NATIVE EDGE
ActiveSummary
NATIVE EDGE has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€57,936) and a net result of -€13,691. Equity has been shrinking by about 47% per year since 2018. Its solvency ranks better than 5% of 824 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-04-1989 Normal situation
- Activity
- Other publishing activities, excluding software publishing NACE 58190and 2 others
- Establishment unit
- 2.043.391.508 3090 Overijse, since 18-05-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- -€11,443
- ▼ 15.4%
- Loss
- €13,691
- ▲ 19.2%
- Equity
- -€57,936
- ▼ 30.9%
- Total assets
- €148
- ▼ 87.2%
- Negative equity on 31-12-2025
- 2025 accounts filed 14 days after the deadline
Score breakdownraises riskCapped at 59: negative equityLoss of €13,691, the second in a row (financial year 2025)Negative equity -€57,936Liquidity: current ratio 0.00lowers riskSize: total assets €148Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 58, micro). It does better than 8% of them on solvency, 1% on liquidity, 8% on profitability and 19% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 26 days after the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 14 days after the deadline Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00402586.
Annual accounts 2025 filed on 14-08-2026 at the NBB all 37 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €12,115, larger than the loss of €10,266 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Publishing activities (NACE 58). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €300 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,346 | €4,346 | €4,345 | €1,235 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €188 | €355 | €368 | €350 | €672 | ▲ 92.0% |
| Gross operating margin9900 | €13,748 | -€18,822 | -€14,302 | -€11,105 | -€11,073 | -€12,087 | -€9,916 | -€11,443 | ▼ 15.4% |
| Operating profit (loss)9901 | €8,581 | -€23,845 | -€19,099 | -€12,528 | -€11,428 | -€12,455 | -€10,266 | -€12,115 | ▼ 18.0% |
| Financial income75/76B | - | - | - | €5 | €6 | - | - | - | - |
| Recurring financial income75 | €3,485 | €3,137 | €2,093 | €5 | €6 | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,111 | €1,272 | €1,735 | €1,087 | €1,436 | ▲ 32.1% |
| Recurring financial charges65 | €217 | €811 | €1,405 | €1,111 | €1,272 | €1,735 | €1,087 | €1,436 | ▲ 32.1% |
| Profit (loss) for the period before taxes9903 | €11,849 | -€21,519 | -€18,411 | -€13,634 | -€12,694 | -€14,190 | -€11,353 | -€13,551 | ▼ 19.4% |
| Income taxes67/77 | €3,798 | €117 | €115 | €117 | €133 | €131 | €137 | €140 | ▲ 2.2% |
| Profit (loss) for the period9904 | €8,051 | -€21,636 | -€18,526 | -€13,751 | -€12,827 | -€14,321 | -€11,490 | -€13,691 | ▼ 19.2% |
| Profit (loss) for the period to be appropriated9905 | €8,051 | -€21,636 | -€18,526 | -€13,751 | -€12,827 | -€14,321 | -€11,490 | -€13,691 | ▼ 19.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €63,250 | €36,095 | €15,595 | €7,612 | €830 | €38 | €1,160 | €148 | ▼ 87.2% |
| Fixed assets21/28 | €9,926 | €5,580 | €1,235 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €9,926 | €5,580 | €1,235 | - | - | - | - | - | - |
| Current assets29/58 | €53,324 | €30,515 | €14,360 | €7,612 | €830 | €38 | €1,160 | €148 | ▼ 87.2% |
| Amounts receivable within one year40/41 | €45,601 | €30,196 | €14,040 | €7,612 | €830 | €38 | €831 | €148 | ▼ 82.2% |
| Trade receivables40 | - | - | - | €1,595 | €499 | €38 | - | - | - |
| Other amounts receivable41 | - | - | - | €6,017 | €331 | - | €831 | €148 | ▼ 82.2% |
| Cash at bank and in hand54/58 | €7,414 | - | - | - | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €329 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €63,250 | €36,095 | €15,595 | €7,612 | €830 | €38 | €1,160 | €148 | ▼ 87.2% |
| Equity10/15 | €48,307 | €26,671 | €8,145 | -€5,606 | -€18,434 | -€32,755 | -€44,245 | -€57,936 | ▼ 30.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €27,847 | €6,211 | -€12,315 | -€26,066 | -€38,894 | -€53,215 | -€64,705 | -€78,396 | ▼ 21.2% |
| Amounts payable17/49 | €14,943 | €9,424 | €7,450 | €13,218 | €19,264 | €32,793 | €45,405 | €58,084 | ▲ 27.9% |
