Summary
NARPEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22,492 and a net result of €3,822. Its solvency ranks better than 52% of 9,732 sector peers (NACE 64, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
≈ €28,000turnover 2025, estimated
- Equity
- €22,492
- Profit
- €3,822
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- DE BRABANT Joost Cyriel ValèreDirector
- DERYCKERE Nancy Ivona AngèleDirector
- DE BRABANT ArnaudDirector
2025 accounts 30 days early
Signalsraises riskYoung companyneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
raises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 01-07-2026, 30 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
30 days early
2024
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 38 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
- Appointment: Arnaud De Brabant (director)Power of attorney
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Equity
€22,492▲ 20.5%
2024 · €18,671
Net result
€3,822▼ 72.0%
2024 · €13,671
Total assets
€42,361▼ 1.5%
2024 · €43,017
Solvency
53.1%▲ 9.7pp
2024 · 43.4%
Trend over the years
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 71% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€4,904
2025
Net result€3,822
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€42,361
2025
Equity€22,492
2025
Debt€19,869
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€19,566
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency53.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.98
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€17,204-€4,904▼ 71.5%
Net result€13,671within the sector's middle half-€3,822below the sector's middle half▼ 72.0%
Equity€18,671below the sector's middle half-€22,492below the sector's middle half▲ 20.5%
Total assets€43,017below the sector's middle half-€42,361below the sector's middle half▼ 1.5%
Debt€24,346-€19,869▼ 18.4%
Working capital€17,666within the sector's middle half-€19,566within the sector's middle half▲ 10.8%
Solvency43.4%within the sector's middle half-53.1%within the sector's middle half▲ 9.7pp
Current ratio1.73within the sector's middle half-1.98within the sector's middle half▲ 0.26
Return on assets (ROA)31.8%above the sector's middle half-9.0%within the sector's middle half▼ 22.8pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42,361
Fixed assets
€2,926 ▲ 191%
Current assets
€39,435 ▼ 6.1%
Equity and liabilities €42,361
Equity
€22,492 ▲ 20.5%
Debt
€19,869 ▼ 18.4%
Debt's share of the balance-sheet total falls from 56.6% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
17.0%▼
2024 · 73.2%
Debt ≤ 1 year
€19,869▼
2024 · €24,346
Income taxes
€1,013▼
2024 · €3,454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,281 | €722 | ▼ 43.7% |
| Other operating charges640/8 | - | €174 | - |
| Gross operating margin9900 | €18,485 | €5,800 | ▼ 68.6% |
| Operating profit (loss)9901 | €17,204 | €4,904 | ▼ 71.5% |
| Financial income75/76B | €7 | €5 | ▼ 22.6% |
| Recurring financial income75 | €7 | €5 | ▼ 22.6% |
| Financial charges65/66B | €86 | €76 | ▼ 11.8% |
| Recurring financial charges65 | €86 | €76 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €17,125 | €4,834 | ▼ 71.8% |
| Income taxes67/77 | €3,454 | €1,013 | ▼ 70.7% |
| Profit (loss) for the period9904 | €13,671 | €3,822 | ▼ 72.0% |
| Profit (loss) for the period to be appropriated9905 | €13,671 | €3,822 | ▼ 72.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €43,017 | €42,361 | ▼ 1.5% |
| Fixed assets21/28 | €1,005 | €2,926 | ▲ 191% |
| Tangible fixed assets22/27 | €1,005 | €2,926 | ▲ 191% |
| Furniture and vehicles24 | €1,005 | €2,926 | ▲ 191% |
| Current assets29/58 | €42,012 | €39,435 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €7,718 | €11,816 | ▲ 53.1% |
| Trade receivables40 | €7,718 | €11,816 | ▲ 53.1% |
| Cash at bank and in hand54/58 | €34,294 | €27,619 | ▼ 19.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €43,017 | €42,361 | ▼ 1.5% |
| Equity10/15 | €18,671 | €22,492 | ▲ 20.5% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €13,671 | €17,492 | ▲ 28.0% |
