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NATAGORA

Active
Non-profit associationfounded 1987active for 39 yearsTraverse des Muses(NR) 1, 5000 Namur, BelgiumKBO/BCE: BE 0434.366.097
Summary

NATAGORA has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44.4m and a net result of -€399,016. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 59% of 271 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
NATAGORAActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Other research and development on natural sciences
NACE 72109Libraries, archives, museums and other cultural activities NACE 91420
Largest company by total assets in the province of Namur, Research and development sector9 sites
Size
€17.4moperating revenue 2025
Staff
140.7 FTE
Equity
€44.4m
Deficit
-€399,016
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
6 members
Auditor: F.C.G. REVISEURS D'ENTREPRISES2025 accounts 29 days early9 of 46 deeds summarised
Why 95raises riskLoss of €399,016 (financial year 2025)lowers riskLegal form: non-profit associationFounded in 1987Equity €44.4m (58.2% of total assets)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 72, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 83+8
equity 58.2% of total assets
Liquidity 53-2
short-term debt 16.6% · cash 6.0%
Profitability 35-44
return on assets -0.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47 companies, NACE 72, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €220,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.97, compared with 2.83 in 2024, above the usual 1.5; short-term debt: 16.6% and cash: 6% of total assets), and 41.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, medium-sized): better than 60% on solvency, 70% on liquidity, 34% on profitability and 70% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Founded in 1987
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €44.4m (58.2% of total assets)
NBB · annual accounts
raises risk · Loss of €399,016 (financial year 2025)
NBB · annual accounts
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
30 days early
2023
35 days early
2022
21 days early
2021
11 days early
2020
52 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: VERSCHUEREN Christian, PAQUES Hervé and…Gazette deed
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Reappointment: F.C.G. Réviseurs d'Entreprises (statutory auditor)Registered office clause

Key points

  • Caution: From profit to loss in 2025after €215,390 in 2024 -€399,016 View
  • Positive: Largest company by total assets in the province of Namur, Research and…in the Checked rankings No. 1 View
  • EU supportawarded from 2022 to 2025 €13.3m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 3 years of growth in a rowturnover 2025: €2.2m 3 years View
  • New directorlatest change 13-11-2025 · 6 in office 1 joined View

By topic

Financials

Financial year
2025
Turnover
€2.2m
Loss
-€399,016
Solvency
58.2%
Turnover▲ 7.9%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
Auditor
F.C.G. REVISEURS D'ENTREPRISES
  • VERSCHUEREN ChristianChair
  • LEPRINCE PierreDirector
  • PAQUES HervéDirector
  • PAQUET AlainDirector
  • DENAYER DorothéeDirector

and 1 other director

Go to Board & ownership

Timeline

Events
33
Since
2007
Next accounts
by 31-07-2027
  1. 13-11-2025Appointments: VERSCHUEREN Christian, PAQUES Hervé and 3…
  2. 01-07-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
9
Legal form
Non-profit association
Activity
Other research and development on natural sciencesNACE 72109
Founded
11-05-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
54
Purpose
“Le développement et l'animation d'un réseau de volontaires et de relais locaux forts et…” (deed in French)
Go to Articles of association

Key facts about NATAGORA

What is the company number of NATAGORA?
0434.366.097. In Belgium the VAT number is the company number with BE in front: BE 0434.366.097.
Where is NATAGORA based?
The registered office is at Traverse des Muses(NR) 1, 5000 Namur.Company details
What does NATAGORA do?
According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
What is the legal form of NATAGORA?
Non-profit association (VZW).
When was NATAGORA founded?
On 11-05-1987.
Is NATAGORA still active?
Yes, NATAGORA is an active enterprise in the KBO register.
How many employees does NATAGORA have?
On average 140.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of NATAGORA?
€2.2m in financial year 2025, according to the filed annual accounts.
Is NATAGORA profitable?
In financial year 2025, NATAGORA made a loss of €399,016.
Where can I find the annual accounts of NATAGORA?
NATAGORA filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NATAGORA due?
By 31-07-2027, for financial year 2026.Timeline

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