NARDUS
ActiveSummary
NARDUS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €205,385 and a net result of €61,583. Equity is growing by ~39.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 5.59 against 8.73 in 2024; short-term debt: 16.9% and cash: 75.3% of total assets), and 17.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
82.8%
Return on assets
24.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
47 d early
2024
46 d early
2023
43 d early
2022
46 d early
2021
41 d early
2020
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 16 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€205,385▲ 18.2%
2024 · €173,803
Total assets
€248,167▲ 20.9%
2024 · €205,259
Net result
€61,583▲ 32.7%
2024 · €46,408
Working capital
€192,607▲ 17.9%
2024 · €163,346
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,958▲ 111%€33,716▼ 33.8%€43,002▲ 27.5%€58,598▲ 36.3%€80,471▲ 37.3%
Net result€40,571above the sector's middle half▲ 113%€28,782within the sector's middle half▼ 29.1%€34,000within the sector's middle half▲ 18.1%€46,408above the sector's middle half▲ 36.5%€61,583above the sector's middle half▲ 32.7%
Equity€64,613within the sector's middle half▲ 169%€93,395within the sector's middle half▲ 44.5%€127,395within the sector's middle half▲ 36.4%€173,803above the sector's middle half▲ 36.4%€205,385above the sector's middle half▲ 18.2%
Total assets€73,545within the sector's middle half▲ 119%€141,761within the sector's middle half▲ 92.8%€165,747within the sector's middle half▲ 16.9%€205,259within the sector's middle half▲ 23.8%€248,167within the sector's middle half▲ 20.9%
Debt€8,932▼ 5.8%€48,366▲ 441%€38,352▼ 20.7%€31,456▼ 18.0%€42,781▲ 36.0%
Working capital€58,293within the sector's middle half▲ 142%€81,604within the sector's middle half▲ 40.0%€116,314above the sector's middle half▲ 42.5%€163,346above the sector's middle half▲ 40.4%€192,607above the sector's middle half▲ 17.9%
Solvency87.9%above the sector's middle half▲ 16.1pp65.9%within the sector's middle half▼ 22.0pp76.9%above the sector's middle half▲ 11.0pp84.7%above the sector's middle half▲ 7.8pp82.8%above the sector's middle half▼ 1.9pp
Current ratio7.53above the sector's middle half▲ 3.995.24above the sector's middle half▼ 2.287.26above the sector's middle half▲ 2.028.73above the sector's middle half▲ 1.475.59above the sector's middle half▼ 3.14
Return on assets (ROA)55.2%above the sector's middle half▼ 1.6pp20.3%within the sector's middle half▼ 34.9pp20.5%within the sector's middle half▲ 0.2pp22.6%within the sector's middle half▲ 2.1pp24.8%within the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248,167
Fixed assets
€13,577 ▼ 34.7%
Current assets
€234,590 ▲ 27.2%
Equity and liabilities €248,167
Equity
€205,385 ▲ 18.2%
Debt
€42,781 ▲ 36.0%
Debt's share of the balance-sheet total rises from 15.3% to 17.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90,801▲
2024 · €68,669
Cash flow
€71,913▲
2024 · €56,479
Debt to equity
0.21▲
2024 · 0.18
ROE
30.0%▲
2024 · 26.7%
Interest coverage
35.49▼
2024 · 173.41
Debt ≤ 1 year
€41,983▲
2024 · €21,125
Debt > 1 year
€798▼
2024 · €10,331
Income taxes
€16,330▲
2024 · €11,794
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,567 | €9,173 | €10,072 | €10,071 | €10,330 | ▲ 2.6% |
| Other operating charges640/8 | - | €727 | €1,267 | €786 | €1,009 | ▲ 28.4% |
| Non-recurring operating charges66A | - | €64 | - | - | - | - |
| Gross operating margin9900 | €53,620 | €43,680 | €54,341 | €69,455 | €91,811 | ▲ 32.2% |
| Operating profit (loss)9901 | €50,958 | €33,716 | €43,002 | €58,598 | €80,471 | ▲ 37.3% |
| Financial charges65/66B | - | €435 | €35 | €396 | €2,558 | ▲ 546% |
| Recurring financial charges65 | €145 | €435 | €35 | €396 | €2,558 | ▲ 546% |
| Profit (loss) for the period before taxes9903 | €50,813 | €33,281 | €42,967 | €58,202 | €77,913 | ▲ 33.9% |
| Income taxes67/77 | €10,242 | €4,499 | €8,967 | €11,794 | €16,330 | ▲ 38.5% |
| Profit (loss) for the period9904 | €40,571 | €28,782 | €34,000 | €46,408 | €61,583 | ▲ 32.7% |
| Profit (loss) for the period to be appropriated9905 | €40,571 | €28,782 | €34,000 | €46,408 | €61,583 | ▲ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,545 | €141,761 | €165,747 | €205,259 | €248,167 | ▲ 20.9% |
