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NETBEL

Active
Public limited companyfounded 199927 yrs activeWinston Churchilllaan 214, 1180 Ukkel, BelgiumKBO/BCE: BE 0466.248.712

NETBEL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-7k) and a net result of €64k. Equity is growing by ~34% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
30 / 100
Weak▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency67=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 54.5), but equity is negative.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · 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
elevated failure risk from 2 to 8 years 27 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
1 d late
2023
27 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
7 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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, abbreviated schema

Equity
€-7k▲ 89.6%
2024 · €-71k
2018: €-836k 2019: €-734k 2020: €-586k 2021: €-441k 2022: €-313k 2023: €-153k 2024: €-71k
2018 → 2025
Total assets
€1.33M▲ 4.1%
2024 · €1.28M
2018: €882k 2019: €2.11M 2020: €1.94M 2021: €1.49M 2022: €1.05M 2023: €1.25M 2024: €1.28M
2018 → 2025
Net result
€64k▼ 22.7%
2024 · €82k
2018: €87k 2019: €102k 2020: €148k 2021: €146k 2022: €127k 2023: €160k 2024: €82k
2018 → 2025
Working capital
€1.31M▲ 2.2%
2024 · €1.28M
2022: €950k 2023: €1.25M 2024: €1.28M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€-441k-€-313k▲ 28.9%€-153k▲ 51.1%€-71k▲ 53.7%€-7k▲ 89.6%
Operating result€15k-€16k▲ 11.3%€17k▲ 5.5%€-4k€-8k▼ 97.6%
Net result€146k-€127k▼ 12.4%€160k▲ 25.7%€82k▼ 48.7%€64k▼ 22.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-50k€0€50k€100k€150kOperating result 2021: €15k€15kNet result 2021: €146k€146kOperating result 2022: €16k€16kNet result 2022: €127k€127kOperating result 2023: €17k€17kNet result 2023: €160k€160kOperating result 2024: €-4k€-4kNet result 2024: €82k€82kOperating result 2025: €-8k€-8kNet result 2025: €64k€64k20212022202320242025
The operating result stays negative: a loss of €8k in 2025 against €4k in 2024; the loss grows and 2025 is the lowest year so far.
Key figures and ratios
2025 value · change against 2024
Solvency
-0.6%
2024 · -5.5%
Current ratio
54.50
Quick ratio
54.50
ROE
-865.1%
2024 · -116.0%
ROA
4.8%
2024 · 6.4%
Debt
€1.34M
2024 · €1.35M
Debt ≤ 1 year
€24k
2024 · €273
Debt > 1 year
€1.31M
2024 · €1.35M
Income taxes
€14k
A ratio outside any meaningful range has been withheld (balance sheet total €1.33M, equity €-7k).
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€1.28M€1.33M
Current assets29/58€1.28M€1.33M
Amounts receivable after more than one year29€980k€980k=
Other amounts receivable291€980k€980k=
Amounts receivable within one year40/41€29k€27k
Trade receivables40€12k€12k
Other amounts receivable41€17k€15k
Cash at bank and in hand54/58€2k€8k
Deferred charges and accrued income490/1€269k€316k
Equity and liabilities
Total equity and liabilities10/49€1.28M€1.33M
Equity10/15€-71k€-7k
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-133k€-69k
Amounts payable17/49€1.35M€1.34M
Amounts payable after more than one year17€1.35M€1.31M
Other amounts payable178/9€1.35M€1.31M
Amounts payable within one year42/48€273€24k
Trade debts44€273-
Suppliers440/4€273-
Taxes, remuneration and social security45-€14k
Taxes450/3-€14k
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3€300€750
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67-
Other operating charges640/8€968€998
Gross operating margin9900€-3k€-7k
Operating profit (loss)9901€-4k€-8k
Financial income75/76B€87k€87k
Recurring financial income75€87k€87k
Financial charges65/66B€132€138
Recurring financial charges65€132€138
Profit (loss) for the period before taxes9903€82k€78k
Income taxes67/77-€14k
Profit (loss) for the period9904€82k€64k
Profit (loss) for the period to be appropriated9905€82k€64k
Appropriation of the result
Profit (loss) to be appropriated9906€-133k€-69k
Profit (loss) brought forward from the previous period14P€-215k€-133k

The notes to these accounts (2 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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet €64k ▼22.7%
Net result drops to €64k, the lowest in the series.
01-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial Liquidity triplescurrent ratio 4685.38
Current ratio from 1359.99 to 4685.38; short-term debt falls from €920 to €273.
27-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial Highest result since 2018net €160k ▲25.7%
Operating result €17k, net result €160k, both a record.
31-12
Financial Liquidity times 128current ratio 1359.99
Current ratio from 10.65 to 1359.99; short-term debt falls from €98k to €920.
29-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
22-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
26-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
17-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
3 directors, no change since 2025
Mykerinos S.A.
Director · since 26-05-2025 · Legal entity
Current
26-05-2025 Mykerinos S.A.: Appointed as Director
26-05-2025 Mykerinos S.A.: Appointed as Managing director
26-05-2025 Jean-Charles Ullens de Schooten Whetnail: Resigned as Managing director
26-05-2025 Jean-Charles Ullens de Schooten Whetnall: Resigned as Director
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1999
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.

Winston Churchilllaan 2141180 Ukkel
Ground area
1,064 m²
Building footprint
287 m²
Volume, LiDAR
7,104 m³
Parcel 21612C0056/02V090, Brussels · tallest building 28.3 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Winston Churchilllaan 214, 1180 Ukkel
NACE 5245002
since 19992.091.980.192
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21612C0056/02V090 Brussels 1,064 m² 1 · 287 m² 28.3 m · 8 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.

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded15-06-1999
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.