NETLEASE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-07-2024, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
16 d early
2022
31 d early
2021
87 d early
2020
23 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€1.21M▲ 845%
2022 · €128k
2018: €92k
2019: €128k
2020: €62k
2021: €149k
2022: €128k
2018 → 2023
Total assets
€1.87M▲ 138%
2022 · €786k
2018: €551k
2019: €568k
2020: €476k
2021: €621k
2022: €786k
2018 → 2023
Net result
€1.08M
2022 · €-21k
2018: €1k
2019: €35k
2020: €-65k
2021: €86k
2022: €-21k
2018 → 2023
Working capital
€1.21M▲ 1,759,993%
2022 · €69
2018: €30k
2019: €34k
2020: €-28k
2021: €29k
2022: €69
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€128k-€62k▼ 51.2%€149k▲ 138%€128k▼ 14.1%€1.21M▲ 845%
Operating result€79k-€-32k€161k€23k▼ 85.7%€1.53M▲ 6,554%
Net result€35k-€-65k€86k€-21k€1.08M
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 6,554% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €1.87M
Equity
€1.21M ▲ 845%
Debt
€665k ▲ 1.1%
Debt's share of the balance-sheet total falls from 83.7% to 35.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.53M▲
2022 · €46k
Cash flow
€1.08M▲
2022 · €2k
Current ratio
2.82▲
2022 · 1.00
Debt to equity
0.55▼
2022 · 5.15
ROE
89.4%▲
2022 · -16.5%
ROA
57.7%▲
2022 · -2.7%
Interest coverage
105.21▲
2022 · 1.71
Debt ≤ 1 year
€665k▲
2022 · €558k
Debt > 1 year
€0▼
2022 · €97k
Income taxes
€461k▲
2022 · €18k
Staff costs
€8k▼
2022 · €701k
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 · 2023 against 2022 · 58 lines
Balance sheet
Code20222023
Assets
Total assets20/58€786k€1.87M▲
Fixed assets21/28€227k€0▼
Tangible fixed assets22/27€226k€0▼
Land and buildings22€216k€0▼
Plant, machinery and equipment23€3k€0▼
Furniture and vehicles24€8k€0▼
Financial fixed assets28€1k€0▼
Current assets29/58€558k€1.87M▲
Amounts receivable within one year40/41€411k€1.76M▲
Trade receivables40€405k€237k▼
Other amounts receivable41€6k€1.53M▲
Cash at bank and in hand54/58€141k€108k▼
Deferred charges and accrued income490/1€7k€0▼
Equity and liabilities
Total equity and liabilities10/49€786k€1.87M▲
Equity10/15€128k€1.21M▲
Contributions10/11€7k€7k=
Reserves13€121k€121k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€72k€72k=
Distributable reserves133€47k€47k=
Profit (loss) carried forward14-€1.08M
Amounts payable17/49€658k€665k▲
Amounts payable after more than one year17€97k€0▼
Financial debts170/4€97k€0▼
Amounts payable within one year42/48€558k€665k▲
Current portion of amounts payable after more than one year42€29k€0▼
Financial debts43€25k€0▼
Credit institutions430/8€25k€0▼
Trade debts44€283k€126k▼
Suppliers440/4€283k€126k▼
Taxes, remuneration and social security45€134k€509k▲
Taxes450/3€64k€509k▲
Remuneration and social security454/9€70k€0▼
Other amounts payable47/48€88k€29k▼
Accrued charges and deferred income492/3€3k€87▼
Income statement
Code20222023
Non-recurring operating income76A€132€0▼
Remuneration, social security and pensions62€701k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€0▼
Other operating charges640/8€4k€7k▲
Non-recurring operating charges66A€13k€1k▼
Gross operating margin9900€765k€1.55M▲
Operating profit (loss)9901€23k€1.53M▲
Financial income75/76B€1k€27k▲
Recurring financial income75€1k€7k▲
Non-recurring financial income76B-€20k
Financial charges65/66B€27k€15k▼
Recurring financial charges65€27k€15k▼
Profit (loss) for the period before taxes9903€-3k€1.54M▲
Income taxes67/77€18k€461k▲
Profit (loss) for the period9904€-21k€1.08M▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€-21k€1.08M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€1.08M▲
Transfer from equity791/2€21k-
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)908710.60.0▼
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
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €1.08M
Net result €1.08M after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.82
Current ratio from 1.00 to 2.82.
31-12
Financial
Equity above €1MEq €1.21M ▲845%
Equity rises from €128k to €1.21M.
27-11
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €86k
Net result €86k after one loss-making year.
31-12
Financial
Equity above €100kEq €149k ▲138%
Equity rises from €62k to €149k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-65k ▼284%
Net result drops to €-65k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Equity above €100kEq €128k ▲38.5%
2 profitable years in a row build equity to €128k.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:Easi SA