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NAPHE

Active Private limited companyfounded 2007active for 18 yearsRoute de Parfondvaux 51, 4671 BlegnyKBO/BCE: BE 0893.862.423 subsidiary of SIMCO#10 company by equity in Blegny, Real estate sector

Lifetime

18 annual accounts with figures on one time axis
peak €532,260 (2021)
€77,116previous year 9 months
lowest -€14,407 (2008)
€3,590previous year 9 months
peak €402,616 (31-03-2023)
€379,341▲ 1.0%
€331,206▼ 14.9%
peak 6.6 FTE (2021)
-not published
Board5 names since 2017
1 director
Owners
100%
Documentsfilings and deeds
30-07-20251 day before the deadline
2024financial year
Back to profit: €3,590

Key points

from the 2024 annual accounts

Turnover

≈ €100,000 estimated

The accounts state no turnover.

Liquidity

4.54 was 2.54 in 2023

Short-term debts fell from €78,332 to €44,856.

Filings

17 annual accounts 19 filings, 104 days past the deadline
AprilJune31 JulyOctober201020152020

2025 accounts not filed: deadline was 31-07-2026.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,047 companies had the same profile as NAPHE has now. Each dot stands for 16 companies, two years later.

95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the 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 2.9% 3.1%
10 5.6% 6.1%

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 6,047 companies, not a prediction for NAPHE. 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.

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Signals

Board and ownership

Director, , since 20-09-2019
  • 100%equity €522,254 (2025) · 30-06-2025 annual accounts of SIMCO

Shares in 2 companies, and

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0893862423
Registered-office move General meeting of 06-11-2025 · Gazette deed
Demerger: THG VERVIERS splits off to THG VERVIERS Company renamed from THG VERVIERS to NAPHE · Capital decrease of €31,884.85 to €68,115.15 · Capital from €100,000 to €68,115.15 · General meeting of 28-03-2023 · Gazette deed
Demerger proposal: THG VERVIERS SA splits off to THG VERVIERS SA General meeting of 05-12-2022 · Gazette deed
All 34 events

Comparable companies

same main activity, similar in size and age
Company
NAPHE Blegny €710,547 €77,116 53.4% -
IMMOBILIERE DU CHEMIN DU GRAND MAITRE Esneux €746,137 €76,682 15.9% 0
PATRIMOBEL Liège €695,997 €94,593 36.7% -
POINT MODE Aywaille €563,774 €76,197 29.7% -
VAN DEURSEN INVEST Knokke-Heist €681,329 €72,860 99.2% 0
Stafort Real Estate Beveren-Kruibeke-Zwijndrecht €632,539 €77,359 24.5% -
SO.IMMO Houthulst €639,449 €85,443 43.3% -

These companies have the same main activity as NAPHE: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €564,000 and €746,000, founded between 2006 and 2009.

Official details

Source: KBO
Status
Active since 30-11-2007Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 4 others
Establishment unit
2.171.595.7154802 Verviers, since 01-04-2008
Financial year end
31 December
Peppol
Reachable since 12-01-2026
Company details

Annual accounts 2024

€710,547▼ 7.1%
Filing
Filed on 30-07-2025
Financials

Insights on NAPHE

The 2024 annual accounts show equity of €379,341 and a net result of €3,590. Equity has been stable since 2019 (±0.2% per year).

Its solvency ranks better than 68% of 4,692 sector peers (NACE 68, financial year 2024). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.

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 NAPHE

What is the company number of NAPHE?
The company number of NAPHE is 0893.862.423. The VAT number is the same number with BE in front: BE 0893.862.423.
Where is NAPHE based?
The registered office is at Route de Parfondvaux 51, 4671 Blegny.Company details
What does NAPHE do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of NAPHE?
NAPHE is a private limited company (BV).
When was NAPHE founded?
NAPHE was founded on 30-11-2007.
Is NAPHE still active?
Yes, NAPHE is an active enterprise in the KBO register.
How many employees does NAPHE have?
NAPHE had an average of 5.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of NAPHE?
The turnover in financial year 2024 is ≈ €100,000. This figure is estimated from the gross margin of €77,116 and 45 comparable companies (NACE 682). It probably lies between €86,000 and €130,000.
Is NAPHE profitable?
In financial year 2024, NAPHE made a profit of €3,590.
Where can I find the annual accounts of NAPHE?
NAPHE filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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