NETGRAFIX
ActiveSummary
NETGRAFIX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243k and a net result of €58k. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-23
Solvency51▼-27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.71 in 2024; short-term debt: 20.4% and cash: 8.5% of total assets), and 73.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
26.3%
Return on assets
6.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
21 d late
2023
on the day
2022
2 d late
2021
37 d early
2020
22 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€243k▲ 31.1%
2024 · €186k
2018: €32klowest in 8 years
2019: €40k▲ +26.3% vs 2018
2020: €58k▲ +45.4% vs 2019
2021: €70k▲ +21.3% vs 2020
2022: €77k▲ +8.9% vs 2021
2023: €121k▲ +57.4% vs 2022
2024: €186k▲ +53.7% vs 2023
2025: €243k▲ +31.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€926k▲ 165%
2024 · €350k
2018: €169k
2019: €163k▼ -4.0% vs 2018
2020: €154k▼ -5.5% vs 2019lowest in 8 years
2021: €169k▲ +10.2% vs 2020
2022: €158k▼ -6.8% vs 2021
2023: €200k▲ +27.0% vs 2022
2024: €350k▲ +74.6% vs 2023
2025: €926k▲ +165% vs 2024highest in 8 years
2018 → 2025
Net result
€58k▼ 33.4%
2024 · €87k
2018: €48k
2019: €9k▼ -81.1% vs 2018
2020: €19k▲ +107% vs 2019
2021: €13k▼ -30.4% vs 2020
2022: €7k▼ -46.4% vs 2021lowest in 8 years
2023: €45k▲ +536% vs 2022
2024: €87k▲ +93.1% vs 2023highest in 8 years
2025: €58k▼ -33.4% vs 2024
2018 → 2025
Working capital
€-5k▲ 86.0%
2024 · €-37k
2018: €6k
2019: €22k▲ +289% vs 2018
2020: €18k▼ -18.3% vs 2019
2021: €31k▲ +73.6% vs 2020
2022: €41k▲ +32.7% vs 2021
2023: €84k▲ +106% vs 2022highest in 8 years
2024: €-37k▼ -144% vs 2023lowest in 8 years
2025: €-5k▲ +86.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€77k▲ 8.9%€121k▲ 57.4%€186k▲ 53.7%€243k▲ 31.1%
2021: €70klowest in 5 years
2022: €77k▲ +8.9% vs 2021
2023: €121k▲ +57.4% vs 2022
2024: €186k▲ +53.7% vs 2023
2025: €243k▲ +31.1% vs 2024highest in 5 years
Operating result€24k-€13k▼ 45.8%€71k▲ 440%€118k▲ 65.7%€100k▼ 15.0%
2021: €24k
2022: €13k▼ -45.8% vs 2021lowest in 5 years
2023: €71k▲ +440% vs 2022
2024: €118k▲ +65.7% vs 2023highest in 5 years
2025: €100k▼ -15.0% vs 2024
Net result€13k-€7k▼ 46.4%€45k▲ 536%€87k▲ 93.1%€58k▼ 33.4%
2021: €13k
2022: €7k▼ -46.4% vs 2021lowest in 5 years
2023: €45k▲ +536% vs 2022
2024: €87k▲ +93.1% vs 2023highest in 5 years
2025: €58k▼ -33.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €926k
Fixed assets
€742k ▲ 185%
Current assets
€184k ▲ 104%
Equity and liabilities €926k
Equity
€243k ▲ 31.1%
Debt
€682k ▲ 315%
Debt's share of the balance-sheet total rises from 46.9% to 73.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€151k▲
2024 · €123k
Cash flow
€109k▲
2024 · €92k
Current ratio
0.97▲
2024 · 0.71
Quick ratio
0.58▲
2024 · 0.12
Debt to equity
2.80▲
2024 · 0.88
ROE
23.7%▼
2024 · 46.7%
ROA
6.2%▼
2024 · 24.8%
Interest coverage
12.61▼
2024 · 33.89
Debt ≤ 1 year
€189k▲
2024 · €127k
Debt > 1 year
€493k▲
2024 · €36k
Income taxes
€30k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€350k€926k▲
Fixed assets21/28€260k€742k▲
Tangible fixed assets22/27€260k€741k▲
Land and buildings22€259k€737k▲
Furniture and vehicles24€264€3k▲
Other tangible fixed assets26€900€900=
Financial fixed assets28€292€292=
Current assets29/58€90k€184k▲
Stocks and contracts in progress3€75k€75k=
Stocks30/36€75k€75k=
Amounts receivable within one year40/41€15k€30k▲
Trade receivables40€15k€30k▲
Cash at bank and in hand54/58€390€79k▲
Deferred charges and accrued income490/1€39€489▲
Equity and liabilities
Total equity and liabilities10/49€350k€926k▲
Equity10/15€186k€243k▲
Contributions10/11€19k€19k=
Reserves13€167k€225k▲
Distributable reserves133€167k€225k▲
Amounts payable17/49€164k€682k▲
Amounts payable after more than one year17€36k€493k▲
Financial debts170/4€36k€493k▲
Amounts payable within one year42/48€127k€189k▲
Current portion of amounts payable after more than one year42€29k€47k▲
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Advances received on contracts in progress46-€4k
Taxes, remuneration and social security45€46k€69k▲
Taxes450/3€46k€69k▲
Other amounts payable47/48€47k€54k▲
Accrued charges and deferred income492/3€997-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€51k▲
Other operating charges640/8€21k€8k▼
Gross operating margin9900€143k€159k▲
Operating profit (loss)9901€118k€100k▼
Financial income75/76B€32€9▼
Recurring financial income75€32€9▼
Financial charges65/66B€4k€12k▲
Recurring financial charges65€4k€12k▲
Profit (loss) for the period before taxes9903€114k€88k▼
Income taxes67/77€27k€30k▲
Profit (loss) for the period9904€87k€58k▼
Profit (loss) for the period to be appropriated9905€87k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€58k▼
Transfer from equity791/2€800-
Transfer to equity691/2€66k€58k▼
To other reserves6921€66k€58k▼
Profit to be distributed694/7€22k-
Return on contributions (dividend)694€800-
Directors or managers695€21k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €14k | €5k | €5k | €51k | ▲ 886% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €218 | €0 | - | - | - |
| Other operating charges640/8 | €2k | €2k | €2k | €21k | €8k | ▼ 60.8% |
| Gross operating margin9900 | €40k | €30k | €79k | €143k | €159k | ▲ 11.0% |
| Operating profit (loss)9901 | €24k | €13k | €71k | €118k | €100k | ▼ 15.0% |
| Financial income75/76B | - | - | €0 | €32 | €9 | ▼ 73.0% |
| Recurring financial income75 | - | - | €0 | €32 | €9 | ▼ 73.0% |
| Financial charges65/66B | €3k | €3k | €3k | €4k | €12k | ▲ 231% |
| Recurring financial charges65 | €3k | €3k | €3k | €4k | €12k | ▲ 231% |
| Profit (loss) for the period before taxes9903 | €21k | €10k | €68k | €114k | €88k | ▼ 22.8% |
| Income taxes67/77 | €8k | €3k | €23k | €27k | €30k | ▲ 11.0% |
| Profit (loss) for the period9904 | €13k | €7k | €45k | €87k | €58k | ▼ 33.4% |
| Profit (loss) for the period to be appropriated9905 | €13k | €7k | €45k | €87k | €58k | ▼ 33.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €169k | €158k | €200k | €350k | €926k | ▲ 165% |
| Fixed assets21/28 | €95k | €85k | €80k | €260k | €742k | ▲ 185% |
| Tangible fixed assets22/27 | €95k | €85k | €79k | €260k | €741k | ▲ 186% |
| Land and buildings22 | €84k | €83k | €78k | €259k | €737k | ▲ 185% |
| Furniture and vehicles24 | €10k | €667 | €459 | €264 | €3k | ▲ 1,071% |
| Other tangible fixed assets26 | €900 | €900 | €900 | €900 | €900 | = |
| Financial fixed assets28 | €292 | €292 | €292 | €292 | €292 | = |
| Current assets29/58 | €74k | €73k | €121k | €90k | €184k | ▲ 104% |
