NETWORK CABLING SOLUTIONS
ActiveSummary
NETWORK CABLING SOLUTIONS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €31,526. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 6.88 against 4.85 in 2023; short-term debt: 13.7% and cash: 8% of total assets), and 24% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76%
Return on assets
2.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
43 d early
2022
11 d late
2021
29 d late
2020
25 d late
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#5 company by equity in Waremme, Professional and technical services sector#7 oldest company in Waremme, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31,526▼ 66.4%
2023 · €93,823
Working capital
€1.2m▲ 13.0%
2023 · €1.0m
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
Line20202021202220232024
Operating result€78,051▼ 75.2%€114,555▲ 46.8%€413,101▲ 261%€139,561▼ 66.2%€49,845▼ 64.3%
Net result€53,531▼ 73.6%€66,485▲ 24.2%€272,615▲ 310%€93,823▼ 65.6%€31,526▼ 66.4%
Equity€659,790▲ 8.8%€726,275▲ 10.1%€956,533▲ 31.7%€1.1m▲ 9.8%€1.1m▲ 3.0%
Total assets€1.1m▼ 5.7%€1.1m▼ 0.2%€1.3m▲ 21.0%€1.4m▲ 7.1%€1.4m▲ 4.2%
Debt€396,541▼ 22.9%€327,978▼ 17.3%€319,034▼ 2.7%€316,336▼ 0.8%€342,515▲ 8.3%
Working capital€605,076▼ 8.1%€697,435▲ 15.3%€930,493▲ 33.4%€1.0m▲ 9.4%€1.2m▲ 13.0%
Staff (FTE)6.8=6.7▼ 1.5%5▼ 25.4%4.8▼ 4.0%0▼ 100%
Why a figure moved sharply
- 2023 Net result -66% on 2022. Cause not known from the registers.
- 2022 Net result +310% on 2021. Cause not known from the registers.
- 2020 Net result -74% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 64% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€78,553 ▼ 7.2%
Current assets
€1.3m ▲ 5.0%
Equity and liabilities €1.4m
Equity
€1.1m ▲ 3.0%
Debt
€342,515 ▲ 8.3%
Debt's share of the balance-sheet total rises from 23.1% to 24.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,135▼
2023 · €162,275
Cash flow
€44,815▼
2023 · €116,537
Current ratio
6.88▲
2023 · 4.85
Quick ratio
6.82▲
2023 · 4.80
Debt to equity
0.32▲
2023 · 0.30
ROE
2.9%▼
2023 · 8.9%
ROA
2.2%▼
2023 · 6.9%
Interest coverage
15.24▼
2023 · 35.16
Debt ≤ 1 year
€195,690▼
2023 · €264,355
Debt > 1 year
€35,169▼
2023 · €46,847
Income taxes
€15,339▼
2023 · €41,658
Staff costs
€246,082▼
2023 · €260,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,271 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €352,415 | €301,515 | €260,810 | €246,082 | ▼ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,383 | €23,870 | €23,614 | €22,714 | €13,290 | ▼ 41.5% |
| Other operating charges640/8 | - | €6,143 | €5,615 | €5,419 | €6,163 | ▲ 13.7% |
| Non-recurring operating charges66A | - | - | - | €0 | €0 | ▼ 100% |
| Gross operating margin9900 | €400,885 | €496,982 | €743,846 | €428,504 | €315,379 | ▼ 26.4% |
| Operating profit (loss)9901 | €78,051 | €114,555 | €413,101 | €139,561 | €49,845 | ▼ 64.3% |
| Financial income75/76B | - | €50 | €117 | €535 | €1,163 | ▲ 117% |
| Recurring financial income75 | €194 | €50 | €117 | €535 | €1,163 | ▲ 117% |
| Financial charges65/66B | - | €5,852 | €14,017 | €4,615 | €4,143 | ▼ 10.2% |
| Recurring financial charges65 | €4,484 | €5,852 | €14,017 | €4,615 | €4,143 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €73,761 | €108,753 | €399,201 | €135,480 | €46,864 | ▼ 65.4% |
| Income taxes67/77 | €20,229 | €42,269 | €126,586 | €41,658 | €15,339 | ▼ 63.2% |
| Profit (loss) for the period9904 | €53,531 | €66,485 | €272,615 | €93,823 | €31,526 | ▼ 66.4% |
| Transfer from tax-exempt reserves789 | - | €37,500 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €53,531 | €103,985 | €272,615 | €93,823 | €31,526 | ▼ 66.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.3m | €1.4m | €1.4m | ▲ 4.2% |
| Fixed assets21/28 | €157,258 | €109,688 | €87,253 | €84,605 | €78,553 | ▼ 7.2% |
| Tangible fixed assets22/27 | €133,558 | €109,688 | €87,253 | €84,605 | €78,553 | ▼ 7.2% |
| Land and buildings22 | - | €78,217 | €61,473 | €48,308 | €48,792 | ▲ 1.0% |
| Plant, machinery and equipment23 | - | €31,055 | €24,793 | €35,545 | €29,245 | ▼ 17.7% |
| Furniture and vehicles24 | - | €417 | €987 | €751 | €516 | ▼ 31.4% |
| Financial fixed assets28 | €23,700 | - | - | - | - | - |
| Current assets29/58 | €899,073 | €944,564 | €1.2m | €1.3m | €1.3m | ▲ 5.0% |
| Stocks and contracts in progress3 | €14,368 | €16,526 | €40,333 | €12,689 | €11,429 | ▼ 9.9% |
| Stocks30/36 | - | €16,526 | €40,333 | €12,689 | €11,429 | ▼ 9.9% |
