ACTIVE

NTX

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-4 M €

-65.5% YoY

Revenue

32,8 M €

+6.0% YoY

Equity

4,2 M €

-48.6% YoY

Workforce

112,9 ETP

+22.9% YoY

What does NTX do?

NTX is a Private limited company incorporated in 2003. Its main activity is: Computer consultancy activities. Its registered office is in Geel. It employs on average 112,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.443.331

Incorporation

30/12/2003

Legal form

Private limited company

Registered office

Kleinhoefstraat 11 box 1
2440 Geel · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

112,9 ETP

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering

Joint committees (2)

Signals

Positive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	32,8 M €	+6.0%	30,9 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	2,3 M €	-21.5%	2,9 M €	+22.4%	2,4 M €	+147%	955,4 k €	-24.7%	1,3 M €	+17.9%	1,1 M €	+14.1%	943,6 k €	+90.2%	496,2 k €	+52.5%	325,4 k €	+11.6%	291,7 k €	+7.5%	271,3 k €	+47.5%	183,9 k €	-19.7%	229,1 k €	-9.2%	252,3 k €	+9.0%	231,4 k €	+66.8%	138,7 k €	-35.2%	213,9 k €	+71.5%	124,8 k €	-0.7%	125,7 k €
Operating result	-1,6 M €	-69.6%	-936,5 k €	-173%	1,3 M €	+58.6%	813 k €	-28.1%	1,1 M €	+18.0%	959 k €	+31.6%	728,8 k €	+68.4%	432,9 k €	+60.2%	270,2 k €	+20.3%	224,6 k €	+13.9%	197,2 k €	+76.1%	112 k €	-31.1%	162,6 k €	-15.0%	191,3 k €	+2.6%	186,5 k €	+83.5%	101,7 k €	-44.4%	182,9 k €	+76.4%	103,7 k €	-15.5%	122,7 k €
Net result	-4 M €	-65.5%	-2,4 M €	-134%	7,1 M €	+1492%	445,8 k €	-72.3%	1,6 M €	+158%	622,5 k €	+61.2%	386,2 k €	+25.1%	308,8 k €	+150%	123,4 k €	+34.3%	91,9 k €	+30.4%	70,5 k €	+113%	33 k €	-56.2%	75,5 k €	-5.4%	79,8 k €	-13.2%	91,9 k €	+100%	45,9 k €	-51.8%	95,2 k €	+62.2%	58,7 k €	-34.5%	89,6 k €
Balance sheet
Equity	4,2 M €	-48.6%	8,3 M €	-22.7%	10,7 M €	+197%	3,6 M €	+14.1%	3,2 M €	+99.8%	1,6 M €	+65.1%	955,8 k €	+52.5%	626,7 k €	+15.4%	543 k €	+29.4%	419,6 k €	+28.0%	327,7 k €	+2.9%	318,6 k €	-9.8%	353,2 k €	+27.2%	277,7 k €	+17.6%	236,1 k €	+22.0%	193,6 k €	+18.8%	163 k €	+25.8%	129,6 k €	+82.8%	70,9 k €
Total assets	45,4 M €	+1.5%	44,7 M €	+4.1%	43 M €	+210%	13,9 M €	+15.5%	12 M €	+206%	3,9 M €	+13.8%	3,4 M €	+94.3%	1,8 M €	+13.2%	1,6 M €	+3.1%	1,5 M €	+1.4%	1,5 M €	+3.4%	1,4 M €	+0.5%	1,4 M €	+7.2%	1,3 M €	+38.9%	968,6 k €	+23.0%	787,2 k €	+50.2%	523,9 k €	+9.4%	479 k €	+138%	201,4 k €
Cash	1,4 M €	-64.3%	3,8 M €	+1773%	203,2 k €	+134%	86,7 k €	+120%	39,5 k €	-93.6%	615,1 k €	+125%	273,5 k €	-20.6%	344,6 k €	+37.6%	250,5 k €	+148%	101 k €	-12.2%	115 k €	+3311%	3,4 k €	-94.1%	57,2 k €	+65.3%	34,6 k €	+6.5%	32,5 k €	-43.1%	57,2 k €	+24.5%	45,9 k €	-41.7%	78,8 k €	+110%	37,6 k €
Debts	38,9 M €	+11.7%	34,8 M €	+9.7%	31,7 M €	+212%	10,2 M €	+15.9%	8,8 M €	+274%	2,3 M €	-5.9%	2,5 M €	+132%	1,1 M €	+4.7%	1 M €	-6.9%	1,1 M €	-6.1%	1,2 M €	+3.6%	1,1 M €	+3.9%	1,1 M €	+2.3%	1,1 M €	+45.2%	732,4 k €	+23.4%	593,6 k €	+64.5%	361 k €	+3.3%	349,4 k €	+193%	119,2 k €
Other
Workforce	112,9 ETP	+22.9%	91,9 ETP	+80.9%	50,8 ETP	+55.8%	32,6 ETP	+27.3%	25,6 ETP	+34.7%	19,0 ETP	+18.0%	16,1 ETP	+18.4%	13,6 ETP	+15.3%	11,8 ETP	+9.3%	10,8 ETP	-1.8%	11,0 ETP	-3.5%	11,4 ETP	+96.6%	5,8 ETP	+11.5%	5,2 ETP	+20.9%	4,3 ETP	+7.5%	4,0 ETP	+11.1%	3,6 ETP	+80.0%	2,0 ETP	+400%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 12 ended

Active mandates

NTX Holding

Managing director · since 20 février 2026 · 0797.736.710

Represented by Maarten Bovée

Active

SMANCO

Director · since 30 juin 2024 · 0894.369.395

Represented by Tim SLEEBUS

Active

ULTIMA

Managing director · since 20 novembre 2020 · 0758.602.158

Represented by Wim JACOBS

Active

Ended mandates

MSPCo

Associate · since 01 juillet 2023 · until 30 juin 2024 · 0758.413.603

Represented by Tim Sleebus

Ended

Arkeus Beheer

Director · since 24 février 2023 · until 02 mars 2023 · 0552.931.474

Represented by Philippe Touquet

Ended

DMJ Services

Director · since 24 février 2023 · until 02 mars 2023 · 0743.885.773

Represented by Jeroen De Meyst

Ended

Hyperbool

Managing director · since 24 février 2023 · 0841.036.718

Represented by Koen VANLOMMEL

Ended

At this address

Other companies at this address

Company	CBE no.
COVR● Active	0466.505.761
COVR Invest● Active	0676.383.077
DATACORE● Active	0476.594.355
DRIGIMA● Active	0466.793.593
Hyperonym● Active	1016.684.813
Hyperspeed● Active	0739.784.950
Immo Smartpresentations● Active	1020.773.956
Park Link● Active	1018.823.365
SMARTPRESENTATIONS● Active	0867.527.913
TORMANS BV● Active	0473.051.578
TORMANS MANAGEMENT ENGINEERS● Active	0842.194.481
Vereniging van mede-eigenaars SQUARE ONE● Active	0720.548.266

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	18 months	12 months
Filing date	09/06/2026	01/07/2025	26/06/2024	15/06/2023	19/07/2022	30/08/2021
General meeting	02/06/2026	27/06/2025	06/06/2024	06/06/2023	30/06/2022	30/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/06/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	19/07/2022	Dutch	PDF
Abridged modelCorrection	30/06/2020	30/04/2021	30/08/2021	Dutch	PDF
Abridged model	30/06/2020	26/11/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	28/11/2019	15/01/2020	Dutch	PDF
Abridged model	31/12/2017	07/06/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	03/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	26/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 3 active · 12 ended

Active mandates

NTX Holding

Managing director · since 20 février 2026 · 0797.736.710

Represented by Maarten Bovée

Active

SMANCO

Director · since 30 juin 2024 · 0894.369.395

Represented by Tim SLEEBUS

Active

ULTIMA

Managing director · since 20 novembre 2020 · 0758.602.158

Represented by Wim JACOBS

Active

Ended mandates

MSPCo

Associate · since 01 juillet 2023 · until 30 juin 2024 · 0758.413.603

Represented by Tim Sleebus

Ended

Arkeus Beheer

Director · since 24 février 2023 · until 02 mars 2023 · 0552.931.474

Represented by Philippe Touquet

Ended

DMJ Services

Director · since 24 février 2023 · until 02 mars 2023 · 0743.885.773

Represented by Jeroen De Meyst

Ended

Hyperbool

Managing director · since 24 février 2023 · 0841.036.718

Represented by Koen VANLOMMEL

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares17/09/2026
KAPITAAL, AANDELEN
PDF
Mandates26/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/05/2025
KAPITAAL - AANDELEN
PDF
Restructuring19/03/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/06/2024
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Restructuring29/05/2024
KAPITAAL - AANDELEN - 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

2025
Annual accounts 2025-4 M €↓
2024
Annual accounts 2024-2,4 M €↓
2023
Annual accounts 20237,1 M €↑
2023
Name changeNTX
2022
Annual accounts 2022445,8 k €↓
2021
Annual accounts 20211,6 M €↑
2021
Name changeNetflow Software
2020
Annual accounts 2020622,5 k €↑
2019
Annual accounts 2019386,2 k €↑
2017
Annual accounts 2017308,8 k €↑
2016
Annual accounts 2016123,4 k €↑
2015
Annual accounts 201591,9 k €↑
2014
Annual accounts 201470,5 k €↑
2013
Annual accounts 201333 k €↓
2012
Annual accounts 201275,5 k €↓
2011
Annual accounts 201179,8 k €↓
2010
Annual accounts 201091,9 k €↑
2009
Annual accounts 200945,9 k €↓
2008
Annual accounts 200895,2 k €↑
2007
Annual accounts 200758,7 k €↓
2006
Annual accounts 200689,6 k €
30/12/2003
IncorporationPrivate limited company

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

NTX

Overview

What does NTX do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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