ACTIVE

LNAVEGA

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Financial year 2024 · closed on 31/12/2024

Net result

21,4 k €

+155.4% YoY

Gross margin

59,3 k €

-55.0% YoY

Equity

379,9 k €

+5.7% YoY

What does LNAVEGA do?

LNAVEGA is a Private limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.338.316

Incorporation

08/05/1998

Legal form

Private limited company

Registered office

Zwijnaardsesteenweg 36
9000 Gent · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 69203Accounting, bookkeeping and auditing activities; tax consultancy 69203Accounting, bookkeeping and auditing activities; tax consultancy 74123Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	59,3 k €	-55.0%	131,8 k €	+87.3%	70,4 k €	-0.2%	70,5 k €	-39.7%	116,9 k €	+25.3%	93,3 k €	-18.4%	114,4 k €	+25.8%	90,9 k €	-13.5%	105 k €	-5.3%	110,9 k €	-39.2%	182,5 k €	+278%	48,3 k €	+54.7%	31,2 k €	-68.0%	97,5 k €	-23.9%	128 k €	-4.4%	133,9 k €	-37.4%	214 k €	+18.0%	181,4 k €
EBITDA	55,4 k €	-54.3%	121,2 k €	+73.7%	69,8 k €	-0.2%	70 k €	-39.9%	116,3 k €	+25.5%	92,7 k €	-18.5%	113,7 k €	+12.8%	100,8 k €	+7.5%	93,8 k €	-15.2%	110,6 k €	-39.3%	182,1 k €	+287%	47 k €	+102%	23,3 k €	+10.2%	21,1 k €	-28.2%	29,4 k €	-40.5%	49,5 k €	+5.0%	47,1 k €	-62.1%	124,5 k €
Operating result	30,4 k €	+957%	-3,5 k €	-112%	29 k €	-53.2%	62 k €	-6.2%	66 k €	-16.1%	78,7 k €	-5.5%	83,2 k €	-17.2%	100,5 k €	+8.1%	93 k €	+4.4%	89 k €	-17.1%	107,4 k €	+361%	23,3 k €	+3048%	739,7 €	+395%	-250,7 €	-105%	5,2 k €	-56.8%	12 k €	+4.6%	11,4 k €	-87.8%	94 k €
Net result	21,4 k €	+155%	-38,6 k €	-4129%	957,4 €	-97.8%	42,7 k €	-3.1%	44 k €	-25.2%	58,8 k €	-5.0%	61,9 k €	-1.7%	63 k €	+6.5%	59,2 k €	+4.6%	56,6 k €	-9.3%	62,4 k €	+233%	18,7 k €	+1075%	1,6 k €	-42.2%	2,8 k €	-50.1%	5,5 k €	-58.5%	13,3 k €	+6.7%	12,5 k €	-81.5%	67,6 k €
Balance sheet
Equity	379,9 k €	+5.7%	359,3 k €	-27.9%	498,7 k €	+0.0%	498,6 k €	+7.1%	465,7 k €	+10.2%	422,5 k €	+13.4%	372,7 k €	+16.6%	319,8 k €	+24.5%	256,8 k €	+29.9%	197,6 k €	+40.1%	141,1 k €	+79.2%	78,7 k €	+31.2%	60 k €	+2.7%	58,4 k €	-83.2%	347,7 k €	+1.6%	342,2 k €	+4.1%	328,8 k €	+14.7%	286,7 k €
Total assets	561,1 k €	+2.8%	546,1 k €	-22.4%	703,3 k €	+8.3%	649,5 k €	+17.8%	551,5 k €	+3.7%	531,9 k €	+19.5%	445,1 k €	-5.7%	471,9 k €	+39.4%	338,5 k €	+32.8%	254,9 k €	-21.7%	325,4 k €	+12.5%	289,2 k €	-8.7%	316,6 k €	-41.9%	545 k €	+2.9%	529,7 k €	-2.2%	541,6 k €	+9.3%	495,6 k €	+2.6%	483,1 k €
Cash	266,3 k €	+51.9%	175,3 k €	-38.0%	282,9 k €	-14.3%	330,2 k €	+107%	159,5 k €	-1.8%	162,5 k €	+32.5%	122,6 k €	+13.5%	108 k €	-7.0%	116,1 k €	+11.3%	104,3 k €	-19.8%	130 k €	+343%	29,4 k €	-43.9%	52,4 k €	-80.9%	273,6 k €	-7.5%	295,7 k €	+1.6%	290,9 k €	+198%	97,5 k €	-49.6%	193,5 k €
Debts	181,2 k €	-3.0%	186,7 k €	-8.7%	204,5 k €	+35.5%	150,9 k €	+76.1%	85,7 k €	-21.6%	109,3 k €	+51.0%	72,4 k €	-52.4%	152,2 k €	+114%	71,2 k €	+24.3%	57,3 k €	-68.9%	184,4 k €	-12.4%	210,5 k €	-18.0%	256,6 k €	-47.3%	486,6 k €	+167%	182 k €	-8.7%	199,4 k €	+23.1%	162 k €	-13.6%	187,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		1,4 ETP	-30.0%	2,0 ETP	+25.0%	1,6 ETP	-44.8%	2,9 ETP	+190%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

