NEWCOM GROUP
ActiveSummary
The annual accounts of NEWCOM GROUP for fiscal year 2025 show a net loss of 71% of total assets and of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €18,309 and a net result of -€28,204. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 14254 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-76
Solvency71▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.8 against 2.3 in 2024; short-term debt: 51% and cash: 14.8% of total assets), but 54.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
45.9%
Return on assets
-70.8%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
21 d early
2023
8 d early
2022
20 d early
2021
18 d early
2020
25 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 11 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,309▼ 60.6%
2024 · €46,513
Total assets
€39,849▼ 56.8%
2024 · €92,170
Net result
-€28,204
2024 · €5,504
Working capital
€16,268▼ 65.0%
2024 · €46,443
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,024▲ 189%€61,195▲ 104%€51,024▼ 16.6%€11,293▼ 77.9%-€27,407
Net result€23,094within the sector's middle half▲ 191%€46,012above the sector's middle half▲ 99.2%€36,654above the sector's middle half▼ 20.3%€5,504within the sector's middle half▼ 85.0%-€28,204below the sector's middle half
Equity€36,035within the sector's middle half▲ 178%€6,048below the sector's middle half▼ 83.2%€41,869within the sector's middle half▲ 592%€46,513within the sector's middle half▲ 11.1%€18,309within the sector's middle half▼ 60.6%
Total assets€52,316below the sector's middle half▲ 182%€85,833below the sector's middle half▲ 64.1%€107,890below the sector's middle half▲ 25.7%€92,170below the sector's middle half▼ 14.6%€39,849below the sector's middle half▼ 56.8%
Debt€16,281▲ 189%€79,785▲ 390%€66,021▼ 17.3%€45,657▼ 30.8%€21,540▼ 52.8%
Working capital€28,321within the sector's middle half▲ 387%€1,729within the sector's middle half▼ 93.9%€29,457within the sector's middle half▲ 1,604%€46,443within the sector's middle half▲ 57.7%€16,268within the sector's middle half▼ 65.0%
Solvency68.9%above the sector's middle half▼ 0.8pp7.0%within the sector's middle half▼ 61.8pp38.8%within the sector's middle half▲ 31.8pp50.5%within the sector's middle half▲ 11.7pp45.9%within the sector's middle half▼ 4.5pp
Current ratio2.74within the sector's middle half▲ 0.711.03within the sector's middle half▼ 1.711.58within the sector's middle half▲ 0.552.30within the sector's middle half▲ 0.711.80within the sector's middle half▼ 0.50
Return on assets (ROA)44.1%above the sector's middle half▲ 1.4pp53.6%above the sector's middle half▲ 9.5pp34.0%above the sector's middle half▼ 19.6pp6.0%within the sector's middle half▼ 28.0pp-70.8%below the sector's middle half▼ 76.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27,407 after €11,293 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,849
Fixed assets
€3,252 ▼ 66.8%
Current assets
€36,597 ▼ 55.5%
Equity and liabilities €39,849
Equity
€18,309 ▼ 60.6%
Debt
€21,540 ▼ 52.8%
Debt's share of the balance-sheet total rises from 49.5% to 54.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€20,748▼
2024 · €29,384
Cash flow
-€21,544▼
2024 · €23,595
Debt to equity
1.18▲
2024 · 0.98
ROE
-154.0%▼
2024 · 11.8%
Interest coverage
-43.53▼
2024 · 34.16
Debt ≤ 1 year
€20,329▼
2024 · €35,815
Debt > 1 year
€1,211▼
2024 · €8,436
Income taxes
€320▼
2024 · €4,929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,777 | €11,764 | €15,544 | €18,091 | €6,660 | ▼ 63.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,000 | -€2,000 | ▼ 200% |
| Other operating charges640/8 | €254 | €4,068 | €454 | €543 | €3,014 | ▲ 455% |
| Gross operating margin9900 | €33,055 | €77,027 | €67,021 | €31,927 | -€19,734 | ▼ 162% |
| Operating profit (loss)9901 | €30,024 | €61,195 | €51,024 | €11,293 | -€27,407 | ▼ 343% |
| Financial income75/76B | - | €16 | - | - | - | - |
| Recurring financial income75 | - | €16 | - | - | - | - |
| Financial charges65/66B | €87 | €445 | €853 | €860 | €477 | ▼ 44.6% |
| Recurring financial charges65 | €87 | €445 | €853 | €860 | €477 | ▼ 44.6% |
