E.C.K.
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 30-09-2026 at the NBB all 26 filings
Turnover
€38.6m▲ 0.5%
2025 · €38.4m
EBIT margin
2.5%▼ 1.7pp
2025 · 4.2%
Net result
€667,108▼ 42.0%
2025 · €1.1m
Working capital
€5.7m▼ 21.0%
2025 · €7.2m
In the rankings
#6 employer in Herentals, Wholesale and retail trade sector#9 company by total assets in Herentals, Wholesale and retail trade sector
Multi-year overview
2018 to 2026, 8 financial yearsTurnover
€38.6m
▲ 0.5%
2026
20182026
Operating result
€967,553
▼ 39.5%
2026
20182026
Net result
€667,108
▼ 42.0%
2026
20182026
EBIT margin
2.5%
▼ 1.7pp
2026
20182026
Equity
€5.9m
▼ 26.6%
2026
20182026
Total assets
€15.5m
▲ 41.7%
2026
20182026
Debt
€9.5m
▲ 238%
2026
20182026
Working capital
€5.7m
▼ 21.0%
2026
20182026
Solvency
38.4%
▼ 35.7pp
2026
20182026
Current ratio
1.65
▼ 2.10
2026
20182026
Return on assets (ROA)
4.3%
▼ 6.2pp
2026
20182026
Staff (FTE)
43.8
▼ 0.2%
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182020202120222023202420252026
Turnover€32.7m-€42.2m-€39.7m▼ 6.0%€42.8m▲ 7.9%€44.0m▲ 2.8%€36.9m▼ 16.1%€38.4m▲ 4.1%€38.6m▲ 0.5%
Operating result€1.5m-€2.2m-€2.9m▲ 35.6%€3.2m▲ 9.7%€2.7m▼ 16.8%€1.7m▼ 37.8%€1.6m▼ 4.3%€1.0m▼ 39.5%
Net result€1.0m-€1.6m-€2.1mabove the sector's middle half▲ 33.0%€2.4mabove the sector's middle half▲ 10.9%€1.9mabove the sector's middle half▼ 18.9%€1.2mabove the sector's middle half▼ 38.4%€1.1mabove the sector's middle half▼ 3.2%€0.7m▼ 42.0%
EBIT margin4.5%-5.1%-7.4%▲ 2.3pp7.5%▲ 0.1pp6.1%▼ 1.4pp4.5%▼ 1.6pp4.2%▼ 0.4pp2.5%▼ 1.7pp
Equity€1.3m-€2.4m-€3.5mwithin the sector's middle half▲ 45.1%€4.8mabove the sector's middle half▲ 37.8%€6.6mabove the sector's middle half▲ 39.0%€7.0mabove the sector's middle half▲ 6.0%€8.1mabove the sector's middle half▲ 15.4%€5.9m▼ 26.6%
Total assets€8.8m-€10.0m-€11.6mwithin the sector's middle half▲ 16.6%€12.2mwithin the sector's middle half▲ 4.9%€10.9mwithin the sector's middle half▼ 10.1%€10.2mwithin the sector's middle half▼ 6.4%€10.9mwithin the sector's middle half▲ 6.6%€15.5m▲ 41.7%
Debt€7.5m-€7.6m-€8.2m▲ 7.6%€7.4m▼ 9.1%€4.3m▼ 41.7%€3.2m▼ 25.3%€2.8m▼ 12.5%€9.5m▲ 238%
Working capital€0.8m-€1.6m-€3.2mwithin the sector's middle half▲ 97.2%€4.5mabove the sector's middle half▲ 40.4%€6.3mabove the sector's middle half▲ 39.6%€6.6mabove the sector's middle half▲ 4.9%€7.2mabove the sector's middle half▲ 9.9%€5.7m▼ 21.0%
Solvency14.4%-23.9%-29.8%within the sector's middle half▲ 5.9pp39.1%within the sector's middle half▲ 9.4pp60.5%within the sector's middle half▲ 21.4pp68.5%above the sector's middle half▲ 8.0pp74.2%above the sector's middle half▲ 5.6pp38.4%▼ 35.7pp
Current ratio1.11-1.23-1.41within the sector's middle half▲ 0.181.62within the sector's middle half▲ 0.212.53within the sector's middle half▲ 0.913.10above the sector's middle half▲ 0.573.75above the sector's middle half▲ 0.651.65▼ 2.10
Return on assets (ROA)11.2%-16.2%-18.5%above the sector's middle half▲ 2.3pp19.5%above the sector's middle half▲ 1.1pp17.6%above the sector's middle half▼ 1.9pp11.6%above the sector's middle half▼ 6.0pp10.5%above the sector's middle half▼ 1.1pp4.3%▼ 6.2pp
