Turnover
The micro format states no turnover.
The micro format states no turnover.
Of this, €101,252 falls due within a year.
Ten of the last ten came late. The 2020 accounts came latest: 153 days after the end of the period.
The dashed line is the sector median: 0.3% across 4,269 companies (NACE 93, micro).
About 5 in 1,000 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 93, micro). It does better than 39% of them on solvency, 42% on liquidity, 31% on profitability and 35% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 1,423 companies had the same profile as Strike has now. Each dot stands for 4 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Strike itself: 0.5% 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 1,423 companies, not a prediction for Strike. 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 0.09 (0.16 in 2024), below 1. Short-term debt is 17.9% and cash 0.9% of total assets. 84.7% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 79 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Strike Kortrijk | €564,348 | €42,651 | 15.3% | - |
| TULINVEST Charleroi | €624,030 | €47,660 | 2.2% | - |
| MY COCOON Court-Saint-Etienne | €522,946 | €40,524 | 17.5% | - |
| LABAC Bruges | €652,294 | €70,037 | -24.6% | - |
| GANTOISE HORSE ACADEMY Merelbeke-Melle | €629,341 | €46,299 | 15.9% | - |
| DE PISTE Sint-Truiden | €393,440 | €31,098 | 23.6% | - |
| AUTONOOM GEMEENTEBEDRIJF BOORTMEERBEEK Boortmeerbeek | €473,272 | €32,029 | 9.0% | - |
These companies have the same main activity as Strike: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €393,000 and €652,000, founded between 2003 and 2011.
Strike files the micro format. That format states no turnover. The gross margin fell from €49,865 in 2008 to €42,651 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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