NetTech
ActiveSummary
NetTech has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.18M and a net result of €611k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 45% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency65▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.6 in 2024; short-term debt: 58.1% and cash: 44% of total assets), and 60.4% 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
39.6%
Return on assets
20.5%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
13 d early
2023
43 d early
2022
5 d early
2021
3 d early
2020
16 d early
2019
8 d early
← 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
€1.18M▲ 8.5%
2024 · €1.09M
2019: €817k
2020: €738k▼ -9.7% vs 2019lowest in 7 years
2021: €864k▲ +17.2% vs 2020
2022: €991k▲ +14.7% vs 2021
2023: €1.21M▲ +21.9% vs 2022highest in 7 years
2024: €1.09M▼ -10.0% vs 2023
2025: €1.18M▲ +8.5% vs 2024
2019 → 2025
Total assets
€2.98M▲ 24.3%
2024 · €2.40M
2019: €1.73Mlowest in 7 years
2020: €1.75M▲ +1.2% vs 2019
2021: €1.99M▲ +14.0% vs 2020
2022: €2.19M▲ +10.1% vs 2021
2023: €2.18M▼ -0.6% vs 2022
2024: €2.40M▲ +10.0% vs 2023
2025: €2.98M▲ +24.3% vs 2024highest in 7 years
2019 → 2025
Net result
€611k▼ 10.1%
2024 · €680k
2019: €26klowest in 7 years
2020: €221k▲ +760% vs 2019
2021: €427k▲ +93.1% vs 2020
2022: €427k● -0.0% vs 2021
2023: €517k▲ +21.2% vs 2022
2024: €680k▲ +31.4% vs 2023highest in 7 years
2025: €611k▼ -10.1% vs 2024
2019 → 2025
Working capital
€756k▼ 3.2%
2024 · €780k
2019: €542k
2020: €489k▼ -9.9% vs 2019lowest in 7 years
2021: €582k▲ +19.0% vs 2020
2022: €726k▲ +24.8% vs 2021
2023: €973k▲ +34.1% vs 2022highest in 7 years
2024: €780k▼ -19.8% vs 2023
2025: €756k▼ -3.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€864k-€991k▲ 14.7%€1.21M▲ 21.9%€1.09M▼ 10.0%€1.18M▲ 8.5%
2021: €864klowest in 5 years
2022: €991k▲ +14.7% vs 2021
2023: €1.21M▲ +21.9% vs 2022highest in 5 years
2024: €1.09M▼ -10.0% vs 2023
2025: €1.18M▲ +8.5% vs 2024
Operating result€575k-€590k▲ 2.5%€722k▲ 22.5%€974k▲ 34.8%€835k▼ 14.3%
2021: €575klowest in 5 years
2022: €590k▲ +2.5% vs 2021
2023: €722k▲ +22.5% vs 2022
2024: €974k▲ +34.8% vs 2023highest in 5 years
2025: €835k▼ -14.3% vs 2024
Net result€427k-€427k=€517k▲ 21.2%€680k▲ 31.4%€611k▼ 10.1%
2021: €427k
2022: €427k● -0.0% vs 2021lowest in 5 years
2023: €517k▲ +21.2% vs 2022
2024: €680k▲ +31.4% vs 2023highest in 5 years
2025: €611k▼ -10.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.98M
Fixed assets
€493k ▲ 60.2%
Current assets
€2.49M ▲ 19.0%
Equity and liabilities €2.98M
Equity
€1.18M ▲ 8.5%
Provisions
€63k
Debt
€1.74M ▲ 32.5%
Debt's share of the balance-sheet total rises from 54.6% to 58.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€940k▼
2024 · €1.07M
Cash flow
€717k▼
2024 · €775k
Current ratio
1.44▼
2024 · 1.60
Quick ratio
1.41▼
2024 · 1.56
Debt to equity
1.47▲
2024 · 1.20
ROE
51.7%▼
2024 · 62.5%
ROA
20.5%▼
2024 · 28.3%
Interest coverage
50.26▲
2024 · 22.29
Debt ≤ 1 year
€1.73M▲
2024 · €1.31M
Income taxes
€209k▼
2024 · €255k
Staff costs
€1.11M▼
2024 · €1.55M
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.40M€2.98M▲
Fixed assets21/28€308k€493k▲
Tangible fixed assets22/27€308k€493k▲
Plant, machinery and equipment23€60k€62k▲
Furniture and vehicles24€107k€161k▲
Other tangible fixed assets26€141k€269k▲
Current assets29/58€2.09M€2.49M▲
Stocks and contracts in progress3€49k€39k▼
Stocks30/36€49k€39k▼
Contracts in progress37€0-
Amounts receivable within one year40/41€1.38M€1.09M▼
Trade receivables40€1.12M€1.09M▼
Other amounts receivable41€263k€66▼
Cash at bank and in hand54/58€630k€1.31M▲
Deferred charges and accrued income490/1€28k€49k▲