| Stocks and contracts in progress3 | - | - | €75k | €75k | €75k | = |
| Stocks30/36 | - | - | €75k | €75k | €75k | = |
| Amounts receivable within one year40/41 | €16k | €13k | €7k | €15k | €30k | ▲ 104% |
| Trade receivables40 | €15k | €13k | €4k | €15k | €30k | ▲ 104% |
| Other amounts receivable41 | €262 | €310 | €3k | - | - | - |
| Cash at bank and in hand54/58 | €58k | €60k | €39k | €390 | €79k | ▲ 20,083% |
| Deferred charges and accrued income490/1 | €624 | €296 | €46 | €39 | €489 | ▲ 1,139% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €169k | €158k | €200k | €350k | €926k | ▲ 165% |
| Equity10/15 | €70k | €77k | €121k | €186k | €243k | ▲ 31.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €52k | €58k | €102k | €167k | €225k | ▲ 34.5% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €50k | €56k | €102k | €167k | €225k | ▲ 34.5% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €99k | €81k | €80k | €164k | €682k | ▲ 315% |
| Amounts payable after more than one year17 | €55k | €49k | €43k | €36k | €493k | ▲ 1,258% |
| Financial debts170/4 | €55k | €49k | €43k | €36k | €493k | ▲ 1,258% |
| Amounts payable within one year42/48 | €44k | €32k | €37k | €127k | €189k | ▲ 48.9% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €6k | €29k | €47k | ▲ 62.4% |
| Trade debts44 | €6k | €5k | €2k | €5k | €15k | ▲ 215% |
| Suppliers440/4 | €6k | €5k | €2k | €5k | €15k | ▲ 215% |
| Advances received on contracts in progress46 | - | - | - | - | €4k | - |
| Taxes, remuneration and social security45 | €18k | €9k | €18k | €46k | €69k | ▲ 49.3% |
| Taxes450/3 | €18k | €7k | €17k | €46k | €69k | ▲ 49.3% |
| Remuneration and social security454/9 | - | €1k | €1k | - | - | - |
| Other amounts payable47/48 | €14k | €12k | €10k | €47k | €54k | ▲ 15.6% |
| Accrued charges and deferred income492/3 | - | - | - | €997 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €7k | €45k | €87k | €58k | ▼ 33.4% |
| + Depreciation and write-downs630 | €13k | €14k | €5k | €5k | €51k | ▲ 886% |
| Operating cash flow (approximation) | €26k | €21k | €50k | €92k | €109k | ▲ 18.4% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-186k | €-533k | ▼ 187% |
| Change in cash | - | €1k | €-20k | €-39k | €78k | ▲ 302% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €200kEq €243k ▲31.1%
8 profitable years in a row build equity to €243k.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Highest result since 2018net €87k ▲93.1%
Operating result €118k, net result €87k, both a record.
31-12
Financial
Equity above €150kEq €186k ▲53.7%
7 profitable years in a row build equity to €186k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €121k ▲57.4%
6 profitable years in a row build equity to €121k.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-12
Financial
Weakest financial yearnet €7k ▼46.4%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 2010
Ground area
4,331 m²
Building footprint
220 m²
Volume, LiDAR
1,047 m³
Parcel 46007D0195/00B000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Doorndonkeindeken 10, 9160 Lokeren
since 20102.285.050.576
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007D0195/00B000 | Flanders | 4,331 m² | 1 · 220 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.