NMGE
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €110,000 and €260,000.
Balance sheet
balance sheet total €372,673 on 31-12-2025in euro
in euro
Position in the sector
18.7%
Higher than 19% of 21,322 companies in 2025.
0.53
Higher than 7% of 20,872 companies in 2025.
6.4%
Higher than 18% of 21,172 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
372,673 | 373,485 | 351,704 | 356,097 | 351,782 | |
21/28 |
306,675 | 307,652 | 327,614 | 314,565 | 327,113 | |
22/27 |
306,675 | 307,652 | 327,614 | 314,565 | 327,113 | |
22 |
296,666 | 297,534 | 316,991 | 307,532 | 324,231 | |
23 |
7,338 | 7,134 | 6,857 | 2,375 | 2,107 | |
24 |
2,672 | 2,983 | 3,766 | 4,658 | 775 | |
29/58 |
65,998 | 65,833 | 24,090 | 41,532 | 24,669 | |
40/41 |
60,093 | 61,994 | 19,464 | 31,638 | 6,932 | |
40 |
46,160 | 53,611 | 15,026 | 31,638 | 6,808 | |
41 |
13,934 | 8,383 | 4,438 | - | 124 | |
54/58 |
5,725 | 3,782 | 4,626 | 9,453 | 17,737 | |
490/1 |
179 | 56 | - | 441 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
372,673 | 373,485 | 351,704 | 356,097 | 351,782 | |
10/15 |
69,657 | 45,676 | 24,346 | 18,501 | 11,170 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
14 |
59,657 | 35,676 | 14,346 | 8,501 | 1,170 | |
17/49 |
303,016 | 327,809 | 327,359 | 337,596 | 340,612 | |
17 |
177,918 | 196,067 | 213,876 | 231,352 | 248,501 | |
170/4 |
177,918 | 196,067 | 213,876 | 231,352 | 248,501 | |
42/48 |
125,098 | 131,403 | 113,483 | 106,244 | 91,691 | |
42 |
18,149 | 19,278 | 17,476 | 17,149 | 18,216 | |
44 |
114 | 7,269 | 1,125 | 421 | 70 | |
440/4 |
114 | 7,269 | 1,125 | 421 | 70 | |
46 |
- | - | - | - | 165 | |
45 |
7,287 | 10,646 | 3,279 | 8,328 | 3,612 | |
450/3 |
7,287 | 10,646 | 3,279 | 8,328 | 3,612 | |
47/48 |
99,548 | 94,210 | 91,602 | 80,346 | 69,628 | |
492/3 |
0 | 339 | - | - | 420 | |
| Income statement | ||||||
9900 |
61,512 | 54,628 | 32,872 | 32,603 | 17,468 | |
630 |
22,454 | 21,590 | 20,228 | 18,115 | 10,350 | |
640/8 |
2,489 | 2,732 | 2,278 | 2,106 | 896 | |
9901 |
36,569 | 30,307 | 10,365 | 12,382 | 6,223 | |
75/76B |
15 | 1,410 | 114 | 1 | 1 | |
75 |
15 | 1,410 | 114 | 1 | 1 | |
65/66B |
4,123 | 4,332 | 4,634 | 5,052 | 5,054 | |
65 |
4,123 | 4,332 | 4,634 | 5,052 | 5,054 | |
9903 |
32,461 | 27,385 | 5,845 | 7,331 | 1,170 | |
67/77 |
8,480 | 6,055 | - | - | - | |
9904 |
23,981 | 21,330 | 5,845 | 7,331 | 1,170 | |
9905 |
23,981 | 21,330 | 5,845 | 7,331 | 1,170 | |
| Appropriation of the result | ||||||
9906 |
59,657 | 35,676 | 14,346 | 8,501 | 1,170 | |
14P |
35,676 | 14,346 | 8,501 | 1,170 | - | |
| Document | ||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00220198 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00321258 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00352473 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00392658 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20087754 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 59,023 | 51,897 | 30,594 | 30,497 | 16,572 | ||
| 46,436 | 42,920 | 26,073 | 25,446 | 11,519 | ||
| 21,478 | 1,628 | 33,277 | 5,567 | 337,462 | ||
| 1,943 | -844 | -4,826 | -8,285 | - | ||
| -59,100 | -65,570 | -89,392 | -64,712 | -67,022 | ||
| 18.7% | 12.2% | 6.9% | 5.2% | 3.2% | ||
| 0.53 | 0.50 | 0.21 | 0.39 | 0.27 | ||
| 4.35 | 7.18 | 13.45 | 18.25 | 30.49 | ||
| 34.4% | 46.7% | 24.0% | 39.6% | 10.5% | ||
| 6.4% | 5.7% | 1.7% | 2.1% | 0.3% | ||
| 14.32 | 11.98 | 6.60 | 6.04 | 3.28 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €137,500 | €137,500 | €137,500 | €137,500 | €137,500 |
| Carrying value of the mortgaged assets | €296,666 | €297,534 | €316,991 | €307,532 | €324,231 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €21,478 | €1,628 | €33,277 | €5,567 | €337,462 |
| €22,454 | €21,590 | €20,228 | €18,115 | €10,350 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NMGE
The operating result for 2025 is 21% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 87.8% to 81.3%. Equity is higher and debt is lower.