NGP-Group
ActiveSummary
NGP-Group has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,756 and a net result of €1,131. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-3
Solvency69▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.56 in 2023; short-term debt: 49.2% and cash: 5.4% of total assets), and 56% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
44%
Return on assets
2.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
15 d early
2022
28 d late
2021
3 d early
2020
31 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, micro schema
Equity
€20,756▲ 5.8%
2023 · €19,625
Total assets
€47,157▲ 21.0%
2023 · €38,975
Net result
€1,131▼ 43.7%
2023 · €2,007
Working capital
-€9,948▼ 16.2%
2023 · -€8,563
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,235▲ 587%-€8,130€2,567€2,373▼ 7.6%€1,759▼ 25.9%
Net result€7,495within the sector's middle half▲ 2,587%-€9,123below the sector's middle half€1,167within the sector's middle half€2,007within the sector's middle half▲ 71.9%€1,131within the sector's middle half▼ 43.7%
Equity€13,974below the sector's middle half▲ 116%€4,851below the sector's middle half▼ 65.3%€6,018below the sector's middle half▲ 24.1%€19,625below the sector's middle half▲ 226%€20,756within the sector's middle half▲ 5.8%
Total assets€54,290below the sector's middle half▲ 27.7%€72,377within the sector's middle half▲ 33.3%€48,981below the sector's middle half▼ 32.3%€38,975below the sector's middle half▼ 20.4%€47,157below the sector's middle half▲ 21.0%
Debt€40,316▲ 11.8%€67,526▲ 67.5%€42,962▼ 36.4%€19,350▼ 55.0%€26,401▲ 36.4%
Working capital-€6,850below the sector's middle half-€16,490below the sector's middle half▼ 141%-€27,842below the sector's middle half▼ 68.8%-€8,563below the sector's middle half▲ 69.2%-€9,948below the sector's middle half▼ 16.2%
Solvency25.7%within the sector's middle half▲ 10.5pp6.7%below the sector's middle half▼ 19.0pp12.3%below the sector's middle half▲ 5.6pp50.4%within the sector's middle half▲ 38.1pp44.0%within the sector's middle half▼ 6.3pp
Current ratio0.72below the sector's middle half▼ 0.330.71below the sector's middle half▼ 0.010.35below the sector's middle half▼ 0.360.56below the sector's middle half▲ 0.210.57below the sector's middle half▲ 0.01
Return on assets (ROA)13.8%within the sector's middle half▲ 13.2pp-12.6%below the sector's middle half▼ 26.4pp2.4%within the sector's middle half▲ 15.0pp5.1%within the sector's middle half▲ 2.8pp2.4%within the sector's middle half▼ 2.8pp
Staff (FTE)0.5
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 26% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47,157
Fixed assets
€33,927 ▲ 20.4%
Current assets
€13,231 ▲ 22.7%
Equity and liabilities €47,157
Equity
€20,756 ▲ 5.8%
Debt
€26,401 ▲ 36.4%
Debt's share of the balance-sheet total rises from 49.6% to 56.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,719▲
2023 · €10,280
Cash flow
€10,090▲
2023 · €9,914
Quick ratio
0.50▲
2023 · 0.48
Debt to equity
1.27▲
2023 · 0.99
ROE
5.4%▼
2023 · 10.2%
Interest coverage
20.46▼
2023 · 39.00
Debt ≤ 1 year
€23,179▲
2023 · €19,350
Income taxes
€105▲
2023 · €102
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,527 | €7,600 | €263 | - | - |
| Remuneration, social security and pensions62 | - | €134 | €5,209 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,155 | €9,916 | €3,352 | €7,907 | €8,959 | ▲ 13.3% |
| Other operating charges640/8 | - | €875 | €869 | €1,776 | €983 | ▼ 44.7% |
| Gross operating margin9900 | €16,699 | €2,794 | €11,997 | €12,056 | €11,702 | ▼ 2.9% |
| Operating profit (loss)9901 | €8,235 | -€8,130 | €2,567 | €2,373 | €1,759 | ▼ 25.9% |
| Financial income75/76B | - | €2 | €157 | €0 | - | - |
| Recurring financial income75 | €116 | €2 | €157 | €0 | - | - |
| Financial charges65/66B | - | €995 | €1,556 | €264 | €524 | ▲ 98.8% |
| Recurring financial charges65 | €856 | €995 | €1,556 | €264 | €524 | ▲ 98.8% |
| Profit (loss) for the period before taxes9903 | €7,495 | -€9,123 | €1,167 | €2,109 | €1,236 | ▼ 41.4% |
| Income taxes67/77 | - | - | - | €102 | €105 | ▲ 2.1% |
| Profit (loss) for the period9904 | €7,495 | -€9,123 | €1,167 | €2,007 | €1,131 | ▼ 43.7% |
| Profit (loss) for the period to be appropriated9905 | €7,495 | -€9,123 | €1,167 | €2,007 | €1,131 | ▼ 43.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,290 | €72,377 | €48,981 | €38,975 | €47,157 | ▲ 21.0% |
