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Net-Com

Active
Private limited companyfounded 2011active for 15 yearsScheestraat 20, 9270 Laarne, BelgiumKBO/BCE: BE 0833.582.168

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 16-07-2026 at the NBB all 15 filings

Turnover
≈ €120,000
Estimated: probably between €59,000 and €230,000
Total assets
€114,717▲ 1.4%
2024 · €113,158
Net result
€1,069▼ 94.6%
2024 · €19,657
Working capital
€6,437▼ 64.8%
2024 · €18,291
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 86% lower than in 2024.

Operating result€4,111 2025 Net result€1,069 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€1,043-€2,494▲ 139%€2,290▼ 8.2%€78▼ 96.6%€17,287▲ 220×€7,908▼ 54.3%€28,930▲ 266%€4,111▼ 85.8%
Net result€3,072-€965▼ 68.6%€1,071below the sector's middle half▲ 11.0%-€1,103below the sector's middle half€11,449within the sector's middle half€3,826below the sector's middle half▼ 66.6%€19,657within the sector's middle half▲ 414%€1,069below the sector's middle half▼ 94.6%
Equity€21,021-€21,987▲ 4.6%€23,058below the sector's middle half▲ 4.9%€21,954below the sector's middle half▼ 4.8%€33,403within the sector's middle half▲ 52.1%€28,205within the sector's middle half▼ 15.6%€47,861within the sector's middle half▲ 69.7%€43,032within the sector's middle half▼ 10.1%
Total assets€67,109-€67,774▲ 1.0%€65,625below the sector's middle half▼ 3.2%€61,244below the sector's middle half▼ 6.7%€66,437below the sector's middle half▲ 8.5%€104,763within the sector's middle half▲ 57.7%€113,158within the sector's middle half▲ 8.0%€114,717within the sector's middle half▲ 1.4%
Debt€46,087-€45,788▼ 0.6%€42,568▼ 7.0%€39,289▼ 7.7%€33,034▼ 15.9%€76,559▲ 132%€65,297▼ 14.7%€71,684▲ 9.8%
Working capital€13,159-€16,620▲ 26.3%€17,609within the sector's middle half▲ 5.9%€9,396below the sector's middle half▼ 46.6%€24,302within the sector's middle half▲ 159%€2,171below the sector's middle half▼ 91.1%€18,291within the sector's middle half▲ 742%€6,437below the sector's middle half▼ 64.8%
Solvency31.3%-32.4%▲ 1.1pp35.1%within the sector's middle half▲ 2.7pp35.8%within the sector's middle half▲ 0.7pp50.3%within the sector's middle half▲ 14.4pp26.9%below the sector's middle half▼ 23.4pp42.3%within the sector's middle half▲ 15.4pp37.5%within the sector's middle half▼ 4.8pp
Current ratio1.49-1.52▲ 0.031.52within the sector's middle half▼ 0.011.26below the sector's middle half▼ 0.261.74within the sector's middle half▲ 0.481.05below the sector's middle half▼ 0.691.58within the sector's middle half▲ 0.531.17below the sector's middle half▼ 0.41
Return on assets (ROA)4.6%-1.4%▼ 3.2pp1.6%below the sector's middle half▲ 0.2pp-1.8%below the sector's middle half▼ 3.4pp17.2%within the sector's middle half▲ 19.0pp3.7%below the sector's middle half▼ 13.6pp17.4%within the sector's middle half▲ 13.7pp0.9%below the sector's middle half▼ 16.4pp
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,717
Fixed assets €70,276 ▲ 11.2%
Current assets €44,441 ▼ 11.0%
Equity and liabilities €114,717
Equity €43,032 ▼ 10.1%
Debt €71,684 ▲ 9.8%
Debt's share of the balance-sheet total rises from 57.7% to 62.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€21,222▼
2024 · €41,739
Cash flow
€18,180▼
2024 · €32,467
Quick ratio
0.90▼
2024 · 1.42
Debt to equity
1.67▲
2024 · 1.36
ROE
2.5%▼
2024 · 41.1%
Interest coverage
7.66▼
2024 · 24.41
Debt ≤ 1 year
€38,004▲
2024 · €31,667
Debt > 1 year
€33,681▲
2024 · €33,629
Income taxes
€817▼
2024 · €8,138
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Net-Com: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €93,000 and €135,000, founded between 2006 and 2013.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
Net-Com Laarne2011€114,717€43,032€22,760-€1,0692025
VOBISCOM Ham-sur-Heure-Nalinnes2010€93,004€49,133€24,019€113,057€12,1032025
Broodkast Antwerpen2013€111,772-€6,703€21,103-€4,3872025
ABC IT & Web Solutions Kruisem2010€124,755€69,490€17,351-€8,0342025
ZICON Herzele2009€119,257€90,280€16,449-€7,7342025
VAN DEN BERGHE R&D Tienen2010€130,939€116,255€32,130-€2,6072025
BONZAI 2024 Vielsalm2006€135,353€51,593€22,908-€10,1222025

They were chosen from the 1,787 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 10,904 companies had the same profile as Net-Com has now. Two years later, 0.7% had gone bankrupt and 95.2% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.7% went bankrupt
4.0% stopped otherwise
95.2% was still going

That fits the bankruptcy probability of Net-Com itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 10,904 companies, not a prediction for Net-Com. 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.

