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Neonelite-Publima

Active
Public limited companyfounded 1991active for 34 yearsBrugsesteenweg 64, 8740 Pittem, BelgiumKBO/BCE: BE 0445.510.409
Summary

The computed 12-month bankruptcy probability of Neonelite-Publima is 1.5% (moderate). The annual accounts of Neonelite-Publima for financial year 2025 show a net loss of 70% of the equity at the start of that year. The 2025 annual accounts show equity of €1.3m and a net result of -€551,621. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 14% of 123 sector peers (NACE 27, financial year 2025). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, full format

Turnover
€5.2m▲ 26.8%
2020 · €4.1m
EBIT margin
-2.9%▼ 5.9pp
2020 · 3.0%
Net result
-€551,621▼ 260%
2024 · -€153,393
Working capital
-€396,587
2024 · €269,164
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €140,357 in 2025 against €71,548 in 2024; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€5.2m 2021 Operating result-€0.1m 2025 Net result-€0.6m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 27, Manufacture of electrical equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€7.3m-€5.7m▼ 22.5%€4.1m▼ 27.1%€5.2m▲ 26.8%
Operating result-€0.2m--€0.6m▼ 143%€0.1m-€0.2m€0.5m€0.2m▼ 66.5%-€0.07m-€0.1m▼ 96.2%
Net result-€0.3m--€0.9m▼ 173%€0.09mwithin the sector's middle half-€0.2mbelow the sector's middle half€0.4mabove the sector's middle half€0.06mwithin the sector's middle half▼ 84.3%-€0.2mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 260%
EBIT margin-3.1%--9.8%▼ 6.6pp3.0%▲ 12.8pp-2.9%▼ 5.9pp
Equity€0.5m--€0.06m€0.7mwithin the sector's middle half€0.5mwithin the sector's middle half▼ 31.7%€0.9mwithin the sector's middle half▲ 84.6%€0.9mwithin the sector's middle half▲ 7.2%€0.8mwithin the sector's middle half▼ 16.3%€1.3mwithin the sector's middle half▲ 70.4%
Total assets€5.2m-€5.4m▲ 2.8%€4.1mwithin the sector's middle half▼ 24.7%€4.4mwithin the sector's middle half▲ 9.3%€4.5mabove the sector's middle half▲ 1.6%€3.8mabove the sector's middle half▼ 15.5%€5.1mabove the sector's middle half▲ 34.3%€10.1mwithin the sector's middle half▲ 97.0%
Debt€4.7m-€5.4m▲ 14.9%€3.3m▼ 38.3%€3.9m▲ 17.9%€3.6m▼ 8.3%€2.8m▼ 21.0%€4.3m▲ 52.2%€8.7m▲ 102%
Working capital-€0.2m--€0.02m▲ 89.3%€0.2mwithin the sector's middle half€0.6mwithin the sector's middle half▲ 155%€0.8mwithin the sector's middle half▲ 38.2%€0.9mwithin the sector's middle half▲ 17.8%€0.3mwithin the sector's middle half▼ 70.9%-€0.4mbelow the sector's middle half
Solvency9.2%--1.1%▼ 10.2pp17.1%below the sector's middle half▲ 18.2pp10.7%below the sector's middle half▼ 6.4pp19.4%below the sector's middle half▲ 8.7pp24.7%within the sector's middle half▲ 5.2pp15.4%below the sector's middle half▼ 9.3pp13.3%below the sector's middle half▼ 2.1pp
Current ratio0.95-0.99▲ 0.041.08below the sector's middle half▲ 0.081.18within the sector's middle half▲ 0.101.25within the sector's middle half▲ 0.071.38within the sector's middle half▲ 0.131.07below the sector's middle half▼ 0.310.94below the sector's middle half▼ 0.13
Return on assets (ROA)-6.1%--16.1%▼ 10.1pp2.1%within the sector's middle half▲ 18.2pp-5.0%below the sector's middle half▼ 7.1pp8.9%within the sector's middle half▲ 13.9pp1.7%within the sector's middle half▼ 7.3pp-3.0%below the sector's middle half▼ 4.7pp-5.5%below the sector's middle half▼ 2.5pp
Staff (FTE)67.5-62.4▼ 7.6%50.7within the sector's middle half▼ 18.8%46.5within the sector's middle half▼ 8.3%45.8above the sector's middle half▼ 1.5%44.9above the sector's middle half▼ 2.0%43.6above the sector's middle half▼ 2.9%60.5above the sector's middle half▲ 38.8%
above within below the middle half of NACE 27, Manufacture of electrical equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2025 Net result -260% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.1m
Fixed assets €2.8m ▲ 169%
Current assets €6.3m ▲ 54.3%
Equity and liabilities €10.1m
Equity €1.3m ▲ 70.4%
Debt €8.7m ▲ 102%
Debt's share of the balance-sheet total rises from 84.6% to 86.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€269,729▲
2024 · €113,269
Cash flow
-€141,535▼
2024 · €31,424
Quick ratio
0.46▼
2024 · 0.51
Debt to equity
6.52▲
2024 · 5.51
ROE
-41.2%▼
2024 · -19.5%
Interest coverage
0.64▼
2024 · 0.91
Debt ≤ 1 year
€6.7m▲
2024 · €3.8m
Debt > 1 year
€1.9m▲
2024 · €421,280
Income taxes
€4,331▼
2024 · €9,376
Staff costs
€4.3m▲
2024 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97.3% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
0.5% went bankrupt
2.2% stopped otherwise
97.3% still going

