NORMAL SITUATION

Netlease

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Financial year 2023 · closed on 31/12/2023

Net result

1,1 M €

+5237.0% YoY

Gross margin

1,5 M €

+102.0% YoY

Equity

1,2 M €

+845.4% YoY

Workforce

0,0 ETP

-100.0% YoY

Company — Normal situation.

What does Netlease do?

Netlease is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.881.088

Legal form

Private company with limited liability

Contributed capital

7 000,00 €

Latest accounts

31/12/2023

Average workforce

0,0 ETP

Joint committees (1)

20018

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	1,5 M €	+102%	765,1 k €	+4.9%	729,5 k €	+67.4%	435,9 k €	-19.1%	539,1 k €	+32.4%	407,3 k €	-7.4%	439,7 k €	-19.2%	544,4 k €	+33.2%	408,8 k €	+21.6%	336,3 k €	+37.8%	244 k €	+52.3%	160,2 k €	+74.2%	92 k €	+95.2%	47,1 k €
EBITDA	1,5 M €	+3191%	46,4 k €	-74.6%	182,9 k €	+2004%	-9,6 k €	-109%	108 k €	+97.1%	54,8 k €	-46.9%	103,1 k €	-29.3%	145,9 k €	+177%	52,7 k €	-14.3%	61,5 k €	-8.6%	67,3 k €	-5.1%	70,9 k €	-13.1%	81,6 k €	+339%	18,6 k €
Operating result	1,5 M €	+6554%	23 k €	-85.7%	160,6 k €	+602%	-32 k €	-140%	79 k €	+121%	35,7 k €	-65.2%	102,7 k €	+32.3%	77,6 k €	+111%	36,8 k €	-18.2%	45 k €	-11.5%	50,8 k €	+1.9%	49,9 k €	-20.6%	62,9 k €	+12575%	495,9 €
Net result	1,1 M €	+5237%	-21 k €	-124%	86,3 k €	+232%	-65,3 k €	-284%	35,5 k €	+2788%	1,2 k €	-97.1%	42 k €	+158%	16,3 k €	+2693%	583,1 €	-88.3%	5 k €	-50.6%	10,1 k €	-36.2%	15,8 k €	-7.3%	17,1 k €	+696%	-2,9 k €
Balance sheet
Equity	1,2 M €	+845%	127,7 k €	-14.1%	148,7 k €	+138%	62,4 k €	-51.2%	127,7 k €	+38.5%	92,2 k €	+1.3%	91 k €	+54.2%	59 k €	+11.9%	52,7 k €	+1.1%	52,2 k €	+10.6%	47,2 k €	+27.3%	37,1 k €	+74.6%	21,2 k €	+414%	4,1 k €
Total assets	1,9 M €	+138%	785,6 k €	+26.4%	621,3 k €	+30.5%	476,1 k €	-16.2%	567,8 k €	+3.0%	551,3 k €	+18.8%	464,1 k €	-6.0%	494 k €	+12.1%	440,5 k €	+3.3%	426,3 k €	+12.5%	379 k €	+8.5%	349,2 k €	+2.4%	341,1 k €	+1.9%	334,9 k €
Cash	108,2 k €	-23.3%	141 k €	+17.0%	120,5 k €	+82.1%	66,2 k €	-45.3%	120,9 k €	+71.7%	70,4 k €	+5.2%	67 k €	-5.4%	70,8 k €	-21.9%	90,6 k €	-8.1%	98,6 k €	+40.2%	70,3 k €	+38.9%	50,6 k €	+54.1%	32,9 k €	+251%	9,4 k €
Debts	664,9 k €	+1.4%	655,4 k €	+39.4%	470,1 k €	+14.3%	411,2 k €	-6.0%	437,6 k €	-4.1%	456,5 k €	+23.2%	370,6 k €	-14.3%	432,4 k €	+12.4%	384,6 k €	+3.7%	371 k €	+12.9%	328,7 k €	+9.7%	299,7 k €	-5.6%	317,4 k €	-3.3%	328,3 k €
Other
Workforce	0,0 ETP	-100%	10,6 ETP	+7.1%	9,9 ETP	+13.8%	8,7 ETP	+7.4%	8,1 ETP	+37.3%	5,9 ETP	+1.7%	5,8 ETP	-20.5%	7,3 ETP	+4.3%	7,0 ETP	+32.1%	5,3 ETP	+29.3%	4,1 ETP	+116%	1,9 ETP	+533%	0,3 ETP		–

Governance

Board of directors

Seen on filing of 31/12/2023 · 6 active · 9 ended

Active mandates

Frédéric BLOCK

Director

Active

Jean-François HERREMANS

Director

Active

Jean-Michel BLOCK

Director

Active

Ludovic MICHAUX

Director

Active

Thomas VAN EECKHOUT

Director

Active

Toni TURI

Director

Active

Ended mandates

AQUASMILE

Manager · since 01 octobre 2014 · 0808.692.859

Represented by Tom Hoogewijs

Ended

AQUASMILE

Director · since 01 octobre 2014 · until 26 novembre 2019 · 0808.692.859

Represented by Tom Hoogewijs

Ended

AQUASMILE

Manager · since 01 octobre 2014 · 0808.692.859

Represented by Tom Hoogewijs

Ended

Frederik De Clercq

Director · since 01 février 2010

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2024	30/06/2023	05/05/2022	08/07/2021	22/07/2020	17/07/2019
General meeting	27/06/2024	28/06/2023	30/04/2022	26/06/2021	27/06/2020	29/06/2019
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	27/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	28/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/04/2022	05/05/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	22/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	17/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/08/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	19/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	23/07/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	22/08/2011	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 31/12/2023 · 6 active · 9 ended

Active mandates

Frédéric BLOCK

Director

Active

Jean-François HERREMANS

Director

Active

Jean-Michel BLOCK

Director

Active

Ludovic MICHAUX

Director

Active

Thomas VAN EECKHOUT

Director

Active

Toni TURI

Director

Active

Ended mandates

AQUASMILE

Manager · since 01 octobre 2014 · 0808.692.859

Represented by Tom Hoogewijs

Ended

AQUASMILE

Director · since 01 octobre 2014 · until 26 novembre 2019 · 0808.692.859

Represented by Tom Hoogewijs

Ended

AQUASMILE

Manager · since 01 octobre 2014 · 0808.692.859

Represented by Tom Hoogewijs

Ended

Frederik De Clercq

Director · since 01 février 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution11/04/2024
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022-21 k €↓
2021
Annual accounts 202186,3 k €↑
2020
Annual accounts 2020-65,3 k €↓
2019
Annual accounts 201935,5 k €↑
2018
Annual accounts 20181,2 k €↓
2017
Annual accounts 201742 k €↑
2016
Annual accounts 201616,3 k €↑
2015
Annual accounts 2015583,1 €↓
2014
Annual accounts 20145 k €↓
2013
Annual accounts 201310,1 k €↓
2012
Annual accounts 201215,8 k €↓
2011
Annual accounts 201117,1 k €↑
2010
Annual accounts 2010-2,9 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

Netlease

Overview

What does Netlease do?

Trend over 14 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