NET FACTORY
ActiveThe computed 12-month bankruptcy probability of NET FACTORY is 1.7% (moderate). The 2024 annual accounts show equity of €183k and a net result of €8k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 1133 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
86
/ 100
Excellent▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability21▼-23
Solvency100▲+1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 4.98 against 2.63 in 2023), and 20% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-09-2025, 33 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
33 d late
2023
30 d late
2022
45 d early
2021
31 d early
2020
15 d early
2019
12 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k▼ 51.1%
2023 · €15k
2018: €8k
2019: €11k
2020: €11k
2021: €7k
2022: €13k
2023: €15k
2018 → 2024
Working capital
€183k▲ 4.4%
2023 · €175k
2018: €117k
2019: €129k
2020: €139k
2021: €146k
2022: €159k
2023: €175k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€140k-€147k▲ 4.8%€160k▲ 9.1%€175k▲ 9.6%€183k▲ 4.3%
Operating result€16k-€11k▼ 31.4%€20k▲ 82.4%€27k▲ 33.0%€10k▼ 63.8%
Net result€11k-€7k▼ 40.9%€13k▲ 98.2%€15k▲ 15.6%€8k▼ 51.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 64% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €229k
Fixed assets
€306▼ 36.0%
Current assets
€228k▼ 19.1%
Equity and liabilities €229k
Equity
€183k▲ 4.3%
Debt
€46k▼ 57.3%
The debt ratio falls from 38.0% to 20.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€10k▼
2023 · €27k
Cash flow
€8k▼
2023 · €16k
Solvency
80.0%▲
2023 · 62.0%
Current ratio
4.98▲
2023 · 2.63
Quick ratio
4.98▲
2023 · 2.63
Debt / equity
0.25▼
2023 · 0.61
ROE
4.1%▼
2023 · 8.8%
ROA
3.3%▼
2023 · 5.4%
Interest coverage
7.33▲
2023 · 6.12
Debt
€46k▼
2023 · €107k
Debt ≤ 1 year
€46k▼
2023 · €107k
Income taxes
€3k▼
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€283k€229k▼
Fixed assets21/28€479€306▼
Tangible fixed assets22/27€479€306▼
Furniture and vehicles24€479€306▼
Current assets29/58€282k€228k▼
Amounts receivable within one year40/41€172k€196k▲
Trade receivables40€71k€73k▲
Other amounts receivable41€101k€123k▲
Cash at bank and in hand54/58€110k€32k▼
Deferred charges and accrued income490/1€781€0▼
Equity and liabilities
Total equity and liabilities10/49€283k€229k▼
Equity10/15€175k€183k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€154k€162k▲
Amounts payable17/49€107k€46k▼
Amounts payable within one year42/48€107k€46k▼
Trade debts44€89k€43k▼
Suppliers440/4€89k€43k▼
Taxes, remuneration and social security45€18k€3k▼
Taxes450/3€18k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€224€173▼
Other operating charges640/8€572€744▲
Gross operating margin9900€27k€11k▼
Operating profit (loss)9901€27k€10k▼
Financial income75/76B€832€2k▲
Recurring financial income75€832€2k▲
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€23k€10k▼
Income taxes67/77€8k€3k▼
Profit (loss) for the period9904€15k€8k▼
Profit (loss) for the period to be appropriated9905€15k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€154k€162k▲
Profit (loss) brought forward from the previous period14P€139k€154k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 33 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €15k ▲15.6%
Operating result €27k, net result €15k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150kEq €160k ▲9.1%
5 profitable years in a row build equity to €160k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €7k ▼40.9%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vrijwilligerslaan 191160 OudergemGround area
208 m²
Building footprint
207 m²
Volume, LiDAR
2,178 m³
Parcel 21002A0170/00E004, Brussels · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Vrijwilligerslaan 19, 1160 Oudergem
since 20002.093.813.492
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0170/00E004 | Brussels | 208 m² | 1 · 207 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudergem2.093.813.492
Similar companies · same sector, comparable size
LOY TRANS
BE 0787.998.997
Schaarbeek · Eq €183k
EMEK RENT
BE 0546.598.760
Brussel · Eq €183k
GUNST KRIS
BE 0474.057.410
Oostkamp · Eq €183k
BVM TRANSPORT
BE 0761.872.741
Lochristi · Eq €183k
MAR@LAGO
BE 0867.518.807
Torhout · Eq €183k
Of 12,446 companies in sector 49410 we hold annual accounts for 8,087. 6,186 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-01-2000
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
61100Wired, wireless and satellite telecommunications
61200Telecommunications
64200Holdings
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.