Netapp Belgium

Active

Private limited companyfounded 200026 yrs activeDe Kleetlaan 5BC, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0471.921.826

Netapp Belgium has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €614k and a net result of €576k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 20% of 1413 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability39▼-21

Solvency28▼-15

Growth60▼-25

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €35k at 30 days acceptable

Liquidity ample (current ratio 4.76 against 6.8 in 2024; short-term debt: 20.8% and cash: 26.3% of total assets), but 97.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

2.7%

Return on assets

2.5%

Age of the figures

17 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1413 sector peers (2025).

NBB · sector comparison

Position among 1413 sector peers

Solvency

better than 20%

← weakest strongest →

Filed after the deadline

The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 30-01-2026, 61 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 filings

Deviation from the deadline

2025

61 d late

2024

48 d late

2023

7 d early

2022

21 d late

2021

8 d late

2020

46 d late

2019

20 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

30-04-2026 close22-09-2026 today30-11-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€22.71M▼ 8.9%

2024 · €24.94M

2022: €17.11M 2023: €22.58M 2024: €24.94M

2022 → 2025

EBIT margin

3.1%▼ 0.3pp

2024 · 3.3%

2022: 3.1% 2023: 3.0% 2024: 3.3%

2022 → 2025

Net result

€576k▼ 19.6%

2024 · €716k

2019: €329k 2020: €255k 2021: €310k 2022: €370k 2023: €480k 2024: €716k

2019 → 2025

Working capital

€17.67M▼ 5.0%

2024 · €18.60M

2019: €1.54M 2020: €6.49M 2021: €9.64M 2022: €13.89M 2023: €16.45M 2024: €18.60M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€17.11M€22.58M▲ 32.0%€24.94M▲ 10.5%€22.71M▼ 8.9%

Equity€2.28M-€2.65M▲ 16.2%€3.13M▲ 18.1%€3.85M▲ 22.9%€614k▼ 84.0%

Operating result€519k-€525k▲ 1.0%€688k▲ 31.2%€835k▲ 21.2%€701k▼ 16.0%

Net result€310k-€370k▲ 19.4%€480k▲ 29.9%€716k▲ 49.1%€576k▼ 19.6%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 16% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €22.60M

99.0%

Fixed assets €229k▲ 139%

Current assets €22.37M▲ 2.6%

Equity and liabilities €22.60M

97.3%

Equity €614k▼ 84.0%

Debt €21.99M▲ 21.8%

The debt ratio rises from 82.4% to 97.3%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€755k▼

2024 · €867k

Cash flow

€629k▼

2024 · €749k

Solvency

2.7%▼

2024 · 17.6%

Current ratio

4.76▼

2024 · 6.80

Quick ratio

4.76▼

2024 · 6.80

Debt / equity

35.81▲

2024 · 4.69

ROE

93.7%▲

2024 · 18.6%

ROA

2.5%▼

2024 · 3.3%

Debt

€21.99M▲

2024 · €18.06M

Debt ≤ 1 year

€4.70M▲

2024 · €3.21M

Income taxes

€196k▼

2024 · €247k

Staff costs

€3.61M▲

2024 · €2.79M

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€21.91M€22.60M▲

Fixed assets21/28€96k€229k▲

Tangible fixed assets22/27€46k€179k▲

Other tangible fixed assets26€46k€179k▲

Financial fixed assets28€50k€50k=

Other financial fixed assets284/8€50k€50k=

Amounts receivable and cash guarantees285/8€50k€50k=

Current assets29/58€21.81M€22.37M▲

Stocks and contracts in progress3€0€0=

Amounts receivable within one year40/41€5.70M€16.42M▲

Trade receivables40€1.26M€5.20M▲

Other amounts receivable41€4.44M€11.22M▲

Cash at bank and in hand54/58€15.88M€5.94M▼

Deferred charges and accrued income490/1€226k€14k▼

Equity and liabilities

Total equity and liabilities10/49€21.91M€22.60M▲

Equity10/15€3.85M€614k▼

Contributions10/11€6k€6k=

Reserves13€10k€10k=

Non-distributable reserves130/1€10k€10k=

Reserves not available under the articles1311€10k€10k=

Profit (loss) carried forward14€3.83M€597k▼

Amounts payable17/49€18.06M€21.99M▲

Amounts payable within one year42/48€3.21M€4.70M▲

Trade debts44€465k€11k▼

Suppliers440/4€465k€11k▼

Taxes, remuneration and social security45€2.74M€1.88M▼

Taxes450/3€1.93M€1.02M▼

Remuneration and social security454/9€810k€863k▲

Other amounts payable47/48€0€2.81M▲

Accrued charges and deferred income492/3€14.85M€17.29M▲

Income statement Code20242025

Operating income70/76A€24.99M€22.72M▼

Turnover70€24.94M€22.71M▼

Other operating income74€49k€0▼

Non-recurring operating income76A-€6k

Operating charges60/66A€24.15M€22.02M▼

Goods for resale, raw materials and consumables60€20.92M€17.94M▼

Purchases600/8€20.92M€17.94M▼

Services and other goods61€414k€413k▼

Remuneration, social security and pensions62€2.79M€3.61M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€54k▲

