ACTIVE

NAPRO

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Financial year 2025 · closed on 30/09/2025

Net result

195,7 k €

+14.2% YoY

Gross margin

248,6 k €

Equity

409 k €

0.0% YoY

What does NAPRO do?

NAPRO is a Public limited company incorporated in 1989. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.272.139

Incorporation

18/04/1989

Legal form

Public limited company

Registered office

Rue de la Loi 82
1040 Bruxelles · BruxellesSee on map

Contributed capital

371 840,29 €

Latest accounts

30/09/2025

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 45215Maintenance and repair of motor vehicles

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2023		2022		2021		2020		2019		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	248,6 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	248,6 k €	+10.2%	225,7 k €	+5.3%	214,3 k €	+6.5%	201,3 k €	+0.1%	201,1 k €	-1.1%	203,4 k €	+4.7%	194,3 k €	-0.3%	194,8 k €	-1.4%	197,6 k €	+1.0%	195,7 k €	+2.2%	191,5 k €	+1.2%	189,2 k €	-1.3%	191,6 k €	+2.1%	187,7 k €	+2.7%	182,8 k €
Operating result	248,6 k €	+10.2%	225,7 k €	+5.3%	214,3 k €	+6.5%	201,3 k €	+0.1%	201,1 k €	-1.1%	203,4 k €	+4.7%	194,3 k €	-0.3%	194,8 k €	-1.4%	197,6 k €	+1.0%	195,7 k €	+2.2%	191,5 k €	+1.2%	189,2 k €	-1.3%	191,6 k €	+2.1%	187,7 k €	+2.7%	182,8 k €
Net result	195,7 k €	+14.2%	171,5 k €	+6.6%	160,8 k €	+6.3%	151,3 k €	+6.3%	142,3 k €	-1.1%	144 k €	+7.2%	134,3 k €	-0.3%	134,8 k €	-1.4%	136,7 k €	-0.1%	136,8 k €	+1.1%	135,3 k €	+2.0%	132,6 k €	-3.9%	137,9 k €	+3.0%	133,9 k €	+2.8%	130,2 k €
Balance sheet
Equity	409 k €	0.0%	409 k €	0.0%	409 k €	0.0%	409 k €	0.0%	409 k €	0.0%	409 k €	0.0%	409 k €	+0.0%	409 k €	-0.0%	409 k €	0.0%	409 k €	0.0%	409 k €	+0.0%	409 k €	0.0%	409 k €	-0.0%	409 k €	+0.0%	409 k €
Total assets	625,8 k €	-2.1%	639,1 k €	+1.8%	627,8 k €	+3.5%	606,4 k €	+1.5%	597,6 k €	-0.9%	602,7 k €	-7.7%	653,1 k €	+17.9%	553,8 k €	-6.6%	592,7 k €	+0.3%	591,1 k €	-0.4%	593,2 k €	+7.2%	553,5 k €	-0.8%	558 k €	+1.8%	547,8 k €	+0.1%	547,2 k €
Cash	9,7 k €	-97.1%	329,2 k €	+360%	71,5 k €	+116%	33,2 k €	-49.0%	65,1 k €	-14.6%	76,2 k €	+50.8%	50,5 k €	+1870%	2,6 k €	+7.3%	2,4 k €	-61.4%	6,2 k €	-34.8%	9,5 k €	-44.3%	17 k €	-93.0%	243,3 k €	+266%	66,5 k €	-80.3%	337,8 k €
Debts	216,7 k €	-5.8%	230,1 k €	+5.2%	218,7 k €	+10.8%	197,4 k €	+4.7%	188,5 k €	-2.6%	193,7 k €	-19.0%	239,2 k €	+71.3%	139,6 k €	-21.6%	178,1 k €	-0.0%	178,1 k €	-0.0%	178,2 k €	+29.1%	138 k €	-4.2%	144 k €	+7.5%	133,9 k €	+0.4%	133,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 8 active · 27 ended

