Equity
Equity fell by 70% in 4 years.
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Equity fell by 70% in 4 years.
The micro format states no turnover.
The 2021 accounts came latest: 142 days after the end of the period.
Lower net result than 90% of companies in land transport. Sector median €5,676 · 5,924 companies.
In July 2024, 849 companies had the same profile as KAF TRANS has now. Each dot stands for 3 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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.
| 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 849 companies, not a prediction for KAF TRANS. 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.
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| Company | ||||
|---|---|---|---|---|
| KAF TRANS Molenbeek-Saint-Jean | €163,548 | €102,784 | 9.6% | - |
| M&G Translog Forest | €150,157 | €105,210 | -14.3% | - |
| ADO CLEANING Sint-Gillis (bij-Brussel) | €143,459 | €113,271 | 34.5% | - |
| MIRAC Schaerbeek | €145,078 | €114,886 | 17.5% | - |
| INS & CO Ganshoren | €174,029 | €90,903 | 66.0% | - |
| A.I.T. Etterbeek | €203,918 | €93,398 | 80.4% | - |
| ESILA TRANSPORT Brussels | €129,087 | €101,313 | 46.4% | - |
These companies have the same main activity as KAF TRANS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €129,000 and €204,000, founded between 2018 and 2020.
KAF TRANS files the micro format. That format states no turnover. The gross margin rose from €39,814 in 2020 to €102,784 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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