| Amounts payable within one year42/48 | €14,096 | €8,577 | €6,602 | €13,218 | €19,264 | €32,793 | €45,405 | €58,084 | ▲ 27.9% |
| Financial debts43 | - | - | - | €8,685 | €7,691 | €4,763 | €7,122 | €7,823 | ▲ 9.8% |
| Credit institutions430/8 | - | - | - | €8,685 | €7,691 | €4,763 | €7,122 | €7,823 | ▲ 9.8% |
| Trade debts44 | €193 | €511 | €375 | €310 | - | - | €42 | - | - |
| Suppliers440/4 | - | - | - | €310 | - | - | €42 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,223 | €120 | €190 | - | - | - |
| Taxes450/3 | - | - | - | €4,223 | €120 | €190 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €11,453 | €27,840 | €38,241 | €50,261 | ▲ 31.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,051 | -€21,636 | -€18,526 | -€13,751 | -€12,827 | -€14,321 | -€11,490 | -€13,691 | ▼ 19.2% |
| + Depreciation and write-downs630 | €4,346 | €4,346 | €4,345 | €1,235 | - | - | - | - | - |
| Operating cash flow (approximation) | €12,397 | -€17,290 | -€14,181 | -€12,516 | -€12,827 | -€14,321 | -€11,490 | -€13,691 | ▼ 19.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as NATIVE EDGE has now. Two years later, 4.5% had gone bankrupt and 84.5% were still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NATIVE EDGE itself is lower: 0.7% within 12 months. It rests on far more data about NATIVE EDGE than the profile alone.
Test of the method
The method was tested on the 497,446 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 6,619 companies, not a prediction for NATIVE EDGE. 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.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-08-2026 | 2026-00402586 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00404426 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00369325 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00387728 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20315949 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-65800393 | |
| 31-12-2019 | abbreviated format | 30-08-2020 | 2020-50100494 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59900296 | |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-53500575 | |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-51700454 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2023 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Melvyn Morrison |
|
Network & group
NATIVE EDGE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of NATIVE EDGE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Company renamed to NATIVE EDGEChange of role: Melvyn Morrison, from manager to director · Legal-form conversion · Capital conversion15 points ▸
- General meeting, 20-12-2023
- Other provision, “onderwerping aan bepalingen Wetboek van Vennootschappen en Verenigingen, algemene vergadering” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “middelen beschikbaar voor uitkering, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles, 2
- Name change, NATIVE EDGE
- Other provision, “ontslag voorzitter van lezing bestuursorgaanverslag, artikel 5:101 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Power of attorney, Toon Bieseman
- Director resignation, Melvyn Morrison (manager)
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- Alle werken betreffende uitgeverij,vertalingen of verslagen hoofdzakelijk met technisch karakter,op alle media of met behulp van alle procedés,gewoonlijk gebruikt voor dit doel.
- De organisatie van technische cursussen voor opleiding of bijscholing in alle domeinen.
- Alle werken met publiciteit karakter of bestemd voor informatie in het algemeen,bevattend,onder andere,en zonder dat volgende opsomming beperkend zou zijn,de studie van het product,de organisatie van studie-of informatiecampagnes,de ontwikkeling van de media,alsook de verwezenlijking ervan enz…
- De ontwikkeling,verbetering,redigeren,verkoop,distributie en commercialisatie van technische handleidingen en aanverwante publicaties
- Het organiseren van en geven van taalcursussen
- Het organiseren van of deelnemen in optredens,tentoonstellingen,seminaren,en conferenties
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23062M0290/00B000 | Flanders | 130 m² | 1 · 71 m² | 8.9 m · 2 |
| 23062M0289/00C000 | Flanders | 124 m² | 1 · 114 m² | 9.0 m · 2 |