Summary
Conclusion
the dossier summarised in one paragraphFor the legal form of Nautisport, Checked does not compute a bankruptcy probability. The 2024 annual accounts show negative equity (€-196k) and a net result of €30k. Equity is shrinking by ~51% per year across the filed fiscal years. Its solvency ranks better than 20% of 72 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneFor this legal form (e.g. co-owners' association, public body or foreign branch) we don't show a bankruptcy probability: some of these forms legally cannot go bankrupt and no reliable figure is possible here.
Signals
2 signals · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 72 sector peers (2024).
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 18 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 31-10-2025 | 92 d late | 2025-00559798 |
| 31-12-2023 | 31-07-2024 | 11-07-2024 | 20 d early | 2024-00239596 |
| 31-12-2022 | 31-07-2023 | 07-10-2023 | 68 d late | 2023-00475932 |
| 31-12-2021 | 31-07-2022 | 28-10-2022 | 89 d late | 2022-20478951 |
| 31-12-2020 | 31-07-2021 | 28-03-2022 | 240 d late | 2022-08700008 |
| 31-12-2019 | 31-07-2020 | 31-12-2020 | 153 d late | 2020-77700490 |
| 31-12-2018 | 31-07-2019 | 12-08-2019 | 12 d late | 2019-47400428 |
| 31-12-2017 | 31-07-2018 | 02-08-2018 | 2 d late | 2018-43000008 |
| 31-12-2016 | 31-07-2017 | 27-07-2017 | 4 d early | 2017-39300259 |
| 31-12-2015 | 31-07-2016 | 09-08-2016 | 9 d late | 2016-41400440 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€30k-89.9%
Working capital€-55k+28.0%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 31-10-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~51%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 93 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -4.4% | 24.7% | |
| Net result | €30k | €9k | |
| Equity | €-196k | €157k | |
| Gross operating margin | €1.77M | €259k | |
| Staff costs | €1.31M | €311k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P20
Stable position over 2020-2024
· n=46-72
P62
Improving position over 2020-2024
· n=45-72
P12
Weakening position over 2020-2024
· n=46-72
P92
Stable position over 2020-2024
· n=35-64
Describes the position versus peers, not a forecast.
€357k
-43.4%
18-24
€30k
-89.9%
18-24
€428k
-38.4%
18-24
€4.49M
-4.4%
18-24
€-196k
-137.1%
18-24
€-55k
+28.0%
18-24
50
+64.5%
18-24
€1.31M
+10.7%
18-24
Show 11 other metrics
€0
-100.0%
18-24
€4.58M
-1.0%
18-24
€1.47M
+6.5%
18-24
€2.99M
-5.2%
18-24
0.96
+1.9%
18-24
0.96
+1.8%
18-24
-4.4%
-148.0%
18-24
-23.40
+58.2%
18-24
-15.2%
+95.7%
18-24
0.7%
-89.5%
18-24
4.29
-37.5%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €357k |
| Net profit | €30k |
| Cash flow | €428k |
| Staff costs | €1.31M |
| Income taxes | - |
| Dividends | - |
| Total assets | €4.49M |
| Equity | €-196k |
| Debt | €4.58M |
| of which ≤ 1y | €1.47M |
| of which > 1y | €2.99M |
| Working capital | €-55k |
| Employees (FTE) | 49.5 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.96 |
| Quick ratio | 0.96 |
| Working capital ratio | -1.2% |
| Solvency | -4.4% |
| Debt / equity | -23.40 |
| Long-term debt ratio | -15.28 |
| Interest coverage | 4.29 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.7% |
| ROE | -15.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4.49M |
| Fixed assets | 21/28 | €3.07M |
| Intangible fixed assets | 21 | €1k |
| Tangible fixed assets | 22/27 | €3.06M |
| Financial fixed assets | 28 | €14k |
| Current assets | 29/58 | €1.41M |
| Stocks & contracts in progress | 3 | €6k |
| Amounts receivable within one year | 40/41 | €555k |
| Cash & bank | 54/58 | €563k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.49M |
| Equity | 10/15 | €-196k |
| Contributions / capital | 10/11 | €400k |
| Accumulated profits (losses) | 14 | €-1.85M |
| Provisions & deferred taxes | 16 | €99k |
| Amounts payable | 17/49 | €4.58M |
| Amounts payable after one year | 17 | €2.99M |
| Amounts payable within one year | 42/48 | €1.47M |
| Trade debts payable within one year | 44 | €402k |
| Income statement | ||
| Gross operating margin | 9900 | €1.77M |
| Operating result | 9901 | €-42k |
| Financial income | 75 | €155k |
| Financial charges | 65 | €83k |
| Result before taxes | 9903 | €30k |
| Net result for the period | 9904 | €30k |
| Result to be appropriated | 9905 | €30k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed10
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
29 directors20 of this company's 20 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Carine WASTIELSMembre observateurState Gazette act 25070573 (03-06-2025)Current02-06-2025 → present
2 events
- 03-06-2025 Appointed· Membre observateur
- 02-06-2025 Appointed· Membre observateur
-
Cédric MERTENSDirectorState Gazette act 25070573 (03-06-2025)Current02-06-2025 → present
2 events
- 03-06-2025 Appointed· Director
- 02-06-2025 Appointed· Director
-
Fabrice LETENREVice présidentState Gazette act 25070573 (03-06-2025)Current02-06-2025 → present
4 events
- 03-06-2025 Appointed· Vice président
- 02-06-2025 Appointed· Director
- 10-03-2021 Resigned· Director
- 14-02-2019 Appointed· Director
-
Geoffrey DERYCKEChairState Gazette act 25070573 (03-06-2025)Current02-06-2025 → present
2 events
- 03-06-2025 Appointed· Chair
- 02-06-2025 Appointed· Director
-
Helen LAKAMADirectorState Gazette act 25070573 (03-06-2025)Current02-06-2025 → present
2 events
- 03-06-2025 Appointed· Director
- 02-06-2025 Appointed· Director
-
Olivier GOOSSENSDirectorState Gazette act 25070573 (03-06-2025)Current02-06-2025 → present
2 events
- 03-06-2025 Appointed· Director
- 02-06-2025 Appointed· Director
Show 8 more sitting directors
-
Sébastien VANBELLEDirectorState Gazette act 25070573 (03-06-2025)Current02-06-2025 → present
2 events
- 03-06-2025 Appointed· Director
- 02-06-2025 Appointed· Director
-
Valentine PARYDirectorState Gazette act 25070573 (03-06-2025)Current02-06-2025 → present
2 events
- 03-06-2025 Appointed· Director
- 02-06-2025 Appointed· Director
-
Florinne Pary-MilleDirectorState Gazette act 23054876 (24-04-2023)Current24-04-2023 → present
2 events
- 24-04-2023 Resigned· Membre du collège des commissaires
- 24-04-2023 Appointed· Director
