OYSTERSHELL
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 45 filings
Turnover
€39.8m▲ 1.1%
2024 · €39.4m
EBIT margin
17.9%▲ 1.1pp
2024 · 16.7%
Net result
€5.8m▼ 11.2%
2024 · €6.5m
Working capital
€5.8m▲ 217%
2024 · €1.8m
In the rankings
#3 employer in Merelbeke-Melle, Professional and technical services sector#4 oldest company in East Flanders, Research and development sector#10 company by total assets in East Flanders, Research and development sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€39.8m
▲ 1.1%
2025
20182025
Operating result
€7.1m
▲ 7.9%
2025
20182025
Net result
€5.8m
▼ 11.2%
2025
highest quarter of the sector
20182025
EBIT margin
17.9%
▲ 1.1pp
2025
20182025
Equity
€15.1m
▲ 62.2%
2025
highest quarter of the sector
20182025
Total assets
€32.7m
▲ 4.5%
2025
highest quarter of the sector
20182025
Debt
€17.7m
▼ 19.8%
2025
20182025
Working capital
€5.8m
▲ 217%
2025
highest quarter of the sector
20182025
Solvency
46.0%
▲ 16.4pp
2025
middle half of the sector
20182025
Current ratio
1.44
▲ 0.32
2025
middle half of the sector
20182025
Return on assets (ROA)
17.6%
▼ 3.1pp
2025
highest quarter of the sector
20182025
Staff (FTE)
37.6
▲ 5.6%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€29.3m-€27.2m▼ 7.2%€28.6m▲ 5.0%€23.6m▼ 17.6%€31.5m▲ 33.7%€38.0m▲ 20.7%€39.4m▲ 3.5%€39.8m▲ 1.1%
Operating result€5.3m-€1.3m▼ 74.7%€1.7m▲ 30.8%€2.2m▲ 23.9%€6.0m▲ 178%€5.9m▼ 1.5%€6.6m▲ 11.1%€7.1m▲ 7.9%
Net result€5.1m-€1.1m▼ 78.0%€1.6mabove the sector's middle half▲ 41.9%€2.2mabove the sector's middle half▲ 36.3%€5.8mabove the sector's middle half▲ 169%€5.3mabove the sector's middle half▼ 9.1%€6.5mabove the sector's middle half▲ 22.4%€5.8mabove the sector's middle half▼ 11.2%
EBIT margin18.0%-4.9%▼ 13.1pp6.1%▲ 1.2pp9.2%▲ 3.1pp19.1%▲ 9.9pp15.6%▼ 3.5pp16.7%▲ 1.1pp17.9%▲ 1.1pp
Equity€3.3m-€3.3m▲ 0.2%€3.9mwithin the sector's middle half▲ 19.1%€6.1mabove the sector's middle half▲ 55.1%€6.5mabove the sector's middle half▲ 5.7%€2.8mwithin the sector's middle half▼ 57.0%€9.3mabove the sector's middle half▲ 234%€15.1mabove the sector's middle half▲ 62.2%
Total assets€20.0m-€20.4m▲ 2.0%€19.6mabove the sector's middle half▼ 3.7%€18.2mabove the sector's middle half▼ 7.5%€22.5mabove the sector's middle half▲ 23.6%€30.0mabove the sector's middle half▲ 33.6%€31.3mabove the sector's middle half▲ 4.5%€32.7mabove the sector's middle half▲ 4.5%
Debt€16.7m-€17.1m▲ 2.3%€15.7m▼ 8.1%€12.0m▼ 23.3%€16.0m▲ 32.8%€27.2m▲ 70.2%€22.0m▼ 18.9%€17.7m▼ 19.8%
Working capital€3.0m-€4.7m▲ 56.3%€2.2mwithin the sector's middle half▼ 53.8%€2.2mwithin the sector's middle half=€1.5mwithin the sector's middle half▼ 31.1%-€3.1mbelow the sector's middle half€1.8mwithin the sector's middle half€5.8mabove the sector's middle half▲ 217%
Solvency16.5%-16.3%▼ 0.3pp20.1%below the sector's middle half▲ 3.8pp33.7%within the sector's middle half▲ 13.6pp28.8%within the sector's middle half▼ 4.9pp9.3%below the sector's middle half▼ 19.5pp29.6%within the sector's middle half▲ 20.3pp46.0%within the sector's middle half▲ 16.4pp
