Losses
Every financial year from 2022 to 2024 closed with a loss. 2024 was the heaviest.
Every financial year from 2022 to 2024 closed with a loss. 2024 was the heaviest.
2025 accounts not filed: deadline was 31-07-2026.
Lower net result than 88% of companies in retail trade. Sector median €4,554 · 25,614 companies.
In July 2024, 5,843 companies had the same profile as SAILS has now. Each dot stands for 15 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 5,843 companies, not a prediction for SAILS. 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 | ||||
|---|---|---|---|---|
| SAILS Temse | €113,057 | -€5,475 | 80.4% | - |
| JUTA Merchtem | €103,312 | -€6,991 | 3.7% | - |
| AQUA-LADEUZE Beloeil | €31,807 | €588 | 39.9% | - |
| NEUSJE Antwerp | €21,341 | €1,177 | 21.7% | - |
| TAMAX FOOD Nazareth-De Pinte | €33,709 | €5,367 | -112.2% | - |
| DINA Antwerp | €17,340 | -€5,998 | 83.6% | - |
| VISSPECIAALZAAK DE MAEYER Willebroek | €145,779 | €9,484 | 60.0% | - |
These companies have the same main activity as SAILS: retail trade (NACE 47230). They are comparable in size and age: total assets between €17,300 and €146,000, founded between 1988 and 2013.
SAILS files the micro format. That format states no turnover. The gross margin fell from €32,506 in 2005 to -€5,475 in 2024.
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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