NARCOL
Dissolution or liquidationSignals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 25-03-2021, 53 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 · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
53 d late
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
Financials · fiscal year 2020, full schema
Turnover
€932,077▼ 45.4%
2019 · €1.7m
EBIT margin
-12.3%▼ 12.8pp
2019 · 0.5%
Net result
-€73,109
2019 · €265,459
Working capital
-€2.6m▼ 2.9%
2019 · -€2.5m
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Turnover€1.7m-€932,077▼ 45.4%
Operating result€8,562--€114,870
Net result€265,459--€73,109
EBIT margin0.5%--12.3%▼ 12.8pp
Equity-€2.5m--€2.5m▼ 3.0%
Total assets€1.8m-€1.4m▼ 25.4%
Debt€4.3m-€3.9m▼ 9.2%
Working capital-€2.5m--€2.6m▼ 2.9%
Staff (FTE)4.7-
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €114,870 after €8,562 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.4m
Fixed assets
€19,981 =
Current assets
€1.4m ▼ 25.6%
Equity and liabilities
Equity-€2.5m
Debt€3.9m
Equity is negative: debt (€3.9m) exceeds the balance-sheet total (€1.4m).
Key figures and ratios
Solvency
-183.8%▼
2019 · -133.2%
Current ratio
0.35▼
2019 · 0.42
ROA
-5.3%▼
2019 · 14.4%
Debt ≤ 1 year
€3.9m▼
2019 · €4.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €1.7m | €932,077 | ▼ 45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €972 | - | - |
| Gross operating margin9900 | €223,092 | -€69,219 | ▼ 131% |
| Operating profit (loss)9901 | €8,562 | -€114,870 | ▼ 1,442% |
| Recurring financial income75 | €433,816 | €230,997 | ▼ 46.8% |
| Recurring financial charges65 | €176,526 | €189,235 | ▲ 7.2% |
| Profit (loss) for the period before taxes9903 | €265,851 | -€73,109 | ▼ 127% |
| Income taxes67/77 | €392 | - | - |
| Profit (loss) for the period9904 | €265,459 | -€73,109 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €265,459 | -€73,109 | ▼ 128% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.8m | €1.4m | ▼ 25.4% |
| Fixed assets21/28 | €19,981 | €19,981 | = |
| Financial fixed assets28 | €19,981 | €19,981 | = |
| Current assets29/58 | €1.8m | €1.4m | ▼ 25.6% |
| Stocks and contracts in progress3 | €52 | - | - |
| Amounts receivable within one year40/41 | €1.8m | €1.3m | ▼ 30.1% |
| Cash at bank and in hand54/58 | €22,755 | €35,976 | ▲ 58.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.8m | €1.4m | ▼ 25.4% |
| Equity10/15 | -€2.5m | -€2.5m | ▼ 3.0% |
| Contributions10/11 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€2.5m | -€2.6m | ▼ 2.9% |
| Amounts payable17/49 | €4.3m | €3.9m | ▼ 9.2% |
| Amounts payable within one year42/48 | €4.3m | €3.9m | ▼ 9.2% |
| Trade debts44 | €3.5m | €3.2m | ▼ 9.1% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €265,459 | -€73,109 | ▼ 128% |
| + Depreciation and write-downs630 | €972 | - | - |
| Operating cash flow (approximation) | €266,431 | -€73,109 | ▼ 127% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €13,222 | - |
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
2025
01-04
KBO administration
Late accounts filing
event 19-03-2025
2021
07-06
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise du Hainaut, division Charleroi · liquidator: Philippe-Robert Schreder · event 31-05-2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 53 days late
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 281 days late
2018
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 13 days late
2015
08-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalNBB filing
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Courcelles · 1 establishment unit since 2014
Ground area
9,168 m²
Building footprint
2,420 m²
Volume, LiDAR
14,308 m³
Parcel 52322A0144/00G005, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NARCOL
since 20142.226.336.377
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322A0144/00G005 | Wallonia | 9,168 m² | 1 · 2,420 m² | 7.8 m · 2 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.
Company details
Identification
Legal formPublic limited company
Founded21-01-2014
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.