-
Marc VanderstichelenMembre du collège des commissairesState Gazette act 23054876 (24-04-2023)Current24-04-2023 → present
-
Gwendoline FernandezDirectorState Gazette act 21115419 (27-09-2021)Current27-09-2021 → present
-
Pascal HILLEWAERTDirectorState Gazette act 25070573 (03-06-2025)Current27-09-2021 → present
3 events
- 03-06-2025 Appointed· Director
- 02-06-2025 Appointed· Director
- 27-09-2021 Appointed· Director
-
Davy JURCADirectorState Gazette act 25070573 (03-06-2025)Current10-03-2021 → present
7 events
- 03-06-2025 Appointed· Director
- 02-06-2025 Appointed· Director
- 10-03-2021 Appointed· Director
- 10-03-2021 Appointed· Membre du bureau exécutif
- 16-06-2020 Resigned· Director
- 14-02-2019 Appointed· Director
- 14-02-2019 Appointed· Administrateur du bureau exécutif
-
Christophe DevilleMembre observateurState Gazette act 21115419 (27-09-2021)Current14-02-2019 → present
3 events
- 27-09-2021 Appointed· Membre observateur
- 14-02-2019 Appointed· Membre observateur au sein du conseil d'administration
- 14-02-2019 Appointed· Invité au sein du bureau exécutif
Historic, not recently confirmed (5)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Quentin MERCKXDirectorState Gazette act 19023710 (14-02-2019)Not recently confirmedlast confirmed in an act from 2019
2 events
- 14-02-2019 Appointed· Director
- 14-02-2019 Appointed· Administrateur du bureau exécutif
-
Stephan DE BRABANDEREDirectorState Gazette act 19023710 (14-02-2019)Not recently confirmedlast confirmed in an act from 2019
2 events
- 14-02-2019 Appointed· Director
- 14-02-2019 Appointed· Président du bureau exécutif
-
Sébastien SWILLENSDirectorState Gazette act 19023710 (14-02-2019)Not recently confirmedlast confirmed in an act from 2019
-
Thierry PIRAUXDirectorState Gazette act 19023710 (14-02-2019)Not recently confirmedlast confirmed in an act from 2019
-
Aimable NGABONZIZADirectorState Gazette act 16019925 (05-02-2016)Not recently confirmedlast confirmed in an act from 2016
Former directors (10)
-
Jean-François BaudouxDirectorState Gazette act 21115419 (27-09-2021)Former27-09-2021 → 24-04-2023
2 events
- 24-04-2023 Resigned· Director
- 27-09-2021 Appointed· Director
-
Christophe MEDAETSDirectorState Gazette act 19023710 (14-02-2019)Former05-02-2016 → 27-09-2021
5 events
- 27-09-2021 Resigned· Director
- 14-02-2019 Appointed· Director
- 14-02-2019 Appointed· Invité au sein du bureau exécutif
- 05-02-2016 Appointed· Director
- 05-02-2016 Appointed· Administrateur directeur
-
Dominique EGGERMONTDirectorState Gazette act 20037404 (09-03-2020)Former09-03-2020 → 27-09-2021
2 events
- 27-09-2021 Resigned· Director
- 09-03-2020 Appointed· Director
-
Sébastien RUSSODirectorState Gazette act 19023710 (14-02-2019)Former14-02-2019 → 27-09-2021
2 events
- 27-09-2021 Resigned· Director
- 14-02-2019 Appointed· Director
-
Fabienne TENVOORENDirectorState Gazette act 20067543 (16-06-2020)Former16-06-2020 → 10-03-2021
2 events
- 10-03-2021 Resigned· Director
- 16-06-2020 Appointed· Director
5 further former directors in the mandate history. Available in Kantoor S.
