Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ntgrate from Kortrijk, company number BE0883202816, closed financial year 2025 with a result of € 84,214 after tax. For that financial year Ntgrate recorded a gross margin of € 2.1 million and equity of € 496,008. Compared with financial year 2024, the result moved from € -65,407 to € 84,214. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 496,008
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 84,214
▲ still € 65,407 loss in 2024
Profit after tax over the fiscal year.
€ 242,365
▲ 268% 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 € -4.9 million.
People and assets in 2025
21.2
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 17% vs 2024
€ 86,800 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.
€ 350,816
▲ 138% vs 2024
Of which on lease € 226,186.
Debts at end 2025
€ 1 million
▲ 89% vs 2024
€ 57,390 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1.7 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 179,446
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,964 | € 994,641 | € 1,718,794 | € 2,092,179 | ▲ 22% |
| Profit after taxes | € -1,486,669 | € -587,253 | € -65,407 | € 84,214 | ▲ € 149,621 |
| Equity | € 164,454 | € 477,201 | € 411,794 | € 496,008 | ▲ 20% |
| Total debts | € 2,761,059 | € 2,472,113 | € 2,421,714 | € 3,233,387 | ▲ 34% |
| Cash | € 160,924 | € 136,918 | € 65,863 | € 242,365 | ▲ 268% |
| Retained profit | € -4,354,146 | € -4,941,399 | € -5,006,806 | € -4,922,592 | ▲ € 84,214 |
| Bank debt | € 691,493 | € 596,842 | € 530,788 | € 1,002,972 | ▲ 89% |
| Balance sheet total | € 2,925,513 | € 2,949,314 | € 2,833,507 | € 3,729,395 | ▲ 32% |
| Employees (FTE) | 16.1 | 17 | 18 | 21.2 | ▲ 3.2 |
Key figures of Ntgrate, 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 Ntgrate?
What happened at Ntgrate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 84,214. filed late Source: NBB ↗
- La Fère BV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
- Marc Vervisch became a director. NBB
In short
From € 1.5 million loss in 2022 to € 84,214 profit in 2025.
Paid € 7,819 in corporate taxes since 2022.
Best year ever: 2025, with € 84,214 profit.
On average € 98,700 of value added per employee in 2025.
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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 Ntgrate are Marc Vervisch and La Fère BV.
Directors
According to the 2025 annual accounts
Marc Vervisch
Director
since 2006
Director · represented by Vantomme Pascal
since 2014
Establishments
Establishment units
Physical locations of this company
Evolis(Kor) 91
8500 Kortrijk
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
- 0883.202.816
- VAT number
- BE 0883.202.816
- Registered office
- Evolis(Kor) 91, 8500 Kortrijk
- Names & denominations
- Ntgrate
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 August 2006
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in tapijten
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