| Profit (loss) for the period before taxes9903 | €29,937 | €60,766 | €50,171 | €10,433 | -€27,884 | ▼ 367% |
| Income taxes67/77 | €6,843 | €14,754 | €13,517 | €4,929 | €320 | ▼ 93.5% |
| Profit (loss) for the period9904 | €23,094 | €46,012 | €36,654 | €5,504 | -€28,204 | ▼ 612% |
| Profit (loss) for the period to be appropriated9905 | €23,094 | €46,012 | €36,654 | €5,504 | -€28,204 | ▼ 612% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,316 | €85,833 | €107,890 | €92,170 | €39,849 | ▼ 56.8% |
| Formation expenses20 | €849 | €608 | €367 | €126 | - | - |
| Fixed assets21/28 | €6,912 | €26,388 | €27,636 | €9,786 | €3,252 | ▼ 66.8% |
| Tangible fixed assets22/27 | €6,412 | €25,888 | €27,136 | €9,286 | €2,752 | ▼ 70.4% |
| Furniture and vehicles24 | €6,412 | €25,888 | €27,136 | €9,286 | €2,752 | ▼ 70.4% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €44,555 | €58,836 | €79,887 | €82,258 | €36,597 | ▼ 55.5% |
| Amounts receivable after more than one year29 | - | - | - | €28,000 | €24,000 | ▼ 14.3% |
| Other amounts receivable291 | - | - | - | €28,000 | €24,000 | ▼ 14.3% |
| Amounts receivable within one year40/41 | €10,396 | €13,817 | €34,617 | €8,524 | €4,996 | ▼ 41.4% |
| Trade receivables40 | €7,557 | €12,335 | €19,000 | €7,050 | €3,936 | ▼ 44.2% |
| Other amounts receivable41 | €2,839 | €1,482 | €15,617 | €1,474 | €1,060 | ▼ 28.1% |
| Cash at bank and in hand54/58 | €33,403 | €42,022 | €43,339 | €43,730 | €5,909 | ▼ 86.5% |
| Deferred charges and accrued income490/1 | €757 | €2,998 | €1,931 | €2,003 | €1,692 | ▼ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,316 | €85,833 | €107,890 | €92,170 | €39,849 | ▼ 56.8% |
| Equity10/15 | €36,035 | €6,048 | €41,869 | €46,513 | €18,309 | ▼ 60.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €31,035 | €1,048 | €36,869 | €41,513 | €13,309 | ▼ 67.9% |
| Amounts payable17/49 | €16,281 | €79,785 | €66,021 | €45,657 | €21,540 | ▼ 52.8% |
| Amounts payable after more than one year17 | - | €22,678 | €15,591 | €8,436 | €1,211 | ▼ 85.6% |
| Financial debts170/4 | - | €22,678 | €15,591 | €8,436 | €1,211 | ▼ 85.6% |
| Amounts payable within one year42/48 | €16,234 | €57,107 | €50,430 | €35,815 | €20,329 | ▼ 43.2% |
| Current portion of amounts payable after more than one year42 | - | €7,019 | €7,087 | €7,156 | €7,225 | ▲ 1.0% |
| Trade debts44 | €4,218 | €10,340 | €11,615 | €6,730 | €5,122 | ▼ 23.9% |
| Suppliers440/4 | €4,218 | €10,340 | €11,615 | €6,730 | €5,122 | ▼ 23.9% |
| Taxes, remuneration and social security45 | €11,930 | €39,422 | €31,020 | €21,200 | €7,874 | ▼ 62.9% |
| Taxes450/3 | €11,930 | €39,422 | €31,020 | €21,200 | €7,874 | ▼ 62.9% |
| Other amounts payable47/48 | €86 | €327 | €708 | €730 | €107 | ▼ 85.3% |
| Accrued charges and deferred income492/3 | €48 | - | - | €1,406 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,094 | €46,012 | €36,654 | €5,504 | -€28,204 | ▼ 612% |
| + Depreciation and write-downs630 | €2,777 | €11,764 | €15,544 | €18,091 | €6,660 | ▼ 63.2% |
| Operating cash flow (approximation) | €25,871 | €57,776 | €52,198 | €23,595 | -€21,544 | ▼ 191% |
| Investment in fixed assets (approximation) | - | -€31,241 | -€16,791 | -€241 | -€126 | ▲ 47.7% |
| Change in cash | - | €8,619 | €1,318 | €391 | -€37,821 | ▼ 9,778% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€28,204
Net result drops to -€28,204, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €46,012 ▲99.2%
Operating result €61,195, net result €46,012, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Esneux · 1 establishment unit since 2020
Ground area
176 m²
Building footprint
143 m²
Volume, LiDAR
692 m³
Parcel 62101A0488/00G007, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NEWCOM GROUP
since 20202.303.708.824
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62101A0488/00G007 | Wallonia | 176 m² | 1 · 143 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,420 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
Founded11-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748484365
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.