ACTIVE

Netstart

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Financial year 2025 · closed on 30/09/2025
Net result
-40,1 k €
+20.1% YoY
Gross margin
-826 €
+97.9% YoY
Equity
889,5 k €
-4.3% YoY
Workforce
0,0 ETP

What does Netstart do?

Netstart is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Zandhoven.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0861.057.221
Incorporation
14/10/2003
Legal form
Private limited company
Registered office
Sint Jozefstraat 5
2240 Zandhoven · FlandreSee on map
Contributed capital
9 260,00 €
Latest accounts
30/09/2025
Average workforce
0,0 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities92340Gambling and betting activities93053Sports activities and amusement and recreation activities93299Other amusement and recreation activities+3
Contacts
1 public detail availableLog in to view
Signals
Solid equityLow riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022201820172016201520142013201220112010200920082007
Income statement
Gross margin-826 €-38,6 k €-111,5 k €-224,2 k €50,2 k €49,5 k €89,9 k €30,9 k €70,1 k €42,6 k €15,4 k €23,5 k €20,3 k €9,3 k €17 k €-9,7 k €
EBITDA-3,6 k €-43 k €-131,8 k €-224,7 k €50,1 k €41,5 k €88 k €30,8 k €70 k €42,5 k €15,3 k €21,8 k €18,7 k €8,1 k €15,8 k €-11,1 k €
Operating result-20,6 k €-60,2 k €-139,5 k €-229,8 k €47,4 k €39,6 k €73,8 k €18,4 k €57,9 k €30,8 k €-1,1 k €5,7 k €2,7 k €-1,6 k €14 k €-11,3 k €
Net result-40,1 k €-50,2 k €-100,9 k €958,4 k €25,4 k €23 k €41,5 k €18,7 k €35,9 k €21,7 k €13,4 k €2,1 k €514,4 €-5,7 k €10,4 k €-13,3 k €
Balance sheet
Equity889,5 k €929,6 k €1 M €1,1 M €106,1 k €143,2 k €120,2 k €79,6 k €60,9 k €44,4 k €22,9 k €10,3 k €8,2 k €7,7 k €13,4 k €15,5 k €
Total assets938,4 k €990,4 k €1,1 M €1,2 M €154,5 k €214,4 k €212,9 k €117,1 k €143,4 k €103,5 k €59,7 k €63,6 k €76,9 k €63,8 k €32,7 k €35,2 k €
Cash141,7 k €10,5 k €2 k €203,5 k €95,8 k €184,1 k €129 k €53,8 k €77,4 k €40 k €33 k €22,8 k €21,4 k €10,8 k €26,2 k €19,1 k €
Debts48,9 k €60,8 k €77,6 k €65,3 k €48,3 k €71,2 k €92,7 k €37,4 k €70,9 k €45,4 k €25,2 k €40,8 k €57,7 k €45,9 k €10,3 k €11,3 k €
Other
Workforce0,0 ETP0,0 ETP––––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Raf Verhaegen

Director

Active

Ended mandates

Raf Verhaegen

Director · since 14 octobre 2003

Ended
Raf Verhaegen

Manager · since 30 septembre 2003

Ended
Raf Verhaegen

Administrator - manager

Ended
Raf Verhaegen

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Vastigo● Active
0667.879.048
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/03/202629/04/202529/04/202428/04/202331/03/202230/04/2021
General meeting20/03/202631/03/202531/03/202431/03/202314/03/202231/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202520/03/202627/03/2026DutchPDF
Abridged model30/09/202431/03/202529/04/2025DutchPDF
Micro model30/09/202331/03/202429/04/2024DutchPDF
Abridged model30/09/202231/03/202328/04/2023DutchPDF
Abridged model30/09/202114/03/202231/03/2022DutchPDF
Abridged model30/09/202031/03/202130/04/2021DutchPDF
Micro model30/09/201909/03/202031/03/2020DutchPDF
Micro model30/09/201811/03/201903/04/2019DutchPDF
Micro model30/09/201712/03/201830/04/2018DutchPDF
Abridged model30/09/201613/03/201729/03/2017DutchPDF
Abridged model30/09/201514/03/201608/04/2016DutchPDF
Abridged model30/09/201421/11/201428/01/2015DutchPDF
Abridged model30/09/201310/03/201431/03/2014DutchPDF
Abridged model30/09/201211/03/201329/03/2013DutchPDF
Abridged model30/09/201112/03/201222/03/2012DutchPDF
Abridged model30/09/201014/03/201118/03/2011DutchPDF
Abridged model30/09/200908/03/201010/03/2010DutchPDF
Abridged model30/09/200809/03/200911/03/2009DutchPDF
Abridged model30/09/200710/03/200820/03/2008DutchPDF
Abridged model30/09/200612/03/200727/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 30/09/2025 · 1 active · 4 ended

Active mandates

Raf Verhaegen

Director

Active

Ended mandates

Raf Verhaegen

Director · since 14 octobre 2003

Ended
Raf Verhaegen

Manager · since 30 septembre 2003

Ended
Raf Verhaegen

Administrator - manager

Ended
Raf Verhaegen

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/03/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office04/02/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office26/10/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office12/02/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office04/03/2009
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office14/01/2005
    MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
    PDF
  • Other21/10/2003
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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

Timeline

  1. 2025
    Annual accounts 2025-40,1 k €↑
  2. 2024
    Annual accounts 2024-50,2 k €↑
  3. 2023
    Annual accounts 2023-100,9 k €↓
  4. 2022
    Annual accounts 2022958,4 k €↑
  5. 2018
    Annual accounts 201825,4 k €↑
  6. 2017
    Annual accounts 201723 k €↓
  7. 2016
    Annual accounts 201641,5 k €↑
  8. 2015
    Annual accounts 201518,7 k €↓
  9. 2014
    Annual accounts 201435,9 k €↑
  10. 2013
    Annual accounts 201321,7 k €↑
  11. 2012
    Annual accounts 201213,4 k €↑
  12. 2011
    Annual accounts 20112,1 k €↑
  13. 2010
    Annual accounts 2010514,4 €↑
  14. 2009
    Annual accounts 2009-5,7 k €↓
  15. 2008
    Annual accounts 200810,4 k €↑
  16. 2007
    Annual accounts 2007-13,3 k €
  17. 14/10/2003
    IncorporationPrivate limited company