| Fixed assets21/28 | €36,521 | €31,345 | €33,860 | €28,188 | €33,927 | ▲ 20.4% |
| Tangible fixed assets22/27 | €33,491 | €28,315 | €33,830 | €28,158 | €33,897 | ▲ 20.4% |
| Plant, machinery and equipment23 | - | €14,154 | €5,005 | €4,517 | €12,978 | ▲ 187% |
| Furniture and vehicles24 | - | €14,160 | €28,825 | €23,641 | €20,919 | ▼ 11.5% |
| Financial fixed assets28 | €3,030 | €3,030 | €30 | €30 | €30 | = |
| Current assets29/58 | €17,769 | €41,032 | €15,121 | €10,787 | €13,231 | ▲ 22.7% |
| Stocks and contracts in progress3 | €3,413 | €3,680 | €236 | €1,436 | €1,537 | ▲ 7.0% |
| Stocks30/36 | - | €3,680 | €236 | €1,436 | €1,537 | ▲ 7.0% |
| Contracts in progress37 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €7,348 | €31,801 | €7,683 | €3,066 | €9,169 | ▲ 199% |
| Trade receivables40 | - | €31,713 | €5,369 | €1,846 | €9,129 | ▲ 394% |
| Other amounts receivable41 | - | €88 | €2,313 | €1,220 | €40 | ▼ 96.7% |
| Cash at bank and in hand54/58 | €2,443 | €5,017 | €6,448 | €5,549 | €2,525 | ▼ 54.5% |
| Deferred charges and accrued income490/1 | - | €535 | €754 | €736 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,290 | €72,377 | €48,981 | €38,975 | €47,157 | ▲ 21.0% |
| Equity10/15 | €13,974 | €4,851 | €6,018 | €19,625 | €20,756 | ▲ 5.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €18,879 | ▲ 1.5% |
| Reserves13 | €7,774 | €279 | €279 | €1,025 | €1,877 | ▲ 83.1% |
| Non-distributable reserves130/1 | - | €279 | €279 | €0 | - | - |
| Reserves not available under the articles1311 | - | €279 | €279 | €0 | - | - |
| Distributable reserves133 | - | €0 | - | €1,025 | €1,877 | ▲ 83.1% |
| Profit (loss) carried forward14 | - | -€1,628 | -€461 | €0 | - | - |
| Amounts payable17/49 | €40,316 | €67,526 | €42,962 | €19,350 | €26,401 | ▲ 36.4% |
| Amounts payable after more than one year17 | €15,697 | €10,004 | €0 | - | - | - |
| Financial debts170/4 | - | €10,004 | €0 | - | - | - |
| Amounts payable within one year42/48 | €24,618 | €57,522 | €42,962 | €19,350 | €23,179 | ▲ 19.8% |
| Current portion of amounts payable after more than one year42 | - | €5,693 | €1,330 | €0 | - | - |
| Trade debts44 | €13,946 | €29,779 | €14,989 | €7,727 | €8,151 | ▲ 5.5% |
| Suppliers440/4 | - | €29,779 | €14,989 | €7,727 | €8,151 | ▲ 5.5% |
| Taxes, remuneration and social security45 | - | €6,028 | €1,695 | €3,342 | €105 | ▼ 96.9% |
| Taxes450/3 | - | €4,908 | €95 | €102 | €105 | ▲ 2.1% |
| Remuneration and social security454/9 | - | €1,120 | €1,600 | €3,240 | - | - |
| Other amounts payable47/48 | - | €16,022 | €24,949 | €8,280 | €14,924 | ▲ 80.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,222 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,495 | -€9,123 | €1,167 | €2,007 | €1,131 | ▼ 43.7% |
| + Depreciation and write-downs630 | €6,155 | €9,916 | €3,352 | €7,907 | €8,959 | ▲ 13.3% |
| Operating cash flow (approximation) | €13,650 | €793 | €4,520 | €9,914 | €10,090 | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | -€4,739 | -€5,868 | -€2,235 | -€14,697 | ▼ 558% |
| Change in cash | - | €2,574 | €1,431 | -€899 | -€3,024 | ▼ 236% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €1,167
Net result €1,167 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€9,123
Net result drops to -€9,123, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €7,495 ▲2,587%
Operating result €8,235, net result €7,495, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Wevelgem · 1 establishment unit since 2018
Ground area
578 m²
Building footprint
138 m²
Volume, LiDAR
810 m³
Parcel 34302B0824/00A006, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NGP-Group
since 20182.278.101.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0824/00A006 | Flanders | 578 m² | 1 · 138 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2022 to 2025 · 4 entries · 2,311 EUR awarded · 2,260 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 237 EUR | 186 EUR |
| 2024 | 1 | 837 EUR | 837 EUR |
| 2023 | 1 | 56 EUR | 56 EUR |
| 2022 | 1 | 1,181 EUR | 1,181 EUR |
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. 2,073 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43211General electrical installation work
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699646647
Also
9925:BE0699646647
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.