NARF
ActiveNARF has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-26k) and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 16922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
15
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€26k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
39 d late
2023
8 d early
2022
21 d late
2021
18 d early
2020
82 d late
2019
48 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-26k▼ 43.9%
2024 · €-18k
2018: €77k
2019: €56k
2020: €3k
2021: €2k
2022: €2k
2023: €-4k
2024: €-18k
2018 → 2025
Total assets
€3k▼ 16.5%
2024 · €4k
2018: €261k
2019: €215k
2020: €5k
2021: €5k
2022: €14k
2023: €12k
2024: €4k
2018 → 2025
Net result
€-8k▲ 43.0%
2024 · €-14k
2018: €19k
2019: €-21k
2020: €-53k
2021: €-1k
2022: €21k
2023: €-6k
2024: €-14k
2018 → 2025
Working capital
€-26k▼ 37.4%
2024 · €-19k
2018: €99k
2019: €75k
2020: €1k
2021: €781
2022: €-3k
2023: €-7k
2024: €-19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€2k▲ 12.4%€-4k€-18k▼ 333%€-26k▼ 43.9%
Operating result€558-€21k▲ 3,751%€-5k€-12k▼ 142%€-8k▲ 38.2%
Net result€-1k-€21k€-6k€-14k▼ 133%€-8k▲ 43.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €12k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3k
Fixed assets
€157▼ 83.9%
Current assets
€3k▲ 6.9%
Key figures and ratios
EBITDA
€-7k▲
2024 · €-10k
Cash flow
€-7k▲
2024 · €-12k
Interest coverage
-24.13▼
2024 · -18.37
Debt
€29k▲
2024 · €22k
Debt ≤ 1 year
€29k▲
2024 · €22k
Income taxes
€190▼
2024 · €1k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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€4k€3k▼
Fixed assets21/28€977€157▼
Tangible fixed assets22/27€977€157▼
Plant, machinery and equipment23€177€157▼
Furniture and vehicles24€801-
Current assets29/58€3k€3k▲
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40-€211
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€690€15▼
Equity and liabilities
Total equity and liabilities10/49€4k€3k▼
Equity10/15€-18k€-26k▼
Profit (loss) carried forward14€-18k€-26k▼
Amounts payable17/49€22k€29k▲
Amounts payable within one year42/48€22k€29k▲
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€440€606▲
Suppliers440/4€440€606▲
Taxes, remuneration and social security45€379€393▲
Taxes450/3€379€393▲
Other amounts payable47/48€21k€28k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€820▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-9k€-5k▲
Operating profit (loss)9901€-12k€-8k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€556€278▼
Recurring financial charges65€556€278▼
Profit (loss) for the period before taxes9903€-13k€-8k▲
Income taxes67/77€1k€190▼
Profit (loss) for the period9904€-14k€-8k▲
Profit (loss) for the period to be appropriated9905€-14k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-26k▼
Profit (loss) brought forward from the previous period14P€-4k€-18k▼
The notes to these accounts (3 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after 3 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
2020
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 308 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2022
DUYTSCHAEVER Sven
CurrentDirector · since 22-09-2022
22-09-2022
Appointed as Director
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2002
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.
Laudinnestraat 661602 Sint-Pieters-LeeuwGround area
245 m²
Building footprint
211 m²
Volume, LiDAR
1,581 m³
Parcel 23089D0280/00F000, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Laudinnestraat 66, 1602 Sint-Pieters-Leeuw
since 20022.095.875.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23089D0280/00F000 | Flanders | 245 m² | 1 · 211 m² | 13.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
FINEST VENTURES
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BE 0680.482.615
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Camor Consulting
BE 0794.623.901
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DEEDL
BE 0642.870.666
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AxiBel
BE 0459.446.141
Elsene · Eq €2k
Of 29,885 companies in sector 62200 we hold annual accounts for 18,321. 2,702 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2001
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.