NAJARYAN'S

Active

Public limited companyfounded 2021active for 5 yearsMechelsesteenweg 151A, 1800 Vilvoorde, Belgium32 active companies are registered at this addressKBO/BCE: BE 0771.845.727

The file of NAJARYAN'S contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 17.5% (high). The 2024 annual accounts show equity of €71,082 and a net result of -€12,061. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 21% of 35,976 sector peers (NACE 43, financial year 2024).

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NAJARYAN'SActiveChecked score 13/100

Risk analysis Report Compare

Activity

Other specialised construction activities

NACE 43990

Size

€979turnover 2024

Equity: €71,082
Loss: -€12,061

Financial health

13 Critical Checked score 2024

Bankruptcy probabilitywithin 12 months: 17.5%

Structure

2025 accounts not filed, 86 days past the deadline1 of 3 deeds summarised

Why 13raises risk1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 57 days late; 3 of the last 3 lateNo registered site in the KBOFigures for financial year 2024 (filed 26-09-2025)Show the evidence

Checked score

Score 2024

13 / 100

Critical

Probability in this band: over 15.0%

Financially better than 15% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 44-3

equity 19.4% of total assets

Liquidity 6-1

short-term debt 80.6% · cash 0.0%

Profitability 10-20

return on assets -3.3%

Bankruptcy probability, 12 months

17.5% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,621 companies, NACE 43, micro)

Last 24 months 11-2024: 10.0%lowest value 12-2024: 11.3%▲ +1.3 percentage points vs 11-2024 01-2025: 14.1%▲ +2.8 percentage points vs 12-2024 02-2025: 14.1%● unchanged vs 01-2025 03-2025: 14.4%▲ +0.3 percentage points vs 02-2025 04-2025: 19.8%▲ +5.4 percentage points vs 03-2025 05-2025: 19.8%● unchanged vs 04-2025 06-2025: 19.6%▼ -0.2 percentage points vs 05-2025 07-2025: 19.5%▼ -0.1 percentage points vs 06-2025 08-2025: 22.4%▲ +2.9 percentage points vs 07-2025highest value 09-2025: 22.4%● unchanged vs 08-2025highest value 10-2025: 10.6%▼ -11.8 percentage points vs 09-2025 11-2025: 10.6%● unchanged vs 10-2025 12-2025: 10.6%● unchanged vs 11-2025 01-2026: 11.0%▲ +0.4 percentage points vs 12-2025 02-2026: 11.0%● unchanged vs 01-2026 03-2026: 11.0%● unchanged vs 02-2026 04-2026: 12.1%▲ +1.1 percentage points vs 03-2026 05-2026: 12.9%▲ +0.8 percentage points vs 04-2026 08-2026: 12.6% 09-2026: 13.0%▲ +0.4 percentage points vs 08-2026 10-2026: 17.5%▲ +4.5 percentage points vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.08, compared with 0.1 in 2023, below 1; short-term debt: 80.6% and cash: 0% of total assets), and 80.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 21% on solvency, 5% on liquidity, 11% on profitability and 21% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Nine signals.

raises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

1 financial year not filed after the legal deadline; last filed accounts filed 57 days late; 3 of the last 3 late

NBB · filings

No registered site in the KBO

KBO · seat and establishments

Figures for financial year 2024 (filed 26-09-2025)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

222324

2022 to 2024 · latest year -€12,061

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 35976 sector peers (2024).

NBB · sector comparison

Position among 35976 sector peers

Solvency

better than 21%

← weakest strongest →

Prior bankruptcy

Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.

Belgian Official Gazette

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 86 days later.

NBB · 3 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline25-10-2026 today

2024 accounts filed 57 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 3 filings

Deviation from the deadline

2025

not filed

2024

57 days late

2023

693 days late

2022

61 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 270 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

15-07-2026 Bankruptcy reversalEnterprise Court of Brussels ·…
24-06-2026 Annual accounts filedfinancial year 2023 · abbreviated…
19-05-2026 OpeningEnterprise Court of Brussels ·…

Key points

Risk: 3 loss-making years in a rowloss financial year 2024 -€12,061 View
Caution: Among the weakest 11% on net resultsector median €9,463 · 35,945 companies -€12,061 View
Caution: 2025 accounts not fileddeadline was 31-07-2026 86 days past the deadline View

By topic

Financials

Financial year: 2024
Turnover: €979
Loss: -€12,061
Solvency: 19.4%

Go to Financials

Timeline

Events: 6
Since: 2023

26-09-2025Annual accounts filed
06-03-2025Registered office
30-09-2023Annual accounts filed

Go to Timeline

Company details

Legal form: Public limited company
Activity: Other specialised construction activitiesNACE 43990
Founded: 29-07-2021
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 1

See the provisions in the deeds

Go to Articles of association

Key facts about NAJARYAN'S

What is the company number of NAJARYAN'S?: 0771.845.727. In Belgium the VAT number is the company number with BE in front: BE 0771.845.727.
Where is NAJARYAN'S based?: The registered office is at Mechelsesteenweg 151A, 1800 Vilvoorde.Company details
What does NAJARYAN'S do?: According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of NAJARYAN'S?: Public limited company (NV).
When was NAJARYAN'S founded?: On 29-07-2021.
Is NAJARYAN'S still active?: Yes, NAJARYAN'S is an active enterprise in the KBO register.
What is the turnover of NAJARYAN'S?: €979 in financial year 2024, according to the filed annual accounts.Financials
Is NAJARYAN'S profitable?: In financial year 2024, NAJARYAN'S made a loss of €12,061.
Where can I find the annual accounts of NAJARYAN'S?: NAJARYAN'S filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2024.