Staff (FTE)37.7-38.2-40.5above the sector's middle half▲ 6.0%41.4above the sector's middle half▲ 2.2%45.9above the sector's middle half▲ 10.9%45.1above the sector's middle half▼ 1.7%43.9above the sector's middle half▼ 2.7%43.8▼ 0.2%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 39% lower than in 2025 and the lowest since 2018. It is the fourth fall in a row.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €15.5m
Fixed assets
€960,004 ▼ 9.7%
Current assets
€14.5m ▲ 47.2%
Equity and liabilities €15.5m
Equity
€5.9m ▼ 26.6%
Debt
€9.5m ▲ 238%
Debt's share of the balance-sheet total rises from 25.8% to 61.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.2m▼
2025 · €1.7m
Cash flow
€894,783▼
2025 · €1.3m
Quick ratio
1.13▼
2025 · 2.31
Debt to equity
1.60▲
2025 · 0.35
ROE
11.2%▼
2025 · 14.2%
Interest coverage
13.94▼
2025 · 40.14
Debt ≤ 1 year
€8.8m▲
2025 · €2.6m
Debt > 1 year
€606,925▲
2025 · €59,074
Income taxes
€277,741▼
2025 · €419,076
Customer credit
52 days▲
2025 · 48 days
Supplier credit
27 days▲
2025 · 15 days
Staff costs
€3.3m▲
2025 · €3.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Revenue breakdown
By activity 2021
- groothandel €39,650,416100.0%
Source: 2021 accounts, page 19, filing 2021-71300327
By geographic market 2021
- België €39,243,14599.0%
- Europese Unie €407,2711.0%
Total €39,650,416
Source: 2021 accounts, page 19, filing 2021-71300327
All years (2012 to 2021)
By activity
| By activity | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| groothandel | €24,122,374 | €26,582,214 | €24,749,978 | €26,576,160 | €27,554,262 | €29,156,699 | €32,049,190 | €32,049,190 | €41,357,883 | €39,650,416 |
By geographic market
| By geographic market | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| België | €23,588,046 | €26,362,694 | €24,516,763 | €26,385,513 | €27,192,226 | €28,832,413 | €31,717,746 | €31,717,746 | €40,794,397 | €39,243,145 |
| Europese Unie | €502,406 | €202,282 | €204,467 | €190,646 | €362,035 | €324,286 | €331,444 | €331,444 | €563,486 | €407,271 |
| Buiten Europese Unie | €31,922 | €17,239 | €28,749 | €0 | - | - | - | - | - | - |
| Total | €24,122,374 | €26,582,214 | €24,749,978 | €26,576,160 | €27,554,262 | €29,156,699 | €32,049,190 | €32,049,190 | €41,357,883 | €39,650,416 |
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 45 | 47 | 47 | 45 | 47 |
| full-time | 40 | 42 | 37 | 32 | 32 |
| part-time | 5 | 5 | 10 | 13 | 15 |
| in full-time equivalents | 43.8 | 45.9 | 45 | 42.6 | 43.8 |
| Average over the year, in full-time equivalents | 41.4 | 45.2 | 45.1 | 43.9 | 43.5 |
| On a permanent contract | 45 | 47 | 47 | 45 | 47 |
| Joined | 12 | 6 | 5 | 6 | 15 |
| Left | 8 | 4 | 5 | 8 | 13 |
| Agency workers, average number | 3.7 | 1.5 | 0.8 | 0.6 | 2 |
| Training hours | - | - | 40 | 21 | 59 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Pledge on the business | €6.0m | €6.0m | €6.0m | €6.0m | €6.9m |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €28,577 | €187,155 | €158,283 | €664,882 | €124,481 |
| Intangible fixed assets | €92,499 | €66,240 | €4,531 | - | - |
| Depreciation and write-downs of the year | €165,135 | €168,455 | €165,406 | €140,492 | €227,675 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Auditor
The auditor is NV Callens Vandelanotte.
