Equity
NETCODE paid out €261,854 in dividends. That is 3,486% of the 2025 profit.
NETCODE paid out €261,854 in dividends. That is 3,486% of the 2025 profit.
The result fell in 2025 from €210,976 to €7,511.
Six of the last ten came late. The 2019 accounts came latest: 96 days after the end of the period.
In July 2024, 14,769 companies had the same profile as NETCODE has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
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 14,769 companies, not a prediction for NETCODE. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| NETCODE Lokeren | €0.9m | €25,142 | 63.7% | - |
| BOOM MANAGEMENT & COACHING Sint-Niklaas | €0.9m | €25,769 | 82.5% | - |
| SHV Consult Sint-Martens-Latem | €0.8m | €22,427 | 4.7% | - |
| EMMA LEVANTE Ghent | €0.9m | €27,438 | 31.7% | - |
| MIGPRIL Geraardsbergen | €1.1m | €25,937 | 80.7% | - |
| VAN NOOTEN EDDY Ravels | €0.9m | €24,506 | 80.8% | - |
| RSCOM Chaudfontaine | €0.9m | €23,719 | 74.5% | - |
These companies have the same main activity as NETCODE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €831,000 and €1.1m, founded between 2003 and 2007.
NETCODE files the abbreviated format. That format states no turnover. The gross margin fell from €65,033 in 2007 to €25,142 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €66,000. Estimated: probably between €40,000 and €97,000.
Higher than 61% of 10,633 companies in 2025.
Higher than 66% of 10,285 companies in 2025.
Higher than 30% of 10,548 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
869,738 | 941,082 | 805,939 | 719,725 | 575,432 | 524,812 | 456,187 | 483,009 | 336,296 | 314,239 | 311,939 | 381,780 | 339,858 | 486,238 | 472,744 | 440,843 | 413,864 | 329,030 | 172,990 | |
21/28 |
60,020 | 72,859 | 87,407 | 106,203 | 139,049 | 167,987 | 186,659 | 185,661 | 146,009 | 146,462 | 134,667 | 196,973 | 209,802 | 427,603 | 425,495 | 387,818 | 384,323 | 242,868 | 135,298 | |
22/27 |
60,020 | 72,859 | 87,407 | 106,203 | 139,049 | 167,987 | 186,659 | 165,661 | 126,009 | 126,462 | 134,667 | 130,238 | 144,855 | 427,603 | 425,495 | 387,818 | 384,323 | 242,868 | 135,298 | |
22 |
60,020 | 72,232 | 85,173 | 98,334 | 111,691 | 125,047 | 123,655 | 107,456 | 115,226 | 115,808 | 119,887 | 117,879 | 120,227 | 395,496 | 381,721 | 371,153 | 128,700 | 128,700 | 128,700 | |
23 |
- | - | 321 | 892 | 1,766 | 2,640 | 1,907 | 1,214 | 0 | 74 | 148 | 221 | 295 | 19 | 660 | 1,733 | 1,979 | 4,604 | 4,912 | |
24 |
- | 626 | 1,912 | 6,977 | 25,592 | 40,301 | 54,984 | 49,860 | 2,632 | 1,410 | 2,959 | 4,880 | 9,819 | 10,318 | 14,088 | 14,932 | 10,447 | 14,070 | 1,686 | |
26 |
- | - | - | - | - | - | 6,113 | 7,132 | 8,151 | 9,170 | 9,170 | - | - | - | - | - | - | - | - | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 243,197 | 95,494 | - | |
