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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
RAETS NAVIGATION from Alken, company number BE0685551557, closed financial year 2024 with a result of € -13,737 after tax. For that financial year RAETS NAVIGATION recorded a gross margin of € 17,098 and equity of € 174,979. Compared with financial year 2023, the result moved from € 2,222 to € -13,737. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on November 30, 2025.
€ 174,979
▼ 7% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,737
▼ still € 2,222 profit in 2023
Profit after tax over the fiscal year.
€ 124,378
▲ 2% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 54,979.
Debts at end 2024
€ 77,378
▼ 21% vs 2023
€ 19,728 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 121
▼ 98% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 2,446
▲ 9% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 105,366 | € 38,251 | € 35,219 | € 17,098 | ▼ 51% |
| Profit after taxes | € 66,732 | € 4,973 | € 2,222 | € -13,737 | ▼ € 15,959 |
| Equity | € 181,522 | € 186,494 | € 188,716 | € 174,979 | ▼ 7% |
| Total debts | € 207,615 | € 187,954 | € 159,887 | € 133,351 | ▼ 17% |
| Cash | € 134,763 | € 126,729 | € 122,220 | € 124,378 | ▲ 2% |
| Retained profit | € 61,522 | € 66,494 | € 68,716 | € 54,979 | ▼ 20% |
| Bank debt | € 135,866 | € 116,718 | € 97,570 | € 77,378 | ▼ 21% |
| Balance sheet total | € 389,136 | € 374,449 | € 348,603 | € 308,331 | ▼ 12% |
Key figures of RAETS NAVIGATION, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to RAETS NAVIGATION?
What happened at RAETS NAVIGATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 13,737 (▼ € 15,959 vs 2023). filed late Source: NBB ↗
- New establishment in Alken. KBO
- Start of the company according to the CBE. KBO
In short
From € 66,732 profit in 2021 to € 13,737 loss in 2024.
Paid € 18,474 in corporate taxes since 2021.
Best year ever: 2021, with € 66,732 profit.
Management
Behind RAETS NAVIGATION is Entelec International NV. Entelec International NV is also behind ENTELEC and ENTELEC CONTROL SYSTEMS.
Directors
According to the 2024 annual accounts
Director · represented by Dirk Raets
Also active at: ENTELEC, ENTELEC CONTROL SYSTEMS
Establishments
Establishment units
Physical locations of this company
Blekkenbergstraat 20
3570 Alken
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0685.551.557
- VAT number
- BE 0685.551.557
- Registered office
- Blekkenbergstraat 20, 3570 Alken
- Names & denominations
- RAETS NAVIGATION · RNAV
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 2017
- Peppol
- Not registered
- Activities · NACE
Niet-gespecialiseerde groothandel
Verhuur en lease van luchtvaartuigen