Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NTX from Geel, company number BE0862443331, closed financial year 2025 with a result of € -4 million after tax. For that financial year NTX recorded revenue of € 32.8 million and equity of € 4.2 million. Compared with financial year 2024, the result moved from € -2.4 million to € -4 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 4.2 million
▼ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4 million
▼ 65 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.4 million
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.2 million.
People and assets in 2025
112.9
▲ 21 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.8 million
▲ 9% vs 2024
€ 77,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 353,740
▼ 35% vs 2024
Of which on lease € 35,342.
Debts at end 2025
€ 17.1 million
▲ 8% vs 2024
€ 264,991 is repaid this year. At this pace the long-term loan is gone in ≈ 59 years.
€ 3.8 million
▲ 207% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 64 days on average.
€ 1.9 million
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 30,920,559 | € 32,769,775 | ▲ 6% |
| Gross margin | € 3,104,160 | € 7,142,320 | - | - | |
| Profit after taxes | € 445,821 | € 7,095,500 | € -2,427,688 | € -4,017,446 | ▼ € 1.6 million |
| Equity | € 3,598,789 | € 10,694,289 | € 8,266,601 | € 4,249,155 | ▼ 49% |
| Total debts | € 10,263,150 | € 32,282,385 | € 36,474,741 | € 41,154,176 | ▲ 13% |
| Cash | € 86,740 | € 203,175 | € 3,805,782 | € 1,356,878 | ▼ 64% |
| Land & buildings | - | - | € 16,518 | € 9,988 | ▼ 40% |
| Retained profit | € 3,580,189 | € 10,675,689 | € 8,248,001 | € 4,230,555 | ▼ 49% |
| Bank debt | € 5,960,898 | € 14,641,408 | € 15,915,877 | € 17,116,164 | ▲ 8% |
| Balance sheet total | € 13,861,939 | € 42,976,674 | € 44,741,342 | € 45,403,331 | ▲ 1% |
| Employees (FTE) | 32.6 | 50.8 | 91.9 | 112.9 | ▲ 21 |
Key figures of NTX, fiscal years 2022 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 NTX?
What happened at NTX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4 million. Source: NBB ↗
- NTX Holding BV became a director. NBB
- SMANCO BV became a director. NBB
- New establishment in Wuustwezel. KBO
- New establishment in Geel. KBO
- New establishment in Kontich. KBO
- ULTIMA BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 445,821 profit in 2022 to € 4 million loss in 2025.
Paid € 711,372 in corporate taxes since 2022.
Best year ever: 2023, with € 7.1 million profit.
On average € 140,600 of value added per employee in 2023.
Management
The stake of MSPCo, NTX Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NTXBehind NTX are NTX Holding BV, ULTIMA BV and SMANCO BV. The shares are held by MSPCo (100%) and NTX Holding (100%). It owns 100% of COVR, 100% of CHERRIIS, 100% of Datacore and 100% of Integri itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Maarten Bovée
since 2026
Managing director · represented by Wim Jacobs
Also active at: INFODEA, Netropolix, COVR, DATACORE, CAVERE, Integri, OMNITO, MSPCo +2 more
since 2020
Director · represented by Tim Sleebus
Also active at: M.T.F. METAALINDUSTRIE, INFODEA, COVR, DATACORE, CAVERE, COVR Invest, Integri, MSPCo +2 more
since 2024
Shareholders
100%
100%
Establishments
Establishment units
Physical locations of this company
Kleinhoefstraat 11 box 1
2440 Geel
Burchtstraat 190
9150 Beveren-Kruibeke-Zwijndrecht
Active since 22 December 2003
Groeningenlei 74
2550 Kontich
Active since 14 October 2021
Kleinhoefstraat 11
2440 Geel
Active since 1 January 2023
Brekelen 4 box 14
2990 Wuustwezel
Active since 1 May 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →COVR same network
€ 882,378 gross margin · 2025
DRIGIMA
€ 1.5 million gross margin · 2025
TORMANS BV
€ 36.2 million revenue · 2025
DATACORE same network
€ 1.7 million gross margin · 2025
COVR Invest same network
€ 297,502 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0862.443.331
- VAT number
- BE 0862.443.331
- Registered office
- Kleinhoefstraat 11 bus 1, 2440 Geel
- Names & denominations
- NTX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2003
- Peppol
- Active · Active since 12 Oct 2026
- Activities · NACE
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