Next
ActiveSummary
The computed 12-month bankruptcy probability of Next is 3.2% (moderate). The 2025 annual accounts show negative equity (-€13,800) and a net result of -€6,133. Its solvency ranks better than 6% of 13,576 sector peers (NACE 46, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €6,065 in 2025 against €12,595 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,638 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €629 | €837 | ▲ 33.0% |
| Gross operating margin9900 | -€11,966 | -€5,228 | ▲ 56.3% |
| Operating profit (loss)9901 | -€12,595 | -€6,065 | ▲ 51.8% |
| Financial income75/76B | €15 | €7 | ▼ 50.9% |
| Recurring financial income75 | €15 | €7 | ▼ 50.9% |
| Financial charges65/66B | €88 | €75 | ▼ 13.8% |
| Recurring financial charges65 | €88 | €75 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | -€12,667 | -€6,133 | ▲ 51.6% |
| Profit (loss) for the period9904 | -€12,667 | -€6,133 | ▲ 51.6% |
| Profit (loss) for the period to be appropriated9905 | -€12,667 | -€6,133 | ▲ 51.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3,739 | €6,801 | ▲ 81.9% |
| Fixed assets21/28 | €2,926 | €2,719 | ▼ 7.1% |
| Intangible fixed assets21 | €2,926 | €2,719 | ▼ 7.1% |
| Current assets29/58 | €813 | €4,083 | ▲ 402% |
| Stocks and contracts in progress3 | - | €3,878 | - |
| Stocks30/36 | - | €3,878 | - |
| Amounts receivable within one year40/41 | €498 | €156 | ▼ 68.6% |
| Other amounts receivable41 | €498 | €156 | ▼ 68.6% |
| Cash at bank and in hand54/58 | €315 | €48 | ▼ 84.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3,739 | €6,801 | ▲ 81.9% |
| Equity10/15 | -€7,667 | -€13,800 | ▼ 80.0% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€12,667 | -€18,800 | ▼ 48.4% |
| Amounts payable17/49 | €11,406 | €20,602 | ▲ 80.6% |
| Amounts payable after more than one year17 | €8,497 | €18,712 | ▲ 120% |
| Financial debts170/4 | €8,497 | €18,712 | ▲ 120% |
| Amounts payable within one year42/48 | €2,910 | €1,890 | ▼ 35.0% |
| Trade debts44 | €1,174 | €236 | ▼ 79.9% |
| Suppliers440/4 | €1,174 | €236 | ▼ 79.9% |
| Taxes, remuneration and social security45 | €82 | - | - |
| Taxes450/3 | €82 | - | - |
| Other amounts payable47/48 | €1,654 | €1,654 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€12,667 | -€6,133 | ▲ 51.6% |
| + Depreciation and write-downs630 | €629 | €837 | ▲ 33.0% |
| Operating cash flow (approximation) | -€12,038 | -€5,296 | ▲ 56.0% |
| Investment in fixed assets (approximation) | - | -€630 | - |
| Change in cash | - | -€267 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-07-2026 | 2026-00303954 |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00273196 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.