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 67 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.1m€10.1m▲
Formation expenses20-€1.0m
Fixed assets21/28€1.0m€2.8m▲
Intangible fixed assets21€0.3m€1.5m▲
Tangible fixed assets22/27€0.8m€1.2m▲
Plant, machinery and equipment23€0.4m€0.6m▲
Furniture and vehicles24€0.08m€0.2m▲
Leasing and similar rights25€0.07m€0.2m▲
Other tangible fixed assets26€0.07m€0.1m▲
Assets under construction and advance payments27€0.1m€0▼
Financial fixed assets28€0.001m€0.09m▲
Current assets29/58€4.1m€6.3m▲
Stocks and contracts in progress3€2.1m€3.2m▲
Stocks30/36€2.1m€2.6m▲
Contracts in progress37-€0.6m
Amounts receivable within one year40/41€1.8m€2.9m▲
Trade receivables40€1.5m€2.5m▲
Other amounts receivable41€0.3m€0.4m▲
Cash at bank and in hand54/58€0.1m€0.09m▼
Deferred charges and accrued income490/1€0.05m€0.05m▲
Equity and liabilities
Total equity and liabilities10/49€5.1m€10.1m▲
Equity10/15€0.8m€1.3m▲
Contributions10/11€0.6m€1.7m▲
Capital10€0.6m€1.7m▲
Issued capital100€0.6m€1.7m▲
Contributions outside capital11€240€0▼
Share premium1100/10€240€0▼
Reserves13€0.2m€0▼
Non-distributable reserves130/1€0.06m€0▼
Legal reserve130€0.06m€0▼
Distributable reserves133€0.2m€0▼
Profit (loss) carried forward14--€0.3m
Amounts payable17/49€4.3m€8.7m▲
Amounts payable after more than one year17€0.4m€1.9m▲
Financial debts170/4€0.4m€1.9m▲
Amounts payable within one year42/48€3.8m€6.7m▲
Current portion of amounts payable after more than one year42€0.3m€0.5m▲
Financial debts43€0.9m€0.8m▼
Credit institutions430/8€0.9m€0.8m▼
Trade debts44€1.1m€1.8m▲
Suppliers440/4€1.1m€1.8m▲
Advances received on contracts in progress46-€0.3m
Taxes, remuneration and social security45€1.5m€2.9m▲
Taxes450/3€1.0m€1.2m▲
Remuneration and social security454/9€0.6m€1.7m▲
Other amounts payable47/48-€0.6m
Accrued charges and deferred income492/3€0.09m€0.1m▲
Income statement Code20242025
Remuneration, social security and pensions62€2.7m€4.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.4m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.007m€0▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.03m€0▲
Other operating charges640/8€0.02m€0.2m▲
Operating charges capitalised as restructuring costs649--€1.0m
Non-recurring operating charges66A€0.1m€0.3m▲
Gross operating margin9900€2.9m€4.0m▲
Operating profit (loss)9901-€0.07m-€0.1m▼
Financial income75/76B€0.05m€0.01m▼
Recurring financial income75€0.05m€0.01m▼
Financial charges65/66B€0.1m€0.4m▲
Recurring financial charges65€0.1m€0.4m▲
Profit (loss) for the period before taxes9903-€0.1m-€0.5m▼
Income taxes67/77€0.009m€0.004m▼
Profit (loss) for the period9904-€0.2m-€0.6m▼
Profit (loss) for the period to be appropriated9905-€0.2m-€0.6m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m-€0.6m▼
Transfer from equity791/2€0.2m€0.2m▲
Social balance sheet
Average headcount (FTE)908743.660.5▲

