Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Checked score
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.
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Filing: One annual filing is missing
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.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 7 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Company renamed from PATRICK GODTS to GROEP GODTS
General meeting of 29-12-2022 · Gazette deed
Amendment of the articles
Contribution: GODTS Patrick (€1,975,000) · Appointment: AUDITAS bedrijfsrevisoren (statutory auditor) · GODTS Patrick holds all the shares · General meeting of 03-08-2020 · 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.
Grey: the largest companies of the sector (financial services (NACE 64)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GROEP GODTS: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €5.1m and €12m, founded between 2019 and 2021.
GROEP GODTS is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. For GROEP GODTS, one annual filing is missing.
The 2024 annual accounts show equity of €2.5m and a net result of €17,655. Equity has been stable since 2021 (±1.2% per year).
Its solvency ranks better than 29% of 2,773 sector peers (NACE 64, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.