Vaigo
ActiveSummary
The annual accounts of Vaigo for fiscal year 2025 show a net loss of 2,537% of the equity at the start of that year. The 2025 annual accounts show equity of €62,858 and a net result of -€319,747. Equity is shrinking by ~12.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 13% of 8737 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency33▲+4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 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 ample (current ratio 2.08 against 1.15 in 2024; short-term debt: 30.8% and cash: 50.2% of total assets), but 92.4% of the assets are financed with debt.
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Signals
Five 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 · 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
7.6%
Return on assets
-38.8%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8737 sector peers (2025).
NBB · sector comparisonPosition among 8737 sector peers
Solvency
better than 13%
← 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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
28 d early
2023
92 d early
2022
70 d early
2021
68 d early
2020
43 d early
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€141,795
EBIT margin
-11.4%
Net result
-€319,747
2024 · €931,294
Working capital
€274,040▲ 582%
2024 · €40,162
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€284,364▲ 13.8%€180,087€710,455▲ 295%€1.3m▲ 76.0%-€301,112
Net result-€294,329below the sector's middle half▲ 12.5%€169,959above the sector's middle half€641,292above the sector's middle half▲ 277%€931,294above the sector's middle half▲ 45.2%-€319,747below the sector's middle half
EBIT margin
Equity-€120,195below the sector's middle half€274,664within the sector's middle half€915,956within the sector's middle half▲ 233%€12,605below the sector's middle half▼ 98.6%€62,858below the sector's middle half▲ 399%
Total assets€312,521below the sector's middle half▼ 65.0%€686,306within the sector's middle half▲ 120%€1.5mwithin the sector's middle half▲ 118%€309,572below the sector's middle half▼ 79.3%€825,081within the sector's middle half▲ 167%
Debt€432,716▼ 39.7%€411,641▼ 4.9%€576,983▲ 40.2%€296,967▼ 48.5%€762,223▲ 157%
Working capital-€84,792€175,901€913,963▲ 420%€40,162▼ 95.6%€274,040▲ 582%
Solvency-38.5%below the sector's middle half▼ 58.0pp40.0%within the sector's middle half▲ 78.5pp61.4%within the sector's middle half▲ 21.3pp4.1%below the sector's middle half▼ 57.3pp7.6%below the sector's middle half▲ 3.5pp
Staff (FTE)5.8within the sector's middle half▲ 11.5%4.3within the sector's middle half▼ 25.9%2.7within the sector's middle half▼ 37.2%2.9above the sector's middle half▲ 7.4%7.3above the sector's middle half▲ 152%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 turns negative in 2025: a loss of €301,112 after €1.3m in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €807,376
Fixed assets
€279,353 ▲ 3,283%
Current assets
€528,023 ▲ 75.2%
Equity and liabilities €825,081
Equity
€62,858 ▲ 399%
Debt
€762,223 ▲ 157%
Debt's share of the balance-sheet total falls from 95.9% to 92.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€293,100▼
2024 · €1.3m
Cash flow
-€311,735▼
2024 · €958,130
Current ratio
2.08▲
2024 · 1.15
Debt to equity
12.13▼
2024 · 23.56
ROE
-508.7%
ROA
-38.8%▼
2024 · 300.8%
Interest coverage
-15.70▼
2024 · 215.80
Debt ≤ 1 year
€253,982▼
2024 · €261,153
Debt > 1 year
€490,808
Income taxes
-€19▼
2024 · €313,245
Staff costs
€791,629▲
2024 · €379,581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 644 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
5.4%
stopped otherwise
90%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 644 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1.3m | €314 | ▼ 100.0% |
| Remuneration, social security and pensions62 | €542,658 | €449,293 | €317,901 | €379,581 | €791,629 | ▲ 109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €127,012 | €127,758 | €74,841 | €26,836 | €8,012 | ▼ 70.1% |
| Other operating charges640/8 | €2,022 | €1,456 | €450 | €387 | €2,073 | ▲ 435% |
| Non-recurring operating charges66A | - | - | - | €21,984 | €385 | ▼ 98.2% |
| Gross operating margin9900 | €387,328 | €758,594 | €1.1m | €1.7m | €500,987 | ▼ 70.2% |
| Operating profit (loss)9901 | -€284,364 | €180,087 | €710,455 | €1.3m | -€301,112 | ▼ 124% |
| Financial income75/76B | €1,037 | €88 | €65 | €139 | €18 | ▼ 86.8% |
| Recurring financial income75 | €1,037 | €88 | €65 | €139 | €18 | ▼ 86.8% |
| Financial charges65/66B | €11,002 | €10,216 | €7,227 | €5,918 | €18,673 | ▲ 216% |
| Recurring financial charges65 | €11,002 | €10,216 | €7,227 | €5,918 | €18,673 | ▲ 216% |
| Profit (loss) for the period before taxes9903 | -€294,329 | €169,959 | €703,292 | €1.2m | -€319,766 | ▼ 126% |
| Income taxes67/77 | - | - | €62,000 | €313,245 | -€19 | ▼ 100% |
| Profit (loss) for the period9904 | -€294,329 | €169,959 | €641,292 | €931,294 | -€319,747 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | -€294,329 | €169,959 | €641,292 | €931,294 | -€319,747 | ▼ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,521 | €686,306 | €1.5m | €309,572 | €825,081 | ▲ 167% |
