Equity
-€11.4m
Debts exceed assets in financial year 2025.
NYRSTAR
Lifetime
19 annual accounts with figures on one time axispeak €57.0m (2008)
-not published
lowest -€1.33bn (2018)
-€3.0m▲ €1.5m
peak €2.44bn (2014)
-€11.4m▼ €3.0m
€11.6m▲ 4.8%
peak 32.8 FTE (2009)
-not published
Board9 names since 2019
4 directorsJane Moriarty and 3 others
Documentsfilings and deeds
20-07-202611 days before the deadline
2025financial year
Loss of €3.0mRegistered office moved from Balen to Turnhout 17-09Equity from -€8.4m to -€11.4mCash from €1.5m to €858,303
Key points
from the 2025 annual accountsLosses
-€2.82bn in eleven years
Every financial year from 2015 to 2025 closed with a loss. 2018 was the heaviest.
Debts
€11.6m 109% of the balance sheet
Financial debts 94%Suppliers 5%Taxes and wages 0%Other 1%
Of this, €11.4m falls due within a year.
Payment terms
48 days to suppliers
NYRSTAR pays its suppliers 23 days later than in 2024.
Filings
19 annual accounts 31 filings since 2007
The 2018 accounts came 104 days late. The other nine of the last ten were filed on time.
Position in the sector
-107.2%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 53.3% · 3,873 companies.
Checked score
52
Fair
Financially stronger than 3% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 802 companies (NACE 70, medium-sized).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.1%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.6%▲ +0.4 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.6%▼ -0.1 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€11.4m
Loss of €3.0m, the second in a row (financial year 2025)
1 change of registered office in 24 months
lowers risk
Size: total assets €10.6m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, medium-sized). It does better than 0% of them on solvency, 6% on liquidity, 1% on profitability and 5% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 252 companies had the same profile as NYRSTAR has now. Each dot is one company, two years later.
85.3%
were still trading
6.7%
stopped another way
7.1%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NYRSTAR itself is lower: 0.6% within 12 months. It rests on far more data about NYRSTAR than the profile alone.
Test of the method
The method was tested on the 497,447 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 252 companies, not a prediction for NYRSTAR. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.93 (1.23 in 2024), below 1. Short-term debt is 107.7% and cash 8.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€11.4m
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 20-07-2026, 11 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
11 days early
2024
8 days early
2023
13 days early
2022
3 days early
2021
5 days early
2020
4 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: Martyn Konig (director)
Board meeting of 27-08-2026 · Gazette deed
1 statutory auditor appointed, 1 director appointed
RSM Interaudit BV (statutory auditor) and Tushia BV (independent non-executive director) · Permanent representative: Dirk Tirez · Director discharge: Bestuurders · General meeting of 30-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0888728945
Registered office moved from Balen to Turnhout
New registered office: Harmoniestraat 52, gebouw B, bus 29, 2300 Turnhout, België · Previous registered office: Zinkstraat 1, B-2490 Balen, België · Board meeting of 01-08-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NYRSTAR Turnhout | - | - | -107.2% | - |
| LITTLE ABBEY Brasschaat | - | - | -5.6% | - |
| CORDIA HOLDING Kontich | €0.6m | 45.7% | 98.5% | 2.8 |
| SOD.DEL Kontich | €2.3m | 24.8% | 62.1% | 3.3 |
| CELINE Mechelen | €1.0m | 54.9% | 2.4% | - |
| SDM-Valorum Corporate Finance Group Antwerp | - | - | 48.1% | - |
| TOBA Zoersel | - | - | 63.4% | 0 |
These companies have the same main activity as NYRSTAR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €9.9m and €11m, founded between 2006 and 2007.
Official details
Source: KBO- Status
- Active since 13-04-2007Normal situation
- Registered office
- 36 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Joint committee
- 224White-collar workers in non-ferrous metals · annual accounts 2025
- Establishment unit
- 2.164.912.9102300 Turnhout, since 01-07-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 03-02-2026
Annual accounts 2025
- €10.6m▼ 20.4%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on NYRSTAR
NYRSTAR has existed since 2007. Turnover fell from €15.2m in 2018 to €3.4m in 2019.
Solvency fell in 2025 from -63.2% to -107.2% because of the loss and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NYRSTAR
- What is the company number of NYRSTAR?
- The company number of NYRSTAR is 0888.728.945. The VAT number is the same number with BE in front: BE 0888.728.945.
- Where is NYRSTAR based?
- The registered office is at Harmoniestraat 52B, 2300 Turnhout.Company details
- What does NYRSTAR do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of NYRSTAR?
- NYRSTAR is a public limited company (NV).
- When was NYRSTAR founded?
- NYRSTAR was founded on 13-04-2007.
- Is NYRSTAR still active?
- Yes, NYRSTAR is an active enterprise in the KBO register.
- How many employees does NYRSTAR have?
- NYRSTAR had an average of 9 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- Which joint committee does NYRSTAR fall under?
- In its 2025 annual accounts, NYRSTAR states joint committee 224 (White-collar workers in non-ferrous metals).
- What is the turnover of NYRSTAR?
- The annual accounts for financial year 2025 state no turnover. In financial year 2019 turnover was €3.4m.
- Is NYRSTAR profitable?
- In financial year 2025, NYRSTAR made a loss of €3.0m.
- Where can I find the annual accounts of NYRSTAR?
- NYRSTAR filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NYRSTAR due?
- NYRSTAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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