nephile
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-06-2026 at the NBB all 35 filings
Equity
€150,625▼ 26.9%
2024 · €205,970
Total assets
€155,328▼ 26.1%
2024 · €210,116
Net result
-€55,344▼ 3,327%
2024 · -€1,615
Working capital
€150,625▼ 26.9%
2024 · €205,970
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€46,827
▼ 3,418%
2025
20182025
Net result
-€55,344
▼ 3,327%
2025
lowest quarter of the sector
20182025
Equity
€150,625
▼ 26.9%
2025
middle half of the sector
20182025
Total assets
€155,328
▼ 26.1%
2025
middle half of the sector
20182025
Debt
€4,703
▲ 13.4%
2025
20182025
Working capital
€150,625
▼ 26.9%
2025
middle half of the sector
20182025
Solvency
97.0%
▼ 1.1pp
2025
highest quarter of the sector
20182025
Current ratio
33.03
▼ 17.65
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-35.6%
▼ 34.9pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€38,982-€44,712▲ 14.7%€16,571▼ 62.9%€64,274▲ 288%€44,186▼ 31.3%€43,005▼ 2.7%-€1,331-€46,827▼ 3,418%
Net result€38,982-€44,564▲ 14.3%€16,404within the sector's middle half▼ 63.2%€64,113above the sector's middle half▲ 291%€43,983above the sector's middle half▼ 31.4%€42,794above the sector's middle half▼ 2.7%-€1,615within the sector's middle half-€55,344below the sector's middle half▼ 3,327%
Equity-€4,272-€40,291€56,695within the sector's middle half▲ 40.7%€120,808within the sector's middle half▲ 113%€164,791above the sector's middle half▲ 36.4%€207,585above the sector's middle half▲ 26.0%€205,970above the sector's middle half▼ 0.8%€150,625within the sector's middle half▼ 26.9%
Total assets€87,334-€97,302▲ 11.4%€74,009within the sector's middle half▼ 23.9%€121,708within the sector's middle half▲ 64.5%€164,791within the sector's middle half▲ 35.4%€209,870within the sector's middle half▲ 27.4%€210,116within the sector's middle half▲ 0.1%€155,328within the sector's middle half▼ 26.1%
Debt€91,607-€57,011▼ 37.8%€17,314▼ 69.6%€900▼ 94.8%€2,285€4,146▲ 81.5%€4,703▲ 13.4%
Working capital-€4,272-€40,291€56,695within the sector's middle half▲ 40.7%€120,808above the sector's middle half▲ 113%€207,585above the sector's middle half€205,970above the sector's middle half▼ 0.8%€150,625within the sector's middle half▼ 26.9%
Solvency-4.9%-41.4%▲ 46.3pp76.6%above the sector's middle half▲ 35.2pp99.3%above the sector's middle half▲ 22.7pp100.0%above the sector's middle half▲ 0.7pp98.9%above the sector's middle half▼ 1.1pp98.0%above the sector's middle half▼ 0.9pp97.0%above the sector's middle half▼ 1.1pp
Current ratio0.95-1.71▲ 0.754.27above the sector's middle half▲ 2.5791.85above the sector's middle half50.68above the sector's middle half▼ 41.1733.03above the sector's middle half▼ 17.65
Return on assets (ROA)44.6%-45.8%▲ 1.2pp22.2%above the sector's middle half▼ 23.6pp52.7%above the sector's middle half▲ 30.5pp26.7%above the sector's middle half▼ 26.0pp20.4%above the sector's middle half▼ 6.3pp-0.8%within the sector's middle half▼ 21.2pp-35.6%below the sector's middle half▼ 34.9pp
above
within
below
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 operating result for 2025 is a loss of €46,827, larger than the loss of €1,331 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €155,328
Equity
€150,625 ▼ 26.9%
Debt
€4,703 ▲ 13.4%
Debt's share of the balance-sheet total rises from 2.0% to 3.0%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.03▲
2024 · 0.02
ROE
-36.7%▼
2024 · -0.8%
Debt ≤ 1 year
€4,703▲
2024 · €4,146
Income taxes
€8,220
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €360 | €348 | €384 | €387 | €596 | ▲ 53.8% |
| Gross operating margin9900 | €39,330 | €44,712 | €16,571 | €64,635 | €44,533 | €43,389 | -€944 | -€46,231 | ▼ 4,799% |
| Operating profit (loss)9901 | €38,982 | €44,712 | €16,571 | €64,274 | €44,186 | €43,005 | -€1,331 | -€46,827 | ▼ 3,418% |
| Financial income75/76B | - | - | - | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | - | - | - | €1 | - | - | - |
| Financial charges65/66B | - | - | - | €161 | €202 | €212 | €284 | €298 | ▲ 4.8% |
