Equity
€486,795 from €2.3m in 2020
Equity fell by 79% in 6 years.
NAVAL
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €553,297 (2021)
-€8,925▼ €131,121
lowest -€160,142 (2026)
-€160,142▼ €137,014
peak €2.3m (2020)
€486,795▼ 24.8%
€1.2m▲ 7.8%
peak 2.5 FTE (2018)
0.5 FTE▼ 37.5%
Board4 names since 2017
4 directors and 3 others
Documentsfilings and deeds
28-10-20263 days before the deadline
2026abbreviated format
Gross margin from €122,196 to -€8,925Loss of €160,142Staff from 0.8 FTE to 0.5 FTEEquity from €646,937 to €486,795Cash from €70,134 to €28,997
Key points
from the 2026 annual accountsLosses
-€214,886 in four years
Every financial year from 2023 to 2026 closed with a loss. 2026 was the heaviest.
Debts
€1.2m 71% of the balance sheet
Suppliers 15%Taxes and wages 1%Other 84%
Of this, €183,734 falls due within a year.
Liquidity
0.28 was 1.17 in 2025
Short-term debts rose from €80,044 to €183,734.
Filings
30 annual accounts since 1996
Two of the last ten came late. The 2020 accounts came latest: 30 days after the end of the period.
Position in the sector
-€160,142
Lower net result than 94% of companies in wholesale trade. Sector median €48,525 · 649 companies.
Turnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,453 companies had the same profile as NAVAL has now. Each dot stands for 7 companies, two years later.
93.1%
were still trading
5.1%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,453 companies, not a prediction for NAVAL. 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.
Credit verdict
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Signals
Board and ownership
Managing director
Director,
Director, since 30-09-2023
Director,
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0455483690
4 directors reappointed
(managing director), , and · Permanent representatives: and · General meeting of 30-09-2023 · Gazette deed
2 directors appointed
and . · Permanent representatives: and · General meeting of 29-11-2019 · Gazette deed
Capital decrease of €1,600,000 to €272,800
Capital from €1,872,800 to €272,800 · General meeting of 14-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NAVAL Brecht | €1.7m | -€8,925 | 29.3% | 0.5 |
| REVA Heist-op-den-Berg | €1.4m | -€49,591 | -10.4% | 0 |
| BATI GROUPE Woluwe-Saint-Pierre | €2.1m | €2,189 | 58.1% | 0 |
| RONDHOUT IMPORT ETIENNE MONCAREY Zulte | €0.6m | -€13,711 | 72.8% | 0 |
| GIKIMAT Gingelom | €0.7m | €813 | 59.7% | 1 |
| M.G.F. BOIS Ciney | €0.5m | -€2,836 | 52.9% | 0 |
| de JONGE Lanaken | €1.2m | -€23,706 | 92.8% | - |
These companies have the same main activity as NAVAL: wholesale of timber (NACE 46832). They are comparable in size and age: total assets between €450,000 and €2.1m, founded between 1974 and 2003.
Official details
Source: KBO- Status
- Active since 27-06-1995Normal situation
- Activity
- Wholesale of timberNACE 46832and 5 others
- Joint committee
- 125.03Timber trade · annual accounts 31-03-2026
- Establishment unit
- 2.074.082.8032960 Brecht, since 28-11-1995
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Annual accounts to 31-03-2026
- €1.7m▼ 4.3%
- Employeeson 31-03-2026
- 1=
- Filing
- Filed on 28-10-2026, 3 days before the end of the filing period
Insights on NAVAL
NAVAL files the abbreviated format. That format states no turnover. The gross margin fell from €490,337 in 2007 to -€8,925 in 2026.
The balance sheet grew most in 2009 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NAVAL
- What is the company number of NAVAL?
- The company number of NAVAL is 0455.483.690. The VAT number is the same number with BE in front: BE 0455.483.690.
- Where is NAVAL based?
- The registered office is at Goudvinklaan 42, 2960 Brecht.Company details
- What does NAVAL do?
- According to the KBO register, the main activity is wholesale of timber (NACE 46832).
- What is the legal form of NAVAL?
- NAVAL is a public limited company (NV).
- When was NAVAL founded?
- NAVAL was founded on 27-06-1995.
- Is NAVAL still active?
- Yes, NAVAL is an active enterprise in the KBO register.
- How many employees does NAVAL have?
- NAVAL had an average of 0.5 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does NAVAL fall under?
- In its 31-03-2026 annual accounts, NAVAL states joint committee 125.03 (Timber trade).
- What is the turnover of NAVAL?
- The annual accounts for financial year 2026 state no turnover. The abbreviated format does not require it.
- Is NAVAL profitable?
- In financial year 2026, NAVAL made a loss of €160,142.
- Where can I find the annual accounts of NAVAL?
- NAVAL filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of NAVAL due?
- NAVAL must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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