NETHYS IMMO
ActiveNETHYS IMMO has been active since 1948 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-168k) and a net result of €-2.69M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 166 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
7
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▲+16
Growth55=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.16 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
-1.9%
Return on assets
-30.2%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€168k
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
76 d early
2023
77 d early
2022
76 d early
2021
23 d early
2020
1 d early
2019
30 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€38.07M▼ 9.3%
2019 · €41.99M
2018: €44.21M
2019: €41.99M
2018 → 2020
EBIT margin
3.7%▲ 7.0pp
2019 · -3.3%
2018: -25.6%
2019: -3.3%
2018 → 2020
Net result
€-2.69M▼ 2,570%
2024 · €-101k
2018: €-11.34M
2019: €-1.47M
2020: €896k
2021: €7.15M
2022: €574k
2023: €26k
2024: €-101k
2018 → 2025
Working capital
€-7.56M▼ 1.0%
2024 · €-7.49M
2018: €-3.63M
2019: €-10.75M
2020: €-11.29M
2021: €-3.32M
2022: €-3.09M
2023: €-7.55M
2024: €-7.49M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.02M-€2.60M▲ 28.4%€2.62M▲ 1.0%€2.52M▼ 3.8%€-168k
Operating result€7.71M-€588k▼ 92.4%€334k▼ 43.1%€276k▼ 17.3%€-2.43M
Net result€7.15M-€574k▼ 92.0%€26k▼ 95.6%€-101k€-2.69M▼ 2,570%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2.43M after €276k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.91M
Fixed assets
€7.75M▼ 25.4%
Current assets
€1.16M▼ 15.9%
Key figures and ratios
EBITDA
€-2.07M▼
2024 · €658k
Cash flow
€-2.32M▼
2024 · €281k
Solvency
-1.9%▼
2024 · 21.4%
Current ratio
0.13▼
2024 · 0.16
Quick ratio
0.13▼
2024 · 0.16
Debt / equity
-54.15▼
2024 · 3.67
ROA
-30.2%▼
2024 · -0.9%
Interest coverage
-8.15▼
2024 · 1.75
Debt
€9.08M▼
2024 · €9.24M
Debt ≤ 1 year
€8.72M▼
2024 · €8.87M
A ratio outside any meaningful range has been withheld (balance sheet total €8.91M, equity €-168k).
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€11.76M€8.91M▼
Fixed assets21/28€10.39M€7.75M▼
Tangible fixed assets22/27€10.39M€7.75M▼
Land and buildings22€10.39M€7.75M▼
Other tangible fixed assets26€0-
Current assets29/58€1.37M€1.16M▼
Amounts receivable after more than one year29€467k-
Other amounts receivable291€467k-
Amounts receivable within one year40/41€561k€639k▲
Trade receivables40€84k€173k▲
Other amounts receivable41€476k€467k▼
Cash at bank and in hand54/58€347k€517k▲
Equity and liabilities
Total equity and liabilities10/49€11.76M€8.91M▼
Equity10/15€2.52M€-168k▼
Contributions10/11€4.20M€4.20M=
Capital10€4.20M€4.20M=
Issued capital100€4.20M€4.20M=
Reserves13€1.46M€1.46M=
Non-distributable reserves130/1€372k€372k=
Legal reserve130€363k€363k=
Reserves not available under the articles1311€8k€8k=
Tax-exempt reserves132€37k€37k=
Distributable reserves133€1.06M€1.06M=
Profit (loss) carried forward14€-3.14M€-5.83M▼
Amounts payable17/49€9.24M€9.08M▼
Amounts payable within one year42/48€8.87M€8.72M▼
Trade debts44€167k€21k▼
Suppliers440/4€167k€21k▼
Taxes, remuneration and social security45€310€518▲
Taxes450/3€310€518▲
Other amounts payable47/48€8.70M€8.70M=
Accrued charges and deferred income492/3€377k€356k▼
Income statement
Code20242025
Operating income70/76A€1.03M-
Other operating income74€731k-
Non-recurring operating income76A€300k-
Operating charges60/66A€754k-
Services and other goods61€270k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€382k€369k▼
Other operating charges640/8€103k€132k▲
Non-recurring operating charges66A-€2.27M
Gross operating margin9900-€333k
Operating profit (loss)9901€276k€-2.43M▼
Financial income75/76B€0€34▲
Recurring financial income75€0€34▲
Other financial income752/9€0-
Financial charges65/66B€377k€253k▼
Recurring financial charges65€377k€253k▼
Debt charges650€377k-
Other financial charges652/9€377-
Profit (loss) for the period before taxes9903€-101k€-2.69M▼
Profit (loss) for the period9904€-101k€-2.69M▼
Profit (loss) for the period to be appropriated9905€-101k€-2.69M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3.14M€-5.83M▼
Profit (loss) brought forward from the previous period14P€-3.04M€-3.14M▼
The notes to these accounts (4 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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €7.15M ▲698%
Operating result €7.71M, net result €7.15M, both a record.
31-12
Financial
Equity above €2MEq €2.02M
2 profitable years in a row build equity to €2.02M.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €896k
Net result €896k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
30 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, Liège · 2 establishment units since 2021
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.
Boulevard Piercot 464000 LiègeGround area
839 m²
Building footprint
381 m²
Volume, LiDAR
6,649 m³
2 parcels, Brussels, Wallonia · tallest building 29.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Centre Joseph Leclercq
since 20212.344.042.810
Site d'Ixelles
since 20232.351.550.214
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1378/00F002 ProtectedMonument |
Wallonia | 699 m² | 1 · 257 m² | 29.8 m · 6 fl. |
| 21009A0861/00N006 | Brussels | 140 m² | 1 · 124 m² | 18.0 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
DRUKKERIJ LELEU
BE 0429.709.208
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ADMINOR
BE 0433.333.939
Pont-à-Celles · Eq €2.10M
IMPRIMERIE DE LA HILL
BE 0421.159.746
Verviers · Eq €2.06M
IPM Petite Ile
BE 0415.583.632
Etterbeek · Eq €1.95M
DRUKKERIJ DE MAERTELAERE
BE 0433.432.127
Aalter · Eq €1.81M
Of 192 companies in sector 18110 we hold annual accounts for 131. 49 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-08-1948
Fiscal year end31-12
Activities, NACEBEL
18110Printing and reproduction of recorded media
22210
58130Publishing activities
58120Publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.