Training Navigation
ActiveSummary
Training Navigation has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €33k and a net result of €12k. Its solvency ranks better than 87% of 37 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency100▲+9
Growth52
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 20.35 against 2.4 in 2025; short-term debt: 4.3% and cash: 64% of total assets), and 4.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 2026Solvency, return and age of the figures
Solvency
95.7%
Return on assets
35.9%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 16-09-2026, 137 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2026
137 d early
2025
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€33k▲ 60.1%
2025 · €21k
Total assets
€35k▲ 9.8%
2025 · €32k
Net result
€12k▼ 32.8%
2025 · €19k
Working capital
€29k▲ 91.4%
2025 · €15k
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
Line20252026
Operating result€26k-€17k▼ 34.9%
Net result€19k-€12k▼ 32.8%
Equity€21k-€33k▲ 60.1%
Total assets€32k-€35k▲ 9.8%
Debt€11k-€2k▼ 86.2%
Working capital€15k-€29k▲ 91.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 35% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €35k
Fixed assets
€4k ▼ 25.6%
Current assets
€31k ▲ 17.3%
Equity and liabilities €35k
Equity
€33k ▲ 60.1%
Debt
€2k ▼ 86.2%
Debt's share of the balance-sheet total falls from 34.4% to 4.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▼
2025 · €27k
Cash flow
€14k▼
2025 · €20k
Current ratio
20.35▲
2025 · 2.40
Debt to equity
0.05▼
2025 · 0.52
ROE
37.6%▼
2025 · 89.5%
ROA
35.9%▼
2025 · 58.7%
Interest coverage
174.19▼
2025 · 255.83
Debt ≤ 1 year
€2k▼
2025 · €11k
Income taxes
€4k▼
2025 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | ▲ 12.6% |
| Other operating charges640/8 | €588 | €712 | ▲ 21.0% |
| Gross operating margin9900 | €28k | €19k | ▼ 31.6% |
| Operating profit (loss)9901 | €26k | €17k | ▼ 34.9% |
| Financial income75/76B | €0 | €0 | ▲ 4,400% |
| Recurring financial income75 | €0 | €0 | ▲ 4,400% |
| Financial charges65/66B | €105 | €104 | ▼ 1.2% |
| Recurring financial charges65 | €105 | €104 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €26k | €17k | ▼ 35.1% |
| Income taxes67/77 | €7k | €4k | ▼ 41.0% |
| Profit (loss) for the period9904 | €19k | €12k | ▼ 32.8% |
| Profit (loss) for the period to be appropriated9905 | €19k | €12k | ▼ 32.8% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €32k | €35k | ▲ 9.8% |
| Fixed assets21/28 | €6k | €4k | ▼ 25.6% |
| Tangible fixed assets22/27 | €6k | €4k | ▼ 25.6% |
| Plant, machinery and equipment23 | €3k | €3k | ▼ 23.8% |
| Furniture and vehicles24 | €2k | €2k | ▼ 28.3% |
| Current assets29/58 | €26k | €31k | ▲ 17.3% |
| Amounts receivable within one year40/41 | €5k | €8k | ▲ 72.4% |
| Trade receivables40 | €5k | €7k | ▲ 49.6% |
| Other amounts receivable41 | €0 | €1k | - |
| Cash at bank and in hand54/58 | €20k | €22k | ▲ 9.2% |
| Deferred charges and accrued income490/1 | €1k | €411 | ▼ 63.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €32k | €35k | ▲ 9.8% |
| Equity10/15 | €21k | €33k | ▲ 60.1% |
| Reserves13 | €21k | €33k | ▲ 60.1% |
| Distributable reserves133 | €21k | €33k | ▲ 60.1% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €11k | €2k | ▼ 86.2% |
| Amounts payable within one year42/48 | €11k | €2k | ▼ 86.2% |
| Trade debts44 | €1k | €605 | ▼ 47.6% |
| Suppliers440/4 | €1k | €605 | ▼ 47.6% |
| Taxes, remuneration and social security45 | €10k | €773 | ▼ 91.9% |
| Taxes450/3 | €10k | €773 | ▼ 91.9% |
| Other amounts payable47/48 | €124 | €124 | = |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €12k | ▼ 32.8% |
| + Depreciation and write-downs630 | €1k | €1k | ▲ 12.6% |
| Operating cash flow (approximation) | €20k | €14k | ▼ 29.9% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €2k | - |
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 2027, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
30-06
Financial
Liquidity times 8current ratio 20.35
Current ratio from 2.40 to 20.35; short-term debt falls from €11k to €2k.
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
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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Directors · office · real estate
Directors
5 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, Tessenderlo-Ham · 1 establishment unit since 2023
Ground area
1.6 ha
Building footprint
6,982 m²
Volume, LiDAR
8,716 m³
2 parcels, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Training Navigation
since 20232.346.807.112
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71046B0809/00R000 | Flanders | 1.2 ha | 1 · 5,348 m² | - |
| 31812Q0239/00D000 | Flanders | 4,014 m² | 1 · 1,634 m² | 6.3 m · 2 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.
Similar companies · same sector, comparable size
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BUNKER
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Of 4,577 companies in sector 82300 we hold annual accounts for 1,672. 1,216 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
Founded01-02-2023
Fiscal year end30-06
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.