Narula's
ActiveThe computed 12-month bankruptcy probability of Narula's is 2.4% (moderate). The 2025 annual accounts show equity of €12k and a net result of €-5k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 13270 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. The bankruptcy probability (2.4%) counts for 35% and brings the score to 59. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-74
Solvency97▼-2
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.27 against 3.84 in 2024; short-term debt: 27.8% and cash: 68.6% of total assets), and 27.8% 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
72.2%
Return on assets
-29.8%
Age of the figures
18 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-03-2026, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
151 d late
2024
92 d late
2023
29 d late
2022
on the day
2021
9 d early
2020
27 d late
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€50k▲ 25.5%
2020 · €40k
2019: €29k
2020: €40k
2019 → 2021
EBIT margin
28.9%▲ 14.4pp
2020 · 14.5%
2019: 6.1%
2020: 14.5%
2019 → 2021
Net result
€-5k
2024 · €2k
2019: €1k
2020: €4k
2021: €12k
2022: €-972
2023: €-335
2024: €2k
2019 → 2025
Working capital
€11k▼ 33.5%
2024 · €16k
2019: €-7k
2020: €-850
2021: €14k
2022: €13k
2023: €13k
2024: €16k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€50k-
Equity€17k-€16k▼ 5.6%€16k▼ 2.1%€17k▲ 9.5%€12k▼ 29.2%
Operating result€15k-€313▼ 97.8%€400▲ 27.6%€4k▲ 883%€-4k
Net result€12k-€-972€-335▲ 65.5%€2k€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€2k▼ 9.2%
Current assets
€15k▼ 29.2%
Equity and liabilities €17k
Equity
€12k▼ 29.2%
Debt
€5k▼ 23.6%
The debt ratio rises from 26.2% to 27.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €5k
Cash flow
€-4k▼
2024 · €2k
Solvency
72.2%▼
2024 · 73.8%
Current ratio
3.27▼
2024 · 3.84
Quick ratio
3.13▼
2024 · 3.76
Debt / equity
0.38▲
2024 · 0.36
ROE
-41.2%▼
2024 · 8.7%
ROA
-29.8%▼
2024 · 6.4%
Interest coverage
-3.44▼
2024 · 5.72
Debt
€5k▼
2024 · €6k
Debt ≤ 1 year
€5k▼
2024 · €6k
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€24k€17k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€327€845▲
Other tangible fixed assets26€1k€739▼
Current assets29/58€22k€15k▼
Stocks and contracts in progress3€454€657▲
Stocks30/36€454€657▲
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€1k-
Other amounts receivable41€991€3k▲
Cash at bank and in hand54/58€19k€12k▼
Equity and liabilities
Total equity and liabilities10/49€24k€17k▼
Equity10/15€17k€12k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€11k€6k▼
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€5k▼
Financial debts43€2-
Credit institutions430/8€2-
Trade debts44€152-
Suppliers440/4€152-
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€855▼
Remuneration and social security454/9€403€4k▲
Other amounts payable47/48€3k€159▼
Accrued charges and deferred income492/3€500-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€810€810=
Other operating charges640/8€835€735▼
Gross operating margin9900€6k€-3k▼
Operating profit (loss)9901€4k€-4k▼
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€829€963▲
Recurring financial charges65€829€963▲
Profit (loss) for the period before taxes9903€3k€-5k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€2k€-5k▼
Profit (loss) for the period to be appropriated9905€2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€6k▼
Profit (loss) brought forward from the previous period14P€10k€11k▲
The notes to these accounts (5 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 151 days late
2025
31-03
Financial
Weakest financial yearnet €-5k ▼436%
Net result drops to €-5k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-03
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €12k ▲185%
Operating result €15k, net result €12k, both a record.
31-03
Financial
Liquidity triplescurrent ratio 2.76
Current ratio from 0.94 to 2.76; short-term debt falls from €13k to €8k.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wervik · 1 establishment unit since 2016
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.
Sint-Medardusstraat 98940 WervikGround area
109 m²
Building footprint
109 m²
Volume, LiDAR
919 m³
Parcel 33029C0268/00B002, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NARULA'S
since 20162.254.955.436
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029C0268/00B002 | Flanders | 109 m² | 1 · 109 m² | 12.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWervik2.254.955.436
Similar companies · same sector, comparable size
EL FUEGO
BE 0641.660.938
Geraardsbergen · Eq €12k
ALFONS BURGER
BE 0673.605.810
Zaventem · Eq €12k
YAKUZA ANTWERPEN
BE 0802.621.451
Antwerpen · Eq €12k
CA CONSTRUCT
BE 0665.855.213
Mons · Eq €12k
NGD FACTORY
BE 0536.186.405
Anderlecht · Eq €12k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 7,668 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-06-2016
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.