Losses
Every financial year from 2023 to 2026 closed with a loss. 2026 was the heaviest.
Every financial year from 2023 to 2026 closed with a loss. 2026 was the heaviest.
Short-term debts rose from €3,781 to €23,747.
The last five annual accounts were filed 80 to 159 days before the end of the period.
Less equity than 90% of companies in head offices and management consultancy. Sector median €97,319 · 1,697 companies.
In July 2024, 849 companies had the same profile as WETS SIMON has now. Each dot stands for 3 companies, two years later.
Another 0.1% 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 849 companies, not a prediction for WETS SIMON. 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 | ||||
|---|---|---|---|---|
| WETS SIMON Schaerbeek | €25,337 | -€746 | 6.3% | - |
| GET 2 GROW Ixelles | €24,170 | -€4,067 | -0.2% | - |
| STRATEGY W Woluwe-Saint-Lambert | €22,496 | -€68,936 | -16.1% | - |
| Olivera Consulting Woluwe-Saint-Lambert | €25,319 | -€3,832 | 26.2% | - |
| GRALEM Watermael-Boitsfort | €21,736 | -€16,087 | -1737.0% | - |
| TEMPLAY PARTNERS Ixelles | €21,986 | -€6,315 | -11.7% | - |
| BTWEENX Brussels | €28,806 | -€13,952 | -112.2% | - |
These companies have the same main activity as WETS SIMON: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €21,700 and €28,800, founded between 2020 and 2021.
WETS SIMON files the micro format. That format states no turnover. The gross margin fell from -€298 in 2021 to -€746 in 2026.
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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