Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2018 to 2025 closed with a loss. 2023 was the heaviest.
The micro format states no turnover.
Latest accounts filed late: after the legal deadline.
Lower solvency than 95% of companies in retail trade. Sector median 33.4% · 25,237 companies.
In July 2024, 6,909 companies had the same profile as OFFICEFFECT has now. Each dot stands for 18 companies, two years later.
Another 0.7% 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 6,909 companies, not a prediction for OFFICEFFECT. 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 | ||||
|---|---|---|---|---|
| OFFICEFFECT Brasschaat | - | - | -227.7% | - |
| Mipaco ICT solutions Arendonk | - | - | 73.1% | - |
| RAMASHOP Brussels | €47,840 | -5.1% | -25.7% | - |
| 14 IT Ninove | - | - | 33.4% | - |
| P&E TRADING Mont-Saint-Guibert | - | - | 33.2% | - |
| FIRDAWS Ixelles | - | - | -100.1% | - |
| MIXITY Nivelles | €110,879 | -12.5% | 25.4% | - |
These companies have the same main activity as OFFICEFFECT: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €43,000 and €59,100, founded between 2004 and 2010.
OFFICEFFECT files the micro format. That format states no turnover. The gross margin fell from €39,952 in 2008 to €1,385 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.
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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