NG Fusion
ActiveSummary
NG Fusion has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3.5m) and a net result of -€364,580. Equity has been shrinking by about 14% per year since 2018. Its solvency ranks better than 9% of 205 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
Source: KBO- Status
- Active since 30-01-2008 Normal situation
- Activity
- Materials recovery from waste NACE 38210and 1 other
- Establishment unit
- 2.168.721.248 4801 Verviers, since 22-02-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- -€101,028
- ▲ 14.7%
- Loss
- €364,580
- ▼ 30.9%
- Equity
- -€3.5m
- ▼ 11.8%
- Total assets
- €7.7m
- ▼ 0.1%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityLiquidity: current ratio 780.89, cash €2,661Negative equity -€3.5mlowers riskSize: total assets €7.7mFounded in 2008Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, small). It does better than 2% of them on solvency, 62% on liquidity, 16% on profitability and 21% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€3.5m View
- Risk: 8 loss-making years in a rowloss in financial year 2025 -€364,580 View
- Caution: Lower net result than 95% of companies in waste collection and treatmentsector median €5,682 · 204 companies -€364,580 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: Result rose in 2025from -€527,240 to -€364,580 ▲ 30.9% View
Recent changes
- · Gazette deed Change of role: FORMISANO Gennaro, from statutory manager to director
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as NG Fusion: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €2.2m and €17m, founded between 1996 and 2017.
| Company | Total assets | Gross margin |
|---|---|---|
| NG Fusion Verviers | €7.7m | -€0.1m |
| PERPETUAL NEXT DILSEN-STOKKEM Dilsen-Stokkem | €4.7m | -€0.6m |
| MARTENS-MTD ANTWERPEN Antwerpen | €5.0m | -€0.01m |
| Waterleau NewEnergy Ieper Hasselt | €17.2m | -€0.2m |
| NAMé Recycling Brussel | €3.4m | -€0.3m |
| VALUMAT Anderlecht | €12.4m | -€1.8m |
| K.L.M.-Anagement Herk-de-Stad | €2.2m | -€0.01m |
Key facts about NG Fusion
- What is the company number of NG Fusion?
- The company number of NG Fusion is 0895.344.939. The VAT number is the same number with BE in front: BE 0895.344.939.
- Where is NG Fusion based?
- The registered office is at Surdents 3, 4801 Verviers.Company details
- What does NG Fusion do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of NG Fusion?
- The legal form of NG Fusion is Private limited company (BV).
- When was NG Fusion founded?
- NG Fusion was founded on 30-01-2008.
- Is NG Fusion still active?
- Yes, NG Fusion is an active enterprise in the KBO register.
- What is the turnover of NG Fusion?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is NG Fusion profitable?
- In financial year 2025, NG Fusion made a loss of €364,580.
- Where can I find the annual accounts of NG Fusion?
- NG Fusion filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NG Fusion due?
- NG Fusion must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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