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NETWORK MODEL - AGENCY

Active
Private limited company (pre-2019)founded 1999active for 27 yearsBeatrijslaan 12, 2050 Antwerpen, BelgiumKBO/BCE: BE 0465.915.744
Summary

The computed 12-month bankruptcy probability of NETWORK MODEL - AGENCY is 6.1% (elevated). For NETWORK MODEL - AGENCY, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€28,958) and a net result of -€14,679. Equity is shrinking by about 3.7% per year across the filed financial years. Its solvency ranks better than 5% of 832 sector peers (NACE 78, financial year 2023). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.

NETWORK MODEL - AGENCYActive

Overview

Activity
Employment placement agencies
NACE 78100
1 site
Size
≈ €180,000turnover 2023, estimated
Staff
1 FTE
Equity
-€28,958
Loss
-€14,679
Turnover estimated from the gross margin
Financial health
Bankruptcy probabilitywithin 12 months
6.1%
2023 figures too old to score
Structure
Parent
BERFI · 96%
2024 accounts not filed, 456 days past the deadline1 of 4 deeds summarised
Signalsraises risk2 financial years not filed after the legal deadline; last filed accounts filed 92 days late; 2 of the last 3 lateFigures for financial year 2023 (filed 04-11-2024)Loss of €14,679, the second in a row (financial year 2023)Two or more financial years not filed2023 accounts filed 92 days latelowers riskSector: Employment activities (NACE 78)Show the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency 0=
equity -139.7% of total assets
Liquidity 19-20
short-term debt 239.7% · cash 15.5%
Profitability 0=
return on assets -70.8%
Bankruptcy probability, 12 months
6.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,376 companies, NACE 78, micro)
Last 24 months 11-2024: 2.5%lowest value 12-2024: 3.6%▲ +1.1 percentage points vs 11-2024 01-2025: 3.6%● unchanged vs 12-2024 02-2025: 3.6%● unchanged vs 01-2025 03-2025: 3.5%▼ -0.1 percentage points vs 02-2025 04-2025: 3.6%▲ +0.1 percentage points vs 03-2025 05-2025: 3.3%▼ -0.3 percentage points vs 04-2025 06-2025: 3.2%▼ -0.1 percentage points vs 05-2025 07-2025: 3.4%▲ +0.2 percentage points vs 06-2025 08-2025: 3.7%▲ +0.3 percentage points vs 07-2025 09-2025: 3.6%▼ -0.1 percentage points vs 08-2025 10-2025: 3.6%● unchanged vs 09-2025 11-2025: 3.7%▲ +0.1 percentage points vs 10-2025 12-2025: 4.5%▲ +0.8 percentage points vs 11-2025 01-2026: 6.7%▲ +2.2 percentage points vs 12-2025 02-2026: 6.7%● unchanged vs 01-2026 03-2026: 6.9%▲ +0.2 percentage points vs 02-2026highest value 04-2026: 6.3%▼ -0.6 percentage points vs 03-2026 05-2026: 6.3%● unchanged vs 04-2026 06-2026: 4.4%▼ -1.9 percentage points vs 05-2026 07-2026: 4.4%● unchanged vs 06-2026 08-2026: 6.1%▲ +1.7 percentage points vs 07-2026 09-2026: 6.1%● unchanged vs 08-2026 10-2026: 6.1%● unchanged vs 09-2026
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Signals

Six signals.
lowers riskraises risk
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 92 days late; 2 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2023 (filed 04-11-2024)
NBB · annual accounts
lowers risk · Sector: Employment activities (NACE 78)
KBO
raises risk · Loss of €14,679, the second in a row (financial year 2023)
NBB · annual accounts
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline30-10-2026 today
raises risk · 2023 accounts filed 92 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
92 days late
2022
30 days late
2021
61 days late
2020
92 days late
2018
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 73 days after the deadline; the sector median (NACE 78) for financial year 2024 is 14 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Registered officeRegistered-office move · Director in…
  3. Weakest financial yearnet -€14,679

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 30 October 2026.