Other operating charges640/8€20€41▲

Operating profit (loss)9901€835k€701k▼

Financial income75/76B€172k€179k▲

Recurring financial income75€172k€179k▲

Income from current assets751€152k€159k▲

Other financial income752/9€20k€20k▲

Financial charges65/66B€44k€109k▲

Recurring financial charges65€44k€109k▲

Debt charges650€5k€0▼

Other financial charges652/9€38k€109k▲

Profit (loss) for the period before taxes9903€963k€772k▼

Income taxes67/77€247k€196k▼

Taxes670/3€247k€196k▼

Profit (loss) for the period9904€716k€576k▼

Profit (loss) for the period to be appropriated9905€716k€576k▼

Appropriation of the result

Profit (loss) to be appropriated9906€3.83M€4.41M▲

Profit (loss) brought forward from the previous period14P€3.11M€3.83M▲

Profit to be distributed694/7-€3.81M

Return on contributions (dividend)694-€3.81M

Social balance

Average headcount (FTE)90878.811.1▲

The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 50Financial 4Gazette 36Filings 10

Next filing, fiscal year 2026, expected by 30-11-2026

2026

10-02

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 29 januari 2026
Auditor appointment, Deloitte Bedrijfsrevisoren BV (commissaris)

30-01

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 61 days late

06-01

State Gazette act Registered office

Board meeting · Registered-office move2 facts ▸

Board meeting, 23/12/2025
Registered-office move, De Kieetlaan 5BC, 1831 Diegem

2025

06-02

State Gazette act Resignations & appointments

Board meeting · Power of attorney2 facts ▸

Board meeting, 23/01/2025
Power of attorney, Andres Morales

17-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 48 days late

15-01

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 27/11/2024
Auditor appointment, Deloitte Bedrijfsrevisoren BV (commissaris)

2024

30-04

Financial Highest result since 2019net €716k ▲49.1%

Operating result €835k, net result €716k, both a record.

2023

23-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema

22-09

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment3 facts ▸

General meeting, 12/09/2023
Director resignation, Robert Alan Parks (bestuurder)
Director appointment, Maria Murillo (bestuurder)

17-04

State Gazette act Resignations & appointments

Board meeting · Power of attorney3 facts ▸

Board meeting, 29/03/2023
Power of attorney, Kaushal Khandelwal
Power of attorney, Vikash Dhariwal

21-02

State Gazette act Registered office

Board meeting · Registered-office move2 facts ▸

Board meeting, 10/02/2023
Registered-office move, De Kleetlaan 4, 1831 Diegem

2022

21-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 21 days late

30-09

State Gazette act Resignations & appointments

Board meeting · Permanent representative · Power of attorney3 facts ▸

Board meeting, 20/09/2022
Permanent representative, Nico Houthaeve
Power of attorney, Ad-Ministerie BV

15-09

State Gazette act Resignations & appointments

Board meeting · Power of attorney3 facts ▸

Board meeting, 02/09/2022
Power of attorney, Bernardus Johannes Raoul Bak
Power of attorney, Kaushal Khandelwal

07-09

State Gazette act Statutes amendment · Legal-form change

General meeting · Name change · Statutes amendment6 facts ▸

General meeting, 26/08/2022
Name change, Netapp Belgium
Statutes amendment
Statutes amendment
Corporate purpose, Het voorzien van ondersteuning en marketing diensten gerelateerd aan computer hardware en softwareproducten. De vennootschap kan deelnemingen verwerven in alle…
Statutes amendment

24-06

State Gazette act Registered office

Board meeting · Registered-office move2 facts ▸

Board meeting, 15/06/2022
Registered-office move, Pegasuslaan 5, 1831 Diegem

17-01

State Gazette act Registered office

Board meeting · Registered-office move · Power of attorney3 facts ▸

Board meeting, 04/01/2022
Registered-office move, Rond Point Schuman 6 b5, 1040 Brussel
Power of attorney, Ad-Ministerie BV

2021

10-12

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative4 facts ▸

General meeting, 01/12/2021
Auditor appointment, Deloitte Bedrijfsrevisoren BV (commissaris)
Permanent representative, Luc Van Coppenolle
Mandate term, 3 opeenvolgende boekjaren, eindigend onmiddellijk na de gewone algemene vergadering van aandeelhouders die beslist over de goedkeuring van de jaarrekening over…

08-12

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 8 days late

12-11

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2021-09-20
Director resignation, Stephen Faulkner (bestuurder)
Director appointment, Robert Alan Parks (bestuurder)
Mandate compensation, Robert Alan Parks

30-04

Financial Liquidity triplescurrent ratio 6.63

Current ratio from 2.62 to 6.63; short-term debt falls from €4.02M to €1.71M.

30-04

Financial Equity above €2MEq €2.28M ▲15.7%

3 profitable years in a row build equity to €2.28M.

23-03

State Gazette act Resignations & appointments

Board meeting · Power of attorney3 facts ▸

Board meeting, 03/03/2021
Power of attorney, Lionel Richard Jacques Leroy
Power of attorney, Jack Van Eijk

15-01

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 46 days late

2020

30-04

Financial Weakest financial yearnet €255k ▼22.5%

Net result drops to €255k, the lowest in the series; recovery starts the following year.

2019

20-12

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 20 days late

13-12

State Gazette act Resignations & appointments

Board meeting · Power of attorney3 facts ▸

Board meeting, 19/11/2019
Power of attorney, Timothy Derek Webb
Power of attorney, Lionel Richard Jacques Leroy (bijzondere volmachthouder)

14-05

State Gazette act Resignations & appointments

Power of attorney1 fact ▸

Power of attorney, Bernardus Johannes Raoul Bak

2018

21-12

State Gazette act Resignations & appointments

Board meeting · Power of attorney · Permanent representative5 facts ▸

Board meeting, 11/12/2018
Power of attorney, Timothy Derek Webb
Power of attorney, Timothy Derek Webb
Power of attorney, Rene Janzen
Permanent representative, Adriaan de Leeuw

27-11

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative5 facts ▸

General meeting, 31/10/2018
Auditor appointment, Deloitte Bedrijfsrevisoren BCVBA (commissaris)
Permanent representative, Luc VAN COPPENOLLE
Mandate term, 3 opeenvolgende boekjaren, eindigend na de gewone algemene vergadering van vennoten die zal beraadslagen over de goedkeuring van de jaarrekening over het boekja…
Power of attorney, Ad-Ministerie BVBA

27-11

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

30-04

State Gazette act Resignations & appointments

Board meeting · Power of attorney3 facts ▸

Board meeting, 12/04/2018
Power of attorney, Ad-Ministerie BVBA
Power of attorney, Bernardus Johannes Brand

2017

11-12

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 11 days late

2016

25-11

NBB filing Annual accounts filed

fiscal year 2016 · full schema

16-11

State Gazette act Resignations & appointments

Board meeting · Power of attorney2 facts ▸

Board meeting, 28/10/2016
Power of attorney, Servais Willie Ngabo Wandja

03-06

State Gazette act Resignations & appointments

Manager decision · Power of attorney2 facts ▸

Manager decision, 12/05/2016
Power of attorney, Derrick Ferdinand Mark Struys

25-05

State Gazette act Resignations & appointments

General meeting · Director resignation2 facts ▸

General meeting, 06/04/2016
Director resignation, Maurits Star Busmann (zaakvoerder)

21-04

State Gazette act Resignations & appointments

Board meeting · Power of attorney3 facts ▸

Board meeting, 18/01/2016
Power of attorney, Bernardus Johannes Brand
Power of attorney, Timothy Derek Webb

2015

01-12

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment8 facts ▸

General meeting, 30/10/2015
Director resignation, Fritz MEIJAARD (zaakvoerder)
Director resignation, Todd PARMACEK (zaakvoerder)
Director appointment, Stephen Faulkner (zaakvoerder)
Mandate compensation, Stephen Faulkner
Auditor appointment, Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA (commissaris)
Permanent representative, Luc VAN Coppenolle
Mandate term, 3 opeenvolgende boekjaren, eindigend na de gewone algemene vergadering van vennoten te houden in 2018 tot goedkeuring van de jaarrekening over het boekjaar eind…

2014

31-07

State Gazette act Resignations & appointments

General meeting · Director appointment · Mandate compensation8 facts ▸

General meeting, 15/07/2014
Director appointment, Maurits STAR BUSMANN (zaakvoerder)
Director appointment, Todd PARMACEK (zaakvoerder)
Mandate compensation, Maurits STAR BUSMANN
Mandate compensation, Todd PARMACEK
Power of attorney, Mathieu LOQUET
Power of attorney, Tiffany PHILIPS
Power of attorney, Ad-Ministerie