| Formation expenses20 | - | - | - | - | €17,705 | - |
| Fixed assets21/28 | €228,501 | €103,542 | €29,644 | €8,258 | €279,353 | ▲ 3,283% |
| Intangible fixed assets21 | €209,520 | €91,007 | €22,312 | €6,213 | €264,857 | ▲ 4,163% |
| Tangible fixed assets22/27 | €18,830 | €12,385 | €6,239 | €953 | €13,255 | ▲ 1,291% |
| Plant, machinery and equipment23 | €18,271 | €12,043 | €6,115 | €953 | €10,760 | ▲ 1,029% |
| Furniture and vehicles24 | €560 | €342 | €124 | €0 | €2,495 | - |
| Financial fixed assets28 | €150 | €150 | €1,092 | €1,092 | €1,242 | ▲ 13.7% |
| Current assets29/58 | €84,020 | €582,763 | €1.5m | €301,315 | €528,023 | ▲ 75.2% |
| Amounts receivable within one year40/41 | €35,451 | €351,497 | €907,484 | €154,173 | €50,768 | ▼ 67.1% |
| Trade receivables40 | €35,451 | €351,497 | €900,432 | €120,982 | €35,480 | ▼ 70.7% |
| Other amounts receivable41 | - | - | €7,052 | €33,191 | €15,288 | ▼ 53.9% |
| Cash at bank and in hand54/58 | €44,339 | €217,760 | €530,838 | €110,851 | €414,082 | ▲ 274% |
| Deferred charges and accrued income490/1 | €4,231 | €13,507 | €24,974 | €36,290 | €63,173 | ▲ 74.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,521 | €686,306 | €1.5m | €309,572 | €825,081 | ▲ 167% |
| Equity10/15 | -€120,195 | €274,664 | €915,956 | €12,605 | €62,858 | ▲ 399% |
| Contributions10/11 | €568,600 | €793,500 | €793,500 | €30,000 | €400,000 | ▲ 1,233% |
| Reserves13 | - | - | €122,456 | €0 | - | - |
| Distributable reserves133 | - | - | €122,456 | €0 | - | - |
| Profit (loss) carried forward14 | -€688,795 | -€518,836 | €0 | -€17,395 | -€337,142 | ▼ 1,838% |
| Amounts payable17/49 | €432,716 | €411,641 | €576,983 | €296,967 | €762,223 | ▲ 157% |
| Amounts payable after more than one year17 | €261,011 | €2,779 | €0 | - | €490,808 | - |
| Financial debts170/4 | €261,011 | €2,779 | €0 | - | €490,808 | - |
| Amounts payable within one year42/48 | €168,813 | €406,863 | €549,333 | €261,153 | €253,982 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | €33,333 | €33,333 | €2,778 | €0 | €9,192 | - |
| Trade debts44 | €53,175 | €64,175 | €175,652 | €133,213 | €120,552 | ▼ 9.5% |
| Suppliers440/4 | €53,175 | €64,175 | €175,652 | €133,213 | €120,552 | ▼ 9.5% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €64,001 | €58,265 | €119,859 | €127,940 | €124,238 | ▼ 2.9% |
| Taxes450/3 | €24,333 | €19,132 | €96,025 | €77,818 | €19,603 | ▼ 74.8% |
| Remuneration and social security454/9 | €39,668 | €39,133 | €23,834 | €50,122 | €104,635 | ▲ 109% |
| Other amounts payable47/48 | €18,304 | €251,091 | €251,045 | €0 | - | - |
| Accrued charges and deferred income492/3 | €2,892 | €2,000 | €27,650 | €35,815 | €17,433 | ▼ 51.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€294,329 | €169,959 | €641,292 | €931,294 | -€319,747 | ▼ 134% |
| + Depreciation and write-downs630 | €127,012 | €127,758 | €74,841 | €26,836 | €8,012 | ▼ 70.1% |
| Operating cash flow (approximation) | -€167,317 | €297,718 | €716,133 | €958,130 | -€311,735 | ▼ 133% |
| Investment in fixed assets (approximation) | - | -€2,800 | -€942 | -€5,450 | -€279,107 | ▼ 5,021% |
| Change in cash | - | €173,421 | €313,078 | -€419,987 | €303,231 | ▲ 172% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €931,294 ▲45.2%
Operating result €1.3m, net result €931,294, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €915,956 ▲233%
2 profitable years in a row build equity to €915,956.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €169,959
Net result €169,959 after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.43
Current ratio from 0.50 to 1.43.
31-12
Financial
Equity above €200,000Eq €274,664
Equity rises from -€120,195 to €274,664.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€336,487
Net result drops to -€336,487, the lowest in the series; recovery starts the following year.
Show earlier events
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Leuven · 1 establishment unit since 2015
Ground area
4.6 ha
Building footprint
1,320 m²
Volume, LiDAR
18,517 m³
Parcel 24062H0036/00L013, Flanders · tallest building 22.3 m, ±5 floors. Linked by address, not a title deed.
50
companies at this address
See who is registered here
1 establishment unit
Vaigo
since 20152.238.585.992
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062H0036/00L013 | Flanders | 4.6 ha | 1 · 1,320 m² | 22.3 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerChain of control
- MOBILITY INVEST
- Vaigo
Highest known parent: MOBILITY INVEST. The sources do not say who stands above it.
Owners 1
- MOBILITY INVESTparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 50,241 EUR awarded · 241 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 50,241 EUR | 241 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 39,222 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
Founded07-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
63920Other information service activities
82100Office administrative and support services
82400Office administrative, office support and other business support activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568470181
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.