NETOLITE
ActiveSummary
NETOLITE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162k and a net result of €7k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+13
Solvency96▼-4
Growth52▲+16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.25 against 6.45 in 2024; short-term debt: 20.6% and cash: 27.7% of total assets), and 28.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more 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
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
71.2%
Return on assets
2.9%
Age of the figures
15 mo
neutral · Filed after the deadline
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. 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
59 d late
2024
28 d late
2023
29 d late
2022
28 d late
2021
28 d late
2019
27 d late
2018
57 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€235k▲ 0.6%
2024 · €234k
2019: €201k
2021: €211k
2022: €191k▼ -9.4% vs 2021lowest value
2023: €205k▲ +7.0% vs 2022
2024: €234k▲ +14.2% vs 2023
2025: €235k▲ +0.6% vs 2024highest value
2019 → 2025
EBIT margin
3.1%▲ 6.0pp
2024 · -2.9%
2019: 1.3%
2021: -1.8%
2022: -12.3%▼ -582% vs 2021lowest value
2023: -5.0%▲ +59.6% vs 2022
2024: -2.9%▲ +41.5% vs 2023
2025: 3.1%▲ +205% vs 2024highest value
2019 → 2025
Net result
€7k
2024 · €-8k
2019: €2k
2021: €-5k
2022: €-25k▼ -392% vs 2021lowest value
2023: €-11k▲ +56.0% vs 2022
2024: €-8k▲ +28.6% vs 2023
2025: €7k▲ +185% vs 2024highest value
2019 → 2025
Working capital
€105k▲ 21.1%
2024 · €87k
2019: €140khighest value
2021: €139k
2022: €114k▼ -18.0% vs 2021
2023: €103k▼ -10.0% vs 2022
2024: €87k▼ -15.2% vs 2023lowest value
2025: €105k▲ +21.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€211k-€191k▼ 9.4%€205k▲ 7.0%€234k▲ 14.2%€235k▲ 0.6%
2021: €211k
2022: €191k▼ -9.4% vs 2021lowest in 5 years
2023: €205k▲ +7.0% vs 2022
2024: €234k▲ +14.2% vs 2023
2025: €235k▲ +0.6% vs 2024highest in 5 years
Equity€199k-€174k▼ 12.4%€163k▼ 6.2%€156k▼ 4.7%€162k▲ 4.2%
2021: €199khighest in 5 years
2022: €174k▼ -12.4% vs 2021
2023: €163k▼ -6.2% vs 2022
2024: €156k▼ -4.7% vs 2023lowest in 5 years
2025: €162k▲ +4.2% vs 2024
Operating result€-4k-€-24k▼ 518%€-10k▲ 56.8%€-7k▲ 33.1%€7k
2021: €-4k
2022: €-24k▼ -518% vs 2021lowest in 5 years
2023: €-10k▲ +56.8% vs 2022
2024: €-7k▲ +33.1% vs 2023
2025: €7k▲ +206% vs 2024highest in 5 years
Net result€-5k-€-25k▼ 392%€-11k▲ 56.0%€-8k▲ 28.6%€7k
2021: €-5k
2022: €-25k▼ -392% vs 2021lowest in 5 years
2023: €-11k▲ +56.0% vs 2022
2024: €-8k▲ +28.6% vs 2023
2025: €7k▲ +185% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €7k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228k
Fixed assets
€76k ▼ 1.2%
Current assets
€152k ▲ 47.9%
Equity and liabilities €228k
Equity
€162k ▲ 4.2%
Provisions
€8k =
Debt
€58k ▲ 255%
Debt's share of the balance-sheet total rises from 9.1% to 25.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▲
2024 · €12k
Cash flow
€24k▲
2024 · €11k
Current ratio
3.25▼
2024 · 6.45
Quick ratio
2.76▼
2024 · 4.90
Debt to equity
0.36▲
2024 · 0.11
ROE
4.1%▲
2024 · -5.0%
ROA
2.9%▲
2024 · -4.3%
Interest coverage
39.08▲
2024 · 12.25
Debt ≤ 1 year
€47k▲
2024 · €16k
Debt > 1 year
€0=
2024 · €0
Staff costs
€91k▲
2024 · €85k
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€179k€228k▲
Fixed assets21/28€77k€76k▼
Tangible fixed assets22/27€60k€59k▼
Land and buildings22€26k€22k▼
Plant, machinery and equipment23€30k€38k▲
Furniture and vehicles24€4k€0▼
Financial fixed assets28€16k€16k=
Current assets29/58€103k€152k▲
Amounts receivable after more than one year29€17k€17k=
Trade receivables290€17k€17k=
Stocks and contracts in progress3€25k€23k▼
Stocks30/36€25k€23k▼
Amounts receivable within one year40/41€5k€47k▲
Trade receivables40€5k€28k▲
Other amounts receivable41€0€19k▲
Cash at bank and in hand54/58€56k€63k▲
Deferred charges and accrued income490/1€248€2k▲
Equity and liabilities
Total equity and liabilities10/49€179k€228k▲
Equity10/15€156k€162k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€18k€18k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€12k€12k=
Profit (loss) carried forward14€76k€82k▲
Provisions and deferred taxes16€8k€8k=
Provisions for liabilities and charges160/5€8k€8k=
Other liabilities and charges164/5€8k€8k=
Amounts payable17/49€16k€58k▲
Amounts payable after more than one year17€0€0=
Financial debts170/4€0€0=
Amounts payable within one year42/48€16k€47k▲
Current portion of amounts payable after more than one year42€4k€0▼
Trade debts44€2k€23k▲
Suppliers440/4€2k€23k▲
Taxes, remuneration and social security45€9k€23k▲
Taxes450/3€6k€17k▲
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€976€623▼
Accrued charges and deferred income492/3€430€11k▲
Income statement
Code20242025
Turnover70€234k€235k▲
Non-recurring operating income76A€69€0▼
Goods, raw materials, services and sundry goods60/61€153k€131k▼
Remuneration, social security and pensions62€85k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€258€0▼
Gross operating margin9900€101k€119k▲
Operating profit (loss)9901€-7k€7k▲
Financial income75/76B€131€0▼
Recurring financial income75€131€0▼
Financial charges65/66B€1k€638▼
Recurring financial charges65€1k€638▼
Profit (loss) for the period before taxes9903€-8k€7k▲
Income taxes67/77€29-
Profit (loss) for the period9904€-8k€7k▲
Profit (loss) for the period to be appropriated9905€-8k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€82k▲
Profit (loss) brought forward from the previous period14P€83k€76k▼
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €211k | €191k | €205k | €234k | €235k | ▲ 0.6% |
| Non-recurring operating income76A | - | €159 | €177 | €69 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | €133k | €116k | €153k | €131k | ▼ 13.9% |
| Remuneration, social security and pensions62 | - | €59k | €81k | €85k | €91k | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €20k | €15k | €19k | €18k | ▼ 7.7% |
| Other operating charges640/8 | - | €3k | €3k | €3k | €3k | ▲ 2.6% |
| Non-recurring operating charges66A | - | - | - | €258 | €0 | ▼ 100% |
| Gross operating margin9900 | €81k | €58k | €88k | €101k | €119k | ▲ 17.9% |
| Operating profit (loss)9901 | €-4k | €-24k | €-10k | €-7k | €7k | ▲ 206% |
| Financial income75/76B | - | €40 | €138 | €131 | €0 | ▼ 100% |
| Recurring financial income75 | €39 | €40 | €138 | €131 | €0 | ▼ 100% |
| Financial charges65/66B | - | €1k | €793 | €1k | €638 | ▼ 36.8% |
| Recurring financial charges65 | €1k | €1k | €793 | €1k | €638 | ▼ 36.8% |
| Profit (loss) for the period before taxes9903 | €-5k | €-25k | €-11k | €-8k | €7k | ▲ 186% |
| Income taxes67/77 | - | - | €-20 | €29 | - | - |
| Profit (loss) for the period9904 | €-5k | €-25k | €-11k | €-8k | €7k | ▲ 185% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-25k | €-11k | €-8k | €7k | ▲ 185% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €267k | €201k | €195k | €179k | €228k | ▲ 26.9% |
| Fixed assets21/28 | €80k | €75k | €72k | €77k | €76k | ▼ 1.2% |
| Tangible fixed assets22/27 | €75k | €67k | €59k | €60k | €59k | ▼ 1.5% |
| Land and buildings22 | - | €36k | €31k | €26k | €22k | ▼ 17.3% |
| Plant, machinery and equipment23 | - | €18k | €20k | €30k | €38k | ▲ 27.0% |
| Furniture and vehicles24 | - | €13k | €9k | €4k | €0 | ▼ 100% |
| Financial fixed assets28 | €5k | €8k | €12k | €16k | €16k | = |
| Current assets29/58 | €186k | €126k | €123k | €103k | €152k | ▲ 47.9% |
| Amounts receivable after more than one year29 | - | €17k | €17k | €17k | €17k | = |
| Trade receivables290 | - | €17k | €17k | €17k | €17k | = |
| Stocks and contracts in progress3 | €43k | €42k | €25k | €25k | €23k | ▼ 8.1% |
