Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Between 2022 and 2025, 77% of the full-time equivalents disappeared.
Lower net result than 90% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
In July 2024, 12,322 companies had the same profile as PALIFLAM has now. Each dot stands for 31 companies, two years later.
Another 0.4% 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 12,322 companies, not a prediction for PALIFLAM. 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 | ||||
|---|---|---|---|---|
| PALIFLAM Paliseul | €247,195 | €97,220 | 52.6% | - |
| CHEMINEES BERNARD DUPONT ET FILS Walcourt | €357,685 | €132,304 | 62.5% | - |
| Van Espen Luc & Zoon Heist-op-den-Berg | €285,753 | €167,479 | 58.6% | - |
| Hens Constructs Nijlen | €441,308 | €69,480 | 5.1% | - |
| CHEMINEES DE WATERLOO Braine-l'Alleud | €452,249 | €122,320 | 16.2% | - |
| ECOFLAMES Wuustwezel | €244,128 | €124,904 | 43.0% | - |
| CALOR-BOIS/ENERGIES NOUVELLES Marchin | €132,034 | €49,496 | -6.9% | - |
These companies have the same main activity as PALIFLAM: specialised construction activities (NACE 43223). They are comparable in size and age: total assets between €132,000 and €452,000, founded between 1993 and 2011.
PALIFLAM files the micro format. That format states no turnover. The gross margin rose from €4,300 in 2006 to €97,220 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.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.