Bankruptcy probability: legal form outside the modelTurnover not published (micro format)
Checked score
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.
47
Fair
Without a bankruptcy probability, the score rests on the figures alone.
= on 2024
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 KBO gives the legal form as “Partnership limited by shares”. Checked does not compute a bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.
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. Without a bankruptcy probability, the company's Checked score rests on these figures.
Average
100=equity 100.0% of total assets
3=cash 1.1%
37=return on assets -0.2%
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.
Credit of up to €70,000 on 30-day terms is acceptable
Cash is 1.1% of total assets. 0% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
The company filed its last 6 accounts on average 28 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.