NAETS
ActiveSummary
NAETS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€3.8m) and a net result of -€832,887. Equity is shrinking by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.15 in 2023; short-term debt: 877.1% and cash: 0% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-869%
Return on assets
-191.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€3.8m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
7 d late
2022
322 d late
2021
661 d late
2020
1026 d late
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 328 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€3.8m▼ 28.3%
2023 · -€2.9m
Total assets
€435,078▼ 45.5%
2023 · €798,164
Net result
-€832,887▼ 27.9%
2023 · -€651,353
Working capital
-€3.6m▼ 13.1%
2023 · -€3.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€845,389▼ 177%-€435,765▲ 48.5%-€372,139▲ 14.6%-€484,577▼ 30.2%-€299,106▲ 38.3%
Net result-€852,015below the sector's middle half▼ 155%-€446,031below the sector's middle half▲ 47.6%-€372,474below the sector's middle half▲ 16.5%-€651,353below the sector's middle half▼ 74.9%-€832,887below the sector's middle half▼ 27.9%
Equity-€1.5mbelow the sector's middle half▼ 131%-€1.9mbelow the sector's middle half▼ 30.2%-€2.3mbelow the sector's middle half▼ 19.4%-€2.9mbelow the sector's middle half▼ 28.4%-€3.8mbelow the sector's middle half▼ 28.3%
Total assets€862,935above the sector's middle half▲ 65.3%€321,504within the sector's middle half▼ 62.7%€358,654within the sector's middle half▲ 11.6%€798,164above the sector's middle half▲ 123%€435,078within the sector's middle half▼ 45.5%
Debt€2.3m▲ 102%€2.2m▼ 4.1%€2.7m▲ 18.2%€3.7m▲ 41.1%€4.2m▲ 12.5%
Working capital€306,453above the sector's middle half-€13,454below the sector's middle half-€29,774below the sector's middle half▼ 121%-€3.2mbelow the sector's middle half▼ 10,560%-€3.6mbelow the sector's middle half▼ 13.1%
Solvency-171.3%below the sector's middle half▼ 49.0pp-598.5%below the sector's middle half▼ 427.2pp-640.4%below the sector's middle half▼ 41.9pp-369.4%below the sector's middle half▲ 271.0pp-869.0%below the sector's middle half▼ 499.7pp
Current ratio2.17within the sector's middle half▲ 1.830.86below the sector's middle half▼ 1.310.79below the sector's middle half▼ 0.070.15below the sector's middle half▼ 0.640.06below the sector's middle half▼ 0.09
Return on assets (ROA)-98.7%below the sector's middle half▼ 34.8pp-138.7%below the sector's middle half▼ 40.0pp-103.9%below the sector's middle half▲ 34.9pp-81.6%below the sector's middle half▲ 22.2pp-191.4%below the sector's middle half▼ 109.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2020 Net result -155% on 2019. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €299,106 in 2024 against €484,577 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €435,078
Fixed assets
€209,450 ▼ 7.3%
Current assets
€225,628 ▼ 60.6%
Key figures and ratios
EBITDA
-€277,417▲
2023 · -€461,090
Cash flow
-€811,198▼
2023 · -€627,867
Debt to equity
-1.12▲
2023 · -1.27
Interest coverage
-0.52▲
2023 · -3.32
Debt ≤ 1 year
€3.8m▲
2023 · €3.7m
Debt > 1 year
€400,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €78,893 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €276,494 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,818 | €11,407 | €52,450 | €23,487 | €21,689 | ▼ 7.7% |
| Other operating charges640/8 | €35,614 | €1,820 | €19,650 | €56,891 | €2,840 | ▼ 95.0% |
| Gross operating margin9900 | -€785,957 | -€422,538 | -€300,039 | -€404,199 | -€274,577 | ▲ 32.1% |
| Operating profit (loss)9901 | -€845,389 | -€435,765 | -€372,139 | -€484,577 | -€299,106 | ▲ 38.3% |
| Financial income75/76B | €13,099 | €1,195 | €14 | €7 | €2,727 | ▲ 36,547% |
| Recurring financial income75 | €13,099 | €1,195 | €14 | €7 | €2,727 | ▲ 36,547% |
| Financial charges65/66B | €19,405 | €11,460 | €350 | €138,843 | €536,508 | ▲ 286% |
| Recurring financial charges65 | €19,405 | €11,460 | €350 | €138,843 | €536,508 | ▲ 286% |
| Profit (loss) for the period before taxes9903 | -€851,695 | -€446,031 | -€372,474 | -€623,413 | -€832,887 | ▼ 33.6% |
| Income taxes67/77 | €320 | - | - | €27,941 | - | - |
| Profit (loss) for the period9904 | -€852,015 | -€446,031 | -€372,474 | -€651,353 | -€832,887 | ▼ 27.9% |
| Transfer from tax-exempt reserves789 | - | €7,200 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€852,015 | -€438,830 | -€372,474 | -€651,353 | -€832,887 | ▼ 27.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €862,935 | €321,504 | €358,654 | €798,164 | €435,078 | ▼ 45.5% |
| Fixed assets21/28 | €293,785 | €240,438 | €246,136 | €225,950 | €209,450 | ▼ 7.3% |
| Tangible fixed assets22/27 | €293,785 | €240,438 | €246,136 | €225,950 | €209,450 | ▼ 7.3% |
| Land and buildings22 | €275,311 | €235,108 | €217,991 | €205,856 | €190,435 | ▼ 7.5% |
| Plant, machinery and equipment23 | - | - | €13,989 | €10,874 | €11,516 | ▲ 5.9% |
| Furniture and vehicles24 | €18,474 | €5,330 | €14,156 | €9,220 | €7,499 | ▼ 18.7% |
| Current assets29/58 | €569,150 | €81,067 | €112,518 | €572,214 | €225,628 | ▼ 60.6% |
| Amounts receivable within one year40/41 | €566,535 | €81,049 | €111,070 | €148,605 | €225,541 | ▲ 51.8% |
| Trade receivables40 | €40,500 | €34,134 | - | - | €20,167 | - |
| Other amounts receivable41 | €526,035 | €46,915 | €111,070 | €148,605 | €205,373 | ▲ 38.2% |
| Cash at bank and in hand54/58 | €2,615 | €18 | €1,448 | €887 | €88 | ▼ 90.1% |
| Deferred charges and accrued income490/1 | - | - | - | €422,723 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €862,935 | €321,504 | €358,654 | €798,164 | €435,078 | ▼ 45.5% |
| Equity10/15 | -€1.5m | -€1.9m | -€2.3m | -€2.9m | -€3.8m | ▼ 28.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €9,060 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | €7,200 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€1.5m | -€1.9m | -€2.3m | -€3.0m | -€3.8m | ▼ 28.1% |
| Amounts payable17/49 | €2.3m | €2.2m | €2.7m | €3.7m | €4.2m | ▲ 12.5% |
| Amounts payable after more than one year17 | €2.1m | €2.2m | €2.5m | - | €400,000 | - |
| Other amounts payable178/9 | €2.1m | €2.2m | €2.5m | - | €400,000 | - |
| Amounts payable within one year42/48 | €262,697 | €94,521 | €142,293 | €3.7m | €3.8m | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | €69,822 | €72,351 | €54,678 | €3.6m | €3.6m | ▲ 0.3% |
| Trade debts44 | €183,718 | €21,995 | €87,440 | €144,082 | €225,915 | ▲ 56.8% |
| Suppliers440/4 | €183,718 | €21,995 | €87,440 | €144,082 | €225,915 | ▲ 56.8% |
| Taxes, remuneration and social security45 | €2,327 | €175 | €175 | €21,265 | - | - |
| Taxes450/3 | €2,327 | €175 | €175 | €21,265 | - | - |
| Other amounts payable47/48 | €6,830 | - | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€852,015 | -€446,031 | -€372,474 | -€651,353 | -€832,887 | ▼ 27.9% |
| + Depreciation and write-downs630 | €23,818 | €11,407 | €52,450 | €23,487 | €21,689 | ▼ 7.7% |
| Operating cash flow (approximation) | -€828,198 | -€434,624 | -€320,024 | -€627,867 | -€811,198 | ▼ 29.2% |
| Investment in fixed assets (approximation) | - | €41,940 | -€58,148 | -€3,301 | -€5,189 | ▼ 57.2% |
| Change in cash | - | -€2,597 | €1,430 | -€561 | -€799 | ▼ 42.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 322 days late
22-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 661 days late
22-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1026 days late
2020
31-12
Financial
Weakest financial yearnet -€852,015
Net result drops to -€852,015, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 6current ratio 2.17
Current ratio from 0.34 to 2.17; short-term debt falls from €765,715 to €262,697.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-07
State Gazette act
General meeting · Share cancellation
Reserve release · Share issue
Show earlier events
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
14-08
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
31-07
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2006
Ground area
1.2 ha
Building footprint
3,657 m²
Volume, LiDAR
35,325 m³
Parcel 11003A0271/00V000, Flanders · tallest building 20.3 m, ±3 floors. Linked by address, not a title deed.
46
companies at this address
See who is registered here
1 establishment unit
Naets
since 20062.152.810.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0271/00V000 | Flanders | 1.2 ha | 1 · 3,657 m² | 20.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879440897
Also
9925:BE0879440897
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.