Equity
Equity fell by 87% in 1 year.
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Equity fell by 87% in 1 year.
The micro format states no turnover.
Short-term debts rose from €14,248 to €25,864.
The 2024 accounts came latest: 231 days after the end of the period.
Less equity than 85% of companies in computer programming and consultancy. Sector median €69,065 · 21,223 companies.
In July 2024, 7,976 companies had the same profile as THEAPI has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 7,976 companies, not a prediction for THEAPI. 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.
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| Company | ||||
|---|---|---|---|---|
| THEAPI Jurbise | €32,967 | €32,360 | 21.5% | - |
| KONFER Mons | €36,221 | €38,350 | 64.6% | - |
| DIGIDELTA Brussels | €34,586 | €31,906 | 71.8% | - |
| KTR Consult Leuven | €35,930 | €31,213 | 19.2% | - |
| Over & Uit Ghent | €33,571 | €29,116 | 99.5% | - |
| MLG Group Forest | €29,389 | €34,808 | 42.9% | - |
| QOSMIC Zaventem | €39,788 | €30,189 | 42.8% | - |
These companies have the same main activity as THEAPI: computer programming (NACE 62100). They are comparable in size and age: total assets between €29,400 and €39,800, founded between 2022 and 2023.
THEAPI files the micro format. That format states no turnover. The gross margin rose from €12,950 in 2022 to €32,360 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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