DARNOC
ActiveSummary
DARNOC has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.82M and a net result of €775k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 81% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+25
Solvency98▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.04 in 2024; short-term debt: 26.5% and cash: 2.8% of total assets), and 27% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73%
Return on assets
20%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
4 d early
2022
30 d late
2021
53 d late
2020
9 d early
2019
97 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.82M▲ 37.8%
2024 · €2.05M
2019: €191klowest in 7 years
2020: €2.01M▲ +954% vs 2019
2021: €2.02M▲ +0.2% vs 2020
2022: €2.02M● +0.0% vs 2021
2023: €2.03M▲ +0.7% vs 2022
2024: €2.05M▲ +0.8% vs 2023
2025: €2.82M▲ +37.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€3.87M▲ 41.6%
2024 · €2.73M
2019: €3.41M
2020: €3.42M▲ +0.2% vs 2019
2021: €3.42M● -0.0% vs 2020
2022: €3.43M▲ +0.1% vs 2021
2023: €2.72M▼ -20.5% vs 2022lowest in 7 years
2024: €2.73M▲ +0.3% vs 2023
2025: €3.87M▲ +41.6% vs 2024highest in 7 years
2019 → 2025
Net result
€775k▲ 4,823%
2024 · €16k
2019: €7k
2020: €23k▲ +242% vs 2019
2021: €5k▼ -79.7% vs 2020
2022: €871▼ -81.0% vs 2021lowest in 7 years
2023: €14k▲ +1481% vs 2022
2024: €16k▲ +14.4% vs 2023
2025: €775k▲ +4823% vs 2024highest in 7 years
2019 → 2025
Working capital
€1.52M▲ 117%
2024 · €701k
2019: €-1.29Mlowest in 7 years
2020: €563k▲ +144% vs 2019
2021: €606k▲ +7.7% vs 2020
2022: €592k▼ -2.4% vs 2021
2023: €645k▲ +9.0% vs 2022
2024: €701k▲ +8.7% vs 2023
2025: €1.52M▲ +117% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.02M-€2.02M=€2.03M▲ 0.7%€2.05M▲ 0.8%€2.82M▲ 37.8%
2021: €2.02Mlowest in 5 years
2022: €2.02M● +0.0% vs 2021
2023: €2.03M▲ +0.7% vs 2022
2024: €2.05M▲ +0.8% vs 2023
2025: €2.82M▲ +37.8% vs 2024highest in 5 years
Operating result€13k-€7k▼ 44.4%€24k▲ 231%€29k▲ 23.5%€53k▲ 80.5%
2021: €13k
2022: €7k▼ -44.4% vs 2021lowest in 5 years
2023: €24k▲ +231% vs 2022
2024: €29k▲ +23.5% vs 2023
2025: €53k▲ +80.5% vs 2024highest in 5 years
Net result€5k-€871▼ 81.0%€14k▲ 1,481%€16k▲ 14.4%€775k▲ 4,823%
2021: €5k
2022: €871▼ -81.0% vs 2021lowest in 5 years
2023: €14k▲ +1481% vs 2022
2024: €16k▲ +14.4% vs 2023
2025: €775k▲ +4823% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.87M
Fixed assets
€1.32M ▼ 2.7%
Current assets
€2.55M ▲ 85.2%
Equity and liabilities €3.87M
Equity
€2.82M ▲ 37.8%
Debt
€1.04M ▲ 52.8%
Debt's share of the balance-sheet total rises from 25.0% to 27.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€96k▲
2024 · €72k
Cash flow
€818k▲
2024 · €58k
Current ratio
2.49▲
2024 · 2.04
Debt to equity
0.37▲
2024 · 0.33
ROE
27.4%▲
2024 · 0.8%
ROA
20.0%▲
2024 · 0.6%
Interest coverage
25.56▲
2024 · 5.92
Debt ≤ 1 year
€1.02M▲
2024 · €674k
Debt > 1 year
€6k▲
2024 · €5k
Income taxes
€388k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.73M€3.87M▲
Fixed assets21/28€1.36M€1.32M▼
Tangible fixed assets22/27€1.36M€1.32M▼
Land and buildings22€1.22M€1.19M▼
Plant, machinery and equipment23€1k€956▼
Other tangible fixed assets26€133k€133k=
Current assets29/58€1.38M€2.55M▲
Amounts receivable within one year40/41€14k€14k▼
Trade receivables40€11k€11k▼
Other amounts receivable41€3k€3k=
