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NEW DIFFUSION

Active
Private limited company (pre-2019)founded 198640 yrs activeBlankenbergse Steenweg 19, 8377 Zuienkerke, BelgiumKBO/BCE: BE 0429.226.582
Summary

NEW DIFFUSION has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €380,362 and a net result of €4,013. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 67% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▲+4
Solvency98▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.33 against 2.11 in 2023; short-term debt: 23.4% and cash: 0.3% of total assets), and 27.2% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-12-2025, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
123 d late
2023
91 d late
2022
88 d late
2021
145 d late
2020
131 d late
2019
145 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 121 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 June 1986, NEW DIFFUSION was incorporated.1 Total assets went from EUR 517,505 in 2018 to EUR 522,661 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€380,362▲ 1.1%
2023 · €376,349
Total assets
€522,661▲ 4.8%
2023 · €498,621
Net result
€4,013▼ 36.6%
2023 · €6,333
Working capital
€162,109▲ 19.3%
2023 · €135,903
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€6,954-€26,682▼ 284%€19,591-€269-€148▲ 45.2%
Net result€8,999▼ 21.0%-€7,309€23,729€6,333▼ 73.3%€4,013▼ 36.6%
Equity€353,595▲ 2.6%€346,286▼ 2.1%€370,015▲ 6.9%€376,349▲ 1.7%€380,362▲ 1.1%
Total assets€539,836▲ 5.2%€569,026▲ 5.4%€468,433▼ 17.7%€498,621▲ 6.4%€522,661▲ 4.8%
Debt€186,241▲ 10.5%€222,740▲ 19.6%€98,417▼ 55.8%€122,272▲ 24.2%€142,299▲ 16.4%
Working capital€198,630▲ 2.3%€192,922▼ 2.9%€218,252▲ 13.1%€135,903▼ 37.7%€162,109▲ 19.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2020: -€6,954-€6,954Net result 2020: €8,999€8,999Operating result 2021: -€26,682-€26,682Net result 2021: -€7,309-€7,309Operating result 2022: €19,591€19,591Net result 2022: €23,729€23,729Operating result 2023: -€269-€269Net result 2023: €6,333€6,333Operating result 2024: -€148-€148Net result 2024: €4,013€4,01320202021202220232024-€10,000€0€10,000€20,000Operating result 2022: €19,591€19,600Net result 2022: €23,729€23,700Operating result 2023: -€269-€269Net result 2023: €6,333€6,330Operating result 2024: -€148-€148Net result 2024: €4,013€4,010202220232024
The operating result stays negative: a loss of €148 in 2024 against €269 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €522,661
Fixed assets €238,253 ▼ 0.9%
Current assets €284,408 ▲ 10.2%
Equity and liabilities €522,661
Equity €380,362 ▲ 1.1%
Debt €142,299 ▲ 16.4%
Debt's share of the balance-sheet total rises from 24.5% to 27.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€2,045▲
2023 · €607
Cash flow
€6,205▼
2023 · €7,209
Current ratio
2.33▲
2023 · 2.11
Quick ratio
2.25▲
2023 · 2.11
Debt to equity
0.37▲
2023 · 0.32
ROE
1.1%▼
2023 · 1.7%
ROA
0.8%▼
2023 · 1.3%
Interest coverage
1.35▲
2023 · 0.80
Debt ≤ 1 year
€122,299=
2023 · €122,272
Debt > 1 year
€20,000
Income taxes
€5,768▲
2023 · €4,025
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet Code20232024
Assets
Total assets20/58€498,621€522,661▲
Fixed assets21/28€240,445€238,253▼
Intangible fixed assets21€4,911€3,253▼
Tangible fixed assets22/27€534-
Plant, machinery and equipment23€534-
Financial fixed assets28€235,000€235,000=
Current assets29/58€258,175€284,408▲
Stocks and contracts in progress3-€9,612
Stocks30/36-€9,612
Amounts receivable within one year40/41€220,790€236,833▲
Trade receivables40€30,822€22,869▼
Other amounts receivable41€189,968€213,964▲
Current investments50/53€35,000€35,000=
Cash at bank and in hand54/58-€1,745
Deferred charges and accrued income490/1€2,385€1,218▼
Equity and liabilities
Total equity and liabilities10/49€498,621€522,661▲
Equity10/15€376,349€380,362▲
Contributions10/11€148,736€148,736=
Reserves13€42,668€46,681▲
Non-distributable reserves130/1€14,874€14,874=
Reserves not available under the articles1311€14,874€14,874=
Distributable reserves133€27,795€31,808▲
Profit (loss) carried forward14€184,945€184,945=
Amounts payable17/49€122,272€142,299▲
Amounts payable after more than one year17-€20,000
Financial debts170/4-€20,000
Amounts payable within one year42/48€122,272€122,299=
Financial debts43€2,392€9,262▲
Credit institutions430/8€2,392€9,262▲
Trade debts44€38,116€33,754▼
Suppliers440/4€38,116€33,754▼
Taxes, remuneration and social security45€40,015€38,284▼
Taxes450/3€40,015€38,284▼
Other amounts payable47/48€41,750€41,000▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€876€2,192▲
Other operating charges640/8€2,172€2,712▲
Gross operating margin9900€2,779€4,757▲
Operating profit (loss)9901-€269-€148▲
Financial income75/76B€11,390€11,439▲
Recurring financial income75€11,390€11,439▲
Financial charges65/66B€762€1,511▲
Recurring financial charges65€762€1,511▲
Profit (loss) for the period before taxes9903€10,359€9,781▼
Income taxes67/77€4,025€5,768▲
Profit (loss) for the period9904€6,333€4,013▼
Profit (loss) for the period to be appropriated9905€6,333€4,013▼
Appropriation of the result
Profit (loss) to be appropriated9906€191,278€188,958▼
Profit (loss) brought forward from the previous period14P€184,945€184,945=
