SUBSICO
ActiveSummary
The computed 12-month bankruptcy probability of SUBSICO is 10.6% (high). The 2024 annual accounts show equity of €1,883 and a net result of -€797. Equity is growing by ~4.3% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
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Signals
This company filed its last 5 accounts on average 16 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
History
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Financials · fiscal year 2024, abbreviated schema
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Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 10.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,595 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,425 | €0 | - | - | - | - |
| Other operating charges640/8 | - | €443 | €368 | €484 | €562 | ▲ 16.1% |
| Gross operating margin9900 | €2,400 | -€855 | €2,085 | €1,202 | -€85 | ▼ 107% |
| Operating profit (loss)9901 | €280 | -€1,297 | €1,718 | €717 | -€647 | ▼ 190% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | - | €141 | €188 | €153 | €153 | = |
| Recurring financial charges65 | €0 | €141 | €188 | €153 | €153 | = |
| Profit (loss) for the period before taxes9903 | €280 | -€1,438 | €1,529 | €564 | -€801 | ▼ 242% |
| Income taxes67/77 | €78 | -€1 | €35 | €143 | -€3 | ▼ 102% |
| Profit (loss) for the period9904 | €202 | -€1,437 | €1,494 | €421 | -€797 | ▼ 290% |
| Profit (loss) for the period to be appropriated9905 | €202 | -€1,437 | €1,494 | €421 | -€797 | ▼ 290% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,457 | €941 | €2,471 | €3,002 | €2,054 | ▼ 31.6% |
| Current assets29/58 | €2,457 | €941 | €2,471 | €3,002 | €2,054 | ▼ 31.6% |
| Amounts receivable within one year40/41 | - | €164 | €311 | €386 | €386 | = |
| Other amounts receivable41 | - | €164 | €311 | €386 | €386 | = |
| Cash at bank and in hand54/58 | €2,457 | €777 | €2,160 | €2,616 | €1,668 | ▼ 36.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,457 | €941 | €2,471 | €3,002 | €2,054 | ▼ 31.6% |
| Equity10/15 | €2,202 | €765 | €2,260 | €2,680 | €1,883 | ▼ 29.8% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €202 | €202 | €202 | €202 | €202 | = |
| Distributable reserves133 | - | €202 | €202 | €202 | €202 | = |
| Profit (loss) carried forward14 | - | -€1,437 | €57 | €478 | -€319 | ▼ 167% |
| Amounts payable17/49 | €255 | €176 | €211 | €321 | €171 | ▼ 46.7% |
| Amounts payable within one year42/48 | €255 | €176 | €211 | €321 | €171 | ▼ 46.7% |
| Taxes, remuneration and social security45 | - | €0 | €35 | €145 | €0 | ▼ 100% |
| Taxes450/3 | - | €0 | €35 | €145 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €176 | €176 | €176 | €171 | ▼ 2.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €202 | -€1,437 | €1,494 | €421 | -€797 | ▼ 290% |
| + Depreciation and write-downs630 | €1,425 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €1,627 | -€1,437 | €1,494 | €421 | -€797 | ▼ 290% |
| Change in cash | - | -€1,679 | €1,382 | €456 | -€947 | ▼ 308% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0260/00G000 | Flanders | 1,272 m² | 1 · 180 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.