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MEDIAHUIS

Active
Public limited companyfounded 1989active for 36 yearsKatwilgweg 2, 2050 Antwerpen, Belgium22 active companies are registered at this addressKBO/BCE: BE 0439.849.666
Summary

MEDIAHUIS has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €657.7m and a net result of €3.7m. Equity is growing by about 9.9% per year across the filed financial years. Its solvency ranks better than 60% of 188 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Publishing activities
NACE 58120
Largest company by total assets in Belgium, Publishing and media sector4 sites
Size
€297.7mturnover 2025
Staff
776.8 FTE
Equity
€657.7m
Profit
€3.7m
Standalone figures, without subsidiaries
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
Mediahuis Partners · 54%
Board
4 members
Holdings
30
Auditor: KPMG Réviseurs d'EntreprisesAccounts 63 days early
Why 88raises riskLiquidity: current ratio 0.74, cash €12.7mlowers riskFounded in 1989Sector: Publishing activities (NACE 58)Legal form: public limited companyShow the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 31% of its sector peers (NACE 58)
Financial strength · tick = 2024
Weak
Solvency 74-9
equity 49.1% of total assets
Liquidity 27-7
short-term debt 47.9% · cash 1.0%
Profitability 13-7
return on assets 0.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (10 companies, NACE 58, large)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €29,750,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.74, compared with 0.74 in 2024; short-term debt: 47.9% and cash: 1% of total assets), and 50.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 58): better than 63% on solvency, 13% on liquidity, 6% on profitability and 42% on growth.

The bankruptcy probability was computed on 12-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.74, cash €12.7m
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Sector: Publishing activities (NACE 58)
KBO
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
63 days early
2024
50 days early
2023
55 days early
2022
56 days early
2021
47 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 54 days before the deadline; the sector median (NACE 58) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: Baert Management Company BV, Felicity…Permanent representatives: Jan Baert, Filip…
  2. Permanent representatives: Gert Ysebaert, Paul Verwilt…Power of attorney
  3. Annual accounts filedfinancial year 2025 · consolidated

Key points

  • Caution: Result fell in 2025from €37.6m to €3.7m ▼ 90.1% View
  • Caution: Directors leftlatest change 30-06-2026 · 4 in office 4 left View
  • Positive: Largest company by total assets in Belgium, Publishing and media sectorin the Checked rankings No. 1 View
  • Controlled by Mediahuis Partnersultimately: Capstone Partners 54% View
  • Flemish supportawarded from 2022 to 2025 €1.5m View
  • Positive: 7 profitable years in a rowprofit 2025: €3.7m 7 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Turnover
€297.7m
Profit
€3.7m
Solvency
49.1%
Turnover▲ 2.9%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Parent
Mediahuis Partners · 54%
Auditor
KPMG Réviseurs d'Entreprises
  • Anita ZielinaDirector
  • Marietje SchaakeDirector
  • Ulrike HandelDirector
  • John-Eric BertrandDirector
Go to Board & ownership

Network & group

Group
Capstone Partners
Subsidiaries
28
Holdings
30
Connected companies
69

30 holdings

Go to Network & group

Timeline

Events
108
Since
1991
Next accounts
by 31-07-2027
  1. 29-05-2026Annual accounts filed
  2. 28-05-2026Permanent representatives: Gert Ysebaert and Kristiaan De…
  3. 18-03-2026Capital & shares · Amendment of the…
Go to Timeline

Company details

Sites
4
Legal form
Public limited company
Activity
Publishing activitiesNACE 58120
Founded
28-12-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
26
Purpose
“1/ Het uitgeven, drukken, exploiteren, verspreiden en verdelen van alle dagbladen…” (deed in Dutch)
Go to Articles of association

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