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NETHELINE

Active
Private limited companyfounded 200520 yrs activeAtealaan 28, 2270 Herenthout, BelgiumKBO/BCE: BE 0876.631.857
Summary

NETHELINE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €447,982 and a net result of €15,973. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 1770 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
NETHELINEActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of cocoa, chocolate and sugar confectionery
NACE 10820NACE 15840
#8 company by total assets in Herenthout, Manufacturing sector1 site
Size
€741,384total assets 2025
Staff
0.7 FTE
Equity
€447,982
Profit
€15,973
Turnover not published (abridged schema)
Financial health
89 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts filed 27 d late0 of 1 deed read
Why 89- Sector Manufacture of food products (NACE 10)+ Size: total assets €741,384+ Figures for FY 2025 (filed 27-08-2026)+ Founded in 2005Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Better than 44% of its sector peers (NACE 10, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 85+3
equity 60.4% of total assets
Liquidity 41+1
short-term debt 37.3% · cash 6.5%
Profitability 32-7
return on assets 2.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.2% (3,041 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%▲ +5.4% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▲ +2.6% vs 01-2025 03-2025: 0.2%▼ -1.3% vs 02-2025 04-2025: 0.3%▲ +6.4% vs 03-2025 05-2025: 0.2%▼ -1.6% vs 04-2025 06-2025: 0.3%▲ +26.7% vs 05-2025 07-2025: 0.2%▼ -34.5% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▲ +1.5% vs 01-2026 03-2026: 0.2%▲ +1.9% vs 02-2026 04-2026: 0.2%▲ +7.5% vs 03-2026 05-2026: 0.2%▼ -3.1% vs 04-2026 06-2026: 0.2%▲ +10.4% vs 05-2026 07-2026: 0.3%▲ +28.3% vs 06-2026 08-2026: 0.7%▲ +112% vs 07-2026highest value 09-2026: 0.2%▼ -73.9% vs 08-2026lowest value 10-2026: 0.2%● 0.0% vs 09-2026lowest value
  • Sector Manufacture of food products (NACE 10) raises the probability
  • Size: total assets €741,384 lowers the probability for this profile
  • Figures for FY 2025 (filed 27-08-2026) lowers the probability
  • Founded in 2005 lowers the probability for this profile
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.6 in 2024; short-term debt: 37.3% and cash: 6.5% of total assets), and 39.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, micro). Better than this share of them on solvency 75%, liquidity 33%, profitability 22%, growth against the median 46%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Manufacture of food products (NACE 10)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: total assets €741,384
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 27-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2005
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
27 d late
2024
40 d early
2023
37 d early
2022
37 d early
2021
35 d early
2020
23 d early
2019
39 d early
← 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 26 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

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. Usually files around 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet €15,973 ▼42.1%
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Among the best 6% on equitysector median €51,711 · 1,773 companies €447,982 View
  • Positive: 8 profitable years in a rowprofit 2025: €15,973 8 years View
  • Total assets 20256 fiscal years filed €741,384 View

By topic

Financials

Fiscal year
2025
Total assets
€741,384
Profit
€15,973
Solvency
60.4%
Total assets▼ 2.2%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 27-08-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 21-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of cocoa, chocolate and sugar confectioneryNACE 10820
Founded
12-10-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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