NETWALK
ActiveSummary
NETWALK has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €13k. Equity is shrinking by ~34.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+71
Solvency31▲+5
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.87 in 2024; short-term debt: 93.8% and cash: 59.1% of total assets), and 93.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
6.2%
Return on assets
5.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1424 sector peers (2025).
NBB · sector comparisonPosition among 1424 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €16k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
8 d early
2023
56 d early
2022
5 d early
2021
6 d early
2020
on the day
2019
1 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, full schema
Turnover
€109k▲ 12.9%
2024 · €97k
2018: €31k
2019: €35k
2020: €43k
2021: €54k
2022: €69k
2023: €99k
2024: €97k
2018 → 2025
EBIT margin
11.5%▲ 21.8pp
2024 · -10.3%
2018: 5.2%
2019: -3.3%
2020: -21.9%
2021: -37.7%
2022: -10.0%
2023: 14.3%
2024: -10.3%
2018 → 2025
Net result
€13k
2024 · €-10k
2018: €2k
2019: €-652
2020: €-9k
2021: €-20k
2022: €-7k
2023: €14k
2024: €-10k
2018 → 2025
Working capital
€-23k▲ 23.1%
2024 · €-30k
2018: €36k
2019: €35k
2020: €26k
2021: €6k
2022: €-20k
2023: €-10k
2024: €-30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€54k-€69k▲ 28.1%€99k▲ 43.8%€97k▼ 2.5%€109k▲ 12.9%
Equity€6k-€-1k€13k€3k▼ 79.1%€16k▲ 496%
Operating result€-20k-€-7k▲ 66.2%€14k€-10k€13k
Net result€-20k-€-7k▲ 65.3%€14k€-10k€13k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254k
Fixed assets
€39k ▲ 19.1%
Current assets
€216k ▲ 4.3%
Equity and liabilities €254k
Equity
€16k ▲ 496%
Debt
€239k ▲ 0.8%
Debt's share of the balance-sheet total falls from 98.9% to 93.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▲
2024 · €-3k
Cash flow
€23k▲
2024 · €-3k
Current ratio
0.90▲
2024 · 0.87
Debt to equity
15.16▼
2024 · 89.67
ROE
83.2%▲
2024 · -379.2%
ROA
5.1%▲
2024 · -4.2%
Interest coverage
346.41▲
2024 · -41.63
Debt ≤ 1 year
€239k▲
2024 · €237k
Staff costs
€400▲
2024 · €387
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€239k€254k▲
Fixed assets21/28€32k€39k▲
Tangible fixed assets22/27€32k€38k▲
Plant, machinery and equipment23€29k€20k▼
Furniture and vehicles24€3k€3k▼
Other tangible fixed assets26-€15k
Financial fixed assets28€400€400=
Current assets29/58€207k€216k▲
Amounts receivable within one year40/41€92k€65k▼
Trade receivables40€16k€7k▼
Other amounts receivable41€76k€59k▼
Cash at bank and in hand54/58€115k€150k▲
Equity and liabilities
Total equity and liabilities10/49€239k€254k▲
Equity10/15€3k€16k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-18k€-5k▲
Amounts payable17/49€237k€239k▲
Amounts payable within one year42/48€237k€239k▲
Trade debts44€64k€1k▼
Suppliers440/4€64k€1k▼
Taxes, remuneration and social security45€8k-
Taxes450/3€8k-
Other amounts payable47/48€164k€238k▲
Income statement
Code20242025
Turnover70€97k€109k▲
Goods, raw materials, services and sundry goods60/61€92k€83k▼
Remuneration, social security and pensions62€387€400▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k-
Other operating charges640/8€3k€2k▼
Gross operating margin9900€4k€26k▲
Operating profit (loss)9901€-10k€13k▲
Financial income75/76B-€613
Recurring financial income75-€613
Financial charges65/66B€67€66▼
Recurring financial charges65€67€66▼
Profit (loss) for the period before taxes9903€-10k€13k▲
Profit (loss) for the period9904€-10k€13k▲
Profit (loss) for the period to be appropriated9905€-10k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-5k▲
Profit (loss) brought forward from the previous period14P€-8k€-18k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after 4 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-07
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 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, Wommelgem · 1 establishment unit since 2012
Ground area
1,744 m²
Building footprint
186 m²
Volume, LiDAR
1,039 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Netwalk
since 20122.212.986.209
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052B0330/00L003 | Flanders | 964 m² | 1 · 16 m² | 2.9 m · 1 fl. |
| 11052B0330/00P003 | Flanders | 780 m² | 1 · 170 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,347 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.