SNELNET
ActiveSummary
SNELNET has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €854k and a net result of €-17k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-18
Solvency91▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 6.3 against 4.53 in 2024; short-term debt: 10.1% and cash: 14.4% of total assets), and 33.7% of the assets are financed with debt.
Credit check for your own amount and term
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
66.3%
Return on assets
-1.3%
Age of the figures
9 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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
3 d early
2023
51 d late
2022
14 d early
2021
89 d late
2020
144 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€854k▼ 1.9%
2024 · €870k
2018: €473klowest in 8 years
2019: €541k▲ +14.3% vs 2018
2020: €569k▲ +5.2% vs 2019
2021: €667k▲ +17.1% vs 2020
2022: €723k▲ +8.4% vs 2021
2023: €839k▲ +16.1% vs 2022
2024: €870k▲ +3.8% vs 2023highest in 8 years
2025: €854k▼ -1.9% vs 2024
2018 → 2025
Total assets
€1.29M▲ 14.5%
2024 · €1.12M
2018: €619klowest in 8 years
2019: €695k▲ +12.2% vs 2018
2020: €697k▲ +0.3% vs 2019
2021: €764k▲ +9.7% vs 2020
2022: €912k▲ +19.4% vs 2021
2023: €1.06M▲ +16.1% vs 2022
2024: €1.12M▲ +6.0% vs 2023
2025: €1.29M▲ +14.5% vs 2024highest in 8 years
2018 → 2025
Net result
€-17k
2024 · €99k
2018: €109k
2019: €68k▼ -38.0% vs 2018
2020: €28k▼ -58.3% vs 2019
2021: €98k▲ +246% vs 2020
2022: €56k▼ -42.5% vs 2021
2023: €116k▲ +107% vs 2022highest in 8 years
2024: €99k▼ -14.7% vs 2023
2025: €-17k▼ -117% vs 2024lowest in 8 years
2018 → 2025
Working capital
€689k▼ 9.9%
2024 · €765k
2018: €464klowest in 8 years
2019: €541k▲ +16.5% vs 2018
2020: €547k▲ +1.2% vs 2019
2021: €642k▲ +17.2% vs 2020
2022: €684k▲ +6.6% vs 2021
2023: €749k▲ +9.5% vs 2022
2024: €765k▲ +2.2% vs 2023highest in 8 years
2025: €689k▼ -9.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€667k-€723k▲ 8.4%€839k▲ 16.1%€870k▲ 3.8%€854k▼ 1.9%
2021: €667klowest in 5 years
2022: €723k▲ +8.4% vs 2021
2023: €839k▲ +16.1% vs 2022
2024: €870k▲ +3.8% vs 2023highest in 5 years
2025: €854k▼ -1.9% vs 2024
Operating result€150k-€90k▼ 40.2%€169k▲ 88.7%€147k▼ 12.8%€-4k
2021: €150k
2022: €90k▼ -40.2% vs 2021
2023: €169k▲ +88.7% vs 2022highest in 5 years
2024: €147k▼ -12.8% vs 2023
2025: €-4k▼ -103% vs 2024lowest in 5 years
Net result€98k-€56k▼ 42.5%€116k▲ 107%€99k▼ 14.7%€-17k
2021: €98k
2022: €56k▼ -42.5% vs 2021
2023: €116k▲ +107% vs 2022highest in 5 years
2024: €99k▼ -14.7% vs 2023
2025: €-17k▼ -117% vs 2024lowest in 5 years
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 turns negative in 2025: a loss of €4k after €147k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€467k ▲ 230%
Current assets
€819k ▼ 16.6%
Equity and liabilities €1.29M
Equity
€854k ▼ 1.9%
Debt
€433k ▲ 71.1%
Debt's share of the balance-sheet total rises from 22.5% to 33.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€56k▼
2024 · €196k
Cash flow
€43k▼
2024 · €148k
Current ratio
6.30▲
2024 · 4.53
Debt to equity
0.51▲
2024 · 0.29
ROE
-2.0%▼
2024 · 11.4%
ROA
-1.3%▼
2024 · 8.8%
Interest coverage
5.43▼
2024 · 32.11
Debt ≤ 1 year
€130k▼
2024 · €217k
Debt > 1 year
€303k▲
2024 · €36k
Income taxes
€2k▼
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.12M€1.29M▲
Fixed assets21/28€142k€467k▲
Tangible fixed assets22/27€135k€461k▲
Land and buildings22-€323k
Plant, machinery and equipment23€100k€123k▲
Furniture and vehicles24€35k€15k▼
Financial fixed assets28€7k€7k=
