Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
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The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Nine of the last ten came late. The 2019 accounts came latest: 152 days after the end of the period.
In July 2024, 2,166 companies had the same profile as FAVOR has now. Each dot stands for 6 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 2,166 companies, not a prediction for FAVOR. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| FAVOR Sint-Gillis (bij-Brussel) | €87,048 | €4,261 | 18.5% | - |
| EURO TECHNO CONSTRUCT Berchem-Sainte-Agathe | €94,317 | €5,333 | 39.4% | - |
| ExParTech Kraainem | €90,053 | €4,644 | 96.2% | - |
| S.J. CONSTRUCT Jemeppe-sur-Sambre | €74,019 | €4,473 | 94.2% | - |
| Bati-Michiels Wavre | €71,325 | €4,679 | 53.9% | - |
| IB & FILS Jette | €112,503 | €3,828 | 39.0% | - |
| LISARB CONSTRUCT Anderlecht | €76,065 | €5,935 | 55.1% | - |
These companies have the same main activity as FAVOR: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €71,300 and €113,000, founded between 2010 and 2013.
FAVOR files the micro format. That format states no turnover. The gross margin rose from €2,777 in 2012 to €4,261 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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