NetXpress
ActiveSummary
NetXpress has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€17,885) and a net result of €5,432. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+79
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.52 in 2024; short-term debt: 114.2% and cash: 15.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-27.3%
Return on assets
8.3%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 11508 sector peers (2025).
NBB · sector comparisonPosition among 11508 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-03-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
40 d early
2023
on the day
2022
16 d late
2021
10 d late
2020
on the day
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 1 May (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€17,885▲ 23.3%
2024 · -€23,316
Total assets
€65,592▼ 12.6%
2024 · €75,042
Net result
€5,432
2024 · -€18,526
Working capital
-€31,391▲ 20.1%
2024 · -€39,304
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,451▼ 49.5%-€10,112-€15,824▼ 56.5%-€6,513▲ 58.8%€6,651
Net result€7,881within the sector's middle half▼ 61.9%-€9,620below the sector's middle half-€15,872below the sector's middle half▼ 65.0%-€18,526below the sector's middle half▼ 16.7%€5,432within the sector's middle half
Equity€20,701below the sector's middle half▲ 61.5%€11,081below the sector's middle half▼ 46.5%-€4,790below the sector's middle half-€23,316below the sector's middle half▼ 387%-€17,885below the sector's middle half▲ 23.3%
Total assets€96,766below the sector's middle half▲ 182%€73,587below the sector's middle half▼ 24.0%€58,272below the sector's middle half▼ 20.8%€75,042below the sector's middle half▲ 28.8%€65,592within the sector's middle half▼ 12.6%
Debt€76,065▲ 254%€62,506▼ 17.8%€63,062▲ 0.9%€98,359▲ 56.0%€83,476▼ 15.1%
Working capital€20,812below the sector's middle half▲ 62.3%€3,078below the sector's middle half▼ 85.2%-€4,288below the sector's middle half-€39,304below the sector's middle half▼ 817%-€31,391below the sector's middle half▲ 20.1%
Solvency21.4%within the sector's middle half▼ 15.9pp15.1%below the sector's middle half▼ 6.3pp-8.2%below the sector's middle half▼ 23.3pp-31.1%below the sector's middle half▼ 22.9pp-27.3%below the sector's middle half▲ 3.8pp
Current ratio1.27within the sector's middle half▼ 0.321.05below the sector's middle half▼ 0.220.93below the sector's middle half▼ 0.120.52below the sector's middle half▼ 0.410.58below the sector's middle half▲ 0.06
Return on assets (ROA)8.1%within the sector's middle half▼ 52.1pp-13.1%below the sector's middle half▼ 21.2pp-27.2%below the sector's middle half▼ 14.2pp-24.7%below the sector's middle half▲ 2.5pp8.3%within the sector's middle half▲ 33.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,651 after a loss of €6,513 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,592
Fixed assets
€22,064 ▼ 31.6%
Current assets
€43,528 ▲ 1.8%
Key figures and ratios
EBITDA
€16,858▲
2024 · -€4,774
Cash flow
€15,639▲
2024 · -€16,787
Quick ratio
0.41▼
2024 · 0.47
Debt to equity
-4.67▼
2024 · -4.22
Interest coverage
13.83▲
2024 · -5.95
Debt ≤ 1 year
€74,919▼
2024 · €82,075
Debt > 1 year
€8,030▼
2024 · €15,770
Income taxes
€0▼
2024 · €11,211
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,632 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,037 | €0 | €1,739 | €10,208 | ▲ 487% |
| Other operating charges640/8 | €120 | €273 | €290 | €278 | €293 | ▲ 5.5% |
| Gross operating margin9900 | €10,571 | -€7,802 | -€15,534 | -€4,496 | €17,151 | ▲ 482% |
| Operating profit (loss)9901 | €10,451 | -€10,112 | -€15,824 | -€6,513 | €6,651 | ▲ 202% |
| Financial income75/76B | €4 | €0 | €49 | €0 | €0 | - |
| Recurring financial income75 | €4 | €0 | €49 | €0 | €0 | - |
| Financial charges65/66B | €44 | -€492 | €96 | €803 | €1,219 | ▲ 51.9% |
| Recurring financial charges65 | €44 | -€492 | €96 | €803 | €1,219 | ▲ 51.9% |
| Profit (loss) for the period before taxes9903 | €10,411 | -€9,620 | -€15,872 | -€7,315 | €5,432 | ▲ 174% |
| Income taxes67/77 | €2,529 | €0 | - | €11,211 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €7,881 | -€9,620 | -€15,872 | -€18,526 | €5,432 | ▲ 129% |
| Profit (loss) for the period to be appropriated9905 | €7,881 | -€9,620 | -€15,872 | -€18,526 | €5,432 | ▲ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,766 | €73,587 | €58,272 | €75,042 | €65,592 | ▼ 12.6% |