Current assets29/58€982k€819k▼
Amounts receivable within one year40/41€694k€630k▼
Trade receivables40€354k€333k▼
Other amounts receivable41€341k€297k▼
Cash at bank and in hand54/58€286k€185k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.29M▲
Equity10/15€870k€854k▼
Contributions10/11€15k€13k▼
Reserves13€369k€371k▲
Distributable reserves133€369k€371k▲
Profit (loss) carried forward14€487k€470k▼
Amounts payable17/49€253k€433k▲
Amounts payable after more than one year17€36k€303k▲
Financial debts170/4€36k€303k▲
Amounts payable within one year42/48€217k€130k▼
Current portion of amounts payable after more than one year42€21k€23k▲
Financial debts43€25k€0▼
Credit institutions430/8€25k€0▼
Trade debts44€41k€48k▲
Suppliers440/4€41k€48k▲
Taxes, remuneration and social security45€65k€60k▼
Taxes450/3€62k€53k▼
Remuneration and social security454/9€4k€7k▲
Other amounts payable47/48€64k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€60k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€203k€62k▼
Operating profit (loss)9901€147k€-4k▼
Financial income75/76B€27€0▼
Recurring financial income75€27€0▼
Financial charges65/66B€6k€10k▲
Recurring financial charges65€6k€10k▲
Profit (loss) for the period before taxes9903€141k€-14k▼
Income taxes67/77€42k€2k▼
Profit (loss) for the period9904€99k€-17k▼
Profit (loss) for the period to be appropriated9905€99k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€586k€470k▼
Profit (loss) brought forward from the previous period14P€487k€487k=
Transfer from equity791/2€68k€0▼
Transfer to equity691/2€99k€0▼
To other reserves6921€99k€0▼
Profit to be distributed694/7€68k€0▼
Return on contributions (dividend)694€68k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €29k | €36k | €48k | €60k | ▲ 23.8% |
| Other operating charges640/8 | €6k | €17k | €5k | €7k | €6k | ▼ 6.8% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Gross operating margin9900 | €184k | €136k | €210k | €203k | €62k | ▼ 69.3% |
| Operating profit (loss)9901 | €150k | €90k | €169k | €147k | €-4k | ▼ 103% |
| Financial income75/76B | €28 | €2k | €485 | €27 | €0 | ▼ 100% |
| Recurring financial income75 | €28 | €2k | €485 | €27 | €0 | ▼ 100% |
| Financial charges65/66B | €5k | €8k | €5k | €6k | €10k | ▲ 68.7% |
| Recurring financial charges65 | €5k | €8k | €5k | €6k | €10k | ▲ 68.7% |
| Profit (loss) for the period before taxes9903 | €144k | €84k | €164k | €141k | €-14k | ▼ 110% |
| Income taxes67/77 | €47k | €28k | €48k | €42k | €2k | ▼ 94.6% |
| Profit (loss) for the period9904 | €98k | €56k | €116k | €99k | €-17k | ▼ 117% |
| Profit (loss) for the period to be appropriated9905 | €98k | €56k | €116k | €99k | €-17k | ▼ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €764k | €912k | €1.06M | €1.12M | €1.29M | ▲ 14.5% |
| Fixed assets21/28 | €61k | €66k | €147k | €142k | €467k | ▲ 230% |
| Tangible fixed assets22/27 | €55k | €60k | €141k | €135k | €461k | ▲ 241% |
| Land and buildings22 | - | - | - | - | €323k | - |
| Plant, machinery and equipment23 | €36k | €26k | €89k | €100k | €123k | ▲ 22.8% |
| Furniture and vehicles24 | €19k | €33k | €52k | €35k | €15k | ▼ 57.4% |
| Financial fixed assets28 | €7k | €7k | €7k | €7k | €7k | = |
| Current assets29/58 | €703k | €846k | €912k | €982k | €819k | ▼ 16.6% |
| Amounts receivable after more than one year29 | €139k | €139k | €0 | - | - | - |
| Other amounts receivable291 | €139k | €139k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €411k | €536k | €714k | €694k | €630k | ▼ 9.3% |
