The computed 12-month bankruptcy probability of NETLEAF is 2.7% (moderate). The 2025 annual accounts show negative equity (-€1.2m) and a net result of -€739,609. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 6,141 sector peers (NACE 46, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Auditor: Moore Audit2025 accounts 14 days early10 of 14 deeds summarised
Why 49raises riskLoss of €739,609, the second in a row (financial year 2025)Negative equity -€1.2mlowers riskSize: 21.1 FTE, total assets €4.4mFigures for financial year 2025 (filed 17-07-2026)Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
49/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 4% of its sector peers (NACE 46, small)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency0-14
equity -28.3% of total assets
Liquidity15+3
short-term debt 93.1% · cash 12.3%
Profitability0-11
return on assets -16.9%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
2.7%Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.2% (4,374 companies, NACE 46, small)
Last 24 months11-2024: 4.0%12-2024: 4.0%● unchanged vs 11-202401-2025: 4.0%● unchanged vs 12-202402-2025: 4.0%● unchanged vs 01-202503-2025: 4.0%● unchanged vs 02-202504-2025: 4.1%▲ +0.1 percentage points vs 03-202505-2025: 4.1%● unchanged vs 04-202506-2025: 4.3%▲ +0.2 percentage points vs 05-202507-2025: 4.5%▲ +0.2 percentage points vs 06-2025highest value08-2025: 1.5%▼ -3.0 percentage points vs 07-2025lowest value09-2025: 1.5%● unchanged vs 08-2025lowest value10-2025: 1.5%● unchanged vs 09-2025lowest value11-2025: 1.5%● unchanged vs 10-2025lowest value12-2025: 1.5%● unchanged vs 11-2025lowest value01-2026: 1.5%● unchanged vs 12-2025lowest value02-2026: 1.5%● unchanged vs 01-202603-2026: 1.5%● unchanged vs 02-202604-2026: 1.6%▲ +0.1 percentage points vs 03-202605-2026: 1.6%● unchanged vs 04-202606-2026: 1.8%▲ +0.2 percentage points vs 05-202607-2026: 1.8%● unchanged vs 06-202608-2026: 2.3%▲ +0.5 percentage points vs 07-202609-2026: 2.3%● unchanged vs 08-202610-2026: 2.7%▲ +0.4 percentage points vs 09-2026
No credit on open account
Liquidity tight (current ratio 1.05, compared with 1.22 in 2024, below the usual 1.5; short-term debt: 93.1% and cash: 12.3% of total assets), and equity is negative.
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 46, small): better than 1% on solvency, 13% on liquidity, 1% on profitability and 1% on growth.
The bankruptcy probability was computed on 26-10-2026 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).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 filed years within 30 days of that day).
2021 to 2025, 5 financial years2018 to 2025, 8 financial years
The operating result stays negative: a loss of €673,656 in 2025 against €230,722 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.7m2025Net result-€0.7m2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.4m2025Equity-€1.2m2025Debt€5.6m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-16.9%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-28.3%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.052025
Average staff in full-time equivalents (FTE).
Staff (FTE)21.12025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: 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), Staff (FTE).