Current ratio1.31-1.55▲ 0.241.27within the sector's middle half▼ 0.271.40within the sector's middle half▲ 0.131.14within the sector's middle half▼ 0.260.84below the sector's middle half▼ 0.301.12below the sector's middle half▲ 0.271.44within the sector's middle half▲ 0.32
Return on assets (ROA)25.5%-5.5%▼ 20.0pp8.1%above the sector's middle half▲ 2.6pp12.0%above the sector's middle half▲ 3.9pp26.0%above the sector's middle half▲ 14.1pp17.7%above the sector's middle half▼ 8.3pp20.7%above the sector's middle half▲ 3.0pp17.6%above the sector's middle half▼ 3.1pp
Staff (FTE)23.6-26.9▲ 14.0%28.2within the sector's middle half▲ 4.8%33.4above the sector's middle half▲ 18.4%33above the sector's middle half▼ 1.2%32.7above the sector's middle half▼ 0.9%35.6above the sector's middle half▲ 8.9%37.6above the sector's middle half▲ 5.6%
above
within
below
The sector band is the middle half of the companies in Scientific research and development (NACE 72). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 8% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.7m
Fixed assets
€13.7m ▼ 3.4%
Current assets
€19.1m ▲ 11.0%
Equity and liabilities €32.7m
Equity
€15.1m ▲ 62.2%
Debt
€17.7m ▼ 19.8%
Debt's share of the balance-sheet total falls from 70.4% to 54.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9.1m▲
2024 · €8.1m
Cash flow
€7.8m▼
2024 · €8.0m
Quick ratio
1.35▲
2024 · 1.02
Debt to equity
1.17▼
2024 · 2.38
ROE
38.3%▼
2024 · 70.0%
Interest coverage
14.69▲
2024 · 12.42
Debt ≤ 1 year
€13.2m▼
2024 · €15.3m
Debt > 1 year
€4.4m▼
2024 · €6.6m
Income taxes
€265,767▲
2024 · €191,426
Customer credit
56 days▼
2024 · 58 days
Supplier credit
107 days▼
2024 · 122 days
Staff costs
€4.5m▲
2024 · €4.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 34 | 32 | 32 | 38 | 41 |
| full-time | 32 | 30 | 29 | 29 | 34 |
| part-time | 2 | 2 | 3 | 9 | 7 |
| in full-time equivalents | 33.4 | 31.4 | 31.2 | 36.1 | 39.7 |
| Average over the year, in full-time equivalents | 31.4 | 33 | 32.7 | 35.6 | 37.6 |
| On a permanent contract | 34 | 32 | 32 | 38 | 41 |
| Joined | 11 | 3 | 4 | 12 | 39 |
| Left | 6 | 5 | 4 | 6 | 36 |
| Agency workers, average number | 0.1 | 0.2 | 0.5 | 0.1 | 0.1 |
| Training hours | - | - | 392 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €7.5m | €6.5m | €8.7m | €8.6m | €6.6m |
| Mortgages, amount registered | €1.8m | €1.8m | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | - | - | €4.8m | €4.8m | €4.8m |
| Carrying value of the mortgaged assets | €2.9m | €2.8m | €2.7m | €2.6m | €2.5m |
| Pledge on the business | - | - | €37.1m | €37.1m | €37.1m |
| Carrying value of the other pledged assets | €6.1m | €15.4m | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €151,324 | €444,354 | €794,128 | €330,199 | €423,741 |
| Intangible fixed assets | €437,498 | €106,784 | €1.2m | €2.1m | €2.0m |
| Depreciation and write-downs of the year | €908,015 | €966,351 | €1.1m | €1.5m | €2.0m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is VGD Bedrijfsrevisoren.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €23,123 | €25,398 | €17,000 | €17,230 | €17,774 |
| Other work by the auditor | - | - | €470 | - | €1,550 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €39,976 awarded · €27,326 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €604 | €13,104 |
