NETCOM SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of NETCOM SOLUTIONS is 5.0% (elevated). The 2025 annual accounts show negative equity (-€18,588) and a net result of -€56,800. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 12,661 sector peers (NACE 47, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 2 FTE
- Equity
- -€18,588
- Loss
- -€56,800
Why 35raises riskLoss of €56,800 (financial year 2025)Negative equity -€18,588Sector: Retail trade (NACE 47)lowers riskSize: 2 FTE, total assets €248,713Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 47, micro): better than 17% on solvency, 7% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: KRANDA Cihan (director)Appointment: KRANDA Cihan (director) ·…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00459878.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €55,813 after €88,164 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.4% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,130 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €114,557 | €116,086 | €130,428 | €140,562 | €159,432 | ▲ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,599 | €2,772 | €2,516 | €4,311 | €3,919 | €3,950 | €3,320 | €11,300 | ▲ 240% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€31,641 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €26,332 | €1,421 | €821 | €917 | €643 | ▼ 29.9% |
| Non-recurring operating charges66A | - | - | - | €3,581 | €15,713 | €8,000 | €0 | - | - |
| Gross operating margin9900 | €361,276 | €216,556 | €121,648 | €67,226 | €94,284 | €186,240 | €232,963 | €115,563 | ▼ 50.4% |
| Operating profit (loss)9901 | €10,236 | €35,012 | €21,361 | -€49,913 | -€42,855 | €43,041 | €88,164 | -€55,813 | - |
| Financial income75/76B | - | - | - | €84 | €1,885 | €13 | €1,308 | €3,242 | ▲ 148% |
| Recurring financial income75 | €1,366 | €3,854 | €732 | €84 | €1,885 | €13 | €1,308 | €3,242 | ▲ 148% |
| Financial charges65/66B | - | - | - | €6,502 | €7,765 | €7,906 | €5,559 | €3,884 | ▼ 30.1% |
| Recurring financial charges65 | €8,248 | €7,467 | €1,910 | €6,502 | €7,765 | €7,906 | €5,559 | €3,884 | ▼ 30.1% |
| Profit (loss) for the period before taxes9903 | €3,354 | €31,399 | €20,183 | -€56,331 | -€48,735 | €35,148 | €83,913 | -€56,454 | - |
| Income taxes67/77 | €6,003 | €17,222 | €5,167 | €6,079 | €363 | €5,278 | €20,335 | €346 | ▼ 98.3% |
| Profit (loss) for the period9904 | -€2,649 | €14,177 | €15,016 | -€62,410 | -€49,098 | €29,870 | €63,577 | -€56,800 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,649 | €14,177 | €15,016 | -€62,410 | -€49,098 | €29,870 | €63,577 | -€56,800 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €115,457 | €137,063 | €169,170 | €500,545 | €280,059 | €250,727 | €214,660 | €248,713 | ▲ 15.9% |
| Fixed assets21/28 | €32,119 | €36,983 | €54,884 | €51,046 | €48,687 | €44,738 | €83,063 | €71,763 | ▼ 13.6% |
| Intangible fixed assets21 | - | - | €15,098 | €13,576 | €12,053 | €10,531 | €9,008 | €7,486 | ▼ 16.9% |
| Tangible fixed assets22/27 | €1,668 | €6,532 | €9,334 | €7,019 | €6,183 | €3,756 | €43,603 | €33,826 | ▼ 22.4% |
| Plant, machinery and equipment23 | - | - | - | €2,283 | €4,011 | €2,374 | €41,809 | €33,097 | ▼ 20.8% |
| Furniture and vehicles24 | - | - | - | €4,736 | €2,172 | €1,382 | €1,794 | €729 | ▼ 59.4% |
| Financial fixed assets28 | €30,451 | €30,451 | €30,451 | €30,451 | €30,451 | €30,451 | €30,451 | €30,451 | = |
| Current assets29/58 | €83,338 | €100,080 | €114,287 | €449,499 | €231,372 | €205,989 | €131,597 | €176,951 | ▲ 34.5% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €781 | €543 | ▼ 30.5% |
| Other amounts receivable291 | - | - | - | - | - | - | €781 | €543 | ▼ 30.5% |
| Stocks and contracts in progress3 | - | - | - | €30,372 | €3,000 | €6,501 | €4,301 | €7,245 | ▲ 68.5% |
| Stocks30/36 | - | - | - | €30,372 | €3,000 | €6,501 | €4,301 | €7,245 | ▲ 68.5% |
| Amounts receivable within one year40/41 | €69,211 | €60,059 | €33,737 | €340,543 | €216,063 | €193,945 | €94,507 | €154,098 | ▲ 63.1% |
| Trade receivables40 | - | - | - | €334,434 | €168,822 | €141,971 | €35,283 | €52,477 | ▲ 48.7% |
| Other amounts receivable41 | - | - | - | €6,109 | €47,241 | €51,974 | €59,223 | €101,621 | ▲ 71.6% |
| Current investments50/53 | - | - | - | - | - | - | €470 | €470 | = |
| Cash at bank and in hand54/58 | €14,127 | €40,021 | €80,550 | €78,584 | €11,207 | €4,620 | €29,643 | €11,050 | ▼ 62.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,101 | €924 | €1,896 | €3,544 | ▲ 87.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €115,457 | €137,063 | €169,170 | €500,545 | €280,059 | €250,727 | €214,660 | €248,713 | ▲ 15.9% |
| Equity10/15 | €27,080 | €41,257 | €56,273 | -€6,137 | -€55,236 | -€25,366 | €38,212 | -€18,588 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €60,576 | €60,576 | €60,576 | €60,576 | €60,576 | €60,576 | €60,576 | €60,576 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €58,716 | €58,716 | €58,716 | €58,716 | €58,716 | = |
| Profit (loss) carried forward14 | -€52,096 | -€37,919 | -€22,904 | -€85,314 | -€134,412 | -€104,542 | -€40,965 | -€97,764 | ▼ 139% |
| Amounts payable17/49 | €88,377 | €95,805 | €112,898 | €506,682 | €335,295 | €276,093 | €176,448 | €267,301 | ▲ 51.5% |
| Amounts payable after more than one year17 | - | - | - | €58,876 | €25,420 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €58,876 | €25,420 | €0 | - | - | - |
