NATOREA
ActiveThe computed 12-month bankruptcy probability of NATOREA is 1.6% (moderate). The 2025 annual accounts show equity of €118k and a net result of €15k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 18035 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
86
/ 100
Excellent▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-23
Solvency77▲+17
Growth52=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.48 in 2024), but 61.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
38.1%
Return on assets
4.8%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
29 d late
2023
2 d early
2022
2 d early
2021
9 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€118k▲ 14.5%
2024 · €103k
2021: €67k
2022: €79k
2023: €105k
2024: €103k
2021 → 2025
Total assets
€309k▼ 5.6%
2024 · €328k
2021: €319k
2022: €334k
2023: €335k
2024: €328k
2021 → 2025
Net result
€15k▼ 15.2%
2024 · €18k
2021: €27k
2022: €12k
2023: €26k
2024: €18k
2021 → 2025
Working capital
€45k▲ 29.3%
2024 · €35k
2021: €-6k
2022: €16k
2023: €41k
2024: €35k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€79k▲ 18.6%€105k▲ 33.2%€103k▼ 2.2%€118k▲ 14.5%
Operating result€43k-€24k▼ 44.3%€40k▲ 68.4%€27k▼ 32.6%€25k▼ 9.6%
Net result€27k-€12k▼ 53.6%€26k▲ 112%€18k▼ 32.8%€15k▼ 15.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309k
Fixed assets
€208k▼ 5.4%
Current assets
€101k▼ 6.1%
Equity and liabilities €309k
Equity
€118k▲ 14.5%
Debt
€191k▼ 14.9%
The debt ratio falls from 68.6% to 61.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€37k▼
2024 · €40k
Cash flow
€27k▼
2024 · €31k
Solvency
38.1%▲
2024 · 31.4%
Current ratio
1.80▲
2024 · 1.48
Quick ratio
1.28▲
2024 · 1.02
Debt / equity
1.62▼
2024 · 2.18
ROE
12.7%▼
2024 · 17.1%
ROA
4.8%▼
2024 · 5.4%
Interest coverage
7.92▲
2024 · 7.56
Debt
€191k▼
2024 · €225k
Debt ≤ 1 year
€56k▼
2024 · €73k
Debt > 1 year
€131k▼
2024 · €148k
Income taxes
€6k▲
2024 · €4k
Staff costs
€1k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€328k€309k▼
Fixed assets21/28€220k€208k▼
Tangible fixed assets22/27€220k€208k▼
Land and buildings22€185k€179k▼
Plant, machinery and equipment23€29k€25k▼
Furniture and vehicles24€6k€5k▼
Current assets29/58€108k€101k▼
Stocks and contracts in progress3€33k€29k▼
Stocks30/36€33k€29k▼
Amounts receivable within one year40/41€6k€5k▼
Trade receivables40€2k€2k▼
Other amounts receivable41€4k€4k=
Cash at bank and in hand54/58€65k€61k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€328k€309k▼
Equity10/15€103k€118k▲
Contributions10/11€40k€40k=
Reserves13€25k€40k▲
Distributable reserves133€25k€40k▲
Profit (loss) carried forward14€38k€38k=
Amounts payable17/49€225k€191k▼
Amounts payable after more than one year17€148k€131k▼
Financial debts170/4€148k€131k▼
Amounts payable within one year42/48€73k€56k▼
Current portion of amounts payable after more than one year42€26k€22k▼
Trade debts44€5k€7k▲
Suppliers440/4€447€606▲
Bills of exchange payable441€5k€6k▲
Taxes, remuneration and social security45€10k€5k▼
Taxes450/3€9k€5k▼
Remuneration and social security454/9€613€170▼
Other amounts payable47/48€32k€22k▼
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€2k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€45k€41k▼
Operating profit (loss)9901€27k€25k▼
Financial income75/76B€1€734▲
Recurring financial income75€1€734▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€22k€21k▼
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€18k€15k▼
Profit (loss) for the period to be appropriated9905€18k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€53k▼
Profit (loss) brought forward from the previous period14P€40k€38k▼
Transfer to equity691/2-€15k
To other reserves6921-€15k
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
State Gazette act
General meeting · Director appointmentGeneral meeting · Director appointment · Shareholding4 facts ▸
State Gazette act
General meeting · Director appointment
General meeting · Director appointment · Shareholding4 facts ▸
- General meeting, 2026-08-17
- Director appointment, Joachim Delbart (administrateur non rémunéré)
- Shareholding, 75
- Shareholding, 25
04-08
State Gazette act
Capital & shares · Resignations & appointmentsGeneral meeting · Director resignation · Share transfer4 facts ▸
State Gazette act
Capital & shares · Resignations & appointments
General meeting · Director resignation · Share transfer4 facts ▸
- General meeting, 30 juin 2026
- Director resignation, Géraldine Mathot (administratrice)
- Share transfer, Géraldine Mathot → Christophe Van De Ponseele
- Director discharge, Géraldine Mathot
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €105k ▲33.2%
3 profitable years in a row build equity to €105k.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €12k ▼53.6%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Joachim DELBART
CurrentAdministrateur non rémunéré · since 17-08-2026
17-08-2026
Joachim DELBART: Appointed as Administrateur non rémunéré
30-06-2026
Géraldine Mathot: Resigned as Director
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Dorez(TOU) 217500 TournaiGround area
85 m²
Building footprint
51 m²
Volume, LiDAR
656 m³
Parcel 57081E0535/00A000, Wallonia · tallest building 14.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Natorea
since 20202.301.735.071
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081E0535/00A000 | Wallonia | 84 m² | 1 · 51 m² | 14.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyLinked via shared directors
viaJoachim DELBART · Director
→
Capital and shareholders
Transfer of 50 shares from Géraldine Mathot to Christophe Van De Ponseele
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.301.735.071
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Of 1,064 companies in sector 47741 we hold annual accounts for 640. 493 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-03-2020
Fiscal year end31-12
Activities, NACEBEL
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
47120Other non-specialised retail sale
47553Retail trade
47593Retail trade
47910Retail trade
58110Book publishing
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:natorea@natorea.be