Financials
Financial year 2024
NETIKA IT SERVICES from Etterbeek, company number BE0870454937, closed financial year 2024 with a result of € 356,686 after tax. For that financial year NETIKA IT SERVICES recorded a gross margin of € 2 million and equity of € 301,414. Compared with financial year 2023, the result moved from € 334,461 to € 356,686. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2025.
€ 301,414
▲ 40% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 356,686
▲ 7% vs 2023
Profit after tax over the fiscal year.
€ 406,361
▲ 43% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
56 % of the profit went to the shareholders, mostly to ITIZEN (100 % of the shares). That is where the money ends up.
People and assets in 2024
137,357
▲ 137,335 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
€ 0 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.
€ 27,974
▼ 87% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 97,149
▼ 77% vs 2023
€ 20,698 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 148,632
▼ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 227,592
▲ 20% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,616,769 | € 1,794,364 | € 1,977,395 | € 1,976,857 | |
| Profit after taxes | € 300,203 | € 279,342 | € 334,461 | € 356,686 | ▲ 7% |
| Equity | € 143,848 | € 138,496 | € 216,064 | € 301,414 | ▲ 40% |
| Total debts | € 1,657,272 | € 1,388,193 | € 1,177,824 | € 1,016,879 | ▼ 14% |
| Cash | € 361,523 | € 321,465 | € 284,862 | € 406,361 | ▲ 43% |
| Land & buildings | € 145,556 | € 132,222 | € 118,889 | € 105,556 | ▼ 11% |
| Retained profit | € 43,848 | € 38,496 | € 116,064 | € 201,414 | ▲ 74% |
| Dividend | € 600,000 | € 240,000 | € 190,000 | € 200,000 | ▲ 5% |
| Bank debt | € 508,298 | € 485,435 | € 418,711 | € 97,149 | ▼ 77% |
| Balance sheet total | € 1,801,120 | € 1,526,939 | € 1,393,888 | € 1,318,293 | ▼ 5% |
| Employees (FTE) | 19 | 21.8 | 22 | 137,357 | ▲ 137,335 |
Key figures of NETIKA IT SERVICES, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to NETIKA IT SERVICES?
What happened at NETIKA IT SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NewGov SRL stepped down as director. NBB
- ITIZEN SA stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 356,686 (▲ 7% vs 2023). Source: NBB ↗
- NewGov SRL became a director. NBB
- ITIZEN SA became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
- New establishment in Wavre. KBO
In short
From € 300,203 profit in 2021 to € 356,686 profit in 2024.
Paid € 478,393 in corporate taxes since 2021.
Best year ever: 2024, with € 356,686 profit.
On average € 0 of value added per employee in 2024.
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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 ITIZEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NETIKA IT SERVICESThe shares are held by ITIZEN (100%).
Directors
According to the 2024 annual accounts
since 2023 · until 2029
Managing director · represented by Olivier FOLIEN
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Belliardstraat 2A
1040 Etterbeek
Rue du Manège 18
1301 Wavre
Active since 26 November 2004
Belliardstraat 2
1040 Etterbeek
Active since 1 February 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0870.454.937
- VAT number
- BE 0870.454.937
- Registered office
- Belliardstraat 2A, 1040 Etterbeek
- Names & denominations
- NETIKA IT SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 December 2004
- Peppol
- Active · Active since 18 Sept 2025
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