2013

28-06

State Gazette act Resignations & appointments

Power of attorney1 fact ▸

Power of attorney, Johnny Marit

08-03

State Gazette act Resignations & appointments

Board meeting · Power of attorney2 facts ▸

Board meeting, 25/02/2013
Power of attorney, Stephaan Schampaert

11-01

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative3 facts ▸

General meeting, 26/11/2012
Auditor appointment, Deloitte Bedrijfsrevisoren (commissaris)
Permanent representative, Luc Van Coppenolle

2012

09-05

State Gazette act Resignations & appointments

Board meeting · Power of attorney4 facts ▸

Board meeting, 24/04/2012
Power of attorney, Stephaan Schampaert (speciale gevolmachtigde)
Power of attorney, Derrick Struy (speciale gevolmachtigde)
Power of attorney, Johnny Marit (speciale gevolmachtigde)

14-03

State Gazette act Resignations & appointments

Board meeting · Power of attorney2 facts ▸

Board meeting, 23/02/2012
Power of attorney, Jan Vleminckx

2011

07-06

State Gazette act Resignations & appointments

General meeting · Director resignation · Director discharge5 facts ▸

General meeting, 30/04/2011
Director resignation, Volker Weisshaar (zaakvoerder)
Director discharge, Volker Weisshaar
Power of attorney, Anthony Van der Hauwaert
Power of attorney, Tarik Hennen

2010

08-01

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 30/10/2009
Auditor appointment, DELOITTE Bedrijfsrevisoren (commissaris)

2008

25-07

State Gazette act Statutes amendment

Name change1 fact ▸

Name change, NetApp Belgium BVBA

2007

04-06

State Gazette act Registered office

General meeting · Registered-office move2 facts ▸

General meeting, 17-04-2007
Registered-office move, 1831 Diegem, Culliganlaan, 2, Gebouw D

2004

08-10

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 16/08/2004
Director resignation, Pieter Jan Veenhuizen (zaakvoerder)
Director appointment, David Patrick LINEHAN (zaakvoerder)
Mandate compensation, David Patrick LINEHAN

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 directors, no change since 2023

Maria Murillo

Director · since 15-09-2023

Current

David Patrick LINEHAN

Manager · since 01-08-2004

Not recently confirmed

15-09-2023 Maria Murillo: Appointed as Director

15-09-2023 Robert Alan Parks: Resigned as Director

15-06-2021 Robert Alan Parks: Appointed as Director

15-06-2021 Stephen Faulkner: Resigned as Director

06-04-2016 Maurits Star Busmann: Resigned as Manager

30-10-2015 Stephen Faulkner: Appointed as Manager

30-10-2015 Fritz MEIJAARD: Resigned as Manager

30-10-2015 Todd PARMACEK: Resigned as Manager

15-07-2014 Maurits Star Busmann: Appointed as Manager

15-07-2014 Todd PARMACEK: Appointed as Manager

07-06-2011 Volker Weisshaar: Resigned as Manager

01-08-2004 David Patrick LINEHAN: Appointed as Manager

01-08-2004 Pieter Jan Veenhuizen: Resigned as Manager

Location & real-estate footprint

Registered office, Machelen (Brab.) · 1 establishment unit since 2000

establishment The establishment unit on the map

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.

De Kleetlaan 5BC1831 Machelen (Brab.)

Ground area

8,806 m²

Building footprint

1,328 m²

Volume, LiDAR

28,306 m³

Parcel 23015B0091/00Z003, Flanders · tallest building 26.1 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

Netapp Belgium bvba

De Kleetlaan 5BC, 1831 Machelen (Brab.)Scientific research and development

since 20002.099.627.455

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23015B0091/00Z003	Flanders	8,805 m²	1 · 1,328 m²	26.1 m · 7 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.

Statutory auditor

4 auditors

DELOITTE Bedrijfsrevisoren BVCurrent

Statutory auditor

10-12-2021 → present

Show 3 earlier auditors

Deloitte Bedrijfsrevisoren Statutory auditor · represented by Luc Van Coppenolle succeeded by Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA in 2015	08-01-2010 → 01-12-2015
Deloitte Bedrijfsrevisoren BCVBA Statutory auditor · represented by Luc VAN COPPENOLLE succeeded by DELOITTE Bedrijfsrevisoren BV in 2021	27-11-2018 → 10-12-2021
Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA Statutory auditor · represented by Luc VAN Coppenolle succeeded by Deloitte Bedrijfsrevisoren BCVBA in 2018	01-12-2015 → 27-11-2018