Equity
Equity fell by 59% in 16 years.
Equity fell by 59% in 16 years.
Short-term debts fell from €666,459 to €200,741.
Seven of the last ten came late. The 2019 accounts came latest: 106 days after the end of the period.
In July 2024, 8,609 companies had the same profile as LIBO has now. Each dot stands for 22 companies, two years later.
Another 0.2% 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 8,609 companies, not a prediction for LIBO. 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 | ||||
|---|---|---|---|---|
| LIBO Peer | €474,957 | -€33,197 | 56.4% | - |
| BOUWMARKT ROSIERS E & E Puurs-Sint-Amands | €739,591 | -€57,160 | 55.1% | - |
| NIMOINVEST Aalst | €875,157 | -€3,761 | 34.3% | 0 |
| H. DE WITTE - VAN EECKHOUT Roeselare | €913,194 | -€14,318 | 48.7% | - |
| DE VLEK Merelbeke-Melle | €246,239 | -€6,079 | 56.8% | - |
| CERAMIGRES 2000 Fleurus | €321,336 | -€267,381 | -100.1% | - |
| VAN DEN BROECK FREDDIE Haacht | €609,214 | -€22,772 | 98.2% | - |
These companies have the same main activity as LIBO: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €246,000 and €913,000, founded between 1987 and 2000.
LIBO files the abbreviated format. That format states no turnover. The gross margin fell from €27,081 in 2006 to -€33,197 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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