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NETCONNEX

Active
Private limited companyfounded 201115 yrs activeMerovingershof 12, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0833.761.322

NETCONNEX has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.66M and a net result of €420k. Equity is growing by ~76.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 2671 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
100 / 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 19.55 against 18.74 in 2024), and 6.8% 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 riskneutral
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
Sector 62
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
93.2%
Return on assets
23.6%
Age of the figures
14 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 15 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 d early
2024
44 d early
2023
on the day
2022
40 d early
2021
45 d early
2020
13 d early
2019
4 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity
€1.66M▲ 31.3%
2024 · €1.26M
2019: €89k 2020: €95k 2021: €229k 2022: €508k 2023: €935k 2024: €1.26M
2019 → 2025
Total assets
€1.78M▲ 27.0%
2024 · €1.40M
2019: €110k 2020: €117k 2021: €303k 2022: €576k 2023: €1.10M 2024: €1.40M
2019 → 2025
Net result
€420k▲ 23.4%
2024 · €340k
2019: €25k 2020: €6k 2021: €164k 2022: €280k 2023: €445k 2024: €340k
2019 → 2025
Working capital
€1.61M▲ 26.2%
2024 · €1.28M
2019: €46k 2020: €71k 2021: €207k 2022: €499k 2023: €911k 2024: €1.28M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€229k-€508k▲ 122%€935k▲ 83.9%€1.26M▲ 34.9%€1.66M▲ 31.3%
Operating result€57k-€66k▲ 15.4%€330k▲ 404%€187k▼ 43.5%€289k▲ 54.8%
Net result€164k-€280k▲ 70.6%€445k▲ 59.3%€340k▼ 23.6%€420k▲ 23.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200k€400kOperating result 2021: €57k€57kNet result 2021: €164k€164kOperating result 2022: €66k€66kNet result 2022: €280k€280kOperating result 2023: €330k€330kNet result 2023: €445k€445kOperating result 2024: €187k€187kNet result 2024: €340k€340kOperating result 2025: €289k€289kNet result 2025: €420k€420k20212022202320242025
The operating result recovers in 2025; 2025 is 55% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.78M
Fixed assets €80k▲ 54.7%
Current assets €1.70M▲ 25.9%
Equity and liabilities €1.78M
Equity €1.66M▲ 31.3%
Provisions €0▼ 100%
Debt €122k▲ 14.6%
The debt ratio falls from 7.6% to 6.8%: equity grows faster than debt.
Key figures and ratios
2025 value · change against 2024
EBITDA
€298k
2024 · €191k
Cash flow
€429k
2024 · €344k
Solvency
93.2%
2024 · 90.1%
Current ratio
19.55
2024 · 18.74
Quick ratio
19.55
2024 · 18.74
Debt / equity
0.07
2024 · 0.08
ROE
25.3%
2024 · 27.0%
ROA
23.6%
2024 · 24.3%
Interest coverage
9.05
2024 · 68.17
Debt
€122k
2024 · €106k
Debt ≤ 1 year
€87k
2024 · €72k
Income taxes
€108k
2024 · €86k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€1.40M€1.78M
Fixed assets21/28€52k€80k
Tangible fixed assets22/27€32k€50k
Land and buildings22€14k€12k
Plant, machinery and equipment23-€25k
Furniture and vehicles24€18k€13k
Financial fixed assets28€19k€29k
Current assets29/58€1.35M€1.70M
Amounts receivable after more than one year29€250k€250k=
Trade receivables290€250k€0
Other amounts receivable291€0€250k
Amounts receivable within one year40/41€125k€93k
Trade receivables40€73k€31k
Other amounts receivable41€52k€62k
Current investments50/53€215k€1.08M
Cash at bank and in hand54/58€744k€218k
Deferred charges and accrued income490/1€14k€53k
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.78M
Equity10/15€1.26M€1.66M
Reserves13€1.26M€1.66M
Distributable reserves133€1.26M€1.66M
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€33k€0
Provisions for liabilities and charges160/5€33k€0
Environmental obligations163€33k€0
Amounts payable17/49€106k€122k
Amounts payable within one year42/48€72k€87k
Financial debts43€2k€126
Credit institutions430/8€2k€126
Trade debts44€24k€15k
Suppliers440/4€24k€15k
Taxes, remuneration and social security45€46k€72k
Taxes450/3€46k€72k
Accrued charges and deferred income492/3€34k€35k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€9k
Provisions for liabilities and charges: additions (uses and reversals)635/8€33k€-33k
Other operating charges640/8€8k€287
Gross operating margin9900€231k€266k
Operating profit (loss)9901€187k€289k
Financial income75/76B€242k€272k
Recurring financial income75€242k€272k
Financial charges65/66B€3k€33k
Recurring financial charges65€3k€33k
Profit (loss) for the period before taxes9903€426k€528k
Income taxes67/77€86k€108k
Profit (loss) for the period9904€340k€420k
Profit (loss) for the period to be appropriated9905€340k€420k
Appropriation of the result
Profit (loss) to be appropriated9906€340k€420k
Transfer from equity791/2€14k€25k
Transfer to equity691/2€340k€420k
To the legal reserve6920€0-
To other reserves6921€340k€420k
Profit to be distributed694/7€14k€25k
Return on contributions (dividend)694€14k€25k

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
09-01
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-12
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial Liquidity triplescurrent ratio 18.74
Current ratio from 6.40 to 18.74; short-term debt falls from €169k to €72k.
30-06
Financial Equity above €1MEq €1.26M ▲34.9%
6 profitable years in a row build equity to €1.26M.
31-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial Highest result since 2019net €445k ▲59.3%
Operating result €330k, net result €445k, both a record.
2022
22-12
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial Liquidity triplescurrent ratio 10.52
Current ratio from 4.00 to 10.52; short-term debt falls from €69k to €52k.
30-06
Financial Equity above €500kEq €508k ▲122%
4 profitable years in a row build equity to €508k.
2021
17-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial Equity above €200kEq €229k ▲140%
3 profitable years in a row build equity to €229k.
18-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial Weakest financial yearnet €6k ▼75.9%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
27-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
26-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Bilzen-Hoeselt · 1 establishment unit since 2011
establishment The establishment unit on the map
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.

Merovingershof 123740 Bilzen-Hoeselt
Ground area
500 m²
Building footprint
129 m²
Volume, LiDAR
749 m³
Parcel 73071C0050/00S000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Merovingershof 12, 3740 Bilzen-Hoeselt
Manufacture of computer, electronic and optical products
since 20112.196.135.626
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73071C0050/00S000 Flanders 500 m² 1 · 129 m² 9.3 m · 2 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.

Recognitions · licences · registrations

Legal Entity Identifier

894500P1YV45Q1XPXN96
live in the LEI register

Similar companies · same sector, comparable size

Of 16,811 companies in sector 62100 we hold annual accounts for 8,749. 3,035 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded08-02-2011
Fiscal year end30-06
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
77330Rental and leasing activities
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.