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NAUTIC

Active
Private limited company (pre-2019)founded 198244 yrs activeRue de Marchienne(GOZ) 101, 6534 Thuin, BelgiumKBO/BCE: BE 0422.977.606
Summary

NAUTIC has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €673,223 and a net result of €3,824. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 94% of 1532 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 9.64 against 15.26 in 2024; short-term debt: 9% and cash: 0.5% of total assets), and 9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 44 years 0 50 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
91%
Return on assets
0.5%
Age of the figures
11 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 06-01-2026, 145 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
145 d early
2024
93 d early
2023
106 d early
2022
91 d early
2021
110 d early
2020
102 d early
2019
4 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 92 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-10-2026 close31-05-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

NAUTIC was incorporated on 1 June 1982.1 Total assets rose from EUR 654,562 in 2018 to EUR 739,718 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€673,223▲ 0.6%
2024 · €669,399
Total assets
€739,718▲ 4.4%
2024 · €708,399
Net result
€3,824▼ 53.2%
2024 · €8,167
Working capital
€574,496▲ 3.3%
2024 · €556,257
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€97,496-€14,355-€612▲ 95.7%€11,347€5,153▼ 54.6%
Net result€72,512-€44,231-€813▲ 98.2%€8,167€3,824▼ 53.2%
Equity€706,275▲ 11.4%€662,044▼ 6.3%€661,231▼ 0.1%€669,399▲ 1.2%€673,223▲ 0.6%
Total assets€776,106▲ 14.1%€833,298▲ 7.4%€938,803▲ 12.7%€708,399▼ 24.5%€739,718▲ 4.4%
Debt€69,830▲ 49.5%€171,254▲ 145%€277,572▲ 62.1%€39,000▼ 85.9%€66,495▲ 70.5%
Working capital€663,969▲ 13.9%€547,749▼ 17.5%€539,817▼ 1.4%€556,257▲ 3.0%€574,496▲ 3.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: €97,496€97,496Net result 2021: €72,512€72,512Operating result 2022: -€14,355-€14,355Net result 2022: -€44,231-€44,231Operating result 2023: -€612-€612Net result 2023: -€813-€813Operating result 2024: €11,347€11,347Net result 2024: €8,167€8,167Operating result 2025: €5,153€5,153Net result 2025: €3,824€3,82420212022202320242025-€5,000€0€5,000€10,000Operating result 2023: -€612-€612Net result 2023: -€813-€813Operating result 2024: €11,347€11,300Net result 2024: €8,167€8,170Operating result 2025: €5,153€5,150Net result 2025: €3,824€3,820202320242025
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €739,718
Fixed assets €98,727 ▼ 12.7%
Current assets €640,991 ▲ 7.7%
Equity and liabilities €739,718
Equity €673,223 ▲ 0.6%
Debt €66,495 ▲ 70.5%
Debt's share of the balance-sheet total rises from 5.5% to 9.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€46,316▼
2024 · €50,972
Cash flow
€44,987▼
2024 · €47,793
Current ratio
9.64▼
2024 · 15.26
Quick ratio
9.02▼
2024 · 14.19
Debt to equity
0.10▲
2024 · 0.06
ROE
0.6%▼
2024 · 1.2%
ROA
0.5%▼
2024 · 1.2%
Interest coverage
237.46▼
2024 · 247.32
Debt ≤ 1 year
€66,495▲
2024 · €39,000
Income taxes
€1,134▼
2024 · €2,973
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€708,399€739,718▲
Fixed assets21/28€113,142€98,727▼
Tangible fixed assets22/27€113,142€98,727▼
Plant, machinery and equipment23€113,142€98,727▼
Current assets29/58€595,257€640,991▲
Stocks and contracts in progress3€41,979€41,432▼
Stocks30/36€41,979€41,432▼
Amounts receivable within one year40/41€549,352€595,627▲
Trade receivables40€56,155€109,015▲
Other amounts receivable41€493,197€486,612▼
Cash at bank and in hand54/58€3,927€3,932▲
Equity and liabilities
Total equity and liabilities10/49€708,399€739,718▲
Equity10/15€669,399€673,223▲
Contributions10/11€265,000€265,000=
Reserves13€26,500€26,500=
Non-distributable reserves130/1€26,500€26,500=
Reserves not available under the articles1311€26,500€26,500=
Profit (loss) carried forward14€377,899€381,723▲
Amounts payable17/49€39,000€66,495▲
Amounts payable within one year42/48€39,000€66,495▲
Trade debts44€36,027€65,144▲
Suppliers440/4€36,027€65,144▲
Taxes, remuneration and social security45€2,973€1,351▼
Taxes450/3€2,973€1,351▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,625€41,163▲
Other operating charges640/8€968€998▲
Non-recurring operating charges66A€162€2,258▲
Gross operating margin9900€52,101€49,572▼
Operating profit (loss)9901€11,347€5,153▼
Financial charges65/66B€206€195▼
Recurring financial charges65€206€195▼
Profit (loss) for the period before taxes9903€11,141€4,958▼
Income taxes67/77€2,973€1,134▼
Profit (loss) for the period9904€8,167€3,824▼
Profit (loss) for the period to be appropriated9905€8,167€3,824▼
