NETUSE
ActiveNETUSE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 57% of 6161 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-63
Solvency58▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.25 in 2023; short-term debt: 66.6% and cash: 34.3% of total assets), and 66.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.4%
Return on assets
-21.6%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
278 d late
2022
283 d late
2021
94 d late
2020
114 d late
2019
130 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€12k▼ 39.3%
2023 · €19k
2018: €-9k
2019: €8k
2020: €19k
2021: €26k
2022: €21k
2023: €19k
2018 → 2024
Total assets
€35k▼ 12.7%
2023 · €40k
2018: €19k
2019: €23k
2020: €32k
2021: €34k
2022: €28k
2023: €40k
2018 → 2024
Net result
€-7k▼ 299%
2023 · €-2k
2018: €-11k
2019: €17k
2020: €11k
2021: €6k
2022: €-5k
2023: €-2k
2018 → 2024
Working capital
€4k▼ 27.4%
2023 · €5k
2018: €-10k
2019: €8k
2020: €19k
2021: €23k
2022: €18k
2023: €5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€26k▲ 32.5%€21k▼ 18.4%€19k▼ 9.0%€12k▼ 39.3%
Operating result€12k-€7k▼ 44.3%€-4k€-1k▲ 72.9%€-7k▼ 472%
Net result€11k-€6k▼ 45.2%€-5k€-2k▲ 60.2%€-7k▼ 299%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35k
Fixed assets
€8k▼ 43.9%
Current assets
€27k▲ 4.1%
Equity and liabilities €35k
Equity
€12k▼ 39.3%
Debt
€23k▲ 11.8%
The debt ratio rises from 51.9% to 66.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-830▼
2023 · €3k
Cash flow
€-1k▼
2023 · €2k
Solvency
33.4%▼
2023 · 48.1%
Current ratio
1.16▼
2023 · 1.25
Quick ratio
1.16▼
2023 · 1.25
Debt / equity
1.99▲
2023 · 1.08
ROE
-64.6%▼
2023 · -9.9%
ROA
-21.6%▼
2023 · -4.7%
Interest coverage
-2.06▼
2023 · 19.60
Debt
€23k▲
2023 · €21k
Debt ≤ 1 year
€23k▲
2023 · €21k
Income taxes
€140▼
2023 · €520
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€40k€35k▼
Fixed assets21/28€14k€8k▼
Tangible fixed assets22/27€14k€8k▼
Plant, machinery and equipment23€2k€741▼
Furniture and vehicles24€12k€7k▼
Current assets29/58€26k€27k▲
Amounts receivable within one year40/41€16k€14k▼
Trade receivables40€16k€14k▼
Cash at bank and in hand54/58€9k€12k▲
Deferred charges and accrued income490/1€1k€785▼
Equity and liabilities
Total equity and liabilities10/49€40k€35k▼
Equity10/15€19k€12k▼
Contributions10/11€22k€22k=
Profit (loss) carried forward14€-3k€-10k▼
Amounts payable17/49€21k€23k▲
Amounts payable within one year42/48€21k€23k▲
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€13k€16k▲
Accrued charges and deferred income492/3€44-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€5k€634▼
Operating profit (loss)9901€-1k€-7k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€142€403▲
Recurring financial charges65€142€403▲
Profit (loss) for the period before taxes9903€-1k€-7k▼
Income taxes67/77€520€140▼
Profit (loss) for the period9904€-2k€-7k▼
Profit (loss) for the period to be appropriated9905€-2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-10k▼
Profit (loss) brought forward from the previous period14P€-1k€-3k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
05-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 278 days late
2024
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 283 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.50
Current ratio from 0.66 to 1.50; short-term debt falls from €29k to €15k.
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 122 days late
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 302 days late
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 306 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merchtem · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heidestraat 241785 MerchtemGround area
1,446 m²
Building footprint
228 m²
Volume, LiDAR
1,331 m³
Parcel 23028A0143/00E003, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Netuse
since 20072.164.278.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23028A0143/00E003 | Flanders | 1,446 m² | 1 · 228 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerchtem2.164.278.549
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Of 6,712 companies in sector 96230 we hold annual accounts for 629. 423 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2007
Fiscal year end31-12
Activities, NACEBEL
96040Personal service activities
96230Day spas, saunas and steam baths
18130Pre-press and pre-media services
22240
47120Other non-specialised retail sale
47279Other retail sale of food
47299Retail trade
47910Retail trade
82300Organisation of conventions and trade shows
86909Human health activities
86995Nutrition and dietetics services
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.netuse.be
E-mail:info@netuse.be