Transfer to equity691/2€6,333€4,013▼
To other reserves6921€6,333€4,013▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A--€1,364---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€791€1,601€1,601€876€2,192▲ 150%
Other operating charges640/8-€19,231€2,758€2,172€2,712▲ 24.9%
Gross operating margin9900-€5,047-€5,851€23,950€2,779€4,757▲ 71.2%
Operating profit (loss)9901-€6,954-€26,682€19,591-€269-€148▲ 45.2%
Financial income75/76B-€21,042€16,107€11,390€11,439▲ 0.4%
Recurring financial income75€30,640€21,042€16,107€11,390€11,439▲ 0.4%
Financial charges65/66B-€657€1,023€762€1,511▲ 98.2%
Recurring financial charges65€808€657€1,023€762€1,511▲ 98.2%
Profit (loss) for the period before taxes9903€22,877-€6,297€34,675€10,359€9,781▼ 5.6%
Income taxes67/77€13,878€1,012€10,946€4,025€5,768▲ 43.3%
Profit (loss) for the period9904€8,999-€7,309€23,729€6,333€4,013▼ 36.6%
Profit (loss) for the period to be appropriated9905€8,999-€7,309€23,729€6,333€4,013▼ 36.6%
Line20202021202220232024Change
Assets
Total assets20/58€539,836€569,026€468,433€498,621€522,661▲ 4.8%
Fixed assets21/28€154,965€153,364€151,764€240,445€238,253▼ 0.9%
Intangible fixed assets21---€4,911€3,253▼ 33.8%
Tangible fixed assets22/27€4,547€2,947€1,346€534--
Plant, machinery and equipment23-€2,947€1,346€534--
Financial fixed assets28€150,418€150,418€150,418€235,000€235,000=
Current assets29/58€384,871€415,661€316,669€258,175€284,408▲ 10.2%
Stocks and contracts in progress3----€9,612-
Stocks30/36----€9,612-
Amounts receivable within one year40/41€347,280€376,627€281,669€220,790€236,833▲ 7.3%
Trade receivables40-€31,151€30,872€30,822€22,869▼ 25.8%
Other amounts receivable41-€345,475€250,796€189,968€213,964▲ 12.6%
Current investments50/53€35,000€35,000€35,000€35,000€35,000=
Cash at bank and in hand54/58€360€4,035--€1,745-
Deferred charges and accrued income490/1---€2,385€1,218▼ 49.0%
Equity and liabilities
Total equity and liabilities10/49€539,836€569,026€468,433€498,621€522,661▲ 4.8%
Equity10/15€353,595€346,286€370,015€376,349€380,362▲ 1.1%
Contributions10/11-€148,736€148,736€148,736€148,736=
Reserves13€36,335€36,335€36,335€42,668€46,681▲ 9.4%
Non-distributable reserves130/1-€14,874€14,874€14,874€14,874=
Reserves not available under the articles1311-€14,874€14,874€14,874€14,874=
Distributable reserves133-€21,461€21,461€27,795€31,808▲ 14.4%
Profit (loss) carried forward14€168,524€161,215€184,945€184,945€184,945=
Amounts payable17/49€186,241€222,740€98,417€122,272€142,299▲ 16.4%
Amounts payable after more than one year17----€20,000-
Financial debts170/4----€20,000-
Amounts payable within one year42/48€186,241€222,740€98,417€122,272€122,299=
Financial debts43--€199€2,392€9,262▲ 287%
Credit institutions430/8--€199€2,392€9,262▲ 287%
Trade debts44€7,353€39,067€35,675€38,116€33,754▼ 11.4%
Suppliers440/4-€39,067€35,675€38,116€33,754▼ 11.4%
Taxes, remuneration and social security45-€41,548€15,444€40,015€38,284▼ 4.3%
Taxes450/3-€41,548€15,444€40,015€38,284▼ 4.3%
Other amounts payable47/48-€142,125€47,099€41,750€41,000▼ 1.8%
Line20202021202220232024Change
Profit (loss) for the period9904€8,999-€7,309€23,729€6,333€4,013▼ 36.6%
+ Depreciation and write-downs630€791€1,601€1,601€876€2,192▲ 150%
Operating cash flow (approximation)€9,790-€5,709€25,330€7,209€6,205▼ 13.9%
Investment in fixed assets (approximation)-€0€0-€89,557€0▲ 100%
Change in cash-€3,675----

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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Timeline · acts, filings and financial milestones

2025
01-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 123 days late
2024
30-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
27-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial Back to profitnet €23,729
Net result €23,729 after one loss-making year.
23-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 145 days late
2021
31-12
Financial Weakest financial yearnet -€7,309
Net result drops to -€7,309, the lowest in the series; recovery starts the following year.
09-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 131 days late
2020
23-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
2019
09-12
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 131 days late
2016
19-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 385 days late
2013
08-10
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 69 days late
2012
12-10
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Zuienkerke · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
6,321 m²
Building footprint
718 m²
Volume, LiDAR
3,328 m³
2 parcels, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
SQUAD
Monnikenwerve 71, 8000 BruggeNACE 5010101
since 19872.032.831.176
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31042C0264/00G000 Flanders 4,283 m² 1 · 174 m² 6.7 m · 2 fl.
31808K0363/00R000 Flanders 2,038 m² 1 · 544 m² 5.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 36,680 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded16-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46423Wholesale of clothing, excluding workwear and underwear

Scores and ratios are computed by Checked and are not a credit decision.