GEERT HEYVAERT

Director

Active

Ended mandates

GEERT HEYVAERT

Manager

Ended

KAREL VERHEYDEN

Manager · until 29 décembre 2011

Ended

KAREL VERHEYDEN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/12/2025	25/03/2025	24/03/2025	31/10/2022	31/10/2022	31/12/2020
General meeting	10/10/2025	07/10/2024	02/06/2023	15/10/2022	31/10/2021	30/11/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	10/10/2025	31/12/2025	Dutch	PDF
Micro model	31/12/2023	07/10/2024	25/03/2025	Dutch	PDF
Micro model	31/12/2022	02/06/2023	24/03/2025	Dutch	PDF
Micro model	31/12/2021	15/10/2022	31/10/2022	Dutch	PDF
Micro model	31/12/2020	31/10/2021	31/10/2022	Dutch	PDF
Micro model	31/12/2019	30/11/2020	31/12/2020	Dutch	PDF
Micro model	31/12/2018	14/10/2019	30/11/2019	Dutch	PDF
Micro model	31/12/2017	30/09/2018	30/11/2018	Dutch	PDF
Micro model	31/12/2016	27/09/2017	30/09/2017	Dutch	PDF
Abridged model	31/12/2015	05/10/2016	30/11/2016	Dutch	PDF
Abridged model	31/12/2014	07/10/2015	31/10/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/10/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	31/10/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	15/03/2012	13/04/2012	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/11/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	18/11/2009	Dutch	PDF
Abridged model	31/12/2007	30/03/2009	20/04/2009	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	27/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 31/12/2024 · 1 active · 3 ended

Active mandates

GEERT HEYVAERT

Director

Active

Ended mandates

GEERT HEYVAERT

Manager

Ended

KAREL VERHEYDEN

Manager · until 29 décembre 2011

Ended

KAREL VERHEYDEN

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/01/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/01/2014
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/02/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 202421,4 k €↑
2024
Name changeLNAVEGA
2023
Annual accounts 2023-38,6 k €↓
2022
Annual accounts 2022957,4 €↓
2021
Annual accounts 202142,7 k €↓
2020
Annual accounts 202044 k €↓
2020
Name changeVERHEYDEN HEYVAERT Co
2019
Annual accounts 201958,8 k €↓
2018
Annual accounts 201861,9 k €↓
2017
Annual accounts 201763 k €↑
2016
Annual accounts 201659,2 k €↑
2015
Annual accounts 201556,6 k €↓
2014
Annual accounts 201462,4 k €↑
2013
Annual accounts 201318,7 k €↑
2012
Annual accounts 20121,6 k €↓
2011
Annual accounts 20112,8 k €↓
2010
Annual accounts 20105,5 k €↓
2009
Annual accounts 200913,3 k €↑
2008
Annual accounts 200812,5 k €↓
2006
Annual accounts 200667,6 k €
08/05/1998
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LNAVEGA

Overview

What does LNAVEGA do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline