Equity
-€12,796
Debts exceed assets in financial year 2025.
THOMAS VG
Lifetime
2 annual accounts with figures on one time axispeak €58,555 (2024)
-€35,172▼ €93,728
lowest -€53,738 (2025)
-€53,738▼ €92,180
peak €40,942 (2024)
-€12,796▼ €53,738
€85,594▼ 27.5%
Board1 name since 2024
1 directorVAN GYSEGHEM Thomas
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €58,555 to -€35,172Loss of €53,738Equity from €40,942 to -€12,796Debts from €118,057 to €85,594Cash from €31,176 to €9,093
Key points
from the 2025 annual accountsResult
-€53,738 -€53,738
From profit to loss in 2025, after a profit of €38,442 in 2024.
Debts
€85,594 118% of the balance sheet
Financial debts 47%Suppliers 3%Taxes and wages 13%Other 37%
Of this, €45,283 falls due within a year.
Liquidity
0.33 was 1.20 in 2024
Short-term debts fell from €58,791 to €45,283.
Starting capital
€2,500 25 shares
Position in the sector
-€53,738
Lower net result than 95% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Turnover not published (micro format)
Checked score
47
Fair
Financially stronger than 8% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 1.0%lowest value
09-2025: 1.0%● unchanged vs 08-2025lowest value
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.1%▲ +0.1 percentage points vs 11-2025
01-2026: 1.0%▼ -0.1 percentage points vs 12-2025
02-2026: 1.1%▲ +0.1 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 3.4%▲ +2.1 percentage points vs 07-2026highest value
09-2026: 3.4%● unchanged vs 08-2026highest value
10-2026: 3.4%● unchanged vs 09-2026highest value
11-2026: 3.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Negative equity -€12,796
Loss of €53,738 (financial year 2025)
lowers risk
Size: total assets €72,798
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 6% of them on solvency, 21% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as THOMAS VG has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THOMAS VG itself: 3.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for THOMAS VG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.33 (1.2 in 2024), below 1. Short-term debt is 62.2% and cash 12.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€12,796
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 day early
2024
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 9 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011067919
Incorporation
Founding capital of €2,500, 25 shares · Founder: VAN GYSEGHEM Thomas · Appointment: VAN GYSEGHEM Thomas (director) · published on 04-07-2024 · Gazette deed
First establishment
Grote Baan 58, Aalst
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THOMAS VG Aalst | €72,798 | -€35,172 | -17.6% | - |
| LVZ Services Molenbeek-Saint-Jean | €80,720 | -€9,105 | -3.1% | - |
| Senstec Mechelen | €69,965 | -€7,216 | 32.9% | - |
| Renovatie J&M Antwerp | €67,753 | -€18,242 | -21.2% | - |
| TOIT SYL ENERGIES Quiévrain | €88,437 | -€2,562 | 49.9% | - |
| PROJECTEN CAMBIER Brecht | €91,803 | -€2,823 | 40.5% | - |
| KG DAKWERKEN Vorselaar | €64,468 | -€26,942 | -16.2% | - |
These companies have the same main activity as THOMAS VG: roofing work (NACE 43410). They are comparable in size and age: total assets between €64,500 and €91,800, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 02-07-2024Normal situation
- Activity
- Roofing workNACE 43410and 3 others
- Establishment unit
- 2.361.759.0679310 Aalst, since 02-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 10-09-2024
Annual accounts 2025
- €72,798▼ 54.2%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on THOMAS VG
The computed 12-month bankruptcy probability of THOMAS VG is 3.4% (moderate). The 2025 annual accounts show negative equity (-€12,796) and a net result of -€53,738.
Its solvency ranks better than 7% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THOMAS VG
- What is the company number of THOMAS VG?
- The company number of THOMAS VG is 1011.067.919. The VAT number is the same number with BE in front: BE 1011.067.919.
- Where is THOMAS VG based?
- The registered office is at Grote Baan 58, 9310 Aalst.Company details
- What does THOMAS VG do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of THOMAS VG?
- THOMAS VG is a private limited company (BV).
- When was THOMAS VG founded?
- THOMAS VG was founded on 02-07-2024.
- Is THOMAS VG still active?
- Yes, THOMAS VG is an active enterprise in the KBO register.
- What is the turnover of THOMAS VG?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is THOMAS VG profitable?
- In financial year 2025, THOMAS VG made a loss of €53,738.
- Where can I find the annual accounts of THOMAS VG?
- THOMAS VG filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THOMAS VG due?
- THOMAS VG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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