The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€5.7m-----
Turnover70€7.3m€5.7m€4.1m€5.2m-----
Change in stocks of work in progress, finished goods and contracts in progress71---€0.3m-----
Own construction capitalised72---€0.09m-----
Other operating income74---€0.1m-----
Operating charges60/66A---€5.9m-----
Goods for resale, raw materials and consumables60---€1.5m-----
Purchases600/8---€1.5m-----
Change in stocks: decrease (increase)609---€0.03m-----
Services and other goods61---€1.2m-----
Remuneration, social security and pensions62---€2.3m€2.5m€2.6m€2.7m€4.3m▲ 59.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.3m€0.3m€0.3m€0.3m€0.3m€0.2m€0.4m▲ 122%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.02m€0.08m€0.002m€0.007m€0▼ 100%
Provisions for liabilities and charges: additions (uses and reversals)635/8---€0.003m-€0.002m-€0.004m-€0.03m€0-
Other operating charges640/8---€0.1m€0.05m€0.09m€0.02m€0.2m▲ 738%
Operating charges capitalised as restructuring costs649--------€1.0m-
Non-recurring operating charges66A---€0.4m--€0.1m€0.3m▲ 108%
Gross operating margin9900----€3.5m€3.1m€2.9m€4.0m▲ 36.5%
Operating profit (loss)9901-€0.2m-€0.6m€0.1m-€0.2m€0.5m€0.2m-€0.07m-€0.1m▼ 96.2%
Financial income75/76B---€0.2m€0.02m€0.03m€0.05m€0.01m▼ 75.8%
Recurring financial income75€0.04m€0.02m€0.04m€0.02m€0.02m€0.03m€0.05m€0.01m▼ 75.8%
Income from current assets751---€0.002m-----
Other financial income752/9---€0.02m-----
Non-recurring financial income76B---€0.2m-----
Financial charges65/66B---€0.2m€0.1m€0.1m€0.1m€0.4m▲ 237%
Recurring financial charges65€0.1m€0.1m€0.07m€0.09m€0.1m€0.1m€0.1m€0.4m▲ 237%
Debt charges650€0.05m€0.04m€0.04m€0.05m-----
Other financial charges652/9---€0.03m-----
Non-recurring financial charges66B---€0.2m-----
Profit (loss) for the period before taxes9903-€0.3m-€0.9m€0.09m-€0.2m€0.4m€0.1m-€0.1m-€0.5m▼ 280%
Income taxes67/77€0.002m€0.002m€0.002m€0.01m€0.002m€0.04m€0.009m€0.004m▼ 53.8%
Taxes670/3---€0.01m-----
Profit (loss) for the period9904-€0.3m-€0.9m€0.09m-€0.2m€0.4m€0.06m-€0.2m-€0.6m▼ 260%
Profit (loss) for the period to be appropriated9905-€0.3m-€0.9m€0.09m-€0.2m€0.4m€0.06m-€0.2m-€0.6m▼ 260%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€5.2m€5.4m€4.1m€4.4m€4.5m€3.8m€5.1m€10.1m▲ 97.0%
Formation expenses20€0.2m€0.2m€0.1m€0.09m€0.04m--€1.0m-
Fixed assets21/28€0.8m€1.3m€0.8m€0.6m€0.6m€0.4m€1.0m€2.8m▲ 169%
Intangible fixed assets21€0.4m€0.5m€0.5m€0.4m€0.3m€0.2m€0.3m€1.5m▲ 464%
Tangible fixed assets22/27€0.4m€0.8m€0.3m€0.3m€0.3m€0.3m€0.8m€1.2m▲ 53.1%
Plant, machinery and equipment23---€0.05m€0.08m€0.06m€0.4m€0.6m▲ 56.1%
Furniture and vehicles24---€0.03m€0.05m€0.05m€0.08m€0.2m▲ 134%
Leasing and similar rights25---€0.09m€0.05m€0.1m€0.07m€0.2m▲ 221%
Other tangible fixed assets26---€0.1m€0.1m€0.08m€0.07m€0.1m▲ 86.8%
Assets under construction and advance payments27------€0.1m€0▼ 100%
Financial fixed assets28€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.09m▲ 11,774%
Other financial fixed assets284/8---€0.001m-----
Amounts receivable and cash guarantees285/8---€0.001m-----
Current assets29/58€4.2m€3.9m€3.1m€3.7m€3.9m€3.4m€4.1m€6.3m▲ 54.3%
Stocks and contracts in progress3€1.9m€1.8m€1.8m€2.0m€1.8m€2.0m€2.1m€3.2m▲ 51.5%
Stocks30/36---€2.0m€1.8m€2.0m€2.1m€2.6m▲ 22.5%
Raw materials and consumables30/31---€0.8m-----
Work in progress32---€0.4m-----
Finished goods33---€0.9m-----
Contracts in progress37-------€0.6m-
