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NATAGORA

Active
Non-profit associationfounded 198739 yrs activeTraverse des Muses(NR) 1, 5000 Namur, BelgiumKBO/BCE: BE 0434.366.097
Summary

NATAGORA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44.4m and a net result of -€399,016. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 57% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability35▼-44
Solvency83▲+8
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 2.97 against 2.83 in 2024; short-term debt: 16.6% and cash: 6% of total assets), and 41.8% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
58.2%
Return on assets
-0.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 d early
2024
30 d early
2023
35 d early
2022
21 d early
2021
11 d early
2020
52 d early
2019
7 d 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 26 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 11 May 1987, NATAGORA was incorporated.1 Revenue went from EUR 126,409 in 2018 to EUR 2.2 million in 2025 and headcount from 95.9 to 141 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€2.2m▲ 7.9%
2024 · €2.1m
EBIT margin
-17.4%▼ 27.8pp
2024 · 10.4%
Net result
-€399,016
2024 · €215,390
Working capital
€24.9m▼ 16.6%
2024 · €29.9m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€526,030▼ 13.5%€493,206▼ 6.2%€660,452▲ 33.9%€2.1m▲ 212%€2.2m▲ 7.9%
Operating result€228,752▲ 16.1%-€605,500-€562,102▲ 7.2%€215,489-€387,169
Net result€184,813above the sector's middle half▲ 29.0%-€645,105below the sector's middle half-€576,760below the sector's middle half▲ 10.6%€215,390above the sector's middle half-€399,016below the sector's middle half
EBIT margin43.5%▲ 11.1pp-122.8%▼ 166.3pp-85.1%▲ 37.7pp10.4%▲ 95.6pp-17.4%▼ 27.8pp
Equity€25.0mabove the sector's middle half▲ 16.8%€28.2mabove the sector's middle half▲ 12.6%€36.6mabove the sector's middle half▲ 29.8%€40.9mabove the sector's middle half▲ 11.8%€44.4mabove the sector's middle half▲ 8.5%
Total assets€45.7mabove the sector's middle half▲ 0.7%€53.5mabove the sector's middle half▲ 17.2%€78.6mabove the sector's middle half▲ 46.9%€81.4mabove the sector's middle half▲ 3.6%€76.2mabove the sector's middle half▼ 6.4%
Debt€20.6m▼ 13.7%€25.3m▲ 22.7%€41.9m▲ 65.8%€40.5m▼ 3.5%€31.8m▼ 21.3%
Working capital€14.6mabove the sector's middle half▲ 1.8%€18.0mabove the sector's middle half▲ 22.9%€32.0mabove the sector's middle half▲ 78.1%€29.9mabove the sector's middle half▼ 6.5%€24.9mabove the sector's middle half▼ 16.6%
Solvency54.9%within the sector's middle half▲ 7.5pp52.7%within the sector's middle half▼ 2.1pp46.6%within the sector's middle half▼ 6.1pp50.3%within the sector's middle half▲ 3.7pp58.2%within the sector's middle half▲ 8.0pp
Current ratio2.90within the sector's middle half▲ 0.562.86within the sector's middle half▼ 0.033.13within the sector's middle half▲ 0.272.83within the sector's middle half▼ 0.302.97within the sector's middle half▲ 0.14
Return on assets (ROA)0.4%within the sector's middle half▲ 0.1pp-1.2%within the sector's middle half▼ 1.6pp-0.7%within the sector's middle half▲ 0.5pp0.3%within the sector's middle half▲ 1.0pp-0.5%within the sector's middle half▼ 0.8pp
Staff (FTE)102.3above the sector's middle half▲ 4.5%113.9above the sector's middle half▲ 11.3%116.1above the sector's middle half▲ 1.9%132.4above the sector's middle half▲ 14.0%140.7above the sector's middle half▲ 6.3%
above within below the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€750,000-€500,000-€250,000€0€250,000Operating result 2021: €228,752€228,752Net result 2021: €184,813€184,813Operating result 2022: -€605,500-€605,500Net result 2022: -€645,105-€645,105Operating result 2023: -€562,102-€562,102Net result 2023: -€576,760-€576,760Operating result 2024: €215,489€215,489Net result 2024: €215,390€215,390Operating result 2025: -€387,169-€387,169Net result 2025: -€399,016-€399,01620212022202320242025-€600,000-€400,000-€200,000€0€200,000Operating result 2023: -€562,102-€562,000Net result 2023: -€576,760-€577,000Operating result 2024: €215,489€215,000Net result 2024: €215,390€215,000Operating result 2025: -€387,169-€387,000Net result 2025: -€399,016-€399,000202320242025
The operating result turns negative in 2025: a loss of €387,169 after €215,489 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76.2m
Fixed assets €38.6m ▲ 9.9%
