Equity
€137,069 from €498,779 in 2017
Equity fell by 73% in 8 years.
NETWORK ELECTRONICS BELUX
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €328,592 (2012)
-€25,524▼ €2,907
lowest -€43,448 (2023)
-€36,366▼ €1,350
peak €498,779 (2017)
€137,069▼ 21.0%
€28,391▲ 65.5%
Board1 name since 2021
1 directorBRAES HANS
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from -€22,617 to -€25,524Loss of €36,366Equity from €173,435 to €137,069Debts from €17,159 to €28,391Cash from €8,639 to €1,655
Key points
from the 2025 annual accountsLosses
-€135,788 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Position in the sector
-€36,366
Lower net result than 87% of companies in wholesale trade. Sector median €26,728 · 9,880 companies.
2025 accounts filed 28 days after the deadlineTurnover not published (abbreviated format)
Checked score
67
Healthy
Financially stronger than 40% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.2%▼ -0.1 percentage points vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.2 percentage points vs 06-2025
08-2025: 1.6%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 1.1%▼ -0.5 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.0%▼ -0.1 percentage points vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▲ +0.3 percentage points vs 07-2026
09-2026: 0.9%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €36,366, the second in a row (financial year 2025)
Last filed accounts filed 28 days late; 1 of the last 3 accounts late
Liquidity: current ratio 5.23, cash €1,655, halved
lowers risk
Founded in 2003
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 90% of them on solvency, 46% on liquidity, 6% on profitability and 19% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as NETWORK ELECTRONICS BELUX has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NETWORK ELECTRONICS BELUX itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for NETWORK ELECTRONICS BELUX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.23 (10.76 in 2024), above the usual 1.5. Short-term debt is 17.2% and cash 1% of total assets. 17.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€36,366
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 days late
2024
on the day
2023
61 days late
2022
31 days late
2021
44 days early
2020
5 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 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 (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0860027635
Capital decrease of €284,400 to €18,600
Capital from €303,000 to €18,600 · General meeting of 13-04-2018 · Gazette deed
Incorporation
Gazette deed
First establishment
Dorpelstraat 12, Kortenberg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NETWORK ELECTRONICS BELUX Kortenberg | €165,460 | -€25,524 | 82.8% | - |
| UZAY EUROPE Ghent | €144,992 | -€6,560 | -14.9% | - |
| PRO ONE MARKETING Herzele | €134,734 | -€7,375 | 93.6% | - |
| JMH CONSULT Ellezelles | €224,758 | -€5,322 | 33.0% | - |
| DIERICK INVEST Nazareth-De Pinte | €147,321 | -€2,150 | 98.2% | - |
| A. LEMMENS ET FILS Tinlot | €213,418 | -€3,261 | 59.5% | - |
| THE WIZARD OF DREAMS Aalter | €254,927 | -€104,574 | 25.9% | - |
These companies have the same main activity as NETWORK ELECTRONICS BELUX: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €135,000 and €255,000, founded between 1999 and 2007.
Official details
Source: KBO- Status
- Active since 19-08-2003Normal situation
- Activity
- Agents in the wholesale of industrial machinery, ships and aircraftNACE 46140and 1 other
- Establishment unit
- 2.133.212.1223078 Kortenberg, since 07-08-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Insights on NETWORK ELECTRONICS BELUX
NETWORK ELECTRONICS BELUX files the abbreviated format. That format states no turnover. The gross margin fell from €140,814 in 2006 to -€25,524 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NETWORK ELECTRONICS BELUX
- What is the company number of NETWORK ELECTRONICS BELUX?
- The company number of NETWORK ELECTRONICS BELUX is 0860.027.635. The VAT number is the same number with BE in front: BE 0860.027.635.
- Where is NETWORK ELECTRONICS BELUX based?
- The registered office is at Dorpelstraat 12, 3078 Kortenberg.Company details
- What does NETWORK ELECTRONICS BELUX do?
- According to the KBO register, the main activity is agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140).
- What is the legal form of NETWORK ELECTRONICS BELUX?
- NETWORK ELECTRONICS BELUX is a private limited company (pre-2019) (BVBA).
- When was NETWORK ELECTRONICS BELUX founded?
- NETWORK ELECTRONICS BELUX was founded on 19-08-2003.
- Is NETWORK ELECTRONICS BELUX still active?
- Yes, NETWORK ELECTRONICS BELUX is an active enterprise in the KBO register.
- What is the turnover of NETWORK ELECTRONICS BELUX?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is NETWORK ELECTRONICS BELUX profitable?
- In financial year 2025, NETWORK ELECTRONICS BELUX made a loss of €36,366.
- Where can I find the annual accounts of NETWORK ELECTRONICS BELUX?
- NETWORK ELECTRONICS BELUX filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NETWORK ELECTRONICS BELUX due?
- NETWORK ELECTRONICS BELUX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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