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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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NATOVI from Knokke-Heist, company number BE0778767369, closed financial year 2025 with a result of € 23,062 after tax. For that financial year NATOVI recorded a gross margin of € 58,865 and equity of € 35,778. Compared with financial year 2024, the result moved from € 10,778 to € 23,062. Profitable, and profit is growing. The buffer shrank hard: equity is 56 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 2, 2026.
€ 35,778
▼ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,062
▲ 114% vs 2024
Profit after tax over the fiscal year.
€ 59,492
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 69,040 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 6,970
▲ 24% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 589
▼ 86% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 65,424
▼ 19% vs 2024
€ 15,703 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 4,109
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 779
▼ 85% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 61,572 | € 51,277 | € 44,050 | € 58,865 | ▲ 34% |
| Profit after taxes | € 28,743 | € 17,236 | € 10,778 | € 23,062 | ▲ 114% |
| Equity | € 53,743 | € 70,979 | € 81,756 | € 35,778 | ▼ 56% |
| Total debts | € 166,858 | € 153,096 | € 158,359 | € 197,907 | ▲ 25% |
| Cash | € 63,942 | € 58,651 | € 56,377 | € 59,492 | ▲ 6% |
| Retained profit | € 28,743 | € 45,979 | € 56,756 | € 10,778 | ▼ 81% |
| Dividend | € 0 | € 0 | € 0 | € 69,040 | |
| Bank debt | € 111,327 | € 96,224 | € 80,924 | € 65,424 | ▼ 19% |
| Balance sheet total | € 220,601 | € 224,074 | € 240,115 | € 233,685 | ▼ 3% |
Key figures of NATOVI, 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 NATOVI?
What happened at NATOVI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,062 (▲ 114% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Knokke-Heist. KBO
- Mike De Guchteneire became a director. NBB
In short
From € 28,743 profit in 2022 to € 23,062 profit in 2025.
Paid € 21,118 in corporate taxes since 2022.
Best year ever: 2022, with € 28,743 profit.
Paid out € 69,040 in dividends to the owners in total.
Management
Behind NATOVI is Mike De Guchteneire.
Directors
According to the 2025 annual accounts
Mike De Guchteneire
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Zeedijk-Knokke 460
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Mike Robert Martha de Guchteneire(vennoot) 80%
- Stefanie Manuel Christa Demaecker(vennoot) 15%
- Catalina Annie de Guchteneire(vennoot) 5%
Details
- Company number
- 0778.767.369
- VAT number
- BE 0778.767.369
- Registered office
- Zeedijk-Knokke 460, 8300 Knokke-Heist
- Names & denominations
- NATOVI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2021
- Peppol
- Active · Active since 16 Sept 2025
- Activities · NACE
Verhuur en lease van sport- en recreatieartikelen
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Personenvervoer over zee- en kustwateren
Overige recreatie- en ontspanningsactiviteiten, neg
Activiteiten op het gebied van voeding
Detailhandel in motorrijwielen, delen en toebehoren van motorrijwielen
Detailhandel in en onderhoud en reparatie van motorfietsen en delen en toebehoren van motorfietsen
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