ACTIVE

NARWAL

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Financial year 2025 · closed on 31/12/2025
Net result
6,8 k €
-73.8% YoY
Revenue
1,5 M €
+7.4% YoY
Equity
85,1 k €
+8.7% YoY

What does NARWAL do?

NARWAL is a Private limited company incorporated in 2014. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Seraing.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0505.892.909
Incorporation
03/12/2014
Legal form
Private limited company
Registered office
Avenue du Centenaire 117/1
4102 Seraing · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main47112Retail sale in non-specialised stores with food, beverages or tobacco predominating47789Other retail sale of new goods in specialised stores47890Retail sale via stalls and markets of other goods
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Revenue1,5 M €1,4 M €1,4 M €1,8 M €2 M €2,2 M €2 M €1,3 M €1 M €494,9 k €475,6 k €
EBITDA40,3 k €61,1 k €35 k €35 k €41,5 k €43,4 k €43,8 k €18,5 k €14,7 k €6,5 k €5,4 k €
Operating result11,2 k €33,2 k €9,8 k €10,9 k €17 k €17,5 k €20,3 k €11,3 k €10 k €6 k €5,3 k €
Net result6,8 k €26 k €7,7 k €3,3 k €9,3 k €-8 k €8,8 k €3,8 k €3,2 k €2,4 k €3 k €
Balance sheet
Equity85,1 k €78,2 k €52,2 k €44,5 k €41,2 k €31,9 k €39,9 k €31 k €14,8 k €11,6 k €9,2 k €
Total assets306,4 k €304,6 k €306,1 k €281,3 k €243,6 k €253,8 k €288,6 k €79,9 k €106,1 k €27,4 k €17,9 k €
Cash39,5 k €37,7 k €112,9 k €38,1 k €47,7 k €29,7 k €69,1 k €37,7 k €11,7 k €17,9 k €16,6 k €
Debts221,4 k €226,3 k €253,9 k €236,8 k €202,5 k €221,9 k €248,7 k €48,8 k €91,3 k €15,7 k €8,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/08/202628/08/202525/09/202420/09/202326/10/202226/08/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202613/08/2026FrenchPDF
Micro model31/12/202406/06/202528/08/2025FrenchPDF
Micro model31/12/202307/06/202425/09/2024FrenchPDF
Micro model31/12/202202/06/202320/09/2023FrenchPDF
Micro model31/12/202103/06/202226/10/2022FrenchPDF
Abridged model31/12/202004/06/202126/08/2021FrenchPDF
Abridged model31/12/201905/06/202019/10/2020FrenchPDF
Abridged model31/12/201807/06/201912/08/2019FrenchPDF
Abridged model31/12/201701/06/201831/07/2018FrenchPDF
Abridged model31/12/201602/06/201712/07/2017FrenchPDF
Abridged model31/12/201503/06/201627/07/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares04/09/2025
    CAPITAL, ACTIONS
    PDF
  • Mandates29/04/2024
    MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office06/04/2023
    SIEGE SOCIAL - CAPITAL, ACTIONS
    PDF
  • Capital / shares21/04/2021
    CAPITAL, ACTIONS
    PDF
  • Capital / shares01/12/2016
    CAPITAL, ACTIONS
    PDF
  • Other05/12/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 20256,8 k €↓
  2. 2024
    Annual accounts 202426 k €↑
  3. 2023
    Annual accounts 20237,7 k €↑
  4. 2022
    Annual accounts 20223,3 k €↓
  5. 2021
    Annual accounts 20219,3 k €↑
  6. 2020
    Annual accounts 2020-8 k €↓
  7. 2019
    Annual accounts 20198,8 k €↑
  8. 2018
    Annual accounts 20183,8 k €↑
  9. 2017
    Annual accounts 20173,2 k €↑
  10. 2016
    Annual accounts 20162,4 k €↓
  11. 2015
    Annual accounts 20153 k €
  12. 03/12/2014
    IncorporationPrivate limited company