Equity
NMGE has made a profit in every financial year since 2021.
NMGE has made a profit in every financial year since 2021.
The micro format states no turnover.
Of this, €125,098 falls due within a year.
The 2022 accounts came latest: 31 days after the end of the period.
Lower solvency than 80% of companies in human health. Sector median 63.1% · 21,322 companies.
In July 2024, 6,715 companies had the same profile as NMGE has now. Each dot stands for 17 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,715 companies, not a prediction for NMGE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| NMGE Welkenraedt | €372,673 | €61,512 | 18.7% | - |
| Kindercentrum De Brug Boutersem | €381,902 | €82,425 | 9.0% | - |
| Blue Bridges De Haan | €392,459 | €81,848 | 35.8% | - |
| DR. LIESELOT ROBYNS Buggenhout | €519,799 | €71,372 | 6.4% | - |
| DERMATOLOGIE BILZEN Bilzen-Hoeselt | €372,320 | €93,471 | 4.2% | - |
| Callebaut Hasse Zoersel | €384,835 | €42,692 | 63.1% | - |
| 4 PLUS Sint-Niklaas | €473,838 | €78,362 | 27.7% | - |
These companies have the same main activity as NMGE: nutrition and dietetics services (NACE 86995). They are comparable in size and age: total assets between €372,000 and €520,000, founded between 2018 and 2021.
NMGE files the micro format. That format states no turnover. The gross margin rose from €17,468 in 2021 to €61,512 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover 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.
Higher than 19% of 21,322 companies in 2025.
Higher than 7% of 20,872 companies in 2025.
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
| 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.
| 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 |
| 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.
| 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)
| 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)
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.
NMGE has no parent and no holdings in its annual accounts.
| HERacing
registered office since 07-02-2026 |
founded in 2026 1034.113.535 |
| EQUIMOVE
registered office since 10-10-2022 |
founded in 2021 0765.979.306 |
| SROK
registered office since 01-07-2022 |
founded in 2022 0787.910.709 |
| Esser, Mathilde (sole trader)
establishment since 18-04-2017 |
founded in 2017 0674.608.967 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Voie de Liège 93 registered office 4840 Welkenraedt | 16-10-2020 | 2.308.391.350 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63084C0092/00E000 | 2,184 m² | 1 · 226 m² | 6.8 m · 2 |
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