NORMAL SITUATION

netWORK

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Financial year 2025 · closed on 31/12/2025

Net result

321,9 k €

+10.4% YoY

Gross margin

-9,7 k €

-76.7% YoY

Equity

1,9 M €

+20.7% YoY

Company — Normal situation.

What does netWORK do?

netWORK is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0649.722.628

Legal form

Private limited company

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	-9,7 k €	-76.7%	-5,5 k €	-111%	49,9 k €	+106%	24,3 k €	-69.3%	79,1 k €	-71.4%	276,7 k €	+78.3%	155,2 k €	-5.9%	165 k €	+42.6%	115,8 k €	+22.6%	94,4 k €
EBITDA	-10,8 k €	-65.1%	-6,5 k €	-113%	48,9 k €	+109%	23,4 k €	-69.6%	77 k €	-71.5%	270 k €	+105%	131,4 k €	-5.1%	138,5 k €	+77.1%	78,2 k €	+4.5%	74,8 k €
Operating result	-10,8 k €	-65.1%	-6,5 k €	-113%	48,9 k €	+109%	23,4 k €	-69.6%	77 k €	-71.5%	270 k €	+132%	116,4 k €	-5.7%	123,5 k €	+95.5%	63,2 k €	+5.6%	59,8 k €
Net result	321,9 k €	+10.4%	291,6 k €	-55.5%	655,1 k €	-10.9%	735,4 k €	+233%	220,9 k €	-17.0%	266 k €	+0.6%	264,3 k €	-10.6%	295,8 k €	+424%	56,5 k €	+65.8%	34,1 k €
Balance sheet
Equity	1,9 M €	+20.7%	1,6 M €	0.0%	1,6 M €	+72.7%	901,5 k €	-6.7%	966,1 k €	+29.6%	745,2 k €	+39.1%	535,7 k €	+71.5%	312,3 k €	+464%	55,4 k €	+151%	22,1 k €
Total assets	2 M €	-12.0%	2,3 M €	+21.9%	1,9 M €	-6.1%	2 M €	-8.9%	2,2 M €	-6.1%	2,4 M €	+9.9%	2,2 M €	+13.9%	1,9 M €	+0.5%	1,9 M €	-27.1%	2,6 M €
Cash	2,7 k €	-54.2%	5,9 k €	-66.5%	17,7 k €	-81.8%	97,4 k €	+1162%	7,7 k €	-93.9%	125,5 k €	+1418%	8,3 k €		–		31,2 k €	+168%	11,7 k €
Debts	159,8 k €	-79.0%	760,4 k €	+121%	344,2 k €	-69.3%	1,1 M €	-10.7%	1,3 M €	-22.5%	1,6 M €	+0.2%	1,6 M €	+2.5%	1,6 M €	-13.5%	1,8 M €	-28.7%	2,6 M €
Other
Workforce	–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	-44.4%	0,9 ETP	+125%	0,4 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 19 ended

Active mandates

M-MANAGEMENT

Director · since 06 février 2024 · 0550.488.361

Represented by Jo Mellemans

Active

MAD

Director · since 06 février 2024 · 0677.997.237

Represented by Elly Huysmans

Active

O&S

Managing director · since 01 mars 2022 · until 15 juin 2027 · 0892.345.263

Represented by Liesbeth Vandenrijt

Active

GEERT MOTMANS

Managing director · since 13 janvier 2022 · until 15 juin 2027 · 0772.539.276

Represented by Geert Motmans

Active

Ended mandates

ext'arca

Managing director · since 06 février 2024 · 0679.807.672

Represented by Erik COLEMONTS

Ended

M-MANAGEMENT

Director · since 06 février 2024 · 0550.488.361

Represented by Jo MELLEMANS

Ended

M-MANAGEMENT

Director · since 06 février 2024 · 0550.488.361

Represented by Jo Mellemans

Ended

MAD

Director · since 06 février 2024 · 0677.997.237

Represented by Elly Huysmans

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2026	01/07/2025	09/07/2024	19/06/2023	16/06/2022	01/07/2021
General meeting	28/06/2026	23/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/06/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	09/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	18/06/2018	Dutch	PDF
Abridged model	31/12/2016	12/05/2017	12/07/2017	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 19 ended

Active mandates

M-MANAGEMENT

Director · since 06 février 2024 · 0550.488.361

Represented by Jo Mellemans

Active

MAD

Director · since 06 février 2024 · 0677.997.237

Represented by Elly Huysmans

Active

O&S

Managing director · since 01 mars 2022 · until 15 juin 2027 · 0892.345.263

Represented by Liesbeth Vandenrijt

Active

GEERT MOTMANS

Managing director · since 13 janvier 2022 · until 15 juin 2027 · 0772.539.276

Represented by Geert Motmans

Active

Ended mandates

ext'arca

Managing director · since 06 février 2024 · 0679.807.672

Represented by Erik COLEMONTS

Ended

M-MANAGEMENT

Director · since 06 février 2024 · 0550.488.361

Represented by Jo MELLEMANS

Ended

M-MANAGEMENT

Director · since 06 février 2024 · 0550.488.361

Represented by Jo Mellemans

Ended

MAD

Director · since 06 février 2024 · 0677.997.237

Represented by Elly Huysmans

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring05/03/2026
MET FUSIE GELIJKGESTELDE VERRICHTING (GERUISLOZE FUSIE) - VER. |
PDF
Restructuring14/01/2026
Fusievoorstel
PDF
Mandates05/12/2025
Ontslag bestuurder en gedelegeerd bestuurder
PDF
Mandates01/08/2025
Benoeming commissaris
PDF
Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2023
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025321,9 k €↑
2024
Annual accounts 2024291,6 k €↓
2023
Annual accounts 2023655,1 k €↓
2022
Annual accounts 2022735,4 k €↑
2021
Annual accounts 2021220,9 k €↓
2020
Annual accounts 2020266 k €↑
2019
Annual accounts 2019264,3 k €↓
2018
Annual accounts 2018295,8 k €↑
2017
Annual accounts 201756,5 k €↑
2016
Annual accounts 201634,1 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

netWORK

Overview

What does netWORK do?

Trend over 10 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline