NTLS
Dissolved and wound up on 01-06-2026Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 30-06-2026 at the NBB all 19 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,421▼ 99.8%
2025 · €2.2m
Working capital
€0▼ 100%
2025 · €3.1m
Multi-year overview
2018 to 2026, 9 financial yearsOperating result
-€13,385
2026
20182026
Net result
€5,421
▼ 99.8%
2026
20182026
Equity
€0
▼ 100%
2026
20182026
Total assets
€3.1m
▼ 4.2%
2026
20182026
Debt
€3.1m
▲ 22×
2026
20182026
Working capital
€0
▼ 100%
2026
20182026
Staff (FTE)
0
▼ 100%
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result€0.6m-€0.7m▲ 19.1%€0.4m▼ 38.0%€0.6m▲ 54.9%€0.3m▼ 45.3%€0.3m▼ 1.3%€0.3m▼ 8.5%€3.2m▲ 925%-€0.01m
Net result€0.5m-€0.5m▲ 5.1%€0.4m▼ 24.3%€0.5m▲ 41.6%€0.3m▼ 46.2%€0.2m▼ 18.5%€0.2m▲ 2.2%€2.2m▲ 832%€0.005m▼ 99.8%
Equity€0.9m-€1.1m▲ 34.2%€1.2m▲ 6.4%€1.2m▼ 4.8%€1.1m▼ 2.9%€1.1m▼ 1.8%€1.1m▲ 2.5%€3.1m▲ 168%€0▼ 100%
Total assets€4.3m-€7.6m▲ 77.0%€7.0m▼ 7.6%€6.1m▼ 13.5%€5.7m▼ 5.5%€7.9m▲ 37.2%€5.8m▼ 26.2%€3.2m▼ 44.9%€3.1m▼ 4.2%
Debt€3.4m-€6.4m▲ 87.6%€5.8m▼ 10.1%€4.9m▼ 15.4%€4.6m▼ 6.1%€6.7m▲ 46.8%€4.7m▼ 30.9%€0.1m▼ 97.0%€3.1m▲ 22×
Working capital€0.2m-€0.5m▲ 102%€0.6m▲ 31.6%€0.6m▼ 4.0%€0.6m▲ 5.9%€0.7m▲ 4.8%€0.7m▲ 13.4%€3.1m▲ 311%€0▼ 100%
Staff (FTE)5.8-5.7▼ 1.7%5.9▲ 3.5%5.6▼ 5.1%6.3▲ 12.5%6.2▼ 1.6%5.4▼ 12.9%5▼ 7.4%0▼ 100%
The operating result for 2026 is a loss of €13,385, after a profit of €3.2m in 2025. It is the lowest result since 2018.
Large changes and their cause
- 2026 Net result -100% on 2025. This financial year ran 5 months, the previous one 12. The accounts now follow the abbreviated format, last year the full format.
- 2026 Staff (FTE) -100% on 2025. The accounts now follow the abbreviated format, last year the full format.
Key figures and ratios
Solvency
0.0%▼
2025 · 95.6%
Current ratio
1.00▼
2025 · 22.85
ROA
0.2%▼
2025 · 69.1%
Debt ≤ 1 year
€3.1m▲
2025 · €139,748
Income taxes
€1,807▼
2025 · €1.0m
Staff costs
€0▼
2025 · €324,155
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 8 | 8 | 6 | - |
| full-time | 4 | 4 | 4 | 5 | - |
| part-time | 4 | 4 | 4 | 1 | - |
| in full-time equivalents | 5.9 | 6 | 6 | 5.3 | - |
| Average over the year, in full-time equivalents | 5.6 | 6.3 | 6.2 | 5.4 | 5 |
| On a permanent contract | 7 | 7 | 7 | 5 | - |
| Joined | 2 | 2 | 3 | 1 | 1 |
| Left | 2 | 2 | 3 | 3 | 7 |
| Training hours | 19 | - | - | 84 | 7 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 | 01-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €17,578 | €12,854 | €11,689 | €5,448 | - |
| Financial fixed assets | - | - | - | €0 | €0 |
| Depreciation and write-downs of the year | €75,577 | €73,296 | €72,010 | €0 | - |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.4m | €0.4m | €0.4m | €0.3m | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.08m | €0.08m | €0.07m | €0.08m | €0.07m | €0.07m | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.002m | -€0.002m | €0 | - |
| Other operating charges640/8 | - | - | - | €0.008m | €0.001m | €0.03m | €0.01m | €0.02m | €0 | ▼ 100% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | - | €0.009m | - |
| Gross operating margin9900 | €1.0m | €1.1m | €0.9m | €1.0m | €0.8m | €0.8m | €0.8m | €3.6m | -€0.004m | - |
| Operating profit (loss)9901 | €0.6m | €0.7m | €0.4m | €0.6m | €0.3m | €0.3m | €0.3m | €3.2m | -€0.01m | - |
| Financial income75/76B | - | - | - | €0.002m | €197 | €0.002m | €0.02m | €0.02m | €0.02m | ▼ 4.0% |
| Recurring financial income75 | €0.002m | €0.002m | €0.002m | €0.002m | €197 | €0.002m | €0.02m | €0.02m | €0.02m | ▼ 4.0% |
| Financial charges65/66B | - | - | - | €0.004m | €0.003m | €0.002m | €0.01m | €0.007m | €41 | ▼ 99.4% |
| Recurring financial charges65 | €0.009m | €0.006m | €0.005m | €0.004m | €0.003m | €0.002m | €0.01m | €0.007m | €41 | ▼ 99.4% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.7m | €0.4m | €0.6m | €0.3m | €0.3m | €0.3m | €3.2m | €0.007m | ▼ 99.8% |
| Income taxes67/77 | €0.08m | €0.2m | €0.03m | €0.1m | €0.06m | €0.1m | €0.08m | €1.0m | €0.002m | ▼ 99.8% |
| Profit (loss) for the period9904 | €0.5m | €0.5m | €0.4m | €0.5m | €0.3m | €0.2m | €0.2m | €2.2m | €0.005m | ▼ 99.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.001m | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.5m | €0.4m | €0.5m | €0.3m | €0.2m | €0.2m | €2.2m | €0.005m | ▼ 99.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €4.3m | €7.6m | €7.0m | €6.1m | €5.7m | €7.9m | €5.8m | €3.2m | €3.1m | ▼ 4.2% |
| Fixed assets21/28 | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €100 | €0 | ▼ 100% |
| Intangible fixed assets21 | €0.002m | €0.001m | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.003m | €0.003m | €0.002m | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.03m | €0.02m | €0.02m | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €0.5m | €0.5m | €0.4m | €0.4m | €0 | - | - |
| Financial fixed assets28 | - | €100 | €100 | €100 | €100 | €100 | €100 | €100 | €0 | ▼ 100% |
| Current assets29/58 | €3.5m | €6.9m | €6.4m | €5.5m | €5.2m | €7.4m | €5.4m | €3.2m | €3.1m | ▼ 4.2% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.1m | €0.3m | €0.2m | €0.4m | €0.2m | €0.09m | €0.005m | ▼ 94.7% |
| Trade receivables40 | - | - | - | €0.1m | €0.09m | €0.2m | €0.1m | €0.002m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.1m | €0.2m | €0.07m | €0.08m | €0.005m | ▼ 94.6% |
| Current investments50/53 | - | - | - | - | - | - | €0.1m | €2.4m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3.3m | €6.6m | €6.3m | €5.2m | €5.0m | €7.0m | €5.1m | €0.7m | €3.1m | ▲ 336% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.006m | €0.005m | €0.006m | €0 | ▼ 100% |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €4.3m | €7.6m | €7.0m | €6.1m | €5.7m | €7.9m | €5.8m | €3.2m | €3.1m | ▼ 4.2% |
| Equity10/15 | €0.9m | €1.1m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | €3.1m | €0 | ▼ 100% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0 | - | - | - | - |
| Reserves13 | €0.8m | €1.1m | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | €3.1m | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €3.1m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €3.4m | €6.4m | €5.8m | €4.9m | €4.6m | €6.7m | €4.7m | €0.1m | €3.1m | ▲ 22× |
| Amounts payable after more than one year17 | €0.1m | - | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €3.3m | €6.4m | €5.8m | €4.9m | €4.6m | €6.7m | €4.7m | €0.1m | €3.1m | ▲ 22× |
| Trade debts44 | €2.7m | €5.5m | €5.1m | €3.9m | €3.9m | €5.1m | €4.1m | €0.01m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €3.9m | €3.9m | €5.1m | €4.1m | €0.01m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.7m | €0.6m | €1.7m | €0.5m | €0.1m | €0.002m | ▼ 98.6% |
| Taxes450/3 | - | - | - | €0.04m | €0.5m | €1.6m | €0.4m | €0.1m | €0.002m | ▼ 98.6% |
| Remuneration and social security454/9 | - | - | - | €0.6m | €0.06m | €0.05m | €0.04m | €0.001m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.2m | €0 | €0.06m | €0 | €3.1m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €0.01m | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.5m | €0.4m | €0.5m | €0.3m | €0.2m | €0.2m | €2.2m | €0.005m | ▼ 99.8% |
| + Depreciation and write-downs630 | €0.09m | €0.08m | €0.08m | €0.07m | €0.08m | €0.07m | €0.07m | €0 | - | - |
| Operating cash flow (approximation) | €0.6m | €0.6m | €0.5m | €0.6m | €0.4m | €0.3m | €0.3m | €2.2m | €0.005m | ▼ 99.8% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.007m | -€0.04m | -€0.02m | -€0.01m | -€0.01m | €0.4m | €100 | ▼ 100.0% |
| Change in cash | - | €3.3m | -€0.4m | -€1.1m | -€0.2m | €2.0m | -€1.9m | -€4.4m | €2.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 01-06-2026 | abbreviated format | 30-06-2026 | 2026-00222559 | |
| 31-12-2025 | full format | 08-06-2026 | 2026-00141956 | |
| 31-12-2024 | full format | 28-05-2025 | 2025-00108348 | |
| 31-12-2023 | full format | 13-06-2024 | 2024-00126274 | |
| 31-12-2022 | full format | 20-06-2023 | 2023-00138268 | |
| 31-12-2021 | full format | 13-06-2022 | 2022-20057651 | |
| 31-12-2020 | full format | 04-06-2021 | 2021-17300242 | |
| 31-12-2019 | full format | 25-06-2020 | 2020-20200104 | |
| 31-12-2018 | full format | 17-06-2019 | 2019-18600131 | |
| 31-12-2017 | full format | 04-06-2018 | 2018-16000010 |