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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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
64 other companies have their registered office at the same address; threshold 10.
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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 2025
NAVIVAX from Sint-Lambrechts-Woluwe, company number BE0688672779, closed financial year 2025 with a result of € -92,590 after tax. For that financial year NAVIVAX recorded a gross margin of € 28,311 and equity of € -186,152. Compared with financial year 2024, the result moved from € -23,467 to € -92,590. 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 May 21, 2026.
€ -186,152
▼ € 92,590 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -92,590
▼ 295 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,574
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -248,152.
People and assets in 2025
€ 22,961
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.5 million
▲ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 18,062
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,537 | € 26,603 | € 27,943 | € 28,311 | ▲ 1% |
| Profit after taxes | € -8,829 | € -9,144 | € -23,467 | € -92,590 | ▼ € 69,123 |
| Equity | € -60,951 | € -70,095 | € -93,562 | € -186,152 | ▼ € 92,590 |
| Total debts | € 2,503,875 | € 2,507,568 | € 3,140,139 | € 3,489,651 | ▲ 11% |
| Cash | € 7,273 | € 34,987 | € 142,749 | € 6,574 | ▼ 95% |
| Land & buildings | € 2,405,455 | € 2,343,881 | € 2,874,820 | € 3,273,963 | ▲ 14% |
| Retained profit | € -122,951 | € -132,095 | € -155,562 | € -248,152 | ▼ € 92,590 |
| Bank debt | € 0 | € 2,500,000 | € 3,100,000 | € 3,470,000 | ▲ 12% |
| Balance sheet total | € 2,442,924 | € 2,437,473 | € 3,046,577 | € 3,303,498 | ▲ 8% |
Key figures of NAVIVAX, 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 NAVIVAX?
What happened at NAVIVAX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Raymond Vaxelaire stepped down as director. NBB
- Catherine Pirmez stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 92,590. Source: NBB ↗
- Catherine Pirmez became a director. NBB
- New establishment in Sint-Lambrechts-Woluwe. KBO
- Raymond Vaxelaire became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 8,829 loss in 2022 to € 92,590 loss in 2025.
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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
Directors
According to the 2025 annual accounts
Raymond Vaxelaire
Director, Managing director
Also active at: CATALANFIN, KAMICLAR, SERILICO, FREPAR
since 2018 · until 2030
Catherine Pirmez
Director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Vergoteplein 19
1200 Sint-Lambrechts-Woluwe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 64 companies are registered at this address.
All companies at this address →Société d'Etudes, de Gestion et Immobilière
€ -2,638 gross margin · 2025
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€ 3,528 gross margin · 2025
F.B.M. TECHNOLOGY - TIME AND DATA SYSTEMS
€ -714 gross margin · 2025
Société Immobilière du Canal
G.A.B.S.
€ 58,101 gross margin · 2025
+59 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
- 0688.672.779
- VAT number
- BE 0688.672.779
- Registered office
- Vergoteplein 19, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- NAVIVAX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2018
- Peppol
- Not registered