Active mandates

Rob Wattelé

Director · since 20 août 2025 · until 12 février 2031

Active

Lieve Van Bellinghen

Managing director · since 28 mai 2025 · until 12 février 2031

Active

Hakim Boutkabout

Director · since 23 mai 2025 · until 20 août 2025

Active

Joren Maetens

Director · since 23 mai 2025 · until 12 février 2031

Active

Michel Leyseele

Director · since 08 février 2023 · until 20 mai 2025

Active

Gert Van de Weghe

Director · since 24 février 2021 · until 23 mai 2025

Active

Johan Spruyt

Director · since 24 février 2021 · until 10 février 2027

Active

Luc Bulkmans

Managing director · since 24 février 2021 · until 23 avril 2025

Active

Ended mandates

Michel Leyseele

Director · since 08 février 2023 · until 14 février 2029

Ended

Gert Van de Weghe

Director · since 24 février 2021 · until 10 février 2027

Ended

Luc Bulkmans

Managing director · since 24 février 2021 · until 10 février 2027

Ended

Guy De Schrijver

Director · since 27 février 2019 · until 24 janvier 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Auxiliaire de Contrôle Société Civile● Liquidation	0400.425.601
EUROPEAN DISTRIBUTION SYSTEM OPERATORS FOR SMART GRIDS● Active	0825.054.581
Glass Industry Club● Liquidation	0407.655.663
JAPAN BUSINESS COUNCIL IN EUROPE● Active	0471.857.686
RAND EUROPE( EU)● Active	0695.872.852

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/04/2026	10/03/2025	27/03/2024	08/03/2023	29/03/2022	31/03/2021
General meeting	26/03/2026	12/02/2025	14/02/2024	08/02/2023	09/02/2022	24/02/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	26/03/2026	08/04/2026	French	PDF
Full model	30/09/2024	12/02/2025	10/03/2025	French	PDF
Full model	30/09/2023	14/02/2024	27/03/2024	French	PDF
Full model	30/09/2022	08/02/2023	08/03/2023	French	PDF
Full model	30/09/2021	09/02/2022	29/03/2022	French	PDF
Full model	30/09/2020	24/02/2021	31/03/2021	French	PDF
Full model	30/09/2019	28/02/2020	21/04/2020	French	PDF
Full model	30/09/2018	27/02/2019	09/04/2019	French	PDF
Full model	30/09/2017	28/02/2018	09/04/2018	French	PDF
Full model	30/09/2016	22/02/2017	11/04/2017	French	PDF
Full model	30/09/2015	10/02/2016	18/02/2016	French	PDF
Full model	30/09/2014	11/02/2015	26/03/2015	French	PDF
Full model	30/09/2013	12/02/2014	27/03/2014	French	PDF
Full model	30/09/2012	13/02/2013	13/02/2013	French	PDF
Full model	30/09/2011	08/02/2012	07/03/2012	French	PDF
Full model	30/09/2010	09/02/2011	15/04/2011	French	PDF
Full model	30/09/2009	10/02/2010	09/03/2010	French	PDF
Full model	30/09/2008	11/02/2009	06/03/2009	French	PDF
Full model	30/09/2007	13/02/2008	07/03/2008	French	PDF
Full model	30/09/2006	14/02/2007	28/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 8 active · 27 ended

Active mandates

Rob Wattelé

Director · since 20 août 2025 · until 12 février 2031

Active

Lieve Van Bellinghen

Managing director · since 28 mai 2025 · until 12 février 2031

Active

Hakim Boutkabout

Director · since 23 mai 2025 · until 20 août 2025

Active

Joren Maetens

Director · since 23 mai 2025 · until 12 février 2031

Active

Michel Leyseele

Director · since 08 février 2023 · until 20 mai 2025

Active

Gert Van de Weghe

Director · since 24 février 2021 · until 23 mai 2025

Active

Johan Spruyt

Director · since 24 février 2021 · until 10 février 2027

Active

Luc Bulkmans

Managing director · since 24 février 2021 · until 23 avril 2025

Active

Ended mandates

Michel Leyseele

Director · since 08 février 2023 · until 14 février 2029

Ended

Gert Van de Weghe

Director · since 24 février 2021 · until 10 février 2027

Ended

Luc Bulkmans

Managing director · since 24 février 2021 · until 10 février 2027

Ended

Guy De Schrijver

Director · since 27 février 2019 · until 24 janvier 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/03/2026
DIVERS
PDF
Mandates06/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/03/2023
DEMISSIONS, NOMINATIONS
PDF
Other05/05/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates12/04/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025195,7 k €↑
2023
Annual accounts 2023171,5 k €↑
2022
Annual accounts 2022160,8 k €↑
2021
Annual accounts 2021151,3 k €↑
2020
Annual accounts 2020142,3 k €↓
2019
Annual accounts 2019144 k €↑
2015
Annual accounts 2015134,3 k €↓
2014
Annual accounts 2014134,8 k €↓
2013
Annual accounts 2013136,7 k €↓
2012
Annual accounts 2012136,8 k €↑
2011
Annual accounts 2011135,3 k €↑
2010
Annual accounts 2010132,6 k €↓
2009
Annual accounts 2009137,9 k €↑
2008
Annual accounts 2008133,9 k €↑
2007
Annual accounts 2007130,2 k €
18/04/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

NAPRO

Overview

What does NAPRO do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline