NAVA Projects · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NAVA Projects is 2.3% (moderate). The 2024 annual accounts show equity of €207k and a net result of €56k. Equity is growing by ~46.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 992 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	29-08-2025	29 d late	2025-00445301
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00411109
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00392247
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20366824

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.3% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€56k-14.8%

Working capital€89k+33.8%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~46.8%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	38.1%	35.4%	better than 54% of 992 sector peers
Net result	€56k	€30k	better than 63% of 991 sector peers
Equity	€207k	€121k	better than 61% of 992 sector peers
Gross operating margin	€77k	€172k	better than 36% of 991 sector peers
Staff costs	€399	€194k	higher than 5% of 619 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P54

Improving position over 2021-2024 · n=556-992

Net result P63

Stable position over 2021-2024 · n=554-991

Equity P61

Improving position over 2021-2024 · n=556-992

Gross operating margin P36

Stable position over 2021-2024 · n=555-991

Describes the position versus peers, not a forecast.

EBITDA

€76k

-44.0% 21-24

Net profit

€56k

-14.8% 21-24

Cash flow

€89k

-35.2% 21-24

Total assets

€542k

+74.1% 21-24

Equity

€207k

+37.3% 21-24

Working capital

€89k

+33.8% 21-24

Staff costs

€399

+71.0% 21-24

Income taxes

€14k

-13.2% 21-24

Debt

€335k

+108.7% 21-24

Debt ≤ 1y

€317k

+199.1% 21-24

Debt > 1y

€18k

-66.4% 21-24

Current ratio

1.28

-21.3% 21-24

Quick ratio

1.19

-23.1% 21-24

Solvency

38.1%

-21.2% 21-24

Debt / equity

1.62

+52.0% 21-24

ROE

27.2%

-38.0% 21-24

ROA

10.4%

-51.1% 21-24

Interest coverage

39.68

-44.8% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€76k
Net profit	€56k
Cash flow	€89k
Staff costs	€399
Income taxes	€14k
Dividends	-
Total assets	€542k
Equity	€207k
Debt	€335k
of which ≤ 1y	€317k
of which > 1y	€18k
Working capital	€89k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.28
Quick ratio	1.19
Working capital ratio	16.4%
Solvency	38.1%
Debt / equity	1.62
Long-term debt ratio	0.09
Interest coverage	39.68
Gross margin	-
Net margin	-
ROA	10.4%
ROE	27.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €136k · 25.2% Current assets €406k · 74.8%

Equity & liabilities

Equity €207k · 38.1% Debt €335k · 61.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€542k
Fixed assets	21/28	€136k
Intangible fixed assets	21	€70k
Tangible fixed assets	22/27	€28k
Financial fixed assets	28	€38k
Current assets	29/58	€406k
Stocks & contracts in progress	3	€29k
Amounts receivable within one year	40/41	€308k
Cash & bank	54/58	€69k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€542k
Equity	10/15	€207k
Contributions / capital	10/11	€5k
Reserves	13	€202k
Amounts payable	17/49	€335k
Amounts payable after one year	17	€18k
Amounts payable within one year	42/48	€317k
Trade debts payable within one year	44	€249k
Income statement
Gross operating margin	9900	€77k
Operating result	9901	€43k
Financial income	75	€29k
Financial charges	65	€2k
Result before taxes	9903	€70k
Income taxes	67/77	€14k
Net result for the period	9904	€56k
Result to be appropriated	9905	€56k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

81 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Former directors (1)

Depauw Gert
Director
State Gazette act 24038355 (04-03-2024)

Former
- → 30-06-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Schrijnwerk(43320)
Legal form	Private limited company(610)
Incorporation	02-04-2021
Status	Active
Postal code	9255

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

doehetzelfkeukens.be

Diepmeerstraat 51, 9255 BuggenhoutZagen en schaven van hout

since 20212.319.627.118

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area320 m²

Buildings1

Building footprint149 m²

Volume (LiDAR)807 m³

Tallest building9.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42004A0740/00W000	Flanders	320 m²	1 · 149 m²	9.9 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2024

04-03-2024 Depauw Gert resigns as director Director changes

Depauw Gert, Bestuurder

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 81

Profitability 100

Solvency 65

Growth 78

Stability 94

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