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Private limited companyfounded 2023active for 3 yearsPuttestraat 111, 3130 Begijnendijk, BelgiumKBO/BCE: BE 0803.386.662
Summary

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

Equity
-€13,800▼ 80.0%
2024 · -€7,667
Total assets
€6,801▲ 81.9%
2024 · €3,739
Net result
-€6,133▲ 51.6%
2024 · -€12,667
Working capital
€2,192
2024 · -€2,096
Trend over the years

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.

Operating result-€6,065 2025 Net result-€6,133 2025

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.

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€12,595--€6,065▲ 51.8%
Net result-€12,667below the sector's middle half--€6,133below the sector's middle half▲ 51.6%
Equity-€7,667below the sector's middle half--€13,800below the sector's middle half▼ 80.0%
Total assets€3,739below the sector's middle half-€6,801below the sector's middle half▲ 81.9%
Debt€11,406-€20,602▲ 80.6%
Working capital-€2,096within the sector's middle half-€2,192within the sector's middle half
Solvency-202.9%below the sector's middle half
Current ratio2.16within the sector's middle half
Return on assets (ROA)-90.2%below the sector's middle half
above within below 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,801
Fixed assets €2,719 ▼ 7.1%
Current assets €4,083 ▲ 402%
Equity and liabilities
Equity-€13,800
Debt€20,602
Equity is negative: debt (€20,602) exceeds the balance-sheet total (€6,801).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€5,228▲
2024 · -€11,966
Cash flow
-€5,296▲
2024 · -€12,038
Quick ratio
0.11
Interest coverage
-69.34▲
2024 · -136.72
Debt ≤ 1 year
€1,890▼
2024 · €2,910
Debt > 1 year
€18,712▲
2024 · €8,497
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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
8.9% went bankrupt
5.6% stopped otherwise
84.9% still going

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%.

The companies in ten equal groups, from lowest to highest expected share.
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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€3,739€6,801▲
Fixed assets21/28€2,926€2,719▼
Intangible fixed assets21€2,926€2,719▼
Current assets29/58€813€4,083▲
Stocks and contracts in progress3-€3,878
Stocks30/36-€3,878
Amounts receivable within one year40/41€498€156▼
Other amounts receivable41€498€156▼
Cash at bank and in hand54/58€315€48▼
Equity and liabilities
Total equity and liabilities10/49€3,739€6,801▲
Equity10/15-€7,667-€13,800▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€12,667-€18,800▼
Amounts payable17/49€11,406€20,602▲
Amounts payable after more than one year17€8,497€18,712▲
Financial debts170/4€8,497€18,712▲
Amounts payable within one year42/48€2,910€1,890▼
Trade debts44€1,174€236▼
Suppliers440/4€1,174€236▼
Taxes, remuneration and social security45€82-
Taxes450/3€82-
Other amounts payable47/48€1,654€1,654=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€629€837▲
Gross operating margin9900-€11,966-€5,228▲
Operating profit (loss)9901-€12,595-€6,065▲
Financial income75/76B€15€7▼
Recurring financial income75€15€7▼
Financial charges65/66B€88€75▼
Recurring financial charges65€88€75▼
Profit (loss) for the period before taxes9903-€12,667-€6,133▲
Profit (loss) for the period9904-€12,667-€6,133▲
Profit (loss) for the period to be appropriated9905-€12,667-€6,133▲
Appropriation of the result
Profit (loss) to be appropriated9906-€12,667-€18,800▼
Profit (loss) brought forward from the previous period14P--€12,667

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
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%
Line20242025Change
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=
Line20242025Change
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.

Download as CSV

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

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 6,002 active companies whose main activity is agents in non-specialised wholesale trade (NACE 46190), figures are known for 2,556. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.