공시 • May 15
New Sources Energy N.V., Annual General Meeting, Jun 26, 2026 New Sources Energy N.V., Annual General Meeting, Jun 26, 2026. New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Dutch stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€612k free cash flow). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Negative equity (-€38k). Earnings have declined by 37% per year over the past 5 years. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€5.70m market cap, or US$6.69m). New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€353k free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-€240k). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.48m market cap, or US$5.32m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Aug 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€353k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€353k free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-€240k). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€2.95m market cap, or US$3.41m). 공시 • Jun 14
New Sources Energy N.V., Annual General Meeting, Jul 30, 2025 New Sources Energy N.V., Annual General Meeting, Jul 30, 2025. Location: pavillion of the amsterdam old course, zwarte laantje 4, 1115 rr amsterdam-duivendrecht, amsterdam Netherlands New Risk • Jun 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€3.77m market cap, or US$4.31m). New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€528k free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€189k). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€1.33m market cap, or US$1.43m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Sep 06
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€189k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€528k free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-€189k). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€1.41m market cap, or US$1.56m). Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding). 공시 • May 20
New Sources Energy N.V., Annual General Meeting, Jun 28, 2024 New Sources Energy N.V., Annual General Meeting, Jun 28, 2024. Location: hilton hotel, apollolaan 138, 1077 bg, amsterdam Netherlands New Risk • Dec 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Negative equity (-€106k). Earnings have declined by 7.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€2.97m market cap, or US$3.26m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Nov 09
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€106k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-€106k). Earnings have declined by 7.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€657.3k market cap, or US$703.9k). New Risk • Jul 03
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (31% average weekly change). Market cap is less than US$10m (€1.08m market cap, or US$1.17m). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Louis Witte was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Louis Witte was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.