Summary
NATAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €18,645 and a net result of €2,978. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 1495 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
23 d early
2023
on the day
2022
18 d early
2021
5 d early
2020
19 d early
2019
2 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 10 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€18,645▲ 19.0%
2024 · €15,667
Net result
€2,978▲ 210%
2024 · €960
Total assets
€103,403▼ 19.1%
2024 · €127,809
Solvency
18.0%▲ 5.8pp
2024 · 12.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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
Operating result-€403▲ 94.3%€10,500€9,168▼ 12.7%€2,297▼ 75.0%€4,383▲ 90.9%
Net result-€458below the sector's middle half▲ 93.6%€9,703below the sector's middle half€6,042below the sector's middle half▼ 37.7%€960below the sector's middle half▼ 84.1%€2,978below the sector's middle half▲ 210%
Equity-€1,038below the sector's middle half▼ 79.0%€8,665below the sector's middle half€14,707below the sector's middle half▲ 69.7%€15,667below the sector's middle half▲ 6.5%€18,645below the sector's middle half▲ 19.0%
Total assets€130,042below the sector's middle half▲ 7.0%€162,382below the sector's middle half▲ 24.9%€148,086below the sector's middle half▼ 8.8%€127,809below the sector's middle half▼ 13.7%€103,403below the sector's middle half▼ 19.1%
Debt€131,080▲ 7.4%€153,717▲ 17.3%€133,379▼ 13.2%€112,142▼ 15.9%€84,757▼ 24.4%
Working capital€3,406▲ 84.0%€23,028▲ 576%€31,083▲ 35.0%€15,667▼ 49.6%€18,645▲ 19.0%
Solvency-0.8%below the sector's middle half▼ 0.3pp5.3%below the sector's middle half▲ 6.1pp9.9%below the sector's middle half▲ 4.6pp12.3%below the sector's middle half▲ 2.3pp18.0%within the sector's middle half▲ 5.8pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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
The operating result recovers in 2025; 2025 is 91% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €103,403
Equity
€18,645 ▲ 19.0%
Debt
€84,757 ▼ 24.4%
Debt's share of the balance-sheet total falls from 87.7% to 82.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
16.0%▲
2024 · 6.1%
ROA
2.9%▲
2024 · 0.8%
Debt ≤ 1 year
€84,757▼
2024 · €112,142
Income taxes
€1,321▲
2024 · €350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,013 | €2,013 | €2,013 | €1,101 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €111 | €460 | €499 | €1,063 | ▲ 113% |
| Non-recurring operating charges66A | - | €0 | - | €5 | €0 | ▼ 100% |
| Gross operating margin9900 | €1,820 | €12,624 | €11,641 | €3,902 | €5,446 | ▲ 39.6% |
| Operating profit (loss)9901 | -€403 | €10,500 | €9,168 | €2,297 | €4,383 | ▲ 90.9% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | €0 | - | - |
| Financial charges65/66B | - | €50 | €927 | €987 | €84 | ▼ 91.5% |
| Recurring financial charges65 | €55 | €50 | €927 | €987 | €84 | ▼ 91.5% |
| Profit (loss) for the period before taxes9903 | -€458 | €10,450 | €8,242 | €1,310 | €4,299 | ▲ 228% |
| Income taxes67/77 | - | €748 | €2,200 | €350 | €1,321 | ▲ 278% |
| Profit (loss) for the period9904 | -€458 | €9,703 | €6,042 | €960 | €2,978 | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | -€458 | €9,703 | €6,042 | €960 | €2,978 | ▲ 210% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,042 | €162,382 | €148,086 | €127,809 | €103,403 | ▼ 19.1% |
| Fixed assets21/28 | €5,127 | €3,114 | €1,101 | €0 | - | - |
| Tangible fixed assets22/27 | €5,127 | €3,114 | €1,101 | €0 | - | - |
| Furniture and vehicles24 | - | €3,114 | €1,101 | €0 | - | - |
| Current assets29/58 | €124,915 | €159,268 | €146,985 | €127,809 | €103,403 | ▼ 19.1% |
| Amounts receivable within one year40/41 | €110,372 | €147,828 | €109,720 | €117,866 | €93,028 | ▼ 21.1% |
| Trade receivables40 | - | €147,828 | €109,720 | €117,866 | €92,577 | ▼ 21.5% |
| Other amounts receivable41 | - | €0 | - | - | €452 | - |
| Cash at bank and in hand54/58 | €14,544 | €11,440 | €37,266 | €9,442 | €9,850 | ▲ 4.3% |
| Deferred charges and accrued income490/1 | - | - | - | €502 | €524 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,042 | €162,382 | €148,086 | €127,809 | €103,403 | ▼ 19.1% |
| Equity10/15 | -€1,038 | €8,665 | €14,707 | €15,667 | €18,645 | ▲ 19.0% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | -€21,489 | -€11,786 | -€5,744 | -€4,784 | -€1,806 | ▲ 62.3% |
| Amounts payable17/49 | €131,080 | €153,717 | €133,379 | €112,142 | €84,757 | ▼ 24.4% |
| Amounts payable after more than one year17 | €9,571 | €17,477 | €17,477 | €0 | - | - |
| Other amounts payable178/9 | - | €17,477 | €17,477 | €0 | - | - |
| Amounts payable within one year42/48 | €121,509 | €136,241 | €115,902 | €112,142 | €84,757 | ▼ 24.4% |
| Trade debts44 | €121,509 | €133,211 | €111,795 | €110,558 | €82,796 | ▼ 25.1% |
| Suppliers440/4 | - | €133,211 | €111,795 | €110,558 | €82,796 | ▼ 25.1% |
| Taxes, remuneration and social security45 | - | €3,029 | €3,510 | €944 | €1,321 | ▲ 40.0% |
| Taxes450/3 | - | €3,029 | €3,510 | €944 | €1,321 | ▲ 40.0% |
| Other amounts payable47/48 | - | - | €598 | €639 | €639 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€458 | €9,703 | €6,042 | €960 | €2,978 | ▲ 210% |
| + Depreciation and write-downs630 | €2,013 | €2,013 | €2,013 | €1,101 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €1,555 | €11,716 | €8,055 | €2,061 | €2,978 | ▲ 44.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€3,103 | €25,826 | -€27,824 | €408 | ▲ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €9,703
Net result €9,703 after 2 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet -€7,153
Net result drops to -€7,153, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
18-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 1999
Ground area
729 m²
Building footprint
117 m²
Volume, LiDAR
779 m³
Parcel 34017B0804/00G006, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tieltsestraat 26, 8531 Harelbeke
since 19992.080.300.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017B0804/00G006 | Flanders | 729 m² | 1 · 117 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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THESA
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Of 63 companies in sector 66110 we hold annual accounts for 37. 12 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-1997
Fiscal year end30-06
Activities, NACEBEL 2025
66110Activities auxiliary to financial services and insurance activities
28299Manufacture of machinery and equipment not elsewhere classified
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47511Retail trade
63100Computing infrastructure, data processing, hosting and related activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459578971
Also
9925:BE0459578971
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.