Netflex
ActiveSummary
The annual accounts of Netflex for financial year 2025 show a net loss of 106% of total assets and of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €25,853 and a net result of -€29,422. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 88% of 224 sector peers (NACE 35, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €25,853
- Loss
- -€29,422
- ENERGETIQDirector · permanent representative LENAERTS Stijn
- Invisible WebDirector · permanent representative ANRIJS Bart
Why 56raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsLoss of €29,422, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 41.00, cash €25,281Equity €25,853 (93.2% of total assets)Show the evidence
Checked score
About 4 in 1,000 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 35, micro): better than 88% on solvency, 96% on liquidity, 8% on profitability and 15% on growth.
The bankruptcy probability was computed on 25-10-2026 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 9 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
- Permanent representative: De Clercq KoenDeclaration · Capital increase ·…
- Resignations: DE PELSMAEKER Tom, LENAERTS Stijn…Appointments: ENERGETIQ (director) and Invisible…
- Annual accounts filedfinancial year 2025 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €29,239 in 2025 against €12,403 in 2024; the loss grows and 2025 has 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 35, Electricity, gas, steam and air conditioning supply: 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).
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.3% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,475 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 3,592 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,159 | €6,894 | €8,445 | €8,581 | €9,046 | €9,778 | - | - |
| Other operating charges640/8 | - | - | - | €468 | €501 | €599 | €613 | ▲ 2.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €26,826 | - |
| Gross operating margin9900 | €5,305 | €20,746 | €31,563 | €35,032 | €12,351 | -€2,026 | -€1,800 | ▲ 11.1% |
| Operating profit (loss)9901 | -€1,409 | €13,317 | €22,608 | €25,984 | €2,805 | -€12,403 | -€29,239 | ▼ 136% |
| Financial income75/76B | - | - | - | - | - | €17 | - | - |
| Recurring financial income75 | - | €3 | €0 | - | - | €17 | - | - |
| Financial charges65/66B | - | - | - | €910 | €511 | €206 | €183 | ▼ 10.9% |
| Recurring financial charges65 | €637 | €643 | €684 | €910 | €511 | €206 | €183 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | -€2,046 | €12,676 | €21,925 | €25,074 | €2,294 | -€12,591 | -€29,422 | ▼ 134% |
| Income taxes67/77 | - | €615 | €3,608 | €6,744 | €339 | - | - | - |
| Profit (loss) for the period9904 | -€2,046 | €12,062 | €18,317 | €18,330 | €1,955 | -€12,591 | -€29,422 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | -€2,046 | €12,062 | €18,317 | €18,330 | €1,955 | -€12,591 | -€29,422 | ▼ 134% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €63,364 | €77,936 | €97,782 | €111,138 | €79,889 | €56,902 | €27,729 | ▼ 51.3% |
| Fixed assets21/28 | €47,584 | €46,760 | €55,612 | €47,031 | €50,804 | €41,026 | - | - |
| Tangible fixed assets22/27 | €47,584 | €46,760 | €55,612 | €47,031 | €50,804 | €41,026 | - | - |
| Plant, machinery and equipment23 | - | - | - | €47,031 | €50,804 | €41,026 | - | - |
| Current assets29/58 | €15,781 | €31,176 | €42,170 | €64,107 | €29,085 | €15,876 | €27,729 | ▲ 74.7% |
| Amounts receivable within one year40/41 | €619 | €31,137 | €28,775 | €12,471 | €15,348 | €2,905 | €2,400 | ▼ 17.4% |
| Trade receivables40 | - | - | - | €10,680 | €13,000 | - | - | - |
| Other amounts receivable41 | - | - | - | €1,791 | €2,348 | €2,905 | €2,400 | ▼ 17.4% |
| Cash at bank and in hand54/58 | €14,439 | - | €13,355 | €51,636 | €13,693 | €12,925 | €25,281 | ▲ 95.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €44 | €47 | €48 | ▲ 2.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €63,364 | €77,936 | €97,782 | €111,138 | €79,889 | €56,902 | €27,729 | ▼ 51.3% |
| Equity10/15 | €17,202 | €29,264 | €47,581 | €65,910 | €67,866 | €55,275 | €25,853 | ▼ 53.2% |
| Contributions10/11 | €25,500 | - | - | €25,500 | €25,500 | €25,500 | €25,500 | = |
| Reserves13 | - | €3,764 | €22,081 | €40,410 | €42,366 | €29,775 | €353 | ▼ 98.8% |
| Distributable reserves133 | - | - | - | €40,410 | €42,366 | €29,775 | €353 | ▼ 98.8% |
| Profit (loss) carried forward14 | -€8,298 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €46,162 | €48,672 | €50,201 | €45,228 | €12,023 | €1,627 | €1,876 | ▲ 15.3% |
| Amounts payable after more than one year17 | €35,000 | €35,000 | €35,000 | €35,000 | - | - | - | - |
| Financial debts170/4 | - | - | - | €35,000 | - | - | - | - |
