NAVECO
ActiveSummary
NAVECO has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€23,092) and a net result of €2,024. Equity is growing by ~7.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency-
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
28 d late
2023
28 d late
2022
18 d late
2021
23 d late
2020
27 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 30 days after 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. Usually files around 23 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€23,092▲ 8.1%
2024 · -€25,116
Total assets
€0▼ 100%
2023 · €9,097
Net result
€2,024▲ 15.5%
2024 · €1,752
Working capital
-€24,763▲ 7.0%
2023 · -€26,641
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€2,707▼ 0.4%€2,057▼ 24.0%€1,508▼ 26.7%€1,762▲ 16.8%€2,033▲ 15.4%
Net result€2,707▼ 0.1%€2,037▼ 24.7%€1,508▼ 26.0%€1,752▲ 16.2%€2,024▲ 15.5%
Equity-€30,413▲ 8.2%-€28,376▲ 6.7%-€26,868▲ 5.3%-€25,116▲ 6.5%-€23,092▲ 8.1%
Total assets€8,137▲ 2.5%€8,289▲ 1.9%€9,097▲ 9.7%€0▼ 100%
Debt€38,550▼ 6.1%€36,666▼ 4.9%€35,965▼ 1.9%€25,116▼ 30.2%€23,092▼ 8.1%
Working capital-€30,413▲ 8.2%-€28,261▲ 7.1%-€26,641▲ 5.7%-€24,763▲ 7.0%
Turnover and EBIT margin not published: the abbreviated or 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 15% above 2024.
Key figures and ratios
Debt to equity
-1.00
Debt ≤ 1 year
€14,092▼
2024 · €24,763
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €111 | €115 | €112 | €126 | €0 | ▼ 100% |
| Gross operating margin9900 | €2,818 | €2,172 | €1,620 | €1,888 | €2,033 | ▲ 7.7% |
| Operating profit (loss)9901 | €2,707 | €2,057 | €1,508 | €1,762 | €2,033 | ▲ 15.4% |
| Financial charges65/66B | -€0 | €19 | - | €10 | €9 | ▼ 8.5% |
| Recurring financial charges65 | -€0 | €19 | - | €10 | €9 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €2,707 | €2,037 | €1,508 | €1,752 | €2,024 | ▲ 15.5% |
| Profit (loss) for the period9904 | €2,707 | €2,037 | €1,508 | €1,752 | €2,024 | ▲ 15.5% |
| Profit (loss) for the period to be appropriated9905 | €2,707 | €2,037 | €1,508 | €1,752 | €2,024 | ▲ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,137 | €8,289 | €9,097 | €0 | - | - |
| Current assets29/58 | €8,137 | €8,289 | €9,097 | €0 | - | - |
| Deferred charges and accrued income490/1 | €8,137 | €8,289 | €9,097 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,137 | €8,289 | €9,097 | €0 | - | - |
| Equity10/15 | -€30,413 | -€28,376 | -€26,868 | -€25,116 | -€23,092 | ▲ 8.1% |
| Contributions10/11 | €157,500 | €157,500 | €157,500 | €157,500 | €157,500 | = |
| Capital10 | €157,500 | €157,500 | €157,500 | €157,500 | €157,500 | = |
| Issued capital100 | €157,500 | €157,500 | €157,500 | €157,500 | €157,500 | = |
| Reserves13 | €777 | €777 | €777 | €777 | €777 | = |
| Non-distributable reserves130/1 | €777 | €777 | €777 | €777 | €777 | = |
| Legal reserve130 | €777 | €777 | €777 | €777 | €777 | = |
| Profit (loss) carried forward14 | -€188,690 | -€186,653 | -€185,145 | -€183,393 | -€181,369 | ▲ 1.1% |
| Amounts payable17/49 | €38,550 | €36,666 | €35,965 | €25,116 | €23,092 | ▼ 8.1% |
| Amounts payable within one year42/48 | €38,550 | €36,551 | €35,738 | €24,763 | €14,092 | ▼ 43.1% |
| Trade debts44 | €1,245 | €791 | €2,331 | €1,961 | €3,634 | ▲ 85.3% |
| Suppliers440/4 | €1,245 | €791 | €2,331 | €1,961 | €3,634 | ▲ 85.3% |
| Other amounts payable47/48 | €37,306 | €35,759 | €33,407 | €22,803 | €10,459 | ▼ 54.1% |
| Accrued charges and deferred income492/3 | - | €115 | €227 | €353 | €9,000 | ▲ 2,450% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,707 | €2,037 | €1,508 | €1,752 | €2,024 | ▲ 15.5% |
| Operating cash flow (approximation) | €2,707 | €2,037 | €1,508 | €1,752 | €2,024 | ▲ 15.5% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
13-07
State Gazette act
Reappointments: Charles Rupert Russell-Smith (non-statutory director) and Michael Brocx (non-statutory director)3 facts ▸
State Gazette act
Reappointments: Charles Rupert Russell-Smith (non-statutory director) and Michael Brocx (non-statutory director)
3 facts ▸
- General meeting, 23-04-2026
- Director reappointment, Charles Rupert Russell-Smith (non-statutory director)
- Director reappointment, Michael Brocx (non-statutory director)
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €1,508 ▼26%
Net result drops to €1,508, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Highest result since 2018net €2,730 ▲32.3%
Operating result €2,740, net result €2,730, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Charles Rupert Russell-Smith
CurrentNon-statutory director · since 04-05-2026
Michael Brocx
CurrentNon-statutory director · since 04-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2001
Ground area
328 m²
Building footprint
254 m²
Volume, LiDAR
2,099 m³
Parcel 35384A0028/00Z003, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Torhoutsesteenweg 219, 8400 Oostende
since 20012.018.745.192
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0028/00Z003 | Flanders | 328 m² | 1 · 254 m² | 14.6 m · 4 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.
Mandate history
2 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Charles Rupert Russell-Smith |
|
| Michael Brocx |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded27-03-1981
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
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