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Fee for the audit | €13,504 | €12,700 | €13,248 | €13,445 | €13,718 |
| Other work by the auditor | - | €1,200 | €1,200 | €1,200 | €1,200 |
Source: notes to the 2022 to 2026 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €3,378 awarded · €4,589 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €178 | €178 |
| 2024 | 1 | €901 | €1,335 |
| 2023 | 1 | €1,086 | €1,863 |
| 2022 | 1 | €1,213 | €1,213 |
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €43.0m | €44.3m | €37.0m | €38.6m | €38.8m | ▲ 0.5% |
| Turnover70 | €32.7m | €42.2m | €39.7m | €42.8m | €44.0m | €36.9m | €38.4m | €38.6m | ▲ 0.5% |
| Other operating income74 | - | - | - | €0.2m | €0.3m | €0.1m | €0.07m | €0.2m | ▲ 113% |
| Non-recurring operating income76A | - | - | - | €0.02m | - | - | €0.08m | €0.005m | ▼ 93.7% |
| Operating charges60/66A | - | - | - | €39.8m | €41.6m | €35.4m | €37.0m | €37.8m | ▲ 2.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | €34.6m | €35.8m | €29.8m | €31.0m | €31.3m | ▲ 1.0% |
| Purchases600/8 | - | - | - | €35.5m | €35.8m | €29.6m | €30.9m | €32.1m | ▲ 3.8% |
| Change in stocks: decrease (increase)609 | - | - | - | -€1.0m | €0.03m | €0.3m | €0.06m | -€0.8m | - |
| Services and other goods61 | - | - | - | €2.1m | €2.3m | €2.1m | €2.5m | €2.9m | ▲ 18.0% |
| Remuneration, social security and pensions62 | - | - | - | €2.7m | €3.0m | €3.1m | €3.1m | €3.3m | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 62.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.2m | -€0.3m | €0.1m | €0.2m | €0.08m | ▼ 62.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.002m | -€0.002m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.6m | €0.03m | €0.03m | €0.04m | ▲ 34.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.04m | €0.01m | - | - |
| Operating profit (loss)9901 | €1.5m | €2.2m | €2.9m | €3.2m | €2.7m | €1.7m | €1.6m | €1.0m | ▼ 39.5% |
| Financial income75/76B | - | - | - | €0.04m | €0.04m | €0.006m | €0.02m | €0.06m | ▲ 329% |
| Recurring financial income75 | €0.02m | €0.2m | €0.02m | €0.04m | €0.04m | €0.006m | €0.02m | €0.06m | ▲ 329% |
| Income from financial fixed assets750 | - | - | - | €0.02m | - | - | - | - | - |
| Income from current assets751 | - | - | - | - | €0.009m | - | - | - | - |
| Other financial income752/9 | - | - | - | €0.01m | €0.03m | €0.006m | €0.02m | €0.06m | ▲ 329% |
| Financial charges65/66B | - | - | - | €0.06m | €0.09m | €0.07m | €0.04m | €0.09m | ▲ 97.2% |
| Recurring financial charges65 | €0.08m | €0.1m | €0.09m | €0.06m | €0.09m | €0.07m | €0.04m | €0.09m | ▲ 97.2% |
| Debt charges650 | €0.08m | €0.1m | €0.08m | €0.06m | €0.09m | €0.07m | €0.04m | €0.09m | ▲ 97.9% |
| Other financial charges652/9 | - | - | - | €0.001m | €122 | €0.003m | €0.001m | €0.002m | ▲ 68.1% |
| Profit (loss) for the period before taxes9903 | €1.4m | €2.2m | €2.9m | €3.2m | €2.6m | €1.6m | €1.6m | €0.9m | ▼ 39.8% |
