NETSEC TECHNOLOGIES
Dissolved and wound upFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 2 filings
Turnover
≈ €170,000
Estimated: probably between €90,000 and €320,000
Total assets
€60,163▲ 73.5%
2024 · €34,679
Net result
€25,130▲ 45.8%
2024 · €17,232
Working capital
€45,362▲ 18×
2024 · €2,464
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€42,895
▲ 148%
2025
20242025
Net result
€25,130
▲ 45.8%
2025
20242025
Equity
€45,362
▲ 124%
2025
20242025
Total assets
€60,163
▲ 73.5%
2025
20242025
Debt
€14,801
▲ 2.5%
2025
20242025
Working capital
€45,362
▲ 18×
2025
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€17,289-€42,895▲ 148%
Net result€17,232-€25,130▲ 45.8%
Equity€20,232-€45,362▲ 124%
Total assets€34,679-€60,163▲ 73.5%
Debt€14,447-€14,801▲ 2.5%
Working capital€2,464-€45,362▲ 18×
The operating result for 2025 is 148% higher than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €60,163
Equity
€45,362 ▲ 124%
Debt
€14,801 ▲ 2.5%
Debt's share of the balance-sheet total falls from 41.7% to 24.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42,895▲
2024 · €26,172
Cash flow
€25,130▼
2024 · €26,115
Current ratio
4.06▲
2024 · 1.17
Debt to equity
0.33▼
2024 · 0.71
ROE
55.4%▼
2024 · 85.2%
ROA
41.8%▼
2024 · 49.7%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€14,801▲
2024 · €14,447
Income taxes
€17,727
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €26,650 | €0 |
| Depreciation and write-downs of the year | €8,883 | €0 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,883 | €0 | ▼ 100% |
| Other operating charges640/8 | €452 | €1,077 | ▲ 138% |
| Non-recurring operating charges66A | €1,157 | €3,780 | ▲ 227% |
| Gross operating margin9900 | €27,781 | €47,752 | ▲ 71.9% |
| Operating profit (loss)9901 | €17,289 | €42,895 | ▲ 148% |
| Financial income75/76B | €5 | - | - |
| Recurring financial income75 | €5 | - | - |
| Financial charges65/66B | €62 | €38 | ▼ 38.7% |
| Recurring financial charges65 | €62 | €38 | ▼ 38.7% |
| Profit (loss) for the period before taxes9903 | €17,232 | €42,857 | ▲ 149% |
| Income taxes67/77 | - | €17,727 | - |
| Profit (loss) for the period9904 | €17,232 | €25,130 | ▲ 45.8% |
| Profit (loss) for the period to be appropriated9905 | €17,232 | €25,130 | ▲ 45.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €34,679 | €60,163 | ▲ 73.5% |
| Fixed assets21/28 | €17,768 | - | - |
| Tangible fixed assets22/27 | €17,768 | - | - |
| Furniture and vehicles24 | €17,768 | - | - |
| Current assets29/58 | €16,911 | €60,163 | ▲ 256% |
| Amounts receivable within one year40/41 | - | €9,450 | - |
| Trade receivables40 | - | €9,450 | - |
| Cash at bank and in hand54/58 | €16,887 | €50,713 | ▲ 200% |
| Deferred charges and accrued income490/1 | €24 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €34,679 | €60,163 | ▲ 73.5% |
| Equity10/15 | €20,232 | €45,362 | ▲ 124% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | - | €25,130 | - |
| Distributable reserves133 | - | €25,130 | - |
| Profit (loss) carried forward14 | €17,232 | €17,232 | = |
| Amounts payable17/49 | €14,447 | €14,801 | ▲ 2.5% |
| Amounts payable within one year42/48 | €14,447 | €14,801 | ▲ 2.5% |
| Trade debts44 | €1,133 | €829 | ▼ 26.8% |
| Suppliers440/4 | €1,133 | €829 | ▼ 26.8% |
| Taxes, remuneration and social security45 | €4,608 | €13,256 | ▲ 188% |
| Taxes450/3 | €4,608 | €13,256 | ▲ 188% |
| Other amounts payable47/48 | €8,706 | €716 | ▼ 91.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17,232 | €25,130 | ▲ 45.8% |
| + Depreciation and write-downs630 | €8,883 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €26,115 | €25,130 | ▼ 3.8% |
| Change in cash | - | €33,826 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.