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VBG

Active
Private limited companyfounded 1997active for 29 yearsLippenslaan 231, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0461.570.639
Summary

VBG has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €596,942 and a net result of €1,045. Equity has been growing by about 4.8% per year since 2018. Its solvency ranks better than 62% of 22,774 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 01-10-1997 Normal situation
Activity
Retail sale of women's outerwear NACE 47711and 2 others
Joint committee
302 Paritair Comité voor het hotelbedrijf · annual accounts 2025
Establishment unit
2.084.520.991 8300 Knokke-Heist, since 10-04-1998
Financial year end
31 December
Peppol
Reachable since 25-06-2025

Board and ownership

Board
  • Verbruggen PatrickDirector · since 29-09-1997
  • Verbeeck PatriciaDirector · since 01-07-2012

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€210,829
▼ 7.8%
Turnover
≈ €670,000
estimated
Profit
€1,045
▼ 98.3%
Equity
€596,942
▼ 7.0%
Total assets
€1.3m
▲ 32.8%
Employees on 31-12-2025
2
=
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.37, cash €11,331lowers riskSize: total assets €1.3mFigures for financial year 2025 (filed on 21-04-2026)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 49% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency 72-20
equity 46.7% of total assets
Liquidity 51-1
short-term debt 8.8% · cash 0.9%
Profitability 69-8
return on assets 0.1%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026highest value 11-2026: 0.3%● unchanged vs 10-2026highest value
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.37 (2.42 in 2024), below 1. Short-term debt is 8.8% and cash 0.9% of total assets. 53.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 61% of them on solvency, 55% on liquidity, 49% on profitability and 29% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €1.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 21-04-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.37, cash €11,331
NBB · annual accounts
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 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
102 days early
2024
143 days early
2023
125 days early
2022
68 days early
2021
153 days early
2020
120 days early
2019
21 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 105 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 March (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from €62,041 to €1,045 ▼ 98.3% View
  • Positive: More equity than 95% of companies in retail tradesector median €41,218 · 22,816 companies €596,942 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €1,045 8 years View

Recent changes

  1. · Gazette deed Registered office moved from Kapelle-Op-Den-Bos to KnokkeNew seat: Lippenslaan 231 bus 4.1 8300 Knokke · Previous seat: Mechelseweg 144 - 1880 Kapelle-Op-Den-Bos
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as VBG: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €884,000 and €1.7m, founded between 1987 and 2001.

CompanyTotal assetsGross margin
VBG Knokke-Heist€1.3m€0.2m
N-L Incourt€1.3m€0.2m
VYVANT Harelbeke€1.7m€0.2m
BOETIEK CHRISTI Zonnebeke€0.9m€0.2m
JOFRE INTERNATIONAL Brugge€1.1m€0.2m
EDOUARD COUTURE Oostende€0.9m€0.2m
Palms - Jans Lummen€1.3m€0.2m
Full comparison

Key facts about VBG

What is the company number of VBG?
The company number of VBG is 0461.570.639. The VAT number is the same number with BE in front: BE 0461.570.639.
Where is VBG based?
The registered office is at Lippenslaan 231, 8300 Knokke-Heist.Company details
What does VBG do?
According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
What is the legal form of VBG?
The legal form of VBG is Private limited company (BV).
When was VBG founded?
VBG was founded on 01-10-1997.
Is VBG still active?
Yes, VBG is an active enterprise in the KBO register.
How many employees does VBG have?
VBG had an average of 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does VBG fall under?
In its 2025 annual accounts, VBG states joint committee 302 (Paritair Comité voor het hotelbedrijf).
What is the turnover of VBG?
The turnover in financial year 2025 is ≈ €670,000. This figure is estimated from the gross margin of €210,829 and 32 comparable companies (NACE 477). It probably lies between €460,000 and €1.3m.
Is VBG profitable?
In financial year 2025, VBG made a profit of €1,045.
Where can I find the annual accounts of VBG?
VBG filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VBG due?
VBG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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