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DAXPI

Active
Private limited companyfounded 20233 yrs activeLuikersteenweg 497, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 0802.373.607
Summary

The computed 12-month bankruptcy probability of DAXPI is 4.0% (moderate). The 2024 annual accounts show equity of €2,842 and a net result of €342. Its solvency ranks better than 43% of 18932 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Financials · fiscal year 2024, micro schema

Equity
€2,842
Total assets
€13,836
Net result
€342
Working capital
€2,034

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €13,836
Fixed assets €1,813
Current assets €12,023
Equity and liabilities €13,836
Equity €2,842
Debt €10,995
Debt finances 79.5% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€2,203
Cash flow
€1,129
Current ratio
1.20
Debt to equity
3.87
ROE
12.0%
ROA
2.5%
Interest coverage
2.33
Debt ≤ 1 year
€9,989
Income taxes
€130

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.0% 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 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,542 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€13,836
Fixed assets21/28€1,813
Tangible fixed assets22/27€1,813
Land and buildings22€1,813
Current assets29/58€12,023
Cash at bank and in hand54/58€11,862
Deferred charges and accrued income490/1€162
Equity and liabilities
Total equity and liabilities10/49€13,836
Equity10/15€2,842
Contributions10/11€2,500
Reserves13€342
Distributable reserves133€342
Amounts payable17/49€10,995
Amounts payable within one year42/48€9,989
Trade debts44€2,795
Suppliers440/4€2,795
Taxes, remuneration and social security45€7,175
Taxes450/3€7,175
Other amounts payable47/48€19
Accrued charges and deferred income492/3€1,006
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€787
Other operating charges640/8€2,845
Gross operating margin9900€5,047
Operating profit (loss)9901€1,416
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€945
Recurring financial charges65€945
Profit (loss) for the period before taxes9903€471
Income taxes67/77€130
Profit (loss) for the period9904€342
Profit (loss) for the period to be appropriated9905€342
Appropriation of the result
Profit (loss) to be appropriated9906€342
Transfer to equity691/2€342
To other reserves6921€342

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€787
Other operating charges640/8€2,845
Gross operating margin9900€5,047
Operating profit (loss)9901€1,416
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€945
Recurring financial charges65€945
Profit (loss) for the period before taxes9903€471
Income taxes67/77€130
Profit (loss) for the period9904€342
Profit (loss) for the period to be appropriated9905€342
Line2024
Assets
Total assets20/58€13,836
Fixed assets21/28€1,813
Tangible fixed assets22/27€1,813
Land and buildings22€1,813
Current assets29/58€12,023
Cash at bank and in hand54/58€11,862
Deferred charges and accrued income490/1€162
Equity and liabilities
Total equity and liabilities10/49€13,836
Equity10/15€2,842
Contributions10/11€2,500
Reserves13€342
Distributable reserves133€342
Amounts payable17/49€10,995
Amounts payable within one year42/48€9,989
Trade debts44€2,795
Suppliers440/4€2,795
Taxes, remuneration and social security45€7,175
Taxes450/3€7,175
Other amounts payable47/48€19
Accrued charges and deferred income492/3€1,006
Line2024
Profit (loss) for the period9904€342
+ Depreciation and write-downs630€787
Operating cash flow (approximation)€1,129

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 14,003 companies in this sector we hold annual accounts for 4,950. 2,150 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector