FIRMA NARCY
ActiveFIRMA NARCY has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €103k and a net result of €-12k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability19▼-62
Solvency86=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.42 against 3.89 in 2023; short-term debt: 22% and cash: 6.6% of total assets), and 38.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.2%
Return on assets
-6.9%
Age of the figures
21 mo
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
22 d late
2022
28 d late
2021
26 d late
2020
31 d late
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€103k▼ 10.2%
2023 · €114k
2018: €135k
2019: €127k
2020: €105k
2021: €114k
2022: €96k
2023: €114k
2018 → 2024
Total assets
€168k▼ 10.8%
2023 · €188k
2018: €183k
2019: €160k
2020: €120k
2021: €149k
2022: €130k
2023: €188k
2018 → 2024
Net result
€-12k
2023 · €18k
2018: €-1k
2019: €-8k
2020: €-22k
2021: €9k
2022: €-18k
2023: €18k
2018 → 2024
Working capital
€89k▼ 10.1%
2023 · €99k
2018: €121k
2019: €116k
2020: €104k
2021: €113k
2022: €95k
2023: €99k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€105k-€114k▲ 8.4%€96k▼ 15.7%€114k▲ 18.9%€103k▼ 10.2%
Operating result€-21k-€8k€-17k€19k€-7k
Net result€-22k-€9k€-18k€18k€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €19k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €168k
Fixed assets
€42k▼ 23.6%
Current assets
€126k▼ 5.6%
Equity and liabilities €168k
Equity
€103k▼ 10.2%
Debt
€65k▼ 11.8%
The debt ratio falls from 39.2% to 38.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2023 · €29k
Cash flow
€1k▼
2023 · €28k
Solvency
61.2%▲
2023 · 60.8%
Current ratio
3.42▼
2023 · 3.89
Quick ratio
2.70▼
2023 · 3.06
Debt / equity
0.63▼
2023 · 0.65
ROE
-11.4%▼
2023 · 15.9%
ROA
-6.9%▼
2023 · 9.6%
Interest coverage
1.13▼
2023 · 8.46
Debt
€65k▼
2023 · €74k
Debt ≤ 1 year
€37k▲
2023 · €34k
Debt > 1 year
€28k▼
2023 · €39k
Income taxes
€988▲
2023 · €913
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€188k€168k▼
Fixed assets21/28€55k€42k▼
Tangible fixed assets22/27€55k€42k▼
Land and buildings22€794€595▼
Leasing and similar rights25€54k€41k▼
Current assets29/58€134k€126k▼
Amounts receivable after more than one year29€61k€41k▼
Other amounts receivable291€61k€41k▼
Stocks and contracts in progress3€28k€27k▼
Stocks30/36€28k€27k▼
Amounts receivable within one year40/41€36k€47k▲
Trade receivables40€26k€37k▲
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€8k€11k▲
Equity and liabilities
Total equity and liabilities10/49€188k€168k▼
Equity10/15€114k€103k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€74k€74k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133€55k€55k=
Profit (loss) carried forward14€-22k€-34k▼
Amounts payable17/49€74k€65k▼
Amounts payable after more than one year17€39k€28k▼
Financial debts170/4€39k€28k▼
Amounts payable within one year42/48€34k€37k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€16k€17k▲
Suppliers440/4€16k€17k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€13k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€32k€9k▼
Operating profit (loss)9901€19k€-7k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€19k€-11k▼
Income taxes67/77€913€988▲
Profit (loss) for the period9904€18k€-12k▼
Profit (loss) for the period to be appropriated9905€18k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-34k▼
Profit (loss) brought forward from the previous period14P€-40k€-22k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Equity above €100kEq €114k ▲18.9%
Equity rises from €96k to €114k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-01-2026
DEBEUCKELAERE Chris: Resigned as Director
28-01-2026
DEBEUCKELAERE Willy Kamiel: Resigned as Director
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 1990
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.
Karel Jonckheerestraat 178431 MiddelkerkeGround area
1,477 m²
Building footprint
502 m²
Volume, LiDAR
2,143 m³
2 parcels, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NARCY NV
since 19902.047.621.894
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35024A0240/00M002 | Flanders | 781 m² | 1 · 325 m² | 7.3 m · 1 fl. |
| 35024A0232/00A002 | Flanders | 696 m² | 1 · 176 m² | 8.5 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845009BC4F83DB65771
Similar companies · same sector, comparable size
LAMIA
BE 0684.796.046
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PARFUMERIE DIERCKX
BE 0474.936.447
Lier · Eq €101k
Beauty Business
BE 0597.637.586
Wijnegem · Eq €104k
NANNIC INT
BE 0475.060.171
Bilzen-Hoeselt · Eq €105k
B.D.T. SIRONVAL
BE 0402.177.044
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Of 798 companies in sector 46450 we hold annual accounts for 452. 335 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-02-1990
Fiscal year end31-12
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
Sources
Crossroads Bank for EnterprisesNational Bank · 35 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.