| Fixed assets21/28 | - | €8,463 | €0 | €32,272 | €22,064 | ▼ 31.6% |
| Tangible fixed assets22/27 | - | €8,463 | €0 | €32,272 | €22,064 | ▼ 31.6% |
| Plant, machinery and equipment23 | - | - | - | €7,660 | €5,966 | ▼ 22.1% |
| Furniture and vehicles24 | - | €8,463 | €0 | - | - | - |
| Leasing and similar rights25 | - | - | - | €24,611 | €16,098 | ▼ 34.6% |
| Current assets29/58 | €96,766 | €65,124 | €58,272 | €42,771 | €43,528 | ▲ 1.8% |
| Stocks and contracts in progress3 | - | - | - | €4,509 | €13,095 | ▲ 190% |
| Stocks30/36 | - | - | - | €4,509 | €13,095 | ▲ 190% |
| Amounts receivable within one year40/41 | €75,568 | €59,157 | €43,769 | €35,693 | €19,206 | ▼ 46.2% |
| Trade receivables40 | €21,471 | €15,471 | €0 | €2,022 | €5,693 | ▲ 182% |
| Other amounts receivable41 | €54,098 | €43,687 | €43,769 | €33,671 | €13,513 | ▼ 59.9% |
| Cash at bank and in hand54/58 | €21,198 | €5,966 | €14,502 | €1,490 | €9,992 | ▲ 570% |
| Deferred charges and accrued income490/1 | - | - | - | €1,078 | €1,234 | ▲ 14.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,766 | €73,587 | €58,272 | €75,042 | €65,592 | ▼ 12.6% |
| Equity10/15 | €20,701 | €11,081 | -€4,790 | -€23,316 | -€17,885 | ▲ 23.3% |
| Contributions10/11 | €16,300 | €16,300 | €16,300 | €16,300 | €16,300 | = |
| Profit (loss) carried forward14 | €4,401 | -€5,219 | -€21,090 | -€39,616 | -€34,185 | ▲ 13.7% |
| Amounts payable17/49 | €76,065 | €62,506 | €63,062 | €98,359 | €83,476 | ▼ 15.1% |
| Amounts payable after more than one year17 | - | - | - | €15,770 | €8,030 | ▼ 49.1% |
| Financial debts170/4 | - | - | - | €15,770 | €8,030 | ▼ 49.1% |
| Amounts payable within one year42/48 | €75,954 | €62,046 | €62,560 | €82,075 | €74,919 | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,514 | €8,514 | = |
| Trade debts44 | €70,925 | €1,967 | €3,411 | €2,208 | €66 | ▼ 97.0% |
| Suppliers440/4 | €70,925 | €1,967 | €3,411 | €2,208 | €66 | ▼ 97.0% |
| Taxes, remuneration and social security45 | €2,529 | €0 | €610 | €1,665 | €1,650 | ▼ 0.9% |
| Taxes450/3 | €2,529 | €0 | €610 | €1,665 | €610 | ▼ 63.4% |
| Remuneration and social security454/9 | - | - | - | - | €1,040 | - |
| Other amounts payable47/48 | €2,500 | €60,079 | €58,538 | €69,689 | €64,689 | ▼ 7.2% |
| Accrued charges and deferred income492/3 | €111 | €460 | €502 | €513 | €528 | ▲ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,881 | -€9,620 | -€15,872 | -€18,526 | €5,432 | ▲ 129% |
| + Depreciation and write-downs630 | - | €2,037 | €0 | €1,739 | €10,208 | ▲ 487% |
| Operating cash flow (approximation) | €7,881 | -€7,583 | -€15,872 | -€16,787 | €15,639 | ▲ 193% |
| Investment in fixed assets (approximation) | - | - | €8,463 | -€34,011 | €0 | ▲ 100% |
| Change in cash | - | -€15,232 | €8,536 | -€13,012 | €8,501 | ▲ 165% |
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
Next filing, fiscal year 2026, expected by
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €5,432
Net result €5,432 after 3 loss-making years.
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet -€18,526
Net result drops to -€18,526, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €20,675
Net result €20,675 after 2 loss-making years.
30-09
Financial
Liquidity times 7current ratio 1.60
Current ratio from 0.22 to 1.60.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 44 days late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 197 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Roeselare · 1 establishment unit since 2013
Ground area
575 m²
Building footprint
89 m²
Parcel 36505C0744/00H000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PI-ING
since 20132.218.585.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505C0744/00H000 | Flanders | 575 m² | 1 · 89 m² | 0.1 m |
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 472 companies in sector 46442 we hold annual accounts for 336. 105 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
Founded04-04-2013
Fiscal year end30-09
Activities, NACEBEL 2025
46442Wholesale trade
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0525981015
Also
9925:BE0525981015
Registered
13-05-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.