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Complete company report
Generated 27-07-2026
Active BE 0794.720.109Public limited company

NETESTAD IMMO

Herkenrodesingel 4B ·3500 Hasselt, Belgium· 3 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of NETESTAD IMMO is 2.9% (moderate). The 2024 annual accounts show equity of €160k and a net result of €-51k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €160k
Net result €-51k
Active 3 yrs
Board 1
Snowflake analysis 5 axes · computed by Checked
Health27Profitability0Solvency20Growth32Stability94
35 / 100

Fragile profile, watch profitability in particular.

Health 27
Profitability 0
Solvency 20
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.9% Moderate
0%0,5%1,5%4%10%≥25%
Young company +No NACE activity registered +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
27 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 11-07-2025 with the NBB · fiscal year 2024 · volledig
€-60k€-40k€-20k€0Operating result 2023: €-7k€-7kNet result 2023: €-10k€-10kOperating result 2024: €-50k€-50kNet result 2024: €-51k€-51k20232024
Operating resultNet result
Net profit
€-51k
-424.9% 23-24
Total assets
€1.68M
+5.1% 23-24
Equity
€160k
-24.1% 23-24
Working capital
€165k
-22.4% 23-24
Debt
€1.52M
+9.5% 23-24
Debt ≤ 1y
€1.51M
+9.3% 23-24
Debt > 1y
€3k
- 23-24
Current ratio
1.11
-3.9% 23-24
Quick ratio
0.00
+269.7% 23-24
Solvency
9.5%
-27.8% 23-24
Debt / equity
9.51
+44.3% 23-24
ROE
-31.8%
-591.6% 23-24
ROA
-3.0%
-399.4% 23-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA-
Net profit€-51k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€1.68M
Equity€160k
Debt€1.52M
of which ≤ 1y€1.51M
of which > 1y€3k
Working capital€165k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.11
Quick ratio0.00
Working capital ratio9.9%
Solvency9.5%
Debt / equity9.51
Long-term debt ratio0.02
Interest coverage-
Gross margin-
Net margin-
ROA-3.0%
ROE-31.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding353d
Inventory turnover0.03
Days inventory (DSI)10970d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.68M
Current assets 29/58€1.68M
Stocks & contracts in progress 3€1.67M
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.68M
Equity 10/15€160k
Contributions / capital 10/11€220k
Accumulated profits (losses) 14€-60k
Amounts payable 17/49€1.52M
Amounts payable after one year 17€3k
Amounts payable within one year 42/48€1.51M
Trade debts payable within one year 44€54k
Income statement
Operating result 9901€-50k
Financial income 75€140
Financial charges 65€829
Result before taxes 9903€-51k
Net result for the period 9904€-51k
Result to be appropriated 9905€-51k
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Ratios computed by Checked.
Directors & mandates 1 directors
Current directors & mandates
  • Ciril NVLegal entity
    Director· perm. rep.: Philip Demot
    State Gazette act 25130757 (15-10-2025)
    Current
    01-07-2024 → present
    2 events
    • 01-07-2024 Resigned· Director
    • 01-07-2024 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation13-12-2022
StatusActive
Postal code3500
Establishment units 1 location
NETESTAD IMMO
Herkenrodesingel 4B, 3500 HasseltOntwikkeling van residentiële bouwprojecten
since 20222.342.438.746
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71327G0668/00T000 Flanders 2,234 m² 1 · 622 m² 19.5 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
15-10-2025
State Gazette act Director changes
v3.2
11-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
11-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2022
15-12-2022
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 9 months ago
2025
15-10-2025 1 director appointed, 1 resigning Director changes
  • Thibaud Demot, Bestuurder
  • Philip Demot, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Philip Demot",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": null,
        "name": "Ciril NV",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2024-07-01",
      "evidence_quote": "De raad stelt vast dat de heer Philip Demot als vast vertegenwoordiger zal vervangen worden door de heer Thibaud Demot."
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Thibaud Demot",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": null,
        "name": "Ciril NV",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2024-07-01",
      "evidence_quote": "Kennis wordt genomen door de Algemene Vergadering dat vanaf 1/7/2024 de bestuurder Ciril NV vast vertegenwoordigd wordt door de heer Thibaud Demot."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0794.720.109",
    "name_full": "NETESTAD IMMO",
    "legal_form": "NV"
  }
}
2022
15-12-2022 Incorporation of a new NV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "3500 Hasselt, Herkenrodesingel 4B",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": {
        "kbo": "0879.600.057",
        "name": "DE SMEET"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": "Stemrecht",
      "partner_role": null,
      "holder_org_kbo": "0879.600.057",
      "holder_org_name": "DE SMEET",
      "contribution_type": "cash",
      "amount_paid_in_eur": 110000,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": 110,
      "amount_subscribed_eur": 110000,
      "is_anonymous_silent_partner": false
    },
    {
      "org": {
        "kbo": null,
        "name": "B-DEVELOPMENT"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": "Stemrecht",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": "B-DEVELOPMENT",
      "contribution_type": "cash",
      "amount_paid_in_eur": 10000,
      "holder_person_name": null,
      "is_subscriber_only": false,
      "n_shares_subscribed": 110,
      "amount_subscribed_eur": 10000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 220000,
  "subject_company": {
    "kbo": "0794.720.109",
    "name_full": "NETESTAD IMMO",
    "legal_form": "NV"
  },
  "initial_directors": [],
  "incorporation_date": "2022-12-13",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL NETESTAD IMMO
Registered office
Herkenrodesingel 4B
3500 Hasselt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative