Navi-Gate
ActiveSummary
Navi-Gate has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €255,558 and a net result of -€48,903. Equity is growing by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-32
Solvency53▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.31 in 2024; short-term debt: 58.7% and cash: 27.6% of total assets), and 72% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
13 d early
2022
5 d early
2021
1 d early
2020
58 d early
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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 30 July (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, micro schema
Equity
€255,558▼ 16.1%
2024 · €304,461
Total assets
€911,458▼ 7.2%
2024 · €982,418
Net result
-€48,903
2024 · €84,497
Working capital
€227,723▲ 24.7%
2024 · €182,623
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,500€257,713▲ 443%€25,647▼ 90.0%€156,149▲ 509%-€23,263
Net result€31,251within the sector's middle half€168,016above the sector's middle half▲ 438%€5,511within the sector's middle half▼ 96.7%€84,497above the sector's middle half▲ 1,433%-€48,903below the sector's middle half
Equity€46,437within the sector's middle half▲ 206%€214,453within the sector's middle half▲ 362%€219,964within the sector's middle half▲ 2.6%€304,461above the sector's middle half▲ 38.4%€255,558above the sector's middle half▼ 16.1%
Total assets€335,304within the sector's middle half▲ 404%€579,355above the sector's middle half▲ 72.8%€718,341above the sector's middle half▲ 24.0%€982,418above the sector's middle half▲ 36.8%€911,458above the sector's middle half▼ 7.2%
Debt€288,868▲ 463%€364,902▲ 26.3%€498,377▲ 36.6%€677,957▲ 36.0%€655,900▼ 3.3%
Working capital-€2,036below the sector's middle half▲ 81.0%€156,278above the sector's middle half€163,851above the sector's middle half▲ 4.8%€182,623above the sector's middle half▲ 11.5%€227,723above the sector's middle half▲ 24.7%
Solvency13.8%below the sector's middle half▼ 9.0pp37.0%within the sector's middle half▲ 23.2pp30.6%within the sector's middle half▼ 6.4pp31.0%within the sector's middle half▲ 0.4pp28.0%within the sector's middle half▼ 3.0pp
Current ratio0.99below the sector's middle half▲ 0.211.51within the sector's middle half▲ 0.521.35within the sector's middle half▼ 0.151.31within the sector's middle half▼ 0.051.43within the sector's middle half▲ 0.12
Return on assets (ROA)9.3%within the sector's middle half▲ 33.3pp29.0%above the sector's middle half▲ 19.7pp0.8%below the sector's middle half▼ 28.2pp8.6%within the sector's middle half▲ 7.8pp-5.4%below the sector's middle half▼ 14.0pp
Staff (FTE)0.41.9▲ 375%2.3▲ 21.1%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23,263 after €156,149 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €911,458
Fixed assets
€148,925 ▼ 28.2%
Current assets
€762,533 ▼ 1.6%
Equity and liabilities €911,458
Equity
€255,558 ▼ 16.1%
Debt
€655,900 ▼ 3.3%
Debt's share of the balance-sheet total rises from 69.0% to 72.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36,789▼
2024 · €210,692
Cash flow
€11,149▼
2024 · €139,041
Debt to equity
2.57▲
2024 · 2.23
ROE
-19.1%▼
2024 · 27.8%
Interest coverage
0.79▼
2024 · 2.63
Debt ≤ 1 year
€534,811▼
2024 · €592,354
Debt > 1 year
€44,644▼
2024 · €80,065
Income taxes
€1,226▼
2024 · €42,163
Staff costs
€179,411▲
2024 · €132,737
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,165 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €577 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €27,611 | €132,737 | €179,411 | ▲ 35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,507 | €27,101 | €28,235 | €54,544 | €60,051 | ▲ 10.1% |
