NETSAP
ActiveSummary
NETSAP has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126,678 and a net result of €38,208. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+41
Solvency57▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.88 in 2023; short-term debt: 67.7% and cash: 0% of total assets), and 67.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
23 d early
2022
52 d early
2021
41 d early
2020
64 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€393,752▲ 12.4%
2023 · €350,160
Net result
€38,208
2023 · -€14,411
Working capital
€45,806
2023 · -€31,921
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232024
Turnover€0
Operating result€225,099▲ 87.6%€115,943▼ 48.5%€12,921▼ 88.9%-€3,262€69,391
Net result€170,046above the sector's middle half▲ 86.7%€95,367above the sector's middle half▼ 43.9%€6,904within the sector's middle half▼ 92.8%-€14,411below the sector's middle half€38,208within the sector's middle half
Equity€143,611within the sector's middle half▲ 509%€143,977within the sector's middle half▲ 0.3%€102,881within the sector's middle half▼ 28.5%€88,470within the sector's middle half▼ 14.0%€126,678within the sector's middle half▲ 43.2%
Total assets€347,519within the sector's middle half▲ 45.2%€381,231within the sector's middle half▲ 9.7%€289,973within the sector's middle half▼ 23.9%€350,160within the sector's middle half▲ 20.8%€393,752within the sector's middle half▲ 12.4%
Debt€203,909▼ 5.5%€237,254▲ 16.4%€187,092▼ 21.1%€261,690▲ 39.9%€267,073▲ 2.1%
Working capital€128,251above the sector's middle half▲ 716%€30,126within the sector's middle half▼ 76.5%-€47,448below the sector's middle half-€31,921below the sector's middle half▲ 32.7%€45,806within the sector's middle half
Solvency41.3%within the sector's middle half▲ 31.5pp37.8%within the sector's middle half▼ 3.6pp35.5%within the sector's middle half▼ 2.3pp25.3%below the sector's middle half▼ 10.2pp32.2%within the sector's middle half▲ 6.9pp
Current ratio1.63within the sector's middle half▲ 0.561.13within the sector's middle half▼ 0.500.73below the sector's middle half▼ 0.400.88below the sector's middle half▲ 0.151.17within the sector's middle half▲ 0.29
Return on assets (ROA)48.9%above the sector's middle half▲ 10.9pp25.0%within the sector's middle half▼ 23.9pp2.4%within the sector's middle half▼ 22.6pp-4.1%below the sector's middle half▼ 6.5pp9.7%within the sector's middle half▲ 13.8pp
Staff (FTE)1within the sector's middle half▲ 233%1=1=0.3▼ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 returns to profit in 2024: €69,391 after a loss of €3,262 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393,752
Fixed assets
€81,247 ▼ 33.5%
Current assets
€312,505 ▲ 37.0%
Equity and liabilities €393,752
Equity
€126,678 ▲ 43.2%
Debt
€267,073 ▲ 2.1%
Debt's share of the balance-sheet total falls from 74.7% to 67.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110,256▲
2023 · €38,721
Cash flow
€79,073▲
2023 · €27,573
Debt to equity
2.11▼
2023 · 2.96
ROE
30.2%▲
2023 · -16.3%
Interest coverage
7.42▲
2023 · 3.21
Debt ≤ 1 year
€266,699▲
2023 · €259,969
Income taxes
€25,154▲
2023 · €2,451
Staff costs
€29,634▲
2023 · €24,869
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €37,376 | €22,518 | €24,869 | €29,634 | ▲ 19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,467 | €12,904 | €32,245 | €41,983 | €40,865 | ▼ 2.7% |
| Other operating charges640/8 | - | €5,066 | €5,677 | €6,422 | €10,261 | ▲ 59.8% |
| Gross operating margin9900 | €302,290 | €171,289 | €73,362 | €70,013 | €150,151 | ▲ 114% |
| Operating profit (loss)9901 | €225,099 | €115,943 | €12,921 | -€3,262 | €69,391 | ▲ 2,227% |
| Financial income75/76B | - | €4,009 | €2,850 | €3,361 | €8,836 | ▲ 163% |
| Recurring financial income75 | €7,146 | €4,009 | €2,850 | €3,361 | €8,836 | ▲ 163% |
| Financial charges65/66B | - | €5,436 | €8,065 | €12,059 | €14,865 | ▲ 23.3% |
| Recurring financial charges65 | €4,425 | €5,436 | €8,065 | €12,059 | €14,865 | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €227,820 | €114,516 | €7,706 | -€11,959 | €63,362 | ▲ 630% |
| Income taxes67/77 | €57,774 | €19,149 | €802 | €2,451 | €25,154 | ▲ 926% |
| Profit (loss) for the period9904 | €170,046 | €95,367 | €6,904 | -€14,411 | €38,208 | ▲ 365% |
| Profit (loss) for the period to be appropriated9905 | €170,046 | €95,367 | €6,904 | -€14,411 | €38,208 | ▲ 365% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €347,519 | €381,231 | €289,973 | €350,160 | €393,752 | ▲ 12.4% |
| Fixed assets21/28 | €15,359 | €114,081 | €163,261 | €122,112 | €81,247 | ▼ 33.5% |
| Intangible fixed assets21 | - | €102,154 | €154,942 | €116,608 | €78,274 | ▼ 32.9% |
