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.
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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.
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Financial strength
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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Score breakdown
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Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as FILTITOOLS has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Micro
10 to 20 years old
negative equity
a profit of 5% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
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.
The companies in ten equal groups, from the lowest to the highest expected share
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 3,632 companies, not a prediction for FILTITOOLS. 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.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0823980257
Change of role: Name after signing inVisible after signing in, from manager to director
Director discharge: Name hiddenVisible after signing in · General meeting of 03-10-2023 · Gazette deed
Registered office moved within Loverval
New registered office: Rue de la Blanche Borne, 52 6280 Loverval · Previous registered office: Clos des Genêts, 8-6280 Loverval · General meeting of 29-01-2021 · Gazette deed
Registered office moved from Mettet to Gerpinnes
New registered office: Rue Clos Des Genets, 8 6280 Gerpinnes · Previous registered office: Rue Reine Elisabeth, 33-5640 Mettet · General meeting of 15-07-2020 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as FILTITOOLS: retail trade (NACE 47525). They are comparable in size and age: total assets between €112,000 and €286,000, founded between 2009 and 2017.
The company number of FILTITOOLS is 0823.980.257. The VAT number is the same number with BE in front: BE 0823.980.257.
Where is FILTITOOLS based?
The registered office is at Rue de la Blanche Borne 52, 6280 Gerpinnes.Company details
What does FILTITOOLS do?
According to the KBO register, the main activity is retail trade (NACE 47525).
What is the legal form of FILTITOOLS?
FILTITOOLS is a private limited company (BV).
When was FILTITOOLS founded?
FILTITOOLS was founded on 16-03-2010.
Is FILTITOOLS still active?
Yes, FILTITOOLS is an active enterprise in the KBO register.
How many employees does FILTITOOLS have?
FILTITOOLS had an average of 0.2 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of FILTITOOLS?
The turnover in financial year 2024 is ≈ €150,000. This figure is estimated from the gross margin of €26,837 and 41 comparable companies (NACE 475). It probably lies between €120,000 and €240,000.
Is FILTITOOLS profitable?
In financial year 2024, FILTITOOLS made a profit of €9,803.
Where can I find the annual accounts of FILTITOOLS?
FILTITOOLS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2024.