The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The latest figures are for FY 2016. They are too old for a current score.
Filing: Five or more annual filings are missing. This points to a standstill, not an imminent failure.
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
The KBO gives the legal form as “Foreign entity”. Checked does not compute a bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.
Financial strength, FY 2016
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Registered office moved from Brussels to Luxembourg
New registered office: 62, avenue Victor Hugo, L-1750 Luxembourg, Grand-Duché de Luxembourg · Previous registered office: Avenue Léo Errera 22, 1180 Bruxelles (Uccle) · Resignations: Name hiddenVisible after signing in (manager) and Hidden nameVisible after signing in (manager) · General meeting of 28-08-2017 · Gazette deed
Incorporation
published on 28-04-2014 · Gazette deed
ELSOEDE has the legal form “Foreign entity” in the KBO. Checked does not compute a bankruptcy probability for it. The 2016 annual accounts show equity of €8.7m and a net result of €2.1m.
Equity has been growing by about 15% per year since 2014. The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.