NAPRODEX
ActiveSummary
NAPRODEX has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €13k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 116 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency85▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.15 in 2024; short-term debt: 40% and cash: 1.7% of total assets), and 40% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
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
60%
Return on assets
5.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
12 d early
2023
2 d early
2022
18 d late
2021
14 d late
2020
16 d late
2019
3 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€144k▼ 3.7%
2024 · €150k
2018: €61klowest in 8 years
2019: €80k▲ +30.8% vs 2018
2020: €119k▲ +47.9% vs 2019
2021: €120k▲ +1.2% vs 2020
2022: €141k▲ +17.5% vs 2021
2023: €145k▲ +3.2% vs 2022
2024: €150k▲ +2.8% vs 2023highest in 8 years
2025: €144k▼ -3.7% vs 2024
2018 → 2025
Total assets
€240k▼ 18.4%
2024 · €295k
2018: €308k
2019: €324k▲ +5.2% vs 2018
2020: €351k▲ +8.2% vs 2019highest in 8 years
2021: €320k▼ -8.7% vs 2020
2022: €310k▼ -3.2% vs 2021
2023: €351k▲ +13.0% vs 2022
2024: €295k▼ -16.0% vs 2023
2025: €240k▼ -18.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€13k▲ 228%
2024 · €4k
2018: €9k
2019: €19k▲ +102% vs 2018
2020: €38k▲ +103% vs 2019highest in 8 years
2021: €1k▼ -96.4% vs 2020lowest in 8 years
2022: €21k▲ +1416% vs 2021
2023: €5k▼ -78.6% vs 2022
2024: €4k▼ -9.4% vs 2023
2025: €13k▲ +228% vs 2024
2018 → 2025
Working capital
€-4k
2024 · €19k
2018: €22k
2019: €24k▲ +9.4% vs 2018
2020: €37k▲ +52.3% vs 2019
2021: €32k▼ -12.0% vs 2020
2022: €51k▲ +58.1% vs 2021highest in 8 years
2023: €27k▼ -46.7% vs 2022
2024: €19k▼ -29.9% vs 2023
2025: €-4k▼ -118% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€141k▲ 17.5%€145k▲ 3.2%€150k▲ 2.8%€144k▼ 3.7%
2021: €120klowest in 5 years
2022: €141k▲ +17.5% vs 2021
2023: €145k▲ +3.2% vs 2022
2024: €150k▲ +2.8% vs 2023highest in 5 years
2025: €144k▼ -3.7% vs 2024
Operating result€10k-€34k▲ 223%€18k▼ 47.9%€3k▼ 82.2%€28k▲ 799%
2021: €10k
2022: €34k▲ +223% vs 2021highest in 5 years
2023: €18k▼ -47.9% vs 2022
2024: €3k▼ -82.2% vs 2023lowest in 5 years
2025: €28k▲ +799% vs 2024
Net result€1k-€21k▲ 1,416%€5k▼ 78.6%€4k▼ 9.4%€13k▲ 228%
2021: €1klowest in 5 years
2022: €21k▲ +1416% vs 2021highest in 5 years
2023: €5k▼ -78.6% vs 2022
2024: €4k▼ -9.4% vs 2023
2025: €13k▲ +228% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 799% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240k
Fixed assets
€148k ▲ 2.0%
Current assets
€93k ▼ 38.1%
Equity and liabilities €240k
Equity
€144k ▼ 3.7%
Debt
€96k ▼ 33.7%
Debt's share of the balance-sheet total falls from 49.2% to 40.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€45k▲
2024 · €26k
Cash flow
€30k▲
2024 · €26k
Current ratio
0.96▼
2024 · 1.15
Debt to equity
0.67▼
2024 · 0.97
ROE
9.3%▲
2024 · 2.7%
ROA
5.6%▲
2024 · 1.4%
Interest coverage
5.57▼
2024 · 8.48
Debt ≤ 1 year
€96k▼
2024 · €131k
Income taxes
€8k▲
2024 · €5k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€295k€240k▼
Fixed assets21/28€145k€148k▲
Tangible fixed assets22/27€145k€148k▲
Land and buildings22€135k€141k▲
Plant, machinery and equipment23€5k€6k▲
Furniture and vehicles24€4k-
Current assets29/58€150k€93k▼
Amounts receivable within one year40/41€135k€87k▼
Trade receivables40€86k€76k▼
Other amounts receivable41€49k€12k▼
Cash at bank and in hand54/58€14k€4k▼
