EXECUTE
ActiveSummary
The computed 12-month bankruptcy probability of EXECUTE is 3.7% (moderate). The 2024 annual accounts show negative equity (-€3,855) and a net result of €2,119. Equity is growing by ~19.8% per year across the filed fiscal years. The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, micro schema
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 84% above 2023.
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 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 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 3,795 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €341 | €341 | €136 | - | - | - | €28 | - |
| Other operating charges640/8 | - | - | - | €1,074 | €891 | €866 | €223 | ▼ 74.2% |
| Gross operating margin9900 | €21,938 | €8,039 | €2,921 | €9,192 | -€4,684 | €2,076 | €2,481 | ▲ 19.5% |
| Operating profit (loss)9901 | €4,390 | -€9,087 | €1,304 | €8,117 | -€5,575 | €1,211 | €2,230 | ▲ 84.2% |
| Financial income75/76B | - | - | - | €2 | - | - | €0 | - |
| Recurring financial income75 | - | €8 | €151 | €2 | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €274 | €181 | €453 | €112 | ▼ 75.4% |
| Recurring financial charges65 | €90 | €224 | €273 | €274 | €181 | €453 | €112 | ▼ 75.4% |
| Profit (loss) for the period before taxes9903 | €4,301 | -€9,304 | €1,181 | €7,845 | -€5,757 | €758 | €2,119 | ▲ 180% |
| Income taxes67/77 | - | - | - | - | -€918 | - | - | - |
| Profit (loss) for the period9904 | €4,301 | -€9,304 | €1,181 | €7,845 | -€4,838 | €758 | €2,119 | ▲ 180% |
| Profit (loss) for the period to be appropriated9905 | €4,301 | -€9,304 | €1,181 | €7,845 | -€4,838 | €758 | €2,119 | ▲ 180% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €27,337 | €26,134 | €24,640 | €15,329 | €5,427 | €6,645 | €5,982 | ▼ 10.0% |
| Fixed assets21/28 | €537 | €196 | €59 | €59 | €59 | €59 | €2,339 | ▲ 3,831% |
| Tangible fixed assets22/27 | €477 | €136 | - | - | - | - | €2,279 | - |
| Other tangible fixed assets26 | - | - | - | - | - | - | €2,279 | - |
| Financial fixed assets28 | €59 | €59 | €59 | €59 | €59 | €59 | €59 | = |
| Current assets29/58 | €26,800 | €25,938 | €24,581 | €15,269 | €5,368 | €6,585 | €3,643 | ▼ 44.7% |
| Amounts receivable within one year40/41 | €13,286 | €11,049 | €7,724 | €4,273 | €2,413 | €1,204 | €1,717 | ▲ 42.6% |
| Trade receivables40 | - | - | - | €3,830 | €2,245 | €808 | €1,484 | ▲ 83.6% |
| Other amounts receivable41 | - | - | - | €443 | €168 | €396 | €233 | ▼ 41.2% |
| Cash at bank and in hand54/58 | €13,514 | €14,889 | €16,857 | €10,996 | €2,955 | €5,382 | €1,742 | ▼ 67.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €185 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €27,337 | €26,134 | €24,640 | €15,329 | €5,427 | €6,645 | €5,982 | ▼ 10.0% |
| Equity10/15 | -€1,615 | -€10,919 | -€9,738 | -€1,893 | -€6,731 | -€5,974 | -€3,855 | ▲ 35.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | €18,600 | €18,600 | - | - | - |
| Other1109/19 | - | - | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €5,213 | €5,213 | €5,213 | €5,213 | €5,213 | €5,213 | €5,213 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €3,353 | €3,353 | €3,353 | €3,353 | = |
| Profit (loss) carried forward14 | -€25,428 | -€34,732 | -€33,551 | -€25,706 | -€30,544 | -€29,786 | -€27,668 | ▲ 7.1% |
| Amounts payable17/49 | €28,952 | €37,053 | €34,378 | €17,222 | €12,159 | €12,618 | €9,837 | ▼ 22.0% |
| Amounts payable within one year42/48 | €28,952 | €37,048 | €34,378 | €17,222 | €12,159 | €12,618 | €9,837 | ▼ 22.0% |
| Trade debts44 | €2,723 | €12,131 | €4,998 | €4,257 | €1,249 | €1,426 | €40 | ▼ 97.2% |
| Suppliers440/4 | - | - | - | €4,257 | €1,249 | €1,426 | €40 | ▼ 97.2% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €1,000 | - |
| Other amounts payable47/48 | - | - | - | €12,965 | €10,909 | €11,192 | €8,797 | ▼ 21.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,301 | -€9,304 | €1,181 | €7,845 | -€4,838 | €758 | €2,119 | ▲ 180% |
| + Depreciation and write-downs630 | €341 | €341 | €136 | - | - | - | €28 | - |
| Operating cash flow (approximation) | €4,642 | -€8,963 | €1,318 | €7,845 | -€4,838 | €758 | €2,146 | ▲ 183% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€2,307 | - |
| Change in cash | - | €1,374 | €1,968 | -€5,861 | -€8,042 | €2,427 | -€3,640 | ▼ 250% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.