NAVALORAMA
ActiveSummary
NAVALORAMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 634 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency12▼-34
Growth67=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.57 against 0.78 in 2024; short-term debt: 20.7% and cash: 20% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-13%
Return on assets
-58.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 €-1k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
36 d early
2023
1 d early
2022
32 d early
2021
6 d early
2020
19 d early
2019
174 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€77k▲ 219%
2021 · €24k
2018: €43k
2019: €66k▲ +52.9% vs 2018
2020: €39k▼ -40.7% vs 2019
2021: €24k▼ -38.5% vs 2020lowest in 5 years
2022: €77k▲ +219% vs 2021highest in 5 years
2018 → 2022
EBIT margin
23.5%▲ 76.2pp
2021 · -52.7%
2018: -54.8%lowest in 5 years
2019: 12.9%▲ +124% vs 2018
2020: 12.2%▼ -5.8% vs 2019
2021: -52.7%▼ -533% vs 2020
2022: 23.5%▲ +145% vs 2021highest in 5 years
2018 → 2022
Net result
€-5k▲ 7.4%
2024 · €-6k
2018: €-25klowest in 8 years
2019: €8k▲ +134% vs 2018
2020: €5k▼ -43.8% vs 2019
2021: €-17k▼ -456% vs 2020
2022: €18k▲ +204% vs 2021highest in 8 years
2023: €-14k▼ -180% vs 2022
2024: €-6k▲ +60.7% vs 2023
2025: €-5k▲ +7.4% vs 2024
2018 → 2025
Working capital
€1k
2024 · €-3k
2018: €899
2019: €335▼ -62.7% vs 2018
2020: €11k▲ +3129% vs 2019
2021: €-5k▼ -149% vs 2020lowest in 8 years
2022: €12k▲ +320% vs 2021highest in 8 years
2023: €-982▼ -108% vs 2022
2024: €-3k▼ -239% vs 2023
2025: €1k▲ +131% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€24k-€77k▲ 219%
2021: €24k
2022: €77k▲ +219% vs 2021
Equity€6k-€24k▲ 291%€9k▼ 59.7%€4k▼ 58.1%€-1k
2021: €6k
2022: €24k▲ +291% vs 2021highest in 5 years
2023: €9k▼ -59.7% vs 2022
2024: €4k▼ -58.1% vs 2023
2025: €-1k▼ -128% vs 2024lowest in 5 years
Operating result€-13k-€18k€-14k€-5k▲ 60.9%€-5k▲ 7.5%
2021: €-13k
2022: €18k▲ +242% vs 2021highest in 5 years
2023: €-14k▼ -178% vs 2022lowest in 5 years
2024: €-5k▲ +60.9% vs 2023
2025: €-5k▲ +7.5% vs 2024
Net result€-17k-€18k€-14k€-6k▲ 60.7%€-5k▲ 7.4%
2021: €-17klowest in 5 years
2022: €18k▲ +204% vs 2021highest in 5 years
2023: €-14k▼ -180% vs 2022
2024: €-6k▲ +60.7% vs 2023
2025: €-5k▲ +7.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9k
Fixed assets
€6k ▼ 19.8%
Current assets
€3k ▼ 76.6%
Key figures and ratios
EBITDA
€-2k▼
2024 · €-2k
Cash flow
€-2k▼
2024 · €-2k
Solvency
-13.0%▼
2024 · 20.6%
Current ratio
1.57▲
2024 · 0.78
Debt to equity
-8.68▼
2024 · 3.86
ROA
-58.9%▼
2024 · -28.5%
Interest coverage
-55.95▲
2024 · -56.28
Debt
€10k▼
2024 · €15k
Debt ≤ 1 year
€2k▼
2024 · €15k
Debt > 1 year
€8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€19k€9k▼
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€6k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€6k€4k▼
Financial fixed assets28€140€140=
Current assets29/58€12k€3k▼
Amounts receivable within one year40/41€9k€1k▼
Trade receivables40€9k€1k▼
Other amounts receivable41€236€45▼
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€19k€9k▼
Equity10/15€4k€-1k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-15k€-20k▼
Amounts payable17/49€15k€10k▼
Amounts payable after more than one year17-€8k
Other amounts payable178/9-€8k
Amounts payable within one year42/48€15k€2k▼
Trade debts44€533€2k▲
Suppliers440/4€533€2k▲
Advances received on contracts in progress46€9k-
Other amounts payable47/48€6k€134▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€19k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€387€400▲
Gross operating margin9900€-2k€-2k▼
Operating profit (loss)9901€-5k€-5k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€41€44▲
Recurring financial charges65€41€44▲
Profit (loss) for the period before taxes9903€-6k€-5k▲
Profit (loss) for the period9904€-6k€-5k▲
Profit (loss) for the period to be appropriated9905€-6k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-20k▼
Profit (loss) brought forward from the previous period14P€-9k€-15k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €24k | €77k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €31k | €55k | €38k | €19k | €21k | ▲ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €3k | €3k | €3k | ▼ 17.2% |
