Natix
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 38 filings
Every figure per financial year
The operating result for 2025 is a loss of €824,197, smaller than the loss of €1.4m in 2024.
- 2022 Equity -74% on 2021. Capital reduction of €62,536,000 (Official Gazette 04-05-2022).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 7 | 8 | 9 | 9 |
| full-time | 9 | 7 | 8 | 9 | 9 |
| part-time | 1 | - | - | - | - |
| in full-time equivalents | 9.8 | 7 | 8 | 9 | 9 |
| Average over the year, in full-time equivalents | 10.6 | 8.2 | 7.8 | 8.3 | 8.7 |
| On a permanent contract | 9 | 7 | 8 | 9 | 9 |
| Joined | 0 | 2 | 2 | 4 | 3 |
| Left | 1 | 5 | 1 | 3 | 3 |
| Agency workers, average number | - | 0.1 | - | - | 0.3 |
| Training hours | 20 | 28 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | €1.2m | - | - | - | - |
| Carrying value of the other pledged assets | €1.2m | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €139,688 | €257,963 | €117,032 | €38,625 | €12,846 |
| Intangible fixed assets | €5.6m | €588,000 | €2.1m | - | - |
| Financial fixed assets | €8.2m | €458,947 | €241,511 | - | €4.0m |
| Depreciation and write-downs of the year | €722,438 | €583,969 | €678,740 | €897,443 | €899,890 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €6,900 | €7,372 | €10,243 | €12,158 | €12,688 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €17.7m | €19.2m | €17.9m | €29.7m | €36.3m | ▲ 22.3% |
| Turnover70 | €8.6m | €12.0m | €7.7m | €16.4m | €18.5m | €17.2m | €28.7m | €35.4m | ▲ 23.4% |
| Other operating income74 | - | - | - | €1.4m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 9.5% |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.3m | €0.3m | ▼ 4.4% |
| Operating charges60/66A | - | - | - | €18.0m | €19.6m | €18.3m | €31.1m | €37.2m | ▲ 19.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | €13.0m | €15.0m | €13.4m | €26.0m | €31.3m | ▲ 20.7% |
| Purchases600/8 | - | - | - | €12.9m | €15.0m | €13.4m | €26.5m | €31.1m | ▲ 17.4% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.02m | €0.01m | -€0.005m | -€0.6m | €0.2m | - |
| Services and other goods61 | - | - | - | €3.3m | €3.0m | €3.3m | €3.2m | €3.8m | ▲ 18.2% |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.7m | €0.6m | €0.7m | €0.9m | €0.9m | ▲ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.009m | - | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.02m | €0.07m | €0.005m | €0.004m | ▼ 14.9% |
| Operating profit (loss)9901 | -€0.6m | €0.05m | -€0.5m | -€0.3m | -€0.3m | -€0.4m | -€1.4m | -€0.8m | ▲ 41.8% |
| Financial income75/76B | - | - | - | €638.5m | €1.3m | €0.6m | €0.4m | €9.8m | ▲ 23× |
| Recurring financial income75 | €0.8m | €1.0m | €1.0m | €1.3m | €1.1m | €0.4m | €0.4m | €1.3m | ▲ 204% |
| Income from financial fixed assets750 | - | - | - | €1.1m | €0.8m | €0.2m | - | €1.1m | - |
| Income from current assets751 | - | - | - | €353 | - | €0.2m | €0.2m | €0.2m | ▼ 23.4% |
| Other financial income752/9 | - | - | - | €0.2m | €0.3m | €0.02m | €0.2m | €0.03m | ▼ 85.4% |
| Non-recurring financial income76B | - | - | - | €637.2m | €0.2m | €0.2m | - | €8.5m | - |
| Financial charges65/66B | - | - | - | €3.7m | €0.2m | €0.7m | €0.1m | €8.5m | ▲ 62× |
| Recurring financial charges65 | €1.0m | €1.1m | €1.5m | €1.5m | €0.009m | €0.2m | €0.1m | €0.5m | ▲ 241% |
| Debt charges650 | €1.0m | €1.1m | €1.1m | €1.3m | €0.2m | €0.04m | €0.1m | €0.2m | ▲ 26.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.2m | -€0.2m | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.02m | €0.07m | €0.2m | €0.01m | €0.3m | ▲ 24× |
| Non-recurring financial charges66B | - | - | - | €2.2m | €0.2m | €0.5m | - | €8.0m | - |
| Profit (loss) for the period before taxes9903 | -€0.8m | -€0.02m | -€6.7m | €634.6m | €0.7m | -€0.4m | -€1.1m | €0.5m | - |
| Income taxes67/77 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.02m | €0.001m | ▼ 92.6% |
| Taxes670/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.02m | €0.001m | ▼ 92.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €185 | - | - | €42 | - |
| Profit (loss) for the period9904 | -€0.8m | -€0.02m | -€6.7m | €634.6m | €0.7m | -€0.4m | -€1.1m | €0.5m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.8m | -€0.02m | -€6.7m | €634.6m | €0.7m | -€0.4m | -€1.1m | €0.5m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €95.3m | €97.6m | €89.9m | €729.6m | €25.4m | €28.2m | €27.9m | €31.0m | ▲ 11.1% |
| Fixed assets21/28 | €90.5m | €90.4m | €84.9m | €18.0m | €17.8m | €19.3m | €17.7m | €20.1m | ▲ 13.5% |
| Intangible fixed assets21 | €0.8m | €0.5m | €0.3m | €5.1m | €5.2m | €6.7m | €5.9m | €5.0m | ▼ 14.2% |
| Tangible fixed assets22/27 | €0.06m | €0.07m | €0.1m | €0.1m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 14.8% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.04m | €0.03m | €0.02m | €0.01m | ▼ 45.1% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.08m | €0.1m | €0.09m | €0.07m | ▼ 15.1% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 12.3% |
| Financial fixed assets28 | €89.7m | €89.9m | €84.6m | €12.7m | €12.3m | €12.2m | €11.4m | €14.7m | ▲ 28.7% |
| Affiliated companies280/1 | - | - | - | €8.6m | €7.4m | €10.3m | €9.8m | €14.5m | ▲ 48.5% |
| Participating interests280 | - | - | - | €7.4m | €7.4m | €9.8m | €9.8m | €14.5m | ▲ 48.5% |
| Amounts receivable281 | - | - | - | €1.2m | €0.05m | €0.5m | - | - | - |
| Companies linked by participating interests282/3 | - | - | - | €4.2m | €4.9m | €1.9m | €1.6m | €0.2m | ▼ 90.2% |
| Participating interests282 | - | - | - | €3.3m | €3.6m | €0.9m | €0.9m | €0.2m | ▼ 83.2% |
| Amounts receivable283 | - | - | - | €0.9m | €1.4m | €1.0m | €0.7m | - | - |
| Other financial fixed assets284/8 | - | - | - | - | - | €200 | €200 | €200 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | €200 | €200 | €200 | = |
| Current assets29/58 | €4.8m | €7.1m | €5.0m | €711.6m | €7.6m | €8.8m | €10.3m | €11.0m | ▲ 6.9% |
| Stocks and contracts in progress3 | €1.1m | €1.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.8m | €0.6m | ▼ 25.0% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.8m | €0.6m | ▼ 25.0% |
| Goods purchased for resale34 | - | - | - | €0.2m | €0.2m | €0.2m | €0.8m | €0.6m | ▼ 25.0% |
| Amounts receivable within one year40/41 | €2.9m | €4.9m | €2.9m | €709.4m | €5.5m | €7.4m | €7.4m | €6.6m | ▼ 10.4% |
| Trade receivables40 | - | - | - | €3.2m | €3.9m | €5.9m | €5.6m | €3.6m | ▼ 36.2% |
| Other amounts receivable41 | - | - | - | €706.2m | €1.6m | €1.5m | €1.8m | €3.0m | ▲ 70.3% |
| Current investments50/53 | €0.006m | €0.007m | €0.006m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.6m | €1.0m | €1.8m | €1.7m | €1.7m | €1.1m | €1.9m | €3.5m | ▲ 89.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.1m | €0.08m | €0.3m | €0.3m | ▲ 3.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €95.3m | €97.6m | €89.9m | €729.6m | €25.4m | €28.2m | €27.9m | €31.0m | ▲ 11.1% |
| Equity10/15 | €67.1m | €67.1m | €60.3m | €83.6m | €21.8m | €21.4m | €20.3m | €20.7m | ▲ 2.2% |
| Contributions10/11 | €72.5m | €72.5m | €72.5m | €72.5m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Capital10 | - | - | - | €72.5m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Issued capital100 | - | - | - | €72.5m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €7.3m | €7.3m | €7.3m | €7.3m | €7.3m | = |
| Non-distributable reserves130/1 | - | - | - | €7.3m | €7.3m | €7.3m | €7.3m | €7.3m | = |
| Legal reserve130 | - | - | - | €7.3m | €7.3m | €7.3m | €7.3m | €7.3m | = |
| Profit (loss) carried forward14 | -€6.1m | -€6.1m | -€12.8m | €3.8m | €4.5m | €4.1m | €2.9m | €3.4m | ▲ 16.5% |
| Investment grants15 | - | - | - | €0.06m | €0.05m | €0.1m | €0.08m | €0.05m | ▼ 39.0% |
| Amounts payable17/49 | €28.2m | €30.5m | €29.5m | €646.0m | €3.6m | €6.7m | €7.7m | €10.3m | ▲ 34.5% |
| Amounts payable after more than one year17 | €0.6m | - | - | €1.2m | €1.0m | €0.8m | €0.6m | €0.4m | ▼ 33.3% |
| Other amounts payable178/9 | - | - | - | €1.2m | €1.0m | €0.8m | €0.6m | €0.4m | ▼ 33.3% |
| Amounts payable within one year42/48 | €27.5m | €30.5m | €29.5m | €644.8m | €2.6m | €5.9m | €6.3m | €9.9m | ▲ 57.2% |
| Financial debts43 | - | - | - | €1.2m | - | €0.2m | €0.2m | €0.2m | = |
| Other loans439 | - | - | - | €1.2m | - | €0.2m | €0.2m | €0.2m | = |
| Trade debts44 | €1.6m | €1.8m | €0.7m | €1.6m | €2.4m | €4.2m | €3.5m | €3.4m | ▼ 0.6% |
| Suppliers440/4 | - | - | - | €1.6m | €2.4m | €4.2m | €3.5m | €3.4m | ▼ 0.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.001m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 15.4% |
| Taxes450/3 | - | - | - | €0.04m | €0.04m | €0.01m | - | €0.01m | - |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 7.0% |
| Other amounts payable47/48 | - | - | - | €641.8m | €0.03m | €1.3m | €2.4m | €6.0m | ▲ 146% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.8m | €0.07m | ▼ 91.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.8m | -€0.02m | -€6.7m | €634.6m | €0.7m | -€0.4m | -€1.1m | €0.5m | - |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.3m | €0.7m | €0.6m | €0.7m | €0.9m | €0.9m | ▲ 0.3% |
| Operating cash flow (approximation) | -€0.6m | €0.2m | -€6.5m | €635.3m | €1.3m | €0.2m | -€0.2m | €1.4m | - |
| Investment in fixed assets (approximation) | - | -€0.2m | €5.3m | €66.2m | -€0.4m | -€2.2m | €0.8m | -€3.3m | - |
| Change in cash | - | €0.3m | €0.8m | -€0.02m | -€0.02m | -€0.6m | €0.7m | €1.7m | ▲ 126% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as Natix has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Natix itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for Natix. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 07-07-2026 | 2026-00261508 | |
| 31-12-2024 | full format | 09-07-2025 | 2025-00255650 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00166445 | |
| 31-12-2022 | full format | 04-07-2023 | 2023-00205693 | |
| 31-12-2021 | full format | 02-06-2022 | 2022-20051517 | |
| 31-12-2020 | full format | 08-06-2021 | 2021-18900314 | |
| 31-12-2019 | full format | 25-05-2020 | 2020-12900383 | |
| 31-12-2018 | full format | 06-06-2019 | 2019-16900045 | |
| 31-12-2017 | full format | 04-06-2018 | 2018-15700507 | |
| 31-12-2016 | full format | 19-06-2017 | 2017-19200352 |