Equity
€59.5m ▲ 24.9%
Netceed Belgium has made a profit in every financial year since 2005.
Netceed Belgium
Lifetime
21 annual accounts with figures on one time axis, 26 filings since 2000peak €119.5m (2024)
€102.8m▼ 14.0%
peak €17.8m (2023)
€11.8m▼ 24.8%
peak €59.5m (2025)
€59.5m▲ 24.9%
€27.6m▲ 12.2%
peak 30.2 FTE (2024)
28.1 FTE▼ 7.0%
Board14 names since 2019all names
4 directorsLaurent Bourgeois and 3 others
Owners3 names in the annual accounts
Documentsfilings and deeds
04-08-20264 days late
2025financial year
Turnover from €119.5m to €102.8m2 directors appointed 25-03Equity from €47.6m to €59.5m1 establishment registeredCash from €5.1m to €1.0m
Key points
from the 2025 annual accountsInvestments
€32,400 0.3 × depreciation
Green is investment, beige is depreciation.
Filings
26 annual accounts since 2000
Two of the last ten came late. The 2025 accounts came latest: 4 days after the end of the period.
At the same address
63 companies
Board
2 joined · 2 left
Board changed. Latest change 02-09-2026 · 4 in office.
Position in the sector
€11.8m
Higher net result than 95% of companies in wholesale trade. Sector median €110,308 · 6,124 companies.
Checked score
95
Excellent
Financially stronger than 63% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
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 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.89, cash €1.0m, halved
lowers risk
Founded in 2000
Size: turnover €102.8m, 28.1 FTE, total assets €87.1m
Equity €59.5m (68.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 46, small). It does better than 77% of them on solvency, 42% on liquidity, 86% on profitability and 49% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Netceed Belgium has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Netceed Belgium itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Netceed Belgium. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,600,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.89 (2.58 in 2024), above the usual 1.5. Short-term debt is 31.6% and cash 1.2% of total assets. 31.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
4 days late
2024
on the day
2023
28 days early
2022
2 days late
2021
33 days early
2020
12 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · 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 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PB
Parisian BidCo SAS
Director, Alper Turken
- Netceed Holding Belgium 100%equity €47.4m (2025) · 2025 annual accounts of Netceed Holding Belgium
Shares in 2 companies, ANTRINCO and M.T.C. BELGIUM
Board & ownershipRecent changes
1 director appointed, 1 resignation
Resignation: Laurent Bourgeois · Appointment: Frank Heistercamp · Permanent representative: Alper Turken · General meeting of 02-09-2026 · Gazette deed
Company renamed from Amadys Telecom to Netceed Belgium
Resignation: NEW PEARL TECHNOLOGIES (director) · Appointment: KUIPER Edwin Christian (director) · Gazette deed
2 directors appointed
Robert Kresing and Parisian BidCo SAS · Permanent representatives: Alper Turken and Wouter Belmans · General meeting of 17-02-2025 · Gazette deed
New establishment in Rijkevorsel
Amadys Telecom BE, Nijverheidsweg 2A
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Netceed Belgium Antwerp | €102.8m | 14.3% | 68.3% | 28.1 |
| EXCLUSIVE NETWORKS BELUX Duffel | €205.6m | 2.4% | 18.1% | 45.2 |
| LENOVO (BELGIUM) Machelen (Brab.) | €184.9m | 2.3% | 20.2% | 38.7 |
| Roland DG EMEA Geel | €121.6m | 2.6% | 53.4% | 27.2 |
| NIKON METROLOGY EUROPE Leuven | €56.4m | 23.7% | 74.3% | 36.5 |
| ECONOCOM PRODUCTS & SOLUTIONS BELUX Ixelles | €174.7m | 1.3% | 9.6% | 37.5 |
| SoftwareONE BE Brussels | €455.6m | 0.6% | 4.5% | 37.6 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Netceed Belgium: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €48m and €156m, founded between 1985 and 2005.
Official details
Source: KBO- Status
- Active since 23-03-2000Normal situation
- Registered office
- 64 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Wholesale of information and communication equipmentNACE 46500and 1 other
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Establishment units
- 2.115.931.9672960 Brecht, since 13-09-2000
- 2.172.802.0779140 Temse, since 01-02-2007and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 08-04-2022
Companies linked to Netceed Belgium
Parent and group
Insights on Netceed Belgium
Netceed Belgium has existed since 2000. In 2017 turnover rose from €16.2m to €37.0m and staff from 4.4 to 8.5 full-time equivalents. Merger absorbing , according to the KBO register on 27-04-2016, in the previous financial year. That operation now counts for a full year for the first time.
Netceed Holding Belgium holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Netceed Belgium
- What is the company number of Netceed Belgium?
- The company number of Netceed Belgium is 0471.500.469. The VAT number is the same number with BE in front: BE 0471.500.469.
- Where is Netceed Belgium based?
- The registered office is at Sint-Pietersvliet 7, 2000 Antwerp.Company details
- What does Netceed Belgium do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of Netceed Belgium?
- Netceed Belgium is a public limited company (NV).
- When was Netceed Belgium founded?
- Netceed Belgium was founded on 23-03-2000.
- Is Netceed Belgium still active?
- Yes, Netceed Belgium is an active enterprise in the KBO register.
- How many employees does Netceed Belgium have?
- Netceed Belgium had an average of 28.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Netceed Belgium fall under?
- In its 2021 annual accounts, Netceed Belgium states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Netceed Belgium?
- The turnover of Netceed Belgium was €102.8m in financial year 2025, according to the filed annual accounts.
- Is Netceed Belgium profitable?
- In financial year 2025, Netceed Belgium made a profit of €11.8m.
- Where can I find the annual accounts of Netceed Belgium?
- Netceed Belgium filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Netceed Belgium due?
- Netceed Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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