| 2024 | 2 | €31,706 | €6,685 |
| 2023 | 1 | €1,137 | €1,344 |
| 2022 | 2 | €6,529 | €6,193 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €24.1m | €32.3m | €39.9m | €40.9m | €41.4m | ▲ 1.3% |
| Turnover70 | €29.3m | €27.2m | €28.6m | €23.6m | €31.5m | €38.0m | €39.4m | €39.8m | ▲ 1.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€0.2m | -€0.1m | €0.6m | -€0.3m | -€0.1m | ▲ 64.5% |
| Own construction capitalised72 | - | - | - | - | - | €0.2m | €0.4m | €0.4m | ▼ 10.2% |
| Other operating income74 | - | - | - | €0.7m | €0.9m | €1.1m | €1.3m | €1.3m | ▼ 2.7% |
| Operating charges60/66A | - | - | - | €21.9m | €26.3m | €34.0m | €34.3m | €34.3m | = |
| Goods for resale, raw materials and consumables60 | - | - | - | €12.5m | €16.4m | €21.9m | €20.7m | €20.1m | ▼ 3.3% |
| Purchases600/8 | - | - | - | €12.5m | €16.4m | €21.8m | €20.8m | €19.8m | ▼ 4.8% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.007m | -€0.09m | €0.1m | -€0.07m | €0.2m | - |
| Services and other goods61 | - | - | - | €5.6m | €5.2m | €7.1m | €7.5m | €7.7m | ▲ 1.9% |
| Remuneration, social security and pensions62 | - | - | - | €2.8m | €3.6m | €4.0m | €4.4m | €4.5m | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.8m | €1.0m | €1.0m | €0.9m | €1.0m | €1.1m | €1.5m | €2.0m | ▲ 30.0% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.04m | €0.01m | €0.03m | €0.02m | ▼ 6.2% |
| Non-recurring operating charges66A | - | - | - | €0.02m | €0.08m | - | - | - | - |
| Operating profit (loss)9901 | €5.3m | €1.3m | €1.7m | €2.2m | €6.0m | €5.9m | €6.6m | €7.1m | ▲ 7.9% |
| Financial income75/76B | - | - | - | €0.2m | €0.2m | €0.2m | €0.8m | €0.4m | ▼ 46.4% |
| Recurring financial income75 | €0.007m | €0.1m | €0.05m | €0.2m | €0.2m | €0.2m | €0.8m | €0.4m | ▼ 46.4% |
| Income from financial fixed assets750 | - | - | - | €0.1m | €0.2m | €0.2m | €0.4m | €0.3m | ▼ 14.2% |
| Income from current assets751 | - | - | - | - | - | - | - | €0.1m | - |
| Other financial income752/9 | - | - | - | €0.1m | €0.07m | €151 | €0.4m | €233 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €0.2m | €0.3m | €0.5m | €0.7m | €1.5m | ▲ 118% |
| Recurring financial charges65 | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.7m | €1.5m | ▲ 118% |
| Debt charges650 | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.7m | €0.6m | ▼ 5.2% |
| Other financial charges652/9 | - | - | - | €0.06m | €0.03m | €0.2m | €0.03m | €0.9m | ▲ 29× |
| Profit (loss) for the period before taxes9903 | €5.2m | €1.3m | €1.6m | €2.2m | €6.0m | €5.6m | €6.7m | €6.0m | ▼ 9.8% |
| Income taxes67/77 | €0.07m | €0.1m | €0.006m | -€0.001m | €0.1m | €0.3m | €0.2m | €0.3m | ▲ 38.8% |
| Taxes670/3 | - | - | - | - | €0.1m | €0.4m | €0.3m | €0.3m | ▲ 4.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.001m | - | €0.08m | €0.1m | €0.08m | ▼ 42.9% |
