NAVISIM
ActiveSummary
NAVISIM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,834 and a net result of €20,505. Equity is growing by ~32% per year across the filed fiscal years. Its solvency ranks better than 61% of 9743 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
What stands out
Overview
0 of 5 deeds readAccounts 13 d earlyTurnover not published (abridged schema)
Why 90- Higher-failure-rate region- Limited track record+ Lower-failure-rate sector+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency90▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.85 against 3.2 in 2024; short-term debt: 35.1% and cash: 89.5% of total assets), and 35.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
64.9%
Return on assets
47.8%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-01-2026, 13 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
13 d early
2024
4 d late
2023
6 d early
2022
on the day
2021
1 d late
2020
5 d early
2019
16 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 on the deadline day; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2019net €22,121 ▲53.6%
Financials
Fiscal year 2025Total assets €42,860Profit €20,505Solvency 64.9%Liquidity 2.85
Total assets
€42,860▲ 7.8%
2019 - 2025
Net result
€20,505▼ 7.3%
2019 - 2025
Equity
€27,834▲ 1.8%
2019 - 2025
Solvency
64.9%▼ 3.8pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,944▼ 35.1%€14,458▲ 267%€18,015▲ 24.6%€28,628▲ 58.9%€26,519▼ 7.4%
Net result€2,827within the sector's middle half▼ 45.0%€11,302within the sector's middle half▲ 300%€14,402within the sector's middle half▲ 27.4%€22,121within the sector's middle half▲ 53.6%€20,505within the sector's middle half▼ 7.3%
Equity€11,884below the sector's middle half▲ 31.2%€21,586below the sector's middle half▲ 81.6%€21,488below the sector's middle half▼ 0.5%€27,329within the sector's middle half▲ 27.2%€27,834within the sector's middle half▲ 1.8%
Total assets€19,327below the sector's middle half▼ 15.8%€43,874below the sector's middle half▲ 127%€33,831below the sector's middle half▼ 22.9%€39,769below the sector's middle half▲ 17.6%€42,860below the sector's middle half▲ 7.8%
Debt€7,443▼ 46.4%€22,288▲ 199%€12,343▼ 44.6%€12,440▲ 0.8%€15,026▲ 20.8%
Working capital€10,887within the sector's middle half▲ 20.2%€21,249within the sector's middle half▲ 95.2%€21,462within the sector's middle half▲ 1.0%€27,329within the sector's middle half▲ 27.3%€27,834within the sector's middle half▲ 1.8%
Solvency61.5%within the sector's middle half▲ 22.0pp49.2%within the sector's middle half▼ 12.3pp63.5%within the sector's middle half▲ 14.3pp68.7%within the sector's middle half▲ 5.2pp64.9%within the sector's middle half▼ 3.8pp
Current ratio2.46within the sector's middle half▲ 0.811.95within the sector's middle half▼ 0.512.74within the sector's middle half▲ 0.793.20within the sector's middle half▲ 0.462.85within the sector's middle half▼ 0.34
Return on assets (ROA)14.6%within the sector's middle half▼ 7.8pp25.8%above the sector's middle half▲ 11.1pp42.6%above the sector's middle half▲ 16.8pp55.6%above the sector's middle half▲ 13.1pp47.8%above the sector's middle half▼ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €42,860
Equity
€27,834 ▲ 1.8%
Debt
€15,026 ▲ 20.8%
Debt's share of the balance-sheet total rises from 31.3% to 35.1%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
Debt to equity
0.54▲
2024 · 0.46
ROE
73.7%▼
2024 · 80.9%
Debt ≤ 1 year
€15,026▲
2024 · €12,440
Income taxes
€5,961▼
2024 · €6,939
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 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% | 1.8% |
| 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 26,975 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €341 | €311 | €311 | €26 | - | - |
| Other operating charges640/8 | - | €405 | €415 | €801 | €634 | ▼ 20.9% |
| Non-recurring operating charges66A | - | €199 | - | - | - | - |
| Gross operating margin9900 | €4,704 | €15,372 | €18,741 | €29,456 | €27,153 | ▼ 7.8% |
| Operating profit (loss)9901 | €3,944 | €14,458 | €18,015 | €28,628 | €26,519 | ▼ 7.4% |
| Financial income75/76B | - | - | €355 | €466 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | - | €355 | €466 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €19 | €34 | €52 | ▲ 54.5% |
| Recurring financial charges65 | - | - | €19 | €34 | €52 | ▲ 54.5% |
| Profit (loss) for the period before taxes9903 | €3,944 | €14,458 | €18,351 | €29,060 | €26,467 | ▼ 8.9% |
| Income taxes67/77 | €1,117 | €3,156 | €3,950 | €6,939 | €5,961 | ▼ 14.1% |
| Profit (loss) for the period9904 | €2,827 | €11,302 | €14,402 | €22,121 | €20,505 | ▼ 7.3% |
| Profit (loss) for the period to be appropriated9905 | €2,827 | €11,302 | €14,402 | €22,121 | €20,505 | ▼ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,327 | €43,874 | €33,831 | €39,769 | €42,860 | ▲ 7.8% |
| Fixed assets21/28 | €997 | €337 | €26 | €0 | - | - |
| Tangible fixed assets22/27 | €997 | €337 | €26 | €0 | - | - |
| Furniture and vehicles24 | - | €337 | €26 | €0 | - | - |
| Current assets29/58 | €18,330 | €43,537 | €33,805 | €39,769 | €42,860 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €1,613 | €21,413 | €10,414 | €16,329 | €4,485 | ▼ 72.5% |
| Trade receivables40 | - | €1,210 | €2,118 | €9,075 | €2,118 | ▼ 76.7% |
| Other amounts receivable41 | - | €20,203 | €8,297 | €7,254 | €2,368 | ▼ 67.4% |
| Cash at bank and in hand54/58 | €16,717 | €22,124 | €23,391 | €23,440 | €38,375 | ▲ 63.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,327 | €43,874 | €33,831 | €39,769 | €42,860 | ▲ 7.8% |
| Equity10/15 | €11,884 | €21,586 | €21,488 | €27,329 | €27,834 | ▲ 1.8% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,800 | €2,800 | €2,800 | €8,720 | €8,720 | = |
| Distributable reserves133 | - | €2,800 | €2,800 | €8,720 | €8,720 | = |
| Profit (loss) carried forward14 | €2,884 | €186 | €88 | €9 | €514 | ▲ 5,747% |
| Amounts payable17/49 | €7,443 | €22,288 | €12,343 | €12,440 | €15,026 | ▲ 20.8% |
| Amounts payable within one year42/48 | €7,443 | €22,288 | €12,343 | €12,440 | €15,026 | ▲ 20.8% |
| Trade debts44 | €33 | €57 | - | €411 | €1,394 | ▲ 239% |
| Suppliers440/4 | - | €57 | - | €411 | €1,394 | ▲ 239% |
| Taxes, remuneration and social security45 | - | €9,923 | €12,343 | €12,029 | €13,632 | ▲ 13.3% |
| Taxes450/3 | - | €9,513 | €10,493 | €11,179 | €13,632 | ▲ 21.9% |
| Remuneration and social security454/9 | - | €410 | €1,850 | €850 | - | - |
| Other amounts payable47/48 | - | €12,308 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,827 | €11,302 | €14,402 | €22,121 | €20,505 | ▼ 7.3% |
| + Depreciation and write-downs630 | €341 | €311 | €311 | €26 | - | - |
| Operating cash flow (approximation) | €3,168 | €11,613 | €14,713 | €22,147 | €20,505 | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | €349 | €0 | €0 | - | - |
| Change in cash | - | €5,407 | €1,267 | €49 | €14,935 | ▲ 30,249% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
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ATLR Engineering
BE 0742.924.087
Nivelles · Eq €27,807
Airy
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Houthalen-Helchteren · Eq €27,896
TECHNOX TT
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Waterloo · Eq €27,902
Of 11,567 companies in this sector we hold annual accounts for 6,567. 4,401 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
9 eventsLatest 18-01-2026Next filing 31-01-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Highest result since 2019net €22,121 ▲53.6%
Operating result €28,628, net result €22,121, both a record.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €5,139
Net result €5,139 after one loss-making year.
16-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Company details
Private limited company · founded 17-01-2018Year ends 30-06Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded17-01-2018
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
28110Manufacture of machinery and equipment not elsewhere classified
28130Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
43240Other construction installation
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0688545491
Also
9925:BE0688545491
Registered
28-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Assesse · 1 establishment unit since 2018
Ground area
2,551 m²
Building footprint
935 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NAVISIM
since 2018unit no. 2.272.669.616
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92006B0220/00P004 | Wallonia | 2,087 m² | 1 · 770 m² | - |
| 91120A0619/00S000 | Wallonia | 464 m² | 1 · 165 m² | - |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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