NARCOM
Annual accounts 2025
micro format, filed on 14-07-2026, 17 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €235,154 on 31-12-2025in euro
in euro
Position in the sector
28.3%
Higher than 35% of 9,435 companies in 2025.
4.19
Higher than 84% of 9,183 companies in 2025.
1.7%
Higher than 33% of 9,255 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
235,154 | 71,129 | 74,583 | 71,794 | 64,450 | 66,994 | 56,041 | 38,968 | 14,472 | |
21/28 |
10,819 | 9,176 | 16,647 | 24,748 | 27,975 | 32,626 | 8,074 | 6,754 | 3,600 | |
21 |
84 | 184 | 284 | 384 | 484 | - | - | 0 | - | |
22/27 |
9,160 | 7,417 | 14,787 | 22,789 | 25,916 | 31,751 | 7,899 | 6,579 | 3,600 | |
23 |
1,831 | 1,254 | 3,219 | 5,450 | 3,427 | 2,611 | 4,499 | 2,145 | 600 | |
24 |
7,329 | 3,029 | 3,863 | 5,210 | 6,080 | 8,590 | 3,400 | 4,433 | 3,000 | |
25 |
- | 3,133 | 7,705 | 12,129 | 16,409 | - | - | - | - | |
28 |
1,575 | 1,575 | 1,575 | 1,575 | 1,575 | 875 | 175 | 175 | - | |
29/58 |
224,335 | 61,954 | 57,937 | 47,046 | 36,475 | 34,368 | 47,968 | 32,214 | 10,872 | |
3 |
198,315 | - | - | - | - | - | - | - | - | |
30/36 |
198,315 | - | - | - | - | - | - | - | - | |
40/41 |
21,636 | 35,473 | 41,417 | 38,010 | 11,377 | 29,089 | 5,147 | 7,150 | 210 | |
40 |
10,050 | 12,261 | 22,767 | 24,873 | 2,045 | 12,437 | - | 241 | - | |
41 |
11,586 | 23,212 | 18,650 | 13,137 | 9,332 | 16,653 | 5,147 | 6,909 | 210 | |
54/58 |
1,495 | 24,715 | 13,749 | 8,362 | 24,439 | 4,259 | 42,148 | 25,064 | 10,662 | |
490/1 |
2,888 | 1,765 | 2,770 | 675 | 659 | 1,020 | 673 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
235,154 | 71,129 | 74,583 | 71,794 | 64,450 | 66,994 | 56,041 | 38,968 | 14,472 | |
10/15 |
66,552 | 62,487 | 56,170 | 46,976 | 44,571 | 33,886 | 42,317 | 29,901 | 6,266 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 60 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 60 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
14 |
46,092 | 42,027 | 35,710 | 26,516 | 24,111 | 13,426 | 21,857 | 9,441 | 6 | |
17/49 |
168,602 | 8,642 | 18,413 | 24,818 | 19,879 | 33,108 | 13,725 | 9,067 | 8,206 | |
17 |
115,056 | - | 3,133 | 7,827 | 12,128 | 16,409 | - | - | - | |
170/4 |
115,056 | - | 3,133 | 7,827 | 12,128 | 16,409 | - | - | - | |
42/48 |
53,546 | 8,642 | 15,280 | 16,991 | 7,751 | 16,699 | 13,725 | 9,067 | 8,206 | |
42 |
3,944 | 3,520 | 4,572 | 4,424 | 4,280 | 4,142 | - | - | - | |
44 |
27,323 | 34 | 8,334 | 8,874 | 539 | 8,066 | 663 | - | 7,441 | |
440/4 |
27,323 | 34 | 8,334 | 8,874 | 539 | 8,066 | 663 | - | 7,441 | |
45 |
5,724 | 5,088 | 2,374 | 3,694 | 2,931 | 4,492 | 13,061 | 9,067 | 22 | |
450/3 |
5,724 | 5,088 | 2,374 | 3,694 | 2,931 | 4,492 | 13,061 | 9,067 | 22 | |
47/48 |
16,555 | - | - | - | - | - | - | - | 743 | |
| Income statement | ||||||||||
70 |
- | - | - | - | - | - | - | 357,319 | 20,000 | |
9900 |
16,891 | 17,073 | 20,387 | 12,148 | 25,525 | -6,154 | 25,728 | 61,304 | 1,913 | |
60/61 |
- | - | - | - | - | - | - | 296,015 | 18,087 | |
62 |
- | - | - | - | - | - | - | 24,300 | - | |
630 |
5,370 | 7,471 | 8,694 | 8,343 | 8,687 | 7,376 | 6,944 | 4,189 | 1,800 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | |
635/8 |
- | - | - | - | - | - | - | 0 | - | |
640/8 |
