VAGO
ActiveSummary
VAGO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €-2k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-34
Solvency97▼-3
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.38 against 9.91 in 2024; short-term debt: 14.1% and cash: 25.3% of total assets), and 27.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
28 d late
2024
34 d early
2023
12 d early
2022
33 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€176k▼ 1.2%
2024 · €178k
Total assets
€242k▲ 26.6%
2024 · €191k
Net result
€-2k
2024 · €37k
Working capital
€81k▼ 32.9%
2024 · €121k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€68k-€110k▲ 61.5%€94k▼ 14.0%€106k▲ 12.9%
Net result€53k-€85k▲ 58.6%€37k▼ 56.3%€-2k
Equity€56k-€141k▲ 150%€178k▲ 26.2%€176k▼ 1.2%
Total assets€117k-€205k▲ 75.8%€191k▼ 6.7%€242k▲ 26.6%
Debt€60k-€64k▲ 6.5%€14k▼ 78.8%€67k▲ 390%
Working capital€-14k-€78k€121k▲ 56.2%€81k▼ 32.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242k
Fixed assets
€127k ▲ 125%
Current assets
€116k ▼ 14.3%
Equity and liabilities €242k
Equity
€176k ▼ 1.2%
Debt
€67k ▲ 390%
Debt's share of the balance-sheet total rises from 7.1% to 27.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€116k▲
2024 · €102k
Cash flow
€7k▼
2024 · €45k
Current ratio
3.38▼
2024 · 9.91
Debt to equity
0.38▲
2024 · 0.08
ROE
-1.3%▼
2024 · 20.8%
ROA
-0.9%▼
2024 · 19.3%
Interest coverage
1.08▼
2024 · 2.21
Debt ≤ 1 year
€34k▲
2024 · €14k
Debt > 1 year
€33k
Income taxes
€906▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €8k | €10k | ▲ 24.8% |
| Other operating charges640/8 | €1k | €2k | €1k | €1k | ▲ 3.1% |
| Gross operating margin9900 | €74k | €119k | €103k | €117k | ▲ 13.7% |
| Operating profit (loss)9901 | €68k | €110k | €94k | €106k | ▲ 12.9% |
| Financial income75/76B | - | €0 | €0 | €13 | ▲ 6,124% |
| Recurring financial income75 | - | €0 | €0 | €13 | ▲ 6,124% |
| Financial charges65/66B | €32 | €154 | €46k | €108k | ▲ 134% |
| Recurring financial charges65 | €32 | €154 | €46k | €108k | ▲ 134% |
| Profit (loss) for the period before taxes9903 | €68k | €109k | €48k | €-1k | ▼ 103% |
| Income taxes67/77 | €14k | €25k | €11k | €906 | ▼ 92.0% |
| Profit (loss) for the period9904 | €53k | €85k | €37k | €-2k | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €53k | €85k | €37k | €-2k | ▼ 106% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €117k | €205k | €191k | €242k | ▲ 26.6% |
| Fixed assets21/28 | €71k | €63k | €56k | €127k | ▲ 125% |
| Intangible fixed assets21 | €71k | €63k | €56k | €48k | ▼ 13.5% |
| Tangible fixed assets22/27 | - | - | €764 | €39k | ▲ 4,948% |
| Plant, machinery and equipment23 | - | - | - | €32k | - |
| Furniture and vehicles24 | - | - | €764 | €6k | ▲ 736% |
| Financial fixed assets28 | - | - | - | €40k | - |
| Current assets29/58 | €46k | €142k | €135k | €116k | ▼ 14.3% |
| Amounts receivable within one year40/41 | €28k | €49k | €27k | €54k | ▲ 103% |
| Trade receivables40 | €23k | €48k | €13k | €42k | ▲ 220% |
| Other amounts receivable41 | €6k | €694 | €14k | €13k | ▼ 7.6% |
| Cash at bank and in hand54/58 | €17k | €93k | €108k | €61k | ▼ 43.3% |
| Deferred charges and accrued income490/1 | €440 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €117k | €205k | €191k | €242k | ▲ 26.6% |
| Equity10/15 | €56k | €141k | €178k | €176k | ▼ 1.2% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €53k | €138k | €175k | €173k | ▼ 1.3% |
| Amounts payable17/49 | €60k | €64k | €14k | €67k | ▲ 390% |
| Amounts payable after more than one year17 | - | - | - | €33k | - |
| Financial debts170/4 | - | - | - | €33k | - |
| Amounts payable within one year42/48 | €60k | €64k | €14k | €34k | ▲ 151% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5k | - |
| Trade debts44 | €5k | €43k | €939 | €3k | ▲ 265% |
| Suppliers440/4 | €5k | €43k | €939 | €3k | ▲ 265% |
| Taxes, remuneration and social security45 | €16k | €16k | €13k | €15k | ▲ 19.2% |
| Taxes450/3 | €12k | €11k | €11k | €11k | ▲ 3.2% |
| Remuneration and social security454/9 | €4k | €4k | €2k | €4k | ▲ 105% |
| Other amounts payable47/48 | €40k | €5k | - | €11k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €85k | €37k | €-2k | ▼ 106% |
| + Depreciation and write-downs630 | €5k | €8k | €8k | €10k | ▲ 24.8% |
| Operating cash flow (approximation) | €59k | €92k | €45k | €7k | ▼ 83.6% |
| Investment in fixed assets (approximation) | - | €0 | €-900 | €-80k | ▼ 8,771% |
| Change in cash | - | €76k | €15k | €-47k | ▼ 409% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 9.91
Current ratio from 2.21 to 9.91; short-term debt falls from €64k to €14k.
31-12
Financial
Equity above €150kEq €178k ▲26.2%
3 profitable years in a row build equity to €178k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €85k ▲58.6%
Operating result €110k, net result €85k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.21
Current ratio from 0.76 to 2.21.
31-12
Financial
Equity above €100kEq €141k ▲150%
2 profitable years in a row build equity to €141k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Namur · 1 establishment unit since 2022
Ground area
555 m²
Building footprint
154 m²
Volume, LiDAR
1,518 m³
2 parcels, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VAGO
since 20222.332.478.925
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92302G0306/00V002 | Wallonia | 342 m² | 1 · 99 m² | 11.7 m · 3 fl. |
| 92302G0027/00D004 | Wallonia | 213 m² | 1 · 55 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900UBNM38CGCDC005
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 40,648 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
Founded14-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
julie.valette@architectures.be
Phone
+32486546449
Scores and ratios are computed by Checked and are not a credit decision.