Subsidies and aid

Flemish government

2024 · 1 entry · €150 awarded · €150 paid
Schemes
1 entry · €150 · €150 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines

Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€113,158€114,717▲
Fixed assets21/28€63,200€70,276▲
Tangible fixed assets22/27€63,150€70,226▲
Plant, machinery and equipment23€1,089€799▼
Furniture and vehicles24€875€2,062▲
Leasing and similar rights25€32,860€22,661▼
Other tangible fixed assets26€28,326€44,703▲
Financial fixed assets28€50€50=
Current assets29/58€49,959€44,441▼
Stocks and contracts in progress3€5,073€10,342▲
Stocks30/36€5,073€10,342▲
Amounts receivable within one year40/41€23,068€17,741▼
Trade receivables40€11,296€7,006▼
Other amounts receivable41€11,772€10,735▼
Cash at bank and in hand54/58€20,191€14,729▼
Deferred charges and accrued income490/1€1,626€1,629▲
Equity and liabilities
Total equity and liabilities10/49€113,158€114,717▲
Equity10/15€47,861€43,032▼
Contributions10/11€8,200€8,200=
Reserves13€39,661€34,832▼
Distributable reserves133€39,661€34,832▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€65,297€71,684▲
Amounts payable after more than one year17€33,629€33,681▲
Financial debts170/4€33,629€33,681▲
Amounts payable within one year42/48€31,667€38,004▲
Current portion of amounts payable after more than one year42€13,348€16,104▲
Trade debts44€9,591€7,522▼
Suppliers440/4€9,591€7,522▼
Taxes, remuneration and social security45€8,728€14,378▲
Taxes450/3€8,728€14,378▲
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,810€17,111▲
Other operating charges640/8€1,425€1,538▲
Gross operating margin9900€43,165€22,760▼
Operating profit (loss)9901€28,930€4,111▼
Financial income75/76B€575€544▼
Recurring financial income75€575€544▼
Financial charges65/66B€1,710€2,769▲
Recurring financial charges65€1,710€2,769▲
Profit (loss) for the period before taxes9903€27,795€1,886▼
Income taxes67/77€8,138€817▼
Profit (loss) for the period9904€19,657€1,069▼
Profit (loss) for the period to be appropriated9905€19,657€1,069▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,657€1,069▼
Transfer from equity791/2€0€5,898▲
Transfer to equity691/2€19,657€1,069▼
To other reserves6921€19,657€1,069▼
Profit to be distributed694/7€0€5,898▲
Return on contributions (dividend)694€0€5,898▲

