Losses
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Ten of the last ten came late. The 2019 accounts came latest: 85 days after the end of the period.
In July 2024, 4,805 companies had the same profile as GO MODE has now. Each dot stands for 13 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 4,805 companies, not a prediction for GO MODE. 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 | ||||
|---|---|---|---|---|
| GO MODE Nivelles | €3,888 | -€3,176 | 100.0% | - |
| NOUXEP BE Ixelles | €5,729 | -€1,569 | -3051.4% | - |
| CISTINE Chièvres | €6,966 | -€1,358 | -695.3% | - |
| FIRST CONSEIL Uccle | €7,481 | -€1,347 | -238.9% | - |
| NOSENSE Ixelles | €1,834 | -€14,897 | -1887.9% | - |
| LisBuild Mechelen | €2,401 | -€2,334 | 100.0% | - |
| COMMONGOOD Brussels | €6,864 | -€7,493 | -366.0% | - |
These companies have the same main activity as GO MODE: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €1,830 and €7,480, founded between 1999 and 2014.
GO MODE files the micro format. That format states no turnover. The gross margin fell from €50,732 in 2010 to -€3,176 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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