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NGData Products

Active
Public limited companyfounded 2009active for 17 yearsOttergemsesteenweg-Zuid 808, 9000 Gent, BelgiumKBO/BCE: BE 0812.361.439
Summary

The computed 12-month bankruptcy probability of NGData Products is 4.5% (elevated). The 2025 annual accounts show negative equity (-€14.5m) and a net result of -€3.4m. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 5% of 3,823 sector peers (NACE 70, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Business and other management consultancy
NACE 70200Computer programming NACE 62100
1 site
Size
€16.5mtotal assets 2025
Staff
14.5 FTE
Equity
-€14.5m
Loss
-€3.4m
Net result -98%: other schema
Financial health
35 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
4.5%
Structure
Parent
NGDATA · 100%
Accounts 35 days early0 of 18 deeds read
Why 35raises riskLoss of €3.4m, the second in a row (financial year 2025)Negative equity -€14.5mLiquidity: current ratio 0.42, cash €397,5871 change of registered office in 24 monthsShow the evidence

Checked score

Score 2025
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 3% of its sector peers (NACE 70, small)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -88.1% of total assets
Liquidity 3+1
short-term debt 185.8% · cash 2.4%
Profitability 0-10
return on assets -20.6%
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,511 companies, NACE 70, small)
Last 24 months 11-2024: 3.6% 12-2024: 3.7%▲ +0.1 percentage points vs 11-2024 01-2025: 3.7%● unchanged vs 12-2024 02-2025: 5.1%▲ +1.4 percentage points vs 01-2025 03-2025: 5.0%▼ -0.1 percentage points vs 02-2025 04-2025: 4.9%▼ -0.1 percentage points vs 03-2025 05-2025: 4.5%▼ -0.4 percentage points vs 04-2025 06-2025: 4.6%▲ +0.1 percentage points vs 05-2025 07-2025: 4.7%▲ +0.1 percentage points vs 06-2025 08-2025: 4.5%▼ -0.2 percentage points vs 07-2025 09-2025: 4.7%▲ +0.2 percentage points vs 08-2025 10-2025: 5.4%▲ +0.7 percentage points vs 09-2025 11-2025: 5.4%● unchanged vs 10-2025 12-2025: 5.9%▲ +0.5 percentage points vs 11-2025 01-2026: 7.1%▲ +1.2 percentage points vs 12-2025highest value 02-2026: 6.8%▼ -0.3 percentage points vs 01-2026 03-2026: 6.6%▼ -0.2 percentage points vs 02-2026 04-2026: 6.6%● unchanged vs 03-2026 05-2026: 6.2%▼ -0.4 percentage points vs 04-2026 06-2026: 6.4%▲ +0.2 percentage points vs 05-2026 07-2026: 3.8%▼ -2.6 percentage points vs 06-2026 08-2026: 2.9%▼ -0.9 percentage points vs 07-2026lowest value 09-2026: 3.2%▲ +0.3 percentage points vs 08-2026 10-2026: 4.5%▲ +1.3 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.42, compared with 0.47 in 2024; short-term debt: 185.8% and cash: 2.4% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, small): better than 1% on solvency, 2% on liquidity, 1% on profitability and 7% on growth.

The bankruptcy probability was computed on 08-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · Loss of €3.4m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€14.5m
NBB · annual accounts
raises risk · Liquidity: current ratio 0.42, cash €397,587
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€14.5m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
183 days late
2023
118 days late
2022
87 days late
2021
64 days late
2020
18 days late
2019
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 60 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 October (4 of the last 5 filed years within 96 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Weakest financial yearnet -€3.4m

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€14.5m View
  • Risk: 8 loss-making years in a rowloss financial year 2025 -€3.4m View
  • Caution: Result fell in 2025different schema filed ▼ 98.4% View
  • Caution: Among the weakest 5% on solvencysector median 53.3% · 3,823 companies -88.1% View
  • Controlled by NGDATA 100% View

By topic

Financials

Financial year
2025
Total assets
€16.5m
Loss
-€3.4m
Solvency
-88.1%
Turnover▲ 30.8%
Net result
20182021
Go to Financials

Timeline

Events
17
Since
2011
Next accounts
by 31-07-2027
  1. 26-11-2024Annual accounts filed
  2. 26-10-2023Annual accounts filed
  3. 03-10-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
17-06-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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