Signals- Two or more financial years not filedA punctual record breaksShow the evidence
Signals
Two signals.
+raises risk○neutral
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raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-08-2022, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
This company filed its last 3 accounts on average 20 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.