Current assets €37.6m ▼ 18.7%
Equity and liabilities €76.2m
Equity €44.4m ▲ 8.5%
Debt €31.8m ▼ 21.3%
Debt's share of the balance-sheet total falls from 49.7% to 41.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€62,753▼
2024 · €456,471
Cash flow
€50,906▼
2024 · €456,372
Debt to equity
0.72▼
2024 · 0.99
ROE
-0.9%▼
2024 · 0.5%
Interest coverage
2.26▼
2024 · 16.10
Debt ≤ 1 year
€12.7m▼
2024 · €16.3m
Debt > 1 year
€836,609▼
2024 · €931,572
Income taxes
€1,635▼
2024 · €6,171
Staff costs
€10.8m▲
2024 · €9.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 823 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
2.9% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 823 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 79 lines
Balance sheet Code20242025
Assets
Total assets20/58€81.4m€76.2m▼
Fixed assets21/28€35.1m€38.6m▲
Intangible fixed assets21€544,999€551,442▲
Tangible fixed assets22/27€34.4m€37.9m▲
Land and buildings22€33.9m€37.2m▲
Plant, machinery and equipment23€3,926€3,448▼
Furniture and vehicles24€78,750€51,316▼
Other tangible fixed assets26€120,698€42,105▼
Assets under construction and advance payments27€260,493€539,877▲
Financial fixed assets28€203,185€213,785▲
Affiliated companies280/1€101,000€101,000=
Participating interests280€101,000€101,000=
Other financial fixed assets284/8€102,185€112,785▲
Shares284€60,831€76,831▲
Amounts receivable and cash guarantees285/8€41,354€35,954▼
Current assets29/58€46.3m€37.6m▼
Amounts receivable within one year40/41€36.2m€29.8m▼
Trade receivables40€35.8m€29.5m▼
Other amounts receivable41€336,534€329,134▼
Current investments50/53€2.4m€2.9m▲
Cash at bank and in hand54/58€7.5m€4.6m▼
Deferred charges and accrued income490/1€132,175€282,539▲
Equity and liabilities
Total equity and liabilities10/49€81.4m€76.2m▼
Equity10/15€40.9m€44.4m▲
Contributions10/11€162,962€162,962=
Capital10€162,962€162,962=
Reserves13€11.5m€10.8m▼
Profit (loss) carried forward14€880,088€481,072▼
Investment grants15€28.4m€33.0m▲
Amounts payable17/49€40.5m€31.8m▼
Amounts payable after more than one year17€931,572€836,609▼
Financial debts170/4€931,572€836,609▼
Credit institutions173€931,572€836,609▼
Amounts payable within one year42/48€16.3m€12.7m▼
Current portion of amounts payable after more than one year42€94,120€82,063▼
Financial debts43€2,376-
Credit institutions430/8€2,376-
Trade debts44€585,434€1.9m▲
Suppliers440/4€585,434€1.9m▲
Advances received on contracts in progress46€6,400€264,763▲
Taxes, remuneration and social security45€1.5m€1.7m▲
Taxes450/3€340,171€414,914▲
Remuneration and social security454/9€1.2m€1.3m▲
Accrued charges and deferred income492/3€23.2m€18.3m▼
Income statement Code20242025
Operating income70/76A€14.5m€17.4m▲
Turnover70€2.1m€2.2m▲
Own construction capitalised72€19,769€299,738▲
Other operating income74€930,417€1.0m▲
Non-recurring operating income76A€32,405€15,722▼
Operating charges60/66A€14.3m€17.8m▲
Goods for resale, raw materials and consumables60€11,739€16,884▲
Purchases600/8€11,739€16,884▲
Services and other goods61€4.4m€6.1m▲
Remuneration, social security and pensions62€9.6m€10.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€240,982€449,922▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4,430
Other operating charges640/8€68,837€101,173▲
Non-recurring operating charges66A€21,544€313,332▲
Operating profit (loss)9901€215,489-€387,169▼
Financial income75/76B€38,973€53,053▲
Recurring financial income75€38,973€53,053▲
Income from financial fixed assets750€6,466€2,243▼
Income from current assets751€19,542€36,269▲
Other financial income752/9€12,965€14,542▲
Financial charges65/66B€32,901€63,265▲
Recurring financial charges65€32,901€63,265▲
Debt charges650€28,351€27,727▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€8,032-€2,209▲
Other financial charges652/9€12,582€37,747▲
Profit (loss) for the period before taxes9903€221,561-€397,381▼
Income taxes67/77€6,171€1,635▼
Taxes670/3€6,171€8,632▲
Tax adjustments and reversals of tax provisions77-€6,997
Profit (loss) for the period9904€215,390-€399,016▼
Profit (loss) for the period to be appropriated9905€215,390-€399,016▼
Appropriation of the result
Profit (loss) to be appropriated9906€215,390€481,072▲
Profit (loss) brought forward from the previous period14P-€880,088
From contributions791€664,698-
Social balance
Average headcount (FTE)9087132.4140.7▲

