NAVYLYS
ActiveNAVYLYS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €114k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 276 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-30
Solvency40▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.27 in 2023; short-term debt: 61.3% and cash: 12.7% of total assets), and 84.5% of the assets are financed with debt.
Credit advice for your own amount and term
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 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €114k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
21 d late
2022
8 d late
2021
20 d early
2020
61 d late
2019
151 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€114k▲ 7.0%
2023 · €106k
2018: €25k
2019: €31k
2020: €-5k
2021: €10k
2022: €27k
2023: €106k
2018 → 2024
Total assets
€736k▲ 43.1%
2023 · €514k
2018: €325k
2019: €283k
2020: €240k
2021: €269k
2022: €328k
2023: €514k
2018 → 2024
Net result
€15k▼ 56.9%
2023 · €35k
2018: €7k
2019: €5k
2020: €-36k
2021: €15k
2022: €18k
2023: €35k
2018 → 2024
Working capital
€147k▲ 71.1%
2023 · €86k
2018: €2k
2019: €-23k
2020: €2k
2021: €11k
2022: €36k
2023: €86k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-5k-€10k€27k▲ 184%€106k▲ 293%€114k▲ 7.0%
Operating result€-31k-€19k€29k▲ 51.3%€64k▲ 122%€49k▼ 24.3%
Net result€-36k-€15k€18k▲ 17.6%€35k▲ 97.4%€15k▼ 56.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €736k
Fixed assets
€138k▲ 26.1%
Current assets
€598k▲ 47.7%
Equity and liabilities €736k
Equity
€114k▲ 7.0%
Debt
€622k▲ 52.5%
The debt ratio rises from 79.3% to 84.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€87k▲
2023 · €87k
Cash flow
€53k▼
2023 · €57k
Solvency
15.5%▼
2023 · 20.7%
Current ratio
1.33▲
2023 · 1.27
Quick ratio
0.76▲
2023 · 0.68
Debt / equity
5.46▲
2023 · 3.83
ROE
13.1%▼
2023 · 32.6%
ROA
2.0%▼
2023 · 6.7%
Interest coverage
2.54▼
2023 · 5.35
Debt
€622k▲
2023 · €408k
Debt ≤ 1 year
€451k▲
2023 · €319k
Debt > 1 year
€168k▲
2023 · €89k
Income taxes
€7k▼
2023 · €15k
Staff costs
€13k▲
2023 · €-81
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€514k€736k▲
Fixed assets21/28€109k€138k▲
Intangible fixed assets21€107k€124k▲
Tangible fixed assets22/27€2k€14k▲
Plant, machinery and equipment23-€11k
Furniture and vehicles24€2k€3k▲
Current assets29/58€405k€598k▲
Stocks and contracts in progress3€188k€254k▲
Stocks30/36€188k€254k▲
Amounts receivable within one year40/41€181k€241k▲
Trade receivables40€128k€220k▲
Other amounts receivable41€53k€21k▼
Cash at bank and in hand54/58€32k€94k▲
Deferred charges and accrued income490/1€4k€10k▲
Equity and liabilities
Total equity and liabilities10/49€514k€736k▲
Equity10/15€106k€114k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€41k€56k▲
Investment grants15€45k€37k▼
Amounts payable17/49€408k€622k▲
Amounts payable after more than one year17€89k€168k▲
Financial debts170/4€39k€118k▲
Other amounts payable178/9€50k€50k=
Amounts payable within one year42/48€319k€451k▲
Current portion of amounts payable after more than one year42€134k€159k▲
Financial debts43€1k€2k▲
Credit institutions430/8€1k€2k▲
Trade debts44€107k€167k▲
Suppliers440/4€107k€167k▲
Taxes, remuneration and social security45€40k€34k▼
Taxes450/3€40k€32k▼
Remuneration and social security454/9€0€2k▲
Other amounts payable47/48€37k€88k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20232024
Non-recurring operating income76A€208€0▼
Remuneration, social security and pensions62€-81€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€38k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€8k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€198€20▼
Gross operating margin9900€92k€110k▲
Operating profit (loss)9901€64k€49k▼
Financial income75/76B€1k€7k▲
Recurring financial income75€1k€7k▲
Financial charges65/66B€16k€34k▲
Recurring financial charges65€16k€34k▲
Profit (loss) for the period before taxes9903€50k€22k▼
Income taxes67/77€15k€7k▼
Profit (loss) for the period9904€35k€15k▼
Profit (loss) for the period to be appropriated9905€35k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€56k▲
Profit (loss) brought forward from the previous period14P€7k€41k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Highest result since 2018net €35k ▲97.4%
Operating result €64k, net result €35k, both a record.
31-12
Financial
Equity above €100kEq €106k ▲293%
3 profitable years in a row build equity to €106k.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-36k ▼756%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 151 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Watermaal-Bosvoorde · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Terhulpsesteenweg 1851170 Watermaal-BosvoordeGround area
7,608 m²
Building footprint
1,019 m²
Volume, LiDAR
29,191 m³
Parcel 21652E0042/00H002, Brussels · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
NAVYLYS
since 20172.267.606.117
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0042/00H002 | Brussels | 7,608 m² | 1 · 1,019 m² | 35.8 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
894500GABNGB27H6KV18
Similar companies · same sector, comparable size
MÉRAUD
BE 0802.802.187
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AW JUWELEN
BE 0843.496.162
Oudsbergen · Eq €153k
SARTON 1748
BE 0644.548.766
Trooz · Eq €75k
DVR WATCHES
BE 1003.706.807
Lasne · Eq €66k
Beiaarden en Torenuurwerken Michiels
BE 0443.556.947
Mechelen · Eq €201k
Of 63 companies in sector 26520 we hold annual accounts for 32. 19 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2017
Fiscal year end31-12
Activities, NACEBEL
26520Manufacture of computer, electronic and optical products
47770Retail sale of watches and jewellery
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.