Amounts receivable within one year40/41€2.0m€1.7m€0.9m€1.7m€2.0m€1.2m€1.8m€2.9m▲ 64.7%
Trade receivables40---€1.5m€1.4m€0.9m€1.5m€2.5m▲ 73.3%
Other amounts receivable41---€0.2m€0.6m€0.3m€0.3m€0.4m▲ 25.7%
Cash at bank and in hand54/58€0.07m€0.02m€0.06m€0.007m€0.08m€0.03m€0.1m€0.09m▼ 31.0%
Deferred charges and accrued income490/1---€0.02m€0.02m€0.08m€0.05m€0.05m▲ 19.9%
Equity and liabilities
Total equity and liabilities10/49€5.2m€5.4m€4.1m€4.4m€4.5m€3.8m€5.1m€10.1m▲ 97.0%
Equity10/15€0.5m-€0.06m€0.7m€0.5m€0.9m€0.9m€0.8m€1.3m▲ 70.4%
Contributions10/11€0.5m€0.5m€0.6m€0.6m€0.6m€0.6m€0.6m€1.7m▲ 198%
Capital10---€0.6m€0.6m€0.6m€0.6m€1.7m▲ 198%
Issued capital100---€0.6m€0.6m€0.6m€0.6m€1.7m▲ 198%
Contributions outside capital11---€240€240€240€240€0▼ 100%
Share premium1100/10---€240€240€240€240€0▼ 100%
Reserves13€0.05m€0.05m€0.1m€0.06m€0.3m€0.4m€0.2m€0▼ 100%
Non-distributable reserves130/1---€0.06m€0.06m€0.06m€0.06m€0▼ 100%
Legal reserve130---€0.06m€0.06m€0.06m€0.06m€0▼ 100%
Distributable reserves133----€0.3m€0.3m€0.2m€0▼ 100%
Profit (loss) carried forward14-€0.09m-€1.0m-€0.09m-€0.1m----€0.3m-
Provisions and deferred taxes16€0.06m€0.05m€0.03m€0.03m€0.03m€0.03m---
Provisions for liabilities and charges160/5---€0.03m€0.03m€0.03m---
Environmental obligations163----€0.03m€0.03m---
Other liabilities and charges164/5---€0.03m-----
Amounts payable17/49€4.7m€5.4m€3.3m€3.9m€3.6m€2.8m€4.3m€8.7m▲ 102%
Amounts payable after more than one year17€0.2m€1.4m€0.4m€0.8m€0.4m€0.3m€0.4m€1.9m▲ 359%
Financial debts170/4---€0.8m€0.4m€0.3m€0.4m€1.9m▲ 359%
Leasing and similar obligations172---€0.06m-----
Credit institutions173---€0.2m-----
Other loans174---€0.5m-----
Amounts payable within one year42/48€4.4m€4.0m€2.9m€3.1m€3.1m€2.4m€3.8m€6.7m▲ 75.6%
Current portion of amounts payable after more than one year42---€0.2m€0.3m€0.3m€0.3m€0.5m▲ 37.4%
Financial debts43---€0.6m€0.7m€0.6m€0.9m€0.8m▼ 13.2%
Credit institutions430/8---€0.6m€0.7m€0.6m€0.9m€0.8m▼ 13.2%
Trade debts44€1.4m€1.1m€0.3m€0.7m€0.8m€0.7m€1.1m€1.8m▲ 67.1%
Suppliers440/4---€0.7m€0.8m€0.7m€1.1m€1.8m▲ 67.1%
Advances received on contracts in progress46---€0.04m---€0.3m-
Taxes, remuneration and social security45---€1.6m€1.4m€0.8m€1.5m€2.9m▲ 88.5%
Taxes450/3---€0.7m€0.6m€0.2m€1.0m€1.2m▲ 24.6%
Remuneration and social security454/9---€0.9m€0.7m€0.6m€0.6m€1.7m▲ 201%
Other amounts payable47/48----€0.02m€0.07m-€0.6m-
Accrued charges and deferred income492/3---€0.03m€0.05m€0.1m€0.09m€0.1m▲ 8.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.3m-€0.9m€0.09m-€0.2m€0.4m€0.06m-€0.2m-€0.6m▼ 260%
+ Depreciation and write-downs630€0.2m€0.3m€0.3m€0.3m€0.3m€0.3m€0.2m€0.4m▲ 122%
Operating cash flow (approximation)-€0.1m-€0.5m€0.4m€0.1m€0.7m€0.4m€0.03m-€0.1m-
Investment in fixed assets (approximation)--€0.8m€0.1m-€0.1m-€0.3m-€0.2m-€0.8m-€2.1m▼ 179%
Change in cash--€0.04m€0.03m-€0.05m€0.08m-€0.05m€0.1m-€0.04m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 34 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 31-07-2026 2026-00373348
31-12-2024 abbreviated format 29-08-2025 2025-00473178
31-12-2023 abbreviated format 10-07-2024 2024-00229405
31-12-2022 abbreviated format 17-04-2023 2023-00059871
31-12-2021 full format 15-07-2022 2022-20188547
31-12-2020 full format 02-06-2021 2021-16700312
31-12-2019 full format 04-12-2020 2020-74700265
31-12-2018 full format 11-10-2019 2019-69700347
31-12-2017 full format 30-09-2018 2018-67100231
31-12-2016 full format 17-08-2017 2017-43900209