| Profit (loss) for the period9904 | €5.1m | €1.1m | €1.6m | €2.2m | €5.8m | €5.3m | €6.5m | €5.8m | ▼ 11.2% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €3.3m | €0.8m | €0.07m | ▼ 91.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.1m | €0.9m | €0.2m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2.7m | €1.1m | €1.0m | €2.0m | €5.0m | €8.5m | €7.3m | €5.8m | ▼ 20.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €20.0m | €20.4m | €19.6m | €18.2m | €22.5m | €30.0m | €31.3m | €32.7m | ▲ 4.5% |
| Fixed assets21/28 | €7.2m | €7.1m | €9.5m | €10.5m | €10.5m | €13.0m | €14.2m | €13.7m | ▼ 3.4% |
| Intangible fixed assets21 | €3.1m | €2.6m | €2.2m | €2.3m | €2.0m | €2.6m | €3.5m | €4.0m | ▲ 14.6% |
| Tangible fixed assets22/27 | €4.1m | €4.5m | €4.4m | €4.0m | €3.8m | €4.0m | €3.8m | €3.7m | ▼ 2.0% |
| Land and buildings22 | - | - | - | €2.9m | €2.8m | €2.7m | €2.6m | €2.5m | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €1.0m | €1.0m | €1.3m | €1.1m | €1.1m | ▲ 0.7% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.07m | €0.07m | €0.08m | €0.08m | ▼ 4.1% |
| Other tangible fixed assets26 | - | - | - | €0.002m | - | - | - | - | - |
| Financial fixed assets28 | €0.001m | €0.001m | €3.0m | €4.3m | €4.7m | €6.3m | €6.9m | €6.0m | ▼ 13.4% |
| Affiliated companies280/1 | - | - | - | €4.3m | €4.7m | €6.3m | €6.9m | €5.9m | ▼ 13.6% |
| Amounts receivable281 | - | - | - | €4.3m | €4.7m | €6.3m | €6.9m | €5.9m | ▼ 13.6% |
| Other financial fixed assets284/8 | - | - | - | - | - | - | - | €0.02m | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | - | - | €0.02m | - |
| Current assets29/58 | €12.8m | €13.3m | €10.1m | €7.6m | €11.9m | €17.0m | €17.2m | €19.1m | ▲ 11.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.4m | - | - | - | - |
| Trade receivables290 | - | - | - | - | €0.4m | - | - | - | - |
| Stocks and contracts in progress3 | €1.0m | €0.9m | €1.5m | €1.3m | €1.3m | €1.7m | €1.5m | €1.1m | ▼ 23.8% |
| Stocks30/36 | - | - | - | €1.3m | €1.3m | €1.7m | €1.5m | €1.1m | ▼ 23.8% |
| Raw materials and consumables30/31 | - | - | - | €0.6m | €0.6m | €0.5m | €0.6m | €0.4m | ▼ 41.2% |
| Work in progress32 | - | - | - | €0.2m | €0.3m | €0.2m | €0.08m | €0.03m | ▼ 58.2% |
| Finished goods33 | - | - | - | €0.6m | €0.4m | €0.9m | €0.8m | €0.7m | ▼ 7.0% |
| Amounts receivable within one year40/41 | €7.5m | €5.2m | €3.9m | €2.1m | €7.0m | €9.3m | €7.0m | €6.7m | ▼ 4.5% |
| Trade receivables40 | - | - | - | €1.8m | €6.1m | €7.4m | €6.2m | €6.1m | ▼ 2.0% |
| Other amounts receivable41 | - | - | - | €0.3m | €1.0m | €2.0m | €0.8m | €0.6m | ▼ 24.0% |
| Current investments50/53 | - | - | - | - | - | €2.5m | €0 | €2.6m | - |
| Other investments51/53 | - | - | - | - | - | €2.5m | €0 | €2.6m | - |
| Cash at bank and in hand54/58 | €4.3m | €6.8m | €4.5m | €4.0m | €3.1m | €3.2m | €8.5m | €8.4m | ▼ 1.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.1m | €0.3m | €0.2m | €0.2m | ▲ 12.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €20.0m | €20.4m | €19.6m | €18.2m | €22.5m | €30.0m | €31.3m | €32.7m | ▲ 4.5% |
| Equity10/15 | €3.3m | €3.3m | €3.9m | €6.1m | €6.5m | €2.8m | €9.3m | €15.1m | ▲ 62.2% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Capital10 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Contributions outside capital11 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Share premium1100/10 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | €2.4m | €2.5m | €3.1m | €3.2m | €4.1m | €0.9m | €0.1m | €0.04m | ▼ 66.6% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Tax-exempt reserves132 | - | - | - | €3.2m | €4.0m | €0.9m | €0.07m | - | - |
