Limited partnership · founded 2004 · active for 22 yearsSparrendreef 60, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0862.841.625
Summary
FICOR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2010 annual accounts show equity of €11.5m and a net result of €53,149. Equity remains stable across the filed financial years (±0.2% per year). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Other activities auxiliary to financial services, excluding insurance and pension funding
NACE 66199
1 site
Size
€0turnover 2010
Equity
€11.5m
Profit
€53,149
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Largest shareholder
APLOS · 33.26%
Accounts 5184 days overdue0 of 4 deeds read
SignalsneutralNo filing for yearsA punctual record breaksShow the evidence
Checked score
Outside the general model
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; 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.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
31-12-2011 year end31-07-2012 deadline10-10-2026 today
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2010 was due by 31-07-2011 and was filed on 29-08-2011, 29 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.