Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
Financials
Financial year 2025
NAQI BELGIUM from Brussel, company number BE0447225626, closed financial year 2025 with a result of € -15,973 after tax. For that financial year NAQI BELGIUM recorded a gross margin of € 107,930 and equity of € -13,052. Compared with financial year 2024, the result moved from € 43,426 to € -15,973. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.
€ -13,052
▼ € 15,973 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,973
▼ still € 43,426 profit in 2024
Profit after tax over the fiscal year.
€ 22,461
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -75,052.
People and assets in 2025
2
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 97,290
▼ 58% vs 2024
€ 48,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 21,349
▼ 21% vs 2024
Of which on lease € 21,187.
Debts at end 2025
€ 247,143
▼ 1% vs 2024
€ 5,359 is repaid this year. At this pace the long-term loan is gone in ≈ 46 years.
€ 121,250
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 52,268
▼ 36% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 222,499 | € 207,966 | € 300,151 | € 107,930 | ▼ 64% |
| Profit after taxes | € -5,740 | € -30,504 | € 43,426 | € -15,973 | ▼ € 59,399 |
| Equity | € -10,001 | € -40,505 | € 2,921 | € -13,052 | ▼ € 15,973 |
| Total debts | € 460,298 | € 467,409 | € 492,809 | € 422,816 | ▼ 14% |
| Cash | € 13,397 | € 17,618 | € 18,150 | € 22,461 | ▲ 24% |
| Retained profit | € -72,001 | € -102,505 | € -59,079 | € -75,052 | ▼ € 15,973 |
| Bank debt | € 316,816 | € 296,180 | € 250,648 | € 247,143 | ▼ 1% |
| Balance sheet total | € 450,297 | € 426,905 | € 495,730 | € 409,764 | ▼ 17% |
| Employees (FTE) | 2.7 | 3 | 3.8 | 2 | ▼ 1.8 |
Key figures of NAQI BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to NAQI BELGIUM?
What happened at NAQI BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nik Geyskens stepped down as director. NBB
- Business and Consulting Geyskens BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 15,973 (▼ € 59,399 vs 2024). filed late Source: NBB ↗
- Nik Geyskens became a director. NBB
- Business and Consulting Geyskens BV became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,740 loss in 2022 to € 15,973 loss in 2025.
Paid € 9,920 in corporate taxes since 2022.
Best year ever: 2024, with € 43,426 profit.
On average € 54,000 of value added per employee in 2025.
Management
The stake of Business and Consulting Geyskens, NAQI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NAQI BELGIUMThe shares are held by Business and Consulting Geyskens (73.2%) and NAQI (26.8%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Business and Consulting Geyskens BV
Managing director · represented by Katrien Geyskens
since 2023 · until 2029
Shareholders
26.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 231
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.225.626
- VAT number
- BE 0447.225.626
- Registered office
- Louizalaan 231, 1050 Brussel
- Names & denominations
- NAQI BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 1992
- Peppol
- Active · Active since 22 Jul 2025
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