Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Board changed. Latest change 01-04-2026 · 1 in office.
The dashed line is the sector median: 0.6% across 40,273 companies (NACE 47, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 6% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,322 companies had the same profile as 't Ijsbeertje has now. Each dot stands for 4 companies, two years later.
That fits the bankruptcy probability of 't Ijsbeertje itself: 4.0% within 12 months.
The method was tested on the 497,447 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 1,322 companies, not a prediction for 't Ijsbeertje. 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.
Liquidity is insufficient, with a current ratio of 0.25, below 1. Short-term debt is 194.5% and cash 2.9% of total assets. Equity is negative.
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 | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| 't Ijsbeertje Antwerp | €7,702 | -€1,033 | -94.5% | - |
| NOT JUST SALT Antwerp | €9,161 | -€41,288 | -32.9% | - |
| ZAI EXPRESS Mechelen | €9,682 | -€673 | -21.1% | - |
| Flanders Food Services 6 Aartselaar | €4,632 | -€1,579 | -5.3% | 0 |
| ER COMPANY La Louvière | €10,334 | €320 | 2.8% | - |
| MAM ARAM Seraing | €11,094 | -€16,519 | -146.0% | - |
| DATACENTER INSTALLS Sint-Gillis (bij-Brussel) | €13,008 | -€14,495 | -108.3% | - |
These companies have the same main activity as 't Ijsbeertje: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €4,630 and €13,000, founded between 2024 and 2025.
The computed 12-month bankruptcy probability of 't Ijsbeertje is 4.0% (moderate). The 2025 annual accounts show negative equity (-€7,279) and a net result of -€10,279.
Its solvency ranks better than 9% of 22,859 sector peers (NACE 47, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.