3,374 | 763 | 704 | 731 | 2,050 | 816 | 294 | 102 | - | |
649 |
- | - | - | - | - | - | - | 0 | - | |
66A |
- | - | - | - | - | - | - | 0 | - | |
9901 |
8,147 | 8,840 | 10,988 | 3,075 | 14,788 | -14,346 | 18,489 | 32,713 | 113 | |
75/76B |
3 | 44 | 4 | 88 | 34 | 25 | 6 | - | - | |
75 |
3 | 44 | 4 | 88 | 34 | 25 | 6 | - | - | |
65/66B |
2,834 | 910 | 721 | 521 | 864 | 501 | 121 | 33 | 25 | |
65 |
2,834 | 910 | 721 | 521 | 864 | 501 | 121 | 33 | 25 | |
9903 |
5,317 | 7,974 | 10,271 | 2,641 | 13,958 | -14,822 | 18,374 | 32,679 | 88 | |
67/77 |
1,252 | 1,657 | 1,076 | 237 | 3,273 | -6,392 | 5,959 | 9,045 | 22 | |
9904 |
4,065 | 6,317 | 9,195 | 2,405 | 10,684 | -8,430 | 12,415 | 23,635 | 66 | |
9905 |
4,065 | 6,317 | 9,195 | 2,405 | 10,684 | -8,430 | 12,415 | 23,635 | 66 | |
| Appropriation of the result | ||||||||||
9906 |
46,092 | 42,027 | 35,710 | 26,516 | 24,111 | 13,426 | 21,857 | 23,641 | 66 | |
14P |
42,027 | 35,710 | 26,516 | 24,111 | 13,426 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 14,200 | 60 | |
691 |
- | - | - | - | - | - | - | 12,400 | - | |
6920 |
- | - | - | - | - | - | - | 1,800 | 60 | |
| Document | ||||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-07-2026 | 2026-00297404 | |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00284651 | |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00213616 | |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00246901 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20126580 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43400229 | |
| 31-12-2019 | micro format | 13-07-2020 | 2020-30900263 | |
| 31-12-2018 | full format | 18-06-2019 | 2019-20600276 | |
| 31-12-2017 | micro format | 06-12-2019 | 2019-75500593 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 13,518 | 16,311 | 19,682 | 11,418 | 23,475 | -6,970 | 25,433 | 36,902 | 1,913 | ||
| 9,435 | 13,788 | 17,889 | 10,748 | 19,371 | -1,054 | 19,359 | 27,824 | 1,866 | ||
| 7,014 | 0 | 593 | 5,116 | 4,802 | 31,929 | 8,264 | 7,343 | 5,400 | ||
| -23,220 | 10,966 | 5,388 | -16,077 | 20,180 | -37,890 | 17,084 | 14,402 | - | ||
| 170,789 | 53,312 | 42,657 | 30,055 | 28,724 | 17,669 | 34,243 | 23,147 | 2,666 | ||
| - | - | - | - | - | - | - | 9.2% | 0.6% | ||
| 28.3% | 87.9% | 75.3% | 65.4% | 69.2% | 50.6% | 75.5% | 76.7% | 43.3% | ||
| 4.19 | 7.17 | 3.79 | 2.77 | 4.71 | 2.06 | 3.50 | 3.55 | 1.32 | ||
| 0.49 | 7.17 | 3.79 | 2.77 | 4.71 | 2.06 | 3.50 | 3.55 | 1.32 | ||
| 2.53 | 0.14 | 0.33 | 0.53 | 0.45 | 0.98 | 0.32 | 0.30 | 1.31 | ||
| 6.1% | 10.1% | 16.4% | 5.1% | 24.0% | -24.9% | 29.3% | 79.0% | 1.1% | ||
| 1.7% | 8.9% | 12.3% | 3.3% | 16.6% | -12.6% | 22.2% | 60.7% | 0.5% | ||
| 4.77 | 17.92 | 27.30 | 21.93 | 27.16 | - | - | - | - | ||
| - | - | - | - | - | - | - | 0 days | 4 days | ||
| - | - | - | - | - | - | - | - | 150 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,014 | - | €593 | €5,116 | €3,602 |
| Intangible fixed assets | - | - | - | - | €500 |
| Financial fixed assets | - | - | - | - | €700 |
| €5,370 | €7,471 | €8,694 | €8,343 | €8,687 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NARCOM
The operating result for 2025 is 8% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 12.1% to 71.7%. Equity and debt are higher.