V&G Projects
ActiveThe computed 12-month bankruptcy probability of V&G Projects is 2.3% (moderate). The 2025 annual accounts show equity of €3k and a net result of €-12k. Equity is shrinking by ~42.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 11% of 1273 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency18▼-34
Growth32=
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.17 against 1.32 in 2024), and 95.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 33
Relative position
BE, all sectors
reference
Sector 33
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
4.2%
Return on assets
-15.3%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€12k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1273 sector peers (2025).
NBB · sector comparisonPosition among 1273 sector peers
Solvency
better than 11%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
9 d early
2024
3 d early
2023
3 d early
2022
4 d early
2021
23 d early
← before the deadline
after the deadline →
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
07-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 78.5%
2024 · €15k
2021: €32k
2022: €64k
2023: €35k
2024: €15k
2021 → 2025
Total assets
€79k▲ 48.1%
2024 · €54k
2021: €104k
2022: €147k
2023: €103k
2024: €54k
2021 → 2025
Net result
€-12k▲ 37.0%
2024 · €-19k
2021: €29k
2022: €31k
2023: €-29k
2024: €-19k
2021 → 2025
Working capital
€10k▲ 100%
2024 · €5k
2021: €9k
2022: €32k
2023: €-17k
2024: €5k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€64k▲ 96.2%€35k▼ 45.5%€15k▼ 55.5%€3k▼ 78.5%
Operating result€42k-€35k▼ 17.2%€-26k€-21k▲ 20.9%€-23k▼ 10.1%
Net result€29k-€31k▲ 6.0%€-29k€-19k▲ 33.4%€-12k▲ 37.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €21k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€14k▼ 59.8%
Current assets
€66k▲ 238%
Equity and liabilities €79k
Equity
€3k▼ 78.5%
Debt
€76k▲ 99.4%
The debt ratio rises from 71.2% to 95.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-19k▼
2024 · €-7k
Cash flow
€-8k▼
2024 · €-5k
Solvency
4.2%▼
2024 · 28.8%
Current ratio
1.17▼
2024 · 1.32
Quick ratio
1.17▼
2024 · 1.31
Debt / equity
22.96▲
2024 · 2.47
ROE
-366.0%▼
2024 · -124.7%
ROA
-15.3%▲
2024 · -35.9%
Interest coverage
-6.10▼
2024 · -2.56
Debt
€76k▲
2024 · €38k
Debt ≤ 1 year
€56k▲
2024 · €15k
Debt > 1 year
€20k▼
2024 · €23k
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets20/58€54k€79k▲
Fixed assets21/28€34k€14k▼
Tangible fixed assets22/27€34k€14k▼
Current assets29/58€19k€66k▲
Stocks & contracts in progress3€189€189=
Amounts receivable within one year40/41€8k€53k▲
Cash & bank54/58€11k€12k▲
Total equity & liabilities10/49€54k€79k▲
Equity10/15€15k€3k▼
Contributions / capital10/11€3k€3k=
Reserves13€12k€313▼
Amounts payable17/49€38k€76k▲
Amounts payable after one year17€23k€20k▼
Amounts payable within one year42/48€15k€56k▲
Trade debts payable within one year44€2k€45k▲
Income statement
Code20242025
Gross operating margin9900€-6k€-16k▼
Operating result9901€-21k€-23k▼
Financial income75€209€110▼
Financial charges65€3k€3k▲
Result before taxes9903€-19k€-12k▲
Net result for the period9904€-19k€-12k▲
Result to be appropriated9905€-19k€-12k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 1.32
Current ratio from 0.32 to 1.32; short-term debt falls from €26k to €15k.
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
28-05
State Gazette act
Registered-office change
2023
31-12
Financial
Weakest financial yearnet €-29k ▼193%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
27-12
State Gazette act
Director changes
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €31k ▲6%
Net result €31k, the highest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-09-2023
Resigned as Director
Not every act has been read: a resignation may be missing here
3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kampenhout · 1 establishment unit since 2020
Ground area
1,008 m²
Building footprint
262 m²
Volume, LiDAR
1,044 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
V&G Projects
since 20202.300.458.829
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23055C0454/02D000 | Flanders | 574 m² | 1 · 138 m² | 11.5 m · 3 fl. |
| 23055D0210/00L000 | Flanders | 434 m² | 1 · 124 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
SMC OPTIC'S
BE 0799.414.711
Châtelet · Eq €3k
INFINITY REPAIR
BE 1015.948.306
Willebroek · Eq €4k
LUMEO
BE 1021.263.411
Ferrières · Eq €6k
EXPRES DEPANNAGE
BE 1009.011.420
Sint-Jans-Molenbeek · Eq €6k
OPTISOINS
BE 0762.519.869
Brussel · Eq €7k
Of 202 companies in sector 33130 we hold annual accounts for 77. 23 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2020
Fiscal year end31-12
Activities, NACEBEL
33130Repair, maintenance and installation of machinery and equipment
43211General electrical installation work
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
43212Electrical installation work in industrial facilities
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 09-08-2026. Scores and ratios are computed by Checked and are not a credit decision.