Losses
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Eight of the last ten came late. The 2021 accounts came latest: 30 days after the end of the period.
In July 2024, 5,843 companies had the same profile as THE BACKHAND 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 THE BACKHAND. 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 | ||||
|---|---|---|---|---|
| THE BACKHAND Leuze-en-Hainaut | €10,452 | -€4,724 | 51.9% | - |
| BIGDAN12 Braine-le-Comte | €5,846 | €1,763 | -399.8% | - |
| M-MOBIL Wielsbeke | €38,383 | -€2,121 | 99.4% | - |
| THIAME Sint-Truiden | €7,302 | -€12,133 | 74.3% | - |
| BACKSPIN Genk | €40,741 | €3,069 | 69.8% | - |
| ADVANCED HEALTH MANAGEMENT INSTITUTE Brasschaat | €92,855 | -€29,744 | -2.5% | - |
| FIT AND MOVE Braine-l'Alleud | €14,153 | €8,099 | 58.9% | - |
These companies have the same main activity as THE BACKHAND: football clubs (NACE 93121). They are comparable in size and age: total assets between €5,850 and €92,900, founded between 2000 and 2013.
THE BACKHAND files the micro format. That format states no turnover. The gross margin fell from €8,859 in 2006 to -€4,724 in 2025.
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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