Current investments50/53€1.12M€2.42M▲
Cash at bank and in hand54/58€237k€109k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.73M€3.87M▲
Equity10/15€2.05M€2.82M▲
Contributions10/11€1.88M€1.88M=
Capital10€1.88M€1.88M=
Issued capital100€1.88M€1.88M=
Reserves13€161k€936k▲
Non-distributable reserves130/1€8k€188k▲
Legal reserve130€8k€188k▲
Tax-exempt reserves132€93k€88k▼
Distributable reserves133€60k€660k▲
Profit (loss) carried forward14€6k€6k▲
Amounts payable17/49€683k€1.04M▲
Amounts payable after more than one year17€5k€6k▲
Other amounts payable178/9€5k€6k▲
Amounts payable within one year42/48€674k€1.02M▲
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€2k€388k▲
Taxes450/3€2k€388k▲
Other amounts payable47/48€665k€634k▼
Accrued charges and deferred income492/3€5k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€43k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€11k€11k▼
Gross operating margin9900€82k€107k▲
Operating profit (loss)9901€29k€53k▲
Financial income75/76B€580€1.11M▲
Recurring financial income75€580€1.11M▲
Financial charges65/66B€12k€4k▼
Recurring financial charges65€12k€4k▼
Profit (loss) for the period before taxes9903€18k€1.16M▲
Income taxes67/77€2k€388k▲
Profit (loss) for the period9904€16k€775k▲
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€21k€780k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€785k▲
Profit (loss) brought forward from the previous period14P€5k€6k▲
Transfer to equity691/2€20k€780k▲
To the legal reserve6920-€180k
To other reserves6921€20k€600k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €42k | €42k | €42k | €43k | ▲ 2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €45 | €-45 | €0 | - | - |
| Other operating charges640/8 | - | €9k | €10k | €11k | €11k | ▼ 0.6% |
| Gross operating margin9900 | €58k | €58k | €75k | €82k | €107k | ▲ 29.7% |
| Operating profit (loss)9901 | €13k | €7k | €24k | €29k | €53k | ▲ 80.5% |
| Financial income75/76B | - | €0 | - | €580 | €1.11M | ▲ 191,783% |
| Recurring financial income75 | €181 | €0 | - | €580 | €1.11M | ▲ 191,783% |
| Financial charges65/66B | - | €6k | €8k | €12k | €4k | ▼ 68.9% |
| Recurring financial charges65 | €9k | €6k | €8k | €12k | €4k | ▼ 68.9% |
| Profit (loss) for the period before taxes9903 | €5k | €871 | €16k | €18k | €1.16M | ▲ 6,392% |
| Income taxes67/77 | - | - | €2k | €2k | €388k | ▲ 17,755% |
| Profit (loss) for the period9904 | €5k | €871 | €14k | €16k | €775k | ▲ 4,823% |
| Transfer from tax-exempt reserves789 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) for the period to be appropriated9905 | €10k | €6k | €19k | €21k | €780k | ▲ 3,639% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.42M | €3.43M | €2.72M | €2.73M | €3.87M | ▲ 41.6% |
| Fixed assets21/28 | €1.42M | €1.43M | €1.40M | €1.36M | €1.32M | ▼ 2.7% |
| Tangible fixed assets22/27 | €1.42M | €1.43M | €1.40M | €1.36M | €1.32M | ▼ 2.7% |
| Land and buildings22 | - | €1.30M | €1.26M | €1.22M | €1.19M | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | - | €1k | €956 | ▼ 20.1% |
| Other tangible fixed assets26 | - | €133k | €133k | €133k | €133k | = |
| Current assets29/58 | €2.00M | €1.99M | €1.33M | €1.38M | €2.55M | ▲ 85.2% |
| Amounts receivable within one year40/41 | €7k | €44k | €15k | €14k | €14k | ▼ 6.3% |
