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NARVIFLEX

Active
Public limited companyfounded 1994active for 31 yearsLiesdonk 7, 2440 Geel, BelgiumKBO/BCE: BE 0454.005.332
Summary

NARVIFLEX has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.8m and a net result of €1.2m. Equity is growing by about 8.2% per year across the filed financial years. Its solvency ranks better than 34% of 383 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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NARVIFLEXActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28220
3rd largest employer in Geel, Manufacturing sector2 sites
Size
€36.6mturnover 2025
Staff
131 FTE
Equity
€9.8m
Profit
€1.2m
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
DONARCO · 100%
Board
5 members
Holdings
4
  • MBALDOManaging director · permanent representative Wim MOORS
Auditor: Callens, Vandelanotte & Theunissen BV2025 accounts 50 days early2 of 12 deeds summarised
Why 93raises riskSector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)lowers riskSize: turnover €36.6m, 131 FTE, total assets €32.6mFounded in 1994Legal form: public limited companyShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 52% of its sector peers (NACE 28, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 55=
equity 30.2% of total assets
Liquidity 43+6
short-term debt 38.0% · cash 8.5%
Profitability 57+2
return on assets 3.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (101 companies, NACE 28, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.3 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.23, compared with 1.29 in 2024, below the usual 1.5; short-term debt: 38% and cash: 8.5% of total assets), and 69.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 28, medium-sized): better than 43% on solvency, 61% on liquidity, 42% on profitability and 64% on growth.

The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €36.6m, 131 FTE, total assets €32.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1994
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)
KBO
lowers risk · Legal form: public limited company
KBO
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 days early
2024
20 days early
2023
27 days early
2022
32 days early
2021
47 days early
2020
24 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 36 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% 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. The company usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: NV DONARCO (director) and BVG…Permanent representatives: Dirk BERDEN, Geert…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Reappointments: NV DONARCO, BV G 4…Permanent representatives: Dirk BERDEN and…

Key points

  • Positive: 7 years of growth in a rowturnover 2025: €36.6m 7 years View
  • Positive: 3rd largest employer in Geel, Manufacturing sectorin the Checked rankings No. 3 View
  • New directorslatest change 01-07-2026 · 5 in office 3 joined View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by DONARCOthe company in turn controls 4 companies 100% View

By topic

Financials

Financial year
2025
Turnover
€36.6m
Profit
€1.2m
Solvency
30.2%
Turnover▲ 6.0%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Parent
DONARCO · 100%
Auditor
Callens, Vandelanotte & Theunissen…
  • MBALDOManaging director
  • Myriam HENDRICKXDirector
  • Toon VANDERLINDENDirector
  • BV G 4 G - INVESTManaging director
  • NV DONARCOManaging director
Go to Board & ownership

Timeline

Events
36
Since
1996
Next accounts
by 31-07-2027
  1. 11-07-2025Annual accounts filed
  2. 04-07-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28220
Founded
21-12-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about NARVIFLEX

What is the company number of NARVIFLEX?
0454.005.332. In Belgium the VAT number is the company number with BE in front: BE 0454.005.332.
Where is NARVIFLEX based?
The registered office is at Liesdonk 7, 2440 Geel.Company details
What does NARVIFLEX do?
According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28220).
What is the legal form of NARVIFLEX?
Public limited company (NV).
When was NARVIFLEX founded?
On 21-12-1994.
Is NARVIFLEX still active?
Yes, NARVIFLEX is an active enterprise in the KBO register.
How many employees does NARVIFLEX have?
On average 131 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of NARVIFLEX?
€36.6m in financial year 2025, according to the filed annual accounts.
Is NARVIFLEX profitable?
In financial year 2025, NARVIFLEX made a profit of €1.2m.
Where can I find the annual accounts of NARVIFLEX?
NARVIFLEX filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NARVIFLEX due?
By 31-07-2027, for financial year 2026.Timeline

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