The notes to these accounts (90 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€9.7m€10.8m€12.7m€14.5m€17.4m▲ 20.0%
Turnover70€526,030€493,206€660,452€2.1m€2.2m▲ 7.9%
Own construction capitalised72€282,520€232,068€40,440€19,769€299,738▲ 1,416%
Other operating income74€1.2m€1.4m€1.6m€930,417€1.0m▲ 9.0%
Non-recurring operating income76A-€9,505€6,130€32,405€15,722▼ 51.5%
Operating charges60/66A€9.5m€11.4m€13.3m€14.3m€17.8m▲ 24.5%
Goods for resale, raw materials and consumables60€3,323€39,722€19,336€11,739€16,884▲ 43.8%
Purchases600/8€3,323€39,722€19,336€11,739€16,884▲ 43.8%
Services and other goods61€3.2m€3.4m€4.7m€4.4m€6.1m▲ 39.9%
Remuneration, social security and pensions62€5.8m€7.6m€8.2m€9.6m€10.8m▲ 12.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€335,155€267,368€257,397€240,982€449,922▲ 86.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€50,292-€22,136-€60,184-€4,430-
Other operating charges640/8€90,570€102,824€172,197€68,837€101,173▲ 47.0%
Non-recurring operating charges66A-€20,820€11,085€21,544€313,332▲ 1,354%
Operating profit (loss)9901€228,752-€605,500-€562,102€215,489-€387,169▼ 280%
Financial income75/76B€2,888€42,963€12,941€38,973€53,053▲ 36.1%
Recurring financial income75€2,792€42,963€12,941€38,973€53,053▲ 36.1%
Income from financial fixed assets750€2,792-€11,401€6,466€2,243▼ 65.3%
Income from current assets751-€12,626€1,539€19,542€36,269▲ 85.6%
Other financial income752/9€0€30,337€2€12,965€14,542▲ 12.2%
Non-recurring financial income76B€96-----
Financial charges65/66B€43,573€79,778€23,718€32,901€63,265▲ 92.3%
Recurring financial charges65€43,423€79,778€23,718€32,901€63,265▲ 92.3%
Debt charges650€30,980€20,735€16,630€28,351€27,727▼ 2.2%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€519€44,719-€16,794-€8,032-€2,209▲ 72.5%
Other financial charges652/9€11,924€14,324€23,882€12,582€37,747▲ 200%
Non-recurring financial charges66B€150-----
Profit (loss) for the period before taxes9903€188,066-€642,315-€572,878€221,561-€397,381▼ 279%
Income taxes67/77€3,253€2,790€3,882€6,171€1,635▼ 73.5%
Taxes670/3€3,253€3,908€3,882€6,171€8,632▲ 39.9%
Tax adjustments and reversals of tax provisions77-€1,118--€6,997-
Profit (loss) for the period9904€184,813-€645,105-€576,760€215,390-€399,016▼ 285%
Profit (loss) for the period to be appropriated9905€184,813-€645,105-€576,760€215,390-€399,016▼ 285%
Line20212022202320242025Change
Assets
Total assets20/58€45.7m€53.5m€78.6m€81.4m€76.2m▼ 6.4%
Fixed assets21/28€23.3m€25.9m€31.6m€35.1m€38.6m▲ 9.9%
Intangible fixed assets21€266,733€316,246€195,338€544,999€551,442▲ 1.2%
Tangible fixed assets22/27€22.9m€25.4m€31.2m€34.4m€37.9m▲ 10.1%
Land and buildings22€22.5m€24.8m€29.8m€33.9m€37.2m▲ 9.7%
Plant, machinery and equipment23€10,450€8,509€6,006€3,926€3,448▼ 12.2%
Furniture and vehicles24€106,620€122,002€90,580€78,750€51,316▼ 34.8%
Other tangible fixed assets26€43,404€38,113€658,544€120,698€42,105▼ 65.1%
Assets under construction and advance payments27€314,752€484,172€621,421€260,493€539,877▲ 107%
Financial fixed assets28€145,743€166,085€188,385€203,185€213,785▲ 5.2%
Affiliated companies280/1€100,200€100,200€101,000€101,000€101,000=
Participating interests280€100,200€100,200€101,000€101,000€101,000=
Other financial fixed assets284/8€45,543€65,885€87,385€102,185€112,785▲ 10.4%
Shares284€33,239€51,831€60,831€60,831€76,831▲ 26.3%
Amounts receivable and cash guarantees285/8€12,304€14,054€26,554€41,354€35,954▼ 13.1%
Current assets29/58€22.3m€27.6m€47.0m€46.3m€37.6m▼ 18.7%
Amounts receivable within one year40/41€15.9m€24.6m€38.5m€36.2m€29.8m▼ 17.5%
Trade receivables40€15.8m€24.4m€38.1m€35.8m€29.5m▼ 17.6%
