Nyffels
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 8% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €2,216 | €6,672 | €86,630 |
| Financial fixed assets | - | - | €147 |
| Depreciation and write-downs of the year | €396 | €1,629 | €4,602 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €396 | €1,629 | €4,602 | ▲ 183% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €677 | - |
| Other operating charges640/8 | €604 | €803 | €1,338 | ▲ 66.7% |
| Gross operating margin9900 | €19,386 | €25,490 | €27,925 | ▲ 9.6% |
| Operating profit (loss)9901 | €18,387 | €23,059 | €21,307 | ▼ 7.6% |
| Financial income75/76B | €324 | €1,109 | €1,142 | ▲ 2.9% |
| Recurring financial income75 | €324 | €1,109 | €1,142 | ▲ 2.9% |
| Financial charges65/66B | €313 | €1,629 | €3,723 | ▲ 129% |
| Recurring financial charges65 | €313 | €1,629 | €3,723 | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €18,398 | €22,539 | €18,726 | ▼ 16.9% |
| Income taxes67/77 | €5,375 | €4,880 | €4,241 | ▼ 13.1% |
| Profit (loss) for the period9904 | €13,023 | €17,658 | €14,485 | ▼ 18.0% |
| Profit (loss) for the period to be appropriated9905 | €13,023 | €17,658 | €14,485 | ▼ 18.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €36,157 | €51,259 | €128,838 | ▲ 151% |
| Fixed assets21/28 | €1,820 | €6,864 | €89,038 | ▲ 13× |
| Tangible fixed assets22/27 | €1,820 | €6,864 | €88,892 | ▲ 13× |
| Plant, machinery and equipment23 | €1,820 | €6,864 | €4,707 | ▼ 31.4% |
| Other tangible fixed assets26 | - | - | €84,185 | - |
| Financial fixed assets28 | - | - | €147 | - |
| Current assets29/58 | €34,337 | €44,395 | €39,800 | ▼ 10.4% |
| Stocks and contracts in progress3 | - | €752 | €75 | ▼ 90.0% |
| Stocks30/36 | - | €752 | €75 | ▼ 90.0% |
| Amounts receivable within one year40/41 | €18,146 | €30,102 | €16,013 | ▼ 46.8% |
| Trade receivables40 | €9,403 | €11,314 | €16,013 | ▲ 41.5% |
| Other amounts receivable41 | €8,744 | €18,788 | - | - |
| Current investments50/53 | - | - | €7,481 | - |
| Cash at bank and in hand54/58 | €16,190 | €10,107 | €14,179 | ▲ 40.3% |
| Deferred charges and accrued income490/1 | - | €3,434 | €2,051 | ▼ 40.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €36,157 | €51,259 | €128,838 | ▲ 151% |
| Equity10/15 | €14,423 | €30,415 | €44,900 | ▲ 47.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €11,423 | €27,415 | €41,900 | ▲ 52.8% |
| Distributable reserves133 | €11,423 | €27,415 | €41,900 | ▲ 52.8% |
| Amounts payable17/49 | €21,734 | €20,843 | €83,938 | ▲ 303% |
| Amounts payable after more than one year17 | - | - | €32,941 | - |
| Financial debts170/4 | - | - | €32,941 | - |
| Amounts payable within one year42/48 | €21,734 | €20,840 | €50,997 | ▲ 145% |
| Current portion of amounts payable after more than one year42 | - | - | €1,859 | - |
| Trade debts44 | €1,142 | €6,248 | €12,699 | ▲ 103% |
| Suppliers440/4 | €1,142 | €6,248 | €12,699 | ▲ 103% |
| Taxes, remuneration and social security45 | €18,992 | €12,926 | €18,345 | ▲ 41.9% |
| Taxes450/3 | €16,592 | €12,926 | €12,716 | ▼ 1.6% |
| Remuneration and social security454/9 | €2,400 | - | €5,629 | - |
| Other amounts payable47/48 | €1,600 | €1,666 | €18,094 | ▲ 986% |
| Accrued charges and deferred income492/3 | - | €3 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,023 | €17,658 | €14,485 | ▼ 18.0% |
| + Depreciation and write-downs630 | €396 | €1,629 | €4,602 | ▲ 183% |
| Operating cash flow (approximation) | €13,419 | €19,287 | €19,086 | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | -€6,672 | -€86,777 | ▼ 1,201% |
| Change in cash | - | -€6,083 | €4,072 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Nyffels has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Nyffels itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Nyffels. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.