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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7.7 to 5.4.
Financials
Financial year 2025
NAERT - DEFREYNE from Ingelmunster, company number BE0462926461, closed financial year 2025 with a result of € -435,222 after tax. For that financial year NAERT - DEFREYNE recorded a gross margin of € 157,368 and equity of € 5,787. Compared with financial year 2024, the result moved from € -330,356 to € -435,222. The company made a loss. The buffer shrank hard: equity is 99 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 5,787
▼ 99% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -435,222
▼ 32 % more loss than in 2024
Profit after tax over the fiscal year.
€ 86,460
▲ € 83,416 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -424,003.
People and assets in 2025
5.4
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 346,338
▲ 7% vs 2024
€ 64,100 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.
€ 12,822
▼ 81% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 315,068
▼ 6% vs 2024
€ 25,437 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 400,476
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,855
▲ 66% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 685,867 | € 333,032 | € 73,056 | € 157,368 | ▲ 115% |
| Profit after taxes | € 123,778 | € -196,638 | € -330,356 | € -435,222 | ▼ € 104,866 |
| Equity | € 968,004 | € 771,365 | € 441,009 | € 5,787 | ▼ 99% |
| Total debts | € 917,604 | € 1,004,554 | € 827,366 | € 784,095 | ▼ 5% |
| Cash | € 324,498 | € 27,780 | € 3,044 | € 86,460 | ▲ € 83,416 |
| Land & buildings | € 328,011 | € 308,185 | € 288,358 | € 276,722 | ▼ 4% |
| Retained profit | € 538,214 | € 341,576 | € 11,220 | € -424,003 | ▼ € 435,222 |
| Dividend | € 50,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 402,041 | € 381,596 | € 335,456 | € 315,068 | ▼ 6% |
| Balance sheet total | € 1,885,608 | € 1,775,920 | € 1,268,375 | € 789,881 | ▼ 38% |
| Employees (FTE) | 7.6 | 7.7 | 7 | 5.4 | ▼ 1.6 |
Key figures of NAERT - DEFREYNE, 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 NAERT - DEFREYNE?
What happened at NAERT - DEFREYNE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 435,222. filed late Source: NBB ↗
- GI-INVEST BV became a director. NBB
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 123,778 profit in 2022 to € 435,222 loss in 2025.
Paid € 28,267 in corporate taxes since 2022.
Best year ever: 2022, with € 123,778 profit.
On average € 29,100 of value added per employee in 2025.
Management
Behind NAERT - DEFREYNE is GI-INVEST BV. GI-INVEST BV is also behind Building 4 and Terra 4.
Directors
According to the 2025 annual accounts
since 2014
Establishments
Establishment units
Physical locations of this company
Schoolstraat 17
8770 Ingelmunster
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.926.461
- VAT number
- BE 0462.926.461
- Registered office
- Schoolstraat 17, 8770 Ingelmunster
- Names & denominations
- NAERT - DEFREYNE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 March 1998
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Overige gespecialiseerde bouwwerkzaamheden