NETHEHOEVE
ActiveSummary
NETHEHOEVE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,536 and a net result of -€26,305. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 55% of 3158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-57
Solvency63▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.42 in 2024; short-term debt: 33.7% and cash: 0.2% of total assets), and 61.6% of the assets are financed with debt.
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Signals
Six 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.4%
Return on assets
-7.3%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192022232425
2019 to 2025 · latest year -€26,305
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
8 d early
2023
5 d early
2022
2 d late
2020
3 d early
2019
27 d late
2018
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€137,536▼ 16.1%
2024 · €163,841
Total assets
€358,318▲ 10.8%
2024 · €323,452
Net result
-€26,305▼ 380%
2024 · -€5,481
Working capital
-€93,693▼ 171%
2024 · -€34,584
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result€662▼ 39.3%-€2,743--€500▲ 81.8%-€4,162▼ 733%-€26,215▼ 530%
Net result€543within the sector's middle half▼ 13.3%-€2,920within the sector's middle half--€558within the sector's middle half▲ 80.9%-€5,481within the sector's middle half▼ 882%-€26,305below the sector's middle half▼ 380%
Equity€179,449within the sector's middle half▲ 0.3%€169,880within the sector's middle half-€169,322within the sector's middle half▼ 0.3%€163,841within the sector's middle half▼ 3.2%€137,536within the sector's middle half▼ 16.1%
Total assets€364,197within the sector's middle half▼ 0.9%€383,204within the sector's middle half-€356,587within the sector's middle half▼ 6.9%€323,452within the sector's middle half▼ 9.3%€358,318within the sector's middle half▲ 10.8%
Debt€184,748▼ 2.1%€213,324-€187,266▼ 12.2%€159,611▼ 14.8%€220,782▲ 38.3%
Working capital-€57,769▲ 3.7%-€13,775--€35,043▼ 154%-€34,584▲ 1.3%-€93,693▼ 171%
Solvency49.3%within the sector's middle half▲ 0.6pp44.3%within the sector's middle half-47.5%within the sector's middle half▲ 3.2pp50.7%within the sector's middle half▲ 3.2pp38.4%within the sector's middle half▼ 12.3pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,215 in 2025 against €4,162 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €358,318
Fixed assets
€331,229 ▲ 11.0%
Current assets
€27,089 ▲ 8.2%
Equity and liabilities €358,318
Equity
€137,536 ▼ 16.1%
Debt
€220,782 ▲ 38.3%
Debt's share of the balance-sheet total rises from 49.3% to 61.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€21,073▼
2024 · €538
Cash flow
-€21,163▼
2024 · -€781
Current ratio
0.22▼
2024 · 0.42
Debt to equity
1.61▲
2024 · 0.97
ROE
-19.1%▼
2024 · -3.3%
ROA
-7.3%▼
2024 · -1.7%
Interest coverage
-234.14▼
2024 · 6.77
Debt ≤ 1 year
€120,782▲
2024 · €59,611
Debt > 1 year
€100,000=
2024 · €100,000
Staff costs
€127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
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 12,304 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.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €66,699 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €127 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,677 | €413 | €2,790 | €4,700 | €5,142 | ▲ 9.4% |
| Other operating charges640/8 | - | €1,756 | €677 | €2,432 | €7,716 | ▲ 217% |
| Gross operating margin9900 | €3,577 | -€574 | €2,968 | €2,970 | -€13,230 | ▼ 545% |
| Operating profit (loss)9901 | €662 | -€2,743 | -€500 | -€4,162 | -€26,215 | ▼ 530% |
| Financial charges65/66B | - | €177 | €59 | €1,319 | €90 | ▼ 93.2% |
| Recurring financial charges65 | €120 | €177 | €59 | €80 | €90 | ▲ 13.2% |
| Non-recurring financial charges66B | - | - | - | €1,240 | - | - |
| Profit (loss) for the period before taxes9903 | €543 | -€2,920 | -€558 | -€5,481 | -€26,305 | ▼ 380% |
| Profit (loss) for the period9904 | €543 | -€2,920 | -€558 | -€5,481 | -€26,305 | ▼ 380% |
