Equity
Equity fell by 43% in 5 years.
Equity fell by 43% in 5 years.
The result rose in 2025: different schema filed.
Of this, €2.3m falls due within a year.
Green is investment, beige is depreciation.
Between 2009 and 2025, 31% of the full-time equivalents disappeared.
Latest accounts filed late: after the legal deadline.
The dashed line is the sector median: 0.2% across 4,376 companies (NACE 46, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 27% of them on solvency, 11% on liquidity, 40% on profitability and 84% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,685 companies had the same profile as LISAP - DE JONGHE has now. Each dot stands for 12 companies, two years later.
That fits the bankruptcy probability of LISAP - DE JONGHE itself: 1.1% within 12 months.
The method was tested on the 497,446 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 4,685 companies, not a prediction for LISAP - DE JONGHE. 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.
Liquidity is tight, with a current ratio of 1.17 (1.16 in 2024), below the usual 1.5. Short-term debt is 76.1% and cash 3.9% of total assets. 76.1% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 63 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| LISAP - DE JONGHE Dilbeek | €3.0m | €1.1m | 23.9% | 14.1 |
| TRIC Kuurne | €2.3m | €1.2m | 75.0% | 13.7 |
| DELTA PLUS BENELUX Bruges | €1.9m | €1.9m | 33.1% | 10.6 |
| Alfa Shirt - PAS Print Oostkamp | €2.4m | €1.2m | 36.0% | 14.7 |
| TRETTON Kasterlee | €1.2m | €0.7m | 42.9% | 11.5 |
| INKA Lier | €3.9m | €0.8m | 12.9% | 6.7 |
| ROX Lichtervelde | €2.2m | €1.1m | 65.7% | 4.8 |
These companies have the same main activity as LISAP - DE JONGHE: wholesale trade (NACE 46421). They are comparable in size and age: total assets between €1.2m and €3.9m, founded between 1967 and 1993.
LISAP - DE JONGHE has existed since 1970. The gross margin grew from €927,466 in 2016 to €1.1m in 2025.
The gross margin has grown every year since 2022. Solvency rose in 2025 from 17.0% to 23.9% because of the retained profit and lower debts.
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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