ACTIVE

NARDI

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Financial year 2025 · closed on 31/12/2025

Net result

15,7 k €

+79.6% YoY

Gross margin

41 k €

-29.9% YoY

Equity

155 k €

+11.2% YoY

What does NARDI do?

NARDI is a Private limited company incorporated in 1997. Its registered office is in Sombreffe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.914.711

Incorporation

29/01/1997

Legal form

Private limited company

Registered office

Rue de la Spinette, Boig. 35
5140 Sombreffe · WallonieSee on map

Contributed capital

18 592,00 €

Latest accounts

31/12/2025

Joint committees (1)

10602

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	41 k €	-29.9%	58,4 k €	-24.9%	77,8 k €	-10.6%	87,1 k €	+74.1%	50 k €	+90.6%	26,2 k €	-22.1%	33,7 k €	+130%	14,7 k €	-55.1%	32,6 k €	+23.5%	26,4 k €	-27.8%	36,6 k €	+21.8%	30,1 k €	-40.6%	50,7 k €	-14.1%	59 k €	-0.4%	59,2 k €	-22.1%	76,1 k €	+51.4%	50,2 k €	-2.5%	51,5 k €	-39.1%	84,6 k €	+335%	19,4 k €
EBITDA	37,7 k €	-4.3%	39,4 k €	-44.5%	71 k €	-12.9%	81,6 k €	+78.5%	45,7 k €	+94.1%	23,5 k €	-23.5%	30,8 k €	+157%	12 k €	-60.2%	30 k €	+25.8%	23,9 k €	-30.0%	34,1 k €	+364%	7,4 k €	-48.8%	14,4 k €	-7.1%	15,5 k €	-47.3%	29,3 k €	-27.8%	40,6 k €	+220%	12,7 k €	-20.6%	16 k €	-67.4%	49 k €	+1370%	-3,9 k €
Operating result	21,5 k €	+39.9%	15,4 k €	-64.4%	43,2 k €	+0.5%	43 k €	+57.1%	27,4 k €	+149%	11 k €	-39.7%	18,2 k €	+1821%	-1,1 k €	-106%	17 k €	+56.7%	10,8 k €	-47.4%	20,6 k €	+434%	-6,2 k €	-101%	-3,1 k €	-56.0%	-2 k €	-115%	13,1 k €	-45.0%	23,9 k €	+437%	-7,1 k €	-7211%	-96,8 €	-100%	32,9 k €	+357%	-12,8 k €
Net result	15,7 k €	+79.6%	8,7 k €	-70.7%	29,7 k €	-7.4%	32,1 k €	+56.9%	20,4 k €	+92.8%	10,6 k €	-38.0%	17,1 k €	+705%	-2,8 k €	-121%	13,3 k €	+73.7%	7,7 k €	-53.2%	16,4 k €	+259%	-10,3 k €	-16.2%	-8,9 k €	-4.9%	-8,5 k €	-248%	5,7 k €	-63.3%	15,6 k €	+199%	-15,7 k €	-37.0%	-11,5 k €	-151%	22,6 k €	+299%	-11,3 k €
Balance sheet
Equity	155 k €	+11.2%	139,4 k €	+6.7%	130,7 k €	+29.4%	101 k €	+46.6%	68,9 k €	+0.7%	68,4 k €	+18.3%	57,8 k €	+42.0%	40,7 k €	-6.5%	43,5 k €	+44.0%	30,2 k €	+33.9%	22,6 k €	+263%	6,2 k €	-62.4%	16,5 k €	-34.9%	25,4 k €	-25.0%	33,9 k €	+20.3%	28,1 k €	+124%	12,6 k €	-55.5%	28,3 k €	-28.8%	39,7 k €	+103%	19,5 k €
Total assets	247,4 k €	+13.3%	218,5 k €	+8.7%	200,9 k €	+15.0%	174,7 k €	+8.7%	160,8 k €	+25.9%	127,7 k €	-3.8%	132,8 k €	-1.1%	134,2 k €	-13.0%	154,3 k €	-2.3%	158 k €	-5.1%	166,6 k €	+1.2%	164,6 k €	-15.1%	194 k €	-15.2%	228,7 k €	-7.5%	247,2 k €	-3.0%	254,8 k €	-1.8%	259,5 k €	-4.9%	272,8 k €	-8.4%	297,9 k €	+4.1%	286,1 k €
Cash	–		9,5 k €	-37.5%	15,2 k €	-19.7%	19 k €	+6.9%	17,8 k €	-69.4%	58 k €	+21.1%	47,9 k €	+33.0%	36 k €	-18.8%	44,3 k €	+76.3%	25,1 k €	-14.9%	29,5 k €	+89.5%	15,6 k €	-13.8%	18,1 k €	-56.5%	41,6 k €	+106%	20,2 k €	-42.8%	35,3 k €	+107%	17 k €	-56.8%	39,4 k €	+6.6%	37 k €	+17.4%	31,5 k €
Debts	92,4 k €	+16.8%	79,1 k €	+12.6%	70,2 k €	-4.7%	73,7 k €	-19.8%	91,9 k €	+55.1%	59,2 k €	-21.0%	75 k €	-19.9%	93,5 k €	-15.6%	110,8 k €	-13.3%	127,8 k €	-11.2%	144 k €	-9.1%	158,4 k €	-10.7%	177,5 k €	-12.7%	203,3 k €	-4.7%	213,3 k €	-5.9%	226,7 k €	-8.2%	246,9 k €	+1.0%	244,5 k €	-5.3%	258,1 k €	-3.2%	266,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

