NETWORK
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 18-02-2026.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
30 d early
2023
22 d early
2022
42 d early
2021
45 d early
2020
30 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?STELLAR · 32 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€1.9m▲ 20.7%
2024 · €1.6m
Total assets
€2.0m▼ 12.0%
2024 · €2.3m
Net result
€321,900▲ 10.4%
2024 · €291,636
Working capital
€200,404
2024 · -€26,098
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€76,951▼ 71.5%€23,363▼ 69.6%€48,912▲ 109%-€6,526-€10,772▼ 65.1%
Net result€220,930▼ 17.0%€735,399▲ 233%€655,077▼ 10.9%€291,636▼ 55.5%€321,900▲ 10.4%
Equity€966,090▲ 29.6%€901,489▼ 6.7%€1.6m▲ 72.7%€1.6m=€1.9m▲ 20.7%
Total assets€2.2m▼ 6.1%€2.0m▼ 8.9%€1.9m▼ 6.1%€2.3m▲ 21.9%€2.0m▼ 12.0%
Debt€1.3m▼ 22.5%€1.1m▼ 10.6%€344,599▼ 69.3%€760,942▲ 121%€159,795▼ 79.0%
Working capital-€145,489▲ 20.7%-€495,787▼ 241%€67,593-€26,098€200,404
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,772 in 2025 against €6,526 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.7m =
Current assets
€336,270 ▼ 45.4%
Equity and liabilities €2.0m
Equity
€1.9m ▲ 20.7%
Debt
€159,795 ▼ 79.0%
Debt's share of the balance-sheet total falls from 32.8% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.48▲
2024 · 0.96
Debt to equity
0.09▼
2024 · 0.49
ROE
17.1%▼
2024 · 18.7%
ROA
15.8%▲
2024 · 12.6%
Debt ≤ 1 year
€135,866▼
2024 · €641,615
Debt > 1 year
€23,929▼
2024 · €118,752
Income taxes
€20,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €346 | - | - | - | - | - |
| Other operating charges640/8 | €1,812 | €930 | €1,022 | €1,030 | €1,060 | ▲ 3.0% |
| Gross operating margin9900 | €79,108 | €24,293 | €49,935 | -€5,496 | -€9,712 | ▼ 76.7% |
| Operating profit (loss)9901 | €76,951 | €23,363 | €48,912 | -€6,526 | -€10,772 | ▼ 65.1% |
| Financial income75/76B | €175,383 | €727,013 | €622,851 | €304,933 | €356,304 | ▲ 16.8% |
| Recurring financial income75 | €175,383 | €727,013 | €622,851 | €304,933 | €356,304 | ▲ 16.8% |
| Financial charges65/66B | €12,350 | €11,627 | €5,773 | €6,771 | €3,632 | ▼ 46.4% |
| Recurring financial charges65 | €12,350 | €11,626 | €5,773 | €6,771 | €3,632 | ▼ 46.4% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €239,983 | €738,750 | €665,990 | €291,636 | €341,900 | ▲ 17.2% |
| Income taxes67/77 | €19,053 | €3,351 | €10,913 | - | €20,000 | - |
| Profit (loss) for the period9904 | €220,930 | €735,399 | €655,077 | €291,636 | €321,900 | ▲ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €220,930 | €735,399 | €655,077 | €291,636 | €321,900 | ▲ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.0m | €1.9m | €2.3m | €2.0m | ▼ 12.0% |
| Fixed assets21/28 | €2.1m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Financial fixed assets28 | €2.1m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Current assets29/58 | €85,289 | €321,799 | €199,175 | €615,518 | €336,270 | ▼ 45.4% |
| Amounts receivable within one year40/41 | €77,574 | €224,415 | €181,474 | €609,593 | €333,558 | ▼ 45.3% |
| Trade receivables40 | €76,458 | €214,466 | €70,825 | €2,989 | - | - |
| Other amounts receivable41 | €1,116 | €9,950 | €110,649 | €606,605 | €333,558 | ▼ 45.0% |
| Cash at bank and in hand54/58 | €7,715 | €97,384 | €17,701 | €5,925 | €2,711 | ▼ 54.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.0m | €1.9m | €2.3m | €2.0m | ▼ 12.0% |
| Equity10/15 | €966,090 | €901,489 | €1.6m | €1.6m | €1.9m | ▲ 20.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €946,090 | €881,489 | €1.5m | €1.5m | €1.5m | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | €944,090 | €879,489 | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | - | - | - | - | €321,900 | - |
| Amounts payable17/49 | €1.3m | €1.1m | €344,599 | €760,942 | €159,795 | ▼ 79.0% |
| Amounts payable after more than one year17 | €1.0m | €304,187 | €212,615 | €118,752 | €23,929 | ▼ 79.8% |