| Tangible fixed assets22/27 | €15,334 | €11,902 | €8,294 | €5,479 | €2,948 | ▼ 46.2% |
| Furniture and vehicles24 | - | €8,453 | €5,274 | €2,887 | €784 | ▼ 72.8% |
| Other tangible fixed assets26 | - | €3,449 | €3,020 | €2,592 | €2,163 | ▼ 16.5% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €332,160 | €267,149 | €126,712 | €228,048 | €312,505 | ▲ 37.0% |
| Amounts receivable after more than one year29 | - | €88,000 | €88,000 | €88,000 | €70,000 | ▼ 20.5% |
| Other amounts receivable291 | - | €88,000 | €88,000 | €88,000 | €70,000 | ▼ 20.5% |
| Amounts receivable within one year40/41 | €137,400 | €173,086 | €32,152 | €132,168 | €223,040 | ▲ 68.8% |
| Trade receivables40 | - | €129,142 | €23,084 | €68,848 | €36,847 | ▼ 46.5% |
| Other amounts receivable41 | - | €43,944 | €9,069 | €63,321 | €186,193 | ▲ 194% |
| Cash at bank and in hand54/58 | €119,824 | €0 | €0 | €0 | €0 | - |
| Deferred charges and accrued income490/1 | - | €6,063 | €6,559 | €7,880 | €19,465 | ▲ 147% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €347,519 | €381,231 | €289,973 | €350,160 | €393,752 | ▲ 12.4% |
| Equity10/15 | €143,611 | €143,977 | €102,881 | €88,470 | €126,678 | ▲ 43.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €123,360 | €125,360 | €84,260 | €69,260 | €108,000 | ▲ 55.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €123,500 | €82,400 | €69,260 | €108,000 | ▲ 55.9% |
| Profit (loss) carried forward14 | €1,651 | €17 | €21 | €610 | €78 | ▼ 87.2% |
| Amounts payable17/49 | €203,909 | €237,254 | €187,092 | €261,690 | €267,073 | ▲ 2.1% |
| Amounts payable within one year42/48 | €203,909 | €237,024 | €174,159 | €259,969 | €266,699 | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - |
| Financial debts43 | - | €89,773 | €110,940 | €111,821 | €75,530 | ▼ 32.5% |
| Credit institutions430/8 | - | €89,773 | €110,940 | €111,821 | €75,530 | ▼ 32.5% |
| Trade debts44 | €92,136 | €86,515 | €24,611 | €106,130 | €19,000 | ▼ 82.1% |
| Suppliers440/4 | - | €86,515 | €24,611 | €106,130 | €19,000 | ▼ 82.1% |
| Taxes, remuneration and social security45 | - | €18,736 | €26,222 | €42,018 | €172,169 | ▲ 310% |
| Taxes450/3 | - | €7,499 | €21,835 | €25,061 | €131,034 | ▲ 423% |
| Remuneration and social security454/9 | - | €11,238 | €4,386 | €16,957 | €41,135 | ▲ 143% |
| Other amounts payable47/48 | - | €42,000 | €12,387 | €0 | €0 | - |
| Accrued charges and deferred income492/3 | - | €230 | €12,932 | €1,721 | €375 | ▼ 78.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €170,046 | €95,367 | €6,904 | -€14,411 | €38,208 | ▲ 365% |
| + Depreciation and write-downs630 | €4,467 | €12,904 | €32,245 | €41,983 | €40,865 | ▼ 2.7% |
| Operating cash flow (approximation) | €174,512 | €108,271 | €39,149 | €27,573 | €79,073 | ▲ 187% |
| Investment in fixed assets (approximation) | - | -€111,627 | -€81,425 | -€834 | €0 | ▲ 100% |
| Change in cash | - | -€119,824 | €0 | €0 | €0 | - |
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
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €38,208
Net result €38,208 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €126,678 ▲43.2%
Equity rises from €88,470 to €126,678.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€14,411
Net result drops to -€14,411, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €170,046 ▲86.7%
Operating result €225,099, net result €170,046, both a record.
31-12
Financial
Equity above €100,000Eq €143,611 ▲509%
3 profitable years in a row build equity to €143,611.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Verviers · 1 establishment unit since 2014
Ground area
1,440 m²
Building footprint
117 m²
Parcel 63576A0055/00P005, Wallonia. Linked by address, not a title deed.
1 establishment unit
NETSAP
since 20142.231.861.815
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63576A0055/00P005 | Wallonia | 1,440 m² | 1 · 117 m² | - |
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.
Similar companies · same sector, comparable size
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BE 0780.470.611
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VGS PROJECTS MANAGEMENT
BE 0648.906.244
Halen · Eq €126,700
TRAILBLAZER
BE 0563.550.006
Mechelen · Eq €126,704
Maxhenges
BE 0752.815.911
Antwerpen · Eq €126,650
Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 40,877 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47730Retail sale of pharmaceutical products
47783Retail trade
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0553903058
Also
9925:BE0553903058
Registered
05-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.