Financials
- Fiscal year
- 2025
- Total assets
- €10.5m
- Loss
- -€25,806
- Solvency
- -2.4%
Total assets▲ 4.2%
Net result
20182025
NAUTEA
ActiveSummary
NAUTEA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€255,409) and a net result of -€25,806. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 2707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201NACE 45212
#2 company by total assets in Sint-Gillis, Construction sector1 site
Size
€10.5mtotal assets 2025
- Equity
- -€255,409
- Loss
- -€25,806
Structure
- Largest shareholder
- ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT · 50%
Accounts 60 d early0 of 17 deeds read
Why 54Capped at 59: negative equity- Negative equity -€255,409- Sector Construction of residential and non-residential buildings (NACE 41)- Liquidity: current ratio 2.57, cash €95,643+ Size: total assets €10.5mShow the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 26% of its sector peers (NACE 41, medium-sized)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
23=
equity -2.4% of total assets
Liquidity
35-2
short-term debt 35.8% · cash 0.9%
Profitability
37=
return on assets -0.2%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
12-2024: 0.5%● 0.0% vs 11-2024
01-2025: 0.5%● 0.0% vs 12-2024
02-2025: 0.5%▲ +3.5% vs 01-2025
03-2025: 0.5%▲ +1.8% vs 02-2025
04-2025: 0.5%▲ +5.9% vs 03-2025
05-2025: 0.6%▲ +6.5% vs 04-2025
06-2025: 0.6%▲ +5.6% vs 05-2025highest value
07-2025: 0.4%▼ -34.9% vs 06-2025
08-2025: 0.4%▼ -5.6% vs 07-2025lowest value
09-2025: 0.4%● 0.0% vs 08-2025lowest value
10-2025: 0.4%● 0.0% vs 09-2025lowest value
11-2025: 0.4%▲ +8.6% vs 10-2025
12-2025: 0.4%● 0.0% vs 11-2025
01-2026: 0.4%● 0.0% vs 12-2025
02-2026: 0.4%▲ +1.7% vs 01-2026
03-2026: 0.4%▲ +1.7% vs 02-2026
04-2026: 0.4%▲ +6.0% vs 03-2026
05-2026: 0.5%▲ +6.5% vs 04-2026
06-2026: 0.5%▲ +4.7% vs 05-2026
07-2026: 0.4%▼ -18.2% vs 06-2026
08-2026: 0.4%● 0.0% vs 07-2026
09-2026: 0.4%● 0.0% vs 08-2026
10-2026: 0.4%● 0.0% vs 09-2026
- Size: total assets €10.5m lowers the probability for this profile
- Negative equity -€255,409 raises the probability
- Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
- Liquidity: current ratio 2.57, cash €95,643 raises the probability
No credit on open account
Liquidity ample (current ratio 2.57 against 2.79 in 2024; short-term debt: 35.8% and cash: 0.9% of total assets), but equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, medium-sized). Better than this share of them on solvency 8%, liquidity 52%, profitability 29%, growth against the median 15%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€255,409
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
51 d early
2023
51 d early
2022
62 d early
2021
62 d early
2020
17 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Liquidity triplescurrent ratio 2.79
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€255,409 View
- Risk: 5 loss-making years in a rowloss fiscal year 2025 -€25,806 View
- Caution: Among the weakest 5% on equitysector median €197,858 · 2,707 companies -€255,409 View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
- Known shareholderslargest: ALIDES REAL ESTATE… 50% 100% View
By topic
Board & ownership
- Largest shareholder
- ALIDES REAL ESTATE INVESTMENT… · 50%
- Known shareholders
- 100%
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 01-06-2026Annual accounts filed
- 10-06-2025Annual accounts filed
- 31-12-2024Liquidity triples
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 24-06-1997
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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