Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
NGM BELGIUM from Maasmechelen, company number BE0696980731, closed financial year 2024 with a result of € -100,885 after tax. For that financial year NGM BELGIUM recorded a gross margin of € 65,776 and equity of € -140,592. Compared with financial year 2023, the result moved from € -20,923 to € -100,885. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2025.
€ -140,592
▼ € 100,885 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -100,885
▼ 382 % more loss than in 2023
Profit after tax over the fiscal year.
€ 18,775
▼ 41% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -146,792.
People and assets in 2024
3
▼ 1.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 156,450
▼ 20% vs 2023
€ 52,200 per full-time equivalent. 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 2024
€ 59,333
▼ 24% vs 2023
€ 35,333 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 178,552
▲ 171% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 32,087
▲ 9% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 145,296 | € 124,879 | € 181,865 | € 65,776 | ▼ 64% |
| Profit after taxes | € 18,901 | € -24,985 | € -20,923 | € -100,885 | ▼ € 79,962 |
| Equity | € 6,200 | € -18,785 | € -39,708 | € -140,592 | ▼ € 100,885 |
| Total debts | € 130,840 | € 128,312 | € 173,726 | € 270,452 | ▲ 56% |
| Cash | € 46,198 | € 10,193 | € 31,708 | € 18,775 | ▼ 41% |
| Retained profit | € 0 | € -24,985 | € -45,908 | € -146,792 | ▼ € 100,885 |
| Dividend | € 31,809 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 10,000 | € 78,334 | € 59,333 | ▼ 24% |
| Balance sheet total | € 137,040 | € 109,527 | € 134,018 | € 129,860 | ▼ 3% |
| Employees (FTE) | 2.7 | 2.8 | 4.9 | 3 | ▼ 1.9 |
Key figures of NGM BELGIUM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to NGM BELGIUM?
What happened at NGM BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
NGM BELGIUM is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 100,885. Source: NBB ↗
- New establishment in Maasmechelen. KBO
- Giovanni Mazzoleni became a director. NBB
- Nicola Mazzoleni became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,901 profit in 2021 to € 100,885 loss in 2024.
Paid € 2,356 in corporate taxes since 2021.
Best year ever: 2021, with € 18,901 profit.
On average € 21,900 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind NGM BELGIUM are Giovanni Mazzoleni and Nicola Mazzoleni.
Directors
According to the 2024 annual accounts
Giovanni Mazzoleni
Director
since 2018
Nicola Mazzoleni
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Zetellaan(E) 100
3630 Maasmechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0696.980.731
- VAT number
- BE 0696.980.731
- Registered office
- Zetellaan(E) 100, 3630 Maasmechelen
- Names & denominations
- NGM BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 1 June 2018
- Peppol
- Not registered
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Detailhandel in damesbovenkleding
Detailhandel in herenbovenkleding