Financials
Financial year 2025
Navigar-IT from Mortsel, company number BE0891186114, closed financial year 2025 with a result of € -12,105 after tax. For that financial year Navigar-IT recorded a gross margin of € 25,977 and equity of € 125,628. Compared with financial year 2024, the result moved from € 10,720 to € -12,105. 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 September 1, 2026.
€ 125,628
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,105
▼ still € 10,720 profit in 2024
Profit after tax over the fiscal year.
€ 11,034
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 125,628.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 50,625
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 40,854
▼ 26% vs 2024
Loans from banks and other lenders, long and short.
€ 3,435
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,044
▲ 23% 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 | € -41,163 | € 45,892 | € 38,420 | € 25,977 | ▼ 32% |
| Profit after taxes | € -48,022 | € 27,331 | € 10,720 | € -12,105 | ▼ € 22,825 |
| Equity | € 107,742 | € 135,072 | € 137,732 | € 125,628 | ▼ 9% |
| Total debts | € 16,219 | € 85,721 | € 82,506 | € 69,212 | ▼ 16% |
| Cash | € 20,690 | € 24,072 | € 43,612 | € 11,034 | ▼ 75% |
| Retained profit | € 101,542 | € 128,872 | € 137,732 | € 125,628 | ▼ 9% |
| Dividend | € 0 | € 0 | € 1,860 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 69,148 | € 55,457 | € 40,854 | ▼ 26% |
| Balance sheet total | € 123,961 | € 220,793 | € 220,238 | € 194,840 | ▼ 12% |
Key figures of Navigar-IT, 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 Navigar-IT?
What happened at Navigar-IT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,105 (▼ € 22,825 vs 2024). filed late Source: NBB ↗
- Mathias Smits became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Mortsel. KBO
In short
From € 48,022 loss in 2022 to € 12,105 loss in 2025.
Paid € 9,529 in corporate taxes since 2022.
Best year ever: 2023, with € 27,331 profit.
Paid out € 1,860 in dividends to the owners in total.
Management
Behind Navigar-IT is Mathias Smits. The shares are held by Mathias Smits (100%).
Directors
According to the 2025 annual accounts
Mathias Smits
Manager
since 2007
Shareholders
Mathias Smits
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Benedictusstraat 103
2640 Mortsel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0891.186.114
- VAT number
- BE 0891.186.114
- Registered office
- Sint-Benedictusstraat 103, 2640 Mortsel
- Names & denominations
- Navigar-IT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 2007
- Peppol
- Active · Active since 11 Sept 2025
- Activities · NACE
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