Introduction: In hemodialysis patients, Body Mass Index is insufficient in assessing their nutritional status due to the ‘obesity paradox’ and the impact of body composition on inflammation. The aim of the study was to assess the relationship between body composition, traditional inflammatory markers, and the new NETosis indicators (neutrophil extracellular traps), as well as to determine their impact on 12-month mortality. Methods: The study included 99 patients with end-stage renal disease. Their body composition was assessed using bioelectrical impedance analysis (Seca mBCA 525). Blood serum was tested for inflammatory markers (hs-CRP, IL-6, TNF-α, IL-1B), NETosis markers (citrullinated histone H3, MPO, elastase), and nutritional status parameters (albumin, transferrin). Results: No correlation between BMI and inflammation was demonstrated. Higher contents of the adipose tissue, particularly visceral, were significantly associated with increased levels of IL-6 and hs-CRP, while muscle mass was negatively correlated with inflammation. The use of dialysis catheters stimulated NETosis (higher CH3 levels), which had a negative effect on albumin concentrations. Low albumin levels and high TNF-α levels were independent predictors of death. Conclusions: It is body composition, and not BMI, that determines the severity of inflammation. Visceral obesity promotes inflammation, while muscle mass has a protective effect. Dialysis catheters, by stimulating NETosis, contribute to a decrease in albumin levels and a poorer prognosis.