Natuurvlam
ActiveSummary
Natuurvlam has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256k and a net result of €47k. Equity is growing by ~46.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-4
Solvency38▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.92 against 1.28 in 2024; short-term debt: 18.7% and cash: 1.6% of total assets), and 86.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
54 d late
2024
19 d late
2023
37 d early
2022
4 d early
2021
26 d early
2020
4 d early
2019
32 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€256k▲ 22.3%
2024 · €209k
2019: €-2k
2020: €8k
2021: €46k
2022: €107k
2023: €159k
2024: €209k
2019 → 2025
Total assets
€1.96M▲ 70.8%
2024 · €1.15M
2019: €59k
2020: €75k
2021: €124k
2022: €1.07M
2023: €1.10M
2024: €1.15M
2019 → 2025
Net result
€47k▼ 7.0%
2024 · €50k
2019: €-12k
2020: €10k
2021: €38k
2022: €61k
2023: €52k
2024: €50k
2019 → 2025
Working capital
€-29k
2024 · €81k
2019: €-8k
2020: €-651
2021: €42k
2022: €25k
2023: €57k
2024: €81k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€107k▲ 133%€159k▲ 48.4%€209k▲ 31.6%€256k▲ 22.3%
Operating result€49k-€90k▲ 82.8%€96k▲ 7.1%€115k▲ 18.9%€127k▲ 11.1%
Net result€38k-€61k▲ 60.6%€52k▼ 15.1%€50k▼ 3.2%€47k▼ 7.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€1.62M ▲ 109%
Current assets
€337k ▼ 9.6%
Equity and liabilities €1.96M
Equity
€256k ▲ 22.3%
Debt
€1.70M ▲ 81.6%
Debt's share of the balance-sheet total rises from 81.8% to 86.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€184k▲
2024 · €148k
Cash flow
€104k▲
2024 · €83k
Current ratio
0.92▼
2024 · 1.28
Quick ratio
0.30▼
2024 · 0.74
Debt to equity
6.66▲
2024 · 4.48
ROE
18.2%▼
2024 · 24.0%
ROA
2.4%▼
2024 · 4.4%
Interest coverage
2.72▼
2024 · 2.90
Debt ≤ 1 year
€366k▲
2024 · €292k
Debt > 1 year
€1.34M▲
2024 · €646k
Income taxes
€13k▼
2024 · €14k
Staff costs
€166k▼
2024 · €193k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.15M€1.96M▲
Fixed assets21/28€774k€1.62M▲
Tangible fixed assets22/27€773k€1.62M▲
Land and buildings22€747k€1.60M▲
Plant, machinery and equipment23€1k€600▼
Furniture and vehicles24€25k€21k▼
Financial fixed assets28€1k€1k=
Current assets29/58€372k€337k▼
Stocks and contracts in progress3€157k€228k▲
Stocks30/36€157k€228k▲
Amounts receivable within one year40/41€141k€78k▼
Trade receivables40€141k€78k▼
Cash at bank and in hand54/58€74k€31k▼
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.96M▲
Equity10/15€209k€256k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€199k€246k▲
Amounts payable17/49€938k€1.70M▲
Amounts payable after more than one year17€646k€1.34M▲
Financial debts170/4€646k€1.34M▲
Amounts payable within one year42/48€292k€366k▲
Current portion of amounts payable after more than one year42€56k€96k▲
Financial debts43€150k€150k=
Credit institutions430/8€150k€150k=
Trade debts44€17k€51k▲
Suppliers440/4€17k€51k▲
Advances received on contracts in progress46-€540
Taxes, remuneration and social security45€47k€37k▼
Taxes450/3€32k€25k▼
Remuneration and social security454/9€15k€13k▼
Other amounts payable47/48€22k€31k▲
Income statement
Code20242025
Remuneration, social security and pensions62€193k€166k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€57k▲
Other operating charges640/8€6k€15k▲
Non-recurring operating charges66A€440-
Gross operating margin9900€348k€365k▲
Operating profit (loss)9901€115k€127k▲
Financial income75/76B€78€150▲
Recurring financial income75€78€150▲
Financial charges65/66B€51k€68k▲
Recurring financial charges65€51k€68k▲
Profit (loss) for the period before taxes9903€64k€60k▼
Income taxes67/77€14k€13k▼
Profit (loss) for the period9904€50k€47k▼
Profit (loss) for the period to be appropriated9905€50k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€199k€246k▲
Profit (loss) brought forward from the previous period14P€149k€199k▲
The notes to these accounts (7 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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Equity above €200kEq €209k ▲31.6%
5 profitable years in a row build equity to €209k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €159k ▲48.4%
4 profitable years in a row build equity to €159k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €61k ▲60.6%
Net result €61k, the highest in the series.
31-12
Financial
Equity above €100kEq €107k ▲133%
3 profitable years in a row build equity to €107k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lokeren · 1 establishment unit since 2018
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.
Gentse Steenweg 1569160 LokerenGround area
1,238 m²
Building footprint
560 m²
Volume, LiDAR
2,949 m³
Parcel 46383D1249/00V000, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Natuurvlam
since 20182.279.987.374
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D1249/00V000 | Flanders | 1,238 m² | 1 · 560 m² | 8.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 4,735 EUR awarded · 4,735 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 2,735 EUR | 2,735 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
BRAEM-VAN DER GUCHT
BE 0879.443.372
Sint-Niklaas · Eq €209,172
Ace Dental Belgium
BE 0777.470.440
Chaudfontaine · Eq €209,513
Jesman
BE 0785.721.675
Jodoigne · Eq €208,059
VERFAILLIE INTERIEUR
BE 0543.450.517
Kortrijk · Eq €210,225
A.B. EUROPE
BE 0441.504.507
Asse · Eq €210,238
Of 4,420 companies in sector 46180 we hold annual accounts for 1,886. 1,352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
47529Retail trade
43222Installation of electric heating, air conditioning, cooling and ventilation
47300Retail sale of automotive fuel
81220Other building cleaning and industrial cleaning
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.