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€0-€1,207€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,442€7,948€6,960€6,634€7,924€9,969€12,810€17,111▲ 33.6%
Other operating charges640/8---€1,443€1,481€2,619€1,425€1,538▲ 7.9%
Gross operating margin9900€11,069€11,659€10,553€8,155€26,692€20,496€43,165€22,760▼ 47.3%
Operating profit (loss)9901€1,043€2,494€2,290€78€17,287€7,908€28,930€4,111▼ 85.8%
Financial income75/76B---€0€20€5€575€544▼ 5.4%
Recurring financial income75€3,000€2€36€0€20€5€575€544▼ 5.4%
Financial charges65/66B---€736€548€1,267€1,710€2,769▲ 62.0%
Recurring financial charges65€329€678€760€736€548€1,267€1,710€2,769▲ 62.0%
Profit (loss) for the period before taxes9903€3,713€1,818€1,567-€657€16,759€6,646€27,795€1,886▼ 93.2%
Income taxes67/77€641€853€495€446€5,310€2,819€8,138€817▼ 90.0%
Profit (loss) for the period9904€3,072€965€1,071-€1,103€11,449€3,826€19,657€1,069▼ 94.6%
Profit (loss) for the period to be appropriated9905€3,072€965€1,071-€1,103€11,449€3,826€19,657€1,069▼ 94.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€67,109€67,774€65,625€61,244€66,437€104,763€113,158€114,717▲ 1.4%
Fixed assets21/28€27,255€19,307€13,867€15,383€9,101€59,166€63,200€70,276▲ 11.2%
Tangible fixed assets22/27€27,205€19,257€13,817€15,333€9,051€59,116€63,150€70,226▲ 11.2%
Plant, machinery and equipment23-----€1,378€1,089€799▼ 26.6%
Furniture and vehicles24---€6,982€2,028€44,262€875€2,062▲ 136%
Leasing and similar rights25------€32,860€22,661▼ 31.0%
Other tangible fixed assets26---€8,351€7,023€13,476€28,326€44,703▲ 57.8%
Financial fixed assets28€50€50€50€50€50€50€50€50=
Current assets29/58€39,854€48,467€51,758€45,861€57,336€45,597€49,959€44,441▼ 11.0%
Stocks and contracts in progress3€20,102€23,064€23,679€26,283€10,387€10,988€5,073€10,342▲ 104%
Stocks30/36---€26,283€10,387€10,988€5,073€10,342▲ 104%
Amounts receivable within one year40/41€19,075€18,799€19,993€14,658€29,030€17,040€23,068€17,741▼ 23.1%
Trade receivables40---€14,570€23,770€12,354€11,296€7,006▼ 38.0%
Other amounts receivable41---€88€5,260€4,686€11,772€10,735▼ 8.8%
Cash at bank and in hand54/58€677€2,662€5,260€2,230€15,204€15,926€20,191€14,729▼ 27.1%
Deferred charges and accrued income490/1---€2,690€2,715€1,643€1,626€1,629▲ 0.2%
Equity and liabilities
Total equity and liabilities10/49€67,109€67,774€65,625€61,244€66,437€104,763€113,158€114,717▲ 1.4%
Equity10/15€21,021€21,987€23,058€21,954€33,403€28,205€47,861€43,032▼ 10.1%
Contributions10/11€8,200€8,200-€8,200€8,200€8,200€8,200€8,200=
Reserves13€13,957€14,923€14,923€14,923€25,203€20,005€39,661€34,832▼ 12.2%
Non-distributable reserves130/1---€1,860€1,860€0---
Reserves not available under the articles1311---€1,860€1,860€0---
Distributable reserves133---€13,063€23,343€20,005€39,661€34,832▼ 12.2%
Profit (loss) carried forward14-€1,136-€1,136-€65-€1,168€0€0€0€0-
Amounts payable17/49€46,087€45,788€42,568€39,289€33,034€76,559€65,297€71,684▲ 9.8%
Amounts payable after more than one year17€19,392€13,941€8,418€2,824€0€33,133€33,629€33,681▲ 0.2%
Financial debts170/4---€2,824€0€33,133€33,629€33,681▲ 0.2%
Amounts payable within one year42/48€26,695€31,847€34,149€36,465€33,034€43,426€31,667€38,004▲ 20.0%
Current portion of amounts payable after more than one year42---€5,594€2,824€9,857€13,348€16,104▲ 20.6%
Trade debts44€10,152€12,265€13,312€19,642€7,744€15,758€9,591€7,522▼ 21.6%
Suppliers440/4---€19,642€7,744€15,758€9,591€7,522▼ 21.6%
Taxes, remuneration and social security45---€5,275€15,690€17,810€8,728€14,378▲ 64.7%
Taxes450/3---€5,275€15,690€17,810€8,728€14,378▲ 64.7%
Other amounts payable47/48---€5,954€6,775€0---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€3,072€965€1,071-€1,103€11,449€3,826€19,657€1,069▼ 94.6%
+ Depreciation and write-downs630€8,442€7,948€6,960€6,634€7,924€9,969€12,810€17,111▲ 33.6%
Operating cash flow (approximation)€11,515€8,913€8,031€5,530€19,373€13,796€32,467€18,180▼ 44.0%
Investment in fixed assets (approximation)-€0-€1,520-€8,149-€1,642-€60,035-€16,843-€24,187▼ 43.6%
Change in cash-€1,985€2,597-€3,030€12,974€722€4,265-€5,463-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 16-07-2026 2026-00300002 NBB
31-12-2024 micro format 28-08-2025 2025-00422392 PDF
31-12-2023 micro format 10-07-2024 2024-00229850 PDF
31-12-2022 micro format 31-07-2023 2023-00294661 PDF
31-12-2021 micro format 28-08-2022 2022-20329642 PDF
31-12-2020 micro format 31-08-2021 2021-62200525 PDF
31-12-2019 micro format 28-08-2020 2020-47400477 PDF
31-12-2018 micro format 19-07-2019 2019-35000038 PDF
31-12-2017 micro format 28-08-2018 2018-52600126 PDF
31-12-2016 micro format 18-07-2017 2017-32800326 PDF

Show all 15 filings

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