ACTIVE

NATH

Financial year 2025 · closed on 31/12/2025
Net result
5 k €
-62.8% YoY
Gross margin
12,1 k €
-39.5% YoY
Equity
164,2 k €
+3.1% YoY

What does NATH do?

NATH is a Private limited company incorporated in 1995. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0455.737.870
Incorporation
01/07/1995
Legal form
Private limited company
Registered office
Grotesteenweg 660
2600 Antwerpen · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 302
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Gross margin12,1 k €20 k €-36,4 k €234,5 k €67,4 k €28,2 k €-4,6 k €-3,5 k €-12,8 k €64,5 k €42,6 k €-38,5 k €54,1 k €80,6 k €4,8 k €7,8 k €1,1 k €20,8 k €-5,3 k €
EBITDA10,8 k €18,2 k €-39,2 k €232,9 k €66,2 k €25 k €-5,6 k €-4,8 k €-13,9 k €63 k €41,5 k €-39,9 k €49,7 k €79,4 k €3,3 k €6,3 k €-1,5 k €-1,8 k €-28,9 k €
Operating result5,9 k €14,3 k €-50 k €216,5 k €50,1 k €16,1 k €-6,4 k €-6 k €-14,7 k €62,2 k €41,1 k €-40,4 k €48,7 k €72,9 k €-3,7 k €-199,7 €-8,1 k €-14,8 k €-37,8 k €
Net result5 k €13,5 k €-50,7 k €148,7 k €34,9 k €14,7 k €-6,6 k €-3,2 k €-9,3 k €43,8 k €39,3 k €-41 k €40 k €72,8 k €-3,8 k €-200 €-8,4 k €-18,6 k €-39,5 k €
Balance sheet
Equity164,2 k €159,2 k €145,8 k €196,5 k €49,3 k €52,5 k €37,8 k €44,3 k €47,5 k €56,8 k €13 k €-26,4 k €14,6 k €-25,4 k €-98,2 k €-94,3 k €-94,1 k €-85,7 k €-67,1 k €
Total assets195,6 k €190,2 k €183,4 k €300,7 k €131,2 k €102,2 k €40,2 k €46,9 k €48,5 k €79,1 k €31,8 k €12,1 k €40,6 k €46,1 k €14,3 k €17,3 k €24,4 k €41,5 k €36,6 k €
Cash82 k €108 k €126,7 k €228,3 k €59,2 k €56,7 k €36,4 k €9,8 k €4,7 k €25,3 k €17,4 k €8,7 k €17,9 k €26,6 k €2,4 k €543,4 €1,6 k €2,9 k €3,4 k €
Debts31,4 k €31 k €37,6 k €104,2 k €81,8 k €49,6 k €2,4 k €2,6 k €930,7 €22,3 k €18,8 k €38,5 k €25,9 k €71,5 k €112,4 k €111,6 k €118,6 k €115,2 k €103,7 k €
Other
Workforce0,8 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Dirk Ghys

Director

Active
Nathalie Willems

Director

Active

Ended mandates

Dirk Ghys

Manager

Ended
Nathalie Willems

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202628/08/202527/08/202424/08/202325/08/202230/08/2021
General meeting28/05/202625/06/202523/05/202425/05/202327/05/202227/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202528/05/202631/08/2026DutchPDF
Micro model31/12/202425/06/202528/08/2025DutchPDF
Micro model31/12/202323/05/202427/08/2024DutchPDF
Micro model31/12/202225/05/202324/08/2023DutchPDF
Micro model31/12/202127/05/202225/08/2022DutchPDF
Micro model31/12/202027/05/202130/08/2021DutchPDF
Micro model31/12/201928/05/202023/06/2020DutchPDF
Micro model31/12/201823/05/201917/06/2019DutchPDF
Micro model31/12/201724/05/201814/06/2018DutchPDF
Micro model31/12/201626/05/201730/05/2017DutchPDF
Abridged model31/12/201526/05/201607/06/2016DutchPDF
Abridged model31/12/201428/05/201506/08/2015DutchPDF
Abridged model31/12/201322/05/201408/07/2014DutchPDF
Abridged model31/12/201223/05/201314/06/2013DutchPDF
Abridged model31/12/201124/05/201220/07/2012DutchPDF
Abridged model31/12/201026/05/201106/06/2011DutchPDF
Abridged model31/12/200927/05/201025/06/2010DutchPDF
Abridged model31/12/200828/05/200902/07/2009DutchPDF
Abridged model31/12/200722/05/200822/08/2008DutchPDF
Abridged model31/12/200618/05/200731/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Dirk Ghys

Director

Active
Nathalie Willems

Director

Active

Ended mandates

Dirk Ghys

Manager

Ended
Nathalie Willems

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office24/10/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/09/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office16/12/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/01/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office17/11/2009
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other08/12/2008
    BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office27/05/2005
    MAATSCHAPPELIJKE ZETEL - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20255 k €
  2. 2024
    Annual accounts 202413,5 k €
  3. 2023
    Annual accounts 2023-50,7 k €
  4. 2022
    Annual accounts 2022148,7 k €
  5. 2021
    Annual accounts 202134,9 k €
  6. 2019
    Annual accounts 201914,7 k €
  7. 2018
    Annual accounts 2018-6,6 k €
  8. 2017
    Annual accounts 2017-3,2 k €
  9. 2016
    Annual accounts 2016-9,3 k €
  10. 2015
    Annual accounts 201543,8 k €
  11. 2014
    Annual accounts 201439,3 k €
  12. 2013
    Annual accounts 2013-41 k €
  13. 2012
    Annual accounts 201240 k €
  14. 2011
    Annual accounts 201172,8 k €
  15. 2010
    Annual accounts 2010-3,8 k €
  16. 2009
    Annual accounts 2009-200 €
  17. 2008
    Annual accounts 2008-8,4 k €
  18. 2007
    Annual accounts 2007-18,6 k €
  19. 2006
    Annual accounts 2006-39,5 k €
  20. 01/07/1995
    IncorporationPrivate limited company