Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2026; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2026
NRH PIGS from Tielt, company number BE0445408261, closed financial year 2026 with a result of € -45,230 after tax. For that financial year NRH PIGS recorded a gross margin of € 79,088 and equity of € 176,143. Compared with financial year 2025, the result moved from € 15,752 to € -45,230. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2026.
€ 176,143
▼ 20% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,230
▼ still € 15,752 profit in 2025
Profit after tax over the fiscal year.
€ 1,501
▼ 92% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1,143.
People and assets in 2026
€ 105,354
▼ 14% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2026
€ 62,500
▼ 75% vs 2025
Loans from banks and other lenders, long and short.
€ 7 million
▲ 32% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 26,564
▲ 40% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 13,942,320 | € 6,408,960 | € 6,506,597 | - | |
| Gross margin | - | - | - | € 79,088 | |
| Profit after taxes | € 8,795 | € 3,180 | € 15,752 | € -45,230 | ▼ € 60,983 |
| Equity | € 202,441 | € 205,621 | € 221,373 | € 176,143 | ▼ 20% |
| Total debts | € 8,108,846 | € 5,297,592 | € 5,590,343 | € 7,103,283 | ▲ 27% |
| Cash | € 29,668 | € 18,921 | € 18,603 | € 1,501 | ▼ 92% |
| Retained profit | € 27,441 | € 30,621 | € 46,373 | € 1,143 | ▼ 98% |
| Bank debt | € 640,625 | € 453,125 | € 250,000 | € 62,500 | ▼ 75% |
| Balance sheet total | € 8,311,287 | € 5,503,212 | € 5,811,717 | € 7,279,426 | ▲ 25% |
| Employees (FTE) | 1.4 | 1.4 | 1.5 | - |
Key figures of NRH PIGS, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to NRH PIGS?
What happened at NRH PIGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 45,230 (▼ € 60,983 vs 2025). Source: NBB ↗
- New establishment in Tielt. KBO
- Geert Nemegheer became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,795 profit in 2023 to € 45,230 loss in 2026.
Paid € 2,541 in corporate taxes since 2023.
Best year ever: 2025, with € 15,752 profit.
Management
Behind NRH PIGS is Geert Nemegheer. Geert Nemegheer is also behind AGRAR, NOTELARENGOED, ALVAR and AG-DINANT.
Directors
According to the 2026 annual accounts
since 2000
Establishments
Establishment units
Physical locations of this company
Wakkensesteenweg 18
8700 Tielt
Ervestraat 6
8700 Tielt
Active since 1 January 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0445.408.261
- VAT number
- BE 0445.408.261
- Registered office
- Wakkensesteenweg 18, 8700 Tielt
- Names & denominations
- NRH PIGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 1991
- Peppol
- Active · Active since 9 Oct 2025
- Contact
- nemegheer.be [email protected] 051/407176
- Activities · NACE
Fokvarkenshouderijen
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