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 3 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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Board fully replaced NBB
No director from three years ago is still active according to annual account 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
NAVONUS from Gent, company number BE0841908431, closed financial year 2025 with a result of € -166,973 after tax. For that financial year NAVONUS recorded a gross margin of € 1.8 million and equity of € -641,324. Compared with financial year 2024, the result moved from € -550,514 to € -166,973. 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 July 30, 2026.
€ -641,324
▼ € 166,973 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -166,973
▲ 70 % less loss than in 2024
Profit after tax over the fiscal year.
€ 783,654
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -921,324.
People and assets in 2025
16.9
▼ 7.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 23% vs 2024
€ 111,400 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.
€ 9,610
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4,160
▼ 75% vs 2024
Loans from banks and other lenders, long and short.
€ 4.6 million
▲ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 168,351
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 5,522,376 | - | - | |
| Gross margin | € 2,258,612 | € 2,125,127 | € 1,944,976 | € 1,762,525 | ▼ 9% |
| Profit after taxes | € 69,403 | € -93,790 | € -550,514 | € -166,973 | ▲ € 383,541 |
| Equity | € 89,954 | € -3,836 | € -474,351 | € -641,324 | ▼ € 166,973 |
| Total debts | € 4,749,587 | € 3,330,165 | € 4,013,073 | € 5,538,308 | ▲ 38% |
| Cash | € 356,490 | € 469,710 | € 993,311 | € 783,654 | ▼ 21% |
| Retained profit | € -110,046 | € -203,836 | € -754,351 | € -921,324 | ▼ € 166,973 |
| Bank debt | € 19,219 | € 0 | € 16,664 | € 4,160 | ▼ 75% |
| Balance sheet total | € 4,839,541 | € 3,326,328 | € 3,538,723 | € 4,896,984 | ▲ 38% |
| Employees (FTE) | 22.1 | 22.7 | 24.3 | 16.9 | ▼ 7.4 |
Key figures of NAVONUS, 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 NAVONUS?
What happened at NAVONUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stann BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 166,973. Source: NBB ↗
- SANFLOW HOLDING BV (NL) became a director. NBB
- JSTN HOLDING BV (NL) became a director. NBB
- New establishment in Gent. KBO
- Stann BV became a director. NBB
- New establishment in Brugge. KBO
- New establishment in Gent. KBO
In short
From € 69,403 profit in 2022 to € 166,973 loss in 2025.
Paid € 167,604 in corporate taxes since 2022.
Best year ever: 2022, with € 69,403 profit.
On average € 104,300 of value added per employee in 2025.
Management
The stake of STANN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NAVONUSBehind NAVONUS are SANFLOW HOLDING BV (NL) and JSTN HOLDING BV (NL). The shares are held by STANN (56%). It owns 25% of Navonus Coastal Services itself.
Directors
According to the 2025 annual accounts
SANFLOW HOLDING BV (NL)
Director · represented by Sander Wassenaar
Also active at: Navonus Coastal Services, MARILIQ
since 2025
JSTN HOLDING BV (NL)
Director · represented by Justin Wassenaar
Also active at: Navonus Coastal Services
since 2025
since 2022 · until 2028
Shareholders
56%
Participations
Establishments
Establishment units
Physical locations of this company
Voorhavenlaan 14 box B
9000 Gent
Rederskaai 8-10
8380 Brugge
Active since 1 November 2020
Striemenbergstraat 11
9040 Gent
Active since 11 March 2024
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 →AGRO-MINNE BINNENVAART
€ 748,104 gross margin · 2025
PANTANK LIQUID STORAGE
€ 626,629 gross margin · 2025
MAASKADE BEVRACHTERS BELGIUM
€ 1.2 million gross margin · 2025
PT GROEP
G.IT - ITGUYS
€ 85,474 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
- 0841.908.431
- VAT number
- BE 0841.908.431
- Registered office
- Voorhavenlaan 14 bus B, 9000 Gent
- Names & denominations
- NAVONUS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2011
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
Logistieke diensten
Overige vervoerondersteunende activiteiten
Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw