Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NETCO INVEST from Merelbeke-Melle, company number BE0690991178, closed financial year 2025 with a result of € 3.2 million after tax. For that financial year NETCO INVEST recorded revenue of € 2.5 million and equity of € 46.1 million. Compared with financial year 2024, the result moved from € -1.6 million to € 3.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 7, 2026.
€ 46.1 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.2 million
▲ still € 1.6 million loss in 2024
Profit after tax over the fiscal year.
€ 228,984
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 11.5 million.
Debts at end 2025
€ 6.6 million
▼ 77% vs 2024
€ 550,310 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 573,470
▲ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 196 days on average.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 2,500,000 | € 2,500,000 | € 2,500,000 | |
| Profit after taxes | € 1,110,537 | € -1,569,173 | € 3,195,913 | ▲ € 4.8 million |
| Equity | € 44,449,065 | € 42,879,892 | € 46,075,805 | ▲ 7% |
| Total debts | € 29,411,740 | € 32,974,068 | € 31,899,208 | ▼ 3% |
| Cash | € 1,029,351 | € 1,435,198 | € 228,984 | ▼ 84% |
| Retained profit | € 9,909,065 | € 8,339,892 | € 11,535,805 | ▲ 38% |
| Bank debt | € 26,816,086 | € 28,475,189 | € 6,630,774 | ▼ 77% |
| Balance sheet total | € 73,860,806 | € 75,853,960 | € 78,854,263 | ▲ 4% |
Key figures of NETCO INVEST, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to NETCO INVEST?
What happened at NETCO INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DGS M&C BV stepped down as director. NBB
- Thomas Triplett stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.2 million. filed late Source: NBB ↗
- Arkeus Beheer CommV stepped down as director. NBB
- Anthony Van Rapard stepped down as director. NBB
- ADC Consult CommV stepped down as director. NBB
- Wayne Williams stepped down as director. NBB
- DGS M&C BV became a director. NBB
In short
From € 1.1 million profit in 2023 to € 3.2 million profit in 2025.
Paid € 202,000 in corporate taxes since 2023.
Best year ever: 2025, with € 3.2 million profit.
Pays suppliers within 196 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DOVESCO INVESTERINGSVEHIKEL II, DGS M&C comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NETCO INVESTThe shares are held by DOVESCO INVESTERINGSVEHIKEL II (30%) and DGS M&C (0.2%). It owns 100% of Lansweeper NV itself.
Directors
According to the 2025 annual accounts
Director · represented by Filip Touquet
Also active at: DONARCO, Qhold International, NTX Holding
since 2023 · until 2026
Anthony Van Rapard
Director
since 2023 · until 2026
Director · represented by Anthony De Clerck
Also active at: Transroute, DOMO CHEMICALS HOLDING, Flying Alliance, DONARCO, VHC INVESTCO, DOMO INVESTMENT GROUP, NTX Holding, ALINSO GROUP
since 2023 · until 2026
Wayne Williams
Director
since 2023 · until 2026
since 2025 · until 2030
Thomas Triplett
Director
since 2021 · until 2027
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Fraterstraat 212
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0690.991.178
- VAT number
- BE 0690.991.178
- Registered office
- Fraterstraat 212, 9820 Merelbeke-Melle
- Names & denominations
- NETCO INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2018
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Overige kredietverstrekking n.e.g.
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Adviesbureaus op het gebied van public relations en communicatie