See plans →
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
4 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Florine Pary-MilleCurrent Commissaire |
- | 27-09-2021 → present |
Show 3 earlier auditors
| Bénédicte LINARD Commissaire aux comptes |
- | - → 05-02-2016 |
| Guy DEVRIESE Commissaire succeeded by Florine Pary-Mille in 2021 |
- | 05-02-2016 → 27-09-2021 |
| Philippe STREYDIO Commissaire |
- | 14-02-2019 → 27-09-2021 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Exploitatie van sportaccommodaties(93110) |
| Legal form | Autonoom gemeentebedrijf(418) |
| Incorporation | 01-01-2004 |
| Status | Active |
| Postal code | 7850 |
Structure & network
Connections & network
1 connected companyGroup structure
We sit on their board · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
1 partyNautisportBE 0862.964.854
controls
Where this company holds controlthis company sits on their board1
1 location
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationNautisport RCA
since 20052.160.521.085
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2.6 ha
Buildings1
Building footprint3,576 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025B0278/00E000 ProtectedSite or landscape |
Wallonia | 2.6 ha | 1 · 3,576 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
13 acts All acts · 13
updated 1 year ago
2025
03-06-2025 10 directors appointed
- Valentine PARY, Bestuurder
- Geoffrey DERYCKE, Voorzitter
- Sébastien VANBELLE, Bestuurder
- Fabrice LETENRE, Vice président
- Pascal HILLEWAERT, Bestuurder
- Helen LAKAMA, Bestuurder
- Olivier GOOSSENS, Bestuurder
- Davy JURCA, Bestuurder
Summary:
v3.2
02-06-2025 10 directors appointed
- Valentine PARY, Bestuurder
- Geoffrey DERYCKE, Bestuurder
- Sébastien VANBELLE, Bestuurder
- Fabrice LETENRE, Bestuurder
- Pascal HILLEWAERT, Bestuurder
- Helen LAKAMA, Bestuurder
- Olivier GOOSSENS, Bestuurder
- Davy JURCA, Bestuurder
Summary:
v3.2
2023
24-04-2023 2 directors appointed, 2 resigning
- Florinne Pary-Mille, Bestuurder
- Marc Vanderstichelen, Membre du collège des commissaires
- Jean-François Baudoux, Bestuurder
- Florinne Pary-Mille, Membre du collège des commissaires
Summary:
v3.2
2021
27-09-2021 5 directors appointed, 4 resigning
- Florine Pary-Mille, Commissaire
- Jean-François Baudoux, Bestuurder
- Pascal Hillewaert, Bestuurder
- Gwendoline Fernandez, Bestuurder
- Christophe Deville, Membre observateur
- Philippe Streydio, Commissaire
- Sébastien Russo, Bestuurder
- Dominique Eggermont, Bestuurder
Summary:
v3.2
10-03-2021 2 directors appointed, 2 resigning
- Davy JURCA, Bestuurder
- Davy JURCA, Membre du bureau exécutif
- Fabienne TENVOOREN, Bestuurder
- Fabrice LETENRE, Bestuurder
Summary:
v3.2
2020
14-10-2020 Change in the board of directors
Summary:
v3.2
16-06-2020 1 director appointed, 1 resigning
09-03-2020 1 director appointed, 1 resigning
2019
15-10-2019 1 director appointed, 1 resigning
14-02-2019 17 directors appointed
- Michelle VERHULST, Bestuurder
- Stephan DE BRABANDERE, Bestuurder
- Fabrice LETENRE, Bestuurder
- Sébastien RUSSO, Bestuurder
- Quentin MERCKX, Bestuurder
- Christophe MEDAETS, Bestuurder
- Sébastien SWILLENS, Bestuurder
- Thierry PIRAUX, Bestuurder
Summary:
v3.2
14-02-2019 Articles of association amended
Summary:
v3.2
2016
11-04-2016 Articles of association amended
Summary:
v3.2
05-02-2016 5 directors appointed, 5 resigning
- Christophe MEDAETS, Bestuurder
- Aimable NGABONZIZA, Bestuurder
- Christophe MEDAETS, Administrateur directeur
- Bénédicte LINARD, Bestuurder
- Guy DEVRIESE, Commissaire aux comptes
- François DEVROEDE, Bestuurder
- Erika CLAES, Bestuurder
- Dany DEHANDTSCHUTTER, Administrateur directeur
Summary:
v3.2
Analysis
Financial profile
5 of 5 axes measured42
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
10
Profitability
0
Solvency
44
Growth
58
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 322 of the 3,283 companies in this sector. 238 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Beheer en exploitatie van sportcentra92611Exploitatie van sportaccommodaties93110Exploitatie van sportaccommodaties93110Cafés55401Cafés en bars56301Cafés en bars56301
Primary activity highlighted.
Names & trade names
| Legal nameFR | Nautisport |
Registered office
Steenweg op Zinnik(E) 36
7850 Enghien, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.