28 |
- | - | - | - | - | - | - | 20,000 | 20,000 | 20,000 | - | 66,735 | 64,947 | - | - | - | - | - | - | |
29/58 |
809,717 | 868,223 | 718,533 | 613,523 | 436,383 | 356,824 | 269,528 | 297,348 | 190,287 | 167,777 | 177,273 | 184,807 | 130,056 | 58,635 | 47,249 | 53,025 | 29,541 | 86,162 | 37,692 | |
29 |
216,703 | 265,975 | 15,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
216,703 | 265,975 | 15,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
22,532 | 130,795 | 147,509 | 237,408 | 94,188 | 109,268 | 153,196 | 158,072 | 82,967 | 51,034 | 15,104 | 22,214 | 16,804 | 25,993 | 23,634 | 18,979 | 20,336 | 24,829 | 5,162 | |
40 |
19,946 | 108,900 | 108,900 | 216,750 | 90,750 | 108,677 | 99,118 | 120,587 | 70,506 | 39,490 | 15,104 | 22,214 | 16,804 | 17,004 | 23,634 | 18,979 | 20,336 | 24,829 | 5,162 | |
41 |
2,585 | 21,895 | 38,609 | 20,658 | 3,438 | 591 | 54,078 | 37,485 | 12,462 | 11,544 | - | - | - | 8,989 | - | - | - | - | - | |
50/53 |
392,021 | 292,597 | 309,101 | 210,672 | 126,454 | 30,139 | 5,666 | 5,929 | 35,994 | 42,058 | 92,058 | 92,058 | - | - | - | - | - | - | - | |
54/58 |
178,412 | 174,944 | 246,673 | 165,442 | 215,741 | 217,417 | 103,508 | 126,606 | 52,779 | 54,987 | 70,110 | 70,535 | 113,253 | 32,642 | 23,615 | 34,046 | 9,205 | 61,333 | 32,530 | |
490/1 |
50 | 3,911 | - | - | - | - | 7,159 | 6,741 | 18,546 | 19,698 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
869,738 | 941,082 | 805,939 | 719,725 | 575,432 | 524,812 | 456,187 | 483,009 | 336,296 | 314,239 | 311,939 | 381,780 | 339,858 | 486,238 | 472,744 | 440,843 | 413,864 | 329,030 | 172,990 | |
10/15 |
554,226 | 808,569 | 680,293 | 564,891 | 408,041 | 362,311 | 275,520 | 279,271 | 196,570 | 142,507 | 143,011 | 109,829 | 160,743 | 196,884 | 154,916 | 117,640 | 79,184 | 52,137 | 26,808 | |
10/11 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | |
13 |
539,308 | 793,651 | 665,375 | 549,973 | 393,123 | 347,393 | 260,602 | 260,602 | 177,902 | 131,193 | 123,693 | 90,510 | 90,510 | 184,384 | 142,416 | 105,140 | 66,684 | 39,637 | 14,308 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | 18,650 | 96,150 | 96,150 | 96,150 | 129,333 | 121,833 | 88,650 | 88,650 | 88,650 | 69,900 | 51,400 | 32,650 | 19,150 | 7,150 | |
133 |
537,448 | 791,791 | 663,515 | 548,113 | 391,263 | 326,883 | 162,592 | 162,592 | 79,892 | - | - | - | - | 93,874 | 70,656 | 51,880 | 32,174 | 18,627 | 5,298 | |
14 |
2,418 | 2,418 | 2,418 | 2,418 | 2,418 | 2,418 | 2,418 | 6,169 | 6,169 | -1,186 | 6,819 | 6,819 | 57,733 | - | - | - | - | - | - | |
17/49 |
315,512 | 132,513 | 125,646 | 154,834 | 167,390 | 162,501 | 180,667 | 203,738 | 139,725 | 171,732 | 168,928 | 271,951 | 179,115 | 289,354 | 317,828 | 323,203 | 334,680 | 276,893 | 146,182 | |
17 |
