NEOREAL
ActiveNEOREAL has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €-730. Equity is shrinking by ~41.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 34% of 1978 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▲+61
Solvency53▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.8%
Return on assets
-5.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
27 d late
2024
137 d late
2023
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 17.6%
2024 · €4k
2023: €7k
2024: €4k
2023 → 2025
Total assets
€12k▲ 1.5%
2024 · €12k
2023: €14k
2024: €12k
2023 → 2025
Net result
€-730▲ 73.3%
2024 · €-3k
2023: €3k
2024: €-3k
2023 → 2025
Working capital
€605
2024 · €-998
2023: €2k
2024: €-998
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€7k-€4k▼ 39.7%€3k▼ 17.6%
Operating result€3k-€-2k€-227▲ 89.1%
Net result€3k-€-3k€-730▲ 73.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €227 in 2025 against €2k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12k
Fixed assets
€3k▼ 45.3%
Current assets
€9k▲ 36.1%
Equity and liabilities €12k
Equity
€3k▼ 17.6%
Debt
€9k▲ 11.4%
The debt ratio rises from 65.8% to 72.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▲
2024 · €-360
Cash flow
€2k▲
2024 · €-1k
Solvency
27.8%▼
2024 · 34.2%
Current ratio
1.07▲
2024 · 0.87
Quick ratio
1.07▲
2024 · 0.87
Debt / equity
2.60▲
2024 · 1.92
ROE
-21.3%▲
2024 · -65.8%
ROA
-5.9%▲
2024 · -22.5%
Interest coverage
12.45▲
2024 · -3.58
Debt
€9k▲
2024 · €8k
Debt ≤ 1 year
€9k▲
2024 · €8k
Income taxes
€349▼
2024 · €550
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12k€12k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€7k€9k▲
Amounts receivable within one year40/41€3k€3k▲
Trade receivables40€3k€2k▼
Other amounts receivable41€378€941▲
Cash at bank and in hand54/58€4k€6k▲
Deferred charges and accrued income490/1€61€39▼
Equity and liabilities
Total equity and liabilities10/49€12k€12k▲
Equity10/15€4k€3k▼
Contributions10/11€500€500=
Reserves13€50€50=
Non-distributable reserves130/1€50€50=
Reserves not available under the articles1311€50€50=
Profit (loss) carried forward14€4k€3k▼
Amounts payable17/49€8k€9k▲
Amounts payable within one year42/48€8k€9k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€829€349▼
Taxes450/3€829€349▼
Other amounts payable47/48€5k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€630€2k▲
Gross operating margin9900€270€4k▲
Operating profit (loss)9901€-2k€-227▲
Financial income75/76B€0€16▲
Recurring financial income75€0€16▲
Financial charges65/66B€100€169▲
Recurring financial charges65€100€169▲
Profit (loss) for the period before taxes9903€-2k€-381▲
Income taxes67/77€550€349▼
Profit (loss) for the period9904€-3k€-730▲
Profit (loss) for the period to be appropriated9905€-3k€-730▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€3k▼
Profit (loss) brought forward from the previous period14P€6k€4k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 137 days late
2024
31-12
Financial
Weakest financial yearnet €-3k ▼197%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Huy · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin des Chapelles 284500 HuyGround area
1,395 m²
Building footprint
229 m²
Volume, LiDAR
1,660 m³
2 parcels, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Neoreal Studios
since 20182.274.961.289
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031B1056/00R000 | Wallonia | 1,286 m² | 1 · 145 m² | 7.8 m · 2 fl. |
| 61031B0837/00H000 | Wallonia | 109 m² | 1 · 84 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SIXELEVEN
BE 0754.500.741
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PRODUCTION SOLUTIONS
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MakeShiftPublishing
BE 0762.843.236
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INTEMPO
BE 0737.845.049
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Peter Castles
BE 0742.890.435
Sint-Pieters-Leeuw · Eq €4k
Of 6,657 companies in sector 90111 we hold annual accounts for 383. 157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2018
Fiscal year end31-12
Abbreviation FR
ORFP
Activities, NACEBEL
90031Arts creation and performing arts activities
90111Literary creation
58110Book publishing
58210Publishing activities
59111Production of cinema films
59113Video and film production, excluding cinema and television films
59114Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
59201Sound recording
59203Motion picture, video and television programme production, sound recording and music publishing activities
60200Programming, broadcasting, news agency and other content distribution activities
73110Advertising agencies
82300Organisation of conventions and trade shows
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.