Active BE 0865.200.309Private limited company

NARA

Chaussée de Louvain 423 ·1380 Lasne, Belgium· 22 yrs active

Sector: Landscape service activities (81300)

Conclusion Checked

NARA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49k and a net result of €19k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 5900 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€49k
Net result	€19k
Staff (FTE)	6.5
Better than sector	15%

Financial profile 5 of 5 axes measured · computed by Checked

64 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 53

Profitability 100

Solvency 16

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.2% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2004, 22 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

53 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€3k

estimate, not credit advice

Score history

60 2020

81 2021

19 2022

66 2023

53 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.05 (≥ 1.0) +5

Quick ratio Quick ratio 0.26 (< 0.6) -5

Leverage Debt/equity 18.91 (> 3.0) -10

Profitability ROE 40% (≥ 10%) +10

Interest coverage Interest coverage 2.5× +3

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview21 NBB filings

Annual accounts filed on 25-08-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~5.2%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 81, Services to buildings and landscape activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	5.0%	41.5%	better than 15% of 5900 sector peers
Net result	€19k	€9k	better than 67% of 5883 sector peers
Equity	€49k	€48k	better than 51% of 5903 sector peers
Gross operating margin	€388k	€46k	better than 95% of 5877 sector peers
Staff costs	€268k	€46k	higher than 92% of 2889 sector peers

Revenue

€650k

- 20-24

EBITDA

€108k

-20.8% 20-24

Net profit

€19k

-14.1% 20-24

Cash flow

€62k

-32.6% 20-24

Total assets

€970k

-3.8% 20-24

Equity

€49k

+65.4% 20-24

Working capital

€8k

-44.0% 20-24

Employees (FTE)

7

+8.3% 20-24

Staff costs

€268k

+5.9% 20-24

Income taxes

€3k

-74.6% 20-24

Dividends

€2k

0.0% 20-24

Debt

€921k

-5.9% 20-24

Debt ≤ 1y

€152k

+3.2% 20-24

Debt > 1y

€769k

-7.6% 20-24

Current ratio

1.05

-4.1% 20-24

Quick ratio

0.26

-2.8% 20-24

Solvency

5.0%

+72.1% 20-24

Debt / equity

18.91

-43.1% 20-24

ROE

39.6%

-48.1% 20-24

ROA

2.0%

-10.6% 20-24

Net margin

-9.6%

- 20-24

EBITDA margin

2.5%

- 20-24

Interest coverage

2.49

-18.7% 20-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021	2020
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	€650k	-	-
EBITDA	€108k	€137k	€16k	€94k	€104k
Net profit	€19k	€22k	€-62k	€25k	€21k
Cash flow	€62k	€92k	€-77	€76k	€70k
Staff costs	€268k	€253k	€144k	€81k	-
Income taxes	€3k	-	-	€11k	€2k
Dividends	-	-	-	€2k	€2k
Total assets	€970k	€1.01M	€1.13M	€246k	€269k
Equity	€49k	€29k	€7k	€69k	€46k
Debt	€921k	€979k	€1.13M	€177k	€223k
of which ≤ 1y	€152k	€147k	€194k	€81k	€65k
of which > 1y	€769k	€832k	€931k	€96k	€157k
Working capital	€8k	€15k	€22k	€25k	€36k
Employees (FTE)	6.5	6.0	3.8	2.7	2.1

Ratios (computed)

	2024	2023	2022	2021	2020
Current ratio	1.05	1.10	1.11	1.31	1.55
Quick ratio	0.26	0.27	0.43	0.61	0.82
Working capital ratio	0.8%	1.4%	1.9%	10.1%	13.3%
Solvency	5.0%	2.9%	0.6%	28.2%	17.3%
Debt / equity	18.91	33.26	160.43	2.55	3.39
Long-term debt ratio	15.79	28.27	132.73	1.38	3.39
Interest coverage	2.49	3.06	1.00	11.55	-
Gross margin	-	-	25.4%	-	-
Net margin	-	-	-9.6%	-	-
ROA	2.0%	2.2%	-5.5%	10.0%	7.6%
ROE	39.6%	76.2%	-888.8%	35.3%	44.2%
EBITDA margin	-	-	2.5%	-	-
Days sales outstanding	-	-	16d	-	-
Days payable outstanding	-	-	65d	-	-
Inventory turnover	-	-	3.68	-	-
Days inventory (DSI)	-	-	99d	-	-

