Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Short-term debts rose from €1,372 to €3,587.
Higher solvency than 95% of companies in office administrative support. Sector median 50.2% · 10,256 companies.
In July 2024, 6,920 companies had the same profile as NATCOM has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
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 6,920 companies, not a prediction for NATCOM. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| NATCOM Brussels | €102,118 | €1,024 | 96.5% | - |
| CITS V SERVICE (BELGIUM) Woluwe-Saint-Lambert | €119,148 | -€22,657 | -1294.8% | 3 |
| ARCS Charleroi | €90,287 | €851 | -2.7% | - |
| Parcway consulting Knokke-Heist | €131,228 | -€5,029 | 9.0% | - |
| BRYCE MANAGEMENT Boechout | €135,656 | -€21,436 | 98.2% | - |
| S.F.V. IMMO Jette | €142,589 | €572 | 37.2% | - |
| DACTYMAT Woluwe-Saint-Lambert | €70,406 | -€4,603 | 78.9% | - |
These companies have the same main activity as NATCOM: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €70,400 and €143,000, founded between 2006 and 2011.
NATCOM files the micro format. That format states no turnover. The gross margin fell from €45,259 in 2009 to €1,024 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €5,500. Estimated: probably between €3,300 and €9,500.
Higher than 95% of 10,256 companies in 2025.
Higher than 95% of 9,838 companies in 2025.
Higher than 22% of 9,980 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
102,118 | 100,362 | 101,992 | 103,473 | 115,575 | 125,799 | 162,811 | 168,103 | 146,637 | 120,571 | 101,071 | 96,923 | 93,650 | 108,568 | 79,015 | 76,592 | 69,661 | |
21/28 |
- | - | - | - | - | 88 | 12,038 | 24,758 | 37,495 | 1,132 | 1,560 | 3,022 | 4,730 | 9,038 | 12,184 | 13,865 | 17,774 | |
22/27 |
- | - | - | - | - | - | 11,950 | 24,671 | 37,407 | 1,044 | 1,560 | 3,022 | 4,705 | 9,013 | 12,159 | 13,840 | 17,749 | |
24 |
- | - | - | - | - | - | 11,950 | 24,671 | 37,407 | 1,044 | 1,560 | 3,022 | 4,705 | 9,013 | 12,159 | 13,840 | 17,749 | |
28 |
- | - | - | - | - | 88 | 88 | 88 | 88 | 88 | - | - | 25 | 25 | 25 | 25 | 25 | |
29/58 |
102,118 | 100,362 | 101,992 | 103,473 | 115,575 | 125,711 | 150,774 | 143,345 | 109,142 | 119,440 | 99,511 | 93,900 | 88,919 | 99,531 | 66,830 | 62,728 | 51,887 | |
40/41 |
82,783 | 74,294 | 69,206 | 68,614 | 91,795 | 119,251 | 140,233 | 120,581 | 99,225 | 87,682 | 80,967 | 93,455 | 86,181 | 70,821 | 35,258 | 42,083 | 11,542 | |
40 |
6,587 | 6,587 | 7,000 | 5,983 | - | - | 19,386 | 23,430 | 23,067 | 30,096 | 21,296 | 15,809 | - | 6,900 | 17,940 | 7,360 | - | |
41 |
76,196 | 67,707 | 62,206 | 62,631 | 91,795 | 119,251 | 120,848 | 97,151 | 76,158 | 57,586 | 59,671 | 77,646 | 86,181 | 63,921 | 17,318 | 34,723 | 11,542 | |
54/58 |