Other amounts receivable41€105,052€150,130€325,421€336,534€329,134▼ 2.2%
Current investments50/53€421,250€339,233€1.9m€2.4m€2.9m▲ 18.7%
Cash at bank and in hand54/58€5.9m€2.5m€6.5m€7.5m€4.6m▼ 38.9%
Deferred charges and accrued income490/1€122,352€155,399€137,627€132,175€282,539▲ 114%
Equity and liabilities
Total equity and liabilities10/49€45.7m€53.5m€78.6m€81.4m€76.2m▼ 6.4%
Equity10/15€25.0m€28.2m€36.6m€40.9m€44.4m▲ 8.5%
Contributions10/11-€162,962€162,962€162,962€162,962=
Capital10-€162,962€162,962€162,962€162,962=
Reserves13€9.6m€9.2m€12.5m€11.5m€10.8m▼ 6.0%
Profit (loss) carried forward14---€880,088€481,072▼ 45.3%
Investment grants15€15.3m€18.8m€24.0m€28.4m€33.0m▲ 16.0%
Provisions and deferred taxes16--€23,500---
Provisions for liabilities and charges160/5--€23,500---
Other liabilities and charges164/5--€23,500---
Amounts payable17/49€20.6m€25.3m€41.9m€40.5m€31.8m▼ 21.3%
Amounts payable after more than one year17€1.2m€1.1m€1.0m€931,572€836,609▼ 10.2%
Financial debts170/4€1.2m€1.1m€1.0m€931,572€836,609▼ 10.2%
Credit institutions173€1.2m€1.1m€1.0m€931,572€836,609▼ 10.2%
Amounts payable within one year42/48€7.7m€9.6m€15.0m€16.3m€12.7m▼ 22.5%
Current portion of amounts payable after more than one year42€81,672€81,768€93,547€94,120€82,063▼ 12.8%
Financial debts43€2,435€3,748€1,829€2,376--
Credit institutions430/8€2,435€3,748€1,829€2,376--
Trade debts44€1.3m€666,790€513,639€585,434€1.9m▲ 227%
Suppliers440/4€1.3m€666,790€513,639€585,434€1.9m▲ 227%
Advances received on contracts in progress46---€6,400€264,763▲ 4,037%
Taxes, remuneration and social security45€1.1m€1.7m€1.4m€1.5m€1.7m▲ 14.3%
Taxes450/3€293,684€436,921€321,239€340,171€414,914▲ 22.0%
Remuneration and social security454/9€791,274€1.3m€1.1m€1.2m€1.3m▲ 12.1%
Accrued charges and deferred income492/3€11.7m€14.6m€25.9m€23.2m€18.3m▼ 21.0%
Line20212022202320242025Change
Profit (loss) for the period9904€184,813-€645,105-€576,760€215,390-€399,016▼ 285%
+ Depreciation and write-downs630€335,155€267,368€257,397€240,982€449,922▲ 86.7%
Operating cash flow (approximation)€519,969-€377,737-€319,363€456,372€50,906▼ 88.8%
Investment in fixed assets (approximation)--€2.8m-€5.9m-€3.8m-€3.9m▼ 3.7%
Change in cash--€3.4m€3.9m€1.1m-€2.9m▼ 373%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-09
State Gazette act Appointments: VERSCHUEREN Christian, PAQUES Hervé and 3 others
21 facts ▸
  • General meeting, 13-06-2026
  • Board composition, CHIWY Brigitte (director)
  • Board composition, DE JAEGER Luc (director)
  • Board composition, de MONTPELLIER d'ANNEVOIE Clotilde (director)
  • Board composition, DE PLAEN Eric (director)
  • Board composition, GOUBOUT-GUILLEMYN Michelle (director)
  • Board composition, LEPRINCE Pierre (director)
  • Board composition, MALENGREAU Alain (director)
  • Board composition, MEEKERS Sylvie (director)
  • Board composition, PAQUES Hervé (director)
  • Board composition, PAQUET Alain (director)
  • Board composition, PUTS Claude (director)
  • +9 further facts in this act
02-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €215,390
Net result €215,390 after 2 loss-making years.
26-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€645,105
Net result drops to -€645,105, the lowest in the series; recovery starts the following year.
20-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Equity above €25mEq €25.0m ▲16.8%
2 profitable years in a row build equity to €25.0m.
09-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €143,230
Net result €143,230 after one loss-making year.
24-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
03-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 46 acts read
About the unread acts