Every figure with its change against the financial year before
Net result€0.002m-€0.06m▲ 27×€0.03mwithin the sector's middle half▼ 55.3%€0.05mwithin the sector's middle half▲ 69.5%€0.2mabove the sector's middle half▲ 330%-€0.8mbelow the sector's middle half-€0.3mbelow the sector's middle half▲ 61.5%-€0.7mbelow the sector's middle half▼ 153%
Equity€0.2m-€0.3m▲ 28.6%€0.3mwithin the sector's middle half▲ 9.9%€0.4mwithin the sector's middle half▲ 15.3%€0.6mwithin the sector's middle half▲ 57.2%-€0.2mbelow the sector's middle half-€0.5mbelow the sector's middle half▼ 140%-€1.2mbelow the sector's middle half▼ 148%
Total assets€0.7m-€0.9m▲ 26.8%€0.9mwithin the sector's middle half▼ 5.6%€1.5mwithin the sector's middle half▲ 73.2%€2.3mwithin the sector's middle half▲ 57.6%€4.1mabove the sector's middle half▲ 75.1%€4.6mabove the sector's middle half▲ 12.6%€4.4mwithin the sector's middle half▼ 4.7%
Working capital€0.2m-€0.2m▲ 25.6%€0.3mwithin the sector's middle half▲ 15.8%€0.3mwithin the sector's middle half▲ 18.4%€0.5mwithin the sector's middle half▲ 54.1%€1.1mabove the sector's middle half▲ 102%€0.8mwithin the sector's middle half▼ 23.1%€0.2mwithin the sector's middle half▼ 74.0%
Solvency30.1%-30.5%▲ 0.4pp35.6%within the sector's middle half▲ 5.0pp23.7%within the sector's middle half▼ 11.9pp23.6%within the sector's middle half▼ 0.1pp-5.1%below the sector's middle half▼ 28.7pp-10.9%below the sector's middle half▼ 5.8pp-28.3%below the sector's middle half▼ 17.4pp
Current ratio1.40-1.40=1.54within the sector's middle half▲ 0.131.30within the sector's middle half▼ 0.231.31within the sector's middle half=1.37within the sector's middle half▲ 0.061.22within the sector's middle half▼ 0.141.05below the sector's middle half▼ 0.17
Return on assets (ROA)0.3%-6.8%▲ 6.5pp3.2%within the sector's middle half▼ 3.6pp3.1%within the sector's middle half▼ 0.1pp8.6%within the sector's middle half▲ 5.4pp-18.6%below the sector's middle half▼ 27.2pp-6.4%below the sector's middle half▲ 12.2pp-16.9%below the sector's middle half▼ 10.5pp
Staff (FTE)3.8-4.7▲ 23.7%5.2within the sector's middle half▲ 10.6%6.2within the sector's middle half▲ 19.2%9.3above the sector's middle half▲ 50.0%17.4above the sector's middle half▲ 87.1%21.9above the sector's middle half▲ 25.9%21.1within the sector's middle half▼ 3.7%
abovewithinbelowthe middle half of NACE 46, Wholesale trade: 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.
Why a figure moved sharply
2025Net result -153% on 2024.The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
98.0%
Fixed assets€88,922 ▼ 26.3%
Current assets€4.3m ▼ 4.1%
Equity and liabilities
Equity-€1.2m
Debt€5.6m
Equity is negative: debt (€5.6m) exceeds the balance-sheet total (€4.4m).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€641,918▼
2024 · -€199,680
Cash flow
-€707,871▼
2024 · -€261,282
Quick ratio
1.03▼
2024 · 1.20
Interest coverage
-8.64▼
2024 · -3.06
Debt ≤ 1 year
€4.1m▲
2024 · €3.7m
Income taxes
€4,982▼
2024 · €5,344
Staff costs
€1.8m▲
2024 · €1.7m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83.4% are still going.
Small
10 to 20 years old
negative equity
a loss of 10% of the balance sheet or more
9.4%went bankrupt
6.0%stopped otherwise
83.4%still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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 598 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 57 lines
Balance sheetCode20242025
Assets
Total assets20/58€4.6m€4.4m▼
Fixed assets21/28€0.1m€0.09m▼
Tangible fixed assets22/27€0.1m€0.08m▼
Plant, machinery and equipment23€0.02m€0.01m▼
Furniture and vehicles24€0.07m€0.05m▼
Other tangible fixed assets26€0.01m€0.01m▼
Financial fixed assets28€0.01m€0.01m=
Current assets29/58€4.5m€4.3m▼
Stocks and contracts in progress3€0.08m€0.1m▲