Turnover
≈ €180,000
Estimated: probably between €83,000 and €440,000
Total assets
€20,735▼ 35.1%
2022 · €31,957
Net result
-€14,679▼ 39.6%
2022 · -€10,516
Working capital
-€36,902▼ 57.5%
2022 · -€23,431
Trend over the years

2018 to 2023, 5 financial years 2018 to 2023, 5 financial years

The operating result stays negative: a loss of €14,570 in 2023 against €10,373 in 2022; the loss grows and 2023 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€14,570 2023 Net result-€14,679 2023

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 78, Employment activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20182020202120222023
Operating result-€3,381-€5,685-€32,477▲ 471%-€10,373-€14,570▼ 40.5%
Net result-€4,670-€5,626within the sector's middle half-€23,764within the sector's middle half▲ 322%-€10,516below the sector's middle half-€14,679below the sector's middle half▼ 39.6%
Equity-€22,840--€27,527below the sector's middle half--€3,762below the sector's middle half▲ 86.3%-€14,279below the sector's middle half▼ 280%-€28,958below the sector's middle half▼ 103%
Total assets€79,467-€36,235below the sector's middle half-€58,405below the sector's middle half▲ 61.2%€31,957below the sector's middle half▼ 45.3%€20,735below the sector's middle half▼ 35.1%
Debt€102,306-€63,761-€62,167▼ 2.5%€46,236▼ 25.6%€49,693▲ 7.5%
Working capital-€14,861--€10,533below the sector's middle half-€5,397below the sector's middle half-€23,431below the sector's middle half-€36,902below the sector's middle half▼ 57.5%
Solvency-28.7%--76.0%below the sector's middle half--6.4%below the sector's middle half▲ 69.5pp-44.7%below the sector's middle half▼ 38.2pp-139.7%below the sector's middle half▼ 95.0pp
Current ratio0.84-0.76below the sector's middle half-1.11below the sector's middle half▲ 0.350.49below the sector's middle half▼ 0.610.26below the sector's middle half▼ 0.24
Return on assets (ROA)-5.9%-15.5%within the sector's middle half-40.7%above the sector's middle half▲ 25.2pp-32.9%below the sector's middle half▼ 73.6pp-70.8%below the sector's middle half▼ 37.9pp
Staff (FTE)0.8-0.8within the sector's middle half-1▲ 25.0%1=1=
above within below the middle half of NACE 78, Employment activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €20,735
Fixed assets €7,944 ▼ 13.2%
Current assets €12,791 ▼ 43.9%
Equity and liabilities
Equity-€28,958
Debt€49,693
Equity is negative: debt (€49,693) exceeds the balance-sheet total (€20,735).
Key figures and ratios
2023 value · change against 2022
EBITDA
-€9,932▼
2022 · -€9,099
Cash flow
-€10,041▼
2022 · -€9,242
Interest coverage
-90.83▼
2022 · -59.30
Debt ≤ 1 year
€49,693▲
2022 · €46,236
Staff costs
€32,099▲
2022 · €17,516
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 37 lines
Balance sheet Code20222023
Assets
Total assets20/58€31,957€20,735▼
Fixed assets21/28€9,152€7,944▼
Tangible fixed assets22/27€9,152€7,944▼
Plant, machinery and equipment23€8,152€7,944▼
Furniture and vehicles24€1,000-
Current assets29/58€22,805€12,791▼
Amounts receivable within one year40/41€11,498€9,569▼
Trade receivables40€9,973€9,569▼
Other amounts receivable41€1,525-
Cash at bank and in hand54/58€9,914€3,222▼
Deferred charges and accrued income490/1€1,393-
Equity and liabilities
Total equity and liabilities10/49€31,957€20,735▼
Equity10/15-€14,279-€28,958▼
Contributions10/11€18,592€18,592=
Profit (loss) carried forward14-€32,871-€47,550▼
Amounts payable17/49€46,236€49,693▲
Amounts payable within one year42/48€46,236€49,693▲
Trade debts44€24,664€19,594▼
Suppliers440/4€24,664€19,594▼
Taxes, remuneration and social security45€1,941€4,498▲