| Distributable reserves133 | €13,671 | €17,492 | ▲ 28.0% |
| Amounts payable17/49 | €24,346 | €19,869 | ▼ 18.4% |
| Amounts payable within one year42/48 | €24,346 | €19,869 | ▼ 18.4% |
| Trade debts44 | €2,963 | €96 | ▼ 96.7% |
| Suppliers440/4 | €2,963 | €96 | ▼ 96.7% |
| Taxes, remuneration and social security45 | €11,644 | €8,835 | ▼ 24.1% |
| Taxes450/3 | €9,644 | €6,735 | ▼ 30.2% |
| Remuneration and social security454/9 | €2,000 | €2,100 | ▲ 5.0% |
| Other amounts payable47/48 | €9,738 | €10,937 | ▲ 12.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13,671 | €3,822 | ▼ 72.0% |
| + Depreciation and write-downs630 | €1,281 | €722 | ▼ 43.7% |
| Operating cash flow (approximation) | €14,952 | €4,543 | ▼ 69.6% |
| Investment in fixed assets (approximation) | - | -€2,643 | - |
| Change in cash | - | -€6,675 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00240440 |
| 31-12-2024 | micro format | 16-06-2025 | 2025-00141378 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,067. 8,040 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
3 directors, no change since 2026
DE BRABANT Joost Cyriel Valère
CurrentDirector (not named in the articles) · since 02-05-2024
DERYCKERE Nancy Ivona Angèle
CurrentDirector (not named in the articles) · since 02-05-2024
DE BRABANT Arnaud
CurrentDirector · since 01-09-2026
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
3 people since 2024, 3 in office
- Board
| Name | Functions and periods |
|---|---|
| DE BRABANT Joost Cyriel Valère |
|
| DERYCKERE Nancy Ivona Angèle |
|
| DE BRABANT Arnaud |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 02-05-2024 ↗
- DE BRABANT Joost Cyriel Valère €732.50
- DERYCKERE Nancy Ivona Angèle €843.45
- DE BRABANT Perrine €1,711.87
- DE BRABANT Arnaud €1,711.87
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 02-05-2024 Incorporation · €5,000 · 100 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
29-09
Gazette deed
Appointment: Arnaud De Brabant (director)Power of attorney3 facts ▸
Gazette deed
Appointment: Arnaud De Brabant (director)
Power of attorney3 facts ▸
- General meeting, 21-09-2026
- Director appointment, Arnaud De Brabant (director)
- Power of attorney, NV TITECA
01-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
16-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
02-05
Gazette deed
IncorporationAppointments: DE BRABANT Joost Cyriel Valère (director) and DERYCKERE Nancy Ivona Angèle (director) · Founder · Founding capital11 facts ▸
Gazette deed
Incorporation
Appointments: DE BRABANT Joost Cyriel Valère (director) and DERYCKERE Nancy Ivona Angèle (director) · Founder · Founding capital11 facts ▸
- Incorporation, 26-04-2024
- Founder, DE BRABANT Joost Cyriel Valère
- Founder, DERYCKERE Nancy Ivona Angèle
- Founder, DE BRABANT Perrine
- Founder, DE BRABANT Arnaud
- Founding capital, €5,000
- Bank account, “BNP Paribas Fortis, vennootschap in oprichting” (deed in Dutch)
- Share issue, 100, “gelijk recht in winstverdeling” (deed in Dutch)
- Director appointment, DE BRABANT Joost Cyriel Valère (director (not named in the articles))
- Director appointment, DERYCKERE Nancy Ivona Angèle (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Gazette deedNBB filing
2 of 2 deeds read
Register details
Identification
Legal formPrivate limited company
Founded29-04-2024
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:1008903136
Also
9925:BE1008903136
Registered
20-06-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2024
Ground area
376 m²
Building footprint
116 m²
Building volume
820 m³
Parcel 34452A0011/00W004, Flanders · tallest building 10.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NARPEX
since 2024unit no. 2.359.289.329
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34452A0011/00W004 | Flanders | 376 m² | 1 · 116 m² | 10.7 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NARPEX
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 8790 Waregem,Voldersstraat 4” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)