THE NEON COMPANY is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €919k and a net result of €-351k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 7994 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7994 sector peers (2025).
NBB · sector comparisonPosition among 7994 sector peers
Solvency
better than 21%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
21 d early
2023
14 d early
2022
33 d early
2021
34 d early
2020
67 d late
2019
17 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€919k▼ 27.6%
2024 · €1.27M
2019: €1.67M
2022: €786k
2023: €991k
2024: €1.27M
2019 → 2025
Net result
€-351k
2024 · €279k
2019: €11k
2022: €-179k
2023: €205k
2024: €279k
2019 → 2025
Total assets
€5.57M▲ 11.4%
2024 · €5.00M
2019: €3.84M
2022: €4.03M
2023: €4.78M
2024: €5.00M
2019 → 2025
Solvency
16.5%▼ 8.9pp
2024 · 25.4%
2019: 43.4%
2022: 19.5%
2023: 20.7%
2024: 25.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192022202320242025Trend
Turnover€40k-
Equity€1.67M-€786k▼ 52.9%€991k▲ 26.1%€1.27M▲ 28.2%€919k▼ 27.6%
Operating result€31k-€-121k€317k€415k▲ 30.8%€-69k
Net result€11k-€-179k€205k€279k▲ 36.1%€-351k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €69k after €415k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.57M
Fixed assets
€2.04M▲ 1.7%
Current assets
€3.53M▲ 18.0%
Equity and liabilities €5.57M
Equity
€919k▼ 27.6%
Debt
€4.65M▲ 24.7%
The debt ratio rises from 74.6% to 83.5%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
16.5%▼
2024 · 25.4%
ROE
-38.1%▼
2024 · 22.0%
ROA
-6.3%▼
2024 · 5.6%
Debt
€4.65M▲
2024 · €3.73M
Debt ≤ 1 year
€4.53M▲
2024 · €3.33M
Debt > 1 year
€97k▼
2024 · €134k
Income taxes
€912▲
2024 · €220
Staff costs
€1.24M▼
2024 · €1.40M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.00M€5.57M▲
Fixed assets21/28€2.01M€2.04M▲
Intangible fixed assets21€51k€33k▼
Tangible fixed assets22/27€1.94M€2.00M▲
Land and buildings22€1.69M€1.62M▼
Plant, machinery and equipment23€226k€324k▲
Furniture and vehicles24€23k€22k▼
Other tangible fixed assets26-€30k
Financial fixed assets28€13k€10k▼
Current assets29/58€2.99M€3.53M▲
Stocks and contracts in progress3€1.09M€731k▼
Stocks30/36€1.09M€731k▼
Amounts receivable within one year40/41€1.32M€1.88M▲
Trade receivables40€1.29M€1.85M▲
Other amounts receivable41€29k€31k▲
Cash at bank and in hand54/58€571k€827k▲
Deferred charges and accrued income490/1€11k€87k▲
Equity and liabilities
Total equity and liabilities10/49€5.00M€5.57M▲
Equity10/15€1.27M€919k▼
Contributions10/11€19k€19k=
Reserves13€1.25M€1.25M=
Distributable reserves133€1.25M€1.25M=
Profit (loss) carried forward14-€-351k
Amounts payable17/49€3.73M€4.65M▲
Amounts payable after more than one year17€134k€97k▼
Financial debts170/4€134k€97k▼
Amounts payable within one year42/48€3.33M€4.53M▲
Current portion of amounts payable after more than one year42€35k€32k▼
Financial debts43€1.52M€1.99M▲
Credit institutions430/8€1.52M€1.29M▼
Other loans439-€700k
Trade debts44€746k€1.34M▲
Suppliers440/4€738k€866k▲
Bills of exchange payable441€8k€479k▲
Taxes, remuneration and social security45€118k€161k▲
Taxes450/3€2k€33k▲
Remuneration and social security454/9€116k€128k▲
Other amounts payable47/48€906k€1.00M▲
Accrued charges and deferred income492/3€265k€24k▼
Income statement
Code20242025
Non-recurring operating income76A€189€40k▲
Remuneration, social security and pensions62€1.40M€1.24M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€154k▲
Other operating charges640/8€175k€100k▼
Non-recurring operating charges66A€13k€0▼
Gross operating margin9900€2.15M€1.43M▼
Operating profit (loss)9901€415k€-69k▼
Financial income75/76B€1k€227▼
Recurring financial income75€1k€227▼
Financial charges65/66B€137k€281k▲
Recurring financial charges65€137k€96k▼
Non-recurring financial charges66B-€185k
Profit (loss) for the period before taxes9903€279k€-350k▼
Income taxes67/77€220€912▲
Profit (loss) for the period9904€279k€-351k▼
Profit (loss) for the period to be appropriated9905€279k€-351k▼
Appropriation of the result
Profit (loss) to be appropriated9906€279k€-351k▼
Transfer to equity691/2€279k€0▼
To other reserves6921€279k€0▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-351k ▼226%
Net result drops to €-351k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €279k ▲36.1%
Operating result €415k, net result €279k, both a record.
31-12
Financial
Equity above €1MEq €1.27M ▲28.2%
2 profitable years in a row build equity to €1.27M.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €205k
Net result €205k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 67 days late
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 60 days late
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
12-09-2023
UPM MODENA S.P.A: Resigned as Manager
27-10-2015
Vittorio GIANNECCHINI: Resigned as Managing director
Location & real-estate footprint
Registered office, Tubize · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Landas 11480 TubizeGround area
7,293 m²
Building footprint
2,561 m²
Volume, LiDAR
17,627 m³
Parcel 25097C0569/00S000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Landas 1, 1480 Tubize
since 20062.254.466.377
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097C0569/00S000 | Wallonia | 7,293 m² | 1 · 2,561 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,754. 12,876 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2006
Fiscal year end31-12
Legal name FR
UPM BRUXELLES
Abbreviation FR
TNC
Activities, NACEBEL
27402Manufacture of electrical equipment
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.