NETYCH
ActiveSummary
The computed 12-month bankruptcy probability of NETYCH is 3.3% (moderate). The 2024 annual accounts show equity of €49,610 and a net result of €7,937. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 18940 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-24
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 32.73 against 37.87 in 2023; short-term debt: 3.1% and cash: 61.6% of total assets), and 3.1% of the assets are financed with debt.
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Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €49,610
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
190 d late
2022
51 d late
2021
100 d late
2020
110 d late
2019
276 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 130 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€132,359
EBIT margin
3.1%
Net result
€7,937▼ 71.5%
2023 · €27,821
Working capital
€49,610▲ 19.0%
2023 · €41,673
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line20202021202220232024
Turnover
Operating result-€14,110-€23,695▼ 67.9%€43,095€30,131▼ 30.1%€8,253▼ 72.6%
Net result-€14,110within the sector's middle half-€27,102below the sector's middle half▼ 92.1%€42,871above the sector's middle half€27,821above the sector's middle half▼ 35.1%€7,937within the sector's middle half▼ 71.5%
EBIT margin
Equity-€1,917within the sector's middle half-€29,019below the sector's middle half▼ 1,413%€13,852within the sector's middle half€41,673within the sector's middle half▲ 201%€49,610within the sector's middle half▲ 19.0%
Total assets€6,505below the sector's middle half▼ 55.6%€18,962below the sector's middle half▲ 191%€75,278within the sector's middle half▲ 297%€42,803below the sector's middle half▼ 43.1%€51,173within the sector's middle half▲ 19.6%
Debt€8,423▲ 242%€47,982▲ 470%€61,426▲ 28.0%€1,130▼ 98.2%€1,563▲ 38.3%
Working capital-€4,468within the sector's middle half-€30,720below the sector's middle half▼ 587%€32,502within the sector's middle half€41,673above the sector's middle half▲ 28.2%€49,610above the sector's middle half▲ 19.0%
Solvency-29.5%below the sector's middle half▼ 112.6pp-153.0%below the sector's middle half▼ 123.6pp18.4%within the sector's middle half▲ 171.4pp97.4%above the sector's middle half▲ 79.0pp96.9%above the sector's middle half▼ 0.4pp
Current ratio0.47within the sector's middle half▼ 4.440.36below the sector's middle half▼ 0.111.78within the sector's middle half▲ 1.4237.87above the sector's middle half▲ 36.0932.73above the sector's middle half▼ 5.13
Return on assets (ROA)-216.9%below the sector's middle half▼ 230.0pp-142.9%below the sector's middle half▲ 74.0pp57.0%above the sector's middle half▲ 199.9pp65.0%above the sector's middle half▲ 8.0pp15.5%within the sector's middle half▼ 49.5pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 73% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €51,173
Equity
€49,610 ▲ 19.0%
Debt
€1,563 ▲ 38.3%
Debt's share of the balance-sheet total rises from 2.6% to 3.1%. Equity and debt are higher.