Deferred charges and accrued income490/1€892€1k▲
Equity and liabilities
Total equity and liabilities10/49€295k€240k▼
Equity10/15€150k€144k▼
Contributions10/11€6k€8k▲
Outside capital11€6k-
Other1109/19€6k-
Reserves13€143k€136k▼
Distributable reserves133€143k€136k▼
Amounts payable17/49€145k€96k▼
Amounts payable after more than one year17€14k-
Financial debts170/4€14k-
Amounts payable within one year42/48€131k€96k▼
Current portion of amounts payable after more than one year42€35k€14k▼
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Advances received on contracts in progress46€62k€61k▼
Taxes, remuneration and social security45€33k€16k▼
Taxes450/3€33k€16k▼
Other amounts payable47/48-€4
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€17k▼
Other operating charges640/8€34k€19k▼
Gross operating margin9900€60k€64k▲
Operating profit (loss)9901€3k€28k▲
Financial income75/76B€9k€995▼
Recurring financial income75€9k€995▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€9k€21k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€4k€13k▲
Profit (loss) for the period to be appropriated9905€4k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€13k▲
Transfer from equity791/2-€19k
Transfer to equity691/2€4k€13k▲
To other reserves6921€4k€13k▲
Profit to be distributed694/7-€19k
Return on contributions (dividend)694-€19k
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 | €19k | €18k | €24k | €22k | €17k | ▼ 26.0% |
| Other operating charges640/8 | €8k | €16k | €2k | €34k | €19k | ▼ 44.2% |
| Gross operating margin9900 | €37k | €68k | €44k | €60k | €64k | ▲ 6.6% |
| Operating profit (loss)9901 | €10k | €34k | €18k | €3k | €28k | ▲ 799% |
| Financial income75/76B | €2k | €6k | €942 | €9k | €995 | ▼ 88.8% |
| Recurring financial income75 | €2k | €6k | €942 | €9k | €995 | ▼ 88.8% |
| Financial charges65/66B | €8k | €6k | €10k | €3k | €8k | ▲ 166% |
| Recurring financial charges65 | €8k | €6k | €10k | €3k | €8k | ▲ 166% |
| Profit (loss) for the period before taxes9903 | €5k | €34k | €8k | €9k | €21k | ▲ 135% |
| Income taxes67/77 | €3k | €13k | €4k | €5k | €8k | ▲ 57.0% |
| Profit (loss) for the period9904 | €1k | €21k | €5k | €4k | €13k | ▲ 228% |
| Profit (loss) for the period to be appropriated9905 | €1k | €21k | €5k | €4k | €13k | ▲ 228% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320k | €310k | €351k | €295k | €240k | ▼ 18.4% |
| Fixed assets21/28 | €153k | €135k | €167k | €145k | €148k | ▲ 2.0% |
| Tangible fixed assets22/27 | €153k | €135k | €167k | €145k | €148k | ▲ 2.0% |
| Land and buildings22 | €120k | €111k | €149k | €135k | €141k | ▲ 4.2% |
| Plant, machinery and equipment23 | €6k | €5k | €7k | €5k | €6k | ▲ 18.1% |
| Furniture and vehicles24 | €26k | €19k | €11k | €4k | - | - |
| Current assets29/58 | €167k | €175k | €184k | €150k | €93k | ▼ 38.1% |
| Amounts receivable within one year40/41 | €166k | €174k | €177k | €135k | €87k | ▼ 35.3% |
| Trade receivables40 | €136k | €144k | €134k | €86k | €76k | ▼ 12.3% |
| Other amounts receivable41 | €30k | €31k | €43k | €49k | €12k | ▼ 75.8% |
| Cash at bank and in hand54/58 | €941 | €332 | €6k | €14k | €4k | ▼ 70.1% |
| Deferred charges and accrued income490/1 | €197 | €640 | €857 | €892 | €1k | ▲ 33.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320k | €310k | €351k | €295k | €240k | ▼ 18.4% |
| Equity10/15 | €120k | €141k | €145k | €150k | €144k | ▼ 3.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €8k | ▲ 29.9% |
