NarvalTech
ActiveSummary
NarvalTech has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €37,762 and a net result of €97,253. Equity has been stable since 2021 (±0% per year). Its solvency ranks better than 24% of 1,354 sector peers (NACE 70, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-10-2019 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.295.791.743 1130 Brussel, since 04-11-2019
- Financial year end
- 31 March
- Peppol
- Reachable since 15-06-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €134,384
- ▲ 44.6%
- Turnover
- ≈ €230,000
- estimated
- Profit
- €97,253
- ▲ 44.6%
- Equity
- €37,762
- ▲ 0.7%
- Total assets
- €144,139
- ▲ 28.8%
Score breakdownlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 1.35, cash €95,921Size: total assets €144,139Figures for financial year 2026 (filed on 22-09-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 28% of them on solvency, 52% on liquidity, 84% on profitability and 43% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 47 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 16-09-2026 at the NBB all 6 filings
2022 to 2026, 5 financial years 2021 to 2026, 6 financial years
The operating result for 2026 is 50% higher than in 2025 and the highest since 2022. It is the fourth rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €0 | €0 | - | - | - |
| Depreciation and write-downs of the year | €4,664 | €4,664 | €4,664 | €4,664 | €2,195 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,469 | €4,664 | €4,664 | €4,664 | €4,664 | €2,195 | ▼ 52.9% |
| Other operating charges640/8 | - | €446 | €834 | - | €1,300 | €1,484 | ▲ 14.1% |
| Gross operating margin9900 | €54,258 | €40,793 | €55,471 | €85,969 | €92,908 | €134,384 | ▲ 44.6% |
| Operating profit (loss)9901 | €48,528 | €35,683 | €49,973 | €81,305 | €86,944 | €130,705 | ▲ 50.3% |
| Financial income75/76B | - | - | - | €89 | €4,105 | - | - |
| Recurring financial income75 | €0 | - | - | €89 | €4,105 | - | - |
| Financial charges65/66B | - | €65 | €48 | €13 | €143 | €152 | ▲ 6.5% |
| Recurring financial charges65 | €8 | €65 | €48 | €13 | €143 | €152 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €48,520 | €35,618 | €49,926 | €81,381 | €90,906 | €130,553 | ▲ 43.6% |
| Income taxes67/77 | €13,500 | €7,764 | €13,577 | €20,865 | €23,635 | €33,300 | ▲ 40.9% |
| Profit (loss) for the period9904 | €35,020 | €27,854 | €36,349 | €60,516 | €67,271 | €97,253 | ▲ 44.6% |
| Profit (loss) for the period to be appropriated9905 | €35,020 | €27,854 | €36,349 | €60,516 | €67,271 | €97,253 | ▲ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €62,068 | €84,590 | €117,827 | €172,989 | €111,924 | €144,139 | ▲ 28.8% |
| Fixed assets21/28 | €20,851 | €16,187 | €11,523 | €6,859 | €2,195 | €0 | ▼ 100.0% |
| Tangible fixed assets22/27 | €20,851 | €16,187 | €11,523 | €6,859 | €2,195 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | - | €16,187 | €11,523 | €6,859 | €2,195 | €0 | ▼ 100.0% |
| Current assets29/58 | €41,218 | €68,403 | €106,304 | €166,130 | €109,729 | €144,139 | ▲ 31.4% |
| Amounts receivable within one year40/41 | €8,010 | €8,267 | €0 | €3,065 | €18,220 | €3,218 | ▼ 82.3% |
| Trade receivables40 | - | €8,267 | €0 | €3,065 | €13,620 | €918 | ▼ 93.3% |
| Other amounts receivable41 | - | €0 | €0 | €0 | €4,600 | €2,300 | ▼ 50.0% |
| Current investments50/53 | - | - | - | €110,000 | €0 | €45,000 | - |
| Cash at bank and in hand54/58 | €33,207 | €60,136 | €106,304 | €53,065 | €91,510 | €95,921 | ▲ 4.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €62,068 | €84,590 | €117,827 | €172,989 | €111,924 | €144,139 | ▲ 28.8% |
| Equity10/15 | €37,520 | €65,374 | €101,722 | €37,238 | €37,509 | €37,762 | ▲ 0.7% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €30,020 | €57,874 | €94,222 | €29,738 | €30,009 | €30,262 | ▲ 0.8% |