Stocks30/36€0.08m€0.1m▲
Amounts receivable within one year40/41€4.2m€3.5m▼
Trade receivables40€4.0m€3.2m▼
Other amounts receivable41€0.2m€0.3m▲
Cash at bank and in hand54/58€0.2m€0.5m▲
Deferred charges and accrued income490/1€0.03m€0.1m▲
Equity and liabilities
Total equity and liabilities10/49€4.6m€4.4m▼
Equity10/15-€0.5m-€1.2m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.5m€0.5m=
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Distributable reserves133€0.5m€0.5m=
Profit (loss) carried forward14-€1.1m-€1.8m▼
Amounts payable17/49€5.1m€5.6m▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€3.7m€4.1m▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2.2m€2.3m▲
Suppliers440/4€2.2m€2.3m▲
Taxes, remuneration and social security45€0.4m€0.2m▼
Taxes450/3€0.3m€0.04m▼
Remuneration and social security454/9€0.2m€0.2m▼
Other amounts payable47/48€1.0m€1.6m▲
Accrued charges and deferred income492/3€1.4m€1.5m▲
Income statementCode20242025
Remuneration, social security and pensions62€1.7m€1.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€0.02m▲
Other operating charges640/8€0.03m€0.002m▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.5m€1.1m▼
Operating profit (loss)9901-€0.2m-€0.7m▼
Financial income75/76B€0.009m€0.01m▲
Recurring financial income75€0.009m€0.01m▲
Financial charges65/66B€0.07m€0.07m▲
Recurring financial charges65€0.07m€0.07m▲
Profit (loss) for the period before taxes9903-€0.3m-€0.7m▼
Income taxes67/77€0.005m€0.005m▼
Profit (loss) for the period9904-€0.3m-€0.7m▼
Profit (loss) for the period to be appropriated9905-€0.3m-€0.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.1m-€1.8m▼
Profit (loss) brought forward from the previous period14P-€0.8m-€1.1m▼
Social balance sheet
Average headcount (FTE)908721.921.1▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Non-recurring operating income76A
-
-
-
€0
-
-
-
-
-
Remuneration, social security and pensions62
-
-
-
€0.4m
€0.6m
€1.3m
€1.7m
€1.8m
▲ 3.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.02m
€0.01m
€0.01m
€0.01m
€0.02m
€0.03m
€0.03m
€0.03m
▲ 2.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
-
-
-€0.002m
€0
€0.02m
-
Other operating charges640/8
-
-
-
€0.006m
€0.006m
€0.06m
€0.03m
€0.002m
▼ 93.9%
Non-recurring operating charges66A
-
-
-
-
€250
€0.002m
€0
-
-
Gross operating margin9900
€0.2m
€0.3m
€0.3m
€0.5m
€0.9m
€0.7m
€1.5m
€1.1m
▼ 25.4%
Operating profit (loss)9901
€0.01m
€0.1m
€0.05m
€0.08m
€0.3m
-€0.7m
-€0.2m
-€0.7m
▼ 192%
Financial income75/76B
-
-
-
€0.005m
€0.005m
€0.008m
€0.009m
€0.01m
▲ 48.0%
Recurring financial income75
€0.001m
€0.002m
€5
€0.005m
€0.005m
€0.008m
€0.009m
€0.01m
▲ 48.0%
Financial charges65/66B
-
-
-
€0.01m
€0.01m
€0.03m
€0.07m
€0.07m
▲ 13.9%
Recurring financial charges65
€0.006m
€0.004m
€0.005m
€0.01m
€0.01m
€0.03m
€0.07m
€0.07m
▲ 13.9%
Profit (loss) for the period before taxes9903
€0.009m
€0.09m
€0.04m
€0.07m
€0.3m
-€0.8m
-€0.3m
-€0.7m
▼ 156%
Income taxes67/77
€0.007m
€0.03m
€0.01m
€0.03m
€0.08m
€0.006m
€0.005m
€0.005m
▼ 6.8%
Profit (loss) for the period9904
€0.002m
€0.06m
€0.03m
€0.05m
€0.2m
-€0.8m
-€0.3m
-€0.7m
▼ 153%
Profit (loss) for the period to be appropriated9905
€0.002m
€0.06m
€0.03m
€0.05m
€0.2m
-€0.8m
-€0.3m
-€0.7m
▼ 153%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€0.7m
€0.9m
€0.9m
€1.5m
€2.3m
€4.1m
€4.6m
€4.4m
▼ 4.7%
Fixed assets21/28
€0.02m
€0.04m
€0.03m
€0.02m
€0.1m
€0.1m
€0.1m
€0.09m
▼ 26.3%
Tangible fixed assets22/27
€0.02m
€0.04m
€0.03m
€0.02m
€0.1m
€0.1m
€0.1m
€0.08m
▼ 29.6%
Plant, machinery and equipment23
-
-
-
€0
€0.02m
€0.02m
€0.02m
€0.01m
▼ 29.2%
Furniture and vehicles24
-
-
-
€0.01m
€0.08m
€0.08m
€0.07m
€0.05m
▼ 33.3%
Other tangible fixed assets26
-
-
-
€0.003m
€0.003m
€0.02m
€0.01m
€0.01m
▼ 11.8%