| Trade receivables40 | €231k | €348k | €376k | €354k | €333k | ▼ 5.9% |
| Other amounts receivable41 | €180k | €188k | €338k | €341k | €297k | ▼ 12.9% |
| Cash at bank and in hand54/58 | €152k | €170k | €198k | €286k | €185k | ▼ 35.3% |
| Deferred charges and accrued income490/1 | - | - | €463 | €2k | €5k | ▲ 182% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €764k | €912k | €1.06M | €1.12M | €1.29M | ▲ 14.5% |
| Equity10/15 | €667k | €723k | €839k | €870k | €854k | ▼ 1.9% |
| Contributions10/11 | €13k | €13k | €15k | €15k | €13k | ▼ 12.5% |
| Reserves13 | €167k | €223k | €337k | €369k | €371k | ▲ 0.5% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €165k | €221k | €337k | €369k | €371k | ▲ 0.5% |
| Profit (loss) carried forward14 | €487k | €487k | €487k | €487k | €470k | ▼ 3.4% |
| Amounts payable17/49 | €97k | €190k | €221k | €253k | €433k | ▲ 71.1% |
| Amounts payable after more than one year17 | €36k | €28k | €57k | €36k | €303k | ▲ 735% |
| Financial debts170/4 | €36k | €28k | €57k | €36k | €303k | ▲ 735% |
| Amounts payable within one year42/48 | €61k | €162k | €163k | €217k | €130k | ▼ 40.0% |
| Current portion of amounts payable after more than one year42 | €25k | €52k | €24k | €21k | €23k | ▲ 7.9% |
| Financial debts43 | - | - | €19k | €25k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €19k | €25k | €0 | ▼ 100% |
| Trade debts44 | €357 | €81k | €65k | €41k | €48k | ▲ 17.2% |
| Suppliers440/4 | €357 | €81k | €65k | €41k | €48k | ▲ 17.2% |
| Taxes, remuneration and social security45 | €36k | €29k | €55k | €65k | €60k | ▼ 8.7% |
| Taxes450/3 | €36k | €22k | €48k | €62k | €53k | ▼ 15.0% |
| Remuneration and social security454/9 | - | €7k | €7k | €4k | €7k | ▲ 100% |
| Other amounts payable47/48 | - | - | - | €64k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98k | €56k | €116k | €99k | €-17k | ▼ 117% |
| + Depreciation and write-downs630 | €28k | €29k | €36k | €48k | €60k | ▲ 23.8% |
| Operating cash flow (approximation) | €126k | €85k | €152k | €148k | €43k | ▼ 70.7% |
| Investment in fixed assets (approximation) | - | €-34k | €-117k | €-43k | €-386k | ▼ 806% |
| Change in cash | - | €18k | €27k | €88k | €-101k | ▼ 214% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
31-12
Financial
Highest result since 2018net €116k ▲107%
Operating result €169k, net result €116k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 144 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Equity above €500kEq €541k ▲14.3%
2 profitable years in a row build equity to €541k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Mechelen · 1 establishment unit since 2010
Ground area
66 m²
Building footprint
109 m²
Volume, LiDAR
592 m³
Parcel 12402H0027/00H003, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SNELNET
since 20102.192.747.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402H0027/00H003 | Flanders | 66 m² | 1 · 109 m² | 9.1 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.
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WEST - POOL
BE 0449.998.935
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J.B. Schoovaerts
BE 0887.410.438
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 3,554 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
Founded01-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41003General construction of other non-residential buildings
43240Other construction installation
47529Retail trade
Scores and ratios are computed by Checked and are not a credit decision.