8,438 | 19,688 | 30,938 | 42,188 | 58,704 | 80,379 | 101,912 | 87,188 | 98,438 | 109,688 | 120,938 | 139,046 | 157,495 | 175,618 | 193,430 | 177,188 | 188,437 | 199,688 | 110,937 | |
170/4 |
8,438 | 19,688 | 30,938 | 42,188 | 58,704 | 80,379 | 101,912 | 87,188 | 98,438 | 109,688 | 120,938 | 139,046 | 157,495 | 175,618 | 193,430 | 177,188 | 188,437 | 199,688 | 110,937 | |
42/48 |
307,074 | 112,825 | 94,709 | 112,647 | 108,687 | 82,122 | 70,073 | 116,551 | 41,288 | 62,045 | 47,990 | 132,905 | 21,620 | 104,206 | 118,437 | 139,482 | 146,243 | 77,205 | 35,245 | |
42 |
11,250 | 11,250 | 11,250 | 16,516 | 21,675 | 21,533 | 21,392 | 57,373 | 11,250 | 11,250 | 18,109 | 18,449 | 18,123 | 17,812 | 17,515 | 11,250 | 11,250 | 11,250 | 11,250 | |
43 |
- | - | - | - | - | 10,030 | 6,689 | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | 10,030 | 6,689 | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
3,727 | 16,889 | 2,487 | 7,022 | 19,505 | 8,534 | 33,347 | 16,468 | 12,906 | 5,839 | 8,361 | 6,380 | 1,968 | 1,240 | 9,097 | 32,975 | 23,893 | 27,034 | 12,828 | |
440/4 |
3,727 | 16,889 | 2,487 | 7,022 | 19,505 | 8,534 | 33,347 | 16,468 | 12,906 | 5,839 | 8,361 | 6,380 | 1,968 | 1,240 | 9,097 | 32,975 | 23,893 | 27,034 | 12,828 | |
45 |
34,132 | 81,636 | 77,558 | 73,189 | 63,787 | 42,025 | 8,645 | 42,710 | 17,132 | 10,283 | 17,091 | 38,603 | 1,530 | 12,357 | 8,233 | 8,518 | 22,134 | 23,920 | 5,651 | |
450/3 |
34,132 | 81,636 | 77,558 | 73,189 | 60,974 | 42,025 | 8,645 | 42,710 | 17,132 | 5,598 | 17,091 | 38,603 | 1,530 | 12,357 | 8,233 | 8,518 | 22,134 | 23,920 | 5,651 | |
454/9 |
- | - | - | - | 2,813 | - | - | - | - | 4,685 | - | - | - | - | - | - | - | - | - | |
47/48 |
257,965 | 3,051 | 3,413 | 15,919 | 3,720 | - | - | - | - | 34,673 | 4,429 | 69,474 | - | 72,797 | 83,592 | 86,739 | 88,966 | 15,001 | 5,516 | |
492/3 |
- | - | - | - | - | - | 8,682 | - | - | - | - | - | - | 9,530 | 5,961 | 6,533 | - | - | - | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | 67,068 | - | - | - | - | - | - | |
9900 |
25,142 | 325,341 | 264,998 | 270,404 | 151,156 | 194,659 | 61,395 | 119,820 | 108,348 | 44,950 | 67,558 | 83,429 | 69,396 | 115,673 | 110,852 | 100,992 | 111,237 | 65,235 | 65,033 | |
630 |
12,212 | 14,548 | 19,287 | 20,320 | 31,830 | 31,392 | 31,109 | 23,364 | 12,049 | 9,970 | 14,533 | 16,821 | 16,619 | 47,461 | 40,752 | 32,623 | 56,320 | 32,838 | 19,254 | |
635/8 |
- | - | - | - | - | - | - | - | 6,064 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
8,171 | 9,322 | 4,871 | 15,800 | 3,731 | 14,263 | 2,912 | 805 | 1,223 | 1,024 | 1,734 | 1,796 | 12,672 | - | 5,947 | 2,755 | 347 | 437 | 306 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22,195 | |
9901 |
4,759 | 301,472 | 240,840 | 234,284 | 115,594 | 149,004 | 27,374 | 95,651 | 89,012 | 33,956 | 51,291 | 64,813 | 40,105 | 68,212 | 64,153 | 65,614 | 54,570 | 31,960 | 45,473 | |