Financial fixed assets28
€0.004m
€0.004m
€0.004m
€0.004m
€0.004m
€0.01m
€0.01m
€0.01m
=
Current assets29/58
€0.7m
€0.9m
€0.8m
€1.5m
€2.2m
€4.0m
€4.5m
€4.3m
▼ 4.1%
Stocks and contracts in progress3
-
-
-
€0.05m
€0.05m
€0
€0.08m
€0.1m
▲ 18.0%
Stocks30/36
-
-
-
€0.05m
€0.05m
€0
€0.08m
€0.1m
▲ 18.0%
Amounts receivable within one year40/41
€0.6m
€0.7m
€0.6m
€1.2m
€2.1m
€3.8m
€4.2m
€3.5m
▼ 14.9%
Trade receivables40
-
-
-
€1.2m
€1.9m
€3.7m
€4.0m
€3.2m
▼ 19.3%
Other amounts receivable41
-
-
-
€0.002m
€0.2m
€0.1m
€0.2m
€0.3m
▲ 73.3%
Cash at bank and in hand54/58
€0.1m
€0.1m
€0.2m
€0.2m
€0.07m
€0.1m
€0.2m
€0.5m
▲ 179%
Deferred charges and accrued income490/1
-
-
-
€0.04m
€0.06m
€0.02m
€0.03m
€0.1m
▲ 303%
Equity and liabilities
Total equity and liabilities10/49
€0.7m
€0.9m
€0.9m
€1.5m
€2.3m
€4.1m
€4.6m
€4.4m
▼ 4.7%
Equity10/15
€0.2m
€0.3m
€0.3m
€0.4m
€0.6m
-€0.2m
-€0.5m
-€1.2m
▼ 148%
Contributions10/11
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Capital10
-
-
-
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Issued capital100
-
-
-
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Reserves13
€0.2m
€0.2m
€0.2m
€0.3m
€0.5m
€0.5m
€0.5m
€0.5m
=
Non-distributable reserves130/1
-
-
-
€0.006m
€0.006m
€0.006m
€0.006m
€0.006m
=
Legal reserve130
-
-
-
€0.006m
€0.006m
€0.006m
€0.006m
€0.006m
=
Distributable reserves133
-
-
-
€0.3m
€0.5m
€0.5m
€0.5m
€0.5m
=
Profit (loss) carried forward14
-
-
-
-
-
-€0.8m
-€1.1m
-€1.8m
▼ 70.3%
Amounts payable17/49
€0.5m
€0.6m
€0.6m
€1.1m
€1.8m
€4.3m
€5.1m
€5.6m
▲ 10.3%
Amounts payable after more than one year17
€0.005m
€0.01m
€0.01m
€0.01m
€0.08m
€0.1m
€0
-
-
Financial debts170/4
-
-
-
€0.01m
€0.08m
€0.1m
€0
-
-
Amounts payable within one year42/48
€0.5m
€0.6m
€0.5m
€1.1m
€1.7m
€2.9m
€3.7m
€4.1m
▲ 11.5%
Current portion of amounts payable after more than one year42
-
-
-
€0.02m
€0.02m
€0.01m
€0
-
-
Financial debts43
-
-
-
-
€0.007m
€0.1m
€0
-
-
Credit institutions430/8
-
-
-
-
-
€0.1m
€0
-
-
Other loans439
-
-
-
-
€0.007m
€0
-
-
-
Trade debts44
€0.4m
€0.5m
€0.4m
€1.0m
€1.2m
€2.3m
€2.2m
€2.3m
▲ 3.0%
Suppliers440/4
-
-
-
€1.0m
€1.2m
€2.3m
€2.2m
€2.3m
▲ 3.0%
Taxes, remuneration and social security45
-
-
-
€0.1m
€0.3m
€0.4m
€0.4m
€0.2m
▼ 58.0%
Taxes450/3
-
-
-
€0.1m
€0.3m
€0.2m
€0.3m
€0.04m
▼ 86.3%
Remuneration and social security454/9
-
-
-
€0.03m
€0.07m
€0.1m
€0.2m
€0.2m
▼ 17.7%
Other amounts payable47/48
-
-
-
€0
€0.2m
€0.1m
€1.0m
€1.6m
▲ 63.6%
Accrued charges and deferred income492/3
-
-
-
-
-
€1.3m
€1.4m
€1.5m
▲ 7.3%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€2,303
€61,497
€27,473
€46,574
€200,198
-€759,120
-€292,325
-€739,609
▼ 153%
+ Depreciation and write-downs630
€16,738
€11,716
€11,716
€9,726
€24,475
€32,828
€31,043
€31,738
▲ 2.2%
Operating cash flow (approximation)
€19,041
€73,213
€39,189
€56,301
€224,673
-€726,292
-€261,282
-€707,871
▼ 171%
Investment in fixed assets (approximation)
-
-€32,190
€0
€0
-€106,183
-€56,146
-€25,862
€1
-
Change in cash
-
-€8,042
€71,470
€1,976
-€121,765
€79,984
€45,641
€345,646
▲ 657%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 2,070 active companies whose main activity is wholesale of information and communication equipment (NACE 46500), figures are known for 1,412. 559 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
9 directors, 2 in day-to-day management, last change in 2026
Not every act has been read: a resignation may still be missing
4 of this company's 14 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 7 April 2011, NETLEAF was incorporated.1In 2026 the registered office moved to Mechelen.2Total assets went from €713,872 in 2018 to €4.4m in 2025 and headcount from 3.8 to 21.1 full-time equivalents.3
A profit in every financial year since 2018 builds equity to €550,418.
