NAPHE

Active

Private limited companyfounded 2007active for 18 yearsRoute de Parfondvaux 51, 4671 Blégny, BelgiumKBO/BCE: BE 0893.862.423

Summary

The computed 12-month bankruptcy probability of NAPHE is 2.0% (moderate). The 2024 annual accounts show equity of €379,341 and a net result of €3,590. Equity remains stable across the filed financial years (±0.4% per year). Its solvency ranks better than 68% of 4,796 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.

Risk analysisFollow Report Compare

NAPHEActiveChecked score 55/100

Risk analysis Report Compare

Activity

Renting and operating of own or leased non-residential real estate, excluding land

NACE 68203

10th largest company by equity in Blegny, Real estate sector1 site

Size

≈ €98,000turnover 2024, estimated

Equity: €379,341
Profit: €3,590

Turnover estimated from the gross margin

Financial health

55 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 2.0%

Structure

Parent: SIMCO · 100%
Holdings: 2

SIMCODirector · permanent representative DROEVEN Christophe Louis Hubert Ghislain

2025 accounts not filed, 89 days past the deadline3 of 10 deeds summarised

Why 55raises riskFigures for financial year 2024 (filed 31-07-2025)1 change of registered office in 24 monthsLiquidity: current ratio 4.54, cash €4,040lowers riskSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2024

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 57% of its sector peers (NACE 68, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Strong

Solvency 78+4

equity 53.4% of total assets

Liquidity 51=

short-term debt 6.3% · cash 0.6%

Profitability 69=

return on assets 0.5%

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,617 companies, NACE 68, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.3%▲ +0.2 percentage points vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026 09-2026: 1.0%▲ +0.2 percentage points vs 08-2026 10-2026: 2.0%▲ +1.0 percentage point vs 09-2026highest value

Credit of up to €20,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity ample (current ratio 4.54, compared with 2.54 in 2023, above the usual 1.5; short-term debt: 6.3% and cash: 0.6% of total assets), and 46.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 67% on solvency, 55% on liquidity, 57% on profitability and 49% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Figures for financial year 2024 (filed 31-07-2025)

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Liquidity: current ratio 4.54, cash €4,040

NBB · annual accounts

Sector: Real estate activities (NACE 68)

KBO

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline28-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

1 day early

2023

30 days late

2023

on the day

2022

3 days late

2021

99 days late

2020

11 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 20 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-12-2025 Registered officeRegistered-office move
30-07-2025 Annual accounts filedfinancial year 2024 · full…
31-12-2024 Back to profitnet €3,590

Key points

Caution: 2025 accounts not fileddeadline was 31-07-2026 89 days past the deadline View
Positive: 10th largest company by equity in Blegny, Real estate sectorin the Checked rankings No. 10 View
Controlled by SIMCO 100% View

By topic

Financials

Financial year: 2024
Total assets: €710,547
Profit: €3,590
Solvency: 53.4%

Total assets▼ 7.1%

Net result

20192024

Go to Financials

Board & ownership

Board: 1 member
Parent: SIMCO · 100%

SIMCODirector

Go to Board & ownership

Network & group

Holdings: 2
Connected companies: 1
Mergers and asset contributions: 2

2 holdings

Go to Network & group

Timeline

Events: 24
Since: 2009

30-08-2024Annual accounts filed
31-12-2023Weakest financial year
31-10-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Renting and operating of own or leased non-residential…NACE 68203
Founded: 30-11-2007
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 45

Who signs: Each director alone
Annual meeting: Third Friday of June at 17:00
Purpose: “La promotion, la location, l'achat, la vente, l'échange, l'exploitation, la gestion, la…” (deed in French)

Go to Articles of association

Key facts about NAPHE

What is the company number of NAPHE?: 0893.862.423. In Belgium the VAT number is the company number with BE in front: BE 0893.862.423.
Where is NAPHE based?: The registered office is at Route de Parfondvaux 51, 4671 Blégny.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?: Private limited company (BV).
When was NAPHE 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?: On average 5.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of NAPHE?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
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 18 annual accounts with the National Bank of Belgium, the latest for financial year 2024.