Equity
€85,057 ▲ 8.7%
NARWAL has made a profit without a break since 2021.
NARWAL
Lifetime
11 annual accounts with figures on one time axispeak €2.2m (2020)
€1.5m▲ 7.4%
lowest -€7,983 (2020)
€6,810▼ 73.8%
peak €85,057 (2025)
€85,057▲ 8.7%
€221,373▼ 2.2%
peak 5.9 FTE (2020)
-not published
Board1 name since 2024
1 director
Documentsfilings and deeds
13-08-202613 days late
2025micro format
Gross margin from €140,031 to €114,153Result from €26,030 to €6,810Appointment: (director) 04-09
Key points
from the 2025 annual accountsDebts
€221,373 72% of the balance sheet
Financial debts 16%Suppliers 50%Taxes and wages 11%Other 23%
Of this, €185,944 falls due within a year.
Investments
€100,606 3.5 × depreciation
Green is investment, beige is depreciation.
Staff
1.5 FTE from 5.9 in 2020
Between 2020 and 2025, 75% of the full-time equivalents disappeared.
Filings
11 annual accounts since 2015
Eight of the last ten came late. The 2021 accounts came latest: 87 days after the end of the period.
Position in the sector
€114,153
Higher gross margin than 80% of companies in retail trade. Sector median €33,269 · 25,153 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,514 companies had the same profile as NARWAL has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.8%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 4,514 companies, not a prediction for NARWAL. 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.
Credit verdict
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Signals
Board and ownership
Director
- 100 sharesdeed of 04-09-2025
- deed of 04-09-2025
- deed of 04-09-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0505892909
Appointment: (director)
Transfer of 5 shares from to · Transfer of 5 shares from to · holds 100 shares · General meeting of 30-06-2025 · Gazette deed
Resignation: (manager)
Reappointment: (director) · Registered office clause: Avenue du Centenaire 117/1, 4102 Seraing (Ougrée) · Director discharge: · General meeting of 24-04-2024 · Gazette deed
Registered office moved within Seraing
Transfer of 5 shares from to · Transfer of 5 shares from to · New registered office: Avenue du Centenaire 117 à 4102 Seraing · General meeting of 01-03-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NARWAL Seraing | €1.5m | 0.7% | 27.8% | - |
| VERTIA Liège | €0.7m | 0.9% | 23.5% | - |
| KENAN FOODS Liège | - | - | 76.2% | - |
| OPTIQUE OUEST Anderlecht | - | - | 51.1% | - |
| Cartojet Menen | - | - | 0.6% | 6.6 |
| KIKOTEC Tienen | - | - | -72.2% | 4.5 |
| B & A Bruges | - | - | 57.1% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as NARWAL: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €260,000 and €340,000, founded between 2013 and 2015.
Official details
Source: KBO- Status
- Active since 03-12-2014Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
- Establishment unit
- 2.286.379.7734102 Seraing, since 01-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 13-05-2026
Insights on NARWAL
NARWAL has existed since 2014. The present size dates from 2017. Turnover rose that year from €494,854 to €1.0m.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NARWAL
- What is the company number of NARWAL?
- The company number of NARWAL is 0505.892.909. The VAT number is the same number with BE in front: BE 0505.892.909.
- Where is NARWAL based?
- The registered office is at Avenue du Centenaire 117/1, 4102 Seraing.Company details
- What does NARWAL do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of NARWAL?
- NARWAL is a private limited company (BV).
- When was NARWAL founded?
- NARWAL was founded on 03-12-2014.
- Is NARWAL still active?
- Yes, NARWAL is an active enterprise in the KBO register.
- How many employees does NARWAL have?
- NARWAL had an average of 1.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of NARWAL?
- The turnover of NARWAL was €1.5m in financial year 2025, according to the filed annual accounts.
- Is NARWAL profitable?
- In financial year 2025, NARWAL made a profit of €6,810.
- Where can I find the annual accounts of NARWAL?
- NARWAL filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NARWAL due?
- NARWAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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