| Income taxes67/77 | €0.4m | €0.6m | €0.7m | €0.8m | €0.7m | €0.4m | €0.4m | €0.3m | ▼ 33.7% |
| Taxes670/3 | - | - | - | €1.0m | €0.7m | €0.4m | €0.4m | €0.3m | ▼ 33.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.1m | - | - | - | - | - |
| Profit (loss) for the period9904 | €1.0m | €1.6m | €2.1m | €2.4m | €1.9m | €1.2m | €1.1m | €0.7m | ▼ 42.0% |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €1.6m | €2.1m | €2.4m | €1.9m | €1.2m | €1.1m | €0.7m | ▼ 42.0% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.8m | €10.0m | €11.6m | €12.2m | €10.9m | €10.2m | €10.9m | €15.5m | ▲ 41.7% |
| Fixed assets21/28 | €1.0m | €1.2m | €0.6m | €0.5m | €0.6m | €0.5m | €1.1m | €1.0m | ▼ 9.7% |
| Intangible fixed assets21 | €0.03m | €0.03m | €0.2m | €0.3m | €0.3m | €0.2m | €0.1m | €0.1m | ▼ 21.1% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.2m | €0.3m | €0.4m | €0.9m | €0.9m | ▼ 8.2% |
| Land and buildings22 | - | - | - | €0.05m | €0.03m | €0.02m | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.01m | €0.01m | €0.01m | €0.05m | ▲ 306% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.07m | €0.06m | €0.2m | €0.1m | ▼ 23.2% |
| Leasing and similar rights25 | - | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 12.8% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.05m | €0.2m | €0.6m | €0.6m | ▼ 9.1% |
| Financial fixed assets28 | €0.6m | €0.7m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €7.7m | €8.8m | €11.0m | €11.7m | €10.4m | €9.7m | €9.9m | €14.5m | ▲ 47.2% |
| Stocks and contracts in progress3 | €2.6m | €3.5m | €3.7m | €4.5m | €4.3m | €4.0m | €3.8m | €4.6m | ▲ 20.8% |
| Stocks30/36 | - | - | - | €4.5m | €4.3m | €4.0m | €3.8m | €4.6m | ▲ 20.8% |
| Goods purchased for resale34 | - | - | - | €4.5m | €4.3m | €4.0m | €3.8m | €4.6m | ▲ 20.8% |
| Amounts receivable within one year40/41 | €3.8m | €4.7m | €6.1m | €6.7m | €5.1m | €5.1m | €5.3m | €7.0m | ▲ 32.7% |
| Trade receivables40 | - | - | - | €6.0m | €5.0m | €5.0m | €5.1m | €5.5m | ▲ 7.0% |
| Other amounts receivable41 | - | - | - | €0.7m | €0.1m | €0.08m | €0.2m | €1.5m | ▲ 814% |
| Cash at bank and in hand54/58 | €1.2m | €0.5m | €1.1m | €0.5m | €0.8m | €0.6m | €0.8m | €2.7m | ▲ 252% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.06m | €0.05m | €0.04m | €0.2m | ▲ 536% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.8m | €10.0m | €11.6m | €12.2m | €10.9m | €10.2m | €10.9m | €15.5m | ▲ 41.7% |
| Equity10/15 | €1.3m | €2.4m | €3.5m | €4.8m | €6.6m | €7.0m | €8.1m | €5.9m | ▼ 26.6% |
| Contributions10/11 | €0.5m | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.05m | €0.05m | €0.05m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | €0.3m | €1.4m | €2.5m | €3.8m | €5.7m | €6.1m | €7.1m | €5.0m | ▼ 30.2% |
| Provisions and deferred taxes16 | €0.007m | €0.005m | €0.003m | €0.002m | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.002m | - | - | - | - | - |
