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NETBEL

Active
Public limited companyfounded 1999active for 27 yearsWinston Churchilllaan 214, 1180 Ukkel, BelgiumKBO/BCE: BE 0466.248.712
Summary

NETBEL has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,345) and a net result of €63,546. Equity has been growing by about 34% per year since 2018. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 15-06-1999 Normal situation
Activity
No activity registered in the KBO
Establishment unit
2.091.980.192 1180 Ukkel, since 24-08-1999
Financial year end
31 December
Peppol
Reachable since 26-03-2026

Board and ownership

Board
  • Mykerinos S.A.Managing director · permanent representative Henri Reiter

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
-€7,475
▼ 130%
Profit
€63,546
▼ 22.7%
Equity
-€7,345
▲ 89.6%
Total assets
€1.3m
▲ 4.1%
  • Negative equity on 31-12-2025
Turnover not published (abbreviated or micro format)
Filed on 13-07-2026, 18 days before the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€7,345Liquidity: current ratio 54.50, cash €8,176lowers riskSize: total assets €1.3mFigures for financial year 2025 (filed on 13-07-2026)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 46% of micro companies without a NACE code
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 24+5
equity -0.6% of total assets
Liquidity 51+1
short-term debt 1.8% · cash 0.6%
Profitability 49+22
return on assets 4.8%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.0% 01-2025: 1.1%▲ +0.1 percentage points vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.0%▼ -0.1 percentage points vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.6%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.7%▼ -0.9 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.8%▲ +0.1 percentage points vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.7%▼ -0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.8%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.6 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is ample, with a current ratio of 54.5, above the usual 1.5. Short-term debt is 1.8% and cash 0.6% of total assets. However, equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 15% of them on solvency, 42% on liquidity, 36% on profitability and 92% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€7,345
NBB · annual accounts
raises risk · Liquidity: current ratio 54.50, cash €8,176
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 13-07-2026)
NBB · annual accounts
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 days early
2024
1 day late
2023
27 days late
2022
29 days late
2021
31 days late
2020
31 days late
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 13 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€7,345 View
  • Positive: Equity rose in 2025from -€70,892 to -€7,345 ▲ 89.6% View
  • Positive: 8 profitable years in a rowprofit 2025: €63,546 8 years View

Recent changes

  1. · Gazette deed Resignation: Jean-Charles Ullens de Schooten Whetnall (director)Appointment: Mykerinos S.A. (director and managing director) · Permanent representative: Henri Reiter
  2. · Gazette deed Reappointment: ULLENS de SCHOOTEN WHETNALL Jean Charles Antoine (director)
  3. · Gazette deed Incorporation
All 16 events

Key facts about NETBEL

What is the company number of NETBEL?
The company number of NETBEL is 0466.248.712. The VAT number is the same number with BE in front: BE 0466.248.712.
Where is NETBEL based?
The registered office is at Winston Churchilllaan 214, 1180 Ukkel.Company details
What is the legal form of NETBEL?
The legal form of NETBEL is Public limited company (NV).
When was NETBEL founded?
NETBEL was founded on 15-06-1999.
Is NETBEL still active?
Yes, NETBEL is an active enterprise in the KBO register.
What is the turnover of NETBEL?
The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
Is NETBEL profitable?
In financial year 2025, NETBEL made a profit of €63,546.
Where can I find the annual accounts of NETBEL?
NETBEL filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NETBEL due?
NETBEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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