| Financial debts170/4 | €1.0m | €304,187 | €212,615 | €118,752 | €23,929 | ▼ 79.8% |
| Amounts payable within one year42/48 | €230,779 | €817,586 | €131,582 | €641,615 | €135,866 | ▼ 78.8% |
| Current portion of amounts payable after more than one year42 | €182,648 | €98,571 | €99,179 | €101,134 | €102,661 | ▲ 1.5% |
| Financial debts43 | €18,324 | - | €8,368 | €8,361 | €8,372 | ▲ 0.1% |
| Credit institutions430/8 | €18,324 | - | €8,368 | €8,361 | €8,372 | ▲ 0.1% |
| Trade debts44 | €9,749 | €174,613 | €539 | €6,633 | €2,200 | ▼ 66.8% |
| Suppliers440/4 | €9,749 | €174,613 | €539 | €6,633 | €2,200 | ▼ 66.8% |
| Taxes, remuneration and social security45 | €2,059 | €3,351 | €23,497 | - | - | - |
| Taxes450/3 | €2,059 | €3,351 | €23,497 | - | - | - |
| Other amounts payable47/48 | €18,000 | €541,052 | - | €525,488 | €22,632 | ▼ 95.7% |
| Accrued charges and deferred income492/3 | - | €528 | €403 | €575 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €220,930 | €735,399 | €655,077 | €291,636 | €321,900 | ▲ 10.4% |
| Operating cash flow (approximation) | €220,930 | €735,399 | €655,077 | €291,636 | €321,900 | ▲ 10.4% |
| Investment in fixed assets (approximation) | - | €434,827 | €0 | €0 | €0 | - |
| Change in cash | - | €89,669 | -€79,683 | -€11,776 | -€3,213 | ▲ 72.7% |
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
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
05-03
State Gazette act
Restructuring · End & cessationResignations: M-MANAGEMENT, MAD and 2 others · Merger · Accounting effect12 facts ▸
State Gazette act
Restructuring · End & cessation
Resignations: M-MANAGEMENT, MAD and 2 others · Merger · Accounting effect12 facts ▸
- General meeting, 18-02-2026
- Merger, FUTUHR
- Accounting effect, 01-01-2026
- Dissolution, 18-02-2026
- Director resignation, M-MANAGEMENT (director)
- Director resignation, MAD (director)
- Director resignation, GEERT MOTMANS (director)
- Director resignation, 0&S (director)
- Director resignation, GEERT MOTMANS (managing director)
- Director resignation, 0&S (managing director)
- Power of attorney, Chariotte Aerts
- Power of attorney, Rudy Sterkens
14-01
State Gazette act
RestructuringMerger · Accounting effect · Power of attorney4 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Power of attorney4 facts ▸
- Merger
- Accounting effect, 01-01-2026
- Power of attorney, Rudy Sterkens
- Power of attorney, Charlotte Aerts
2025
31-12
Financial
Liquidity triplescurrent ratio 2.48
Current ratio from 0.96 to 2.48; short-term debt falls from €641,615 to €135,866.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.51
Current ratio from 0.39 to 1.51; short-term debt falls from €817,586 to €131,582.
31-12
Financial
Equity above €1mEq €1.6m ▲72.7%
6 profitable years in a row build equity to €1.6m.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €735,399 ▲233%
Net result €735,399, the highest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €220,930 ▼17%
Net result drops to €220,930, the lowest in the series.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €535,659 ▲71.5%
2 profitable years in a row build equity to €535,659.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 2 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
9 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Mandate history
4 people since 2026, 0 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| GEERT MOTMANS |
|
| M-MANAGEMENT |
|
| MAD |
|
| O&S |
|
Structure & network
Part of the group
STELLAR
32 companies
Group, risk and exposure
Owners and holdings
1 owner · 3 holdingsChain of control
- STELLAR
- Sinek
- MOTMANS & PARTNERS
- NETWORK
Highest known parent: STELLAR. The sources do not say who stands above it.
Owners 1
- MOTMANS & PARTNERSparent100%
Holdings 3
-
97.32%
-
95.33%
-
51%
According to the 2025 annual accounts of NETWORK and those 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.
Acquisitions and mergers
1 transactionTaken over by:FUTUHR