| Recurring financial charges65 | - | €149 | €167 | €161 | €202 | €212 | €284 | €298 | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €38,982 | €44,564 | €16,404 | €64,113 | €43,983 | €42,794 | -€1,615 | -€47,125 | ▼ 2,818% |
| Income taxes67/77 | - | - | - | - | - | - | - | €8,220 | - |
| Profit (loss) for the period9904 | €38,982 | €44,564 | €16,404 | €64,113 | €43,983 | €42,794 | -€1,615 | -€55,344 | ▼ 3,327% |
| Profit (loss) for the period to be appropriated9905 | €38,982 | €44,564 | €16,404 | €64,113 | €43,983 | €42,794 | -€1,615 | -€55,344 | ▼ 3,327% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €87,334 | €97,302 | €74,009 | €121,708 | €164,791 | €209,870 | €210,116 | €155,328 | ▼ 26.1% |
| Fixed assets21/28 | - | - | - | - | - | €0 | - | - | - |
| Intangible fixed assets21 | - | - | - | - | - | €0 | - | - | - |
| Current assets29/58 | €87,334 | €97,302 | €74,009 | €121,708 | €164,791 | €209,870 | €210,116 | €155,328 | ▼ 26.1% |
| Amounts receivable within one year40/41 | €87,237 | €97,246 | €73,916 | €121,597 | €164,645 | €209,855 | €209,764 | €154,630 | ▼ 26.3% |
| Trade receivables40 | - | - | - | €49,289 | €97,349 | €140,059 | €139,909 | €84,809 | ▼ 39.4% |
| Other amounts receivable41 | - | - | - | €72,308 | €67,296 | €69,796 | €69,855 | €69,821 | = |
| Cash at bank and in hand54/58 | €97 | €56 | €93 | €111 | €146 | €15 | €351 | €698 | ▲ 98.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €87,334 | €97,302 | €74,009 | €121,708 | €164,791 | €209,870 | €210,116 | €155,328 | ▼ 26.1% |
| Equity10/15 | -€4,272 | €40,291 | €56,695 | €120,808 | €164,791 | €207,585 | €205,970 | €150,625 | ▼ 26.9% |
| Contributions10/11 | €188,592 | €188,592 | €188,592 | €188,592 | €188,592 | €188,592 | €188,592 | €188,592 | = |
| Capital10 | - | - | - | €188,592 | €188,592 | - | €188,592 | €188,592 | = |
| Issued capital100 | - | - | - | €188,592 | €188,592 | - | €188,592 | €188,592 | = |
| Contributions outside capital11 | - | - | - | - | - | €188,592 | - | - | - |
| Other1109/19 | - | - | - | - | - | €188,592 | - | - | - |
| Reserves13 | - | - | - | €820 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €820 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €820 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€192,864 | -€148,301 | -€131,897 | -€68,604 | -€25,661 | €17,133 | €15,518 | -€39,827 | - |
| Amounts payable17/49 | €91,607 | €57,011 | €17,314 | €900 | - | €2,285 | €4,146 | €4,703 | ▲ 13.4% |
| Amounts payable within one year42/48 | €91,607 | €57,011 | €17,314 | €900 | - | €2,285 | €4,146 | €4,703 | ▲ 13.4% |
| Trade debts44 | - | €445 | €98 | €900 | - | - | - | €339 | - |
| Suppliers440/4 | - | - | - | €900 | - | - | - | €339 | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €1,492 | €1,710 | ▲ 14.6% |
| Taxes450/3 | - | - | - | - | - | - | €1,492 | €1,710 | ▲ 14.6% |
| Other amounts payable47/48 | - | - | - | - | - | €2,285 | €2,654 | €2,654 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,982 | €44,564 | €16,404 | €64,113 | €43,983 | €42,794 | -€1,615 | -€55,344 | ▼ 3,327% |
| Operating cash flow (approximation) | €38,982 | €44,564 | €16,404 | €64,113 | €43,983 | €42,794 | -€1,615 | -€55,344 | ▼ 3,327% |
| Change in cash | - | -€40 | €36 | €19 | €35 | -€131 | €337 | €347 | ▲ 3.0% |
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, 5,831 companies had the same profile as nephile has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of nephile itself: 0.4% within 12 months.
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 5,831 companies, not a prediction for nephile. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-06-2026 | 2026-00169720 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00462477 | |
| 31-12-2023 | micro format | 13-06-2024 | 2024-00130133 | |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00349845 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20225065 | |
| 31-12-2020 | micro format | 07-06-2021 | 2021-18000285 | |
| 31-12-2019 | micro format | 29-05-2020 | 2020-13900207 | |
| 31-12-2018 | micro format | 08-07-2019 | 2019-30300298 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-34200371 | |
| 31-12-2016 | full format | 15-09-2017 | 2017-61200191 |