NETEXPE
Annual accounts 2025
micro format, filed on 27-01-2026, 4 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €518,449 on 30-06-2025in euro
Position in the sector
-40.4%
Lower than 95% of 22,039 companies in 2025.
0.17
Lower than 95% of 21,339 companies in 2025.
-12.0%
Higher than 10% of 21,530 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
518,449 | 486,796 | 491,096 | 527,272 | 566,753 | 585,448 | 638,188 | 543,608 | 128,406 | 113,579 | 101,740 | 91,759 | 128,084 | 158,684 | 269,981 | 304,725 | 348,954 | |
21/28 |
450,190 | 465,065 | 481,271 | 507,006 | 526,989 | 555,024 | 576,166 | 487,641 | 7,503 | 14,255 | 23,046 | 28,198 | 3,527 | 3,747 | 252,726 | 289,233 | 325,234 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 245,000 | 280,000 | 315,000 | |
22/27 |
440,682 | 455,557 | 471,762 | 497,498 | 526,989 | 555,024 | 576,166 | 487,641 | 7,503 | 14,255 | 23,046 | 28,198 | 3,527 | 3,747 | 7,726 | 9,233 | 10,234 | |
22 |
439,925 | 455,557 | 471,731 | 485,286 | 502,349 | 516,815 | 527,247 | 486,971 | - | - | - | - | - | - | - | - | - | |
23 |
- | - | - | - | - | - | - | 125 | 250 | 375 | 500 | 625 | 750 | 875 | 1,000 | 1,125 | - | |
24 |
757 | - | 32 | 12,211 | 24,640 | 38,209 | 48,919 | 545 | 6,995 | 13,299 | 21,644 | 26,348 | 1,230 | 1,002 | 4,517 | 5,560 | 7,348 | |
26 |
- | - | - | - | - | - | - | - | 258 | 580 | 903 | 1,225 | 1,548 | 1,870 | 2,209 | 2,548 | 2,886 | |
28 |
9,508 | 9,508 | 9,508 | 9,508 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
68,259 | 21,731 | 9,825 | 20,265 | 39,764 | 30,424 | 62,022 | 55,967 | 120,903 | 99,324 | 78,693 | 63,561 | 124,557 | 154,937 | 17,255 | 15,492 | 23,720 | |
40/41 |
60,620 | 20,617 | 8,673 | 12,356 | 4,356 | 16,452 | 34,994 | 4,926 | 7,514 | 7,874 | 462 | 793 | 7,288 | 460 | 880 | 8,140 | 12,908 | |
40 |
60,248 | 20,578 | 8,587 | 12,320 | 4,356 | 16,451 | 34,994 | 61 | - | 436 | 436 | 424 | 7,241 | 424 | - | - | - | |
41 |
373 | 39 | 86 | 36 | - | 1 | - | 4,865 | 7,514 | 7,438 | 26 | 370 | 48 | 36 | 880 | 8,140 | 12,908 | |
54/58 |
6,212 | - | - | 6,930 | 34,610 | 12,920 | 22,596 | 50,568 | 113,389 | 91,450 | 40,838 | 23,046 | 62,596 | 75,324 | 16,027 | 7,004 | 10,464 | |
490/1 |
1,427 | 1,114 | 1,152 | 980 | 798 | 1,052 | 4,432 | 473 | - | - | 37,393 | 39,721 | 54,673 | 79,154 | 348 | 348 | 348 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
518,449 | 486,796 | 491,096 | 527,272 | 566,753 | 585,448 | 638,188 | 543,608 | 128,406 | 113,579 | 101,740 | 91,759 | 128,084 | 158,684 | 269,981 | 304,725 | 348,954 | |
10/15 |
-209,465 | -147,144 | -106,402 | -85,838 | -83,362 | -78,683 | -53,680 | -47,233 | 11,126 | -2,629 | -13,715 | -31,143 | -56,633 | -83,256 | -8,932 | -4,713 | 4,446 | |
10/11 |
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 | 18,600 | 18,600 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,200 | |
11 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-228,065 | -165,744 | -125,002 | -104,438 | -101,962 | -97,283 | -72,280 | -65,833 | -7,474 | -21,229 | -32,315 | -49,743 | -75,233 | -101,856 | -27,532 | -23,313 | -7,954 | |
17/49 |
727,914 | 633,940 | 597,498 | 613,109 | 650,115 | 664,131 | 691,868 | 590,842 | 117,280 | 116,208 | 115,454 | 122,902 | 184,718 | 241,940 | 278,913 | 309,438 | 344,508 | |
17 |
326,240 | 352,682 | 378,429 | 410,976 | 445,279 | 478,854 | 511,717 | 458,540 | - | - | - | - | - | 193,420 | 223,313 | 251,773 | 266,438 | |
170/4 |
326,240 | 352,682 | 378,429 | 410,976 | 445,279 | 478,854 | 511,717 | 458,540 | - | - | - | - | - | 193,420 | 223,313 | 251,773 | 266,438 | |
