Skip to content
Checked.be
Complete company report
Generated 19-08-2026
Active BE 0544.836.429Private limited company (pre-2019)Open bankruptcy

BELGO - NETTE

· 12 yrs active
Conclusion Checked

A bankruptcy procedure is open for BELGO - NETTE according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €110k and a net result of €51k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €110k
Net result €51k
Active 12 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health24Profitability75Solvency100Growth78Stability0
55 / 100

Mixed profile: strong on solvency, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 75
Solvency 100
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
24 / 100 Critical
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview9 NBB filings
Annual accounts filed on 02-05-2023 with the NBB · fiscal year 2022 · micro
€0€200k€400k€600kOperating result 2018: €18k€18kNet result 2018: €33k€33kOperating result 2019: €11k€11kNet result 2019: €27k€27kOperating result 2020: €29k€29kNet result 2020: €50k€50kOperating result 2021: €27k€27kNet result 2021: €21k€21kRevenue 2022: €625k€625kOperating result 2022: €68k€68kNet result 2022: €51k€51k20182019202020212022
RevenueOperating resultNet result
Revenue
€625k
- 18-22
EBITDA
€75k
+146.8% 18-22
Net profit
€51k
+140.3% 18-22
Cash flow
€58k
+132.6% 18-22
Total assets
€154k
+51.9% 18-22
Equity
€110k
+88.3% 18-22
Working capital
€74k
+28.0% 18-22
Employees (FTE)
2
-9.1% 18-22
Show 15 other metrics
Staff costs
€121k
+45.1% 18-22
Income taxes
€10k
+354.3% 18-22
Dividends
€13k
- 18-22
Debt
€44k
+2.3% 18-22
Debt ≤ 1y
€44k
+2.3% 18-22
Debt > 1y
€2k
-69.9% 18-22
Current ratio
2.70
+14.4% 18-22
Quick ratio
2.70
+14.4% 18-22
Solvency
71.5%
+24.0% 18-22
Debt / equity
0.40
-45.7% 18-22
ROE
46.9%
+27.6% 18-22
ROA
33.5%
+58.2% 18-22
Net margin
8.2%
- 18-22
EBITDA margin
12.0%
- 18-22
Interest coverage
10.90
+93.8% 18-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue€625k
EBITDA€75k
Net profit€51k
Cash flow€58k
Staff costs€121k
Income taxes€10k
Dividends-
Total assets€154k
Equity€110k
Debt€44k
of which ≤ 1y€44k
of which > 1y-
Working capital€74k
Employees (FTE)-
Ratios (computed)
2022
Current ratio2.70
Quick ratio2.70
Working capital ratio48.4%
Solvency71.5%
Debt / equity0.40
Long-term debt ratio-
Interest coverage10.90
Gross margin31.8%
Net margin8.2%
ROA33.5%
ROE46.9%
EBITDA margin12.0%
Days sales outstanding23d
Days payable outstanding31d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€154k
Fixed assets 21/28€35k
Tangible fixed assets 22/27€35k
Financial fixed assets 28€204
Current assets 29/58€118k
Amounts receivable within one year 40/41€105k
Cash & bank 54/58€13k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€154k
Equity 10/15€110k
Contributions / capital 10/11€7k
Reserves 13€2k
Accumulated profits (losses) 14€101k
Amounts payable 17/49€44k
Amounts payable within one year 42/48€44k
Trade debts payable within one year 44€36k
Income statement
Turnover 70€625k
Gross operating margin 9900€199k
Operating result 9901€68k
Financial charges 65€7k
Result before taxes 9903€61k
Income taxes 67/77€10k
Net result for the period 9904€51k
Result to be appropriated 9905€51k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • Mourad chillah fariss
    Director
    State Gazette act 23157759 (11-12-2023)
    Current
    01-07-2023 → present
    2 events
    • 11-12-2023 Appointed· Director
    • 01-07-2023 Appointed· Director
Former directors (2)
  • EL GHARRAFI Omar
    Director
    State Gazette act 23036077 (13-03-2023)
    Former
    13-03-2023 → 01-07-2023
    2 events
    • 01-07-2023 Resigned· Director
    • 13-03-2023 Appointed· Director
  • MAICHOUFE Abdellatif
    Director
    State Gazette act 23036077 (13-03-2023)
    Former
    - → 13-03-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator JEAN-LOUIS DE CHAFFOY JL
SCHALIESTRAAT 18 BIS, 1602 VLEZENBEEK
 30-01-2024 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation29-01-2014
StatusActive
Postal code-
First BS signal 05-02-2024
Latest BS signal 05-02-2024
Establishment units 1 location
BELGO - NETTE
Chaussée de Charleroi(FL) 195, 6220 FleurusGrondverzet : graven, ophogen, egaliseren en nivelleren van bouwterreinen, graven van sleuven en geulen, verwijderen van rotsen, grondverzet met behulp van explosieven
since 20142.226.553.638
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21614E0126/00A002 Brussels 1,616 m² 1 · 1,089 m² 12.7 m · 2 fl.
52021D0642/00W000 Wallonia 73 m² 1 · 87 m² 13.9 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
05-02-2024
Bankruptcy Opening
Ondernemingsrechtbank Brussel · BELGO - NETTE BV ALSEM- BERGSESTEENWEG 842, 1180 UKKEL · event 30-01-2024
2023
11-12-2023
State Gazette act Capital & shares
02-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
13-03-2023
State Gazette act Capital & shares
2022
06-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
27-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
30-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
31-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
30-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
31-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
28-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Lifecycle & Insolvency Signals1 events
05-02-2024
Bankruptcy Opening
Date: 30-01-2024 · Ondernemingsrechtbank Brussel · BELGO - NETTE BV ALSEM- BERGSESTEENWEG 842, 1180 UKKEL · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-02-05 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
Capital history · 2
11-12-2023
Capital change
13-03-2023
Capital change
All acts · 2 updated 2 years ago
2023
11-12-2023 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Mourad chillah fariss",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Uccle",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-12-11",
    "filing_date": "2023-12-01",
    "act_kind_objet": "D\u00E9mission - nomination"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2023-12-01",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-07-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0544.836.429",
    "name_full": "Belgo-nette sprl",
    "legal_form": "Soci\u00E9t\u00E9 priv\u00E9e \u00E0 responsabilit\u00E9 limit\u00E9e",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "Mourad chillah fariss",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
13-03-2023 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "EL GHARRAFI Omar",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 50,
          "contribution_amount_eur": null
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "EL GHARRAFI Omar",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 50,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "EL GHARRAFI Omar",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 50,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2023-03-02",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": null,
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-01-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0544.836.429",
    "name_full": "BELGO - NETTE",
    "legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9e limit\u00E9e",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "EL GHARRAFI Omar",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "EL GHARRAFI Omar",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": [
    {
      "n_shares": 100,
      "class_name": "parts sociales",
      "capital_share_eur": null,
      "voting_rights_per_share": null
    }
  ]
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR BELGO - NETTE
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative