Equity
-€17.2m
Debts exceed assets in financial year 2025.
NGG
Lifetime
11 annual accounts with figures on one time axispeak €165.7m (2025)
€165.7m▲ 21.5%
lowest -€8.4m (2021)
-€258,661▲ €7.2m
peak €34.8m (2015)
-€17.2m▼ €258,661
€182.7m▲ 19.2%
peak 26.7 FTE (2025)
26.7 FTE▲ 19.7%
Board16 names since 2015all names
3 directorsODDS & OVERLAY and 2 others
Owners2 names in the annual accounts
100%SB Group LTD and 1 other
Documentsfilings and deeds
09-06-202652 days before the deadline
2025financial year
Loss of €258,661Staff from 22.3 FTE to 26.7 FTE1 statutory auditor appointed, 1 director resigning, 1 resign… 12-11Registered office moved within Erembodegem 11-06Appointment: KPMG bedrijfsrevisoren (statutory auditor) 11-06Debts from €153.3m to €182.7m
Key points
from the 2025 annual accountsLosses
-€56.3m in eleven years
Every financial year from 2015 to 2025 closed with a loss. 2021 was the heaviest.
Debts
€182.7m 110% of the balance sheet
Suppliers 1%Taxes and wages 2%Other 98%
Staff
27 employees on 31-12-2025
In 2025, 14 people joined and 11 left.
Payment terms
153 days to suppliers
NGG pays its suppliers 115 days earlier than in 2024.
Position in the sector
-€17.2m
Less equity than 95% of companies in real estate. Sector median €942,893 · 5,805 companies.
Holding: outside the score modelBankruptcy probability: sector outside the modelStandalone figures, without subsidiaries
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity. Financial fixed assets make up more than half of its assets. The general model for operating companies does not fit such a balance sheet, so there is no score and no financial strength.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal, which does not raise the risk
1 signal.
neutral
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 09-06-2026, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
52 days early
2024
55 days early
2023
29 days early
2022
24 days early
2021
32 days early
2020
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 39 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SB Group LTD 100%annual accounts 2025
- SB Lux TopCo S.à.r.l. consolidatesannual accounts 2025
Shares in 6 companies, including ludenZ and NAPOLEON GAMES INTERNATIONAL
Board & ownershipRecent changes
Capital decrease to €100,000
Capital from €17,223,851 to €100,000 · General meeting of 30-06-2026 · Gazette deed
1 statutory auditor appointed, 1 director resigning, 1 resignation
Resignations: Eamonn O'Loughlin and KPMG Bedrijfsrevisoren (statutory auditor) · Appointment: Deloitte Bedrijfsrevisoren (statutory auditor) · Director discharge: Eamonn O'Loughlin · Gazette deed
Registered office moved within Erembodegem
New registered office: Korte Keppestraat 23 te 9320 Erembodegem · Previous registered office: Korte Keppestraat 23/6 te 9320 Erembodegem · Appointment: Pivanto BV (day-to-day manager) · Board meeting of 30-01-2025 · Gazette deed
Appointment: KPMG bedrijfsrevisoren (statutory auditor)
General meeting of 16-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NGG Aalst | - | - | -10.4% | 26.7 |
| TRIPLE LIVING Antwerp | €73.0m | 2.0% | 25.9% | 30 |
| COHABS GROUP Ixelles | €0.7m | - | 49.6% | 27.7 |
| DIVANI Ghent | €0.6m | -50.5% | 54.7% | - |
| FG EURO GREEN 1 Brussels | €9.2m | 47.5% | 26.1% | - |
| Groep Caenen Capital Fund Middelkerke | €10.6m | 14.8% | 3.5% | - |
| Botanic-Estate Antwerp | - | - | 20.0% | - |
These companies have the same main activity as NGG: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €113m and €411m, founded between 2010 and 2019.
Official details
Source: KBO- Status
- Active since 31-03-2015Normal situation
- Registered office
- 61 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.243.318.7039320 Aalst, since 31-03-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 01-08-2021
Annual accounts 2025
- €165.7m▲ 21.5%
- Employeeson 31-12-2025
- 27▲ 12.5%
- Filing
- Filed on 09-06-2026, 52 days before the end of the filing period
Companies linked to NGG
Subsidiaries and holdings
- NAPOLEON GAMES SPORTS100%
- NGG Direct100%
- SPEELHAL.NET100%
- E.C.K.0.49%
Insights on NGG
NGG has existed since 2015. The balance sheet total grew from €83.6m in 2015 to €165.7m in 2025.
SB Group LTD holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NGG
- What is the company number of NGG?
- The company number of NGG is 0627.761.927. The VAT number is the same number with BE in front: BE 0627.761.927.
- Where is NGG based?
- The registered office is at Korte Keppestraat 23, 9320 Aalst.Company details
- What does NGG do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of NGG?
- NGG is a public limited company (NV).
- When was NGG founded?
- NGG was founded on 31-03-2015.
- Is NGG still active?
- Yes, NGG is an active enterprise in the KBO register.
- How many employees does NGG have?
- NGG had an average of 26.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NGG fall under?
- In its 2025 annual accounts, NGG states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of NGG?
- The annual accounts for financial year 2025 state no turnover.
- Is NGG profitable?
- In financial year 2025, NGG made a loss of €258,661.
- Where can I find the annual accounts of NGG?
- NGG filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NGG due?
- NGG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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