V.G. CONSTRUCT
Dissolved and wound upOverview
Overview
Official details
Source: KBO- Status
- Dissolved and wound up deed of 05-05-2026
- Activity
- “Onderneming voor timmer en schrijnwerk aan gebouwen;” (deed in Dutch)From the articles, 4 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2025
- Gross margin
- -€20,840
- Loss
- €44,555
- ▲ 126%
- Equity
- €47,694
- ▼ 48.3%
- Total assets
- €62,306
- ▼ 37.3%
- Staff
- ≈ 0 FTE
- estimated
Turnover not published (micro format)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-01-2026 at the NBB all 3 filings
Equity
€47,694▼ 48.3%
2024 · €92,249
Total assets
€62,306▼ 37.3%
2024 · €99,404
Net result
-€44,555▼ 126%
2024 · -€19,687
Working capital
€47,694▲ 67.3%
2024 · €28,503
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€44,254
▼ 128%
2025
20232025
Net result
-€44,555
▼ 126%
2025
20232025
Equity
€47,694
▼ 48.3%
2025
20232025
Total assets
€62,306
▼ 37.3%
2025
20232025
Debt
€14,612
▲ 104%
2025
20232025
Working capital
€47,694
▲ 67.3%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€45,548--€19,418-€44,254▼ 128%
Net result€31,429--€19,687-€44,555▼ 126%
Equity€111,936-€92,249▼ 17.6%€47,694▼ 48.3%
Total assets€155,258-€99,404▼ 36.0%€62,306▼ 37.3%
Debt€43,322-€7,155▼ 83.5%€14,612▲ 104%
Working capital€33,639-€28,503▼ 15.3%€47,694▲ 67.3%
The operating result for 2025 is a loss of €44,254, larger than the loss of €19,418 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €62,306
Equity
€47,694 ▼ 48.3%
Debt
€14,612 ▲ 104%
Debt's share of the balance-sheet total rises from 7.2% to 23.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
4.26▼
2024 · 4.98
Debt to equity
0.31▲
2024 · 0.08
ROE
-93.4%▼
2024 · -21.3%
ROA
-71.5%▼
2024 · -19.8%
Debt ≤ 1 year
€14,612▲
2024 · €7,155
Income taxes
€160▲
2024 · €159
Staff costs
€135
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €87,806 | €1,711 | - |
| Depreciation and write-downs of the year | €8,096 | €17,818 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €135 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,096 | €17,818 | - | - |
| Other operating charges640/8 | €1,643 | €1,802 | €583 | ▼ 67.6% |
| Non-recurring operating charges66A | - | - | €22,696 | - |
| Gross operating margin9900 | €55,287 | €202 | -€20,840 | - |
| Operating profit (loss)9901 | €45,548 | -€19,418 | -€44,254 | ▼ 128% |
| Financial income75/76B | €100 | €22 | €2 | ▼ 90.4% |
| Recurring financial income75 | €100 | €22 | €2 | ▼ 90.4% |
| Financial charges65/66B | €136 | €131 | €143 | ▲ 9.0% |
| Recurring financial charges65 | €136 | €131 | €143 | ▲ 9.0% |
| Profit (loss) for the period before taxes9903 | €45,513 | -€19,527 | -€44,395 | ▼ 127% |
| Income taxes67/77 | €14,083 | €159 | €160 | ▲ 0.2% |
| Profit (loss) for the period9904 | €31,429 | -€19,687 | -€44,555 | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | €31,429 | -€19,687 | -€44,555 | ▼ 126% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €155,258 | €99,404 | €62,306 | ▼ 37.3% |
| Fixed assets21/28 | €79,853 | €63,746 | - | - |
| Tangible fixed assets22/27 | €79,853 | €63,746 | - | - |
| Furniture and vehicles24 | €79,853 | €63,746 | - | - |
| Current assets29/58 | €75,405 | €35,658 | €62,306 | ▲ 74.7% |
| Stocks and contracts in progress3 | €2,208 | - | - | - |
| Stocks30/36 | €2,208 | - | - | - |
| Amounts receivable within one year40/41 | €13,916 | €4,609 | €4,436 | ▼ 3.8% |
| Trade receivables40 | €97 | €2,033 | - | - |
| Other amounts receivable41 | €13,820 | €2,576 | €4,436 | ▲ 72.2% |
| Cash at bank and in hand54/58 | €59,280 | €31,049 | €57,870 | ▲ 86.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €155,258 | €99,404 | €62,306 | ▼ 37.3% |
| Equity10/15 | €111,936 | €92,249 | €47,694 | ▼ 48.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €87,820 | €87,820 | €87,820 | = |
| Distributable reserves133 | €87,820 | €87,820 | €87,820 | = |
| Profit (loss) carried forward14 | €14,116 | -€5,571 | -€50,126 | ▼ 800% |
| Amounts payable17/49 | €43,322 | €7,155 | €14,612 | ▲ 104% |
| Amounts payable within one year42/48 | €41,765 | €7,155 | €14,612 | ▲ 104% |
| Trade debts44 | €6,659 | €105 | €2,362 | ▲ 22× |
| Suppliers440/4 | €6,659 | €105 | €2,362 | ▲ 22× |
| Taxes, remuneration and social security45 | €24,964 | €2,483 | €10,978 | ▲ 342% |
| Taxes450/3 | €17,155 | €2,483 | €10,978 | ▲ 342% |
| Remuneration and social security454/9 | €7,809 | - | - | - |
| Other amounts payable47/48 | €10,143 | €4,566 | €1,272 | ▼ 72.1% |
| Accrued charges and deferred income492/3 | €1,557 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,429 | -€19,687 | -€44,555 | ▼ 126% |
| + Depreciation and write-downs630 | €8,096 | €17,818 | - | - |
| Operating cash flow (approximation) | €39,525 | -€1,868 | -€44,555 | ▼ 2,285% |
| Investment in fixed assets (approximation) | - | -€1,711 | - | - |
| Change in cash | - | -€28,231 | €26,821 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
No change since 2026
Owners and capital
Capital transactions
Capital over time
- 31-01-2024 Converted to unavailable equity
Mandate history
1 person, 0 in office
- Board
| Name | Functions and periods |
|---|---|
| VAN HERREWEGHE Giovanni |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, om welke reden en op welk ogenblik ook”
Articles of association, deed of 31-01-2024 (in Dutch)
Network & group
Connections & network
See the function holders in the KBO register.
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
05-05
Gazette deed
Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed · Books and records kept in Sint-Niklaas · Resignation: VAN HERREWEGHE Giovanni (director)3 points ▸
Gazette deed
Dissolution with immediate closure of the liquidation
Dissolved and wound up in a single deed · Books and records kept in Sint-Niklaas · Resignation: VAN HERREWEGHE Giovanni (director)3 points ▸
- Incorporation, 11-03-2004
- Director discharge, VAN HERREWEGHE Giovanni
- Director resignation, VAN HERREWEGHE Giovanni
- The deed holds 12 more points.
26-01
micro format · 186 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€44,555
The net result drops to -€44,555, the lowest from 2023 to 2025.
10-06
micro format · 51 days before the deadline
2024
31-12
Financial
Liquidity more than doubledcurrent ratio 4.98
The current ratio rises from 1.81 to 4.98. Short-term debt falls from €41,765 to €7,155.
28-10
Gazette deed
Registered office moved from Tielrode to Sint-NiklaasNew registered office: Smisstraat 37 B201, 9100 Sint-Niklaas · Previous registered office: Burmtiendestraat 87A, 9140 Tielrode (Temse)2 points ▸
Gazette deed
Registered office moved from Tielrode to Sint-Niklaas
New registered office: Smisstraat 37 B201, 9100 Sint-Niklaas · Previous registered office: Burmtiendestraat 87A, 9140 Tielrode (Temse)2 points ▸
- General meeting, 27-09-2024
- Registered-office move, Smisstraat 37 B201, 9100 Sint-Niklaas
11-06
micro format · 50 days before the deadline
31-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsAppointment: Van Herreweghe Giovanni (director)3 points ▸
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Appointment: Van Herreweghe Giovanni (director)3 points ▸
- Incorporation, 11-03-2004
- Director appointment, Van Herreweghe Giovanni
- Power of attorney, Tim VANDERSTEEN
- The deed holds 9 more points.
2004
24-03
12 publications in the Belgian Official Gazette, the last on 05-05-2026
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Dissolved and wound up
V.G. CONSTRUCT is no longer in the KBO register.
- Status
- Inactive
- Reason
- Dissolved and wound up in a single deedBelgian Official Gazette, 5 May 2026 · deed
- Last annual accounts
- financial year to 31 December 2025
- Last registered office
- Smisstraat 37 B201, 9140 Tielrodeas published on 5 May 2026
- Legal form
- Private limited company
- First annual accounts
- financial year 2023
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Onderneming voor timmer en schrijnwerk aan gebouwen; Onderneming voor het plaatsen van aluminium, hout en pvc ramen en deuren; Onderneming…”
4 activities
- Onderneming voor timmer en schrijnwerk aan gebouwen;
- Onderneming voor het plaatsen van aluminium, hout en pvc ramen en deuren.
- Onderneming voor het plaatsen van keukens en badkamers;
- Onderneming voor het uitvoeren van gyprocwerken;
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 18:00
Articles of association, deed of 31-01-2024 (in Dutch)