Taxes450/3-€185
Remuneration and social security454/9€1,941€4,313▲
Other amounts payable47/48€19,631€25,601▲
Income statement Code20222023
Remuneration, social security and pensions62€17,516€32,099▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,274€4,638▲
Other operating charges640/8€772€1,554▲
Gross operating margin9900€9,190€23,721▲
Operating profit (loss)9901-€10,373-€14,570▼
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€153€109▼
Recurring financial charges65€153€109▼
Profit (loss) for the period before taxes9903-€10,516-€14,679▼
Profit (loss) for the period9904-€10,516-€14,679▼
Profit (loss) for the period to be appropriated9905-€10,516-€14,679▼
Appropriation of the result
Profit (loss) to be appropriated9906-€32,871-€47,550▼
Profit (loss) brought forward from the previous period14P-€22,354-€32,871▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182020202120222023Change
Remuneration, social security and pensions62--€2,249€17,516€32,099▲ 83.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,499€1,641€1,413€1,274€4,638▲ 264%
Other operating charges640/8--€1,312€772€1,554▲ 101%
Gross operating margin9900€26,276€12,301€37,451€9,190€23,721▲ 158%
Operating profit (loss)9901-€3,381€5,685€32,477-€10,373-€14,570▼ 40.5%
Financial income75/76B--€194€10€0▼ 99.2%
Recurring financial income75€16€11€194€10€0▼ 99.2%
Financial charges65/66B--€662€153€109▼ 28.7%
Recurring financial charges65€101€70€662€153€109▼ 28.7%
Profit (loss) for the period before taxes9903-€3,465€5,626€32,009-€10,516-€14,679▼ 39.6%
Income taxes67/77€1,205-€8,245---
Profit (loss) for the period9904-€4,670€5,626€23,764-€10,516-€14,679▼ 39.6%
Profit (loss) for the period to be appropriated9905-€4,670€5,626€23,764-€10,516-€14,679▼ 39.6%
Line20182020202120222023Change
Assets
Total assets20/58€79,467€36,235€58,405€31,957€20,735▼ 35.1%
Fixed assets21/28€693€3,413€2,000€9,152€7,944▼ 13.2%
Tangible fixed assets22/27€693€3,413€2,000€9,152€7,944▼ 13.2%
Plant, machinery and equipment23---€8,152€7,944▼ 2.5%
Furniture and vehicles24--€2,000€1,000--
Current assets29/58€78,774€32,822€56,405€22,805€12,791▼ 43.9%
Amounts receivable within one year40/41€57,341€23,641€29,514€11,498€9,569▼ 16.8%
Trade receivables40--€29,514€9,973€9,569▼ 4.1%
Other amounts receivable41---€1,525--
Cash at bank and in hand54/58€21,433€9,181€26,891€9,914€3,222▼ 67.5%
Deferred charges and accrued income490/1---€1,393--
Equity and liabilities
Total equity and liabilities10/49€79,467€36,235€58,405€31,957€20,735▼ 35.1%
Equity10/15-€22,840-€27,527-€3,762-€14,279-€28,958▼ 103%
Contributions10/11€18,592-€18,592€18,592€18,592=
Profit (loss) carried forward14-€41,432-€46,119-€22,354-€32,871-€47,550▼ 44.7%
Amounts payable17/49€102,306€63,761€62,167€46,236€49,693▲ 7.5%
Amounts payable within one year42/48€93,635€43,355€51,008€46,236€49,693▲ 7.5%
Trade debts44€62,318€17,547€23,890€24,664€19,594▼ 20.6%
Suppliers440/4--€23,890€24,664€19,594▼ 20.6%
Taxes, remuneration and social security45--€7,094€1,941€4,498▲ 132%
Taxes450/3--€6,803-€185-
Remuneration and social security454/9--€291€1,941€4,313▲ 122%
Other amounts payable47/48--€20,024€19,631€25,601▲ 30.4%
Accrued charges and deferred income492/3--€11,160---
Line20182020202120222023Change
Profit (loss) for the period9904-€4,670€5,626€23,764-€10,516-€14,679▼ 39.6%
+ Depreciation and write-downs630€1,499€1,641€1,413€1,274€4,638▲ 264%
Operating cash flow (approximation)-€3,172€7,268€25,177-€9,242-€10,041▼ 8.6%
Investment in fixed assets (approximation)--€0-€8,427-€3,430▲ 59.3%
Change in cash--€17,711-€16,977-€6,692▲ 60.6%

