NetCad
ActiveThe annual accounts of NetCad for fiscal year 2024 show a net loss of 79% of total assets and of 52% of the equity at the start of that year. The 2024 annual accounts show equity of €32k and a net result of €-36k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 77% of 36373 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency96▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 7.2 against 4.39 in 2023; short-term debt: 9.3% and cash: 9.5% of total assets), and 28.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.5%
Return on assets
-78.8%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-36k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
30 d late
2022
25 d late
2021
31 d early
2020
31 d early
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€32k▼ 52.4%
2023 · €68k
2018: €77k
2019: €71k
2020: €80k
2021: €85k
2022: €101k
2023: €68k
2018 → 2024
Total assets
€45k▼ 52.0%
2023 · €94k
2018: €117k
2019: €124k
2020: €158k
2021: €170k
2022: €159k
2023: €94k
2018 → 2024
Net result
€-36k▼ 8.8%
2023 · €-33k
2018: €13k
2019: €15k
2020: €57k
2021: €5k
2022: €16k
2023: €-33k
2018 → 2024
Working capital
€26k▼ 52.0%
2023 · €54k
2018: €57k
2019: €54k
2020: €65k
2021: €60k
2022: €82k
2023: €54k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€80k-€85k▲ 6.3%€101k▲ 18.7%€68k▼ 32.5%€32k▼ 52.4%
Operating result€83k-€6k▼ 92.7%€24k▲ 294%€-32k€-35k▼ 8.5%
Net result€57k-€5k▼ 91.2%€16k▲ 216%€-33k€-36k▼ 8.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2024 against €32k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45k
Fixed assets
€15k▼ 37.7%
Current assets
€30k▼ 57.0%
Equity and liabilities €45k
Equity
€32k▼ 52.4%
Debt
€13k▼ 51.0%
The debt ratio rises from 27.9% to 28.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-25k▼
2023 · €-22k
Cash flow
€-27k▼
2023 · €-23k
Solvency
71.5%▼
2023 · 72.1%
Current ratio
7.20▲
2023 · 4.39
Quick ratio
6.84▲
2023 · 3.79
Debt / equity
0.40▲
2023 · 0.39
ROE
-110.2%▼
2023 · -48.2%
ROA
-78.8%▼
2023 · -34.7%
Interest coverage
-22.57▼
2023 · -18.70
Debt
€13k▼
2023 · €26k
Debt ≤ 1 year
€4k▼
2023 · €16k
Debt > 1 year
€9k▼
2023 · €10k
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€94k€45k▼
Fixed assets21/28€24k€15k▼
Tangible fixed assets22/27€24k€15k▼
Plant, machinery and equipment23€4k€140▼
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€16k€13k▼
Current assets29/58€70k€30k▼
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Stocks and contracts in progress3€10k€2k▼
Stocks30/36€10k€2k▼
Amounts receivable within one year40/41€18k€23k▲
Trade receivables40€10k€5k▼
Other amounts receivable41€8k€18k▲
Cash at bank and in hand54/58€43k€4k▼
Deferred charges and accrued income490/1-€883
Equity and liabilities
Total equity and liabilities10/49€94k€45k▼
Equity10/15€68k€32k▼
Contributions10/11€6k€6k=
Reserves13€94k€92k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€92k€92k=
Profit (loss) carried forward14€-32k€-66k▼
Amounts payable17/49€26k€13k▼
Amounts payable after more than one year17€10k€9k▼
Financial debts170/4€10k€9k▼
Amounts payable within one year42/48€16k€4k▼
Current portion of amounts payable after more than one year42€2k€2k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€1k€6▼
Taxes450/3€1k€6▼
Other amounts payable47/48€8k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-21k€-24k▼
Operating profit (loss)9901€-32k€-35k▼
Financial income75/76B€245€47▼
Recurring financial income75€245€47▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-33k€-36k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-33k€-36k▼
Profit (loss) for the period to be appropriated9905€-33k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-68k▼
Profit (loss) brought forward from the previous period14P-€-32k
Transfer from equity791/2€467€2k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €100kEq €101k ▲18.7%
5 profitable years in a row build equity to €101k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €57k ▲289%
Operating result €83k, net result €57k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Pajottegem · 1 establishment unit since 2009
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.
Blijkheerstraat 681755 PajottegemGround area
1,182 m²
Building footprint
207 m²
Volume, LiDAR
889 m³
Parcel 23058A0358/00R000, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NetCad
since 20092.179.349.181
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23058A0358/00R000 | Flanders | 1,182 m² | 1 · 207 m² | 8.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 53 EUR awarded · 53 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 53 EUR | 53 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,123 companies in sector 43212 we hold annual accounts for 420. 344 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2009
Fiscal year end31-12
Activities, NACEBEL
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.