Active BE 0887.694.312Public limited companyOpen bankruptcy

NMG

Betekomsesteenweg 69 ·3200 Aarschot, Belgium· 19 yrs active

Sector: Computer programming & consultancy (62200)

Conclusion Checked

A bankruptcy procedure is open for NMG according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €630k and a net result of €62k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€630k
Net result	€62k
Staff (FTE)	21.6
Better than sector	55%

Snowflake analysis 5 axes · computed by Checked

31 / 100

Fragile profile — watch stability in particular.

Health 13

Profitability 49

Solvency 60

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2023 · computed

13 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-10-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 62 — Computer programming & consultancy · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	31.1%	24.7%	better than 55% of 85 sector peers
Net result	€62k	€1k	better than 84% of 86 sector peers
Equity	€630k	€39k	better than 90% of 86 sector peers
Gross operating margin	€1.61M	€42k	better than 94% of 86 sector peers
Staff costs	€1.35M	€294k	higher than 88% of 39 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€190k

-73.0% 21–23

Net profit

€62k

-86.9% 21–23

Cash flow

€118k

-77.6% 21–23

Total assets

€2.03M

-2.2% 21–23

Equity

€630k

-52.9% 21–23

Working capital

€544k

-54.3% 21–23

Employees (FTE)

22

+54.3% 21–23

Staff costs

€1.35M

+84.6% 21–23

Income taxes

€44k

-74.1% 21–23

Dividends

€0

— 21–23

Debt

€1.40M

+90.4% 21–23

Debt ≤ 1y

€1.06M

+168.8% 21–23

Debt > 1y

€280k

-14.2% 21–23

Current ratio

1.51

-62.3% 21–23

Quick ratio

1.51

-62.3% 21–23

Solvency

31.1%

-51.8% 21–23

Debt / equity

2.21

+304.1% 21–23

ROE

9.9%

-72.3% 21–23

ROA

3.1%

-86.6% 21–23

Interest coverage

6.23

-85.5% 21–23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Revenue	—
EBITDA	€190k
Net profit	€62k
Cash flow	€118k
Staff costs	€1.35M
Income taxes	€44k
Dividends	—
Total assets	€2.03M
Equity	€630k
Debt	€1.40M
of which ≤ 1y	€1.06M
of which > 1y	€280k
Working capital	€544k
Employees (FTE)	21.6

Ratios (computed)

	2023
Current ratio	1.51
Quick ratio	1.51
Working capital ratio	26.9%
Solvency	31.1%
Debt / equity	2.21
Long-term debt ratio	0.44
Interest coverage	6.23
Gross margin	—
Net margin	—
ROA	3.1%
ROE	9.9%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2023

Assets

Fixed assets €417k · 20.6% Current assets €1.61M · 79.4%

Equity & liabilities

Equity €630k · 31.1% Debt €1.40M · 68.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet — Assets
TOTAL ASSETS	20/58	€2.03M
Fixed assets	21/28	€417k
Intangible fixed assets	21	€9k
Tangible fixed assets	22/27	€407k
Financial fixed assets	28	€450
Current assets	29/58	€1.61M
Amounts receivable within one year	40/41	€1.28M
Cash & bank	54/58	€319k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.03M
Equity	10/15	€630k
Contributions / capital	10/11	€62k
Reserves	13	€60k
Accumulated profits (losses)	14	€509k
Amounts payable	17/49	€1.40M
Amounts payable after one year	17	€280k
Amounts payable within one year	42/48	€1.06M
Trade debts payable within one year	44	€516k
Income statement
Gross operating margin	9900	€1.61M
Operating result	9901	€135k
Financial income	75	€13k
Financial charges	65	€31k
Result before taxes	9903	€107k
Income taxes	67/77	€44k
Net result for the period	9904	€62k
Result to be appropriated	9905	€62k

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Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	ELLIE VERHAEGEN PARIJSSTRAAT 62, 3000 LEUVEN- ↔ Also on 79 other cases	27-03-2025 → present	Belgian State Gazette
Curator	ALEXANDER MEUWISSEN PARIJS- STRAAT 62 BUS 0002, 3000 LEUVEN- ↔ Also on 49 other cases	27-03-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Computer programming & consultancy(62200)
Legal form	Public limited company(014)
Incorporation	05-03-2007
Status	Active
Postal code	3200
First BS signal	02-04-2025
Latest BS signal	02-04-2025

Company structure — linked entities2 linked entities

Mandates

↔ 2 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

NMG NV

Betekomsesteenweg 69D, 3200 AarschotOverige activiteiten op het gebied van drukwerk

since 20162.254.472.020

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

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.

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.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

02-04-2025

Bankruptcy Opening

Ondernemingsrechtbank Leuven · NMG NV BETEKOMSE- STEENWEG 69/D, 3200 AARSCHOT · event 27-03-2025

2024

30-10-2024