VA Group
ActiveSummary
VA Group has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €7k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 38% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-15
Solvency52▼-18
Growth22=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.84 in 2024; short-term debt: 71% of total assets), and 72.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.3%
Return on assets
1.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €99k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
53 d late
2024
on the day
2023
365 d late
2022
82 d early
2021
63 d late
2020
86 d late
2019
109 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€159k▲ 264%
2023 · €44k
2018: €638khighest in 7 years
2019: €621k▼ -2.8% vs 2018
2020: €521k▼ -16.0% vs 2019
2021: €423k▼ -18.9% vs 2020
2022: €363k▼ -14.0% vs 2021
2023: €44k▼ -88.0% vs 2022lowest in 7 years
2024: €159k▲ +264% vs 2023
2018 → 2024
EBIT margin
8.8%▲ 19.1pp
2023 · -10.2%
2018: 3.7%
2019: 2.4%▼ -35.2% vs 2018
2020: -0.1%▼ -105% vs 2019
2021: -6.2%▼ -4980% vs 2020
2022: 3.8%▲ +161% vs 2021
2023: -10.2%▼ -368% vs 2022lowest in 7 years
2024: 8.8%▲ +187% vs 2023highest in 7 years
2018 → 2024
Net result
€7k▲ 301%
2024 · €2k
2018: €10k
2019: €8k▼ -17.0% vs 2018
2020: €-2k▼ -128% vs 2019
2021: €-27k▼ -1098% vs 2020lowest in 8 years
2022: €12k▲ +143% vs 2021highest in 8 years
2023: €-12k▼ -205% vs 2022
2024: €2k▲ +113% vs 2023
2025: €7k▲ +301% vs 2024
2018 → 2025
Working capital
€99k▲ 9.2%
2024 · €91k
2018: €9klowest in 8 years
2019: €43k▲ +409% vs 2018
2020: €87k▲ +100% vs 2019
2021: €74k▼ -14.5% vs 2020
2022: €101k▲ +35.6% vs 2021highest in 8 years
2023: €79k▼ -22.0% vs 2022
2024: €91k▲ +15.9% vs 2023
2025: €99k▲ +9.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€423k-€363k▼ 14.0%€44k▼ 88.0%€159k▲ 264%
2021: €423khighest in 4 years
2022: €363k▼ -14.0% vs 2021
2023: €44k▼ -88.0% vs 2022lowest in 4 years
2024: €159k▲ +264% vs 2023
Equity€89k-€101k▲ 13.1%€89k▼ 12.1%€92k▲ 4.0%€99k▲ 7.1%
2021: €89k
2022: €101k▲ +13.1% vs 2021highest in 5 years
2023: €89k▼ -12.1% vs 2022lowest in 5 years
2024: €92k▲ +4.0% vs 2023
2025: €99k▲ +7.1% vs 2024
Operating result€-26k-€14k€-4k€14k€3k▼ 77.0%
2021: €-26klowest in 5 years
2022: €14k▲ +152% vs 2021
2023: €-4k▼ -132% vs 2022
2024: €14k▲ +416% vs 2023highest in 5 years
2025: €3k▼ -77.0% vs 2024
Net result€-27k-€12k€-12k€2k€7k▲ 301%
2021: €-27klowest in 5 years
2022: €12k▲ +143% vs 2021highest in 5 years
2023: €-12k▼ -205% vs 2022
2024: €2k▲ +113% vs 2023
2025: €7k▲ +301% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363k
Fixed assets
€6k ▼ 23.9%
Current assets
€357k ▲ 79.2%
Equity and liabilities €363k
Equity
€99k ▲ 7.1%
Debt
€264k ▲ 130%
Debt's share of the balance-sheet total rises from 55.4% to 72.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▼
2024 · €18k
Cash flow
€13k▲
2024 · €6k
Current ratio
1.39▼
2024 · 1.84
Debt to equity
2.67▲
2024 · 1.24
ROE
6.7%▲
2024 · 1.8%
ROA
1.8%▲
2024 · 0.8%
Interest coverage
0.80▼
2024 · 1.46
Debt ≤ 1 year
€257k▲
2024 · €108k
Income taxes
€2k
Staff costs
€120k▲
2024 · €48k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€207k€363k▲
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€2k€2k=
Current assets29/58€199k€357k▲
Amounts receivable after more than one year29-€93k
Other amounts receivable291-€93k
Amounts receivable within one year40/41€198k€261k▲
Trade receivables40€113k€221k▲
Other amounts receivable41€86k€40k▼
Cash at bank and in hand54/58€814-
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€207k€363k▲
Equity10/15€92k€99k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€70k€77k▲
Amounts payable17/49€115k€264k▲
Amounts payable within one year42/48€108k€257k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€75k€78k▲
Credit institutions430/8€75k€78k▲
Trade debts44-€58k
Suppliers440/4-€58k
Advances received on contracts in progress46-€48k
Taxes, remuneration and social security45€29k€67k▲
Taxes450/3€22k€38k▲
Remuneration and social security454/9€7k€29k▲
Other amounts payable47/48-€1k
Accrued charges and deferred income492/3€6k€6k=
Income statement
Code20242025
Turnover70€159k-
Goods, raw materials, services and sundry goods60/61€93k-
Remuneration, social security and pensions62€48k€120k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Other operating charges640/8€412€6k▲
Gross operating margin9900€66k€137k▲
Operating profit (loss)9901€14k€3k▼
Financial income75/76B€0€18k▲
Recurring financial income75€0€18k▲
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€2k€9k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€2k€7k▲
Profit (loss) for the period to be appropriated9905€2k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€77k▲
Profit (loss) brought forward from the previous period14P€69k€70k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €423k | €363k | €44k | €159k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €242k | €243k | €28k | €93k | - | - |
| Remuneration, social security and pensions62 | €188k | €166k | €15k | €48k | €120k | ▲ 152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €4k | €3k | €4k | €7k | ▲ 65.0% |
| Other operating charges640/8 | €2k | €11k | €2k | €412 | €6k | ▲ 1,452% |
| Gross operating margin9900 | €196k | €195k | €16k | €66k | €137k | ▲ 106% |
| Operating profit (loss)9901 | €-26k | €14k | €-4k | €14k | €3k | ▼ 77.0% |
| Financial income75/76B | €0 | €0 | - | €0 | €18k | ▲ 61,589,833% |
| Recurring financial income75 | €0 | €0 | - | €0 | €18k | ▲ 61,589,833% |
| Financial charges65/66B | €1k | €2k | €8k | €12k | €13k | ▲ 1.5% |
| Recurring financial charges65 | €1k | €2k | €8k | €12k | €13k | ▲ 1.5% |
| Profit (loss) for the period before taxes9903 | €-27k | €12k | €-12k | €2k | €9k | ▲ 453% |
| Income taxes67/77 | - | - | - | - | €2k | - |
| Profit (loss) for the period9904 | €-27k | €12k | €-12k | €2k | €7k | ▲ 301% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €12k | €-12k | €2k | €7k | ▲ 301% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183k | €188k | €166k | €207k | €363k | ▲ 75.4% |
| Fixed assets21/28 | €32k | €6k | €12k | €8k | €6k | ▼ 23.9% |
| Tangible fixed assets22/27 | €30k | €4k | €9k | €5k | €3k | ▼ 34.3% |
| Furniture and vehicles24 | €23k | €304 | €9k | €5k | €3k | ▼ 34.3% |
| Leasing and similar rights25 | €7k | €3k | €0 | - | - | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €151k | €182k | €155k | €199k | €357k | ▲ 79.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €93k | - |
| Other amounts receivable291 | - | - | - | - | €93k | - |
| Amounts receivable within one year40/41 | €128k | €176k | €154k | €198k | €261k | ▲ 31.7% |
| Trade receivables40 | €104k | €149k | €102k | €113k | €221k | ▲ 95.7% |
| Other amounts receivable41 | €24k | €27k | €52k | €86k | €40k | ▼ 53.0% |
| Cash at bank and in hand54/58 | €13k | €2k | €854 | €814 | - | - |
| Deferred charges and accrued income490/1 | €9k | €4k | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183k | €188k | €166k | €207k | €363k | ▲ 75.4% |
| Equity10/15 | €89k | €101k | €89k | €92k | €99k | ▲ 7.1% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €67k | €79k | €67k | €70k | €77k | ▲ 9.4% |
| Amounts payable17/49 | €93k | €87k | €78k | €115k | €264k | ▲ 130% |
| Amounts payable after more than one year17 | €16k | €5k | €0 | - | - | - |
| Financial debts170/4 | €16k | €5k | €0 | - | - | - |
| Amounts payable within one year42/48 | €76k | €81k | €76k | €108k | €257k | ▲ 138% |
| Current portion of amounts payable after more than one year42 | €36k | €31k | €10k | €5k | €5k | ▲ 11.5% |
| Financial debts43 | - | - | €57k | €75k | €78k | ▲ 3.5% |
| Credit institutions430/8 | - | - | €57k | €75k | €78k | ▲ 3.5% |
| Trade debts44 | €16k | €6k | - | - | €58k | - |
| Suppliers440/4 | €16k | €6k | - | - | €58k | - |
| Advances received on contracts in progress46 | - | - | - | - | €48k | - |
| Taxes, remuneration and social security45 | €18k | €32k | €9k | €29k | €67k | ▲ 134% |
| Taxes450/3 | €300 | €19k | €5k | €22k | €38k | ▲ 73.7% |
| Remuneration and social security454/9 | €18k | €12k | €3k | €7k | €29k | ▲ 325% |
| Other amounts payable47/48 | €6k | €12k | - | - | €1k | - |
| Accrued charges and deferred income492/3 | €534 | €425 | €2k | €6k | €6k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €12k | €-12k | €2k | €7k | ▲ 301% |
| + Depreciation and write-downs630 | €32k | €4k | €3k | €4k | €7k | ▲ 65.0% |
| Operating cash flow (approximation) | €4k | €15k | €-9k | €6k | €13k | ▲ 132% |
| Investment in fixed assets (approximation) | - | €22k | €-9k | €0 | €-5k | - |
| Change in cash | - | €-11k | €-1k | €-40 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 365 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €101k ▲13.1%
Equity rises from €89k to €101k.
02-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 63 days late
2021
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 86 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 109 days late
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 41 days late
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 70 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 acts for this company are 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, Brussel · 1 establishment unit since 2011
Ground area
3,627 m²
Building footprint
2,163 m²
Volume, LiDAR
17,347 m³
Parcel 21821C0148/00P000, Brussels · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
1 establishment unit
VA Group
since 20112.198.174.012
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0148/00P000 | Brussels | 3,627 m² | 1 · 2,163 m² | 16.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,342 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
Scores and ratios are computed by Checked and are not a credit decision.