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 43 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
N.A.G. from Malmedy, company number BE0447469116, closed financial year 2025 with a result of € 155,830 after tax. For that financial year N.A.G. recorded a gross margin of € 659,972 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 132,980 to € 155,830. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2026.
€ 2.3 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 155,830
▲ 17% vs 2024
Profit after tax over the fiscal year.
€ 73,406
▲ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.3 million.
People and assets in 2025
€ 156,370
▲ 7% vs 2024
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 2025
€ 285,579
Loans from banks and other lenders, long and short.
€ 20,195
▲ 237% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 83,407
▲ 197% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 614,285 | € 596,449 | € 619,281 | € 659,972 | ▲ 7% |
| Profit after taxes | € 117,776 | € 90,534 | € 132,980 | € 155,830 | ▲ 17% |
| Equity | € 2,069,128 | € 2,159,374 | € 2,192,354 | € 2,348,184 | ▲ 7% |
| Total debts | € 2,138,133 | € 1,781,811 | € 1,617,199 | € 1,352,729 | ▼ 16% |
| Cash | € 100,338 | € 55,178 | € 40,653 | € 73,406 | ▲ 81% |
| Land & buildings | € 4,037,872 | € 3,816,336 | € 3,691,475 | € 3,497,367 | ▼ 5% |
| Retained profit | € 2,007,339 | € 2,097,873 | € 2,130,853 | € 2,286,683 | ▲ 7% |
| Dividend | € 0 | € 0 | € 100,000 | € 0 | ▼ 100% |
| Bank debt | € 285,579 | € 285,579 | € 285,579 | € 285,579 | |
| Balance sheet total | € 4,307,971 | € 4,037,062 | € 3,900,630 | € 3,787,181 | ▼ 3% |
Key figures of N.A.G., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to N.A.G.?
What happened at N.A.G. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Daniel NACHSEM stepped down as director. NBB
- Jacqueline LEJOLY stepped down as director. NBB
- Frank NACHSEM stepped down as director. NBB
- Emile NACHSEM stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 155,830 (▲ 17% vs 2024). filed late Source: NBB ↗
- Jacqueline LEJOLY became a director. NBB
- Frank NACHSEM became a director. NBB
- Emile NACHSEM became a director. NBB
In short
From € 117,776 profit in 2022 to € 155,830 profit in 2025.
Paid € 172,276 in corporate taxes since 2022.
Best year ever: 2025, with € 155,830 profit.
Paid out € 100,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
since 2020 · until 2027
since 2021 · until 2027
since 2021 · until 2027
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Baugnez-Route de Waimes 94
4960 Malmedy
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.
Details
- Company number
- 0447.469.116
- VAT number
- BE 0447.469.116
- Registered office
- Baugnez-Route de Waimes 94, 4960 Malmedy
- Names & denominations
- N.A.G.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 May 1992
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
Overige fiscale dienstverlening
Boekhouders
Gites, vakantiewoningen en -appartementen
Marktonderzoekbureaus
Boekhouders en boekhouders-fiscalisten
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Markt- en opinieonderzoek
Arbeidsbemiddeling
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