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Netvise

Active
Private limited companyfounded 200521 yrs activeBrusselsesteenweg 66, 3000 Leuven, BelgiumKBO/BCE: BE 0873.513.506
Summary

Netvise has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €174,413 and a net result of €870. Equity is growing by ~28.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability67▼-16
Solvency77▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.05 in 2023; short-term debt: 47.8% and cash: 12.4% of total assets), and 47.8% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
38 d early
2023
76 d early
2022
60 d early
2021
105 d early
2020
94 d early
2019
65 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 25 April 2005, Netvise was incorporated.1 Total assets went from EUR 53,505 in 2018 to EUR 334,239 in 2024 and headcount from 0.3 full-time equivalents in 2021 to 1.9 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2024

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Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet

Equity
€174,413▲ 0.5%
2023 · €173,543
Total assets
€334,239▲ 5.6%
2023 · €316,552
Net result
€870▼ 97.6%
2023 · €36,076
Working capital
€150,881▲ 0.9%
2023 · €149,528
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€11,317€64,581▲ 471%€48,531▼ 24.9%€52,395▲ 8.0%€7,107▼ 86.4%
Net result€6,627within the sector's middle half€46,965within the sector's middle half▲ 609%€34,408within the sector's middle half▼ 26.7%€36,076within the sector's middle half▲ 4.8%€870within the sector's middle half▼ 97.6%
Equity€56,094within the sector's middle half▲ 13.4%€103,058within the sector's middle half▲ 83.7%€137,467within the sector's middle half▲ 33.4%€173,543within the sector's middle half▲ 26.2%€174,413within the sector's middle half▲ 0.5%
Total assets€78,768below the sector's middle half▲ 56.4%€139,293below the sector's middle half▲ 76.8%€247,437within the sector's middle half▲ 77.6%€316,552within the sector's middle half▲ 27.9%€334,239within the sector's middle half▲ 5.6%
Debt€22,674▲ 2,393%€36,235▲ 59.8%€109,970▲ 203%€143,010▲ 30.0%€159,826▲ 11.8%
Working capital€56,094within the sector's middle half▲ 13.4%€103,058within the sector's middle half▲ 83.7%€133,561within the sector's middle half▲ 29.6%€149,528within the sector's middle half▲ 12.0%€150,881within the sector's middle half▲ 0.9%
Solvency71.2%above the sector's middle half▼ 27.0pp74.0%above the sector's middle half▲ 2.8pp55.6%within the sector's middle half▼ 18.4pp54.8%within the sector's middle half▼ 0.7pp52.2%within the sector's middle half▼ 2.6pp
Current ratio3.47within the sector's middle half▼ 51.923.84above the sector's middle half▲ 0.372.21within the sector's middle half▼ 1.632.05within the sector's middle half▼ 0.171.94within the sector's middle half▼ 0.10
Return on assets (ROA)8.4%within the sector's middle half▲ 11.3pp33.7%above the sector's middle half▲ 25.3pp13.9%within the sector's middle half▼ 19.8pp11.4%within the sector's middle half▼ 2.5pp0.3%within the sector's middle half▼ 11.1pp
Staff (FTE)0.3below the sector's middle half0.4below the sector's middle half▲ 33.3%1below the sector's middle half▲ 150%1.9within the sector's middle half▲ 90.0%
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2020: €11,317€11,317Net result 2020: €6,627€6,627Operating result 2021: €64,581€64,581Net result 2021: €46,965€46,965Operating result 2022: €48,531€48,531Net result 2022: €34,408€34,408Operating result 2023: €52,395€52,395Net result 2023: €36,076€36,076Operating result 2024: €7,107€7,107Net result 2024: €870€87020202021202220232024€0€20,000€40,000€60,000Operating result 2022: €48,531€48,500Net result 2022: €34,408€34,400Operating result 2023: €52,395€52,400Net result 2023: €36,076€36,100Operating result 2024: €7,107€7,110Net result 2024: €870€870202220232024
The operating result falls in 2024; 2024 is 86% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €334,239