| Amounts payable within one year42/48 | €8,045 | €11,253 | €12,809 | €7,156 | €10,523 | €427 | €676 | ▲ 58.2% |
| Trade debts44 | €6,931 | €2,652 | €1,701 | €127 | €3,441 | €427 | €676 | ▲ 58.2% |
| Suppliers440/4 | - | - | - | €127 | €3,441 | €427 | €676 | ▲ 58.2% |
| Taxes, remuneration and social security45 | - | - | - | €7,030 | €7,083 | - | - | - |
| Taxes450/3 | - | - | - | €7,030 | €7,083 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €3,072 | €1,500 | €1,200 | €1,200 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,046 | €12,062 | €18,317 | €18,330 | €1,955 | -€12,591 | -€29,422 | ▼ 134% |
| + Depreciation and write-downs630 | €6,159 | €6,894 | €8,445 | €8,581 | €9,046 | €9,778 | - | - |
| Operating cash flow (approximation) | €4,113 | €18,955 | €26,762 | €26,910 | €11,001 | -€2,813 | -€29,422 | ▼ 946% |
| Investment in fixed assets (approximation) | - | -€6,069 | -€17,297 | €0 | -€12,818 | €0 | - | - |
| Change in cash | - | - | - | €38,282 | -€37,943 | -€769 | €12,356 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-08-2025 | micro format | 30-03-2026 | 2026-00065918 |
| 31-08-2024 | micro format | 19-03-2025 | 2025-00050056 |
| 31-08-2023 | micro format | 25-03-2024 | 2024-00048895 |
| 31-08-2022 | micro format | 20-03-2023 | 2023-00041848 |
| 31-08-2021 | micro format | 30-03-2022 | 2022-09900112 |
| 31-08-2020 | micro format | 31-03-2021 | 2021-09600174 |
| 31-08-2019 | micro format | 27-02-2020 | 2020-05800526 |
| 31-08-2018 | micro format | 28-02-2019 | 2019-06100527 |
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
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| ENERGETIQ |
|
| Invisible Web |
|
| DE PELSMAEKER Tom |
|
| LENAERTS Stijn |
|
| VANDEVYVERE Wolfgang |
|
Owners and capital
Capital and shareholders
- 24-09-2026 Capital increase · 4,250 new shares · in cash
- 13-07-2026 Capital increase of €72,000 · 765 new shares · in cash
- 13-07-2026 Capital increase of €72,000 · 765 new shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
24-09
Gazette deed
Permanent representative: De Clercq KoenDeclaration · Capital increase · Share issue13 facts ▸
- General meeting, 21-09-2026
- Declaration, “verzaking aan het opstellen van de uitgifteverslaggeving, artikel 5:121, §2 van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Capital increase
- Declaration, “(…), afstand van het voorkeurrecht” (deed in Dutch)
- Declaration, “(…), deels inschrijving en deels afstand van voorkeurrecht” (deed in Dutch)
- Share issue, 4250, “(…)” (deed in Dutch)
- Declaration, “storting op de nieuwe aandelen”, 100% (deed in Dutch)
- Bank account, “(…)”, 14-09-2026 (deed in Dutch)
- Capital
- Amendment of the articles, 5
- Power of attorney, Tim HERZEEL
- Power of attorney
- +1 further fact in this act
13-07
Gazette deed
Resignations: DE PELSMAEKER Tom, LENAERTS Stijn and VANDEVYVERE WolfgangAppointments: ENERGETIQ (director) and Invisible Web (director) · Permanent representatives: LENAERTS Stijn, ANRIJS Bart and De Clercq Koen · Legal-form conversion37 facts ▸
- General meeting, 26-06-2026
- Legal-form conversion, “besloten vennootschap (BV)” (deed in Dutch)
- Name change, Netflex
- Registered-office move, 9320 Aalst (Erembodegem), Ninovesteenweg 198
- Other provision, “verslag bestuursorgaan over voorwerpwijziging, dossier van de notaris” (deed in Dutch)
- Purpose change
- Amendment of the articles, 3
- Other provision, “verslag bestuursorgaan over wijziging rechten soorten aandelen door afschaffing onderverdeling, artikel 5:102 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “verzaking verslag bedrijfsrevisor over financiële en boekhoudkundige gegevens, geen financiële of boekhoudkundige gegevens ter grondslag liggen aan afschaffing…” (deed in Dutch)
- Other provision, “neerlegging verslag bestuursorgaan met uitgifte notulen op bevoegde griffie ondernemingsrechtbank” (deed in Dutch)
- Kind of shares, “afschaffing onderverdeling in soorten” (deed in Dutch)
- Capital conversion, “artikel 39 §2 tweede lid wet 23-03-2019 tot invoering Wetboek van vennootschappen en verenigingen, niet-opgevraagde inbrengen” (deed in Dutch)
- +25 further facts in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 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 0674.370.229
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41342B0950/00K002 | Flanders | 3,791 m² | 1 · 1,152 m² | 14.4 m · 4 |
How the parcels are linked
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- Netflex
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (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.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 October to 30 September
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of March at 20:00