29-09
NBB filingAnnual accounts filed
financial year 2021 · abbreviated format · 60 days late
2021
27-07
NBB filingAnnual accounts filed
financial year 2020 · abbreviated format
2020
10-09
NBB filingAnnual accounts filed
financial year 2019 · abbreviated format · 41 days late
2019
19-09
NBB filingAnnual accounts filed
financial year 2018 · abbreviated format · 50 days late
2018
31-07
NBB filingAnnual accounts filed
financial year 2017 · abbreviated format
2017
26-07
NBB filingAnnual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 15 annual accounts filed, the latest 10 are here; all 15 are under Financials.
10 of 14 deeds read
About the unread acts
Of the 14 Belgian Official Gazette deeds we know for this company, 10 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Antwerpsesteenweg 18, 2840 RumstWholesale of information and communication equipment
since 2011unit no. 2.198.825.593
2 parcels
Flanders2(100%)
Cadastral parcel
Region
Area
Buildings
Height / floors
12402A0114/00G000
Flanders
1.6 ha
1 · 1,338 m²
-
11037A0167/00W003
Flanders
1,835 m²
1 · 452 m²
11.9 m · 3
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
PurposeThe activities the company may carry out under its articles.
“Alle verrichtingen die verband houden met de aanwending voor alle doeleinden van software en hardware en alle aanverwante, elektronische…” (deed in Dutch)
3 activities (deed in Dutch)
Alle verrichtingen die verband houden met de aanwending voor alle doeleinden van software en hardware en alle aanverwante, elektronische middelen, zoals het opmaken van en de analyse van softwareprogramma’s
Alle mogelijke dienstverleningen, het geven van advies en het verlenen van consultancy in het algemeen, en in het bijzonder op gebied van software, hardware en netwerken
De aankoop en de verkoop, het huren en verhuren, het onderhoud en de herstelling van alle computers, onderdelen, toebehoren en aanverwante toestellen en apparaten
Who signsWho may bind the company towards others, for example by signing a contract.
“De raad van bestuur en de gedelegeerden tot het dagelijks be-stuur, deze laatsten binnen de grenzen van dit bestuur, mogen bijzondere…”
Board ruleHow the board is made up, meets and takes decisions.
“Al dan niet aandeelhouders, 3” (deed in Dutch)
“Overblijvende bestuurders hebben het recht om voorlopig in de vacature te voorzien, algemene vergadering” (deed in Dutch)
“Alle handelingen te verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp van de vennootschap, beholdens die waarvoor…” (deed in Dutch)
“Omvat zowel de handelingen en beslissingen die niet verder reiken dan de behoeften van het dagelijkse leven van de vennootschap, evenals de…” (deed in Dutch)
Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
“2.om de opdeling in 3 soorten van aandelen, te weten de Aandelen A, Aandelen B en Aandelen C, af te schaffen, zodoende het kapitaal van de…” (deed in Dutch)
Meeting accessWho may attend the meeting and what is needed to be admitted.
Dissolution ruleWhen and by whom the company can be dissolved.
“Algemene vergadering bepaalt de wijze van vereffening overeenkomstig de wettelijke bepalingen, bestuursorgaan als vereffenaar ten aanzien…” (deed in Dutch)
Liquidation distribution: “Naar verhouding van het aantal aandelen dat zij bezitten, goederen die nog in natura voorhanden zijn op dezelfde wijze verdeeld” (deed in Dutch)