NETWORK MODEL - AGENCY

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NETWORK MODEL - AGENCY is 1.1% (low). The 2023 annual accounts show negative equity (€-29k) and a net result of €-15k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 327 sector peers (fiscal year 2023). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.1% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Negative equity

Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 392 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-10-2024, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	31-10-2024	92 d late	2024-00526283
31-12-2022	31-07-2023	30-08-2023	30 d late	2023-00394485
31-12-2021	31-07-2022	30-09-2022	61 d late	2022-20441496
31-12-2020	31-07-2021	31-10-2021	92 d late	2021-76400196
31-12-2018	31-07-2019	29-10-2019	90 d late	2019-71600498
31-12-2017	31-07-2018	01-10-2018	62 d late	2018-67200058
31-12-2016	31-07-2017	28-09-2017	59 d late	2017-63100374
31-12-2015	31-07-2016	29-10-2016	90 d late	2016-66600259
31-12-2014	31-07-2015	07-10-2015	68 d late	2015-64000127
31-12-2013	31-07-2014	12-10-2014	73 d late	2014-64600023

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1999, 27 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-15k-39.6%

Working capital€-37k-57.5%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 31-10-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~3.7%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 78 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-139.7%	57.9%	better than 5% of 327 sector peers
Net result	€-15k	€20k	better than 10% of 327 sector peers
Equity	€-29k	€42k	better than 5% of 327 sector peers
Gross operating margin	€24k	€43k	better than 33% of 325 sector peers
Staff costs	€32k	€45k	higher than 45% of 93 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P5

Stable position over 2020-2023 · n=41-327

Net result P10

Weakening position over 2020-2023 · n=40-327

Equity P5

Stable position over 2020-2023 · n=41-327

Gross operating margin P33

Stable position over 2020-2023 · n=41-325

Describes the position versus peers, not a forecast.

EBITDA

€-10k

-9.2% 18-23

Net profit

€-15k

-39.6% 18-23

Cash flow

€-10k

-8.6% 18-23

Total assets

€21k

-35.1% 18-23

Equity

€-29k

-102.8% 18-23

Working capital

€-37k

-57.5% 18-23

Employees (FTE)

1

0.0% 18-23

Staff costs

€32k

+83.3% 18-23

Show 10 other metrics

Income taxes

€8k

+584.1% 18-23

Debt

€50k

+7.5% 18-23

Debt ≤ 1y

€50k

+7.5% 18-23

Current ratio

0.26

-47.8% 18-23

Quick ratio

0.26

-47.8% 18-23

Solvency

-139.7%

-212.6% 18-23

Debt / equity

-1.72

+47.0% 18-23

ROE

50.7%

-31.2% 18-23

ROA

-70.8%

-115.1% 18-23

Interest coverage

-90.83

-53.2% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€-10k
Net profit	€-15k
Cash flow	€-10k
Staff costs	€32k
Income taxes	-
Dividends	-
Total assets	€21k
Equity	€-29k
Debt	€50k
of which ≤ 1y	€50k
of which > 1y	-
Working capital	€-37k
Employees (FTE)	1.0

Ratios (computed)

	2023
Current ratio	0.26
Quick ratio	0.26
Working capital ratio	-178.0%
Solvency	-139.7%
Debt / equity	-1.72
Long-term debt ratio	-
Interest coverage	-90.83
Gross margin	-
Net margin	-
ROA	-70.8%
ROE	50.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €8k · 38.3% Current assets €13k · 61.7%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€21k
Fixed assets	21/28	€8k
Tangible fixed assets	22/27	€8k
Current assets	29/58	€13k
Amounts receivable within one year	40/41	€10k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€21k
Equity	10/15	€-29k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€-48k
Amounts payable	17/49	€50k
Amounts payable within one year	42/48	€50k
Trade debts payable within one year	44	€20k
Income statement
Gross operating margin	9900	€24k
Operating result	9901	€-15k
Financial income	75	€0
Financial charges	65	€109
Result before taxes	9903	€-15k
Net result for the period	9904	€-15k
Result to be appropriated	9905	€-15k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

NETWORK MODEL AGENCY

Beatrijslaan 12, 2050 AntwerpenAgentschap voor fotomodellen, mannequins, hostessen en dergelijke

since 19992.091.422.740

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,605 m²

Buildings1

Building footprint151 m²

Volume (LiDAR)1,756 m³

Tallest building14.6 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11813N0915/00P015	Flanders	2,605 m²	1 · 151 m²	14.6 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 4 acts read

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

60 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 100

Solvency 33

Growth 58

Stability 100

Credit advice

verdict per customer and amount

Similar

Similar companies

Same sector and region

EM Recruitment

BE 0795.143.048 · Antwerpen

→

HOUSE OF RECRUITMENT SOLUTIONS

BE 0728.656.674 · Antwerpen

→

Lens

BE 0508.636.227 · Antwerpen

→

PROWORK Corporation

BE 1017.912.060 · Antwerpen

→

The Service Group

BE 0742.866.382 · Antwerpen

→

We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 431 of the 2,353 companies in this sector.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Agentschappen voor fotomodellen, mannequins, hostessen en dergelijke74503Arbeidsbemiddeling78100

Primary activity highlighted.

Names & trade names

Legal nameNL

NETWORK MODEL - AGENCY

Registered office

Beatrijslaan 12

2050 Antwerpen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.