Equity
Equity fell by 71% in 11 years.
Equity fell by 71% in 11 years.
The accounts state no turnover.
New director. Latest change 01-12-2025 · 2 in office.
Lower net result than 91% of companies in legal and accounting. Sector median €37,394 · 15,826 companies.
The dashed line is the sector median: < 0.1% across 20,107 companies (NACE 69, micro).
About 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 69, micro). It does better than 24% of them on solvency, 11% on liquidity, 7% on profitability and 12% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-09-2025.
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, 2,450 companies had the same profile as PROFISCAL has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PROFISCAL itself is lower: 0.1% within 12 months. It rests on far more data about PROFISCAL than the profile alone.
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 2,450 companies, not a prediction for PROFISCAL. 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 tight, with a current ratio of 1.16 (1.65 in 2024), below the usual 1.5. Short-term debt is 78.5% and cash 21.5% of total assets. 78.5% 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 9 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| PROFISCAL Etterbeek | €95,641 | €60,098 | 21.5% | - |
| DPP FINANCES Forest | €100,321 | €54,523 | 62.0% | - |
| BUREAU D' EXPERTS-COMPTABLES ET CONSEILS FISCAUX GILLES VERSCHOORIS Namur | €95,676 | €63,747 | 57.6% | - |
| BINET FIDUCIAIRE Jalhay | €104,687 | €65,875 | 95.2% | - |
| Mattax Accounting Charleroi Chaumont-Gistoux | €105,839 | €69,845 | 32.9% | - |
| JLM CONSEIL Beaumont | €94,416 | €55,291 | 82.4% | - |
| GeeBoFisc Aalst | €91,819 | €52,859 | 39.5% | - |
These companies have the same main activity as PROFISCAL: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €91,800 and €106,000, founded between 2001 and 2008.
PROFISCAL files the micro format. That format states no turnover. The gross margin rose from €14,563 in 2006 to €60,098 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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