NAVARCO
ActiveSummary
NAVARCO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.41M and a net result of €122k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-1
Solvency97▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 3.51 against 2.93 in 2024; short-term debt: 26.9% and cash: 7.1% of total assets), and 28% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
72%
Return on assets
6.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 24-12-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
45 d early
2023
62 d early
2022
62 d early
2021
61 d early
2020
41 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.41M▲ 9.4%
2024 · €1.29M
2019: €922k
2020: €902k
2021: €932k
2022: €1.04M
2023: €1.14M
2024: €1.29M
2019 → 2025
Total assets
€1.96M▼ 1.0%
2024 · €1.98M
2019: €925k
2020: €906k
2021: €963k
2022: €1.27M
2023: €1.72M
2024: €1.98M
2019 → 2025
Net result
€122k▼ 17.5%
2024 · €148k
2019: €3k
2020: €-20k
2021: €30k
2022: €103k
2023: €106k
2024: €148k
2019 → 2025
Working capital
€1.32M▲ 7.3%
2024 · €1.23M
2019: €794k
2020: €811k
2021: €887k
2022: €1.01M
2023: €1.08M
2024: €1.23M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€932k-€1.04M▲ 11.1%€1.14M▲ 10.2%€1.29M▲ 12.9%€1.41M▲ 9.4%
Operating result€42k-€159k▲ 279%€113k▼ 28.9%€225k▲ 99.0%€176k▼ 21.8%
Net result€30k-€103k▲ 242%€106k▲ 2.3%€148k▲ 39.5%€122k▼ 17.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€113k ▲ 1.7%
Current assets
€1.84M ▼ 1.2%
Equity and liabilities €1.96M
Equity
€1.41M ▲ 9.4%
Debt
€547k ▼ 20.6%
Debt's share of the balance-sheet total falls from 34.9% to 28.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€203k▼
2024 · €257k
Cash flow
€149k▼
2024 · €180k
Current ratio
3.51▲
2024 · 2.93
Quick ratio
2.03▲
2024 · 1.41
Debt to equity
0.39▼
2024 · 0.53
ROE
8.6%▼
2024 · 11.4%
ROA
6.2%▼
2024 · 7.5%
Interest coverage
68.77▲
2024 · 62.73
Debt ≤ 1 year
€526k▼
2024 · €637k
Debt > 1 year
€21k▼
2024 · €52k
Income taxes
€58k▼
2024 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.98M€1.96M▼
Fixed assets21/28€111k€113k▲
Tangible fixed assets22/27€111k€113k▲
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€97k€103k▲
Current assets29/58€1.87M€1.84M▼
Stocks and contracts in progress3€968k€778k▼
Stocks30/36€968k€778k▼
Amounts receivable within one year40/41€833k€926k▲
Trade receivables40€833k€558k▼
Other amounts receivable41€0€369k▲
Cash at bank and in hand54/58€64k€139k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.98M€1.96M▼
Equity10/15€1.29M€1.41M▲
Contributions10/11€375k€375k=
Capital10€375k€375k=
Issued capital100€375k€375k=
Reserves13€389k€511k▲
Non-distributable reserves130/1€38k€38k=
Legal reserve130€38k€38k=
Distributable reserves133€352k€473k▲
Profit (loss) carried forward14€524k€524k=
Amounts payable17/49€689k€547k▼
Amounts payable after more than one year17€52k€21k▼
Financial debts170/4€52k€21k▼
Amounts payable within one year42/48€637k€526k▼
Current portion of amounts payable after more than one year42€30k€31k▲
Trade debts44€226k€316k▲
Suppliers440/4€226k€316k▲
Taxes, remuneration and social security45€62k€21k▼
Taxes450/3€62k€21k▼
Other amounts payable47/48€320k€158k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€28k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€259k€206k▼
Operating profit (loss)9901€225k€176k▼
Financial income75/76B€1€7k▲
Recurring financial income75€1€2▲
Non-recurring financial income76B€0€7k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€221k€179k▼
Income taxes67/77€73k€58k▼
Profit (loss) for the period9904€148k€122k▼
Profit (loss) for the period to be appropriated9905€148k€122k▼
Appropriation of the result
Profit (loss) to be appropriated9906€672k€646k▼
Profit (loss) brought forward from the previous period14P€524k€524k▲
Transfer to equity691/2€147k€122k▼
To other reserves6921€147k€122k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2019net €148k ▲39.5%
Operating result €225k, net result €148k, both a record.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Equity above €1MEq €1.04M ▲11.1%
2 profitable years in a row build equity to €1.04M.
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-20k ▼669%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Schilde · 1 establishment unit since 2001
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.
De Zevenster 22970 SchildeGround area
5,897 m²
Building footprint
6,004 m²
Volume, LiDAR
39,180 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bredabaan 27, 2170 Antwerpen
since 20012.098.130.586
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0622/00D006 | Flanders | 3,805 m² | 1 · 5,800 m² | 8.9 m · 2 fl. |
| 11041C0289/00K000 | Flanders | 2,092 m² | 1 · 204 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Ciret Benelux
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ECONEX
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Of 471 companies in sector 46442 we hold annual accounts for 334. 198 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-12-2000
Fiscal year end30-06
Activities, NACEBEL 2025
46442Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.