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Neyt Machinery

Active
Private limited companyfounded 2025active for 1 yearStoepestraat 7, 9960 Assenede, Belgium10 active companies are registered at this addressKBO/BCE: BE 1020.778.708
Summary

The computed 12-month bankruptcy probability of Neyt Machinery is 2.3% (moderate). The 2026 annual accounts show equity of €22,995 and a net result of €12,995. Its solvency ranks better than 10% of 62 sector peers (NACE 33, financial year 2026). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2026, abbreviated format

Equity
€22,995
Total assets
€495,924
Net result
€12,995
Working capital
€78,607

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €495,924
Fixed assets €21,252
Current assets €474,672
Equity and liabilities €495,924
Equity €22,995
Debt €472,929
Debt finances 95.4% of the balance-sheet total.
Key figures and ratios
2026 value
EBITDA
€31,009
Cash flow
€18,242
Current ratio
1.20
Quick ratio
0.45
Debt to equity
20.57
ROE
56.5%
ROA
2.6%
Interest coverage
3.92
Debt ≤ 1 year
€396,065
Debt > 1 year
€76,864
Income taxes
€4,851
Staff costs
€42,181

Peer companies

Historical observation

Of the 514 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96.9% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.8% went bankrupt
1.2% stopped otherwise
96.9% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% 0.9%
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 514 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 · 2026 · 43 lines
Balance sheet Code2026
Assets
Total assets20/58€495,924
Formation expenses20€0
Fixed assets21/28€21,252
Intangible fixed assets21€8,247
Tangible fixed assets22/27€6,312
Furniture and vehicles24€6,312
Financial fixed assets28€6,694
Current assets29/58€474,672
Stocks and contracts in progress3€295,274
Stocks30/36€295,274
Amounts receivable within one year40/41€160,983
Trade receivables40€160,983
Cash at bank and in hand54/58€18,414
Equity and liabilities
Total equity and liabilities10/49€495,924
Equity10/15€22,995
Contributions10/11€10,000
Reserves13€12,995
Distributable reserves133€12,995
Amounts payable17/49€472,929
Amounts payable after more than one year17€76,864
Financial debts170/4€76,864
Amounts payable within one year42/48€396,065
Current portion of amounts payable after more than one year42€122,058
Trade debts44€164,515
Suppliers440/4€164,515
Taxes, remuneration and social security45€30,918
Taxes450/3€27,976
Remuneration and social security454/9€2,942
Other amounts payable47/48€78,574
Income statement Code2026
Remuneration, social security and pensions62€42,181
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,247
Gross operating margin9900€73,189
Operating profit (loss)9901€25,762
Financial charges65/66B€7,915
Recurring financial charges65€7,915
Profit (loss) for the period before taxes9903€17,847
Income taxes67/77€4,851
Profit (loss) for the period9904€12,995
Profit (loss) for the period to be appropriated9905€12,995
Appropriation of the result
Profit (loss) to be appropriated9906€12,995
Transfer to equity691/2€12,995
To other reserves6921€12,995
Social balance sheet
Average headcount (FTE)90871.0

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2026
Remuneration, social security and pensions62€42,181
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,247
Gross operating margin9900€73,189
Operating profit (loss)9901€25,762
Financial charges65/66B€7,915
Recurring financial charges65€7,915
Profit (loss) for the period before taxes9903€17,847
Income taxes67/77€4,851
Profit (loss) for the period9904€12,995
Profit (loss) for the period to be appropriated9905€12,995
Line2026
Assets
Total assets20/58€495,924
Formation expenses20€0
Fixed assets21/28€21,252
Intangible fixed assets21€8,247
Tangible fixed assets22/27€6,312
Furniture and vehicles24€6,312
Financial fixed assets28€6,694
Current assets29/58€474,672
Stocks and contracts in progress3€295,274
Stocks30/36€295,274
Amounts receivable within one year40/41€160,983
Trade receivables40€160,983
Cash at bank and in hand54/58€18,414
Equity and liabilities
Total equity and liabilities10/49€495,924
Equity10/15€22,995
Contributions10/11€10,000
Reserves13€12,995
Distributable reserves133€12,995
Amounts payable17/49€472,929
Amounts payable after more than one year17€76,864
Financial debts170/4€76,864
Amounts payable within one year42/48€396,065
Current portion of amounts payable after more than one year42€122,058
Trade debts44€164,515
Suppliers440/4€164,515
Taxes, remuneration and social security45€30,918
Taxes450/3€27,976
Remuneration and social security454/9€2,942
Other amounts payable47/48€78,574
Line2026
Profit (loss) for the period9904€12,995
+ Depreciation and write-downs630€5,247
Operating cash flow (approximation)€18,242

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 (1)
Financial year Type Filed Reference
31-03-2026 abbreviated format 13-10-2026 2026-00555299

Similar companies · same sector, comparable size

Of the 3,709 active companies whose main activity is repair and maintenance of machinery (NACE 33120), figures are known for 1,405. 954 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

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