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

Download as CSV

Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference
31-12-2023 micro format 31-10-2024 2024-00526283
31-12-2022 micro format 30-08-2023 2023-00394485
31-12-2021 micro format 30-09-2022 2022-20441496
31-12-2020 micro format 31-10-2021 2021-76400196
31-12-2018 micro format 29-10-2019 2019-71600498
31-12-2017 abbreviated format 01-10-2018 2018-67200058
31-12-2016 micro format 28-09-2017 2017-63100374
31-12-2015 abbreviated format 29-10-2016 2016-66600259
31-12-2014 abbreviated format 07-10-2015 2015-64000127
31-12-2013 abbreviated format 12-10-2014 2014-64600023

Show all 23 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 2,334 active companies whose main activity is employment placement agencies (NACE 78100), figures are known for 1,395. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

1 owner

Chain of control

  1. BERFI 96%
  2. NETWORK MODEL - AGENCY

Highest known parent: BERFI. The sources do not say who stands above it.

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

Depth

The network starts from this company’s shareholders. What else they own or run appears here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

NETWORK MODEL - AGENCY was incorporated on 20 April 1999.1 The registered office was moved to Antwerpen in 2024.2 Total assets fell from €79,467 in 2018 to €20,735 in 2023 and headcount from 0.8 to 1 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 28-05-2024
  3. 3National Bank, annual accounts 2018 and 2023

Acts, filings and financial milestones

2024
31-10
NBB filing Annual accounts filed
financial year 2023 · micro format · 92 days late
28-05
Gazette deed Registered office
Registered-office move · Director in office3 facts ▸
  • General meeting, 27-12-2023
  • Registered-office move, Beatrijslaan 12 te 2050 ANTWERPEN
  • Director in office, Fideel Bernaers (director)
2023
31-12
Financial Weakest financial yearnet -€14,679
Net result drops to -€14,679, the lowest in the series.
30-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 30 days late
2022
30-09
NBB filing Annual accounts filed
financial year 2021 · micro format · 61 days late
2021
31-12
Financial Highest result from 2018 to 2023net €23,764 ▲322%
Operating result €32,477, net result €23,764, both a record.
31-10
NBB filing Annual accounts filed
financial year 2020 · micro format · 92 days late
2020
31-12
Financial Back to profitnet €5,626
Net result €5,626 after one loss-making year.
2019
29-10
NBB filing Annual accounts filed
financial year 2018 · micro format · 90 days late
2018
01-10
NBB filing Annual accounts filed
financial year 2017 · abbreviated format · 62 days late
2017
28-09
NBB filing Annual accounts filed
financial year 2016 · micro format · 59 days late
2016
29-10
NBB filing Annual accounts filed
financial year 2015 · abbreviated format · 90 days late
2015
07-10
NBB filing Annual accounts filed
financial year 2014 · abbreviated format · 68 days late
2014
12-10
NBB filing Annual accounts filed
financial year 2013 · abbreviated format · 73 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 23 annual accounts filed, the latest 10 are here; all 23 are under Financials.
1 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded20-04-1999
Financial year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0465915744
Also 9925:BE0465915744
Registered 01-12-2025

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

Register as of 30 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1999
registered office establishment The establishment unit on the map
Ground area
2,605 m²
Building footprint
151 m²
Building volume
1,756 m³
Parcel 11813N0915/00P015, Flanders · tallest building 14.6 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
NETWORK MODEL AGENCY
Beatrijslaan 12, 2050 AntwerpenEmployment placement agencies
since 1999unit no. 2.091.422.740
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11813N0915/00P015 Flanders 2,605 m² 1 · 151 m² 14.6 m · 4
How the parcels are linked
Good to know
The parcel matches the address exactly.