Key figures and ratios
Quick ratio
32.40▼
2023 · 36.97
Debt to equity
0.03▲
2023 · 0.03
ROE
16.0%▼
2023 · 66.8%
Debt ≤ 1 year
€1,563▲
2023 · €1,130
Income taxes
-€18▼
2023 · €414
Staff costs
€29,914▲
2023 · €22,521
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €32,142 | €22,521 | €29,914 | ▲ 32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €850 | €850 | €850 | - | - |
| Other operating charges640/8 | - | - | - | €593 | €1,118 | ▲ 88.4% |
| Gross operating margin9900 | -€14,110 | -€22,845 | €76,087 | €54,096 | €39,285 | ▼ 27.4% |
| Operating profit (loss)9901 | -€14,110 | -€23,695 | €43,095 | €30,131 | €8,253 | ▼ 72.6% |
| Financial charges65/66B | - | €3,407 | €224 | €1,897 | €335 | ▼ 82.4% |
| Recurring financial charges65 | - | €3,407 | €224 | €1,897 | €335 | ▼ 82.4% |
| Profit (loss) for the period before taxes9903 | -€14,110 | -€27,102 | €42,871 | €28,234 | €7,919 | ▼ 72.0% |
| Income taxes67/77 | - | - | - | €414 | -€18 | ▼ 104% |
| Profit (loss) for the period9904 | -€14,110 | -€27,102 | €42,871 | €27,821 | €7,937 | ▼ 71.5% |
| Profit (loss) for the period to be appropriated9905 | -€14,110 | -€27,102 | €42,871 | €27,821 | €7,937 | ▼ 71.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,505 | €18,962 | €75,278 | €42,803 | €51,173 | ▲ 19.6% |
| Fixed assets21/28 | €2,551 | €1,701 | €850 | - | - | - |
| Tangible fixed assets22/27 | €2,551 | €1,701 | €850 | - | - | - |
| Plant, machinery and equipment23 | - | €1,701 | €850 | - | - | - |
| Current assets29/58 | €3,954 | €17,262 | €74,428 | €42,803 | €51,173 | ▲ 19.6% |
| Stocks and contracts in progress3 | - | €611 | €911 | €1,016 | €515 | ▼ 49.3% |
| Stocks30/36 | - | €611 | €911 | €1,016 | €515 | ▼ 49.3% |
| Amounts receivable within one year40/41 | €3,886 | €4,416 | €19,986 | €8,121 | €19,158 | ▲ 136% |
| Other amounts receivable41 | - | €4,416 | €19,986 | €8,121 | €19,158 | ▲ 136% |
| Cash at bank and in hand54/58 | €68 | €12,235 | €53,531 | €33,666 | €31,500 | ▼ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,505 | €18,962 | €75,278 | €42,803 | €51,173 | ▲ 19.6% |
| Equity10/15 | -€1,917 | -€29,019 | €13,852 | €41,673 | €49,610 | ▲ 19.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€8,117 | -€35,219 | €7,652 | €35,473 | €43,410 | ▲ 22.4% |
| Amounts payable17/49 | €8,423 | €47,982 | €61,426 | €1,130 | €1,563 | ▲ 38.3% |
| Amounts payable after more than one year17 | - | - | €19,501 | - | - | - |
| Financial debts170/4 | - | - | €19,501 | - | - | - |
| Amounts payable within one year42/48 | €8,423 | €47,982 | €41,926 | €1,130 | €1,563 | ▲ 38.3% |
| Financial debts43 | - | €682 | €682 | €682 | €682 | = |
| Credit institutions430/8 | - | €682 | €682 | €682 | €682 | = |
| Trade debts44 | €5,325 | €47,300 | €41,244 | €449 | €882 | ▲ 96.5% |
| Suppliers440/4 | - | €47,300 | €41,244 | €449 | €882 | ▲ 96.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,110 | -€27,102 | €42,871 | €27,821 | €7,937 | ▼ 71.5% |
| + Depreciation and write-downs630 | - | €850 | €850 | €850 | - | - |
| Operating cash flow (approximation) | -€14,110 | -€26,251 | €43,722 | €28,671 | €7,937 | ▼ 72.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €12,167 | €41,296 | -€19,865 | -€2,166 | ▲ 89.1% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 190 days late
2023
31-12
Financial
Liquidity times 21current ratio 37.87
Current ratio from 1.78 to 37.87; short-term debt falls from €41,926 to €1,130.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial
Back to profitnet €42,871
Net result €42,871 after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.78
Current ratio from 0.36 to 1.78; short-term debt falls from €47,982 to €41,926.
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
31-12
Financial
Weakest financial yearnet -€27,102
Net result drops to -€27,102, the lowest in the series; recovery starts the following year.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 110 days late
03-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 276 days late
2019
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 97 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2017
Ground area
114 m²
Building footprint
55 m²
Volume, LiDAR
379 m³
Parcel 21813D0432/00F014, Brussels · tallest building 15.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nytech
since 20172.265.026.412
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813D0432/00F014 | Brussels | 114 m² | 1 · 54 m² | 15.8 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.265.026.412
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 4,061 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 (pre-2019)
Founded15-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
46130Agents in the wholesale of timber and building materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0671528822
Also
9925:BE0671528822
Registered
21-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.