | -€5,776 | ▼ 30.1% |
| Amounts payable17/49 | €1,801 | €10,111 | ▲ 461% |
| Amounts payable within one year42/48 | €1,801 | €2,711 | ▲ 50.5% |
| Trade debts44 | €152 | €742 | ▲ 388% |
| Suppliers440/4 | €152 | €742 | ▲ 388% |
| Taxes, remuneration and social security45 | - | €424 | - |
| Taxes450/3 | - | €424 | - |
| Other amounts payable47/48 | €1,649 | €1,544 | ▼ 6.4% |
| Accrued charges and deferred income492/3 | - | €7,400 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€4,440 | -€1,336 | ▲ 69.9% |
| Operating cash flow (approximation) | -€4,440 | -€1,336 | ▲ 69.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.