NEWBEL
Judicial reorganisationThe file of NEWBEL contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records for NEWBEL the legal situation: special situation (code 091); this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €469k and a net result of €42k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 27676 sector peers (fiscal year 2025).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. An ongoing judicial reorganisation from the Belgian State Gazette caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+30
Solvency84▲+9
Growth52=
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 2.36 against 1.99 in 2024; short-term debt: 41.4% and cash: 0% of total assets), and 41.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-03-2026, 39 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
39 d late
2024
1 d early
2023
on the day
2022
71 d early
2021
60 d early
2020
47 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▲ 79.3%
2024 · €24k
2019: €83k
2020: €125k
2021: €50k
2022: €63k
2023: €46k
2024: €24k
2019 → 2025
Working capital
€450k▲ 8.6%
2024 · €415k
2019: €117k
2020: €240k
2021: €284k
2022: €348k
2023: €391k
2024: €415k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€294k-€357k▲ 21.6%€403k▲ 12.9%€426k▲ 5.9%€469k▲ 9.9%
Operating result€47k-€71k▲ 52.1%€187k▲ 164%€51k▼ 72.9%€36k▼ 29.2%
Net result€50k-€63k▲ 27.5%€46k▼ 27.6%€24k▼ 48.4%€42k▲ 79.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €800k
Fixed assets
€19k▲ 59.2%
Current assets
€781k▼ 6.2%
Equity and liabilities €800k
Equity
€469k▲ 9.9%
Debt
€331k▼ 20.8%
The debt ratio falls from 49.5% to 41.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▼
2024 · €56k
Cash flow
€53k▲
2024 · €29k
Solvency
58.6%▲
2024 · 50.5%
Current ratio
2.36▲
2024 · 1.99
Quick ratio
2.36▲
2024 · 1.99
Debt / equity
0.71▼
2024 · 0.98
ROE
9.0%▲
2024 · 5.5%
ROA
5.3%▲
2024 · 2.8%
Interest coverage
4.59▲
2024 · 1.45
Debt
€331k▼
2024 · €418k
Debt ≤ 1 year
€331k▼
2024 · €418k
Income taxes
€13k▲
2024 · €10k
Staff costs
€798k▲
2024 · €758k
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€844k€800k▼
Fixed assets21/28€12k€19k▲
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€5k€12k▲
Furniture and vehicles24€3k€11k▲
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€2k€2k=
Current assets29/58€833k€781k▼
Amounts receivable within one year40/41€811k€775k▼
Trade receivables40€375k€212k▼
Other amounts receivable41€436k€562k▲
Cash at bank and in hand54/58€13k€69▼
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€844k€800k▼
Equity10/15€426k€469k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€406k€448k▲
Amounts payable17/49€418k€331k▼
Amounts payable within one year42/48€418k€331k▼
Financial debts43€50k€29k▼
Credit institutions430/8€50k€29k▼
Trade debts44€72k€17k▼
Suppliers440/4€72k€17k▼
Taxes, remuneration and social security45€296k€285k▼
Taxes450/3€39k€43k▲
Remuneration and social security454/9€257k€242k▼
Income statement
Code20242025
Remuneration, social security and pensions62€758k€798k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€11k▲
Other operating charges640/8€7k€565k▲
Gross operating margin9900€821k€1.41M▲
Operating profit (loss)9901€51k€36k▼
Financial income75/76B€22k€29k▲
Recurring financial income75€22k€29k▲
Financial charges65/66B€39k€10k▼
Recurring financial charges65€39k€10k▼
Profit (loss) for the period before taxes9903€34k€55k▲
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€24k€42k▲
Profit (loss) for the period to be appropriated9905€24k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€406k€448k▲
Profit (loss) brought forward from the previous period14P€382k€406k▲
The notes to these accounts (11 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
02-06
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 26-05-2026
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 39 days late
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Weakest financial yearnet €24k ▼48.4%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Highest result since 2019net €125k ▲50.1%
Net result €125k, the highest in the series.
30-06
Financial
Equity above €200kEq €244k ▲104%
2 profitable years in a row build equity to €244k.
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial 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 2016
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.
07-11-2016
Resigned as Managing director
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2016
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.
Paul Deschanellaan 1831030 SchaarbeekGround area
251 m²
Building footprint
245 m²
Volume, LiDAR
3,883 m³
Parcel 21906D0118/00H013, Brussels · tallest building 29.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
NEWBEL
since 20162.250.932.015
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0118/00H013 | Brussels | 251 m² | 1 · 245 m² | 29.2 m · 6 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.
Similar companies · same sector, comparable size
M.E.I.
BE 0456.637.891
Seraing · Eq €469k
TECHNICIANS ELECTRICAL EN MAINTENANCE
BE 0704.821.202
Oostkamp · Eq €470k
LD TECHNIC
BE 0823.176.048
Le Roeulx · Eq €470k
FASTELEC
BE 0764.352.575
Halle · Eq €470k
GEMM
BE 0890.925.697
Antwerpen · Eq €470k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 6,638 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2016
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.