| Other operating charges640/8 | €1,021 | €1,524 | €2,715 | €19,798 | €3,278 | ▼ 83.4% |
| Non-recurring operating charges66A | €718 | - | - | - | - | - |
| Gross operating margin9900 | €58,746 | €286,338 | €84,208 | €363,227 | €219,477 | ▼ 39.6% |
| Operating profit (loss)9901 | €47,500 | €257,713 | €25,647 | €156,149 | -€23,263 | ▼ 115% |
| Financial income75/76B | €3,070 | €24,089 | €8,046 | €50,745 | €22,011 | ▼ 56.6% |
| Recurring financial income75 | €3,070 | €24,089 | €8,046 | €50,745 | €22,011 | ▼ 56.6% |
| Financial charges65/66B | €4,473 | €29,029 | €21,700 | €80,234 | €46,425 | ▼ 42.1% |
| Recurring financial charges65 | €4,473 | €29,029 | €21,700 | €80,234 | €46,425 | ▼ 42.1% |
| Profit (loss) for the period before taxes9903 | €46,097 | €252,773 | €11,993 | €126,659 | -€47,677 | ▼ 138% |
| Income taxes67/77 | €14,846 | €84,757 | €6,482 | €42,163 | €1,226 | ▼ 97.1% |
| Profit (loss) for the period9904 | €31,251 | €168,016 | €5,511 | €84,497 | -€48,903 | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | €31,251 | €168,016 | €5,511 | €84,497 | -€48,903 | ▼ 158% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €335,304 | €579,355 | €718,341 | €982,418 | €911,458 | ▼ 7.2% |
| Fixed assets21/28 | €111,628 | €115,517 | €91,719 | €207,440 | €148,925 | ▼ 28.2% |
| Tangible fixed assets22/27 | €110,298 | €114,187 | €90,389 | €206,110 | €147,595 | ▼ 28.4% |
| Plant, machinery and equipment23 | €2,826 | €4,493 | €3,731 | €5,246 | €4,475 | ▼ 14.7% |
| Furniture and vehicles24 | €86,122 | €84,775 | €66,388 | €147,954 | €100,458 | ▼ 32.1% |
| Other tangible fixed assets26 | €21,350 | €24,919 | €20,271 | €52,910 | €42,661 | ▼ 19.4% |
| Financial fixed assets28 | €1,330 | €1,330 | €1,330 | €1,330 | €1,330 | = |
| Current assets29/58 | €223,676 | €463,838 | €626,622 | €774,977 | €762,533 | ▼ 1.6% |
| Amounts receivable after more than one year29 | - | - | €30,000 | €100,000 | €70,000 | ▼ 30.0% |
| Other amounts receivable291 | - | - | €30,000 | €100,000 | €70,000 | ▼ 30.0% |
| Stocks and contracts in progress3 | €804 | - | - | - | - | - |
| Stocks30/36 | €804 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €121,131 | €248,724 | €381,850 | €506,003 | €284,559 | ▼ 43.8% |
| Trade receivables40 | €116,051 | €216,607 | €372,853 | €437,851 | €227,109 | ▼ 48.1% |
| Other amounts receivable41 | €5,081 | €32,117 | €8,997 | €68,152 | €57,450 | ▼ 15.7% |
| Current investments50/53 | - | - | €6,000 | €6,000 | €5,000 | ▼ 16.7% |
| Cash at bank and in hand54/58 | €90,276 | €197,536 | €163,007 | €155,151 | €251,811 | ▲ 62.3% |
| Deferred charges and accrued income490/1 | €11,465 | €17,577 | €45,765 | €7,823 | €151,163 | ▲ 1,832% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €335,304 | €579,355 | €718,341 | €982,418 | €911,458 | ▼ 7.2% |
| Equity10/15 | €46,437 | €214,453 | €219,964 | €304,461 | €255,558 | ▼ 16.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €27,837 | €195,853 | €201,364 | €285,861 | €285,861 | = |
| Distributable reserves133 | €27,837 | €195,853 | €201,364 | €285,861 | €285,861 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€48,903 | - |
| Amounts payable17/49 | €288,868 | €364,902 | €498,377 | €677,957 | €655,900 | ▼ 3.3% |
| Amounts payable after more than one year17 | €63,155 | €57,264 | €35,547 | €80,065 | €44,644 | ▼ 44.2% |
| Financial debts170/4 | €63,155 | €57,264 | €35,547 | €80,065 | €44,644 | ▼ 44.2% |
| Amounts payable within one year42/48 | €225,713 | €307,560 | €462,770 | €592,354 | €534,811 | ▼ 9.7% |
| Current portion of amounts payable after more than one year42 | €91,845 | €122,603 | €201,659 | €43,022 | €38,446 | ▼ 10.6% |
| Financial debts43 | €8,347 | €16,719 | - | €393,750 | €125,000 | ▼ 68.3% |
| Credit institutions430/8 | €8,347 | €16,719 | - | €393,750 | €125,000 | ▼ 68.3% |
| Trade debts44 | €117,021 | €139,339 | €220,644 | €117,262 | €213,085 | ▲ 81.7% |
| Suppliers440/4 | €117,021 | €139,339 | €220,644 | €117,262 | €213,085 | ▲ 81.7% |
| Advances received on contracts in progress46 | €211 | €211 | €211 | - | - | - |
| Taxes, remuneration and social security45 | €8,289 | €27,718 | €39,549 | €37,878 | €24,634 | ▼ 35.0% |
| Taxes450/3 | €8,289 | €27,718 | €32,566 | €6,339 | €14,598 | ▲ 130% |
| Remuneration and social security454/9 | - | - | €6,983 | €31,539 | €10,036 | ▼ 68.2% |
| Other amounts payable47/48 | - | €969 | €708 | €443 | €133,645 | ▲ 30,079% |
| Accrued charges and deferred income492/3 | - | €78 | €59 | €5,537 | €76,445 | ▲ 1,281% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,251 | €168,016 | €5,511 | €84,497 | -€48,903 | ▼ 158% |
| + Depreciation and write-downs630 | €9,507 | €27,101 | €28,235 | €54,544 | €60,051 | ▲ 10.1% |
| Operating cash flow (approximation) | €40,758 | €195,117 | €33,746 | €139,041 | €11,149 | ▼ 92.0% |
| Investment in fixed assets (approximation) | - | -€30,990 | -€4,437 | -€170,265 | -€1,536 | ▲ 99.1% |
| Change in cash | - | €107,260 | -€34,530 | -€7,856 | €96,660 | ▲ 1,330% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
29-06
State Gazette act
Resignation: Cynthia Vermoesen (director)2 facts ▸
State Gazette act
Resignation: Cynthia Vermoesen (director)
2 facts ▸
- General meeting, 10-02-2026
- Director resignation, Cynthia Vermoesen (director)
2025
31-12
Financial
Weakest financial yearnet -€48,903
Net result drops to -€48,903, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €168,016 ▲438%
Operating result €257,713, net result €168,016, both a record.
31-12
Financial
Equity above €200,000Eq €214,453 ▲362%
2 profitable years in a row build equity to €214,453.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €31,251
Net result €31,251 after 2 loss-making years.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
Show earlier events
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
7 of this company's 8 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, Kapellen · 2 establishment units since 2012
Ground area
7.7 ha
Building footprint
3.1 ha
Volume, LiDAR
1,164 m³
2 parcels, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Navi-Gate
since 20122.207.539.064
Kiwiweg 80, 8380 Brugge
since 20222.339.033.353
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812P0564/00K000 | Flanders | 7.3 ha | 1 · 3.0 ha | - |
| 11023K0007/00V021 | Flanders | 4,656 m² | 1 · 294 m² | 8.8 m · 1 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Cynthia Vermoesen |
|
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 2,356 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
Founded26-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
70100Activities of head offices
47761Retail sale of flowers, plants, seeds and fertilisers
50200Water transport
50400Inland freight water transport
77229Renting and leasing of other personal and household goods
77400Rental and leasing activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843167649
Also
9925:BE0843167649
Registered
12-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.