NGD FACTORY
ActiveThe computed 12-month bankruptcy probability of NGD FACTORY is 4.2% (elevated). The 2025 annual accounts show negative equity (€-13k) and a net result of €-3k. Equity is shrinking by ~79.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 13270 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-17
Solvency4▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 0.61 in 2024; short-term debt: 121.3% and cash: 40.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-21.3%
Return on assets
-4.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
138 d late
2023
201 d late
2022
226 d late
2021
265 d late
2020
324 d late
2019
671 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-13k▼ 27.0%
2024 · €-10k
2018: €56k
2019: €47k
2020: €10k
2021: €28k
2022: €12k
2023: €-11k
2024: €-10k
2018 → 2025
Total assets
€61k▼ 11.3%
2024 · €69k
2018: €125k
2019: €86k
2020: €55k
2021: €71k
2022: €67k
2023: €75k
2024: €69k
2018 → 2025
Net result
€-3k
2024 · €1k
2018: €12k
2019: €-10k
2020: €-37k
2021: €17k
2022: €-15k
2023: €-24k
2024: €1k
2018 → 2025
Working capital
€-29k▲ 6.6%
2024 · €-31k
2018: €29k
2019: €22k
2020: €-10k
2021: €13k
2022: €1k
2023: €-20k
2024: €-31k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€12k▼ 55.6%€-11k€-10k▲ 9.3%€-13k▼ 27.0%
Operating result€37k-€-13k€-10k▲ 17.0%€4k€155▼ 96.4%
Net result€17k-€-15k€-24k▼ 53.2%€1k€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€16k▼ 23.4%
Current assets
€45k▼ 6.2%
Key figures and ratios
EBITDA
€5k▼
2024 · €9k
Cash flow
€2k▼
2024 · €6k
Solvency
-21.3%▼
2024 · -14.9%
Current ratio
0.61▲
2024 · 0.61
Quick ratio
0.44▼
2024 · 0.49
Debt / equity
-5.69▲
2024 · -7.71
ROA
-4.5%▼
2024 · 1.5%
Interest coverage
1.69▼
2024 · 2.81
Debt
€74k▼
2024 · €79k
Debt ≤ 1 year
€74k▼
2024 · €79k
Staff costs
€84k▲
2024 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€69k€61k▼
Fixed assets21/28€21k€16k▼
Tangible fixed assets22/27€20k€16k▼
Land and buildings22€2k€2k▼
Furniture and vehicles24€15k€12k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€85€85=
Current assets29/58€48k€45k▼
Stocks and contracts in progress3€9k€13k▲
Stocks30/36€9k€13k▲
Amounts receivable within one year40/41€11k€8k▼
Trade receivables40€8k€7k▼
Other amounts receivable41€3k€702▼
Cash at bank and in hand54/58€28k€25k▼
Equity and liabilities
Total equity and liabilities10/49€69k€61k▼
Equity10/15€-10k€-13k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-31k€-33k▼
Amounts payable17/49€79k€74k▼
Amounts payable within one year42/48€79k€74k▼
Trade debts44€49k€54k▲
Suppliers440/4€49k€54k▲
Taxes, remuneration and social security45€30k€20k▼
Taxes450/3€13k€8k▼
Remuneration and social security454/9€18k€12k▼
Other amounts payable47/48€253€253=
Income statement
Code20242025
Remuneration, social security and pensions62€62k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€3k€7k▲
Gross operating margin9900€74k€96k▲
Operating profit (loss)9901€4k€155▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€1k€-3k▼
Profit (loss) for the period9904€1k€-3k▼
Profit (loss) for the period to be appropriated9905€1k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-33k▼
Profit (loss) brought forward from the previous period14P€-32k€-31k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 138 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 201 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 226 days late
2023
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 265 days late
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 324 days late
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 671 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
2020
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
2019
14-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 54 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Voorstraat 1261070 AnderlechtGround area
718 m²
Building footprint
232 m²
Volume, LiDAR
1,939 m³
2 parcels, Brussels, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Les Amis Dînent
since 20132.220.412.746
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006B0385/00Z000 | Flanders | 480 m² | 1 · 152 m² | 14.1 m · 3 fl. |
| 21001A0312/00T000 | Brussels | 239 m² | 1 · 80 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteWezembeek-Oppem2.220.412.746
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MAJESTIC
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 7,664 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-06-2013
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
55202Accommodation
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.