| Amounts payable17/49 | €24,548 | €19,216 | €16,105 | €135,750 | €74,415 | €106,378 | ▲ 43.0% |
| Amounts payable after more than one year17 | €11,464 | €6,551 | €1,638 | €0 | - | - | - |
| Financial debts170/4 | - | €6,551 | €1,638 | €0 | - | - | - |
| Amounts payable within one year42/48 | €13,085 | €12,666 | €14,467 | €135,750 | €74,415 | €106,378 | ▲ 43.0% |
| Current portion of amounts payable after more than one year42 | - | €4,913 | €4,913 | €1,638 | €0 | - | - |
| Trade debts44 | €116 | €241 | €0 | €1,567 | €0 | €0 | - |
| Suppliers440/4 | - | €241 | €0 | €1,567 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | €6,686 | €9,173 | €6,645 | €6,943 | €8,877 | ▲ 27.9% |
| Taxes450/3 | - | €6,686 | €9,173 | €6,645 | €6,943 | €8,877 | ▲ 27.9% |
| Other amounts payable47/48 | - | €826 | €382 | €125,901 | €67,472 | €97,501 | ▲ 44.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,020 | €27,854 | €36,349 | €60,516 | €67,271 | €97,253 | ▲ 44.6% |
| + Depreciation and write-downs630 | €2,469 | €4,664 | €4,664 | €4,664 | €4,664 | €2,195 | ▼ 52.9% |
| Operating cash flow (approximation) | €37,489 | €32,518 | €41,013 | €65,180 | €71,935 | €99,447 | ▲ 38.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €26,929 | €46,168 | -€53,239 | €38,445 | €4,412 | ▼ 88.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as NarvalTech has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NarvalTech itself is lower: < 0.1% within 12 months. It rests on far more data about NarvalTech than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for NarvalTech. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 16-09-2026 | 2026-00518517 | |
| 31-03-2025 | micro format | 10-09-2025 | 2025-00489260 | |
| 31-03-2024 | micro format | 11-09-2024 | 2024-00459084 | |
| 31-03-2023 | micro format | 13-09-2023 | 2023-00446895 | |
| 31-03-2022 | micro format | 14-09-2022 | 2022-20428843 | |
| 31-03-2021 | micro format | 22-09-2021 | 2021-68300201 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
NarvalTech shares no director with another company.
Companies at the same address
9 other companies- Optilis Registered office · since 2024 1014169543
- KANT REAL ESTATE Registered office · since 2019 0737789621
- Axiles Bionics Registered office · since 2019 0719695854
- MPH FINANCE Registered office · since 2011 0836910951
- VERISURE SECURITY Establishment · since 2005 0877035396
- EVERCOM Registered office · since 2004 0426208102
- VERISURE Establishment · since 2001 0459866904
- LINKOR Registered office · since 1993 0450834323
- Monotype Benelux Limited Establishment · since 1968 0405751394
Connections & network
1 current directorThe network starts from the directors of NarvalTech. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-01
Gazette deed
Registered office moved from Vieux-Genappe to BruxellesRegistered office clause · Amendment of the articles · Power of attorney8 points ▸
- General meeting, 09-12-2022
- Registered office clause, “1472 Vieux-Genappe (Genappe), chaussée de Nivelles”, 126/4 (deed in French)
- Other provision, “immatriculation TVA, BE0736.508.825” (deed in French)
- Other provision, “statuts non modifiés depuis la constitution” (deed in French)
- Registered-office move, 1130 Bruxelles, rue de la Fusée, 64
- Other provision, “établissement d'un siège d'exploitation, à l'unanimité” (deed in French)
- Amendment of the articles, 2
- Power of attorney, Valérie MASSON
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 1472 Vieux-Genappe until the act of 06-01-2023
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21821C0080/00X004 | Brussels | 2.0 ha | 1 · 4,415 m² | 30.8 m · 7 |