NARCOM
ActiveNARCOM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €4k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 7332 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-19
Solvency53▼-47
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 4.19 against 7.17 in 2024; short-term debt: 22.8% and cash: 0.6% of total assets), but 71.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
28.3%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
17 d early
2024
13 d early
2023
27 d early
2022
19 d early
2021
31 d early
2020
1 d early
2019
18 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€357k
EBIT margin
9.2%
Net result
€4k▼ 35.7%
2024 · €6k
2018: €24k
2019: €12k
2020: €-8k
2021: €11k
2022: €2k
2023: €9k
2024: €6k
2018 → 2025
Working capital
€171k▲ 220%
2024 · €53k
2018: €23k
2019: €34k
2020: €18k
2021: €29k
2022: €30k
2023: €43k
2024: €53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€47k▲ 5.4%€56k▲ 19.6%€62k▲ 11.2%€67k▲ 6.5%
Operating result€15k-€3k▼ 79.2%€11k▲ 257%€9k▼ 19.5%€8k▼ 7.8%
Net result€11k-€2k▼ 77.5%€9k▲ 282%€6k▼ 31.3%€4k▼ 35.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€11k▲ 17.9%
Current assets
€224k▲ 262%
Equity and liabilities €235k
Equity
€67k▲ 6.5%
Debt
€169k▲ 1,851%
The debt ratio rises from 12.1% to 71.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▼
2024 · €16k
Cash flow
€9k▼
2024 · €14k
Solvency
28.3%▼
2024 · 87.9%
Current ratio
4.19▼
2024 · 7.17
Quick ratio
0.49▼
2024 · 7.17
Debt / equity
2.53▲
2024 · 0.14
ROE
6.1%▼
2024 · 10.1%
ROA
1.7%▼
2024 · 8.9%
Interest coverage
4.77▼
2024 · 17.92
Debt
€169k▲
2024 · €9k
Debt ≤ 1 year
€54k▲
2024 · €9k
Debt > 1 year
€115k
Income taxes
€1k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€71k€235k▲
Fixed assets21/28€9k€11k▲
Intangible fixed assets21€184€84▼
Tangible fixed assets22/27€7k€9k▲
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€3k€7k▲
Leasing and similar rights25€3k-
Financial fixed assets28€2k€2k=
Current assets29/58€62k€224k▲
Stocks and contracts in progress3-€198k
Stocks30/36-€198k
Amounts receivable within one year40/41€35k€22k▼
Trade receivables40€12k€10k▼
Other amounts receivable41€23k€12k▼
Cash at bank and in hand54/58€25k€1k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€71k€235k▲
Equity10/15€62k€67k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€42k€46k▲
Amounts payable17/49€9k€169k▲
Amounts payable after more than one year17-€115k
Financial debts170/4-€115k
Amounts payable within one year42/48€9k€54k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€34€27k▲
Suppliers440/4€34€27k▲
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€5k€6k▲
Other amounts payable47/48-€17k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€763€3k▲
Gross operating margin9900€17k€17k▼
Operating profit (loss)9901€9k€8k▼
Financial income75/76B€44€3▼
Recurring financial income75€44€3▼
Financial charges65/66B€910€3k▲
Recurring financial charges65€910€3k▲
Profit (loss) for the period before taxes9903€8k€5k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€6k€4k▼
Profit (loss) for the period to be appropriated9905€6k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€46k▲
Profit (loss) brought forward from the previous period14P€36k€42k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.71
Current ratio from 2.06 to 4.71; short-term debt falls from €17k to €8k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-8k ▼168%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 493 days late
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Pieters-Leeuw · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergensesteenweg 241600 Sint-Pieters-LeeuwGround area
2,521 m²
Building footprint
457 m²
Volume, LiDAR
3,598 m³
2 parcels, Flanders, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Narcom
since 20172.270.555.214
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 25071C0833/00D000 | Wallonia | 883 m² | 1 · 59 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
MS RENOV-CONSTRUCT
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SANRO
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DIXART
BE 0804.901.446
Lasne · Eq €67k
PRORENOV
BE 0897.899.405
Ans · Eq €67k
ENTREPRISE CONSTRUCT
BE 0504.948.940
Ukkel · Eq €67k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,038. 13,215 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43410Roofing work
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:ngiuroiu@yahoo.com
Phone:0471175846