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NACTORY

Active
Private limited companyfounded 2025active for 1 yearSint Michielswarande 30 B, 1040 Etterbeek, BelgiumKBO/BCE: BE 1020.003.696
Summary

NACTORY has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,544 and a net result of €17,544. Its solvency ranks better than 19% of 5,613 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00449476.

Equity
€23,544
Total assets
€223,761
Net result
€17,544
Working capital
-€27,423

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €223,761
Fixed assets €50,968
Current assets €172,793
Equity and liabilities €223,761
Equity €23,544
Debt €200,216
Debt finances 89.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€31,808
Cash flow
€26,577
Current ratio
0.86
Quick ratio
0.48
Debt to equity
8.50
ROE
74.5%
ROA
7.8%
Interest coverage
67.38
Debt ≤ 1 year
€200,216
Income taxes
€4,778

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,390 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€223,761
Fixed assets21/28€50,968
Intangible fixed assets21€50,968
Current assets29/58€172,793
Stocks and contracts in progress3€75,741
Stocks30/36€75,741
Amounts receivable within one year40/41€10,917
Trade receivables40€10,917
Cash at bank and in hand54/58€86,135
Equity and liabilities
Total equity and liabilities10/49€223,761
Equity10/15€23,544
Contributions10/11€6,000
Profit (loss) carried forward14€17,544
Amounts payable17/49€200,216
Amounts payable within one year42/48€200,216
Trade debts44€126,700
Suppliers440/4€126,700
Taxes, remuneration and social security45€5,016
Taxes450/3€5,016
Other amounts payable47/48€68,500
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,032
Other operating charges640/8€400
Gross operating margin9900€32,208
Operating profit (loss)9901€22,776
Financial income75/76B€18
Recurring financial income75€18
Financial charges65/66B€472
Recurring financial charges65€472
Profit (loss) for the period before taxes9903€22,322
Income taxes67/77€4,778
Profit (loss) for the period9904€17,544
Profit (loss) for the period to be appropriated9905€17,544
Appropriation of the result
Profit (loss) to be appropriated9906€17,544

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,032
Other operating charges640/8€400
Gross operating margin9900€32,208
Operating profit (loss)9901€22,776
Financial income75/76B€18
Recurring financial income75€18
Financial charges65/66B€472
Recurring financial charges65€472
Profit (loss) for the period before taxes9903€22,322
Income taxes67/77€4,778
Profit (loss) for the period9904€17,544
Profit (loss) for the period to be appropriated9905€17,544
Line2025
Assets
Total assets20/58€223,761
Fixed assets21/28€50,968
Intangible fixed assets21€50,968
Current assets29/58€172,793
Stocks and contracts in progress3€75,741
Stocks30/36€75,741
Amounts receivable within one year40/41€10,917
Trade receivables40€10,917
Cash at bank and in hand54/58€86,135
Equity and liabilities
Total equity and liabilities10/49€223,761
Equity10/15€23,544
Contributions10/11€6,000
Profit (loss) carried forward14€17,544
Amounts payable17/49€200,216
Amounts payable within one year42/48€200,216
Trade debts44€126,700
Suppliers440/4€126,700
Taxes, remuneration and social security45€5,016
Taxes450/3€5,016
Other amounts payable47/48€68,500
Line2025
Profit (loss) for the period9904€17,544
+ Depreciation and write-downs630€9,032
Operating cash flow (approximation)€26,577

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 27-08-2026 2026-00449476

Similar companies · same sector, comparable size

Of the 21,105 active companies whose main activity is landscape service activities (NACE 81300), figures are known for 4,440. 3,295 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.