ACTIVE

Naval Group Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result1 M €+288,8 %over 1 year

Gross margin5,1 M €+80,9 %over 1 year

Equity3,6 M €+40,7 %over 1 year

Workforce31,0 ETP+55,0 %over 1 year

Identity

Source · BCE/KBO

Naval Group Belgium is a Public limited company incorporated in 2019. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Bruxelles. It employs on average 31,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0739.637.668
Incorporation: 16/12/2019
Legal form: Public limited company
Registered office: Boulevard Bischoffsheim 15
1000 Bruxelles · BruxellesSee on map
Contributed capital: 2 500 000,00 €
Latest accounts: 31/12/2025
Average workforce: 31,0 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.28990Manufacture of other special-purpose machinery n.e.c.28990Manufacture of other special-purpose machinery n.e.c.+4

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 6 filings

Trend over 6 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	5,1 M €	+80.9%	2,8 M €	+64.9%	1,7 M €	+181%	605 k €	+52.9%	395,6 k €
EBITDA	1,2 M €	+489%	206,1 k €	+0.5%	205 k €	+154%	-379,9 k €	-217%	-119,9 k €
Operating result	1 M €	+606%	147,8 k €	-25.9%	199,4 k €	+152%	-381,5 k €	-218%	-119,9 k €
Net result	1 M €	+289%	269,8 k €	+9.6%	246,2 k €	+115%	-1,6 M €	-1241%	-121 k €
Balance sheet
Equity	3,6 M €	+40.7%	2,6 M €	+11.7%	2,3 M €	+12.0%	2,1 M €	-5.6%	2,2 M €
Total assets	16,6 M €	+18.4%	14 M €	+75.0%	8 M €	+110%	3,8 M €	+27.8%	3 M €
Cash	926,1 k €	-56.5%	2,1 M €	-7.0%	2,3 M €	-35.7%	3,6 M €	+28.4%	2,8 M €
Debts	4,7 M €	+23.7%	3,8 M €	+133%	1,6 M €	+452%	297,1 k €	+69.1%	175,7 k €
Other
Workforce	31,0 ETP	+55.0%	20,0 ETP	+72.4%	11,6 ETP	+41.5%	8,2 ETP	+64.0%	5,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 17 ended

Active mandates

Vincent Martinot-Lagarde

Chairman of the board of directors · since 30 juin 2025 · until 26 mai 2026

Active

Christophe Riboulleau

Director · until 26 mai 2026

Active

Géraldine Le Maire

Director · until 26 mai 2026

Active

Guy Battistella

Director · until 26 mai 2026

Active

Jean-Michel Orozco

Chairman of the board of directors · until 30 juin 2025

Active

Laurent Michel

Director · until 26 mai 2026

Active

Ended mandates

Guy Battistella

Director · since 21 mars 2024 · until 27 mai 2025

Ended

Laurent Michel

Director · since 27 novembre 2023 · until 28 mai 2024

Ended

Christophe Riboulleau

Director · since 14 juin 2023 · until 28 mai 2024

Ended

Géraldine Le Maire

Director · since 14 juin 2023 · until 28 mai 2024

Ended

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Boulevard Bischoffsheim 15 1000 Bruxelles

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	16/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	13 months
Filing date	26/06/2026	17/06/2025	20/06/2024	16/06/2023	14/06/2022	27/04/2021
General meeting	22/06/2026	27/05/2025	28/05/2024	27/04/2023	31/05/2022	26/04/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/06/2026	26/06/2026	French	PDF
Abridged model	31/12/2024	27/05/2025	17/06/2025	French	PDF
Abridged model	31/12/2023	28/05/2024	20/06/2024	French	PDF
Abridged model	31/12/2022	27/04/2023	16/06/2023	French	PDF
Abridged model	31/12/2021	31/05/2022	14/06/2022	French	PDF
Abridged model	31/12/2020	26/04/2021	27/04/2021	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 17 ended

Active mandates

Vincent Martinot-Lagarde

Chairman of the board of directors · since 30 juin 2025 · until 26 mai 2026

Active

Christophe Riboulleau

Director · until 26 mai 2026

Active

Géraldine Le Maire

Director · until 26 mai 2026

Active

Guy Battistella

Director · until 26 mai 2026

Active

Jean-Michel Orozco

Chairman of the board of directors · until 30 juin 2025

Active

Laurent Michel

Director · until 26 mai 2026

Active

Ended mandates

Guy Battistella

Director · since 21 mars 2024 · until 27 mai 2025

Ended

Laurent Michel

Director · since 27 novembre 2023 · until 28 mai 2024

Ended

Christophe Riboulleau

Director · since 14 juin 2023 · until 28 mai 2024

Ended

Géraldine Le Maire

Director · since 14 juin 2023 · until 28 mai 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates01/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates24/07/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office08/01/2025
SIEGE SOCIAL
PDF
Mandates09/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2024
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20251 M €↑
2024
Annual accounts 2024269,8 k €↑
2023
Annual accounts 2023246,2 k €↑
2022
Annual accounts 2022-1,6 M €↓
2021
Annual accounts 2021-121 k €↑
2020
Annual accounts 2020-196,8 k €
16/12/2019
IncorporationPublic limited company

Naval Group Belgium

Overview

Identity

Financials

Valuation

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

Timeline