| Profit (loss) for the period to be appropriated9905 | €543 | -€2,920 | -€558 | -€5,481 | -€26,305 | ▼ 380% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364,197 | €383,204 | €356,587 | €323,452 | €358,318 | ▲ 10.8% |
| Fixed assets21/28 | €337,218 | €283,655 | €304,365 | €298,425 | €331,229 | ▲ 11.0% |
| Tangible fixed assets22/27 | €337,218 | €283,655 | €304,365 | €298,425 | €331,229 | ▲ 11.0% |
| Land and buildings22 | - | €282,002 | €282,002 | €282,002 | €317,157 | ▲ 12.5% |
| Plant, machinery and equipment23 | - | - | €4,415 | €3,315 | €4,226 | ▲ 27.5% |
| Furniture and vehicles24 | - | €1,653 | €17,948 | €13,108 | €9,847 | ▼ 24.9% |
| Current assets29/58 | €26,979 | €99,550 | €52,223 | €25,027 | €27,089 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €2,048 | €10,910 | €24,022 | €19,501 | €26,294 | ▲ 34.8% |
| Trade receivables40 | - | €454 | €7,454 | - | €2,671 | - |
| Other amounts receivable41 | - | €10,456 | €16,567 | €19,501 | €23,622 | ▲ 21.1% |
| Cash at bank and in hand54/58 | €24,931 | €88,640 | €28,201 | €5,526 | €795 | ▼ 85.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364,197 | €383,204 | €356,587 | €323,452 | €358,318 | ▲ 10.8% |
| Equity10/15 | €179,449 | €169,880 | €169,322 | €163,841 | €137,536 | ▼ 16.1% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €117,475 | €117,475 | €117,475 | €117,475 | €117,475 | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | €111,278 | €111,278 | €111,278 | €111,278 | = |
| Profit (loss) carried forward14 | - | -€9,568 | -€10,127 | -€15,608 | -€41,913 | ▼ 169% |
| Amounts payable17/49 | €184,748 | €213,324 | €187,266 | €159,611 | €220,782 | ▲ 38.3% |
| Amounts payable after more than one year17 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Financial debts170/4 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Amounts payable within one year42/48 | €84,748 | €113,324 | €87,266 | €59,611 | €120,782 | ▲ 103% |
| Trade debts44 | €17,558 | €44,384 | €20,531 | €3,592 | €393 | ▼ 89.0% |
| Suppliers440/4 | - | €44,384 | €20,531 | €3,592 | €393 | ▼ 89.0% |
| Other amounts payable47/48 | - | €68,941 | €66,735 | €56,019 | €120,389 | ▲ 115% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €543 | -€2,920 | -€558 | -€5,481 | -€26,305 | ▼ 380% |
| + Depreciation and write-downs630 | €1,677 | €413 | €2,790 | €4,700 | €5,142 | ▲ 9.4% |
| Operating cash flow (approximation) | €2,220 | -€2,507 | €2,232 | -€781 | -€21,163 | ▼ 2,610% |
| Investment in fixed assets (approximation) | - | - | -€23,500 | €1,240 | -€37,947 | ▼ 3,161% |
| Change in cash | - | - | -€60,439 | -€22,675 | -€4,731 | ▲ 79.1% |
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
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€26,305
Net result drops to -€26,305, the lowest in the series.
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
2015
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kasterlee · 1 establishment unit since 1993
Ground area
1.7 ha
Building footprint
1,686 m²
Volume, LiDAR
7,881 m³
Parcel 13017C0775/00B000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Withagen 2, 2460 Kasterlee
since 19932.064.951.242
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017C0775/00B000 | Flanders | 1.7 ha | 1 · 1,686 m² | 6.8 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 2,257 EUR awarded · 2,257 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,257 EUR | 2,257 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKasterlee2.064.951.242
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Of 20,584 companies in sector 01500 we hold annual accounts for 1,149. 900 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-12-1993
Fiscal year end31-03
Activities, NACEBEL 2025
01500Mixed farming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451610125
Registered
24-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.