NETEXPE
ActiveSummary
NETEXPE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€209,465) and a net result of -€62,321. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 5% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 598 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,506 | €29,491 | €28,778 | €16,206 | €15,679 | ▼ 3.3% |
| Other operating charges640/8 | - | €1,731 | €1,464 | €2,950 | €2,009 | ▼ 31.9% |
| Gross operating margin9900 | €41,674 | €41,252 | €22,346 | -€10,417 | -€34,306 | ▼ 229% |
| Operating profit (loss)9901 | €8,560 | €10,030 | -€7,895 | -€29,572 | -€51,994 | ▼ 75.8% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Financial charges65/66B | - | €12,342 | €12,517 | €11,019 | €10,182 | ▼ 7.6% |
| Recurring financial charges65 | €13,051 | €12,342 | €12,517 | €11,019 | €10,182 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | -€4,492 | -€2,312 | -€20,412 | -€40,591 | -€62,175 | ▼ 53.2% |
| Income taxes67/77 | €187 | €164 | €152 | €150 | €146 | ▼ 2.8% |
| Profit (loss) for the period9904 | -€4,679 | -€2,476 | -€20,565 | -€40,741 | -€62,321 | ▼ 53.0% |
| Profit (loss) for the period to be appropriated9905 | -€4,679 | -€2,476 | -€20,565 | -€40,741 | -€62,321 | ▼ 53.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €566,753 | €527,272 | €491,096 | €486,796 | €518,449 | ▲ 6.5% |
| Fixed assets21/28 | €526,989 | €507,006 | €481,271 | €465,065 | €450,190 | ▼ 3.2% |
| Tangible fixed assets22/27 | €526,989 | €497,498 | €471,762 | €455,557 | €440,682 | ▼ 3.3% |
| Land and buildings22 | - | €485,286 | €471,731 | €455,557 | €439,925 | ▼ 3.4% |
| Furniture and vehicles24 | - | €12,211 | €32 | - | €757 | - |
| Financial fixed assets28 | - | €9,508 | €9,508 | €9,508 | €9,508 | = |
| Current assets29/58 | €39,764 | €20,265 | €9,825 | €21,731 | €68,259 | ▲ 214% |
| Amounts receivable within one year40/41 | €4,356 | €12,356 | €8,673 | €20,617 | €60,620 | ▲ 194% |
| Trade receivables40 | - | €12,320 | €8,587 | €20,578 | €60,248 | ▲ 193% |
| Other amounts receivable41 | - | €36 | €86 | €39 | €373 | ▲ 854% |
| Cash at bank and in hand54/58 | €34,610 | €6,930 | - | - | €6,212 | - |
| Deferred charges and accrued income490/1 | - | €980 | €1,152 | €1,114 | €1,427 | ▲ 28.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €566,753 | €527,272 | €491,096 | €486,796 | €518,449 | ▲ 6.5% |
| Equity10/15 | -€83,362 | -€85,838 | -€106,402 | -€147,144 | -€209,465 | ▼ 42.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€101,962 | -€104,438 | -€125,002 | -€165,744 | -€228,065 | ▼ 37.6% |
| Amounts payable17/49 | €650,115 | €613,109 | €597,498 | €633,940 | €727,914 | ▲ 14.8% |
| Amounts payable after more than one year17 | €445,279 | €410,976 | €378,429 | €352,682 | €326,240 | ▼ 7.5% |
| Financial debts170/4 | - | €410,976 | €378,429 | €352,682 | €326,240 | ▼ 7.5% |
| Amounts payable within one year42/48 | €203,876 | €201,339 | €218,553 | €280,574 | €401,149 | ▲ 43.0% |
| Current portion of amounts payable after more than one year42 | - | €35,990 | €32,547 | €25,747 | €26,442 | ▲ 2.7% |
| Financial debts43 | - | - | €3,319 | €1,147 | - | - |
| Credit institutions430/8 | - | - | €3,319 | €1,147 | - | - |
| Trade debts44 | €1,469 | €4,062 | €2,360 | €1,356 | €2,184 | ▲ 61.1% |
| Suppliers440/4 | - | €4,062 | €2,360 | €1,356 | €2,184 | ▲ 61.1% |
| Advances received on contracts in progress46 | - | - | €7,900 | €24,900 | €72,900 | ▲ 193% |
| Taxes, remuneration and social security45 | - | €9,964 | €9,585 | €5,013 | €4,886 | ▼ 2.5% |
| Taxes450/3 | - | €7,764 | €9,585 | €5,013 | €4,886 | ▼ 2.5% |
| Remuneration and social security454/9 | - | €2,200 | - | - | - | - |
| Other amounts payable47/48 | - | €151,324 | €162,843 | €222,412 | €294,737 | ▲ 32.5% |
| Accrued charges and deferred income492/3 | - | €794 | €516 | €683 | €526 | ▼ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,679 | -€2,476 | -€20,565 | -€40,741 | -€62,321 | ▼ 53.0% |
| + Depreciation and write-downs630 | €31,506 | €29,491 | €28,778 | €16,206 | €15,679 | ▼ 3.3% |
| Operating cash flow (approximation) | €26,827 | €27,015 | €8,213 | -€24,536 | -€46,642 | ▼ 90.1% |
| Investment in fixed assets (approximation) | - | -€9,508 | -€3,042 | €0 | -€804 | - |
| Change in cash | - | -€27,680 | - | - | - | - |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003G0196/00L000 | Wallonia | 1.0 ha | 1 · 109 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
10.75%
According to the annual accounts to 30-06-2025 of NETEXPE and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector and region
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.