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Your company · filed annual accounts

How does my company compare?

Median ratios of Belgian SMEs (€2–50M revenue) from the accounts filed with the National Bank, by sector and province. Type your three numbers; nothing leaves your browser.

Updated 3 Nov 2026
Size band

Your three numbers

Last full year. The three ratios a buyer reads first in this sector.

Quartile positions compare your inputs with sector medians from filed accounts and say nothing about your company's prospects. Indicative only.

Median EBITDA margin by province

Click a province to filter; click again to clear. Schematic map.

lowerhigher

Gross margin distribution, selected sector

Share of companies per band; your position marked.

Across the sectors in this ring

Median of the third ratio, selected size band.

Your two-page benchmark report

Your three ratios against the sector and province medians, the three gaps that matter, and one paragraph on what a buyer would make of them. Sent as a PDF; Ruben follows up once, personally, within a week.

Your figures are used once to build this report and deleted after 90 days. By sending you accept the legal notice and the privacy policy.

A question or a correction? Email Ruben at the address on the contact page.
Your company · from Field Notes #016

What is my logistics exposure?

Ten yes/no questions about the partner that holds your stock, grouped the way the Field Note argues them: three clauses, one reconciliation, one drill. Answer as things stand today.

Takes 3 minutesStored nowhere

Your exposure

Builds as you answer. Higher is riskier.

–

Monday morning

    The score weights ten contractual and operational points by judgement, not by statistics. It is a prompt for a conversation with your lawyer and your provider, not an assessment of your contract.

    Your risk score as a one-page PDF

    Your ten answers, the score, and the three clauses to renegotiate while you are still a customer in good standing, worded so you can hand it to your lawyer.

    Your figures are used once to build this report and deleted after 90 days. By sending you accept the legal notice and the privacy policy.

    A question or a correction? Email Ruben at the address on the contact page.
    Your company · from Field Notes #015

    Is my EBITDA turning into cash?

    Four quarters of EBITDA, capex and working-capital movement. The page draws cash conversion and flags the stagflation signature: EBITDA up, conversion down, three quarters running. Add quarters if you have them.

    Example loadedStored nowhere

    Your quarters (€k)

    Edit any cell. Working capital: positive = cash absorbed.

    EBITDA and free cash flow

    Free cash flow = EBITDA − capex − Δ working capital.

    EBITDAFree cash flow

    Cash conversion

    FCF / EBITDA per quarter; the band 60–90 % is the usual mid-market range.

    A pattern flag on the numbers you typed, under a simplified definition of free cash flow. It is not an audit, a valuation or a going-concern opinion.

    Your EBITDA-to-cash report

    Your quarters, the conversion line, the verdict on the stagflation signature, and a paragraph on what the pattern means for a bank or a buyer. Two pages as a PDF; your figures are deleted after 90 days.

    Your figures are used once to build this report and deleted after 90 days. By sending you accept the legal notice and the privacy policy.

    A question or a correction? Email Ruben at the address on the contact page.
    The market · Statbel, ITLB, court publications

    Transport & logistics failures

    Monthly bankruptcies in Belgian transport, warehousing and courier companies, against the sector cost index. Read from the customer's side of the dock.

    Last month Sep 2026Updated 3 Nov 2026

    Monthly bankruptcies, transport sector

    2024–2026 with 12-month average. Monthly split illustrative; half-year totals as reported.

    Monthly12-month average

    By sub-sector, Jan–Aug 2026

    Share of failures (ill.)

    Age of failed companies

    H1 2026, share by years trading. Most were established operators.

    Cost index vs freight rate index

    ITLB operating cost vs an illustrative rate index, Jan 2024 = 100.

    Operating costFreight rates

    This month's failures monitor as a PDF

    The monthly series, the sub-sectors, the age of the failed firms and the cost-versus-rates gap, with one page on how to read it from the customer's side of the dock. Two pages.

    Your figures are used once to build this report and deleted after 90 days. By sending you accept the legal notice and the privacy policy.

    A question or a correction? Email Ruben at the address on the contact page.
    The market · what it means for a €20M distributor

    Operator's macro board

    Four numbers, each read the way a distributor's board should read it. Updated when they move.

    As of 3 Nov 2026

    Belgian inflation vs health index, 2024–2027F

    Annual averages; 2026–27 are Federal Planning Bureau forecasts of 6 Oct 2026.

    HICP inflationHealth index

    Indexation calendar

    Next pivot-index crossings and what they trigger.

    WhenEventEffect
    Nov 2026Pivot index 102.29 crossed (forecast)+2 % public wages, benefits
    Jan 2027PC 200 and other January sectors index≈ +3.5–4 % (ill.)
    Apr 2027Pivot index 104.34 crossed (forecast)+2 %
    ReadFor a distributor whose cost per order line is 60 % people, a 3.8 % health-index rise is roughly 2.3 points of cost per line before any productivity gain.

    The macro board as a two-page PDF

    The four numbers with a paragraph each on what they mean for a distributor's 2027 budget, the inflation-versus-health-index chart and the indexation calendar.

    Your figures are used once to build this report and deleted after 90 days. By sending you accept the legal notice and the privacy policy.

    A question or a correction? Email Ruben at the address on the contact page.
    The market · family business transfers

    Succession clock

    Four national figures and a three-question readiness check. The regional view follows when Statbel owner-age data is in the pipeline.

    Base study BNP Paribas Fortis / KU Leuven, May 2025
    Family businesses
    84 %
    of Belgian companies
    Face a transfer
    1 in 3
    within ten years
    Have an active board
    40 %
    only
    Leaders 65+ without plan
    45 %
    no formal succession plan

    Readiness gap

    Three structures that should exist before the transfer; share of companies that have them (ill. except the board figure).

    Are you ready?

    Three yes/no questions from Field Note #009.

    Your readiness check as a PDF

    Your three answers, each with a paragraph on what a buyer, a bank or the next generation reads into it, and where that leaves the company. Two pages.

    Your figures are used once to build this report and deleted after 90 days. By sending you accept the legal notice and the privacy policy.

    A question or a correction? Email Ruben at the address on the contact page.
    About the data

    Sources & methodology

    Every series names its source, its refresh cadence and whether it is open data, a licensed feed or a manual monthly read. Nothing is scraped from a paywalled or trade-press site.

    ● open data● licence● manual, monthly

    Method notes

    Benchmark medians are computed per company from filed annual accounts, then aggregated by NACE-BEL group, size band (€2–10M, €10–25M, €25–50M) and province; companies with fewer than 10 FTE or more than 249 FTE are excluded. A cell is shown only with 30 or more companies and its sample size is printed. Companies filing the abbreviated schema without revenue are excluded, which thins the sample in retail and hospitality; the sample size per sector says so.

    Bankruptcy counts use the month of the court judgement, by NACE 49–53. Named failures come only from official publications.

    Tools run in the visitor's browser; nothing is transmitted unless you request a report, in which case your inputs are used once to build it.

    Upload rhythm: weekly on Monday, by hand, with a plausibility check before publishing. Each page shows its own date.