NAGARAGAN
ActiveSummary
NAGARAGAN has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €164,140 and a net result of €76,511. Equity is growing by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 15372 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 4.57 against 8.7 in 2023; short-term debt: 21.2% and cash: 83.9% of total assets), and 21.2% of the assets are financed with debt.
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Signals
Three 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
32 d early
2024
8 d early
2023
78 d early
2022
6 d early
2021
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€164,140▲ 14.1%
2023 · €143,879
Total assets
€208,371▲ 29.1%
2023 · €161,451
Net result
€76,511▲ 8.3%
2023 · €70,634
Working capital
€157,741▲ 16.5%
2023 · €135,382
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€44,234-€54,510▲ 23.2%€93,233▲ 71.0%€100,055▲ 7.3%
Net result€29,955within the sector's middle half-€41,290within the sector's middle half▲ 37.8%€70,634above the sector's middle half▲ 71.1%€76,511above the sector's middle half▲ 8.3%
Equity€31,955below the sector's middle half-€73,245within the sector's middle half▲ 129%€143,879within the sector's middle half▲ 96.4%€164,140within the sector's middle half▲ 14.1%
Total assets€47,795below the sector's middle half-€84,512below the sector's middle half▲ 76.8%€161,451within the sector's middle half▲ 91.0%€208,371within the sector's middle half▲ 29.1%
Debt€15,840-€11,266▼ 28.9%€17,571▲ 56.0%€44,231▲ 152%
Working capital€31,425within the sector's middle half-€70,798within the sector's middle half▲ 125%€135,382within the sector's middle half▲ 91.2%€157,741within the sector's middle half▲ 16.5%
Solvency66.9%within the sector's middle half-86.7%above the sector's middle half▲ 19.8pp89.1%above the sector's middle half▲ 2.4pp78.8%within the sector's middle half▼ 10.3pp
Current ratio3.00within the sector's middle half-7.58above the sector's middle half▲ 4.588.70above the sector's middle half▲ 1.134.57within the sector's middle half▼ 4.14
Return on assets (ROA)62.7%above the sector's middle half-48.9%above the sector's middle half▼ 13.8pp43.7%above the sector's middle half▼ 5.1pp36.7%above the sector's middle half▼ 7.0pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €208,371
Fixed assets
€6,399 ▼ 24.7%
Current assets
€201,972 ▲ 32.0%
Equity and liabilities €208,371
Equity
€164,140 ▲ 14.1%
Debt
€44,231 ▲ 152%
Debt's share of the balance-sheet total rises from 10.9% to 21.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102,153▲
2023 · €94,312
Cash flow
€78,609▲
2023 · €71,712
Debt to equity
0.27▲
2023 · 0.12
ROE
46.6%▼
2023 · 49.1%
Interest coverage
1361.13▲
2023 · 1115.98
Debt ≤ 1 year
€44,231▲
2023 · €17,571
Income taxes
€23,469▲
2023 · €22,515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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% 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 26,975 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
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,105 | €725 | €1,078 | €2,097 | ▲ 94.5% |
| Other operating charges640/8 | €468 | €517 | €549 | €563 | ▲ 2.6% |
| Gross operating margin9900 | €45,808 | €55,753 | €94,861 | €102,716 | ▲ 8.3% |
| Operating profit (loss)9901 | €44,234 | €54,510 | €93,233 | €100,055 | ▲ 7.3% |
| Financial income75/76B | €152 | - | - | - | - |
| Recurring financial income75 | €152 | - | - | - | - |
| Financial charges65/66B | - | €104 | €85 | €75 | ▼ 11.2% |
| Recurring financial charges65 | - | €104 | €85 | €75 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €44,386 | €54,406 | €93,149 | €99,980 | ▲ 7.3% |
| Income taxes67/77 | €14,430 | €13,117 | €22,515 | €23,469 | ▲ 4.2% |
| Profit (loss) for the period9904 | €29,955 | €41,290 | €70,634 | €76,511 | ▲ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €29,955 | €41,290 | €70,634 | €76,511 | ▲ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,795 | €84,512 | €161,451 | €208,371 | ▲ 29.1% |
| Fixed assets21/28 | €626 | €2,954 | €8,497 | €6,399 | ▼ 24.7% |
| Tangible fixed assets22/27 | €626 | €2,954 | €8,497 | €6,399 | ▼ 24.7% |
| Furniture and vehicles24 | €626 | €2,954 | €8,497 | €6,399 | ▼ 24.7% |
| Current assets29/58 | €47,169 | €81,558 | €152,954 | €201,972 | ▲ 32.0% |
| Amounts receivable within one year40/41 | €19,118 | €18,675 | €23,932 | €27,047 | ▲ 13.0% |
| Trade receivables40 | €15,993 | €18,675 | €23,932 | €27,044 | ▲ 13.0% |
| Other amounts receivable41 | €3,125 | - | - | €3 | - |
| Cash at bank and in hand54/58 | €28,051 | €62,883 | €129,022 | €174,925 | ▲ 35.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,795 | €84,512 | €161,451 | €208,371 | ▲ 29.1% |
| Equity10/15 | €31,955 | €73,245 | €143,879 | €164,140 | ▲ 14.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | €2,000 | - | - | - | - |
| Other1109/19 | €2,000 | - | - | - | - |
| Reserves13 | €29,955 | €71,245 | €141,879 | €162,140 | ▲ 14.3% |
| Distributable reserves133 | €29,955 | €71,245 | €141,879 | €162,140 | ▲ 14.3% |
| Amounts payable17/49 | €15,840 | €11,266 | €17,571 | €44,231 | ▲ 152% |
| Amounts payable within one year42/48 | €15,744 | €10,760 | €17,571 | €44,231 | ▲ 152% |
| Trade debts44 | €265 | €388 | €302 | €410 | ▲ 35.8% |
| Suppliers440/4 | €265 | €388 | €302 | €410 | ▲ 35.8% |
| Taxes, remuneration and social security45 | €15,479 | €8,342 | €14,917 | €9,895 | ▼ 33.7% |
| Taxes450/3 | €15,479 | €8,342 | €14,917 | €9,895 | ▼ 33.7% |
| Other amounts payable47/48 | - | €2,031 | €2,353 | €33,926 | ▲ 1,342% |
| Accrued charges and deferred income492/3 | €96 | €506 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,955 | €41,290 | €70,634 | €76,511 | ▲ 8.3% |
| + Depreciation and write-downs630 | €1,105 | €725 | €1,078 | €2,097 | ▲ 94.5% |
| Operating cash flow (approximation) | €31,061 | €42,015 | €71,712 | €78,609 | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | -€3,053 | -€6,621 | €0 | ▲ 100% |
| Change in cash | - | €34,831 | €66,139 | €45,903 | ▼ 30.6% |
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
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €76,511 ▲8.3%
Operating result €100,055, net result €76,511, both a record.
31-12
Financial
Equity above €150,000Eq €164,140 ▲14.1%
4 profitable years in a row build equity to €164,140.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €143,879 ▲96.4%
3 profitable years in a row build equity to €143,879.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 7.58
Current ratio from 3.00 to 7.58; short-term debt falls from €15,744 to €10,760.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wijnegem · 1 establishment unit since 2021
Ground area
1,236 m²
Building footprint
176 m²
Volume, LiDAR
980 m³
Parcel 11050B0325/00L000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NAGARAGAN
since 20212.316.487.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0325/00L000 | Flanders | 1,236 m² | 1 · 176 m² | 8.1 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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ADVOCATENKANTOOR MARC VERDOODT
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766868142
Also
9925:BE0766868142
Registered
22-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.