Equity
Equity fell by 43% in 5 years.
Equity fell by 43% in 5 years.
The result fell in 2026 from €134,685 to €65,087.
The accounts state no turnover.
In 2026, 1 person joined and nobody left.
The 2021 accounts came latest: 290 days after the end of the period.
The dashed line is the sector median: 0.1% across 1,282 companies (NACE 58, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 58, micro). It does better than 64% of them on solvency, 79% on liquidity, 66% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 34,693 companies had the same profile as TRIBU NEWS has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of TRIBU NEWS itself: 0.2% within 12 months.
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 34,693 companies, not a prediction for TRIBU NEWS. 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.
Liquidity is ample, with a current ratio of 1.57 (1.25 in 2025), above the usual 1.5. Short-term debt is 28.2% and cash 39% of total assets. 36% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TRIBU NEWS La Hulpe | €660,865 | €556,826 | 64.0% | 5 |
| SLANTED MEDIA Wavre | €299,180 | €149,702 | 38.2% | - |
| DE WERKTITEL Antwerp | €702,439 | €228,608 | 9.1% | - |
| UITGEVERIJ BAETé Puurs-Sint-Amands | €400,335 | €280,120 | 63.8% | 5.4 |
| HAC WEEKBLAD Hamont-Achel | €494,301 | €210,092 | 33.0% | - |
| AKTUEEL Haaltert | €471,048 | €172,035 | 64.0% | 2 |
| BLS MEDIA Hoogstraten | €196,348 | €127,475 | -7.9% | - |
These companies have the same main activity as TRIBU NEWS: publishing activities (NACE 58120). They are comparable in size and age: total assets between €196,000 and €702,000, founded between 2002 and 2018.
TRIBU NEWS files the abbreviated format. That format states no turnover. The gross margin rose from -€86,234 in 2018 to €556,826 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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