Turnover
The micro format states no turnover.
The micro format states no turnover.
Green is investment, beige is depreciation.
Higher solvency than 83% of companies in personal services. Sector median 26.9% · 5,746 companies.
The dashed line is the sector median: 0.7% across 7,629 companies (NACE 96, micro).
About 1 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 96, micro). It does better than 83% of them on solvency, 80% on liquidity, 51% on profitability and 46% on growth.
The bankruptcy probability was computed on 07-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 10,904 companies had the same profile as WASH & DRY MATIC has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of WASH & DRY MATIC itself: 0.1% 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 10,904 companies, not a prediction for WASH & DRY MATIC. 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 ample, with a current ratio of 1.86 (2.19 in 2024), above the usual 1.5. Short-term debt is 24.4% and cash 28.7% of total assets. 29.7% 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 3 accounts on average 42 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WASH & DRY MATIC Geraardsbergen | €69,265 | €15,630 | 70.3% | - |
| WASHNORD Sambreville | €71,005 | €13,397 | 50.7% | - |
| BABOLI Antwerp | €76,973 | €14,152 | 0.8% | - |
| INTERLO INVEST Antwerp | €73,716 | €19,001 | 37.6% | - |
| AVS-WASSHOP Vorselaar | €56,698 | €14,006 | -34.7% | - |
| LIGHTNING GENERAL ELECTRICITY Molenbeek-Saint-Jean | €75,203 | €10,632 | 71.4% | - |
| OMBRE Brussels | €63,485 | €24,237 | 23.9% | - |
These companies have the same main activity as WASH & DRY MATIC: launderettes and laundries for private customers (NACE 96102). They are comparable in size and age: total assets between €56,700 and €77,000, founded between 2007 and 2009.
WASH & DRY MATIC files the micro format. That format states no turnover. The gross margin fell from €31,020 in 2023 to €15,630 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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