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NETTECO

Active
General partnershipfounded 2020active for 6 yearsHaagbeukstraat 35, 7850 Enghien, BelgiumKBO/BCE: BE 0740.978.347
Summary

NETTECO has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,074 and a net result of €38,413. Equity has been growing by about 37% per year since 2020. Its solvency ranks better than 58% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 09-01-2020 Normal situation
Activity
Agents in the wholesale of furniture, household goods and hardware NACE 46150and 5 others
Establishment unit
2.299.324.424 1420 Braine-l'Alleud, since 22-01-2020
Financial year end
31 December
Peppol
Reachable since 30-12-2025

Board and ownership

Board
  • MILITELLO ANGELODirector · since 07-01-2020

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€64,275
▲ 105%
Turnover
≈ €300,000
estimated
Profit
€38,413
▲ 248%
Equity
€111,074
▲ 52.9%
Total assets
€216,577
▲ 33.7%
  • 2025 accounts filed 24 days after the deadline
Score breakdownraises riskLast filed accounts filed 24 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 1.95, cash €65,827Legal form: general partnershipEquity €111,074 (51.3% of total assets)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 75% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 76+6
equity 51.3% of total assets
Liquidity 64+24
short-term debt 48.7% · cash 30.4%
Profitability 91+14
return on assets 17.7%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.3%▼ -0.1 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.5%▲ +0.1 percentage points vs 07-2025 09-2025: 0.6%▲ +0.1 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.5%▼ -0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -0.5 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.95 (1.71 in 2024), above the usual 1.5. Short-term debt is 48.7% and cash 30.4% of total assets. 48.7% of the assets are financed with debt and provisions.
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 46, micro). It does better than 58% of them on solvency, 70% on liquidity, 85% on profitability and 88% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 1.95, cash €65,827
NBB · annual accounts
raises risk · Last filed accounts filed 24 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Legal form: general partnership
KBO
lowers risk · Equity €111,074 (51.3% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 6 filings
Deviation from the deadline
2025
24 days late
2024
31 days late
2023
27 days late
2022
29 days late
2021
26 days late
2020
29 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 28 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 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 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 81% of companies in wholesale tradesector median €5,660 · 13,747 companies €38,413 View
  • Positive: 6 profitable years in a rowprofit 2025: €38,413 6 years View

Recent changes

  1. · Gazette deed Incorporation
All 9 events

Comparable companies

These companies have the same main activity as NETTECO: agents in the wholesale of furniture, household goods and hardware (NACE 46150). They are comparable in size and age: total assets between €162,000 and €275,000, founded between 2019 and 2020.

CompanyTotal assetsGross margin
NETTECO Enghien€216,577€64,275
AZZARI Nazareth-De Pinte€257,189€68,335
Seramar Kraainem€258,005€62,361
Heraco Wingene€218,241€48,145
LOISIRS, NATURE, PECHE ET PASSION Saint-Ghislain€162,260€50,633
PharmaGroup Pharmaciens Indépendants Braine-le-Comte€164,162€44,111
FVDW CONSULTING Etterbeek€274,628€70,338
Full comparison

Key facts about NETTECO

What is the company number of NETTECO?
The company number of NETTECO is 0740.978.347. The VAT number is the same number with BE in front: BE 0740.978.347.
Where is NETTECO based?
The registered office is at Haagbeukstraat 35, 7850 Enghien.Company details
What does NETTECO do?
According to the KBO register, the main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150).
What is the legal form of NETTECO?
The legal form of NETTECO is General partnership (VOF).
When was NETTECO founded?
NETTECO was founded on 09-01-2020.
Is NETTECO still active?
Yes, NETTECO is an active enterprise in the KBO register.
What is the turnover of NETTECO?
The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €64,275 and 30 comparable companies (NACE 461). It probably lies between €150,000 and €700,000.Financials
Is NETTECO profitable?
In financial year 2025, NETTECO made a profit of €38,413.
Where can I find the annual accounts of NETTECO?
NETTECO filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NETTECO due?
NETTECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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