75/76B |
16,751 | 12,076 | 798 | 60 | 10,500 | 2,906 | 1,712 | 33,928 | 6,260 | 5,270 | 1,072 | 3,402 | 597 | 97 | 303 | 164 | 62 | 683 | 936 | |
75 |
16,751 | 12,076 | 798 | 60 | 10,500 | 2,906 | 1,712 | 33,928 | 6,260 | 5,270 | 1,072 | 3,402 | 597 | 97 | 303 | 164 | 62 | 683 | 936 | |
65/66B |
3,839 | 3,633 | 3,948 | 4,832 | 4,560 | 8,920 | 26,009 | 8,498 | 6,219 | 30,972 | 7,940 | 9,689 | 9,930 | 15,192 | 16,476 | 17,159 | 14,415 | 8,454 | 4,994 | |
65 |
3,839 | 3,633 | 3,948 | 4,832 | 4,560 | 8,920 | 5,746 | 6,036 | 6,219 | 30,972 | 7,940 | 9,689 | 9,930 | 15,192 | 16,476 | 17,159 | 14,415 | 8,454 | 4,994 | |
66B |
- | - | - | - | - | - | 20,263 | 2,462 | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
17,671 | 309,915 | 237,689 | 229,512 | 121,535 | 142,990 | 3,077 | 121,082 | 89,052 | 8,254 | 44,423 | 58,526 | 97,840 | 53,117 | 47,980 | 48,619 | 40,217 | 24,189 | 19,220 | |
67/77 |
10,159 | 98,939 | 75,579 | 72,662 | 42,621 | 56,200 | 6,828 | 38,382 | 34,988 | 8,759 | 11,240 | 19,440 | 40,107 | 11,148 | 10,704 | 10,163 | 13,170 | 94 | 4,912 | |
9904 |
7,511 | 210,976 | 162,111 | 156,850 | 78,913 | 86,791 | -3,751 | 82,700 | 54,064 | -505 | 33,183 | 39,086 | 57,733 | 41,969 | 37,276 | 38,456 | 27,047 | 24,095 | 14,308 | |
789 |
- | - | - | - | 18,650 | 77,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | 77,500 | - | - | - | 18,750 | 18,500 | 18,750 | 13,500 | 12,000 | 7,150 | |
9905 |
7,511 | 210,976 | 162,111 | 156,850 | 97,563 | 164,291 | -3,751 | 82,700 | 54,064 | -78,005 | 33,183 | 39,086 | 57,733 | 23,219 | 18,776 | 19,706 | 13,547 | 12,095 | 7,158 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
9,930 | 213,394 | 164,529 | 159,268 | 99,981 | 166,709 | 2,418 | 88,869 | 52,878 | -71,186 | 40,001 | 96,819 | 57,733 | 23,219 | 18,776 | 19,706 | 13,547 | 12,095 | 7,158 | |
14P |
2,418 | 2,418 | 2,418 | 2,418 | 2,418 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
261,854 | 82,700 | 46,709 | - | 33,183 | - | - | - | - | 70,000 | - | - | 93,874 | - | - | - | - | - | - | |
691/2 |
7,511 | 210,976 | 162,111 | 156,850 | 97,563 | 164,291 | - | 82,700 | 46,709 | - | 33,183 | - | - | 23,219 | 18,776 | 19,706 | 13,547 | 12,095 | 7,158 | |
6920 |
- | - | - | - | - | - | - | - | 46,709 | - | 33,183 | - | - | - | - | - | - | - | 1,860 | |
6921 |
7,511 | 210,976 | 162,111 | 156,850 | 97,563 | 164,291 | - | 82,700 | - | - | - | - | - | 23,219 | 18,776 | 19,706 | 13,547 | 12,095 | 5,298 | |
694/7 |
261,854 | 82,700 | 46,709 | - | 33,183 | - | - | - | - | - | - | 90,000 | 93,874 | - | - | - | - | - | - | |
694 |
261,854 | 82,700 | 46,709 | - | 33,183 | - | - | - | - | - | - | 90,000 | 93,874 | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 04-09-2026.
