NAVE
ActiveSummary
NAVE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210,577 and a net result of €18,318. Equity is growing by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-18
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 44.58 against 28.4 in 2024; short-term debt: 1.6% and cash: 71.2% of total assets), and 1.9% of the assets are financed with debt.
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Signals
Four 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.1%
Return on assets
8.5%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
45 d early
2023
56 d early
2022
54 d early
2021
53 d early
2020
28 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 46 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€210,577▲ 9.5%
2024 · €192,258
Total assets
€214,743▲ 8.8%
2024 · €197,406
Net result
€18,318▲ 34.6%
2024 · €13,605
Working capital
€152,659▲ 8.2%
2024 · €141,035
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€28,352▲ 32.1%€26,740▼ 5.7%€18,457▼ 31.0%€20,107▲ 8.9%€26,821▲ 33.4%
Net result€19,174▲ 29.2%€18,121▼ 5.5%€12,426▼ 31.4%€13,605▲ 9.5%€18,318▲ 34.6%
Equity€171,364▲ 12.6%€175,507▲ 2.4%€178,653▲ 1.8%€192,258▲ 7.6%€210,577▲ 9.5%
Total assets€177,512▲ 12.6%€184,476▲ 3.9%€189,879▲ 2.9%€197,406▲ 4.0%€214,743▲ 8.8%
Debt€6,149▲ 11.6%€8,970▲ 45.9%€11,226▲ 25.2%€5,148▼ 54.1%€4,166▼ 19.1%
Working capital€134,210▲ 19.0%€140,344▲ 4.6%€142,018▲ 1.2%€141,035▼ 0.7%€152,659▲ 8.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214,743
Fixed assets
€58,580 ▲ 14.4%
Current assets
€156,162 ▲ 6.8%
Equity and liabilities €214,743
Equity
€210,577 ▲ 9.5%
Debt
€4,166 ▼ 19.1%
Debt's share of the balance-sheet total falls from 2.6% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,040▲
2024 · €23,489
Cash flow
€21,538▲
2024 · €16,987
Current ratio
44.58▲
2024 · 28.40
Debt to equity
0.02▼
2024 · 0.03
ROE
8.7%▲
2024 · 7.1%
ROA
8.5%▲
2024 · 6.9%
Debt ≤ 1 year
€3,503▼
2024 · €5,148
Income taxes
€8,503▲
2024 · €6,502
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.6% 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%.
| 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 31,324 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,260 | €1,991 | €1,800 | €3,381 | €3,219 | ▼ 4.8% |
| Other operating charges640/8 | €4,608 | €3,354 | €4,459 | €7,533 | €4,113 | ▼ 45.4% |
| Gross operating margin9900 | €35,219 | €32,085 | €24,716 | €31,021 | €34,153 | ▲ 10.1% |
| Operating profit (loss)9901 | €28,352 | €26,740 | €18,457 | €20,107 | €26,821 | ▲ 33.4% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | €0 | €0 | - | - |
| Recurring financial charges65 | - | - | €0 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €28,352 | €26,740 | €18,457 | €20,107 | €26,821 | ▲ 33.4% |
| Income taxes67/77 | €9,178 | €8,619 | €6,031 | €6,502 | €8,503 | ▲ 30.8% |
| Profit (loss) for the period9904 | €19,174 | €18,121 | €12,426 | €13,605 | €18,318 | ▲ 34.6% |
| Profit (loss) for the period to be appropriated9905 | €19,174 | €18,121 | €12,426 | €13,605 | €18,318 | ▲ 34.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177,512 | €184,476 | €189,879 | €197,406 | €214,743 | ▲ 8.8% |
| Fixed assets21/28 | €37,154 | €35,163 | €36,635 | €51,224 | €58,580 | ▲ 14.4% |
| Tangible fixed assets22/27 | €37,154 | €35,163 | €36,635 | €51,224 | €58,580 | ▲ 14.4% |
| Land and buildings22 | €37,154 | €35,163 | €36,635 | €51,224 | €58,580 | ▲ 14.4% |
| Current assets29/58 | €140,358 | €149,313 | €153,243 | €146,182 | €156,162 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €8,367 | - | - | - | €2,839 | - |
| Other amounts receivable41 | €8,367 | - | - | - | €2,839 | - |
| Cash at bank and in hand54/58 | €130,819 | €148,122 | €152,060 | €144,985 | €152,895 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | €1,173 | €1,191 | €1,184 | €1,198 | €428 | ▼ 64.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177,512 | €184,476 | €189,879 | €197,406 | €214,743 | ▲ 8.8% |
| Equity10/15 | €171,364 | €175,507 | €178,653 | €192,258 | €210,577 | ▲ 9.5% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €152,814 | €156,957 | €160,103 | €173,708 | €192,027 | ▲ 10.5% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves not available under the articles1311 | €6,200 | €6,200 | €6,200 | - | - | - |
| Distributable reserves133 | €146,614 | €150,757 | €153,903 | €173,708 | €192,027 | ▲ 10.5% |
| Amounts payable17/49 | €6,149 | €8,970 | €11,226 | €5,148 | €4,166 | ▼ 19.1% |
| Amounts payable within one year42/48 | €6,149 | €8,970 | €11,226 | €5,148 | €3,503 | ▼ 32.0% |
| Trade debts44 | - | €170 | €165 | - | - | - |
| Suppliers440/4 | - | €170 | €165 | - | - | - |
| Taxes, remuneration and social security45 | €6,149 | €7,798 | €4,650 | €2,533 | €3,503 | ▲ 38.3% |
| Taxes450/3 | €6,149 | €7,798 | €4,650 | €2,533 | €3,503 | ▲ 38.3% |
| Other amounts payable47/48 | - | €1,001 | €6,411 | €2,615 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €663 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,174 | €18,121 | €12,426 | €13,605 | €18,318 | ▲ 34.6% |
| + Depreciation and write-downs630 | €2,260 | €1,991 | €1,800 | €3,381 | €3,219 | ▼ 4.8% |
| Operating cash flow (approximation) | €21,433 | €20,112 | €14,226 | €16,987 | €21,538 | ▲ 26.8% |
| Investment in fixed assets (approximation) | - | €0 | -€3,272 | -€17,970 | -€10,575 | ▲ 41.1% |
| Change in cash | - | €17,303 | €3,938 | -€7,075 | €7,910 | ▲ 212% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200,000Eq €210,577 ▲9.5%
8 profitable years in a row build equity to €210,577.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 28.40
Current ratio from 13.65 to 28.40; short-term debt falls from €11,226 to €5,148.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €19,174 ▲29.2%
Operating result €28,352, net result €19,174, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €152,190 ▲10.8%
3 profitable years in a row build equity to €152,190.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 28.26
Current ratio from 12.77 to 28.26; short-term debt falls from €7,142 to €3,700.
Show earlier events
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 1987
Ground area
2,677 m²
Building footprint
218 m²
Volume, LiDAR
1,312 m³
Parcel 11364F0154/00B003, Flanders · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NAVE NV
since 19872.032.333.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11364F0154/00B003 | Flanders | 2,676 m² | 1 · 218 m² | 16.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-12-1987
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432875960
Also
9925:BE0432875960
Registered
06-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.