NIARCO
ActiveNIARCO 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 €1.12M and a net result of €154k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 7974 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7974 sector peers (2025).
NBB · sector comparisonPosition among 7974 sector peers
Solvency
better than 17%
← weakest
strongest →
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
on the day
2022
8 d early
2021
9 d late
2020
2 d early
2019
29 d early
← before the deadline
after the deadline →
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 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.12M▲ 15.9%
2024 · €969k
2019: €379k
2020: €380k
2021: €374k
2022: €526k
2023: €821k
2024: €969k
2019 → 2025
Net result
€154k▲ 3.9%
2024 · €148k
2019: €3k
2020: €977
2021: €-6k
2022: €152k
2023: €295k
2024: €148k
2019 → 2025
Total assets
€10.00M▲ 1.6%
2024 · €9.85M
2019: €9.26M
2020: €9.36M
2021: €9.35M
2022: €9.41M
2023: €9.70M
2024: €9.85M
2019 → 2025
Solvency
11.2%▲ 1.4pp
2024 · 9.8%
2019: 4.1%
2020: 4.1%
2021: 4.0%
2022: 5.6%
2023: 8.5%
2024: 9.8%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€374k-€526k▲ 40.7%€821k▲ 56.1%€969k▲ 18.1%€1.12M▲ 15.9%
Operating result€-4k-€-2k▲ 38.3%€-3k▼ 32.9%€-4k▼ 15.0%€-2k▲ 46.7%
Net result€-6k-€152k€295k▲ 94.1%€148k▼ 49.7%€154k▲ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.00M
Fixed assets
€9.29M=
Current assets
€709k▲ 27.8%
Equity and liabilities €10.00M
Equity
€1.12M▲ 15.9%
Debt
€8.88M=
The debt ratio falls from 90.2% to 88.8%: equity grows faster than debt.
Key figures and ratios
Solvency
11.2%▲
2024 · 9.8%
ROE
13.7%▼
2024 · 15.3%
ROA
1.5%▲
2024 · 1.5%
Debt
€8.88M=
2024 · €8.88M
Debt > 1 year
€8.88M=
2024 · €8.88M
Income taxes
€3k▲
2024 · €960
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€9.85M€10.00M▲
Fixed assets21/28€9.29M€9.29M=
Financial fixed assets28€9.29M€9.29M=
Current assets29/58€555k€709k▲
Current investments50/53€250k-
Cash at bank and in hand54/58€155k€559k▲
Deferred charges and accrued income490/1€150k€150k=
Equity and liabilities
Total equity and liabilities10/49€9.85M€10.00M▲
Equity10/15€969k€1.12M▲
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€901k€1.06M▲
Amounts payable17/49€8.88M€8.88M=
Amounts payable after more than one year17€8.88M€8.88M=
Financial debts170/4€8.88M€8.88M=
Income statement
Code20242025
Other operating charges640/8€960€968▲
Gross operating margin9900€-3k€-997▲
Operating profit (loss)9901€-4k€-2k▲
Financial income75/76B€153k€159k▲
Recurring financial income75€153k€159k▲
Financial charges65/66B€104€71▼
Recurring financial charges65€104€71▼
Profit (loss) for the period before taxes9903€149k€157k▲
Income taxes67/77€960€3k▲
Profit (loss) for the period9904€148k€154k▲
Profit (loss) for the period to be appropriated9905€148k€154k▲
Appropriation of the result
Profit (loss) to be appropriated9906€901k€1.06M▲
Profit (loss) brought forward from the previous period14P€753k€901k▲
The notes to these accounts (3 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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €1MEq €1.12M ▲15.9%
4 profitable years in a row build equity to €1.12M.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €295k ▲94.1%
Net result €295k, the highest in the series.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €152k
Net result €152k after one loss-making year.
30-06
Financial
Liquidity times 152current ratio 90.01
Current ratio from 0.59 to 90.01; short-term debt falls from €100k to €1k.
30-06
Financial
Equity above €500kEq €526k ▲40.7%
Equity rises from €374k to €526k.
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
30-06
Financial
Weakest financial yearnet €-6k ▼729%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 321 days late
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ukkel · 1 establishment unit since 2013
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.
de Foestraetslaan 421180 UkkelGround area
4,661 m²
Building footprint
531 m²
Volume, LiDAR
4,221 m³
2 parcels, Brussels · tallest building 15.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pijnboslaan 19, 1180 Ukkel
since 20132.224.455.864
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/02F076 | Brussels | 3,736 m² | 1 · 351 m² | 15.8 m · 3 fl. |
| 21614H0055/00A071 | Brussels | 925 m² | 1 · 180 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,636 companies in sector 64210 we hold annual accounts for 19,688. 12,369 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-11-2013
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.