Turnover from €49,642 to €31,879Gross margin from €20,929 to €8,619Result from €10,196 to €1,322Debts from €13,862 to €8,540Cash from €12,566 to €5,183
Higher solvency than 85% of companies in personal services. Sector median 26.7% · 6,259 companies.
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 5,047 companies had the same profile as SUCCESS GATE has now. Each dot stands for 13 companies, two years later.
94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
Micro
5 to 10 years old
solvency 30% or more
a profit under 5% of the balance sheet
Test of the method
The method was tested on the 497,331 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.
The companies in ten equal groups, from the lowest to the highest expected share
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 5,047 companies, not a prediction for SUCCESS GATE. 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.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
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Purpose change · Amendment of the articles
“Thuisverpleging; Detailhandel in allerlei producten via het internet (e-commerce); De prospectie en…” (deed in Dutch) · Gazette deed
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General meeting of 05-08-2020 · Gazette deed
Incorporation
Founding capital of €1,400, 100 shares · Founders: Name hiddenVisible after signing in and Hidden nameVisible after signing in · Appointment: Name after signing inVisible after signing in (director) · published on 14-01-2020 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
Grey: the largest companies of the sector (personal services (NACE 96)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SUCCESS GATE: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €24,500 and €38,900, founded between 2017 and 2021.