NET
ActiveSummary
The computed 12-month bankruptcy probability of NET is 2.8% (moderate). The 2025 annual accounts show negative equity (-€10,771) and a net result of -€43,603. Equity is shrinking by about 4.4% per year across the filed financial years. Its solvency ranks better than 13% of 327 sector peers (NACE 61, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 2.3 FTE
- Equity
- -€10,771
- Loss
- -€43,603
Why 49raises riskLoss of €43,603, the second in a row (financial year 2025)Negative equity -€10,771lowers riskSize: turnover €545,538, total assets €38,116Founded in 2006Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 61, micro): better than 7% on solvency, 4% on liquidity, 7% on profitability and 4% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 61) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€43,603
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €41,464 in 2025 against €7,099 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 61, Telecommunications: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.4% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,619 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €545,538 | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €4,383 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €519,269 | - |
| Remuneration, social security and pensions62 | - | - | - | €81,289 | €61,802 | €69,319 | €67,529 | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €442 | €442 | €442 | €442 | €442 | €442 | €442 | = |
| Other operating charges640/8 | - | - | - | €5,120 | €4,367 | €6,295 | €4,227 | ▼ 32.9% |
| Gross operating margin9900 | €50,073 | €59,070 | €45,035 | €81,662 | €72,026 | €68,957 | €30,734 | ▼ 55.4% |
| Operating profit (loss)9901 | €1,468 | €3,203 | €889 | -€5,188 | €5,415 | -€7,099 | -€41,464 | ▼ 484% |
| Financial income75/76B | - | - | - | €232 | €0 | €396 | €45 | ▼ 88.5% |
| Recurring financial income75 | €1,012 | €314 | €702 | €232 | €0 | €396 | €45 | ▼ 88.5% |
| Financial charges65/66B | - | - | - | €185 | €376 | €286 | €2,184 | ▲ 663% |
| Recurring financial charges65 | €6 | €290 | €325 | €185 | €376 | €286 | €2,184 | ▲ 663% |
| Profit (loss) for the period before taxes9903 | €2,474 | €3,228 | €1,266 | -€5,141 | €5,039 | -€6,989 | -€43,603 | ▼ 524% |
| Income taxes67/77 | €561 | €703 | €270 | - | - | - | - | - |
| Profit (loss) for the period9904 | €1,914 | €2,525 | €995 | -€5,141 | €5,039 | -€6,989 | -€43,603 | ▼ 524% |
| Profit (loss) for the period to be appropriated9905 | €1,914 | €2,525 | €995 | -€5,141 | €5,039 | -€6,989 | -€43,603 | ▼ 524% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €38,996 | €46,825 | €54,375 | €46,578 | €63,517 | €54,621 | €38,116 | ▼ 30.2% |
| Fixed assets21/28 | €3,091 | €2,650 | €2,208 | €1,766 | €1,325 | €883 | €442 | ▼ 50.0% |
| Tangible fixed assets22/27 | €3,091 | €2,650 | €2,208 | €1,766 | €1,325 | €883 | €442 | ▼ 50.0% |
| Other tangible fixed assets26 | - | - | - | €1,766 | €1,325 | €883 | €442 | ▼ 50.0% |
| Current assets29/58 | €35,905 | €44,176 | €52,167 | €44,811 | €62,192 | €53,738 | €37,674 | ▼ 29.9% |
| Stocks and contracts in progress3 | €31,685 | €36,685 | €36,179 | €40,044 | €41,618 | €41,618 | €28,284 | ▼ 32.0% |
| Stocks30/36 | - | - | - | €40,044 | €41,618 | €41,618 | €28,284 | ▼ 32.0% |
| Amounts receivable within one year40/41 | €3,859 | €6,827 | €12,483 | €3,910 | €5,070 | €7,503 | €8,970 | ▲ 19.6% |
| Trade receivables40 | - | - | - | - | €3,594 | - | €4,837 | - |
| Other amounts receivable41 | - | - | - | €3,910 | €1,476 | €7,503 | €4,133 | ▼ 44.9% |
| Cash at bank and in hand54/58 | €361 | €664 | €3,506 | €858 | €15,504 | €4,617 | €420 | ▼ 90.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €38,996 | €46,825 | €54,375 | €46,578 | €63,517 | €54,621 | €38,116 | ▼ 30.2% |
| Equity10/15 | €34,703 | €38,928 | €39,923 | €34,782 | €39,821 | €32,831 | -€10,771 | - |