| Amounts receivable within one year40/41 | €236,877 | €235,932 | €203,770 | €375,578 | €263,354 | ▼ 29.9% |
| Trade receivables40 | - | €211,146 | €168,284 | €320,542 | €204,181 | ▼ 36.3% |
| Other amounts receivable41 | - | €24,786 | €35,486 | €55,035 | €59,173 | ▲ 7.5% |
| Current investments50/53 | - | €352,750 | €352,750 | €802,750 | €952,750 | ▲ 18.7% |
| Cash at bank and in hand54/58 | €645,955 | €333,626 | €588,195 | €87,807 | €113,541 | ▲ 29.3% |
| Deferred charges and accrued income490/1 | - | €5,730 | €3,266 | €3,263 | €4,769 | ▲ 46.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.3m | €1.4m | €1.4m | ▲ 4.2% |
| Equity10/15 | €659,790 | €726,275 | €956,533 | €1.1m | €1.1m | ▲ 3.0% |
| Contributions10/11 | - | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €635,001 | €701,486 | €931,744 | €1.0m | €1.1m | ▲ 3.1% |
| Non-distributable reserves130/1 | - | €2,479 | €2,479 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,479 | €2,479 | €0 | - | - |
| Distributable reserves133 | - | €699,007 | €929,265 | €1.0m | €1.1m | ▲ 3.1% |
| Amounts payable17/49 | €396,541 | €327,978 | €319,034 | €316,336 | €342,515 | ▲ 8.3% |
| Amounts payable after more than one year17 | €100,168 | €77,186 | €60,887 | €46,847 | €35,169 | ▼ 24.9% |
| Financial debts170/4 | - | €77,186 | €60,887 | €46,847 | €35,169 | ▼ 24.9% |
| Amounts payable within one year42/48 | €293,997 | €247,130 | €257,821 | €264,355 | €195,690 | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | - | €28,051 | €16,299 | €14,041 | €11,678 | ▼ 16.8% |
| Financial debts43 | - | - | €5,825 | €0 | - | - |
| Credit institutions430/8 | - | - | €5,825 | €0 | - | - |
| Trade debts44 | €22,091 | €35,861 | €26,759 | €44,267 | €36,349 | ▼ 17.9% |
| Suppliers440/4 | - | €35,861 | €26,759 | €44,267 | €36,349 | ▼ 17.9% |
| Taxes, remuneration and social security45 | - | €46,089 | €80,129 | €77,176 | €25,090 | ▼ 67.5% |
| Taxes450/3 | - | €5,650 | €51,586 | €51,662 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €40,439 | €28,542 | €25,514 | €25,090 | ▼ 1.7% |
| Other amounts payable47/48 | - | €137,130 | €128,810 | €128,871 | €122,572 | ▼ 4.9% |
| Accrued charges and deferred income492/3 | - | €3,662 | €325 | €5,135 | €111,656 | ▲ 2,074% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,531 | €66,485 | €272,615 | €93,823 | €31,526 | ▼ 66.4% |
| + Depreciation and write-downs630 | €23,383 | €23,870 | €23,614 | €22,714 | €13,290 | ▼ 41.5% |
| Operating cash flow (approximation) | €76,914 | €90,354 | €296,230 | €116,537 | €44,815 | ▼ 61.5% |
| Investment in fixed assets (approximation) | - | €23,700 | -€1,179 | -€20,067 | -€7,238 | ▲ 63.9% |
| Change in cash | - | -€312,329 | €254,569 | -€500,388 | €25,734 | ▲ 105% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €31,526 ▼66.4%
Net result drops to €31,526, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1mEq €1.1m ▲9.8%
6 profitable years in a row build equity to €1.1m.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
31-12
Financial
Highest result since 2018net €272,615 ▲310%
Operating result €413,101, net result €272,615, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
31-12
Financial
Equity above €500,000Eq €606,259 ▲50.2%
2 profitable years in a row build equity to €606,259.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 55 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waremme · 1 establishment unit since 1995
Ground area
1,462 m²
Building footprint
623 m²
Volume, LiDAR
3,702 m³
Parcel 64074B0163/00K002, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NETWORK CABLING SOLUTIONS
since 19952.070.694.533
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074B0163/00K002 | Wallonia | 1,462 m² | 1 · 623 m² | 6.8 m · 2 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.
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Of 2,147 companies in sector 71209 we hold annual accounts for 1,087. 553 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
71209Other technical testing and analysis
25210Manufacture of fabricated metal products, except machinery and equipment
33200Installation of industrial machinery and equipment
62900Other information technology and computer services
95100Repair and maintenance of computers and communication equipment
Contact
Phone
+3219330152
E-mail
gvranken@ncsbel.beWaremme
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453716411
Also
9925:BE0453716411
Registered
16-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.