2025 annual accounts filed 35 days after the deadline. Filed on 4 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00501297.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 04-09-2026 | 2026-00501297 | |
| 31-12-2024 | abbreviated format | 23-07-2025 | 2025-00297459 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00281315 | |
| 31-12-2022 | abbreviated format | 16-06-2023 | 2023-00130861 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20420262 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-24600229 | |
| 31-12-2019 | micro format | 04-11-2020 | 2020-69100231 | |
| 31-12-2018 | micro format | 13-09-2019 | 2019-64100402 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-57800529 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-47900488 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-58800202 | |
| 31-12-2014 | abbreviated format | 27-08-2015 | 2015-51100242 | |
| 31-12-2013 | abbreviated format | 19-08-2014 | 2014-44000198 | |
| 31-12-2012 | abbreviated format | 26-06-2013 | 2013-21700387 | |
| 31-12-2011 | abbreviated format | 27-06-2012 | 2012-22400027 | |
| 31-12-2010 | abbreviated format | 19-07-2011 | 2011-31900297 | |
| 31-12-2009 | abbreviated format | 23-06-2010 | 2010-20900552 | |
| 31-12-2008 | abbreviated format | 26-06-2009 | 2009-30400348 | |
| 31-12-2007 | abbreviated format | 23-06-2008 | 2008-28600025 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16,971 | 316,020 | 260,127 | 254,604 | 147,425 | 180,396 | 58,483 | 119,015 | 101,060 | 43,926 | 65,824 | 81,633 | 56,724 | 115,673 | 104,905 | 98,237 | 110,890 | 64,798 | 64,727 | ||
| 19,723 | 225,524 | 181,398 | 177,170 | 110,743 | 118,183 | 27,358 | 106,064 | 66,113 | 9,465 | 47,716 | 55,906 | 74,352 | 89,430 | 78,028 | 71,079 | 83,367 | 56,933 | 33,562 | ||
| -626 | 0 | 825 | 753 | 2,891 | 12,858 | 52,106 | 63,016 | 11,595 | 21,765 | 18,962 | 19,024 | 77,048 | 49,569 | 78,428 | 36,118 | 197,775 | 140,408 | 176,746 | ||
| 3,468 | -71,729 | 81,231 | -50,299 | -1,676 | 113,910 | -23,098 | 73,827 | -2,208 | -15,123 | -425 | -42,718 | 80,611 | 9,027 | -10,431 | 24,841 | -52,128 | 28,803 | - | ||
| 502,643 | 755,397 | 623,824 | 500,876 | 327,697 | 274,702 | 199,455 | 180,797 | 148,999 | 105,732 | 129,282 | 51,902 | 108,436 | -45,571 | -71,188 | -86,457 | -116,702 | 8,957 | 2,447 | ||
| 63.7% | 85.9% | 84.4% | 78.5% | 70.9% | 69.0% | 60.4% | 57.8% | 58.5% | 45.3% | 45.8% | 28.8% | 47.3% | 40.5% | 32.8% | 26.7% | 19.1% | 15.8% | 15.5% | ||
| 2.64 | 7.70 | 7.59 | 5.45 | 4.02 | 4.35 | 3.85 | 2.55 | 4.61 | 2.70 | 3.69 | 1.39 | 6.02 | 0.56 | 0.40 | 0.38 | 0.20 | 1.12 | 1.07 | ||
| 0.57 | 0.16 | 0.18 | 0.27 | 0.41 | 0.45 | 0.66 | 0.73 | 0.71 | 1.21 | 1.18 | 2.48 | 1.11 | 1.47 | 2.05 | 2.75 | 4.23 | 5.31 | 5.45 | ||
| 1.4% | 26.1% | 23.8% | 27.8% | 19.3% | 24.0% | -1.4% | 29.6% | 27.5% | -0.4% | 23.2% | 35.6% | 35.9% | 21.3% | 24.1% | 32.7% | 34.2% | 46.2% | 53.4% | ||
| 0.9% | 22.4% | 20.1% | 21.8% | 13.7% | 16.5% | -0.8% | 17.1% | 16.1% | -0.2% | 10.6% | 10.2% | 17.0% | 8.6% | 7.9% | 8.7% | 6.5% | 7.3% | 8.3% | ||
| 4.42 | 86.98 | 65.88 | 52.69 | 32.33 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €825 | €753 | €2,891 |
| €12,212 | €14,548 | €19,287 | €20,320 | €31,830 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 98% lower than in 2024 and the lowest since 2007.
Debt's share of the balance-sheet total rises from 14.1% to 36.3%. Equity is lower and debt is higher.
NETCODE has no parent and no holdings in its annual accounts. is the only director.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Polenstraat 32 registered office 9160 Lokeren 62200 Computer consultancy and computer facilities management | 04-05-2006 | 2.153.568.858 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46007B0262/00E003 | 1,224 m² | 1 · 157 m² | 9.4 m · 2 |
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