Deficits
Every financial year from 2018 to 2025 closed with a deficit. 2020 was the heaviest.
Every financial year from 2018 to 2025 closed with a deficit. 2020 was the heaviest.
Four of the last ten came late. The 2016 accounts came latest: 25 days after the end of the period.
Board changed. Latest change 30-03-2026 · 14 in office.
The dashed line is the sector median: 0.1% across 3,826 companies (NACE 85, micro).
Fewer than 1 in 1,000 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 85, micro). It does better than 46% of them on solvency, 50% on liquidity, 26% on profitability and 39% on growth.
The bankruptcy probability was computed on 06-11-2026 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 very low class on 30-06-2025, 0.1% 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, 8,617 companies had the same profile as Mission régionale pour l'Emploi du Luxembourg 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.
That fits the bankruptcy probability of Mission régionale pour l'Emploi du Luxembourg itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 8,617 companies, not a prediction for Mission régionale pour l'Emploi du Luxembourg. 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 ample, with a current ratio of 2.0 (1.93 in 2024), above the usual 1.5. Short-term debt is 45% and cash 26.8% of total assets. However, 59.6% 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 12 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Mission régionale pour l'Emploi du Luxembourg Libramont-Chevigny | - | - | 40.4% | - |
| AID - La Trêve Bastogne | - | - | 6.3% | 23.2 |
| LE TRUSQUIN EFT Marche-en-Famenne | €728,902 | 8.4% | 35.1% | 16.3 |
| Centre d'Education et de Réadaptation au Travail Tournai | €0 | - | 58.1% | 16.9 |
| Actions intégrées de Développement Hainaut Centre - Organisme d'insertion socio-professionnelle Mons | €279,885 | 2.9% | 27.6% | 24.9 |
| COORDINATION BRUXELLOISE L'EMPLOI, LA FORMATION ET L'INSERTION SOCIALE DES FEMMES PEU QUALIFIEES Schaerbeek | €9,854 | 60.7% | 30.7% | 23.5 |
| Centre de Redéploiement professionnel Tinlot Tinlot | - | - | 4.3% | - |
These companies have the same main activity as Mission régionale pour l'Emploi du Luxembourg: vocational training (NACE 85592). They are comparable in size and age: total assets between €820,000 and €1.2m, founded between 1992 and 1998.
Mission régionale pour l'Emploi du Luxembourg files the micro format. That format states no turnover. The gross margin rose from €787,545 in 2007 to €1.6m in 2025.
In August 2024, three directors stepped down.
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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