18,140 | 25,024 | 31,704 | 33,581 | 22,403 | 4,842 | 8,837 | 21,085 | 9,918 | 31,758 | 18,543 | 446 | 2,738 | 28,710 | 31,573 | 20,644 | 40,344 | |
490/1 |
1,195 | 1,044 | 1,082 | 1,277 | 1,377 | 1,618 | 1,703 | 1,678 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
102,118 | 100,362 | 101,992 | 103,473 | 115,575 | 125,799 | 162,811 | 168,103 | 146,637 | 120,571 | 101,071 | 96,923 | 93,650 | 108,568 | 79,015 | 76,592 | 69,661 | |
10/15 |
98,531 | 98,991 | 100,671 | 100,245 | 98,114 | 98,751 | 128,274 | 106,503 | 83,773 | 82,766 | 81,035 | 65,249 | 64,607 | 79,128 | 52,726 | 46,578 | 30,863 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
92,331 | 92,791 | 94,471 | 94,045 | 91,914 | 92,551 | 122,074 | 100,303 | 77,573 | 76,566 | 74,835 | 59,049 | 58,407 | 72,928 | 46,526 | 40,378 | 24,663 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
90,471 | 90,931 | 92,611 | 92,185 | 90,054 | 90,691 | 120,214 | 98,443 | 75,713 | 74,706 | 72,975 | 57,189 | 56,547 | 71,068 | 44,666 | 38,518 | 22,803 | |
17/49 |
3,587 | 1,372 | 1,321 | 3,227 | 17,461 | 27,048 | 34,537 | 61,600 | 62,864 | 37,805 | 20,036 | 31,673 | 29,043 | 29,441 | 26,289 | 30,014 | 38,798 | |
17 |
- | - | - | - | - | - | 6,574 | 15,194 | 23,651 | - | - | - | - | 1,723 | 5,045 | 8,207 | 11,218 | |
170/4 |
- | - | - | - | - | - | 6,574 | 15,194 | 23,651 | - | - | - | - | 1,723 | 5,045 | 8,207 | 11,218 | |
42/48 |
3,587 | 1,372 | 1,321 | 2,897 | 17,461 | 27,048 | 27,964 | 46,407 | 39,213 | 37,805 | 20,036 | 31,673 | 29,043 | 27,717 | 21,244 | 21,807 | 27,581 | |
42 |
- | - | - | - | - | 6,574 | 8,620 | 8,458 | 8,298 | - | - | - | 5,831 | 7,445 | 7,281 | 7,114 | 6,905 | |
43 |
- | - | - | - | - | 207 | - | - | - | - | - | 730 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | 207 | - | - | - | - | - | 730 | - | - | - | - | - | |
44 |
2,910 | 1,193 | 971 | 1,655 | 7,443 | 2,168 | 97 | 1,210 | 85 | 203 | 3,606 | 4,524 | 4,710 | 5,305 | 4,895 | 6,962 | 4,221 | |
440/4 |
2,910 | 1,193 | 971 | 1,655 | 7,443 | 2,168 | 97 | 1,210 | 85 | 203 | 3,606 | 4,524 | 4,710 | 5,305 | 4,895 | 6,962 | 4,221 | |
45 |
677 | 179 | 350 | 872 | 1,094 | 9,700 | 15,047 | 30,648 | 17,829 | 2,602 | 14,511 | 6,542 | 1,302 | 10,842 | 8,668 | 4,730 | 15,855 | |
450/3 |
677 | 179 | 350 | 872 | 1,094 | 9,700 | 14,246 | 28,377 | 17,182 | 2,602 | 14,319 | 6,538 | - | 3,150 | 224 | 4,075 | 4,090 | |
454/9 |
- | - | - | - | - | - | 801 | 2,271 | 647 | - | 193 | 4 | 1,302 | 7,692 | 8,444 | 655 | 11,765 | |
47/48 |
- | - | - | 370 | 8,925 | 8,400 | 4,200 | 6,091 | 13,000 | 35,000 | 1,918 | 19,878 | 17,200 | 4,126 | 400 | 3,000 | 600 | |
492/3 |
- | - | - | 330 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | 413 | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
1,024 | -470 | 672 | 3,261 | -996 | -19,786 | 41,564 | 51,388 | 35,482 | 36,206 | 17,368 | -1,077 | -1,978 | 41,208 | 12,143 | 28,854 | 45,259 | |