Balance-sheet composition 2024

Assets

Fixed assets €810k · 83.5% Current assets €160k · 16.5%

Equity & liabilities

Equity €49k · 5.0% Debt €921k · 95.0%

Full annual accounts (27 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€970k	€1.01M	€1.13M	€246k	€269k
Fixed assets	21/28	€810k	€847k	€916k	€140k	€168k
Intangible fixed assets	21	-	-	-	€0	-
Tangible fixed assets	22/27	€808k	€845k	€914k	€139k	€168k
Financial fixed assets	28	€2k	€2k	€2k	€2k	€240
Current assets	29/58	€160k	€161k	€216k	€106k	€101k
Stocks & contracts in progress	3	€120k	€122k	€132k	€56k	€48k
Amounts receivable within one year	40/41	€26k	€26k	€71k	€23k	€18k
Cash & bank	54/58	€14k	€10k	€14k	€26k	€36k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€970k	€1.01M	€1.13M	€246k	€269k
Equity	10/15	€49k	€29k	€7k	€69k	€46k
Contributions / capital	10/11	€28k	€28k	€25k	€25k	€25k
Reserves	13	€42k	€42k	€44k	€44k	€21k
Accumulated profits (losses)	14	€-21k	€-40k	€-62k	-	€-44k
Amounts payable	17/49	€921k	€979k	€1.13M	€177k	€223k
Amounts payable after one year	17	€769k	€832k	€931k	€96k	€157k
Amounts payable within one year	42/48	€152k	€147k	€194k	€81k	€65k
Trade debts payable within one year	44	€50k	€41k	€87k	€20k	€11k
Income statement
Turnover	70	-	-	€650k	-	-
Gross operating margin	9900	€388k	€400k	€165k	€183k	€171k
Operating result	9901	€65k	€67k	€-46k	€43k	€55k
Financial income	75	-	€100	-	€119	-
Financial charges	65	€44k	€45k	€16k	€8k	€9k
Result before taxes	9903	€22k	€22k	€-62k	€35k	€46k
Income taxes	67/77	€3k	-	-	€11k	€2k
Net result for the period	9904	€19k	€22k	€-62k	€25k	€44k
Result to be appropriated	9905	€19k	€22k	€-62k	€25k	€44k

Directors & mandates 2 directors

Former directors (2)

Carine DELFOSSE
Director
State Gazette act 23430785 (21-11-2023)

Former
- → 21-11-2023
Pierre JACQUEMIN
Director
State Gazette act 23430785 (21-11-2023)

Former
- → 21-11-2023

Legal Structure

NACE primary	Landscape service activities(81300)
Legal form	Private limited company(610)
Incorporation	10-05-2004
Status	Active
Postal code	1380

Establishment units 2 locations

NARA

Chaussée de Louvain 423, 1380 LasneOther manufacturing not elsewhere classified

since 20042.137.567.719

NARA

Zoniënwoudlaan 56, 1640 Sint-Genesius-RodeOther manufacturing not elsewhere classified

since 20222.335.136.626

Real-estate footprint Source: CBE × cadastre

Flanders 1 (50%) Wallonia 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25076F0006/00Z005	Wallonia	3,013 m²	1 · 293 m²	7.1 m · 2 fl.
22004C0706/00N002	Flanders	1,066 m²	1 · 467 m²	15.6 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

2025

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Back to profitnet €22k

Net result €22k after one loss-making year.

21-11

State Gazette act Director changes

Stéphanie Laudert

22-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 83 days late

2022

31-12

Financial Weakest financial yearnet €-62k ▼354%

Net result drops to €-62k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Highest result since 2020net €25k ▲19.3%

Net result €25k, the highest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

28-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 59 days late

2019

23-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 59 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 60 days late

2016

24-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 24 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

21-11-2023 2 resigning, 2 reappointed Director changes·Stéphanie Laudert

Pierre JACQUEMIN, Bestuurder
Carine DELFOSSE, Bestuurder
Pierre JACQUEMIN, Bestuurder
Carine DELFOSSE, Bestuurder

Notary: Stéphanie Laudert · Walhain

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Raising of dairy cattle01410Retail sale of flowers, plants, seeds and fertilisers47761Landscape service activities81300Construction of roads and motorways42110Laying of wooden floor and wall coverings433324523045432Agents in the wholesale of timber and building materials46130Activities of building architects71111Photography, excluding press photography74201

Names & trade names

Legal nameFR

NARA

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