Equity
Equity fell by 85% in 19 years.
Equity fell by 85% in 19 years.
Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.
Nine of the last ten came late. The 2019 accounts came latest: 69 days after the end of the period.
In July 2024, 5,828 companies had the same profile as ZONE ROUGE 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 497,331 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 5,828 companies, not a prediction for ZONE ROUGE. 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 | ||||
|---|---|---|---|---|
| ZONE ROUGE Nandrin | €44,740 | - | 83.2% | - |
| BEX VUURWERK Bocholt | €58,186 | -€18,852 | -543.5% | - |
| SELTREN Turnhout | €31,315 | €4,092 | -22.1% | - |
| EUROPEAN PARTNERS Woluwe-Saint-Pierre | €28,415 | €9,399 | -198.3% | - |
| IMPEX SPORT Braine-l'Alleud | €26,191 | €1,503 | 44.1% | - |
| Mibeco Antwerp | €49,407 | €70,255 | -601.7% | - |
| LEEN DE BORGER Waasmunster | €42,043 | €16,103 | 55.4% | - |
These companies have the same main activity as ZONE ROUGE: wholesale trade (NACE 46496). They are comparable in size and age: total assets between €26,200 and €58,200, founded between 1983 and 1996.
ZONE ROUGE has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,211 and a net result of -€15,411.
Equity has been stable since 2018 (±0.6% per year). Its solvency ranks better than 84% of 15,428 sector peers (NACE 46, financial year 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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