NET@SEC
InactiveNET@SEC was declared bankrupt on 18-03-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 02-09-2025, published in the Belgian State Gazette on 05-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 24-11-2023, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
68 d early
2022
53 d early
2021
39 d early
2020
4 d early
2019
64 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€0
2022 · €0
2021: €0
2022: €0
2021 → 2023
Total assets
€40k▼ 16.1%
2022 · €48k
2019: €28k
2020: €35k
2021: €43k
2022: €48k
2019 → 2023
Net result
€-4k
2022 · €2k
2019: €448
2020: €5k
2021: €8k
2022: €2k
2019 → 2023
Working capital
€35k▼ 7.9%
2022 · €38k
2019: €24k
2020: €29k
2021: €34k
2022: €38k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€0€0€0
Equity€24k-€29k▲ 21.4%€36k▲ 27.5%€39k▲ 6.8%€35k▼ 9.3%
Operating result€474-€5k▲ 967%€8k▲ 55.9%€3k▼ 67.7%€-4k
Net result€448-€5k▲ 1,023%€8k▲ 56.1%€2k▼ 68.3%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €4k after €3k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €40k
Fixed assets
€676 ▼ 57.1%
Current assets
€40k ▼ 14.7%
Equity and liabilities €40k
Equity
€35k ▼ 9.3%
Debt
€5k ▼ 44.8%
Debt's share of the balance-sheet total falls from 18.9% to 12.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2022 · €3k
Cash flow
€-3k▼
2022 · €3k
Current ratio
7.91▲
2022 · 5.26
Debt to equity
0.14▼
2022 · 0.23
ROE
-10.3%▼
2022 · 6.4%
ROA
-9.0%▼
2022 · 5.2%
Interest coverage
-62.57▼
2022 · 58.62
Debt ≤ 1 year
€5k▼
2022 · €9k
Staff costs
€78k▲
2022 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 41 lines
Balance sheet
Code20222023
Assets
Total assets20/58€48k€40k▼
Fixed assets21/28€2k€676▼
Intangible fixed assets21€687€303▼
Tangible fixed assets22/27€889€372▼
Plant, machinery and equipment23€889€372▼
Furniture and vehicles24€0€0=
Current assets29/58€46k€40k▼
Amounts receivable within one year40/41€30k€32k▲
Trade receivables40-€184
Other amounts receivable41€30k€32k▲
Cash at bank and in hand54/58€14k€6k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€48k€40k▼
Equity10/15€39k€35k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€9k€5k▼
Amounts payable17/49€9k€5k▼
Amounts payable within one year42/48€9k€5k▼
Trade debts44€3k€184▼
Suppliers440/4€3k€184▼
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€300€135▼
Remuneration and social security454/9€5k€5k▼
Accrued charges and deferred income492/3€250€0▼
Income statement
Code20222023
Turnover70€0€0=
Non-recurring operating income76A-€1k
Goods, raw materials, services and sundry goods60/61€0€0=
Remuneration, social security and pensions62€68k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€900€900=
Other operating charges640/8€678€706▲
Gross operating margin9900€73k€76k▲
Operating profit (loss)9901€3k€-4k▼
Financial income75/76B€0€96▲
Recurring financial income75€0€96▲
Financial charges65/66B€59€45▼
Recurring financial charges65€59€45▼
Profit (loss) for the period before taxes9903€2k€-4k▼
Profit (loss) for the period9904€2k€-4k▼
Profit (loss) for the period to be appropriated9905€2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€5k▼
Profit (loss) brought forward from the previous period14P€6k€9k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-09
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · HESBAYE TITRES- SERVICES SRL RUE DU CHATEAU 34, 4357 DONCEEL. déclarée le 18 mars 2024 · event 02-09-2025
2024
22-03
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · HESBAYE TITRES-SERVICES SRL RUE DU CHATEAU 34, 4357 DONCEEL · event 18-03-2024
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-4k ▼246%
Net result drops to €-4k, the lowest in the series.
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €8k ▲56.1%
Operating result €8k, net result €8k, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
17-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS LIGOT PLACE DU HAUT PRE, 10,
4000 LIEGE 1 |
18-03-2024 → 02-09-2025 |
| Curator | THIERRY CAVENAILE PLACE DU HAUT PRE 10, 4000 LIEGE 1 |
18-03-2024 → 02-09-2025 |