ND 88

Active

Private limited companyfounded 2018active for 8 yearsAvenue Albert 1er 97, 5000 Namur, Belgium44 active companies are registered at this addressKBO/BCE: BE 0711.922.392

Summary

The computed 12-month bankruptcy probability of ND 88 is 2.8% (moderate). The 2025 annual accounts show negative equity (-€469,744) and a net result of €1,752, of which €14,409 non-recurring income. Equity is shrinking by about 16% per year across the filed financial years. Its solvency ranks better than 5% of 5,007 sector peers (NACE 47, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

ND 88ActiveChecked score 49/100

Risk analysis Report Compare

Activity

Retail sale of newspapers and periodicals

NACE 47621

5 sites

Size

€10.2mturnover 2025

Staff: 20.1 FTE
Equity: -€469,744
Profit: €1,752

Financial health

49 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.8%

Structure

Parent: J.V.P. · 100%
Board: 5 members

Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES2025 accounts 3 days early2 of 3 deeds summarised

Why 49raises riskNegative equity -€469,744Size: turnover €10.2m, 20.1 FTE, total assets €680,4045 establishment unitsSector: Retail trade (NACE 47)Show the evidence

Checked score

Score 2025

49 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 19% of its sector peers (NACE 47, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -69.0% of total assets

Liquidity 14-4

short-term debt 169.0% · cash 11.3%

Profitability 38+28

return on assets 0.3%

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,693 companies, NACE 47, small)

Last 24 months 11-2024: 3.3% 12-2024: 3.3%● unchanged vs 11-2024 01-2025: 3.5%▲ +0.2 percentage points vs 12-2024 02-2025: 3.5%● unchanged vs 01-2025 03-2025: 3.3%▼ -0.2 percentage points vs 02-2025 04-2025: 3.3%● unchanged vs 03-2025 05-2025: 3.3%● unchanged vs 04-2025 06-2025: 3.2%▼ -0.1 percentage points vs 05-2025 07-2025: 3.2%● unchanged vs 06-2025 08-2025: 4.1%▲ +0.9 percentage points vs 07-2025 09-2025: 5.1%▲ +1.0 percentage point vs 08-2025highest value 10-2025: 5.1%● unchanged vs 09-2025highest value 11-2025: 5.1%● unchanged vs 10-2025highest value 12-2025: 5.1%● unchanged vs 11-2025highest value 01-2026: 5.1%● unchanged vs 12-2025highest value 02-2026: 5.1%● unchanged vs 01-2026highest value 03-2026: 4.9%▼ -0.2 percentage points vs 02-2026 04-2026: 5.0%▲ +0.1 percentage points vs 03-2026 05-2026: 5.1%▲ +0.1 percentage points vs 04-2026 06-2026: 5.0%▼ -0.1 percentage points vs 05-2026 07-2026: 5.1%▲ +0.1 percentage points vs 06-2026 08-2026: 2.8%▼ -2.3 percentage points vs 07-2026lowest value 09-2026: 2.8%● unchanged vs 08-2026lowest value 10-2026: 2.8%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.59, compared with 0.53 in 2024, below 1; short-term debt: 169% and cash: 11.3% of total assets), and equity is negative.

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 47, small): better than 2% on solvency, 12% on liquidity, 22% on profitability and 38% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

raises riskneutral

Negative equity -€469,744

NBB · annual accounts

Size: turnover €10.2m, 20.1 FTE, total assets €680,404

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

5 establishment units

KBO · seat and establishments

Sector: Retail trade (NACE 47)

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 5007 sector peers (2025).

NBB · sector comparison

Position among 5007 sector peers

Solvency

better than 5%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

3 days early

2024

26 days late

2023

1 day late

2022

31 days late

2021

30 days late

2020

61 days late

2019

56 days late

← before the deadline after the deadline →

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

This company filed its last 7 accounts on average 29 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

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 26 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-07-2026 Annual accounts filedfinancial year 2025 · full…
15-06-2026 Legal-form change · Resignations & appointmentsResignation: FERME DE LA TOUR…
31-12-2025 Back to profitnet €1,752

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€469,744 View
Caution: Among the weakest 5% on solvencysector median 36.1% · 5,007 companies -69.0% View
Positive: Back in profit in 2025after -€59,573 in 2024 €1,752 View
Controlled by J.V.P. 100% View
Board changedlatest change 15-06-2026 · 5 in office 1 joined · 1 left View

By topic

Financials

Financial year: 2025
Turnover: €10.2m
Profit: €1,752
Solvency: -69.0%

Go to Financials

Board & ownership

Board: 5 members
Parent: J.V.P. · 100%
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

GDELHAYEDirector
DATAMDirector
ELICAMDirector
J-CFDirector
VDARDENNEDirector

Go to Board & ownership

Network & group

Connected companies: 32

Go to Network & group

Timeline

Events: 11
Since: 2020
Next accounts: by 31-07-2027

24-10-2025Appointment: BDO Bedrijfsrevisoren-BDO Reviseurs d'entreprises (statutory auditor)
26-08-2025Annual accounts filed
01-08-2024Annual accounts filed

Go to Timeline

Company details

Sites: 5

Legal form: Private limited company
Activity: Retail sale of newspapers and periodicalsNACE 47621
Founded: 22-10-2018
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 26

See the provisions in the deeds

Go to Articles of association

Key facts about ND 88

What is the company number of ND 88?: 0711.922.392. In Belgium the VAT number is the company number with BE in front: BE 0711.922.392.
Where is ND 88 based?: The registered office is at Avenue Albert 1er 97, 5000 Namur.Company details
What does ND 88 do?: According to the KBO register, the main activity is retail sale of newspapers and periodicals (NACE 47621).
What is the legal form of ND 88?: Private limited company (BV).
When was ND 88 founded?: On 22-10-2018.
Is ND 88 still active?: Yes, ND 88 is an active enterprise in the KBO register.
How many employees does ND 88 have?: On average 20.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ND 88?: €10.2m in financial year 2025, according to the filed annual accounts.
Is ND 88 profitable?: In financial year 2025, ND 88 made a profit of €1,752.
Where can I find the annual accounts of ND 88?: ND 88 filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ND 88 due?: By 31-07-2027, for financial year 2026.Timeline