Netced
ActiveSummary
Netced has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174k and a net result of €-6k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 39% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-54
Solvency72▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.71 in 2024; short-term debt: 36.5% and cash: 35.6% of total assets), and 53.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
22 d late
2023
15 d late
2022
31 d late
2021
11 d late
2020
31 d late
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€174k▼ 21.8%
2024 · €222k
2018: €190k
2019: €234k▲ +22.8% vs 2018
2020: €267k▲ +14.3% vs 2019
2021: €275k▲ +3.0% vs 2020highest in 8 years
2022: €248k▼ -9.8% vs 2021
2023: €238k▼ -4.0% vs 2022
2024: €222k▼ -6.8% vs 2023
2025: €174k▼ -21.8% vs 2024lowest in 8 years
2018 → 2025
Total assets
€372k▼ 20.3%
2024 · €466k
2018: €430k
2019: €417k▼ -3.0% vs 2018
2020: €444k▲ +6.6% vs 2019
2021: €507k▲ +14.1% vs 2020highest in 8 years
2022: €469k▼ -7.5% vs 2021
2023: €471k▲ +0.4% vs 2022
2024: €466k▼ -1.0% vs 2023
2025: €372k▼ -20.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€-6k
2024 · €42k
2018: €70khighest in 8 years
2019: €59k▼ -14.9% vs 2018
2020: €42k▼ -28.4% vs 2019
2021: €50k▲ +18.6% vs 2020
2022: €19k▼ -61.5% vs 2021
2023: €60k▲ +208% vs 2022
2024: €42k▼ -29.0% vs 2023
2025: €-6k▼ -114% vs 2024lowest in 8 years
2018 → 2025
Working capital
€65k▼ 47.1%
2024 · €122k
2018: €113k
2019: €152k▲ +34.6% vs 2018
2020: €184k▲ +21.4% vs 2019
2021: €188k▲ +2.3% vs 2020highest in 8 years
2022: €164k▼ -13.0% vs 2021
2023: €148k▼ -9.7% vs 2022
2024: €122k▼ -17.2% vs 2023
2025: €65k▼ -47.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€275k-€248k▼ 9.8%€238k▼ 4.0%€222k▼ 6.8%€174k▼ 21.8%
2021: €275khighest in 5 years
2022: €248k▼ -9.8% vs 2021
2023: €238k▼ -4.0% vs 2022
2024: €222k▼ -6.8% vs 2023
2025: €174k▼ -21.8% vs 2024lowest in 5 years
Operating result€72k-€28k▼ 60.6%€83k▲ 193%€60k▼ 28.6%€-7k
2021: €72k
2022: €28k▼ -60.6% vs 2021
2023: €83k▲ +193% vs 2022highest in 5 years
2024: €60k▼ -28.6% vs 2023
2025: €-7k▼ -112% vs 2024lowest in 5 years
Net result€50k-€19k▼ 61.5%€60k▲ 208%€42k▼ 29.0%€-6k
2021: €50k
2022: €19k▼ -61.5% vs 2021
2023: €60k▲ +208% vs 2022highest in 5 years
2024: €42k▼ -29.0% vs 2023
2025: €-6k▼ -114% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €60k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €372k
Fixed assets
€171k ▲ 0.3%
Current assets
€200k ▼ 32.2%
Equity and liabilities €372k
Equity
€174k ▼ 21.8%
Debt
€198k ▼ 19.0%
Debt's share of the balance-sheet total rises from 52.3% to 53.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €66k
Cash flow
€4k▼
2024 · €49k
Current ratio
1.48▼
2024 · 1.71
Debt to equity
1.14▲
2024 · 1.10
ROE
-3.4%▼
2024 · 19.1%
ROA
-1.6%▼
2024 · 9.1%
Interest coverage
1.15▼
2024 · 24.91
Debt ≤ 1 year
€136k▼
2024 · €173k
Debt > 1 year
€61k▼
2024 · €70k
Income taxes
€561▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€466k€372k▼
Fixed assets21/28€171k€171k▲
Tangible fixed assets22/27€171k€171k▲
Land and buildings22€165k€160k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€1k€9k▲
Current assets29/58€296k€200k▼
Amounts receivable within one year40/41€54k€62k▲
Trade receivables40€14k€22k▲
Other amounts receivable41€40k€40k=
Cash at bank and in hand54/58€233k€132k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€466k€372k▼
Equity10/15€222k€174k▼
Contributions10/11€6k€6k=
Reserves13€216k€174k▼
Distributable reserves133€216k€174k▼
Profit (loss) carried forward14-€-6k
Amounts payable17/49€244k€198k▼
Amounts payable after more than one year17€70k€61k▼
Financial debts170/4€70k€61k▼
Amounts payable within one year42/48€173k€136k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Taxes, remuneration and social security45€18k€11k▼
Taxes450/3€16k€9k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€144k€104k▼
Accrued charges and deferred income492/3€893€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€67k€3k▼
Operating profit (loss)9901€60k€-7k▼
Financial income75/76B€4k€4k=
Recurring financial income75€4k€4k=
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Non-recurring financial charges66B€22€16▼
Profit (loss) for the period before taxes9903€61k€-5k▼
Income taxes67/77€19k€561▼
Profit (loss) for the period9904€42k€-6k▼
Profit (loss) for the period to be appropriated9905€42k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€-6k▼
Transfer from equity791/2€58k€42k▼
Transfer to equity691/2€42k-
To other reserves6921€42k-