| Trade receivables40 | - | €11k | €12k | €11k | €11k | ▼ 7.9% |
| Other amounts receivable41 | - | €33k | €3k | €3k | €3k | = |
| Current investments50/53 | €1.12M | €1.12M | €1.12M | €1.12M | €2.42M | ▲ 116% |
| Cash at bank and in hand54/58 | €867k | €823k | €189k | €237k | €109k | ▼ 54.1% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €2k | €2k | ▲ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.42M | €3.43M | €2.72M | €2.73M | €3.87M | ▲ 41.6% |
| Equity10/15 | €2.02M | €2.02M | €2.03M | €2.05M | €2.82M | ▲ 37.8% |
| Contributions10/11 | €1.88M | €1.88M | €1.88M | €1.88M | €1.88M | = |
| Capital10 | - | €1.88M | €1.88M | €1.88M | €1.88M | = |
| Issued capital100 | - | €1.88M | €1.88M | €1.88M | €1.88M | = |
| Reserves13 | €138k | €133k | €146k | €161k | €936k | ▲ 481% |
| Non-distributable reserves130/1 | - | €8k | €8k | €8k | €188k | ▲ 2,195% |
| Legal reserve130 | - | €8k | €8k | €8k | €188k | ▲ 2,195% |
| Tax-exempt reserves132 | - | €103k | €98k | €93k | €88k | ▼ 5.5% |
| Distributable reserves133 | - | €21k | €40k | €60k | €660k | ▲ 1,003% |
| Profit (loss) carried forward14 | €-1k | €5k | €5k | €6k | €6k | ▲ 1.1% |
| Amounts payable17/49 | €1.40M | €1.41M | €692k | €683k | €1.04M | ▲ 52.8% |
| Amounts payable after more than one year17 | €3k | €3k | €5k | €5k | €6k | ▲ 35.0% |
| Other amounts payable178/9 | - | €3k | €5k | €5k | €6k | ▲ 35.0% |
| Amounts payable within one year42/48 | €1.39M | €1.40M | €682k | €674k | €1.02M | ▲ 52.0% |
| Trade debts44 | €2k | €17k | €8k | €8k | €3k | ▼ 61.4% |
| Suppliers440/4 | - | €17k | €8k | €8k | €3k | ▼ 61.4% |
| Taxes, remuneration and social security45 | - | - | €2k | €2k | €388k | ▲ 19,307% |
| Taxes450/3 | - | - | €2k | €2k | €388k | ▲ 19,307% |
| Other amounts payable47/48 | - | €1.38M | €672k | €665k | €634k | ▼ 4.6% |
| Accrued charges and deferred income492/3 | - | €4k | €5k | €5k | €13k | ▲ 190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €871 | €14k | €16k | €775k | ▲ 4,823% |
| + Depreciation and write-downs630 | €36k | €42k | €42k | €42k | €43k | ▲ 2.0% |
| Operating cash flow (approximation) | €41k | €42k | €56k | €58k | €818k | ▲ 1,313% |
| Investment in fixed assets (approximation) | - | €-53k | €-5k | €-1k | €-7k | ▼ 457% |
| Change in cash | - | €-44k | €-635k | €48k | €-128k | ▼ 365% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €775k ▲4,823%
Operating result €53k, net result €775k, both a record.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €871 ▼81%
Net result drops to €871, the lowest in the series; recovery starts the following year.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.60 to 1.40; short-term debt falls from €3.21M to €1.40M.
31-03
Financial
Equity above €2MEq €2.01M ▲954%
2 profitable years in a row build equity to €2.01M.
05-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Verviers
Ground area
1.9 ha
Building footprint
5,726 m²
Volume, LiDAR
35,089 m³
Parcel 63022A0060/00T004, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63022A0060/00T004 | Wallonia | 1.9 ha | 1 · 5,726 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,301 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-05-1990
Fiscal year end31-03
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.