Financials
Financial year 2025
NARVIFLEX from Geel, company number BE0454005332, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year NARVIFLEX recorded revenue of € 36.6 million and equity of € 9.8 million. Compared with financial year 2024, the result moved from € 1.5 million to € 1.2 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 9.8 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 17% vs 2024
Profit after tax over the fiscal year.
€ 2.8 million
▲ € 2.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
25 % of the profit went to the shareholders, mostly to DONARCO (100 % of the shares). That is where the money ends up.
People and assets in 2025
131
▲ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.6 million
▲ 6% vs 2024
€ 88,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 716,843
▼ 2% vs 2024
Of which on lease € 550,354.
Debts at end 2025
€ 12.7 million
▼ 14% vs 2024
€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 3.5 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 56 days on average.
€ 2.5 million
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 32,187,286 | € 32,844,155 | € 34,506,488 | € 36,566,371 | ▲ 6% |
| Profit after taxes | € 2,397,032 | € 1,143,303 | € 1,472,844 | € 1,222,523 | ▼ 17% |
| Equity | € 6,881,210 | € 7,724,513 | € 8,897,357 | € 9,819,879 | ▲ 10% |
| Total debts | € 23,982,045 | € 22,836,810 | € 21,234,476 | € 22,641,465 | ▲ 7% |
| Cash | € 1,939,851 | € 845,345 | € 528,999 | € 2,758,465 | ▲ € 2.2 million |
| Land & buildings | € 300,118 | € 310,217 | € 272,420 | € 226,101 | ▼ 17% |
| Retained profit | € 6,757,263 | € 7,600,566 | € 8,773,410 | € 9,695,933 | ▲ 11% |
| Dividend | € 2,300,000 | € 300,000 | € 300,000 | € 300,000 | |
| Bank debt | € 14,956,382 | € 17,033,119 | € 14,792,249 | € 12,691,979 | ▼ 14% |
| Balance sheet total | € 30,863,254 | € 30,561,323 | € 30,131,832 | € 32,561,344 | ▲ 8% |
| Employees (FTE) | 115.4 | 128.9 | 127.4 | 131 | ▲ 3.6 |
Key figures of NARVIFLEX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to NARVIFLEX?
What happened at NARVIFLEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- G4G-Invest BV stepped down as director. NBB
- Donarco NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 17% vs 2024). Source: NBB ↗
- G4G-Invest BV became a director. NBB
- Donarco NV became a director. NBB
- New establishment in Gent. KBO
- New establishment in Geel. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.4 million profit in 2022 to € 1.2 million profit in 2025.
Paid € 1.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.4 million profit.
Paid out € 3.2 million in dividends to the owners in total.
A new publication or filing at NARVIFLEX? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DONARCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NARVIFLEXThe shares are held by DONARCO (100%). It owns 100% of Zeeland Banden Service BV, 100% of Narviflex, 100% of Hetam Onroerende Zaken and 98.8% of Mineral Composite itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Geert Helsen
Also active at: MINERAL COMPOSITE, TIP TOP BELTING, Immo Narviflex, RINDUS, DONARCO
since 2025 · until 2031
Managing director · represented by Dirk Berden
Also active at: TIP TOP BELTING, Immo Narviflex
since 2025 · until 2031
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Liesdonk 7
2440 Geel
Sagastraat 1
9042 Gent
Active since 1 August 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.005.332
- VAT number
- BE 0454.005.332
- Registered office
- Liesdonk 7, 2440 Geel
- Names & denominations
- NARVIFLEX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1994
- Peppol
- Active · Active since 6 Nov 2025
- Activities · NACE
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