Equity
Equity fell by 93% in 5 years.
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Equity fell by 93% in 5 years.
Customers pay 89 days later.
Higher solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 39,376 companies.
In July 2024, 4,805 companies had the same profile as Relaxsyndic has now. Each dot stands for 13 companies, two years later.
Another 0.1% 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 4,805 companies, not a prediction for Relaxsyndic. 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 | ||||
|---|---|---|---|---|
| Relaxsyndic Bornem | €12,778 | €1,056 | 100.0% | - |
| EI4B Boechout | €13,000 | -€1,566 | -161.9% | - |
| DMG Management & Consulting Antwerp | €11,184 | -€17,958 | -3249.6% | 0 |
| MASILY Brasschaat | €13,940 | -€41,149 | -3182.9% | - |
| mi.ra Mechelen | €12,581 | -€14,501 | -35.0% | - |
| THIMAX Malle | €13,573 | -€2,672 | -34.1% | - |
| PHINVEST Antwerp | €14,696 | -€8,927 | -10.3% | - |
These companies have the same main activity as Relaxsyndic: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €11,200 and €14,700, founded between 2014 and 2016.
Relaxsyndic files the micro format. That format states no turnover. The gross margin fell from €2,958 in 2016 to €1,056 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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