Equity
Equity fell by 50% in 1 year.
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Equity fell by 50% in 1 year.
Debts rose by €83,486 in 2025.
Short-term debts rose from €19,158 to €111,129.
In July 2024, 12,322 companies had the same profile as NAHOJ has now. Each dot stands for 31 companies, two years later.
Another 0.5% 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 12,322 companies, not a prediction for NAHOJ. 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 | ||||
|---|---|---|---|---|
| NAHOJ Heist-op-den-Berg | €317,746 | -€8,355 | 65.0% | - |
| Carlo Van Acker Antwerp | €264,554 | -€808 | 76.4% | - |
| MIKE GELDERS Leuven | €315,793 | -€204 | 89.3% | - |
| MARC LEGEIN AVOCAT Schaerbeek | €321,272 | -€25,324 | -3.6% | - |
| LEKSIN Lochristi | €300,322 | -€4,792 | 94.3% | - |
| GUIDO DEVILLE Lubbeek | €282,834 | -€6,680 | 97.3% | - |
| Michel SCHOLASSE Waterloo | €262,493 | -€19,880 | 90.9% | - |
These companies have the same main activity as NAHOJ: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €262,000 and €321,000, founded between 2003 and 2006.
NAHOJ files the micro format. That format states no turnover. The gross margin fell from €43,220 in 2006 to -€8,355 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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