42/48 |
401,149 | 280,574 | 218,553 | 201,339 | 203,876 | 184,602 | 179,851 | 132,302 | 117,080 | 116,008 | 115,454 | 122,902 | 184,718 | 47,594 | 54,558 | 56,513 | 78,070 | |
42 |
26,442 | 25,747 | 32,547 | 35,990 | 35,216 | 34,461 | 32,169 | 18,435 | - | - | - | - | - | 32,318 | 30,770 | 29,295 | 38,230 | |
43 |
- | 1,147 | 3,319 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | 1,147 | 3,319 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
2,184 | 1,356 | 2,360 | 4,062 | 1,469 | 1,406 | 895 | 23 | 1,006 | 439 | 3,415 | 2,510 | 1,601 | - | - | - | - | |
440/4 |
2,184 | 1,356 | 2,360 | 4,062 | 1,469 | 1,406 | 895 | 23 | 1,006 | 439 | 3,415 | 2,510 | 1,601 | - | - | - | - | |
46 |
72,900 | 24,900 | 7,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
4,886 | 5,013 | 9,585 | 9,964 | 12,341 | 10,386 | 11,910 | 9,166 | 11,438 | 11,978 | 6,125 | 2,467 | 4,772 | - | 3,063 | 4,410 | 5,181 | |
450/3 |
4,886 | 5,013 | 9,585 | 7,764 | 12,341 | 10,386 | 11,910 | 6,516 | 8,788 | 9,328 | 4,475 | 2,467 | 3,572 | - | - | 1,842 | 1,842 | |
454/9 |
- | - | - | 2,200 | - | - | - | 2,650 | 2,650 | 2,650 | 1,650 | - | 1,200 | - | 3,063 | 2,568 | 3,339 | |
47/48 |
294,737 | 222,412 | 162,843 | 151,324 | 154,849 | 138,349 | 134,877 | 104,677 | 104,635 | 103,591 | 105,915 | 117,925 | 178,344 | 15,276 | 20,725 | 22,808 | 34,659 | |
492/3 |
526 | 683 | 516 | 794 | 960 | 676 | 300 | - | 200 | 200 | - | - | - | 926 | 1,042 | 1,152 | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | 243 | - | - | - | - | - | |
9900 |
-34,306 | -10,417 | 22,346 | 41,252 | 41,674 | 24,086 | 41,592 | 30,008 | 32,395 | 58,106 | 27,811 | 34,979 | 41,040 | 112,209 | 67,732 | 59,563 | 81,571 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 13,793 | 22,082 | 22,939 | 43,096 | |
630 |
15,679 | 16,206 | 28,778 | 29,491 | 31,506 | 31,282 | 31,712 | 82,626 | 8,387 | 8,792 | 9,075 | 7,989 | 1,259 | 810 | 36,507 | 37,251 | 37,126 | |
640/8 |
2,009 | 2,950 | 1,464 | 1,731 | 1,608 | 4,861 | 2,686 | 933 | 1,112 | 38,139 | 1,169 | 864 | 654 | 160,447 | 581 | 347 | 973 | |
66A |
- | - | - | - | - | - | - | - | 6,634 | - | - | 879 | 7,037 | - | - | - | - | |
9901 |
-51,994 | -29,572 | -7,895 | 10,030 | 8,560 | -12,058 | 7,194 | -53,550 | 16,262 | 11,175 | 17,567 | 26,126 | 39,127 | -62,841 | 8,562 | -974 | 376 | |
75/76B |
1 | - | - | - | - | 0 | 213 | 31 | 0 | 24 | 28 | 52 | 225 | 442 | 680 | 326 | 615 | |
75 |
1 | - | - | - | - | 0 | 213 | 31 | 0 | 24 | 28 | 52 | 225 | 442 | 680 | 326 | 615 | |
65/66B |
10,182 | 11,019 | 12,517 | 12,342 | 13,051 | 12,742 | 13,678 | 4,696 | 53 | 46 | 51 | 51 | 5,692 | 11,925 | 13,461 | 14,711 | 8,945 | |
65 |
10,182 | 11,019 | 12,517 | 12,342 | 13,051 | 12,742 | 13,678 | 4,696 | 53 | 46 | 51 | 51 | 5,692 | 11,925 | 13,461 | 14,711 | 8,945 | |
9903 |
-62,175 | -40,591 | -20,412 | -2,312 | -4,492 | -24,800 | -6,270 | -58,214 | 16,209 | 11,153 | 17,544 | 25,491 | 26,622 | -74,324 | -4,219 | -15,359 | -7,954 | |
67/77 |
146 | 150 | 152 | 164 | 187 | 203 | 176 | 145 | 2,454 | 67 | 116 | - | - | - | - | - | - | |
9904 |
-62,321 | -40,741 | -20,565 | -2,476 | -4,679 | -25,003 | -6,446 | -58,359 | 13,756 | 11,085 | 17,428 | 25,491 | 26,622 | -74,324 | -4,219 | -15,359 | -7,954 | |
9905 |
-62,321 | -40,741 | -20,565 | -2,476 | -4,679 | -25,003 | -6,446 | -58,359 | 13,756 | 11,085 | 17,428 | 25,491 | 26,622 | -74,324 | -4,219 | -15,359 | -7,954 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-228,065 | -165,744 | -125,002 | -104,438 | -101,962 | -97,283 | -72,280 | -65,833 | -7,474 | -21,229 | -32,315 | -49,743 | -75,233 | -101,856 | -27,532 | -23,313 | -7,954 | |
