THOMAS VG
ActiveSummary
The computed 12-month bankruptcy probability of THOMAS VG is 4.2% (elevated). The 2025 annual accounts show negative equity (€-13k) and a net result of €-54k. Its solvency ranks better than 7% of 27786 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-99
Solvency7▼-44
Growth32
Track record82
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 1.2 in 2024; short-term debt: 62.2% and cash: 12.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-17.6%
Return on assets
-73.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-13k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-13k
2024 · €41k
2024: €41k
2024 → 2025
Total assets
€73k▼ 54.2%
2024 · €159k
2024: €159k
2024 → 2025
Net result
€-54k
2024 · €38k
2024: €38k
2024 → 2025
Working capital
€-31k
2024 · €12k
2024: €12k
2024 → 2025
Multi-year overview
Available amounts per fiscal year
Line20242025Trend
Equity€41k-€-13k
Operating result€50k-€-50k
Net result€38k-€-54k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €50k after €50k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€58k ▼ 34.4%
Current assets
€15k ▼ 79.1%
Key figures and ratios
EBITDA
€-36k▼
2024 · €58k
Cash flow
€-40k▼
2024 · €46k
Solvency
-17.6%▼
2024 · 25.7%
Current ratio
0.33▼
2024 · 1.20
Debt to equity
-6.69▼
2024 · 2.88
ROA
-73.8%▼
2024 · 24.2%
Interest coverage
-11.44▼
2024 · 47.82
Debt
€86k▼
2024 · €118k
Debt ≤ 1 year
€45k▼
2024 · €59k
Debt > 1 year
€40k▼
2024 · €59k
Income taxes
€389▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€159k€73k▼
Fixed assets21/28€89k€58k▼
Intangible fixed assets21€484€433▼
Tangible fixed assets22/27€88k€58k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€75k€45k▼
Other tangible fixed assets26€9k€10k▲
Current assets29/58€70k€15k▼
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€35k€6k▼
Trade receivables40€22k€4k▼
Other amounts receivable41€13k€1k▼
Cash at bank and in hand54/58€31k€9k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€159k€73k▼
Equity10/15€41k€-13k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€38k€-15k▼
Amounts payable17/49€118k€86k▼
Amounts payable after more than one year17€59k€40k▼
Financial debts170/4€59k€40k▼
Amounts payable within one year42/48€59k€45k▼
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€12k€11k▼
Other amounts payable47/48€20k€13k▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€14k▲
Other operating charges640/8€829€1k▲
Gross operating margin9900€59k€-35k▼
Operating profit (loss)9901€50k€-50k▼
Financial income75/76B€55€13▼
Recurring financial income75€55€13▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€49k€-53k▼
Income taxes67/77€10k€389▼
Profit (loss) for the period9904€38k€-54k▼
Profit (loss) for the period to be appropriated9905€38k€-54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€-15k▼
Profit (loss) brought forward from the previous period14P-€38k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Baan 589310 AalstGround area
1,100 m²
Building footprint
94 m²
Parcel 41026B0777/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
THOMAS VG
since 20242.361.759.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41026B0777/00F000 | Flanders | 1,100 m² | 1 · 94 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ROOFSERVICE
BE 0792.398.047
Wingene · Eq €40,943
Toproof
BE 0689.565.872
Antwerpen · Eq €40,935
RoofAlert
BE 0743.480.056
Schoten · Eq €40,929
Dakwerken Wattel
BE 0466.199.717
Wervik · Eq €40,919
ALFADAK
BE 0760.371.320
Westerlo · Eq €41,000
Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 3,585 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43230Insulation installation
43320Joinery installation
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.