Equity and liabilities
Total equity and liabilities10/49€2.40M€2.98M▲
Equity10/15€1.09M€1.18M▲
Contributions10/11€25k€25k=
Reserves13€1.06M€1.16M▲
Distributable reserves133€1.06M€1.16M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16-€63k
Provisions for liabilities and charges160/5-€63k
Other liabilities and charges164/5-€63k
Amounts payable17/49€1.31M€1.74M▲
Amounts payable within one year42/48€1.31M€1.73M▲
Financial debts43€0€50k▲
Credit institutions430/8€0€50k▲
Trade debts44€322k€332k▲
Suppliers440/4€322k€332k▲
Taxes, remuneration and social security45€188k€318k▲
Taxes450/3€94k€230k▲
Remuneration and social security454/9€94k€88k▼
Other amounts payable47/48€800k€1.03M▲
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€1.55M€1.11M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€106k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€63k
Other operating charges640/8€14k€8k▼
Non-recurring operating charges66A€4k€11k▲
Gross operating margin9900€2.63M€2.13M▼
Operating profit (loss)9901€974k€835k▼
Financial income75/76B€9k€4k▼
Recurring financial income75€9k€4k▼
Financial charges65/66B€48k€19k▼
Recurring financial charges65€48k€19k▼
Profit (loss) for the period before taxes9903€935k€820k▼
Income taxes67/77€255k€209k▼
Profit (loss) for the period9904€680k€611k▼
Profit (loss) for the period to be appropriated9905€680k€611k▼
Appropriation of the result
Profit (loss) to be appropriated9906€680k€611k▼
Transfer from equity791/2€120k€0▼
Transfer to equity691/2€0€93k▲
To other reserves6921€0€93k▲
Profit to be distributed694/7€800k€518k▼
Return on contributions (dividend)694€800k€500k▼
Employees696-€18k
Social balance
Average headcount (FTE)908713.714.0▲
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €834k | €950k | €1.55M | €1.11M | ▼ 28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €66k | €67k | €95k | €106k | ▲ 11.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €63k | - |
| Other operating charges640/8 | - | €8k | €9k | €14k | €8k | ▼ 41.7% |
| Non-recurring operating charges66A | - | - | €259 | €4k | €11k | ▲ 181% |
| Gross operating margin9900 | €1.45M | €1.50M | €1.75M | €2.63M | €2.13M | ▼ 19.1% |
| Operating profit (loss)9901 | €575k | €590k | €722k | €974k | €835k | ▼ 14.3% |
| Financial income75/76B | - | €13k | €7k | €9k | €4k | ▼ 55.3% |
| Recurring financial income75 | €17k | €13k | €7k | €9k | €4k | ▼ 55.3% |
| Financial charges65/66B | - | €15k | €20k | €48k | €19k | ▼ 61.0% |
| Recurring financial charges65 | €12k | €15k | €20k | €48k | €19k | ▼ 61.0% |
| Profit (loss) for the period before taxes9903 | €580k | €588k | €709k | €935k | €820k | ▼ 12.3% |
| Income taxes67/77 | €153k | €161k | €192k | €255k | €209k | ▼ 18.1% |
| Profit (loss) for the period9904 | €427k | €427k | €517k | €680k | €611k | ▼ 10.1% |
| Transfer from tax-exempt reserves789 | - | €19k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €427k | €446k | €517k | €680k | €611k | ▼ 10.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.99M | €2.19M | €2.18M | €2.40M | €2.98M | ▲ 24.3% |
| Fixed assets21/28 | €285k | €268k | €240k | €308k | €493k | ▲ 60.2% |
| Tangible fixed assets22/27 | €285k | €268k | €240k | €308k | €493k | ▲ 60.2% |
| Plant, machinery and equipment23 | - | €48k | €47k | €60k | €62k | ▲ 4.0% |
| Furniture and vehicles24 | - | €42k | €38k | €107k | €161k | ▲ 50.3% |
| Other tangible fixed assets26 | - | €178k | €155k | €141k | €269k | ▲ 91.7% |
| Current assets29/58 | €1.71M | €1.92M | €1.94M | €2.09M | €2.49M | ▲ 19.0% |
| Stocks and contracts in progress3 | €57k | €116k | €90k | €49k | €39k | ▼ 20.3% |