14P |
-165,744 | -125,002 | -104,438 | -101,962 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | 1 | 1 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,728 | 1,747 | 1,748 | |
| Document | ||||||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00014977 | |
| 30-06-2024 | micro format | 10-02-2025 | 2025-00033034 | |
| 30-06-2023 | micro format | 15-01-2024 | 2024-00003284 | |
| 30-06-2022 | micro format | 29-12-2022 | 2022-20550058 | |
| 30-06-2021 | micro format | 22-12-2021 | 2021-81500436 | |
| 30-06-2020 | micro format | 04-01-2021 | 2021-00100566 | |
| 30-06-2019 | micro format | 14-01-2020 | 2020-01200002 | |
| 30-06-2018 | micro format | 14-12-2018 | 2018-74600505 | |
| 30-06-2017 | micro format | 14-12-2017 | 2017-71800475 | |
| 30-06-2016 | full format | 16-12-2016 | 2016-70500565 | |
| 30-06-2015 | full format | 08-01-2016 | 2016-01200476 | |
| 30-06-2014 | full format | 22-12-2014 | 2014-70200060 | |
| 30-06-2013 | full format | 21-01-2014 | 2014-01200254 | |
| 30-06-2012 | full format | 12-02-2013 | 2013-03600138 | |
| 30-06-2011 | full format | 29-02-2012 | 2012-05500350 | |
| 30-06-2010 | full format | 28-02-2011 | 2011-04900386 | |
| 30-06-2009 | full format | 15-02-2010 | 2010-04600553 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -36,315 | -13,366 | 20,883 | 39,521 | 40,066 | 19,224 | 38,906 | 29,075 | 24,649 | 19,967 | 26,642 | 34,115 | 40,386 | -62,031 | 45,069 | 36,277 | 37,502 | ||
| -46,642 | -24,536 | 8,213 | 27,015 | 26,827 | 6,279 | 25,266 | 24,266 | 22,143 | 19,877 | 26,503 | 33,479 | 27,882 | -73,514 | 32,288 | 21,892 | 29,172 | ||
| 804 | 0 | 3,042 | 9,508 | 3,471 | 10,141 | 120,237 | 562,764 | 1,636 | 0 | 3,923 | 32,660 | 1,040 | 475 | 0 | 1,250 | 362,360 | ||
| - | - | - | -27,680 | 21,690 | -9,677 | -27,972 | -62,822 | 21,939 | 50,612 | 17,792 | -39,550 | -12,728 | 59,297 | 9,023 | -3,460 | - | ||
| -332,889 | -258,843 | -208,728 | -181,074 | -164,112 | -154,178 | -117,829 | -76,335 | 3,823 | -16,684 | -36,761 | -59,341 | -60,161 | 107,343 | -37,303 | -41,021 | -54,350 | ||
| -40.4% | -30.2% | -21.7% | -16.3% | -14.7% | -13.4% | -8.4% | -8.7% | 8.7% | -2.3% | -13.5% | -33.9% | -44.2% | -52.5% | -3.3% | -1.5% | 1.3% | ||
| 0.17 | 0.08 | 0.04 | 0.10 | 0.20 | 0.16 | 0.34 | 0.42 | 1.03 | 0.86 | 0.68 | 0.52 | 0.67 | 3.26 | 0.32 | 0.27 | 0.30 | ||
| - | - | - | - | - | - | - | - | 10.54 | - | - | - | - | - | - | - | 77.49 | ||
| - | - | - | - | - | - | - | - | 123.6% | - | - | - | - | - | - | - | -178.9% | ||
| -12.0% | -8.4% | -4.2% | -0.5% | -0.8% | -4.3% | -1.0% | -10.7% | 10.7% | 9.8% | 17.1% | 27.8% | 20.8% | -46.8% | -1.6% | -5.0% | -2.3% | ||
| -3.57 | -1.21 | 1.67 | 3.20 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Mortgages, amount registered | €107,500 | €107,500 | €107,500 | €107,500 |
| Carrying value of the mortgaged assets | €439,925 | €455,557 | €471,731 | €485,286 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €804 | - | €3,042 | - |
| Financial fixed assets | - | - | - | €9,508 |
| €15,679 | €16,206 | €28,778 | €29,491 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on NETEXPE
The operating result for 2025 is a loss of €51,994, larger than the loss of €29,572 in 2024. It is the lowest result since 2018.
Equity is negative. Debt (€727,914) exceeds the balance-sheet total (€518,449).