NAVARIN
InactiveNAVARIN was declared bankrupt on 19-02-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 29-10-2024, published in the Belgian State Gazette on 06-11-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-06-2021 close31-01-2022 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 04-02-2021, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
4 d late
2019
222 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€1.22M▲ 444%
2019 · €225k
2019: €225k
2019 → 2020
Total assets
€2.88M▼ 28.5%
2019 · €4.03M
2019: €4.03M
2019 → 2020
Net result
€997k
2019 · €-742k
2019: €-742k
2019 → 2020
Working capital
€-1.35M▼ 16.9%
2019 · €-1.16M
2019: €-1.16M
2019 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Equity€225k-€1.22M▲ 444%
Operating result€-745k-€145k
Net result€-742k-€997k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €145k after a loss of €745k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €2.88M
Fixed assets
€2.73M▼ 3.4%
Current assets
€146k▼ 87.8%
Equity and liabilities €2.88M
Equity
€1.22M▲ 444%
Provisions
€140k▼ 68.5%
Debt
€1.52M▼ 54.8%
The debt ratio falls from 83.3% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
42.4%▲
2019 · 5.6%
Current ratio
0.10▼
2019 · 0.51
Quick ratio
0.10▼
2019 · 0.51
ROE
81.6%▲
2019 · -330.4%
ROA
34.6%▲
2019 · -18.4%
Debt
€1.52M▼
2019 · €3.36M
Debt ≤ 1 year
€1.50M▼
2019 · €2.36M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€4.03M€2.88M▼
Fixed assets21/28€2.83M€2.73M▼
Financial fixed assets28€2.83M€2.73M▼
Current assets29/58€1.20M€146k▼
Amounts receivable within one year40/41€1.09M€145k▼
Cash at bank and in hand54/58€1k€992▼
Equity and liabilities
Total equity and liabilities10/49€4.03M€2.88M▼
Equity10/15€225k€1.22M▲
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Profit (loss) carried forward14€156k€1.15M▲
Provisions and deferred taxes16€446k€140k▼
Amounts payable17/49€3.36M€1.52M▼
Amounts payable after more than one year17€1.00M-
Amounts payable within one year42/48€2.36M€1.50M▼
Trade debts44€348-
Income statement
Code20192020
Gross operating margin9900€93k€-20k▼
Operating profit (loss)9901€-745k€145k▲
Recurring financial income75€66k€33k▼
Recurring financial charges65€64k€56k▼
Profit (loss) for the period before taxes9903€-742k€997k▲
Profit (loss) for the period9904€-742k€997k▲
Profit (loss) for the period to be appropriated9905€-742k€997k▲
Appropriation of the result
Return on contributions (dividend)694€2.50M-
Timeline · acts, filings and financial milestones
2024
06-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · NAVARIN SA AVENUE CHARLES THIELEMANS 2, 1150 WOLUWE-SAINT- PIERRE. déclarée le 19 février 2024 · event 29-10-2024
23-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · NAVARIN SA AVENUE CHARLES THIELEMANS 2, 1150 WOLUWE-SAINT-PIERRE · event 19-02-2024
2021
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 222 days late
30-06
Financial
Back to profitnet €997k
Net result €997k after one loss-making year.
30-06
Financial
Equity above €1MEq €1.22M ▲444%
Equity rises from €225k to €1.22M.
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 56 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
10-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
10-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
12-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
12-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY KELDER PLACE GUY D’AREZZO 18, 1180 UCCLE- |
19-02-2024 → present |