NAPARON
ActiveSummary
NAPARON has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €334,188 and a net result of -€3,469. Equity is shrinking by ~6.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
Go further with this company
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.
- 2025 Net result +100% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €18,390 | €17,397 | - | - | - |
| Other operating charges640/8 | €1,493 | €1,658 | €433 | €414 | €216 | ▼ 47.9% |
| Gross operating margin9900 | -€31,806 | -€13,117 | -€7,947 | -€5,875 | -€3,182 | ▲ 45.8% |
| Operating profit (loss)9901 | -€33,299 | -€14,775 | -€8,380 | -€6,289 | -€3,397 | ▲ 46.0% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €13,282 | €14,372 | €40,837 | €2.1m | €72 | ▼ 100.0% |
| Recurring financial charges65 | €13,282 | €14,372 | €40,837 | €2.1m | €72 | ▼ 100.0% |
| Profit (loss) for the period before taxes9903 | -€46,580 | -€29,147 | -€49,217 | -€2.1m | -€3,469 | ▲ 99.8% |
| Income taxes67/77 | -€1,746 | €321 | €107 | - | - | - |
| Profit (loss) for the period9904 | -€44,835 | -€29,469 | -€49,324 | -€2.1m | -€3,469 | ▲ 99.8% |
| Profit (loss) for the period to be appropriated9905 | -€44,835 | -€29,469 | -€49,324 | -€2.1m | -€3,469 | ▲ 99.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.5m | €2.4m | €348,041 | €344,536 | ▼ 1.0% |
| Fixed assets21/28 | €2.5m | €2.3m | €2.3m | €330,445 | €330,445 | = |
| Tangible fixed assets22/27 | €522,955 | €330,445 | €330,445 | €330,445 | €330,445 | = |
| Plant, machinery and equipment23 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Furniture and vehicles24 | €0 | €0 | €0 | €0 | €0 | = |
| Other tangible fixed assets26 | €511,955 | €319,445 | €319,445 | €319,445 | €319,445 | = |
| Financial fixed assets28 | €2.0m | €2.0m | €2.0m | - | - | - |
| Current assets29/58 | €23,215 | €166,134 | €113,193 | €17,596 | €14,091 | ▼ 19.9% |
| Amounts receivable within one year40/41 | €21 | - | €218 | €1,486 | - | - |
| Trade receivables40 | €21 | - | €218 | - | - | - |
| Other amounts receivable41 | - | - | - | €1,486 | - | - |
| Cash at bank and in hand54/58 | €22,308 | €166,134 | €112,976 | €16,110 | €14,091 | ▼ 12.5% |
| Deferred charges and accrued income490/1 | €886 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €2.4m | €348,041 | €344,536 | ▼ 1.0% |
| Equity10/15 | €763,714 | €734,245 | €684,921 | €337,657 | €334,188 | ▼ 1.0% |
| Contributions10/11 | €89,523 | €89,523 | €89,523 | €89,523 | €89,523 | = |
| Capital10 | €89,500 | €89,500 | €89,500 | €89,500 | €89,500 | = |
| Issued capital100 | €89,500 | €89,500 | €89,500 | €89,500 | €89,500 | = |
| Outside capital11 | €23 | €23 | €23 | €23 | €23 | = |
| Share premium1100/10 | €23 | €23 | €23 | €23 | €23 | = |
| Reserves13 | €673,500 | €643,500 | €593,500 | €593,500 | €593,500 | = |
| Non-distributable reserves130/1 | €47,500 | €47,500 | €47,500 | €47,500 | €47,500 | = |
| Legal reserve130 | €47,500 | €47,500 | €47,500 | €47,500 | €47,500 | = |
| Distributable reserves133 | €626,000 | €596,000 | €546,000 | €546,000 | €546,000 | = |
| Profit (loss) carried forward14 | €691 | €1,222 | €1,898 | -€345,366 | -€348,835 | ▼ 1.0% |
| Amounts payable17/49 | €1.8m | €1.8m | €1.8m | €10,384 | €10,348 | ▼ 0.3% |
| Amounts payable within one year42/48 | €1.8m | €1.8m | €1.8m | €10,384 | €10,348 | ▼ 0.3% |
| Current portion of amounts payable after more than one year42 | €1.4m | €1.4m | €1.4m | - | - | - |
| Trade debts44 | €3,525 | €140 | €174 | €162 | €170 | ▲ 4.9% |
| Suppliers440/4 | €3,525 | €140 | €174 | €162 | €170 | ▲ 4.9% |
| Taxes, remuneration and social security45 | €17,190 | €511 | €619 | €297 | - | - |
| Taxes450/3 | €17,190 | €511 | €619 | €297 | - | - |
| Other amounts payable47/48 | €362,373 | €362,313 | €358,556 | €9,925 | €10,178 | ▲ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,835 | -€29,469 | -€49,324 | -€2.1m | -€3,469 | ▲ 99.8% |
| Operating cash flow (approximation) | -€44,835 | -€29,469 | -€49,324 | -€2.1m | -€3,469 | ▲ 99.8% |
| Investment in fixed assets (approximation) | - | €192,510 | €0 | €2.0m | €0 | ▼ 100% |
| Change in cash | - | €143,826 | -€53,158 | -€96,865 | -€2,019 | ▲ 97.9% |
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
03-09
State Gazette act
Reappointments: Paulus Adriaansens (director) and Coenaert Nadine (director)5 facts ▸
- General meeting, 30-06-2026
- Director reappointment, Paulus Adriaansens (director)
- Director reappointment, Coenaert Nadine (director)
- Other statement, acceptance of mandate, bestuurder
- Other statement, acceptance of mandate, bestuurder
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333I0769/00R000 | Flanders | 1,271 m² | 1 · 307 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Nadine Coenaert |
|
| Paulus Adriaansens |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
- DGrade DWC-LLCAESourceown accounts 202330%
According to the 2023 annual accounts of NAPARON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.