| Capital10 | €6k | €6k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Uncalled capital101 | €12k | €12k | - | - | - | - |
| Outside capital11 | - | - | €6k | €6k | - | - |
| Other1109/19 | - | - | €6k | €6k | - | - |
| Reserves13 | €114k | €135k | €139k | €143k | €136k | ▼ 5.1% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €112k | €133k | €139k | €143k | €136k | ▼ 5.1% |
| Amounts payable17/49 | €200k | €169k | €205k | €145k | €96k | ▼ 33.7% |
| Amounts payable after more than one year17 | €66k | €45k | €49k | €14k | - | - |
| Financial debts170/4 | €66k | €45k | €49k | €14k | - | - |
| Amounts payable within one year42/48 | €135k | €124k | €156k | €131k | €96k | ▼ 26.4% |
| Current portion of amounts payable after more than one year42 | €22k | €21k | €37k | €35k | €14k | ▼ 58.7% |
| Financial debts43 | €47k | €42k | - | - | - | - |
| Credit institutions430/8 | €47k | €42k | - | - | - | - |
| Trade debts44 | €893 | €2k | €79 | €2k | €5k | ▲ 182% |
| Suppliers440/4 | €893 | €2k | €79 | €2k | €5k | ▲ 182% |
| Advances received on contracts in progress46 | €37k | €32k | €80k | €62k | €61k | ▼ 0.8% |
| Taxes, remuneration and social security45 | €29k | €27k | €39k | €33k | €16k | ▼ 50.6% |
| Taxes450/3 | €29k | €27k | €39k | €33k | €16k | ▼ 50.6% |
| Other amounts payable47/48 | - | - | - | - | €4 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €21k | €5k | €4k | €13k | ▲ 228% |
| + Depreciation and write-downs630 | €19k | €18k | €24k | €22k | €17k | ▼ 26.0% |
| Operating cash flow (approximation) | €20k | €39k | €29k | €26k | €30k | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | €0 | €-56k | €0 | €-19k | - |
| Change in cash | - | €-609 | €5k | €8k | €-10k | ▼ 217% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
14-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
31-12
Financial
Weakest financial yearnet €1k ▼96.4%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Highest result since 2018net €38k ▲103%
Operating result €59k, net result €38k, both a record.
31-12
Financial
Equity above €100kEq €119k ▲47.9%
3 profitable years in a row build equity to €119k.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2014
29-01
State Gazette act
General meeting · Capital increase
Capital · Director resignation
2010
23-11
State Gazette act
General meeting · Statutes amendment
Auditor reappointment · Permanent representative
Financial milestoneState Gazette actNBB 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, Zwalm · 2 establishment units since 2005
Ground area
1,138 m²
Building footprint
117 m²
Volume, LiDAR
1,162 m³
Parcel 45045B0079/00R000, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
NAPRODEX
since 20052.148.817.442
B&B Sint Blasius Hof
since 20082.237.652.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45045B0079/00R000 | Flanders | 1,138 m² | 1 · 117 m² | 13.3 m · 3 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Food safety, FASFC
1 siteZwalm2.237.652.121
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Of 230 companies in sector 20590 we hold annual accounts for 169. 59 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
Founded31-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
20590Manufacture of chemicals and chemical products
55204Guest rooms (bed and breakfast)
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.