NETWORK ON WHEELS
ActiveThe computed 12-month bankruptcy probability of NETWORK ON WHEELS is 2.4% (moderate). The 2025 annual accounts show equity of €25k and a net result of €13k. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 442 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy▼ -33 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency43▼-53
Growth78=
Stability100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 5.68 in 2024), and 75.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
24.5%
Return on assets
12.3%
Age of the figures
8 mo
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 26-01-2026, 186 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
186 d early
2024
30 d early
2023
26 d early
2022
18 d early
2021
22 d late
2020
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 53.1%
2024 · €53k
2020: €13k
2021: €24k
2022: €32k
2023: €37k
2024: €53k
2020 → 2025
Total assets
€102k▲ 1.5%
2024 · €101k
2020: €43k
2021: €41k
2022: €38k
2023: €121k
2024: €101k
2020 → 2025
Net result
€13k▼ 20.1%
2024 · €16k
2020: €-12k
2021: €11k
2022: €8k
2023: €36k
2024: €16k
2020 → 2025
Working capital
€24k▼ 70.3%
2024 · €81k
2020: €13k
2021: €18k
2022: €27k
2023: €34k
2024: €81k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€32k▲ 34.5%€37k▲ 18.0%€53k▲ 42.0%€25k▼ 53.1%
Operating result€11k-€10k▼ 3.2%€36k▲ 245%€26k▼ 26.4%€19k▼ 28.9%
Net result€11k-€8k▼ 23.4%€36k▲ 339%€16k▼ 55.9%€13k▼ 20.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€917▼ 56.1%
Current assets
€101k▲ 2.7%
Equity and liabilities €102k
Equity
€25k▼ 53.1%
Debt
€77k▲ 62.8%
The debt ratio rises from 47.1% to 75.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€20k▼
2024 · €28k
Cash flow
€14k▼
2024 · €17k
Solvency
24.5%▼
2024 · 52.9%
Current ratio
1.31▼
2024 · 5.68
Quick ratio
1.31▼
2024 · 5.68
Debt / equity
3.08▲
2024 · 0.89
ROE
50.3%▲
2024 · 29.6%
ROA
12.3%▼
2024 · 15.7%
Interest coverage
2.85▼
2024 · 5.10
Debt
€77k▲
2024 · €47k
Debt ≤ 1 year
€77k▲
2024 · €17k
Income taxes
€5k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€101k€102k▲
Fixed assets21/28€2k€917▼
Intangible fixed assets21€2k€917▼
Current assets29/58€99k€101k▲
Amounts receivable within one year40/41€15k€19k▲
Trade receivables40€0€6k▲
Other amounts receivable41€15k€12k▼
Cash at bank and in hand54/58€70k€76k▲
Deferred charges and accrued income490/1€13k€6k▼
Equity and liabilities
Total equity and liabilities10/49€101k€102k▲
Equity10/15€53k€25k▼
Contributions10/11€25k€25k=
Profit (loss) carried forward14€28k€0▼
Amounts payable17/49€47k€77k▲
Amounts payable within one year42/48€17k€77k▲
Trade debts44€926€23k▲
Suppliers440/4€926€23k▲
Advances received on contracts in progress46€16k€13k▼
Taxes, remuneration and social security45€0€7k▲
Taxes450/3€0€7k▲
Other amounts payable47/48€500€35k▲
Accrued charges and deferred income492/3€30k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€577€66▼
Gross operating margin9900€28k€20k▼
Operating profit (loss)9901€26k€19k▼
Financial income75/76B€627€5k▲
Recurring financial income75€627€5k▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€22k€17k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€16k€13k▼
Profit (loss) for the period to be appropriated9905€16k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€41k▲
Profit (loss) brought forward from the previous period14P€12k€28k▲
Profit to be distributed694/7€0€41k▲
Return on contributions (dividend)694€0€41k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 5.68
Current ratio from 1.41 to 5.68; short-term debt falls from €84k to €17k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €36k ▲339%
Operating result €36k, net result €36k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.26
Current ratio from 2.05 to 5.26; short-term debt falls from €17k to €6k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Izegem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Prinsessestraat 1648870 IzegemGround area
1,703 m²
Building footprint
418 m²
Volume, LiDAR
2,681 m³
2 parcels, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NETWORK ON WHEELS
since 20192.295.831.632
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025B0798/00A000 | Flanders | 1,195 m² | 1 · 221 m² | 9.1 m · 2 fl. |
| 36492A0136/00F009 | Flanders | 508 m² | 1 · 197 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,813 EUR awarded · 2,813 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,813 EUR | 2,813 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
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Of 1,430 companies in sector 79110 we hold annual accounts for 874. 546 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2019
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.networkonwheels.be