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NARWAL

Active Private limited companyfounded 2014active for 11 yearsAvenue du Centenaire 117/1, 4102 SeraingKBO/BCE: BE 0505.892.909
NARWAL
Financial year 2025
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Annual accounts 2025

micro format, filed on 13-08-2026, 13 days late
€1.5m
▲ 7.4%
€11,245
▼ 66.1%
€40,328
▼ 34.0%
€35,893
▼ 33.4%
27.8%
▲ 2.1 percentage points
1.10
▲ 0.14

Money flows

of every €100 of turnover, €0.44 remains as profit in 2025

Balance sheet

balance sheet total €306,430 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

27.8%

Higher than 45% of 25,237 companies in 2025.

1.10

Higher than 36% of 24,245 companies in 2025.

2.2%

Higher than 45% of 24,434 companies in 2025.

NARWAL Middle half of the sector 80% of the sector Micro accounts in retail trade (NACE 47)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

€47,493

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015
Balance sheet: assets
20/58 306,430304,583306,084281,295243,644253,798288,58579,885106,12927,38817,865
21/28 100,964130,047109,136134,336128,497139,841175,80318,98226,1808011,254
21 67,25885,258103,258122,458109,414114,414140,6144,8006,000--
22/27 33,34844,4315,52011,52018,72525,06934,83114,13220,1808011,254
24 33,34844,4315,52011,52018,72525,06934,83114,13220,1808011,254
28 35835835835835835835850---
29/58 205,466174,536196,948146,959115,147113,957112,78260,90379,94926,58716,611
3 128,921100,66655,27380,01442,30659,27021,18023,21664,5976,676-
30/36 128,921100,66655,27380,01442,30659,27021,18023,21664,5976,676-
40/41 17,04516,1308,7308,8875,1395,0212,523-3,7021,967-
40 1,9201,9201,9201,920-------
41 15,12514,2106,8106,9675,1395,0212,523-3,7021,967-
50/53 20,00020,00020,00020,00020,00020,00020,000----
54/58 39,50037,740112,94538,05847,70229,66669,07937,68711,65017,94416,611
Balance sheet: equity and liabilities
10/49 306,430304,583306,084281,295243,644253,798288,58579,885106,12927,38817,865
10/15 85,05778,24752,21744,51841,18131,87439,85631,04414,83011,6499,224
10/11 18,60018,60018,60018,60018,60018,60018,60018,6006,2006,2006,200
10 --18,60018,60018,600------
100 --18,60018,60018,60018,60018,60018,60018,60018,60018,600
101 --------12,40012,40012,400
11 -18,600---------
1109/19 -18,600---------
13 2,7992,7992,7992,3492,1431,5101,509858605389223
130/1 2,7992,7992,7992,3492,1431,510-----
130 --2,7992,3492,1431,5101,509858605389223
1311 2,7992,799---------
14 63,65856,84830,81823,56920,43811,76419,74711,5868,0255,0602,801
17/49 221,373226,336253,867236,777202,463221,924248,72948,84191,29915,7398,641
17 35,42944,878--98,728129,494146,3923,7226,889--
170/4 35,42944,878--98,728129,494146,3923,7226,889--
42/48 185,944181,458253,867236,777103,73592,430102,33745,11984,41015,7398,641
44 110,05295,36097,18711,04551,24544,52744,03711,68221,0867,5115,363
440/4 110,05295,36097,18711,04551,24544,52744,03711,68221,0867,5115,363
45 25,34525,67020,84250,39147,82739,63650,26819,16026,9598,2283,278
450/3 3,0506,5083,7865,2364,1234,8036,4584,3353,2092,3212,178
454/9 22,29519,16217,05645,15543,70434,83343,81014,82523,7505,9071,100
47/48 50,54760,428135,838175,3414,6638,2678,03214,27736,365--
Income statement
70 1.5m1.4m1.4m1.8m2.0m2.2m2.0m1.3m1.0m494,854475,621
9900 114,153140,03138,915170,494177,691177,962176,431105,78787,52322,24723,756
60/61 1.4m1.3m1.4m1.7m1.9m2.0m1.9m1.2m959,115472,607451,865
62 71,23975,4162,099133,745133,943127,596130,50285,46271,43214,86715,988
630 29,08327,84925,20024,16224,46325,96223,4887,2494,652453106
640/8 2,5863,5481,8581,7332,2866,9312,1251,7861,3959292,412
9901 11,24533,2189,75810,85416,99917,47320,31611,29010,0445,9985,250
65/66B 2,1656803496,7344,31824,2067,3006,2305,7092,696783
65 2,1656803496,7344,31824,2067,3006,2305,7092,696783
9903 9,08032,5389,4094,12012,681-6,73313,0165,0604,3353,3024,467
67/77 2,2706,5081,7107833,3731,2504,2041,2461,1538781,443
9904 6,81026,0307,6993,3379,308-7,9838,8123,8143,1822,4243,024
9905 6,81026,0307,6993,3379,308-7,9838,8123,8143,1822,4243,024
Appropriation of the result
9906 63,65856,84831,26823,77521,07211,76420,39811,8398,2425,2253,024
14P 56,84830,81823,56920,43811,764------
691/2 --450206634-651253217165223
6920 --450206634-651253217165223
Social balance sheet
9087 1.51-1.8-5.95.64-0.8-
Hours worked1013 1,293964-3,825-7,5347,9085,5855,8921,7351,437
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 13-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 13 days after the deadline. Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399612.