IV HOLDING

Mandate · 0743.619.519

Represented by Ignace Vanhoucke

Active

Ended mandates

Ignace Vanhoucke

Administrator - manager · since 15 mars 2022

Ended

Marco Nardi

Administrator - manager · since 01 février 2005 · until 15 mars 2021

Ended

MARCO NARDI

Manager · since 01 février 2005

Ended

At this address

Other companies at this address

Company	CBE no.
Vanhoucke Ignace● Active	0599.974.395

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	17/08/2026	23/08/2024	28/08/2023	17/07/2022	12/03/2021
General meeting	23/06/2026	07/08/2026	26/07/2024	28/08/2023	28/06/2022	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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	23/06/2026	31/08/2026	French	PDF
Abridged modelCorrection	31/12/2024	07/08/2026	17/08/2026	French	PDF
Abridged model	31/12/2024	24/06/2025	25/06/2025	French	PDF
Abridged model	31/12/2023	26/07/2024	23/08/2024	French	PDF
Abridged model	31/12/2022	28/08/2023	28/08/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	17/07/2022	French	PDF
Micro model	31/12/2020	24/02/2021	12/03/2021	French	PDF
Micro model	31/12/2019	23/06/2020	31/07/2020	French	PDF
Micro model	31/12/2018	25/06/2019	02/07/2019	French	PDF
Micro model	31/12/2017	06/08/2018	14/08/2018	French	PDF
Micro model	31/12/2016	27/06/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	23/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	24/06/2014	14/08/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	26/07/2013	French	PDF
Abridged model	31/12/2011	26/06/2012	27/06/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	13/08/2010	19/08/2010	French	PDF
Abridged model	31/12/2008	23/06/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	24/06/2008	25/06/2008	French	PDF
Abridged model	31/12/2006	26/06/2007	03/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 1 active · 3 ended

Active mandates

IV HOLDING

Mandate · 0743.619.519

Represented by Ignace Vanhoucke

Active

Ended mandates

Ignace Vanhoucke

Administrator - manager · since 15 mars 2022

Ended

Marco Nardi

Administrator - manager · since 01 février 2005 · until 15 mars 2021

Ended

MARCO NARDI

Manager · since 01 février 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/04/2021
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office17/08/2009
SIEGE SOCIAL
PDF
Mandates27/01/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2004
DEMISSIONS, NOMINATIONS
PDF
Other11/03/2004
DIVERS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/03/2004
DENOMINATION - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202515,7 k €↑
2024
Annual accounts 20248,7 k €↓
2023
Annual accounts 202329,7 k €↓
2022
Annual accounts 202232,1 k €↑
2021
Annual accounts 202120,4 k €↑
2020
Annual accounts 202010,6 k €↓
2019
Annual accounts 201917,1 k €↑
2018
Annual accounts 2018-2,8 k €↓
2017
Annual accounts 201713,3 k €↑
2016
Annual accounts 20167,7 k €↓
2015
Annual accounts 201516,4 k €↑
2014
Annual accounts 2014-10,3 k €↓
2013
Annual accounts 2013-8,9 k €↓
2012
Annual accounts 2012-8,5 k €↓
2011
Annual accounts 20115,7 k €↓
2010
Annual accounts 201015,6 k €↑
2009
Annual accounts 2009-15,7 k €↓
2008
Annual accounts 2008-11,5 k €↓
2007
Annual accounts 200722,6 k €↑
2006
Annual accounts 2006-11,3 k €
29/01/1997
IncorporationPrivate 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

NARDI

Overview

What does NARDI do?

Trend over 20 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