Payment terms
63 days to suppliers
NETOLITE pays its suppliers 58 days later than in 2024. Customers pay 35 days later.
NETOLITE
Lifetime
18 annual accounts with figures on one time axis, 23 filings since 2001peak €2.0m (2014)
€235,118▲ 0.6%
lowest -€24,602 (2022)
€6,587▲ €14,313
peak €219,102 (2015)
€162,117▲ 4.2%
€58,102▲ 255%
peak 2.4 FTE (2017)
-not published
Board4 names since 2021
3 directorsMarie SIMON and 2 others
Documentsfilings and deeds
31-03-202659 days late
2025micro format
Gross margin from €101,312 to €119,448Back to profit: €6,587Debts from €16,377 to €58,102
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 61% of micro companies in electrical equipment (NACE 27)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 437 companies (NACE 27, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.3%▲ +0.1 percentage points vs 01-2025
03-2025: 0.4%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%▼ -0.3 percentage points vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.2%▲ +0.1 percentage points vs 09-2025
11-2025: 0.1%▼ -0.1 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.2 percentage points vs 03-2026highest value
05-2026: 0.2%▼ -0.3 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €235,118, total assets €227,719
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 3.25, cash €63,074
Founded in 2000
Calculation
The band follows from the bankruptcy probability. 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 27, micro). It does better than 75% of them on solvency, 80% on liquidity, 47% on profitability and 44% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as NETOLITE has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NETOLITE itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for NETOLITE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.25 (6.45 in 2024), above the usual 1.5. Short-term debt is 20.6% and cash 27.7% of total assets. 28.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-03-2026, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
59 days late
2024
28 days late
2023
29 days late
2022
28 days late
2021
28 days late
2019
27 days late
2018
57 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
Recent changes
2 directors appointed, 1 resignation, 2 reappointments
Resignation: CEUNEN Nathalie · Reappointments: Thierry SIMON and Michel MOTTE · Appointments: Marie SIMON and Thierry SIMON (managing director) · General meeting of 13-08-2021 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0471496016
First establishment
Rue du Rabiseau, Fleurus
Incorporation
published on 01-04-2000 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NETOLITE Fleurus | €227,719 | €119,448 | 71.2% | - |
| TOTEMPOSE HENNAUX Walcourt | €312,589 | €194,096 | 9.4% | - |
| LUSTRERIE GOOSSE Sprimont | €234,922 | €132,496 | 37.0% | - |
| MICH Mechelen | €225,084 | €87,845 | 71.5% | - |
| AXIS 71 Hoegaarden | €215,524 | €58,203 | -39.7% | - |
| COMOBEL Gembloux | €264,746 | €49,712 | -26.2% | 0 |
| Ceusters Scherpenheuvel-Zichem | €454,577 | €115,078 | 58.4% | - |
These companies have the same main activity as NETOLITE: manufacture of electrical equipment (NACE 27402). They are comparable in size and age: total assets between €216,000 and €455,000, founded between 1992 and 2006.
Official details
Source: KBO- Status
- Active since 23-03-2000Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27402and 2 others
- Establishment unit
- 2.094.916.8196220 Fleurus, since 25-04-2000
- Financial year end
- 30 June
- Peppol
- Reachable since 20-11-2020
Annual accounts to 30-06-2025
- €227,719▲ 26.9%
- ≈ 2.6 FTEestimated
- Filing
- Filed on 31-03-2026
Insights on NETOLITE
NETOLITE has existed since 2000. Turnover fell from €2.0m in 2014 to €211,581 in 2015, while staff rose from 1 to 1.8 full-time equivalents.
Turnover has grown every year since 2022. Solvency fell in 2025 from 86.7% to 71.2% because of higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NETOLITE
- What is the company number of NETOLITE?
- The company number of NETOLITE is 0471.496.016. The VAT number is the same number with BE in front: BE 0471.496.016.
- Where is NETOLITE based?
- The registered office is at Rue du Rabiseau 10, 6220 Fleurus.Company details
- What does NETOLITE do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27402).
- What is the legal form of NETOLITE?
- NETOLITE is a public limited company (NV).
- When was NETOLITE founded?
- NETOLITE was founded on 23-03-2000.
- Is NETOLITE still active?
- Yes, NETOLITE is an active enterprise in the KBO register.
- How many employees does NETOLITE have?
- NETOLITE had an average of 2.4 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of NETOLITE?
- The turnover of NETOLITE was €235,118 in financial year 2025, according to the filed annual accounts.
- Is NETOLITE profitable?
- In financial year 2025, NETOLITE made a profit of €6,587.
- Where can I find the annual accounts of NETOLITE?
- NETOLITE filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NETOLITE due?
- NETOLITE must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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