Financial year Type Filed Reference Document
31-12-2025 micro format 13-08-2026 2026-00399612 PDF
31-12-2024 micro format 28-08-2025 2025-00438831 PDF
31-12-2023 micro format 25-09-2024 2024-00490168 PDF
31-12-2022 micro format 20-09-2023 2023-00450755 PDF
31-12-2021 micro format 26-10-2022 2022-20474712 PDF
31-12-2020 full format 26-08-2021 2021-56400326 PDF
31-12-2019 full format 19-10-2020 2020-62900237 PDF
31-12-2018 full format 12-08-2019 2019-47100015 PDF
31-12-2017 full format 31-07-2018 2018-43200232 PDF
31-12-2016 full format 12-07-2017 2017-31500222 PDF
31-12-2015 full format 27-07-2016 2016-36400394 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015
40,32861,06734,95835,01641,46243,43543,80418,53914,6966,4515,356
35,89353,87932,89927,49933,77117,97932,30011,0637,8342,8773,130
100,964130,047109,136134,336128,497139,841175,80318,98226,1808011,254
1,760-75,20574,887-9,64418,036-39,41331,39226,037-6,2941,333-
19,522-6,922-56,919-89,81811,41221,52710,44515,784-4,46110,8487,970
0.7%2.3%0.7%0.6%0.8%0.8%1.0%0.9%1.0%1.2%1.1%
27.8%25.7%17.1%15.8%16.9%12.6%13.8%38.9%14.0%42.5%51.6%
1.100.960.780.621.111.231.101.350.951.691.92
0.410.410.560.280.700.590.900.840.181.271.92
2.602.894.865.324.926.966.241.576.161.350.94
8.0%33.3%14.7%7.5%22.6%-25.0%22.1%12.3%21.5%20.8%32.8%
2.2%8.5%2.5%1.2%3.8%-3.1%3.1%4.8%3.0%8.9%16.9%
18.6389.80over 1005.209.60------
0 days0 days1 day0 days1 day1 day0 days-1 day1 day-
28 days27 days25 days2 days10 days8 days9 days4 days8 days6 days4 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-2022
Employees at the balance-sheet date2-1
full-time--1
part-time2--
in full-time equivalents1.1-1
0.80.5-
On a permanent contract2-1
Joined--1
Left--4

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€33,348€44,431€5,520€11,520€18,725
Intangible fixed assets€67,258€85,258€103,258€122,458€109,414
Financial fixed assets€358€358€358€358€358
€29,083€27,849€25,200€24,162€24,463

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on NARWAL

The operating result for 2025 is 66% lower than in 2024.

Debt's share of the balance-sheet total falls from 74.3% to 72.2%. Equity is higher and debt is lower.

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