| Amounts payable within one year42/48 | €88,377 | €95,805 | €112,898 | €447,737 | €309,874 | €276,024 | €176,448 | €267,301 | ▲ 51.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €41,611 | €51,958 | €33,894 | €13,890 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €3,459 | €1,050 | €1,578 | €30,532 | ▲ 19× |
| Credit institutions430/8 | - | - | - | - | €3,459 | €1,050 | €76 | €30,532 | ▲ 403× |
| Other loans439 | - | - | - | - | - | - | €1,502 | €0 | ▼ 100% |
| Trade debts44 | €18,427 | €28,767 | €22,387 | €242,192 | €142,612 | €133,693 | €70,628 | €133,509 | ▲ 89.0% |
| Suppliers440/4 | - | - | - | €239,154 | €142,612 | €133,693 | €70,628 | €133,509 | ▲ 89.0% |
| Bills of exchange payable441 | - | - | - | €3,038 | - | - | - | - | - |
| Advances received on contracts in progress46 | - | - | - | €85,329 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €35,084 | €25,493 | €30,527 | €34,060 | €51,809 | ▲ 52.1% |
| Taxes450/3 | - | - | - | €22,778 | €12,273 | €15,303 | €17,693 | €26,547 | ▲ 50.0% |
| Remuneration and social security454/9 | - | - | - | €12,306 | €13,219 | €15,224 | €16,368 | €25,262 | ▲ 54.3% |
| Other amounts payable47/48 | - | - | - | €43,521 | €86,353 | €76,859 | €56,292 | €51,452 | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | - | - | €70 | €0 | €69 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,649 | €14,177 | €15,016 | -€62,410 | -€49,098 | €29,870 | €63,577 | -€56,800 | - |
| + Depreciation and write-downs630 | €6,599 | €2,772 | €2,516 | €4,311 | €3,919 | €3,950 | €3,320 | €11,300 | ▲ 240% |
| Operating cash flow (approximation) | €3,950 | €16,949 | €17,532 | -€58,099 | -€45,179 | €33,819 | €66,897 | -€45,500 | - |
| Investment in fixed assets (approximation) | - | -€7,636 | -€20,417 | -€473 | -€1,561 | €0 | -€41,645 | €0 | - |
| Change in cash | - | €25,894 | €40,529 | -€1,965 | -€67,377 | -€6,587 | €25,022 | -€18,593 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00459878 |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00468415 |
| 31-12-2023 | abbreviated format | 02-07-2024 | 2024-00203803 |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00236356 |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20244207 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64600111 |
| 31-12-2019 | micro format | 15-09-2020 | 2020-53500407 |
| 31-12-2018 | micro format | 22-08-2019 | 2019-49400471 |
| 31-12-2017 | micro format | 24-09-2018 | 2018-64300372 |
| 31-12-2016 | abbreviated format | 11-07-2017 | 2017-29700374 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KRANDA Cihan |
|
Owners and capital
Capital and shareholders
- 18-09-2025 Converted to unavailable equity · €20,460
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
49%
According to the 2025 annual accounts of NETCOM SOLUTIONS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-09
Gazette deed
Resignation: KRANDA Cihan (director)Appointment: KRANDA Cihan (director) · Amendment of the articles · Legal form clause10 facts ▸
- General meeting, 12-09-2025
- Amendment of the articles (2 times)
- Legal form clause, “behouden, besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Director resignation, KRANDA Cihan (director (not named in the articles))
- Director appointment, KRANDA Cihan (director (not named in the articles))
- Capital
- Other provision, “de coördinatie van de statuten op te maken en te ondertekenen, in overeenstemming met het vorige besluit, en de neerlegging daarvan in het vennootschapsdossier…” (deed in Dutch)
- Power of attorney
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
New in the register since 3 October 2026.
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0832.007.996
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44017D0818/00F000 | Flanders | 6,122 m² | 1 · 3,037 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle mogelijke dienstverlening omtrent telecommunicatie; Het verkopen van IT- en telecomcontracten (BASE-Proximus-Mobistar-Belgacom-Telenet…” (deed in Dutch)
5 activities (deed in Dutch)
- Alle mogelijke dienstverlening omtrent telecommunicatie
- Het verkopen van IT- en telecomcontracten (BASE-Proximus-Mobistar-Belgacom-Telenet en alle andere huidige en toekomstige telecomoperatoren)
- Handelsbemiddeling in goederen, algemeen assortiment (IT- en Telecomproducten)
- Het verkopen van voormelde activiteiten via referenties, prospectie en netwerken, eventueel op beurzen
- Het openen van een winkelpunt voor het cliënteel
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bijkantoren en andere centra van werkzaamheden oprichten in België en buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- 3 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Voor aandelen bezwaard met vruchtgebruik komt het voorkeurrecht toe aan de blote eigenaar, tenzij tussen de blote eigenaar en…” (deed in Dutch)“Op naam, De aandeelhouders mogen kennis nemen van dit register betreffende hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “De opening van de intekening met voorkeurrecht en het tijdvak waarin dat recht kan worden uitgeoefend, worden bepaald door het orgaan dat…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing van de algemene vergadering, in de vorm vereist voor de statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar zou zijn benoemd, de bestuurder(s) in functie” (deed in Dutch)