| Other operating charges640/8 | €593 | €593 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €-7k | €21k | €-10k | €-2k | €-2k | ▼ 6.2% |
| Operating profit (loss)9901 | €-13k | €18k | €-14k | €-5k | €-5k | ▲ 7.5% |
| Financial income75/76B | €0 | - | €5 | €0 | €1 | ▲ 83.9% |
| Recurring financial income75 | €0 | - | €5 | €0 | €1 | ▲ 83.9% |
| Financial charges65/66B | €467 | €484 | €39 | €41 | €44 | ▲ 6.3% |
| Recurring financial charges65 | €467 | €484 | €39 | €41 | €44 | ▲ 6.3% |
| Profit (loss) for the period before taxes9903 | €-13k | €18k | €-14k | €-6k | €-5k | ▲ 7.4% |
| Income taxes67/77 | €4k | - | - | - | - | - |
| Profit (loss) for the period9904 | €-17k | €18k | €-14k | €-6k | €-5k | ▲ 7.4% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €18k | €-14k | €-6k | €-5k | ▲ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13k | €33k | €23k | €19k | €9k | ▼ 55.1% |
| Fixed assets21/28 | €11k | €12k | €10k | €7k | €6k | ▼ 19.8% |
| Tangible fixed assets22/27 | €11k | €12k | €10k | €7k | €6k | ▼ 20.2% |
| Furniture and vehicles24 | €1k | €3k | €3k | €2k | €1k | ▼ 12.3% |
| Other tangible fixed assets26 | €10k | €8k | €7k | €6k | €4k | ▼ 22.4% |
| Financial fixed assets28 | €140 | €140 | €140 | €140 | €140 | = |
| Current assets29/58 | €2k | €21k | €12k | €12k | €3k | ▼ 76.6% |
| Amounts receivable within one year40/41 | €125 | €1k | €4k | €9k | €1k | ▼ 87.8% |
| Trade receivables40 | €118 | €1k | €4k | €9k | €1k | ▼ 88.0% |
| Other amounts receivable41 | €7 | €11 | - | €236 | €45 | ▼ 80.8% |
| Cash at bank and in hand54/58 | €2k | €20k | €8k | €3k | €2k | ▼ 45.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13k | €33k | €23k | €19k | €9k | ▼ 55.1% |
| Equity10/15 | €6k | €24k | €9k | €4k | €-1k | ▼ 128% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €5k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | - | €5k | - | - | - | - |
| Profit (loss) carried forward14 | €-14k | €121 | €-9k | €-15k | €-20k | ▼ 35.0% |
| Amounts payable17/49 | €7k | €9k | €13k | €15k | €10k | ▼ 36.1% |
| Amounts payable after more than one year17 | - | - | - | - | €8k | - |
| Other amounts payable178/9 | - | - | - | - | €8k | - |
| Amounts payable within one year42/48 | €7k | €9k | €13k | €15k | €2k | ▼ 88.3% |
| Trade debts44 | €872 | €4k | €3k | €533 | €2k | ▲ 212% |
| Suppliers440/4 | €872 | €4k | €3k | €533 | €2k | ▲ 212% |
| Advances received on contracts in progress46 | - | - | €4k | €9k | - | - |
| Taxes, remuneration and social security45 | €311 | €5k | €586 | - | - | - |
| Taxes450/3 | €311 | €5k | €586 | - | - | - |
| Other amounts payable47/48 | €6k | €174 | €6k | €6k | €134 | ▼ 97.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €18k | €-14k | €-6k | €-5k | ▲ 7.4% |
| + Depreciation and write-downs630 | €5k | €3k | €3k | €3k | €3k | ▼ 17.2% |
| Operating cash flow (approximation) | €-12k | €20k | €-11k | €-2k | €-2k | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | €-3k | €-2k | €0 | €-1k | - |
| Change in cash | - | €18k | €-12k | €-5k | €-1k | ▲ 68.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 2.24
Current ratio from 0.26 to 2.24.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 174 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.89
Current ratio from 1.04 to 3.89; short-term debt falls from €8k to €4k.
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 100 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2008
Ground area
346 m²
Building footprint
202 m²
Volume, LiDAR
2,560 m³
2 parcels, Brussels · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
-
since 20082.168.342.651
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572C0019/00K005 | Brussels | 233 m² | 1 · 92 m² | 17.0 m · 5 fl. |
| 21013B0040/00S020 | Brussels | 113 m² | 1 · 110 m² | 17.1 m · 5 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.
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Of 6,293 companies in sector 74120 we hold annual accounts for 1,011. 464 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
Founded07-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
62200Computer consultancy and computer facilities management
63910Web portal activities
Scores and ratios are computed by Checked and are not a credit decision.