| Contributions10/11 | €18,300 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Contributions outside capital11 | - | - | - | €20,000 | €20,000 | €20,000 | - | - |
| Other1109/19 | - | - | - | €20,000 | €20,000 | €20,000 | - | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €14,403 | €16,928 | €17,923 | €12,782 | €17,821 | €10,831 | -€32,771 | - |
| Amounts payable17/49 | €4,293 | €7,898 | €14,452 | €11,796 | €23,696 | €21,790 | €48,887 | ▲ 124% |
| Amounts payable within one year42/48 | €4,293 | €6,950 | €14,104 | €11,796 | €23,696 | €21,790 | €48,887 | ▲ 124% |
| Trade debts44 | €3,733 | €1,756 | €8,511 | €2,349 | €9,392 | €1,507 | €25,643 | ▲ 17× |
| Suppliers440/4 | - | - | - | €2,349 | €9,392 | €1,507 | €25,643 | ▲ 17× |
| Taxes, remuneration and social security45 | - | - | - | €9,447 | €14,304 | €20,283 | €23,243 | ▲ 14.6% |
| Taxes450/3 | - | - | - | €963 | €2,908 | €3,894 | €5,326 | ▲ 36.8% |
| Remuneration and social security454/9 | - | - | - | €8,484 | €11,397 | €16,389 | €17,918 | ▲ 9.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,914 | €2,525 | €995 | -€5,141 | €5,039 | -€6,989 | -€43,603 | ▼ 524% |
| + Depreciation and write-downs630 | €442 | €442 | €442 | €442 | €442 | €442 | €442 | = |
| Operating cash flow (approximation) | €2,355 | €2,966 | €1,437 | -€4,700 | €5,480 | -€6,548 | -€43,161 | ▼ 559% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €303 | €2,842 | -€2,648 | €14,646 | -€10,887 | -€4,197 | ▲ 61.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 15-04-2026 | 2026-00080039 |
| 30-09-2024 | micro format | 19-04-2025 | 2025-00071891 |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00075575 |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00066391 |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09300008 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12700434 |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11100457 |
| 30-09-2018 | micro format | 29-03-2019 | 2019-08600577 |
| 30-09-2017 | micro format | 16-03-2018 | 2018-07000220 |
| 30-09-2016 | abbreviated format | 24-03-2017 | 2017-07200445 |
Similar companies · same sector and region
Subsidies and aid
Flemish government
2025 · 1 entry · €2,000 awarded · €2,000 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Mushahid CHAUDHRY |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-01
Gazette deed
Appointment: Mushahid CHAUDHRY (director)Amendment of the articles · Capital conversion · Power of attorney7 facts ▸
- General meeting, 29-11-2023
- Amendment of the articles
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Power of attorney, Luc MORTELMANS
- Director appointment, Mushahid CHAUDHRY (director)
- Declaration, “uitoefeningsverbod, uitoefenen van functie niet verboden” (deed in Dutch)
- Registered office clause, “2100 Antwerpen-Deurne, Cruyslei 67 GVL, ZEVENDE BESLUIT: VASTSTELLING VAN HET ADRES VAN DE ZETEL BUITEN DE STATUTEN” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11346B0965/00E006 | Flanders | 275 m² | 1 · 109 m² | 10.6 m · 3 |
| 11323F0068/00T008 | Flanders | 73 m² | 1 · 68 m² | 8.0 m · 1 |
How the parcels are linked
Articles of association
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “1. 14. Vertegenwoordiging door het bestuursorgaan Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking, algemene vergadering” (deed in Dutch)“Bezoldigd of niet, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandeelhouders betreffende hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Naar evenredigheid aantal aandelen, orgaan dat tot uitgifte overgaat” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, 29” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “30, ter bevestiging voorleggen aan voorzitter bevoegde ondernemingsrechtbank indien uit staat van actief en passief overeenkomstig artikel…” (deed in Dutch)