Profit to be distributed694/7€58k€42k▼
Return on contributions (dividend)694€58k€42k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | €6k | €6k | €10k | ▲ 52.9% |
| Other operating charges640/8 | €6k | €851 | €984 | €1k | €1k | ▼ 18.1% |
| Gross operating margin9900 | €85k | €36k | €91k | €67k | €3k | ▼ 95.1% |
| Operating profit (loss)9901 | €72k | €28k | €83k | €60k | €-7k | ▼ 112% |
| Financial income75/76B | €4k | €4k | €4k | €4k | €4k | = |
| Recurring financial income75 | €4k | €4k | €4k | €4k | €4k | = |
| Financial charges65/66B | €3k | €3k | €3k | €3k | €2k | ▼ 27.3% |
| Recurring financial charges65 | €3k | €3k | €3k | €3k | €2k | ▼ 27.3% |
| Non-recurring financial charges66B | - | - | €3 | €22 | €16 | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | €73k | €29k | €85k | €61k | €-5k | ▼ 109% |
| Income taxes67/77 | €23k | €10k | €25k | €19k | €561 | ▼ 97.0% |
| Profit (loss) for the period9904 | €50k | €19k | €60k | €42k | €-6k | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €50k | €19k | €60k | €42k | €-6k | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €507k | €469k | €471k | €466k | €372k | ▼ 20.3% |
| Fixed assets21/28 | €185k | €179k | €172k | €171k | €171k | ▲ 0.3% |
| Tangible fixed assets22/27 | €185k | €179k | €172k | €171k | €171k | ▲ 0.3% |
| Land and buildings22 | €181k | €176k | €170k | €165k | €160k | ▼ 3.2% |
| Plant, machinery and equipment23 | €1k | €799 | €320 | €4k | €3k | ▼ 37.5% |
| Furniture and vehicles24 | €2k | €2k | €2k | €1k | €9k | ▲ 610% |
| Current assets29/58 | €322k | €290k | €298k | €296k | €200k | ▼ 32.2% |
| Amounts receivable within one year40/41 | €133k | €112k | €126k | €54k | €62k | ▲ 14.3% |
| Trade receivables40 | €93k | €72k | €86k | €14k | €22k | ▲ 54.0% |
| Other amounts receivable41 | €40k | €40k | €40k | €40k | €40k | = |
| Cash at bank and in hand54/58 | €184k | €172k | €167k | €233k | €132k | ▼ 43.3% |
| Deferred charges and accrued income490/1 | €5k | €6k | €5k | €8k | €6k | ▼ 26.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €507k | €469k | €471k | €466k | €372k | ▼ 20.3% |
| Equity10/15 | €275k | €248k | €238k | €222k | €174k | ▼ 21.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €269k | €242k | €232k | €216k | €174k | ▼ 19.6% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €267k | €240k | €232k | €216k | €174k | ▼ 19.6% |
| Profit (loss) carried forward14 | - | - | - | - | €-6k | - |
| Amounts payable17/49 | €232k | €221k | €232k | €244k | €198k | ▼ 19.0% |
| Amounts payable after more than one year17 | €97k | €88k | €79k | €70k | €61k | ▼ 13.5% |
| Financial debts170/4 | €97k | €88k | €79k | €70k | €61k | ▼ 13.5% |
| Amounts payable within one year42/48 | €134k | €126k | €150k | €173k | €136k | ▼ 21.7% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €9k | €9k | €9k | ▲ 2.0% |
| Trade debts44 | €31k | €6k | €7k | €2k | €11k | ▲ 377% |
| Suppliers440/4 | €31k | €6k | €7k | €2k | €11k | ▲ 377% |
| Taxes, remuneration and social security45 | €21k | €48k | €41k | €18k | €11k | ▼ 36.8% |
| Taxes450/3 | €21k | €34k | €30k | €16k | €9k | ▼ 41.7% |
| Remuneration and social security454/9 | - | €14k | €12k | €2k | €2k | ▲ 1.9% |
| Other amounts payable47/48 | €73k | €65k | €93k | €144k | €104k | ▼ 27.9% |
| Accrued charges and deferred income492/3 | €893 | €6k | €3k | €893 | €2k | ▲ 70.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €19k | €60k | €42k | €-6k | ▼ 114% |
| + Depreciation and write-downs630 | €7k | €6k | €6k | €6k | €10k | ▲ 52.9% |
| Operating cash flow (approximation) | €58k | €26k | €66k | €49k | €4k | ▼ 92.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-5k | €-10k | ▼ 125% |
| Change in cash | - | €-12k | €-5k | €66k | €-101k | ▼ 253% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €234k ▲22.8%
2 profitable years in a row build equity to €234k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 76 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2013
Ground area
356 m²
Building footprint
325 m²
Volume, LiDAR
6,576 m³
Parcel 21443C0202/00Y002, Brussels · tallest building 23.1 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Auguste Rodinlaan 14/6, 1050 Elsene
since 20132.219.915.571
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0202/00Y002 | Brussels | 356 m² | 1 · 324 m² | 23.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
2549007PGR05L88Z8628
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,171 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.