630 |
- | - | - | - | - | 11,950 | 12,720 | 13,142 | 13,007 | 766 | 1,462 | 1,683 | 5,767 | 5,281 | 4,765 | 3,910 | 6,310 | |
640/8 |
932 | 994 | 1,039 | 510 | 1,087 | 1,036 | 1,250 | 814 | 1,334 | 795 | 1,000 | 878 | 904 | 809 | 793 | 1,219 | 1,735 | |
9901 |
92 | -1,464 | -368 | 2,752 | -2,083 | -32,773 | 27,594 | 37,432 | 21,141 | 34,645 | 14,906 | -3,638 | -8,649 | 35,118 | 6,585 | 23,725 | 37,214 | |
75/76B |
- | - | 831 | 99 | 2,584 | 4,159 | 4,503 | 4,926 | 3,496 | 3,574 | 10,316 | 6,006 | 7,019 | 4,008 | 3,115 | 74 | 43 | |
75 |
- | - | 831 | 99 | 2,584 | 4,159 | 4,503 | 4,926 | 3,496 | 3,574 | 10,316 | 6,006 | 7,019 | 4,008 | 3,115 | 74 | 43 | |
65/66B |
52 | 38 | 37 | 719 | 671 | 493 | 1,042 | 728 | 1,408 | 715 | 441 | 155 | 567 | 907 | 853 | 1,048 | 606 | |
65 |
52 | 38 | 37 | 719 | 671 | 493 | 1,042 | 728 | 1,408 | 715 | 441 | 155 | 567 | 907 | 853 | 1,048 | 606 | |
9903 |
39 | -1,502 | 426 | 2,131 | -170 | -29,107 | 31,055 | 41,630 | 23,229 | 37,504 | 24,781 | 2,213 | -2,197 | 38,219 | 8,847 | 22,750 | 36,651 | |
67/77 |
499 | 179 | - | - | 467 | 416 | 9,284 | 12,900 | 9,222 | 774 | 8,995 | 1,570 | 324 | 11,817 | 2,699 | 7,034 | 11,989 | |
9904 |
-459 | -1,681 | 426 | 2,131 | -637 | -29,523 | 21,771 | 28,730 | 14,007 | 36,730 | 15,786 | 643 | -2,521 | 26,402 | 6,148 | 15,716 | 24,663 | |
9905 |
-459 | -1,681 | 426 | 2,131 | -637 | -29,523 | 21,771 | 28,730 | 14,007 | 36,730 | 15,786 | 643 | -2,521 | 26,402 | 6,148 | 15,716 | 24,663 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-459 | -1,681 | 426 | 2,131 | -637 | -29,523 | 21,771 | 28,730 | 14,007 | 36,730 | 15,786 | 643 | -2,521 | 26,402 | 6,148 | 15,716 | 24,663 | |
791/2 |
459 | 1,681 | - | - | 637 | 29,523 | - | - | - | - | - | - | 14,521 | - | - | - | - | |
691/2 |
- | - | 426 | 2,131 | - | - | 21,771 | 22,730 | 1,007 | 1,730 | 15,786 | 643 | - | 26,402 | 6,148 | 15,716 | 24,663 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | 426 | 2,131 | - | - | 21,771 | 22,730 | 1,007 | 1,730 | 15,786 | 643 | - | 26,402 | 6,148 | 15,716 | 22,803 | |
694/7 |
- | - | - | - | - | - | - | 6,000 | 13,000 | 35,000 | - | - | 12,000 | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | 13,000 | - | - | - | 12,000 | - | - | - | - | |
695 |
- | - | - | - | - | - | - | 6,000 | - | 35,000 | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 4 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 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00212066 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00200576 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00160422 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00182282 | |
| 31-12-2021 | micro format | 16-06-2022 | 2022-20067105 | |
| 31-12-2020 | micro format | 05-10-2021 | 2021-71400349 | |
| 31-12-2019 | micro format | 10-06-2020 | 2020-15800328 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-22700203 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-37300255 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-20300327 | |
| 31-12-2015 | full format | 30-05-2016 | 2016-14000187 | |
| 31-12-2014 | full format | 01-06-2015 | 2015-14100123 | |
| 31-12-2013 | full format | 24-06-2014 | 2014-21000071 | |
| 31-12-2012 | full format | 04-06-2013 | 2013-15100516 | |
| 31-12-2011 | full format | 07-06-2012 | 2012-15600099 | |
| 31-12-2010 | full format | 15-06-2011 | 2011-16700435 | |
| 31-12-2009 | full format | 14-06-2010 | 2010-17900106 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | -20,822 | 40,314 | 50,575 | 34,148 | 35,411 | 16,368 | -1,955 | -2,882 | 40,399 | 11,350 | 27,634 | 43,524 | ||
| - | - | - | - | - | -17,573 | 34,492 | 41,872 | 27,014 | 37,497 | 17,248 | 2,326 | 3,246 | 31,682 | 10,913 | 19,626 | 30,972 | ||
| - | - | - | - | - | 0 | 0 | 406 | 49,370 | 338 | 0 | -25 | 1,460 | 2,134 | 3,085 | 600 | 21,684 | ||
| -6,884 | -6,680 | -1,877 | 11,178 | 17,561 | -3,995 | -12,248 | 11,167 | -21,840 | 13,215 | 18,098 | -2,292 | -25,972 | -2,863 | 10,929 | -19,700 | - | ||
| 98,531 | 98,991 | 100,671 | 100,575 | 98,114 | 98,663 | 122,810 | 96,938 | 69,930 | 81,634 | 79,475 | 62,227 | 59,876 | 71,813 | 45,586 | 40,921 | 24,306 | ||
| 96.5% | 98.6% | 98.7% | 96.9% | 84.9% | 78.5% | 78.8% | 63.4% | 57.1% | 68.6% | 80.2% | 67.3% | 69.0% | 72.9% | 66.7% | 60.8% | 44.3% | ||
| 28.47 | 73.17 | 77.21 | 35.71 | 6.62 | 4.65 | 5.39 | 3.09 | 2.78 | 3.16 | 4.97 | 2.96 | 3.06 | 3.59 | 3.15 | 2.88 | 1.88 | ||
| 0.04 | 0.01 | 0.01 | 0.03 | 0.18 | 0.27 | 0.27 | 0.58 | 0.75 | 0.46 | 0.25 | 0.49 | 0.45 | 0.37 | 0.50 | 0.64 | 1.26 | ||
| -0.5% | -1.7% | 0.4% | 2.1% | -0.6% | -29.9% | 17.0% | 27.0% | 16.7% | 44.4% | 19.5% | 1.0% | -3.9% | 33.4% | 11.7% | 33.7% | 79.9% | ||
| -0.4% | -1.7% | 0.4% | 2.1% | -0.6% | -23.5% | 13.4% | 17.1% | 9.6% | 30.5% | 15.6% | 0.7% | -2.7% | 24.3% | 7.8% | 20.5% | 35.4% |
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.
The operating result for 2025 is a profit of €92, after a loss of €1,464 in 2024. It is the highest result since 2022.
Debt's share of the balance-sheet total rises from 1.4% to 3.5%. Equity is lower and debt is higher.
NATCOM has no parent and no holdings in its annual accounts. is the only director. NATCOM shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Louizalaan 500/5 registered office 1050 Brussels | ||
| Heiligenborre 152 1170 Watermael-Boitsfort | 25-02-2009 | 2.176.363.264 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21652E0838/00D000 | 1,311 m² | 1 · 219 m² | 14.1 m · 3 |
| 21822R0227/00T003 | 1,218 m² | 1 · 1,221 m² | 32.8 m · 2 |
If something looks wrong or is missing, please tell us.