| Fixed assets21/28 | €6,320 | €40,931 | €30,859 | €20,788 | €13,577 | ▼ 34.7% |
| Tangible fixed assets22/27 | €6,320 | €40,931 | €30,859 | €20,788 | €13,572 | ▼ 34.7% |
| Plant, machinery and equipment23 | - | - | - | - | €2,856 | - |
| Furniture and vehicles24 | - | €2,554 | €1,852 | €1,150 | €448 | ▼ 61.0% |
| Leasing and similar rights25 | - | €38,377 | €29,007 | €19,638 | €10,268 | ▼ 47.7% |
| Financial fixed assets28 | - | - | - | - | €5 | - |
| Current assets29/58 | €67,225 | €100,830 | €134,888 | €184,471 | €234,590 | ▲ 27.2% |
| Amounts receivable within one year40/41 | €10,833 | €10,576 | €31,283 | €41,408 | €45,545 | ▲ 10.0% |
| Trade receivables40 | - | €9,075 | €30,250 | €41,408 | €45,375 | ▲ 9.6% |
| Other amounts receivable41 | - | €1,501 | €1,033 | - | €170 | - |
| Cash at bank and in hand54/58 | €56,200 | €89,077 | €102,257 | €141,632 | €186,884 | ▲ 32.0% |
| Deferred charges and accrued income490/1 | - | €1,177 | €1,348 | €1,431 | €2,161 | ▲ 51.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,545 | €141,761 | €165,747 | €205,259 | €248,167 | ▲ 20.9% |
| Equity10/15 | €64,613 | €93,395 | €127,395 | €173,803 | €205,385 | ▲ 18.2% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €59,613 | €88,395 | €122,395 | €168,803 | €200,385 | ▲ 18.7% |
| Amounts payable17/49 | €8,932 | €48,366 | €38,352 | €31,456 | €42,781 | ▲ 36.0% |
| Amounts payable after more than one year17 | - | €29,140 | €19,778 | €10,331 | €798 | ▼ 92.3% |
| Financial debts170/4 | - | €29,140 | €19,778 | €10,331 | €798 | ▼ 92.3% |
| Amounts payable within one year42/48 | €8,932 | €19,226 | €18,574 | €21,125 | €41,983 | ▲ 98.7% |
| Current portion of amounts payable after more than one year42 | - | €9,277 | €9,362 | €9,447 | €9,533 | ▲ 0.9% |
| Trade debts44 | €1,130 | €1,940 | €2,689 | €1,764 | €4,024 | ▲ 128% |
| Suppliers440/4 | - | €1,940 | €2,689 | €1,764 | €4,024 | ▲ 128% |
| Taxes, remuneration and social security45 | - | €2,156 | €126 | €3,738 | €2,477 | ▼ 33.7% |
| Taxes450/3 | - | €2,156 | €126 | €3,738 | €2,477 | ▼ 33.7% |
| Other amounts payable47/48 | - | €5,853 | €6,397 | €6,176 | €25,949 | ▲ 320% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,571 | €28,782 | €34,000 | €46,408 | €61,583 | ▲ 32.7% |
| + Depreciation and write-downs630 | €2,567 | €9,173 | €10,072 | €10,071 | €10,330 | ▲ 2.6% |
| Operating cash flow (approximation) | €43,138 | €37,955 | €44,072 | €56,479 | €71,913 | ▲ 27.3% |
| Investment in fixed assets (approximation) | - | -€43,784 | €0 | €0 | -€3,119 | - |
| Change in cash | - | €32,877 | €13,180 | €39,375 | €45,252 | ▲ 14.9% |
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
Next filing, fiscal year 2026, expected by
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2020net €61,583 ▲32.7%
Operating result €80,471, net result €61,583, both a record.
30-06
Financial
Equity above €200,000Eq €205,385 ▲18.2%
6 profitable years in a row build equity to €205,385.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €150,000Eq €173,803 ▲36.4%
5 profitable years in a row build equity to €173,803.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €100,000Eq €127,395 ▲36.4%
4 profitable years in a row build equity to €127,395.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 7.53
Current ratio from 3.54 to 7.53; short-term debt falls from €9,480 to €8,932.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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-Gillis-Waas · 1 establishment unit since 2019
Ground area
2,479 m²
Parcel 46022B0986/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
NARDUS
since 20192.291.284.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022B0986/00B000 | Flanders | 2,479 m² | - | - |
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.
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Of 1,758 companies in sector 71122 we hold annual accounts for 771. 641 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-07-2019
Fiscal year end30-06
Activities, NACEBEL 2025
71122Land surveying
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730680016
Also
9925:BE0730680016
Registered
20-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.