Of the 46 Belgian State Gazette acts we know for this company, 1 has been read. The other 45 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
under verification, last change in 2026
This board is reconstructed from a single act (26118988). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

VERSCHUEREN Christian
Chair · since 13-06-2026
Current
PAQUES Hervé
Vice-chair · since 13-06-2026
Current
PAQUET Alain
Vice-chair · since 13-06-2026
Current

Other functions 2

GOUBOUT-GUILLEMYN Michelle
Secretary · since 13-06-2026
Current
Luc André De Jaeger
Treasurer · since 13-06-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
45 of this company's 46 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Namur · 9 establishment units since 2006
seat establishment 8 of 9 establishment units on the map
Ground area
4.2 ha
Building footprint
4,876 m²
Volume, LiDAR
49,381 m³
8 parcels, Brussels, Wallonia · tallest building 48.6 m, ±8 floors. Linked by address, not a title deed.
9 establishment units
Natagora
Traverse des Muses(NR) 1, 5000 NamurNACE 92530
since 20062.155.504.504
Bureaux
Rue Fusch 3, 4000 LiègeLibraries, archives, museums and other cultural activities
since 20082.230.431.658
Bureaux
Edinburgstraat 18-26, 1050 ElseneLibraries, archives, museums and other cultural activities
since 20082.230.431.757
Centre d’initiation
Rue du Préaux(HAR) 5, 7321 BernissartLibraries, archives, museums and other cultural activities
since 20082.230.431.955
Centre d’initiation
Rue du Parc 4, 4577 ModaveLibraries, archives, museums and other cultural activities
since 20082.230.432.252
Bureaux
Rue Defuisseaux(T) 32, 7333 Saint-GhislainLibraries, archives, museums and other cultural activities
since 20082.230.432.351
Show 3 more locations
Bureaux
Rue Camille-Joset,Rossignol 1, 6730 TintignyLibraries, archives, museums and other cultural activities
since 20082.230.432.549
Bureaux
Place Didier 45, 6700 ArlonLibraries, archives, museums and other cultural activities
since 20082.230.432.747
Bureaux
Medell,Hervert 47, 4770 AmelLibraries, archives, museums and other cultural activities
since 20082.230.432.945
8 parcels
Wallonia 7 (87.5%) Brussels 1 (12.5%)
Parcel (capakey) Region Area Buildings Height / fl.
61041A0248/00C000
ProtectedMonument · Site or landscape
Wallonia 2.8 ha 1 · 1,136 m² 48.6 m · 8 fl.
53075E0425/00X002 Wallonia 4,881 m² 1 · 281 m² 18.7 m · 5 fl.
81001A0731/00P000 Wallonia 2,084 m² - -
92094A0209/00E002 Wallonia 1,919 m² 1 · 1,293 m² -
62803D0034/00M000
ProtectedSite or landscape
Wallonia 1,757 m² 1 · 819 m² 13.0 m · 2 fl.
85029A3041/00F000 Wallonia 1,721 m² 1 · 899 m² 10.7 m · 2 fl.
51472C0191/00D000 Wallonia 1,591 m² 1 · 118 m² -
21009A0786/00H000 Brussels 682 m² 1 · 330 m² 22.6 m · 7 fl.
Linked by address, not proof of ownership
Good to know
8 of 8 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Mandate history