Appropriation of the result
Profit (loss) to be appropriated9906€377,899€381,723▲
Profit (loss) brought forward from the previous period14P€369,731€377,899▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,802€24,943€33,954€39,625€41,163▲ 3.9%
Other operating charges640/8-€348€384€968€998▲ 3.2%
Non-recurring operating charges66A-€125,814-€162€2,258▲ 1,298%
Gross operating margin9900€122,646€136,750€33,727€52,101€49,572▼ 4.9%
Operating profit (loss)9901€97,496-€14,355-€612€11,347€5,153▼ 54.6%
Financial charges65/66B-€202€201€206€195▼ 5.4%
Recurring financial charges65€200€202€201€206€195▼ 5.4%
Profit (loss) for the period before taxes9903€97,572-€14,557-€813€11,141€4,958▼ 55.5%
Income taxes67/77€25,060€29,675-€2,973€1,134▼ 61.9%
Profit (loss) for the period9904€72,512-€44,231-€813€8,167€3,824▼ 53.2%
Profit (loss) for the period to be appropriated9905€72,512-€44,231-€813€8,167€3,824▼ 53.2%
Line20212022202320242025Change
Assets
Total assets20/58€776,106€833,298€938,803€708,399€739,718▲ 4.4%
Fixed assets21/28€42,307€114,295€121,414€113,142€98,727▼ 12.7%
Tangible fixed assets22/27€42,307€114,295€121,414€113,142€98,727▼ 12.7%
Plant, machinery and equipment23-€114,295€121,414€113,142€98,727▼ 12.7%
Current assets29/58€733,799€719,003€817,389€595,257€640,991▲ 7.7%
Stocks and contracts in progress3€43,998€43,998€42,424€41,979€41,432▼ 1.3%
Stocks30/36-€43,998€42,424€41,979€41,432▼ 1.3%
Amounts receivable within one year40/41€686,484€670,971€770,933€549,352€595,627▲ 8.4%
Trade receivables40-€142,374€275,722€56,155€109,015▲ 94.1%
Other amounts receivable41-€528,596€495,211€493,197€486,612▼ 1.3%
Cash at bank and in hand54/58€3,317€4,034€4,033€3,927€3,932▲ 0.1%
Equity and liabilities
Total equity and liabilities10/49€776,106€833,298€938,803€708,399€739,718▲ 4.4%
Equity10/15€706,275€662,044€661,231€669,399€673,223▲ 0.6%
Contributions10/11-€265,000€265,000€265,000€265,000=
Reserves13€26,500€26,500€26,500€26,500€26,500=
Non-distributable reserves130/1-€26,500€26,500€26,500€26,500=
Reserves not available under the articles1311-€26,500€26,500€26,500€26,500=
Profit (loss) carried forward14€414,775€370,544€369,731€377,899€381,723▲ 1.0%
Amounts payable17/49€69,830€171,254€277,572€39,000€66,495▲ 70.5%
Amounts payable within one year42/48€69,830€171,254€277,572€39,000€66,495▲ 70.5%
Trade debts44€44,770€141,579€277,572€36,027€65,144▲ 80.8%
Suppliers440/4-€141,579€277,572€36,027€65,144▲ 80.8%
Taxes, remuneration and social security45-€29,675-€2,973€1,351▼ 54.6%
Taxes450/3-€29,675-€2,973€1,351▼ 54.6%
Line20212022202320242025Change
Profit (loss) for the period9904€72,512-€44,231-€813€8,167€3,824▼ 53.2%
+ Depreciation and write-downs630€24,802€24,943€33,954€39,625€41,163▲ 3.9%
Operating cash flow (approximation)€97,314-€19,288€33,141€47,793€44,987▼ 5.9%
Investment in fixed assets (approximation)--€96,931-€41,074-€31,353-€26,748▲ 14.7%
Change in cash-€717-€1-€106€5▲ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-05-2027
2026
06-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
27-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-10
Financial Back to profitnet €8,167
Net result €8,167 after 2 loss-making years.
31-10
Financial Liquidity times 5current ratio 15.26
Current ratio from 2.94 to 15.26; short-term debt falls from €277,572 to €39,000.
15-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
01-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
Financial Weakest financial yearnet -€44,231
Net result drops to -€44,231, the lowest in the series; recovery starts the following year.
10-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-10
Financial Back to profitnet €72,512
Net result €72,512 after one loss-making year.
18-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
04-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
11-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
06-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Thuin · 1 establishment unit since 1982
seat establishment The establishment unit on the map
Ground area
6,085 m²
Building footprint
930 m²
Volume, LiDAR
5,923 m³
2 parcels, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Abbaye d'Aulne(LEE) 8, 6142 Fontaine-l'Evêque
Water transport
since 19822.034.950.528
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52038B0470/00E000 Wallonia 4,443 m² 1 · 754 m² 10.1 m · 2 fl.
56030B0181/00E000 Wallonia 1,642 m² 1 · 176 m² 9.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 1,188 companies in sector 77399 we hold annual accounts for 711. 484 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded01-06-1982
Fiscal year end31-10
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.