Financials
- Financial year
- 2025
- Total assets
- €770,886
- Loss
- -€10,134
- Solvency
- 15.5%
Total assets▲ 4.1%
Net result
20182025
Navog
ActiveSummary
The computed 12-month bankruptcy probability of Navog is 4.3% (elevated). The 2025 annual accounts show equity of €119,799 and a net result of -€10,134. Equity is shrinking by about 17% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 23% of 9,348 sector peers (NACE 41, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001
1 site
Size
≈ €320,000turnover 2025, estimated
- Staff
- ≈ 0 FTE, estimated
- Equity
- €119,799
- Loss
- -€10,134
Turnover estimated from the gross margin
Why 46raises riskLiquidity: current ratio 1.16, cash €0, halvedSector: Construction of residential and non-residential buildings (NACE 41)Last filed accounts filed 73 days late; 1 of the last 3 late1 change of registered office in 24 monthsShow the evidence
Checked score
Score 2025
46
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 19% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Weak
Solvency
41-2
equity 15.5% of total assets
Liquidity
3-24
short-term debt 84.5% · cash 0.0%
Profitability
34+18
return on assets -1.3%
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.9%
12-2024: 1.9%● unchanged vs 11-2024
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 2.0%▲ +0.1 percentage points vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.0%● unchanged vs 03-2025
05-2025: 2.4%▲ +0.4 percentage points vs 04-2025
06-2025: 2.3%▼ -0.1 percentage points vs 05-2025
07-2025: 2.5%▲ +0.2 percentage points vs 06-2025
08-2025: 2.9%▲ +0.4 percentage points vs 07-2025
09-2025: 3.6%▲ +0.7 percentage points vs 08-2025
10-2025: 1.8%▼ -1.8 percentage points vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.7%▼ -0.1 percentage points vs 03-2026
05-2026: 1.8%▲ +0.1 percentage points vs 04-2026
06-2026: 1.7%▼ -0.1 percentage points vs 05-2026
07-2026: 0.9%▼ -0.8 percentage points vs 06-2026lowest value
08-2026: 1.2%▲ +0.3 percentage points vs 07-2026
09-2026: 1.3%▲ +0.1 percentage points vs 08-2026
10-2026: 4.3%▲ +3.0 percentage points vs 09-2026highest value
Credit of up to €5,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.16, compared with 1.19 in 2024, below the usual 1.5; short-term debt: 84.5% and cash: 0% of total assets), and 84.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 23% on solvency, 5% on liquidity, 21% on profitability and 27% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€10,134
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9348 sector peers (2025).
NBB · sector comparisonPosition among 9348 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · 2025 accounts filed 73 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-10-2026, 73 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
73 days late
2024
29 days late
2023
30 days late
2022
88 days late
2021
24 days late
2020
8 days early
2019
81 days 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 45 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
- Risk: 4 loss-making years in a rowloss financial year 2025 -€10,134 View
- Positive: Result rose in 2025from -€64,285 to -€10,134 ▲ 84.2% View
- Caution: Among the weakest 14% on net resultsector median €8,514 · 9,338 companies -€10,134 View
- Caution: Latest accounts filed lateafter the legal deadline 73 days View
By topic
Board & ownership
- Board
- 1 member
- Goethals GeertDirector
Timeline
- Events
- 39
- Since
- 1994
- Next accounts
- by 31-07-2027
- 30-08-2024Annual accounts filed
- 10-06-2024Resignation: Goethals Geert (manager)
- 27-10-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 04-05-1992
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 18
- Who signs
- Each director alone
- Annual meeting
- Second Tuesday of May at 17:00
- Purpose
- “De aankoop,invoer en uitvoer,de verwerking,de verkoop in het groot,halfgroot en klein…” (deed in Dutch)
Key facts about Navog
- What is the company number of Navog?
- 0447.331.831. In Belgium the VAT number is the company number with BE in front: BE 0447.331.831.
- Where is Navog based?
- The registered office is at Alfons Biebuycklaan 1, 9050 Gent.Company details
- What does Navog do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Navog?
- Private limited company (BV).
- When was Navog founded?
- On 04-05-1992.
- Is Navog still active?
- Yes, Navog is an active enterprise in the KBO register.
- What is the turnover of Navog?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Navog profitable?
- In financial year 2025, Navog made a loss of €10,134.
- Where can I find the annual accounts of Navog?
- Navog filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Navog due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to Navog
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- ROQUIGNY CONSTRUCTSElsene
- VWBSPelt
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