Fixed assets €23,532 ▼ 2.0%
Current assets €310,707 ▲ 6.2%
Equity and liabilities €334,239
Equity €174,413 ▲ 0.5%
Debt €159,826 ▲ 11.8%
Debt's share of the balance-sheet total rises from 45.2% to 47.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€13,093▼
2023 · €54,422
Cash flow
€6,856▼
2023 · €38,104
Debt to equity
0.92▲
2023 · 0.82
ROE
0.5%▼
2023 · 20.8%
Interest coverage
5.72▼
2023 · 25.08
Debt ≤ 1 year
€159,826▲
2023 · €143,010
Income taxes
€4,204▼
2023 · €15,152
Staff costs
€84,394▲
2023 · €47,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,040 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€316,552€334,239▲
Fixed assets21/28€24,014€23,532▼
Tangible fixed assets22/27€24,014€23,332▼
Plant, machinery and equipment23€21,528€21,888▲
Furniture and vehicles24€2,486€1,444▼
Financial fixed assets28-€200
Current assets29/58€292,538€310,707▲
Amounts receivable within one year40/41€258,672€256,081▼
Trade receivables40€248,672€246,081▼
Other amounts receivable41€10,000€10,000=
Cash at bank and in hand54/58€33,866€41,281▲
Deferred charges and accrued income490/1-€13,345
Equity and liabilities
Total equity and liabilities10/49€316,552€334,239▲
Equity10/15€173,543€174,413▲
Contributions10/11€6,200€6,200=
Reserves13€167,343€168,213▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€165,483€166,353▲
Amounts payable17/49€143,010€159,826▲
Amounts payable within one year42/48€143,010€159,826▲
Trade debts44€67,695€63,366▼
Suppliers440/4€67,695€63,366▼
Taxes, remuneration and social security45€75,314€96,460▲
Taxes450/3€70,198€86,312▲
Remuneration and social security454/9€5,116€10,148▲
Income statement Code20232024
Non-recurring operating income76A-€3,896
Remuneration, social security and pensions62€47,723€84,394▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,028€5,986▲
Other operating charges640/8€1,334€447▼
Gross operating margin9900€103,479€97,933▼
Operating profit (loss)9901€52,395€7,107▼
Financial income75/76B€1,003€257▼
Recurring financial income75€1,003€257▼
Financial charges65/66B€2,170€2,290▲
Recurring financial charges65€2,170€2,290▲
Profit (loss) for the period before taxes9903€51,228€5,074▼
Income taxes67/77€15,152€4,204▼
Profit (loss) for the period9904€36,076€870▼
Profit (loss) for the period to be appropriated9905€36,076€870▼
Appropriation of the result
Profit (loss) to be appropriated9906€36,076€870▼
Transfer to equity691/2€36,076€870▼
To other reserves6921€36,076€870▼
Social balance
Average headcount (FTE)90871.01.9▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A----€3,896-
Remuneration, social security and pensions62-€10,743€11,976€47,723€84,394▲ 76.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€601€2,028€5,986▲ 195%
Other operating charges640/8-€711€433€1,334€447▼ 66.5%
Gross operating margin9900€29,860€76,035€61,541€103,479€97,933▼ 5.4%
Operating profit (loss)9901€11,317€64,581€48,531€52,395€7,107▼ 86.4%
Financial income75/76B-€42€33€1,003€257▼ 74.4%
Recurring financial income75€0€42€33€1,003€257▼ 74.4%
Financial charges65/66B-€362€903€2,170€2,290▲ 5.5%
Recurring financial charges65€2,812€362€903€2,170€2,290▲ 5.5%
Profit (loss) for the period before taxes9903€8,505€64,261€47,662€51,228€5,074▼ 90.1%
Income taxes67/77€1,878€17,297€13,253€15,152€4,204▼ 72.3%
Profit (loss) for the period9904€6,627€46,965€34,408€36,076€870▼ 97.6%
Profit (loss) for the period to be appropriated9905€6,627€46,965€34,408€36,076€870▼ 97.6%
Line20202021202220232024Change
Assets
Total assets20/58€78,768€139,293€247,437€316,552€334,239▲ 5.6%
Fixed assets21/28--€3,905€24,014€23,532▼ 2.0%
Tangible fixed assets22/27--€3,905€24,014€23,332▼ 2.8%
Plant, machinery and equipment23--€3,104€21,528€21,888▲ 1.7%
Furniture and vehicles24--€801€2,486€1,444▼ 41.9%
Financial fixed assets28----€200-
Current assets29/58€78,768€139,293€243,532€292,538€310,707▲ 6.2%
Amounts receivable within one year40/41€54,981€120,073€165,451€258,672€256,081▼ 1.0%