| Pensions and similar obligations160 | - | - | - | €0.002m | - | - | - | - | - |
| Amounts payable17/49 | €7.5m | €7.6m | €8.2m | €7.4m | €4.3m | €3.2m | €2.8m | €9.5m | ▲ 238% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | €0.1m | €0.06m | €0.6m | ▲ 927% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.06m | €0.6m | ▲ 927% |
| Leasing and similar obligations172 | - | - | - | - | €0.1m | €0.09m | €0.06m | €0.03m | ▼ 52.9% |
| Credit institutions173 | - | - | - | €0.2m | €0.1m | €0.01m | - | €0.6m | - |
| Amounts payable within one year42/48 | €7.0m | €7.1m | €7.8m | €7.2m | €4.1m | €3.1m | €2.6m | €8.8m | ▲ 235% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.05m | €0.1m | ▲ 194% |
| Financial debts43 | - | - | - | €4.0m | €0.9m | - | - | €5.2m | - |
| Credit institutions430/8 | - | - | - | €4.0m | €0.9m | - | - | €5.2m | - |
| Trade debts44 | €0.5m | €0.7m | €2.4m | €1.5m | €1.3m | €1.2m | €1.3m | €2.5m | ▲ 87.5% |
| Suppliers440/4 | - | - | - | €1.5m | €1.3m | €1.2m | €1.3m | €2.5m | ▲ 87.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 3.3% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.1m | €0.3m | €0.2m | ▼ 28.9% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 20.9% |
| Other amounts payable47/48 | - | - | - | €1.1m | €1.0m | €1.1m | €0.5m | €0.1m | ▼ 70.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.1m | €0.1m | ▼ 11.4% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €1.6m | €2.1m | €2.4m | €1.9m | €1.2m | €1.1m | €0.7m | ▼ 42.0% |
| + Depreciation and write-downs630 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 62.1% |
| Operating cash flow (approximation) | €1.1m | €1.8m | €2.3m | €2.5m | €2.1m | €1.4m | €1.3m | €0.9m | ▼ 30.6% |
| Investment in fixed assets (approximation) | - | - | €0.4m | -€0.05m | -€0.3m | -€0.1m | -€0.7m | -€0.1m | ▲ 81.3% |
| Change in cash | - | - | €0.6m | -€0.7m | €0.4m | -€0.3m | €0.2m | €1.9m | ▲ 831% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as E.C.K. has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of E.C.K. itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 14,766 companies, not a prediction for E.C.K.. 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.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 30-09-2026 | 2026-00532920 | |
| 31-03-2025 | full format | 01-10-2025 | 2025-00521522 | |
| 31-03-2024 | full format | 24-09-2024 | 2024-00469628 | |
| 31-03-2023 | full format | 27-09-2023 | 2023-00458115 | |
| 31-03-2022 | full format | 16-09-2022 | 2022-20431464 | |
| 31-03-2021 | full format | 06-10-2021 | 2021-71300327 | |
| 31-03-2020 | full format | 05-10-2020 | 2020-59000379 | |
| 31-12-2018 | full format | 24-07-2019 | 2019-36500368 | |
| 31-12-2017 | full format | 30-07-2018 | 2018-40100313 | |
| 31-12-2016 | full format | 20-07-2017 | 2017-34400298 |