Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Narcis World is 1.3% (low). The 2025 annual accounts show negative equity (€-89k) and a net result of €-10k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 72 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2025How 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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -13.6% | 32.6% | |
| Net result | €-10k | €11k | |
| Equity | €-89k | €37k | |
| Gross operating margin | €233 | €36k | |
| Total assets | €656k | €201k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €-536 |
| Net profit | €-10k |
| Cash flow | €13k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €656k |
| Equity | €-89k |
| Debt | €745k |
| of which ≤ 1y | €741k |
| of which > 1y | - |
| Working capital | €-132k |
| Employees (FTE) | 0.0 |
| 2025 | |
|---|---|
| Current ratio | 0.82 |
| Quick ratio | 0.50 |
| Working capital ratio | -20.1% |
| Solvency | -13.6% |
| Debt / equity | -8.38 |
| Long-term debt ratio | - |
| Interest coverage | -0.64 |
| Gross margin | - |
| Net margin | - |
| ROA | -1.6% |
| ROE | 11.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €656k |
| Fixed assets | 21/28 | €46k |
| Intangible fixed assets | 21 | €46k |
| Current assets | 29/58 | €610k |
| Stocks & contracts in progress | 3 | €241k |
| Amounts receivable within one year | 40/41 | €312k |
| Cash & bank | 54/58 | €41k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €656k |
| Equity | 10/15 | €-89k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €-90k |
| Amounts payable | 17/49 | €745k |
| Amounts payable within one year | 42/48 | €741k |
| Trade debts payable within one year | 44 | €17k |
| Income statement | ||
| Gross operating margin | 9900 | €233 |
| Operating result | 9901 | €-24k |
| Financial income | 75 | €15k |
| Financial charges | 65 | €832 |
| Result before taxes | 9903 | €-10k |
| Net result for the period | 9904 | €-10k |
| Result to be appropriated | 9905 | €-10k |
Health barometer
FY 2025 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0705/00B000 | Flanders | 1,011 m² | 1 · 664 m² | 19.4 m · 5 fl. |
Analysis
Snowflake analysis
financial profile on 5 axesMixed profile: strong on stability, weaker on health.
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
AI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | Narcis World |