| Stocks30/36 | - | €42k | €25k | €25k | €23k | ▼ 8.1% |
| Amounts receivable within one year40/41 | €51k | €9k | €19k | €5k | €47k | ▲ 855% |
| Trade receivables40 | - | €6k | €16k | €5k | €28k | ▲ 464% |
| Other amounts receivable41 | - | €3k | €3k | €0 | €19k | - |
| Cash at bank and in hand54/58 | €80k | €58k | €62k | €56k | €63k | ▲ 12.6% |
| Deferred charges and accrued income490/1 | - | - | - | €248 | €2k | ▲ 806% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €267k | €201k | €195k | €179k | €228k | ▲ 26.9% |
| Equity10/15 | €199k | €174k | €163k | €156k | €162k | ▲ 4.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €18k | €18k | €18k | €18k | €18k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €119k | €94k | €83k | €76k | €82k | ▲ 8.7% |
| Provisions and deferred taxes16 | €8k | €8k | €8k | €8k | €8k | = |
| Provisions for liabilities and charges160/5 | - | €8k | €8k | €8k | €8k | = |
| Other liabilities and charges164/5 | - | €8k | €8k | €8k | €8k | = |
| Amounts payable17/49 | €60k | €20k | €24k | €16k | €58k | ▲ 255% |
| Amounts payable after more than one year17 | €12k | €7k | €4k | €0 | €0 | - |
| Financial debts170/4 | - | €7k | €4k | €0 | €0 | - |
| Amounts payable within one year42/48 | €47k | €12k | €20k | €16k | €47k | ▲ 194% |
| Current portion of amounts payable after more than one year42 | - | €5k | €4k | €4k | €0 | ▼ 100% |
| Trade debts44 | €31k | €4k | €3k | €2k | €23k | ▲ 1,072% |
| Suppliers440/4 | - | €4k | €3k | €2k | €23k | ▲ 1,072% |
| Taxes, remuneration and social security45 | - | €3k | €13k | €9k | €23k | ▲ 148% |
| Taxes450/3 | - | €20 | €4k | €6k | €17k | ▲ 172% |
| Remuneration and social security454/9 | - | €3k | €9k | €3k | €6k | ▲ 103% |
| Other amounts payable47/48 | - | €619 | €207 | €976 | €623 | ▼ 36.2% |
| Accrued charges and deferred income492/3 | - | - | - | €430 | €11k | ▲ 2,524% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-25k | €-11k | €-8k | €7k | ▲ 185% |
| + Depreciation and write-downs630 | €24k | €20k | €15k | €19k | €18k | ▼ 7.7% |
| Operating cash flow (approximation) | €19k | €-5k | €4k | €11k | €24k | ▲ 112% |
| Investment in fixed assets (approximation) | - | €-14k | €-12k | €-24k | €-17k | ▲ 29.8% |
| Change in cash | - | €-22k | €4k | €-6k | €7k | ▲ 218% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 59 days late
2025
30-06
Financial
Back to profitnet €7k
Net result €7k after 4 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-06
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 10.35
Current ratio from 3.94 to 10.35; short-term debt falls from €47k to €12k.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
31-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
29-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Fleurus · 1 establishment unit since 2000
Ground area
2,849 m²
Building footprint
715 m²
Volume, LiDAR
3,017 m³
2 parcels, Wallonia · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue du Rabiseau(FL), 6220 Fleurus
since 20002.094.916.819
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52021C0344/00D002 | Wallonia | 2,702 m² | 1 · 715 m² | 5.3 m · 1 fl. |
| 52021C0317/00Y005 | Wallonia | 147 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MICH
BE 0881.327.548
Mechelen · Eq €161k
CLEM IMMO
BE 0440.915.577
Rotselaar · Eq €160k
WIL'S
BE 0553.732.418
Tournai · Eq €159k
ORBIT
BE 0437.507.414
Roeselare · Eq €166k
Christian SCHOORE
BE 0876.675.211
Tournai · Eq €177k
Of 256 companies in sector 27402 we hold annual accounts for 157. 116 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
Founded23-03-2000
Fiscal year end30-06
Activities, NACEBEL 2025
27402Manufacture of electrical equipment
46431Wholesale of electrical household appliances and audio-video equipment
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.