VAGOTRANS
ActiveSummary
The annual accounts of VAGOTRANS for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €30k and a net result of €-41k. Equity is shrinking by ~15.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 34% of 4603 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-2
Solvency48▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.35 against 2.95 in 2024; short-term debt: 76.9% and cash: 13.2% of total assets), and 76.9% 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
Sector 49
higher
← 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
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
23.1%
Return on assets
-31.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-41k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
6 d early
2023
29 d late
2022
3 d early
2021
30 d late
2020
31 d late
2019
92 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▼ 57.7%
2024 · €72k
2018: €189k
2019: €154k
2020: €101k
2021: €124k
2022: €160k
2023: €119k
2024: €72k
2018 → 2025
Total assets
€131k▼ 62.3%
2024 · €349k
2018: €993k
2019: €933k
2020: €817k
2021: €758k
2022: €669k
2023: €278k
2024: €349k
2018 → 2025
Net result
€-41k▲ 11.8%
2024 · €-47k
2018: €28k
2019: €-35k
2020: €-53k
2021: €23k
2022: €37k
2023: €-42k
2024: €-47k
2018 → 2025
Working capital
€-66k
2024 · €155k
2018: €-70k
2019: €-110k
2020: €-78k
2021: €-130k
2022: €-113k
2023: €52k
2024: €155k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€160k▲ 29.8%€119k▼ 26.1%€72k▼ 39.6%€30k▼ 57.7%
Operating result€28k-€43k▲ 57.5%€-34k€-45k▼ 33.1%€-38k▲ 15.8%
Net result€23k-€37k▲ 63.8%€-42k€-47k▼ 12.1%€-41k▲ 11.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €45k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131k
Fixed assets
€96k ▼ 16.3%
Current assets
€35k ▼ 84.9%
Equity and liabilities €131k
Equity
€30k ▼ 57.7%
Debt
€101k ▼ 63.5%
Debt's share of the balance-sheet total falls from 79.5% to 76.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▲
2024 · €-17k
Cash flow
€-13k▲
2024 · €-19k
Current ratio
0.35▼
2024 · 2.95
Debt to equity
3.34▼
2024 · 3.87
ROE
-136.4%▼
2024 · -65.4%
ROA
-31.5%▼
2024 · -13.4%
Interest coverage
-2.53▲
2024 · -5.68
Debt ≤ 1 year
€101k▲
2024 · €79k
Staff costs
€-967▼
2024 · €21k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€349k€131k▼
Fixed assets21/28€115k€96k▼
Tangible fixed assets22/27€100k€81k▼
Plant, machinery and equipment23-€9k
Furniture and vehicles24€100k€72k▼
Financial fixed assets28€15k€15k=
Current assets29/58€234k€35k▼
Amounts receivable within one year40/41€149k€18k▼
Trade receivables40€108k€9k▼
Other amounts receivable41€41k€9k▼
Cash at bank and in hand54/58€85k€17k▼
Equity and liabilities
Total equity and liabilities10/49€349k€131k▼
Equity10/15€72k€30k▼
Contributions10/11€19k€19k=
Reserves13€53k€53k=
Tax-exempt reserves132€36k€36k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14-€-41k
Amounts payable17/49€277k€101k▼
Amounts payable after more than one year17€198k-
Financial debts170/4€198k-
Other amounts payable178/9€0-
Amounts payable within one year42/48€79k€101k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€15k€1k▼
Suppliers440/4€15k€1k▼
Taxes, remuneration and social security45€2k€426▼
Taxes450/3€525€426▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€62k€99k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€21k€-967▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€29k▲
Other operating charges640/8€10k€1k▼
Non-recurring operating charges66A-€419
Gross operating margin9900€14k€-8k▼
Operating profit (loss)9901€-45k€-38k▲
Financial income75/76B€957-
Recurring financial income75€957-
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-47k€-41k▲
Profit (loss) for the period9904€-47k€-41k▲
Profit (loss) for the period to be appropriated9905€-47k€-41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-41k▲
Transfer from equity791/2€47k-
Social balance
Average headcount (FTE)90870.5-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 1.70
Current ratio from 0.75 to 1.70; short-term debt falls from €452k to €75k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €37k ▲63.8%
Operating result €43k, net result €37k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲29.8%
2 profitable years in a row build equity to €160k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
Show earlier events
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Herselt · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Roteinde(RAM) 992230 HerseltGround area
1,679 m²
Building footprint
138 m²
Volume, LiDAR
778 m³
Parcel 13034K0400/00C000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAGOTRANS
since 20182.275.460.048
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034K0400/00C000 | Flanders | 1,679 m² | 1 · 138 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 53 EUR awarded · 53 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 53 EUR | 53 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 996 companies in sector 49420 we hold annual accounts for 450. 315 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
49420Removal services
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.