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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NGG Direct from Aalst, company number BE0742827681, closed financial year 2025 with a result of € -7.1 million after tax. For that financial year NGG Direct recorded a gross margin of € -7.1 million and equity of € -7.2 million. Compared with financial year 2024, the result moved from € -10,491 to € -7.1 million. 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 June 9, 2026.
€ -7.2 million
▼ € 7.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.1 million
▼ 67809 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.3 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 486,810
▲ € 486,576 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,000
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,424 | € -6,657 | € -6,512 | € -7,118,465 | ▼ € 7.1 million |
| Profit after taxes | € -40,350 | € -24,143 | € -10,491 | € -7,124,149 | ▼ € 7.1 million |
| Equity | € -26,833 | € -50,975 | € -61,466 | € -7,185,615 | ▼ € 7.1 million |
| Total debts | € 35,405 | € 50,975 | € 61,466 | € 7,790,558 | ▲ € 7.7 million |
| Retained profit | € -101,833 | € -125,975 | € -136,466 | € -7,260,615 | ▼ € 7.1 million |
| Balance sheet total | € 8,572 | € 0 | € 0 | € 604,943 |
Key figures of NGG Direct, 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 NGG Direct?
What happened at NGG Direct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pivanto BV stepped down as director. NBB
- Odds & Overlay BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 7.1 million. Source: NBB ↗
- Eamonn O'Loughlin stepped down as director. NBB
- Pivanto BV became a director. NBB
- Eamonn O'Loughlin became a director. NBB
- Odds & Overlay BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 40,350 loss in 2022 to € 7.1 million loss in 2025.
Management
The shares are held by NGG NV (100%).
Directors
According to the 2025 annual accounts
Director · represented by Philippe Joos
Also active at: E.C.K., E.T.C. EUROPA TECHNICS & Cie, NAPOLEON GAMES, OLYMPIAN GAMES, LAGAUT, SNOOK, DE CEUSTER CONTINENTAL, LUNATIM +22 more
since 2024 · until 2030
Director · represented by Tom De Clercq
Also active at: E.C.K., E.T.C. EUROPA TECHNICS & Cie, NAPOLEON GAMES, OLYMPIAN GAMES, LAGAUT, SNOOK, DE CEUSTER CONTINENTAL, LUNATIM +22 more
since 2020 · until 2028
since 2022 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Korte Keppestraat 23
9320 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →OLYMPIAN GAMES same network
€ 556,902 gross margin · 2025
SNOOK same network
€ 941,858 gross margin · 2025
DE CEUSTER CONTINENTAL same network
€ 1.4 million gross margin · 2025
LUNATIM same network
€ -64,151 gross margin · 2025
SPEELHAL.NET same network
€ 2.5 million gross margin · 2025
+50 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0742.827.681
- VAT number
- BE 0742.827.681
- Registered office
- Korte Keppestraat 23, 9320 Aalst
- Names & denominations
- NGG Direct
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 February 2020
- Peppol
- Active · Active since 1 Aug 2021
- Contact
- skyline40.be
- Activities · NACE
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