| Stocks30/36 | - | €49k | €49k | €49k | €39k | ▼ 20.3% |
| Contracts in progress37 | - | €67k | €41k | €0 | - | - |
| Amounts receivable within one year40/41 | €1.15M | €1.45M | €876k | €1.38M | €1.09M | ▼ 21.3% |
| Trade receivables40 | - | €1.17M | €790k | €1.12M | €1.09M | ▼ 2.9% |
| Other amounts receivable41 | - | €286k | €86k | €263k | €66 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €300k | €307k | €933k | €630k | €1.31M | ▲ 108% |
| Deferred charges and accrued income490/1 | - | €50k | €40k | €28k | €49k | ▲ 76.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.99M | €2.19M | €2.18M | €2.40M | €2.98M | ▲ 24.3% |
| Equity10/15 | €864k | €991k | €1.21M | €1.09M | €1.18M | ▲ 8.5% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €840k | €967k | €1.18M | €1.06M | €1.16M | ▲ 8.7% |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €967k | €1.18M | €1.06M | €1.16M | ▲ 8.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | €63k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €63k | - |
| Other liabilities and charges164/5 | - | - | - | - | €63k | - |
| Amounts payable17/49 | €1.13M | €1.20M | €970k | €1.31M | €1.74M | ▲ 32.5% |
| Amounts payable within one year42/48 | €1.12M | €1.20M | €966k | €1.31M | €1.73M | ▲ 32.2% |
| Financial debts43 | - | €363k | €339k | €0 | €50k | - |
| Credit institutions430/8 | - | €363k | €339k | €0 | €50k | - |
| Trade debts44 | €285k | €352k | €182k | €322k | €332k | ▲ 3.2% |
| Suppliers440/4 | - | €352k | €182k | €322k | €332k | ▲ 3.2% |
| Taxes, remuneration and social security45 | - | €183k | €145k | €188k | €318k | ▲ 69.2% |
| Taxes450/3 | - | €64k | €71k | €94k | €230k | ▲ 146% |
| Remuneration and social security454/9 | - | €119k | €74k | €94k | €88k | ▼ 7.1% |
| Other amounts payable47/48 | - | €300k | €300k | €800k | €1.03M | ▲ 28.8% |
| Accrued charges and deferred income492/3 | - | €2k | €5k | €0 | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €427k | €427k | €517k | €680k | €611k | ▼ 10.1% |
| + Depreciation and write-downs630 | €60k | €66k | €67k | €95k | €106k | ▲ 11.1% |
| Operating cash flow (approximation) | €487k | €493k | €584k | €775k | €717k | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | €-48k | €-39k | €-163k | €-291k | ▼ 78.3% |
| Change in cash | - | €7k | €625k | €-303k | €680k | ▲ 325% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €680k ▲31.4%
Operating result €974k, net result €680k, both a record.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €1MEq €1.21M ▲21.9%
5 profitable years in a row build equity to €1.21M.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Zele · 1 establishment unit since 1991
Ground area
7,312 m²
Building footprint
3,425 m²
Parcel 42028B0770/00M000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Lindestraat 19B, 9240 Zele
since 19912.019.853.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0770/00M000 | Flanders | 7,312 m² | 1 · 3,425 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 17,918 EUR awarded · 18,191 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,461 EUR | 4,039 EUR |
| 2024 | 2 | 4,058 EUR | 4,222 EUR |
| 2023 | 1 | 2,600 EUR | 3,131 EUR |
| 2022 | 1 | 6,799 EUR | 6,799 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
1 categoryNetTech BV18389
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,633. 637 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
Founded30-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
47540Retail sale of electrical household appliances
61100Wired, wireless and satellite telecommunications
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.