NMG
Open bankruptcySummary
A bankruptcy procedure is open for NMG according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €630,293 and a net result of €62,375.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Leuven
- Declared bankrupt
- 27 March 2025
- Supervising judge
- Erwin De Koninck
- Official Gazette
- 02-04-2025 (pdf) ↗search the document for 2025/113850
Deadlines
- Provisional date payments stopped
- 27 March 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 April 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 26 April 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 6 May 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 27 March 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Ellie VerhaegenParijsstraat 62, 3000 Leuvenellie.verhaegen@advocaat.be
- Alexander MeuwissenParijs- Straat 62 Bus 0002, 3000 Leuvenalexander.meuwissen@advocaat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Computer consultancy and computer facilities management sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€630,293▲ 11.0%
2022 · €567,918
Total assets
€2.0m▼ 27.6%
2022 · €2.8m
Net result
€62,375▼ 80.1%
2022 · €313,604
Working capital
€543,836▲ 17.1%
2022 · €464,271
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20192020202120222023
Operating result€567,065▲ 263%€243,404▼ 57.1%€655,800▲ 169%€370,402▼ 43.5%€134,792▼ 63.6%
Net result€403,231▲ 214%€164,694above the sector's middle half▼ 59.2%€477,542above the sector's middle half▲ 190%€313,604above the sector's middle half▼ 34.3%€62,375within the sector's middle half▼ 80.1%
Equity€847,563▲ 56.6%€860,076above the sector's middle half▲ 1.5%€1.3mabove the sector's middle half▲ 55.5%€567,918within the sector's middle half▼ 57.5%€630,293above the sector's middle half▲ 11.0%
Total assets€1.4m▲ 24.4%€1.6mabove the sector's middle half▲ 15.2%€2.1mabove the sector's middle half▲ 26.7%€2.8mabove the sector's middle half▲ 35.2%€2.0mabove the sector's middle half▼ 27.6%
Debt€571,063▼ 4.6%€773,785▲ 35.5%€732,663▼ 5.3%€2.2m▲ 204%€1.4m▼ 37.4%
Working capital€435,546▲ 386%€553,884▲ 27.2%€1.2m▲ 115%€464,271▼ 61.0%€543,836▲ 17.1%
Solvency59.7%▲ 12.3pp52.6%within the sector's middle half▼ 7.1pp64.6%within the sector's middle half▲ 12.0pp20.3%within the sector's middle half▼ 44.3pp31.1%within the sector's middle half▲ 10.8pp
Staff (FTE)14.6▲ 37.7%16.5above the sector's middle half▲ 13.0%14above the sector's middle half▼ 15.2%16.1above the sector's middle half▲ 15.0%21.6above the sector's middle half▲ 34.2%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 64% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.0m
Fixed assets
€416,794 ▼ 9.1%
Current assets
€1.6m ▼ 31.3%
Equity and liabilities €2.0m
Equity
€630,293 ▲ 11.0%
Debt
€1.4m ▼ 37.4%
Debt's share of the balance-sheet total falls from 79.7% to 68.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€190,243▼
2022 · €421,217
Cash flow
€117,826▼
2022 · €364,418
Current ratio
1.51▲
2022 · 1.25
Debt to equity
2.21▼
2022 · 3.93
ROE
9.9%▼
2022 · 55.2%
ROA
3.1%▼
2022 · 11.2%
Interest coverage
6.23▼
2022 · 12.34
Debt ≤ 1 year
€1.1m▼
2022 · €1.9m
Debt > 1 year
€279,737▼
2022 · €302,952
Income taxes
€44,395▲
2022 · €24,971
Staff costs
€1.3m▲
2022 · €951,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €963 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €730,341 | €951,791 | €1.3m | ▲ 41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €102,065 | €77,823 | €49,538 | €50,814 | €55,451 | ▲ 9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,683 | €0 | €33,780 | - |
| Other operating charges640/8 | - | - | €13,038 | €3,755 | €34,415 | ▲ 817% |
| Gross operating margin9900 | €1.6m | €1.4m | €1.5m | €1.4m | €1.6m | ▲ 16.7% |
| Operating profit (loss)9901 | €567,065 | €243,404 | €655,800 | €370,402 | €134,792 | ▼ 63.6% |
| Financial income75/76B | - | - | €9,349 | €2,319 | €12,889 | ▲ 456% |
| Recurring financial income75 | €12,661 | €3,687 | €9,349 | €2,319 | €12,889 | ▲ 456% |
| Financial charges65/66B | - | - | €16,405 | €34,146 | €40,911 | ▲ 19.8% |
| Recurring financial charges65 | €13,957 | €19,872 | €16,405 | €34,146 | €30,546 | ▼ 10.5% |
| Non-recurring financial charges66B | - | - | - | - | €10,365 | - |
| Profit (loss) for the period before taxes9903 | €570,778 | €227,219 | €648,744 | €338,575 | €106,770 | ▼ 68.5% |
| Income taxes67/77 | €167,547 | €62,525 | €171,202 | €24,971 | €44,395 | ▲ 77.8% |
| Profit (loss) for the period9904 | €403,231 | €164,694 | €477,542 | €313,604 | €62,375 | ▼ 80.1% |
| Profit (loss) for the period to be appropriated9905 | €403,231 | €164,694 | €477,542 | €313,604 | €62,375 | ▼ 80.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.6m | €2.1m | €2.8m | €2.0m | ▼ 27.6% |
| Fixed assets21/28 | €770,892 | €640,317 | €484,843 | €458,328 | €416,794 | ▼ 9.1% |
| Intangible fixed assets21 | - | - | - | €11,722 | €8,888 | ▼ 24.2% |
| Tangible fixed assets22/27 | €770,892 | €640,317 | €484,843 | €446,606 | €407,455 | ▼ 8.8% |
| Land and buildings22 | - | - | €462,155 | €425,175 | €387,311 | ▼ 8.9% |
| Plant, machinery and equipment23 | - | - | €1,949 | €1,309 | €3,917 | ▲ 199% |
| Furniture and vehicles24 | - | - | €20,739 | €20,122 | €16,228 | ▼ 19.3% |
| Leasing and similar rights25 | - | - | €0 | - | - | - |
| Financial fixed assets28 | - | - | - | - | €450 | - |
| Current assets29/58 | €647,735 | €993,544 | €1.6m | €2.3m | €1.6m | ▼ 31.3% |
| Amounts receivable within one year40/41 | €217,737 | €656,419 | €1.0m | €2.1m | €1.3m | ▼ 38.0% |
| Trade receivables40 | - | - | €634,809 | €957,057 | €909,516 | ▼ 5.0% |
| Other amounts receivable41 | - | - | €385,496 | €1.1m | €370,254 | ▼ 66.6% |
| Cash at bank and in hand54/58 | €429,998 | €337,125 | €563,984 | €263,567 | €318,926 | ▲ 21.0% |
| Deferred charges and accrued income490/1 | - | - | €1,148 | €10,999 | €9,955 | ▼ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €2.1m | €2.8m | €2.0m | ▼ 27.6% |
| Equity10/15 | €847,563 | €860,076 | €1.3m | €567,918 | €630,293 | ▲ 11.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €59,549 | €59,549 | €59,549 | €59,549 | €59,549 | = |
| Non-distributable reserves130/1 | - | - | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | - | €53,399 | €53,399 | €53,399 | = |
| Profit (loss) carried forward14 | €726,514 | €739,026 | €1.2m | €446,869 | €509,244 | ▲ 14.0% |
| Amounts payable17/49 | €571,063 | €773,785 | €732,663 | €2.2m | €1.4m | ▼ 37.4% |
| Amounts payable after more than one year17 | €358,875 | €334,125 | €325,922 | €302,952 | €279,737 | ▼ 7.7% |
| Financial debts170/4 | - | - | €325,922 | €302,952 | €279,737 | ▼ 7.7% |
| Amounts payable within one year42/48 | €212,188 | €439,660 | €396,166 | €1.9m | €1.1m | ▼ 43.2% |
| Current portion of amounts payable after more than one year42 | - | - | €22,717 | €22,970 | €23,216 | ▲ 1.1% |
| Financial debts43 | - | - | €120,000 | €270,920 | €250,000 | ▼ 7.7% |
| Credit institutions430/8 | - | - | €120,000 | €270,920 | €250,000 | ▼ 7.7% |
| Trade debts44 | €75,223 | €263,900 | €49,965 | €139,392 | €515,579 | ▲ 270% |
| Suppliers440/4 | - | - | €49,965 | €139,392 | €515,579 | ▲ 270% |
| Taxes, remuneration and social security45 | - | - | €200,997 | €356,009 | €273,533 | ▼ 23.2% |
| Taxes450/3 | - | - | €131,639 | €181,510 | €65,618 | ▼ 63.8% |
| Remuneration and social security454/9 | - | - | €69,358 | €174,498 | €207,915 | ▲ 19.2% |
| Other amounts payable47/48 | - | - | €2,487 | €1.1m | €2,487 | ▼ 99.8% |
| Accrued charges and deferred income492/3 | - | - | €10,575 | €51,728 | €50,599 | ▼ 2.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €403,231 | €164,694 | €477,542 | €313,604 | €62,375 | ▼ 80.1% |
| + Depreciation and write-downs630 | €102,065 | €77,823 | €49,538 | €50,814 | €55,451 | ▲ 9.1% |
| Operating cash flow (approximation) | €505,296 | €242,517 | €527,079 | €364,418 | €117,826 | ▼ 67.7% |
| Investment in fixed assets (approximation) | - | €52,752 | €105,936 | -€24,299 | -€13,917 | ▲ 42.7% |
| Change in cash | - | -€92,873 | €226,859 | -€300,417 | €55,359 | ▲ 118% |
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
02-04
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 27-03-2025
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
31-12
Financial
Weakest financial yearnet €62,375 ▼80.1%
Net result drops to €62,375, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 99 days late
2021
31-12
Financial
Highest result since 2018net €477,542 ▲190%
Operating result €655,800, net result €477,542, both a record.
31-12
Financial
Equity above €1mEq €1.3m ▲55.5%
4 profitable years in a row build equity to €1.3m.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.05
Current ratio from 1.42 to 3.05; short-term debt falls from €215,127 to €212,188.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
02-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aarschot · 1 establishment unit since 2016
Ground area
1.0 ha
Building footprint
3,172 m²
Volume, LiDAR
12,853 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
NMG NV
since 20162.254.472.020
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662F0007/00B002 | Flanders | 8,825 m² | 1 · 3,030 m² | 9.3 m · 1 fl. |
| 24662F0027/00W002 | Flanders | 1,312 m² | 1 · 142 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ELLIE VERHAEGEN PARIJSSTRAAT 62, 3000 LEUVEN- |
27-03-2025 → present |
| Curator | ALEXANDER MEUWISSEN PARIJS-
STRAAT 62 BUS 0002, 3000 LEUVEN- |
27-03-2025 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- MAQAMA
- NMG
Highest known parent: MAQAMA. The sources do not say who stands above it.
Owners 1
- MAQAMAparentSourceaccounts MAQAMA 2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 2,587 EUR awarded · 2,587 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 2,386 EUR | 2,587 EUR |
| 2023 | 1 | 201 EUR | 0 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 10,923 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887694312
Registered
05-06-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.