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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
The national from Sint-Lambrechts-Woluwe, company number BE0647941687, closed financial year 2025 with a result of € -193,589 after tax. For that financial year The national recorded a gross margin of € 833,619 and equity of € -4 million. Compared with financial year 2024, the result moved from € -154,084 to € -193,589. 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 31, 2026.
€ -4 million
▼ € 193,589 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -193,589
▼ 26 % more loss than in 2024
Profit after tax over the fiscal year.
€ 413,320
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4 million.
People and assets in 2025
16.7
▲ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 918,811
▲ 18% vs 2024
€ 55,000 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.
€ 56,733
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 37,786
▼ 56% vs 2024
€ 31,976 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 273,822
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 140,024
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 602,906 | € 889,743 | € 742,655 | € 833,619 | ▲ 12% |
| Profit after taxes | € -219,651 | € -31,497 | € -154,084 | € -193,589 | ▼ € 39,505 |
| Equity | € -3,599,767 | € -3,631,264 | € -3,785,348 | € -3,978,937 | ▼ € 193,589 |
| Total debts | € 5,693,732 | € 6,122,981 | € 6,226,191 | € 6,668,044 | ▲ 7% |
| Cash | € 774,604 | € 1,083,710 | € 1,006,876 | € 413,320 | ▼ 59% |
| Land & buildings | € 39,285 | € 33,769 | € 35,078 | € 48,503 | ▲ 38% |
| Retained profit | € -3,605,967 | € -3,637,464 | € -3,791,548 | € -3,985,137 | ▼ € 193,589 |
| Bank debt | € 123,493 | € 133,446 | € 86,583 | € 37,786 | ▼ 56% |
| Balance sheet total | € 2,093,965 | € 2,491,717 | € 2,440,843 | € 2,689,107 | ▲ 10% |
| Employees (FTE) | 14.3 | 13.4 | 13.4 | 16.7 | ▲ 3.3 |
Key figures of The national, 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 The national?
What happened at The national in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 193,589. filed late Source: NBB ↗
- Petra Noe became a director. NBB
- Catharina Monstrey became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 219,651 loss in 2022 to € 193,589 loss in 2025.
Paid € 2,097 in corporate taxes since 2022.
On average € 49,900 of value added per employee in 2025.
A new publication or filing at The national? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CREST CAPITAL MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
The nationalBehind The national are Petra Noe and Catharina Monstrey. The shares are held by CREST CAPITAL MANAGEMENT (99%).
Directors
According to the 2025 annual accounts
Petra Noe
Director
Also active at: CREST CAPITAL MANAGEMENT, La Héronnière, BCM Holding, TENSOR CAPITAL MANAGEMENT
since 2024
Catharina Monstrey
Director
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brand Whitlocklaan 54
1200 Sint-Lambrechts-Woluwe
du Roy de Blicquylaan 7
1933 Zaventem
Active since 9 February 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →MAGORIUM
€ 1.3 million gross margin · 2025
SFEERBEHEER BELGIE
CREST CAPITAL MANAGEMENT same network
€ 442,165 gross margin · 2025
CERVUS BUSINESS SERVICES
€ 6,219 gross margin · 2025
URBION
€ 601,472 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0647.941.687
- VAT number
- BE 0647.941.687
- Registered office
- Brand Whitlocklaan 54, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- The national
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 2016
- Peppol
- Active · Active since 1 Apr 2026
- Activities · NACE
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