5 people since 2026, 5 in office
Show
  • Board
  • Other function
Mandates per person, with start and end dates
Name Functions and periods
PAQUES Hervé
  • Vice-chair, from 13-06-2026 to date
PAQUET Alain
  • Vice-chair, from 13-06-2026 to date
VERSCHUEREN Christian
  • Chair, from 13-06-2026 to date
GOUBOUT-GUILLEMYN Michelle
  • Secretary, from 13-06-2026 to date
Luc André De Jaeger
  • Treasurer, from 13-06-2026 to date
See the board, name and seat on a given date →

Structure & network

Connections & network

3 connected companies
Linked via shared directors
KAIZENCO
via Luc André De Jaeger · Permanent representative
→
EuroCommerce
via VERSCHUEREN Christian · Secrétaire général
former→

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1
4 locations

Public money · subsidies and aid

Federal government

2025 · 1 entry · 6,446 EUR in total
Year Department Transactions Amount
2025 POD Wetenschapsbeleid 1 6,446 EUR

Wallonia-Brussels Federation

2023 to 2025 · 11 entries · 2,030,784 EUR in total

European Union, budget

2022 to 2025 · 5 entries · 13,327,600 EUR in total
Year Entries awarded
2025 1 1,160,238 EUR
2024 1 4,737,340 EUR
2023 1 4,812,399 EUR
2022 2 2,617,623 EUR
Projects
LIFE22-NAT-BE-LIFE ATLANTICVALLEYS - RESTORATION OF WET AND TRANSITION BIOTOPS IN THE ATLANTIC VALLEYS OF WALLONIA
Programme for Environment and Climate Action · 01-12-2023 to 30-11-2029 · 4,812,399 EUR
LIFE23-NAT-BE-LIFE ARDENNEISLEK - RENFORCER LA CONNECTIVITÉ DES MILIEUX OUVERTS ET DES POPULATIONS D'ESPÈCES PRIORITAIRES QUI S'Y ASSOCIENT DANS LA RÉGION TRANSFRONTALIÈRE DE L'ARDENNE ORIENTALE BELGE ET DE L'EISLEK LUXEMBOURGEOIS
Programme for Environment and Climate Action · 01-01-2025 to 31-12-2031 · 4,737,340 EUR
LIFE21-IPN-BE-B4B LIFE - BELGIUM FOR BIODIVERSITY
Programme for Environment and Climate Action · 01-01-2023 to 31-12-2031 · 2,433,858 EUR
FUTURE PROOFING THE CONSERVATION OF ENDANGERED AMPHIBIAN SPECIES: BRIDGING POPULATION RECOVERY WITH HABITAT RESTORATION, CLIMATE ADAPTATION AND POLICY INTEGRATION
Programme for Environment and Climate Action · 01-09-2025 to 31-08-2031 · 1,160,238 EUR · LIFE24-NAT-BE-LIFE ToadAlly
LIFE21-NAT-FR-LIFE SAFELINES4BIRDS - REDUCING BIRD MORTALITY CAUSED BY POWER LINES
Programme for Environment and Climate Action · 01-01-2023 to 31-12-2028 · 183,764 EUR

Recognitions · licences · registrations

Food safety, FASFC

1 site
Namur2.155.504.504
1 permission
Boerderij - schapen en geiten · since 23-09-2020

Legal Entity Identifier

699400GBVHX9I1VDHG65
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 1,177 companies in sector 72109 we hold annual accounts for 717. 97 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formNon-profit association
Founded11-05-1987
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
91420Libraries, archives, museums and other cultural activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0434366097
Registered 09-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.