Equity
€19,971 from €100,839 in 2022
Equity fell by 80% in 3 years.
NetCad
Lifetime
16 annual accounts with figures on one time axispeak €92,047 (2020)
-€6,931▲ €17,391
lowest -€35,675 (2024)
-€12,403▲ €23,271
peak €100,839 (2022)
€19,971▼ 38.3%
€18,005▲ 39.5%
Board2 names since 2001
1 director
Documentsfilings and deeds
24-06-202637 days before the deadline
2025micro format
Gross margin from -€24,321 to -€6,931Loss of €12,403Resignation: (director) 01-09Equity from €32,374 to €19,971Debts from €12,904 to €18,005Cash from €4,303 to €1,289
Key points
from the 2025 annual accountsLosses
-€80,868 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Position in the sector
-€12,403
Lower net result than 89% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as NetCad has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for NetCad. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0816728815
Resignation: (director)
Director discharge: (director (not named in the articles)) · General meeting of 31-07-2025 · Gazette deed
2 managers resigning, 2 directors reappointed
Resignations: (manager) and (manager) · Reappointments: (director) and (director) · Gazette deed
Incorporation
published on 06-07-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NetCad Pajottegem | €37,975 | -€6,931 | 52.6% | - |
| JVH Services Wetteren | €22,466 | -€1,547 | 70.2% | - |
| RK ELEC Braine-l'Alleud | €82,796 | €1,870 | 26.7% | - |
| KRYSTIAN BULACINSKI Aarschot | €67,248 | -€41,305 | 85.9% | - |
| FLEXIBEL Halle | €121,113 | -€474 | 94.8% | - |
| Meersman Kim Sint-Lievens-Houtem | €98,753 | -€11,212 | 61.3% | - |
| T&S Technics Hasselt | €15,994 | -€3,533 | 20.7% | - |
These companies have the same main activity as NetCad: electrical installation work in industrial facilities (NACE 43212). They are comparable in size and age: total assets between €16,000 and €121,000, founded between 2001 and 2017.
Official details
Source: KBO- Status
- Active since 02-07-2009Normal situation
- Activity
- Electrical installation work in industrial facilitiesNACE 43212
- Establishment unit
- 2.179.349.1811755 Pajottegem, since 02-07-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 28-10-2025
Annual accounts 2025
- €37,975▼ 16.1%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on NetCad
NetCad files the micro format. That format states no turnover. The gross margin fell from €91,151 in 2010 to -€6,931 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NetCad
- What is the company number of NetCad?
- The company number of NetCad is 0816.728.815. The VAT number is the same number with BE in front: BE 0816.728.815.
- Where is NetCad based?
- The registered office is at Blijkheerstraat 68, 1755 Pajottegem.Company details
- What does NetCad do?
- According to the KBO register, the main activity is electrical installation work in industrial facilities (NACE 43212).
- What is the legal form of NetCad?
- NetCad is a private limited company (BV).
- When was NetCad founded?
- NetCad was founded on 02-07-2009.
- Is NetCad still active?
- Yes, NetCad is an active enterprise in the KBO register.
- What is the turnover of NetCad?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is NetCad profitable?
- In financial year 2025, NetCad made a loss of €12,403.
- Where can I find the annual accounts of NetCad?
- NetCad filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NetCad due?
- NetCad must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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