Show all 34 filings

Similar companies · same sector, comparable size

Of the 254 active companies whose main activity is manufacture of electrical equipment (NACE 27402), figures are known for 156. 86 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2024 · 3 entries · €1,515 awarded · €1,515 paid
Year Entries AwardedPaid
2024 1 €975€975
2023 1 €502€502
2022 1 €38€38
Schemes
3 entries · €1,515 · €1,515 paid · Fonds voor Innoveren en Ondernemen

Public contracts

4 awards · 2018 to 2022
Production et interventions sur enseignes publicitaires extérieures
buyer: Loterie Nationale S.A. de droit publicFurniture, furnishings and cleaning productsawarded 17-05-2022€1.3m8 tendersTED 273912-2022
Marché public de fournitures et de services: production, installation et entretien d'enseignes: Installation et démontage d'enseignes lumineuses et non lumineuses extérieures. Ainsi que la réalisation d'interventions ad hoc
buyer: Loterie Nationale SA de droit publicFurniture, furnishings and cleaning productsawarded 17-01-2018€136,1384 tendersTED 93832-2018
Marché public de fournitures et de services: production, installation et entretien d'enseignes: Entretien des enseignes lumineuses et non lumineuses extérieures
buyer: Loterie Nationale SA de droit publicFurniture, furnishings and cleaning productsawarded 17-01-20184 tendersTED 93832-2018
Marché public de fournitures et de services: production, installation et entretien d'enseignes: Production d'autres types d'enseignes lumineuses et non lumineuses dans un format plus petit ou plus grand, pour une utilisation à l'extérieur ou à l'intérieur
buyer: Loterie Nationale SA de droit publicFurniture, furnishings and cleaning productsawarded 17-01-2018€916,0005 tendersTED 93832-2018

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.