Debts
Debts rose by €126,656 in 2025.
Debts rose by €126,656 in 2025.
Green is investment, beige is depreciation.
Seven of the last ten came late. The 2019 accounts came latest: 256 days after the end of the period.
In July 2024, 31,356 companies had the same profile as FRABEL has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,356 companies, not a prediction for FRABEL. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| FRABEL Auderghem | €1.0m | 5.0% | 31.7% | - |
| YASMIN Auderghem | €0.5m | 15.8% | 55.7% | - |
| TAC TIC Molenbeek-Saint-Jean | €0.9m | 3.4% | 62.9% | - |
| ALTER EGO DISTRIBUTION Evere | - | - | 2.5% | - |
| MOUMTI Molenbeek-Saint-Jean | - | - | 93.5% | - |
| Sahara Trading Schaerbeek | €1.1m | 2.7% | 71.4% | - |
| Superette du Parc Saint-Ghislain | - | - | -25.1% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as FRABEL: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €196,000 and €322,000, founded between 1997 and 2001.
FRABEL files the micro format. That format states no turnover. The gross margin rose from €49,586 in 2006 to €106,343 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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