Equity
Equity fell by 49% in 7 years.
Equity fell by 49% in 7 years.
The last five annual accounts were filed 0 to 56 days before the end of the period.
The dashed line is the sector median: 0.4% across 26,900 companies (NACE 46, micro).
Fewer than 1 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 46, micro). It does better than 65% of them on solvency, 83% on liquidity, 34% on profitability and 53% on growth.
The bankruptcy probability was computed on 05-11-2026 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, 17,041 companies had the same profile as DALTON MEDICAL has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DALTON MEDICAL itself: 0.1% within 12 months.
The method was tested on the 497,447 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 17,041 companies, not a prediction for DALTON MEDICAL. 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 ample, with a current ratio of 2.41 (2.65 in 2024), above the usual 1.5. Short-term debt is 41.4% and cash 56.2% of total assets. 41.4% 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 7 accounts on average 21 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| DALTON MEDICAL Turnhout | €86,360 | €159,174 | 58.6% | 1.7 |
| Lopital België Aartselaar | €120,231 | €270,349 | 67.8% | 3.2 |
| BO Medical Technologies Belgium Machelen (Brab.) | €125,400 | €168,592 | -47.0% | 2 |
| PHARMACEUTICAL ENTERPRISES BELGIUM Kontich | €102,491 | €53,524 | 68.2% | 0.8 |
| Lifehouse Kortrijk | €196,011 | €165,094 | -34.6% | 0.8 |
| GRAFIMEDICS SUPPORT BELGIUM Vilvoorde | €154,953 | €418,898 | 57.3% | 5.2 |
| AMOPHAR Schelle | €401,301 | €83,196 | -253.6% | 1.8 |
These companies have the same main activity as DALTON MEDICAL: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €102,000 and €401,000, founded between 1995 and 2013.
DALTON MEDICAL files the abbreviated format. That format states no turnover. The gross margin rose from €122,883 in 2007 to €159,174 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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