| Profit (loss) carried forward14 | - | - | - | €2.0m | €1.5m | €1.0m | €8.3m | €14.2m | ▲ 70.3% |
| Amounts payable17/49 | €16.7m | €17.1m | €15.7m | €12.0m | €16.0m | €27.2m | €22.0m | €17.7m | ▼ 19.8% |
| Amounts payable after more than one year17 | €6.4m | €7.8m | €7.7m | €6.5m | €5.5m | €7.0m | €6.6m | €4.4m | ▼ 32.5% |
| Financial debts170/4 | - | - | - | €6.5m | €5.5m | €7.0m | €6.6m | €4.4m | ▼ 32.5% |
| Credit institutions173 | - | - | - | €6.5m | €5.5m | €7.0m | €6.6m | €4.4m | ▼ 32.5% |
| Amounts payable within one year42/48 | €9.8m | €8.6m | €7.9m | €5.4m | €10.4m | €20.2m | €15.3m | €13.2m | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.0m | €1.0m | €1.7m | €2.0m | €2.1m | ▲ 5.2% |
| Trade debts44 | €5.3m | €5.8m | €5.5m | €3.9m | €3.0m | €8.6m | €6.9m | €5.9m | ▼ 15.3% |
| Suppliers440/4 | - | - | - | €3.9m | €3.0m | €8.6m | €6.9m | €5.9m | ▼ 15.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.9m | €0.8m | €0.7m | €0.8m | ▲ 9.4% |
| Taxes450/3 | - | - | - | €253 | €0.1m | €0.05m | - | €0.03m | - |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.7m | €0.8m | €0.7m | €0.8m | ▲ 4.9% |
| Other amounts payable47/48 | - | - | - | €50 | €5.5m | €9.0m | €5.7m | €4.5m | ▼ 21.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.07m | €0.06m | €0.02m | €0.2m | €0.01m | ▼ 93.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5.1m | €1.1m | €1.6m | €2.2m | €5.8m | €5.3m | €6.5m | €5.8m | ▼ 11.2% |
| + Depreciation and write-downs630 | €0.8m | €1.0m | €1.0m | €0.9m | €1.0m | €1.1m | €1.5m | €2.0m | ▲ 30.0% |
| Operating cash flow (approximation) | €5.9m | €2.2m | €2.6m | €3.1m | €6.8m | €6.4m | €8.0m | €7.8m | ▼ 3.3% |
| Investment in fixed assets (approximation) | - | -€0.9m | -€3.5m | -€1.9m | -€1.0m | -€3.5m | -€2.7m | -€1.5m | ▲ 44.8% |
| Change in cash | - | €2.5m | -€2.4m | -€0.5m | -€0.9m | €0.1m | €5.3m | -€0.08m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as OYSTERSHELL has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of OYSTERSHELL itself: < 0.1% within 12 months.
Test of the method
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 20,136 companies, not a prediction for OYSTERSHELL. 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.
Latest 10 of 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-07-2026 | 2026-00271630 | |
| 31-12-2024 | full format | 17-07-2025 | 2025-00278486 | |
| 31-12-2023 | full format | 20-06-2024 | 2024-00168716 | |
| 31-12-2022 | full format | 05-07-2023 | 2023-00204173 | |
| 31-12-2021 | full format | 20-07-2022 | 2022-20207186 | |
| 31-12-2020 | full format | 01-07-2021 | 2021-29800390 | |
| 31-12-2019 | full format | 01-07-2020 | 2020-24300050 | |
| 31-12-2018 | full format | 03-07-2019 | 2019-29100438 | |
| 31-12-2017 | full format | 30-06-2018 | 2018-27900120 | |
| 31-12-2016 | full format | 06-06-2017 | 2017-15600074 |