Trade receivables40-€120,073€165,451€248,672€246,081▼ 1.0%
Other amounts receivable41---€10,000€10,000=
Cash at bank and in hand54/58€23,786€19,221€78,081€33,866€41,281▲ 21.9%
Deferred charges and accrued income490/1----€13,345-
Equity and liabilities
Total equity and liabilities10/49€78,768€139,293€247,437€316,552€334,239▲ 5.6%
Equity10/15€56,094€103,058€137,467€173,543€174,413▲ 0.5%
Contributions10/11-€6,200€6,200€6,200€6,200=
Reserves13€49,894€96,858€131,267€167,343€168,213▲ 0.5%
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311-€1,860€1,860€1,860€1,860=
Distributable reserves133-€94,998€129,407€165,483€166,353▲ 0.5%
Amounts payable17/49€22,674€36,235€109,970€143,010€159,826▲ 11.8%
Amounts payable within one year42/48€22,674€36,235€109,970€143,010€159,826▲ 11.8%
Trade debts44€15,580€5,757€58,265€67,695€63,366▼ 6.4%
Suppliers440/4-€5,757€58,265€67,695€63,366▼ 6.4%
Taxes, remuneration and social security45-€30,477€51,705€75,314€96,460▲ 28.1%
Taxes450/3-€30,477€51,705€70,198€86,312▲ 23.0%
Remuneration and social security454/9---€5,116€10,148▲ 98.3%
Line20202021202220232024Change
Profit (loss) for the period9904€6,627€46,965€34,408€36,076€870▼ 97.6%
+ Depreciation and write-downs630--€601€2,028€5,986▲ 195%
Operating cash flow (approximation)€6,627€46,965€35,009€38,104€6,856▼ 82.0%
Investment in fixed assets (approximation)----€22,137-€5,504▲ 75.1%
Change in cash--€4,566€58,860-€44,214€7,415▲ 117%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Equity above €150,000Eq €173,543 ▲26.2%
4 profitable years in a row build equity to €173,543.
01-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-04
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Highest result since 2018net €46,965 ▲609%
Operating result €64,581, net result €46,965, both a record.
31-12
Financial Equity above €100,000Eq €103,058 ▲83.7%
2 profitable years in a row build equity to €103,058.
28-04
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €6,627
Net result €6,627 after one loss-making year.
27-05
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Weakest financial yearnet -€1,458
Net result drops to -€1,458, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial Liquidity triplescurrent ratio 55.39
Current ratio from 20.73 to 55.39; short-term debt falls from €2,581 to €909.
18-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 18 days late
2018
23-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
15-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
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.

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Directors · office · real estate

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
4,650 m²
Building footprint
691 m²
Volume, LiDAR
9,207 m³
Parcel 24505I0036/00S000, Flanders · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Netvise BV
Brusselsesteenweg 66, 3000 LeuvenNACE 7414101
since 20052.146.987.211
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24505I0036/00S000 Flanders 4,650 m² 1 · 691 m² 20.7 m · 5 fl.
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.

Structure & network

Part of the group Finance & Management Executives 20 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. Finance & Management Executives 60%
  2. Netvise

Highest known parent: Finance & Management Executives. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 3,214 companies in this sector we hold annual accounts for 1,748. 1,368 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded25-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
18130Pre-press and pre-media services
18200Printing and reproduction of recorded media
73110Advertising agencies
Contact
Phone 0476/32 15 81Leuven
E-invoicing
Reachable via Peppol
Peppol ID 0208:0873513506
Also 9925:BE0873513506
Registered 23-12-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.