VBG
ActiveVBG has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €597k and a net result of €1k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-8
Solvency72▼-20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.37 against 2.42 in 2024; short-term debt: 8.8% and cash: 0.9% of total assets), and 53.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
46.7%
Return on assets
0.1%
Age of the figures
9 mo
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 filingsDeviation from the deadline
2025
102 d early
2024
143 d early
2023
125 d early
2022
68 d early
2021
153 d early
2020
120 d early
2019
21 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€597k▼ 7.0%
2024 · €642k
2018: €444k
2019: €448k
2020: €532k
2021: €558k
2022: €570k
2023: €580k
2024: €642k
2018 → 2025
Total assets
€1.28M▲ 32.8%
2024 · €962k
2018: €1.27M
2019: €1.29M
2020: €1.00M
2021: €1.04M
2022: €990k
2023: €938k
2024: €962k
2018 → 2025
Net result
€1k▼ 98.3%
2024 · €62k
2018: €12k
2019: €3k
2020: €84k
2021: €26k
2022: €12k
2023: €9k
2024: €62k
2018 → 2025
Working capital
€-71k
2024 · €132k
2018: €-107k
2019: €-55k
2020: €42k
2021: €87k
2022: €74k
2023: €42k
2024: €132k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€558k-€570k▲ 2.2%€580k▲ 1.6%€642k▲ 10.7%€597k▼ 7.0%
Operating result€45k-€28k▼ 36.7%€36k▲ 28.2%€105k▲ 190%€15k▼ 85.8%
Net result€26k-€12k▼ 52.2%€9k▼ 24.1%€62k▲ 560%€1k▼ 98.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.28M
Fixed assets
€1.24M▲ 67.8%
Current assets
€42k▼ 81.4%
Equity and liabilities €1.28M
Equity
€597k▼ 7.0%
Debt
€682k▲ 113%
The debt ratio rises from 33.3% to 53.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€85k▼
2024 · €170k
Cash flow
€71k▼
2024 · €127k
Solvency
46.7%▼
2024 · 66.7%
Current ratio
0.37▼
2024 · 2.42
Quick ratio
0.37▼
2024 · 2.41
Debt / equity
1.14▲
2024 · 0.50
ROE
0.2%▼
2024 · 9.7%
ROA
0.1%▼
2024 · 6.4%
Interest coverage
7.00▼
2024 · 15.41
Debt
€682k▲
2024 · €321k
Debt ≤ 1 year
€113k▲
2024 · €93k
Debt > 1 year
€569k▲
2024 · €227k
Income taxes
€3k▼
2024 · €36k
Staff costs
€62k▲
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€962k€1.28M▲
Fixed assets21/28€737k€1.24M▲
Tangible fixed assets22/27€737k€1.24M▲
Land and buildings22€656k€1.16M▲
Plant, machinery and equipment23€36k€31k▼
Furniture and vehicles24€31k€30k▼
Leasing and similar rights25€12k€7k▼
Other tangible fixed assets26€1k€10k▲
Financial fixed assets28€230€230=
Current assets29/58€225k€42k▼
Stocks and contracts in progress3€1,000€691▼
Stocks30/36€1,000€691▼
Amounts receivable within one year40/41€94k€16k▼
Trade receivables40€13k€14k▲
Other amounts receivable41€81k€2k▼
Current investments50/53€112k€12k▼
Cash at bank and in hand54/58€12k€11k▼
Deferred charges and accrued income490/1€6k€1k▼
Equity and liabilities
Total equity and liabilities10/49€962k€1.28M▲
Equity10/15€642k€597k▼
Contributions10/11€19k€19k=
Reserves13€623k€578k▼
Distributable reserves133€623k€578k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€321k€682k▲
Amounts payable after more than one year17€227k€569k▲
Financial debts170/4€227k€569k▲
Amounts payable within one year42/48€93k€113k▲
Current portion of amounts payable after more than one year42€34k€55k▲
Financial debts43€10k€5k▼
Credit institutions430/8€10k€5k▼
Trade debts44€13k€21k▲
Suppliers440/4€13k€21k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€36k€25k▼
Taxes450/3€29k€17k▼
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48-€6k
Income statement
Code20242025
Remuneration, social security and pensions62€53k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€70k▲
Other operating charges640/8€6k€64k▲
Gross operating margin9900€229k€211k▼
Operating profit (loss)9901€105k€15k▼
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€11k€12k▲
Recurring financial charges65€11k€12k▲
Profit (loss) for the period before taxes9903€98k€4k▼
Income taxes67/77€36k€3k▼
Profit (loss) for the period9904€62k€1k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€62k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€1k▼
Transfer from equity791/2-€46k
Transfer to equity691/2€62k€1k▼
To other reserves6921€62k€1k▼
Profit to be distributed694/7-€46k
Return on contributions (dividend)694-€46k
The notes to these accounts (12 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
28-07
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 16/06/2026
- Registered-office move, Lippenslaan 231 bus 4.1 8300 Knokke
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €1k ▼98.3%
Net result drops to €1k, the lowest in the series.
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €84k ▲2418%
Net result €84k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.23
Current ratio from 0.49 to 1.23.
31-12
Financial
Equity above €500kEq €532k ▲18.8%
3 profitable years in a row build equity to €532k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1998
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.
Lippenslaan 2318300 Knokke-HeistGround area
175 m²
Building footprint
153 m²
Volume, LiDAR
2,371 m³
Parcel 31013A0926/00_000, Flanders · tallest building 26.7 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Lippenslaan 231, 8300 Knokke-Heist
since 19982.084.520.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0926/00_000 | Flanders | 175 m² | 1 · 153 m² | 26.7 m · 7 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 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 2,210 companies in sector 47711 we hold annual accounts for 889. 482 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-1997
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
52423
56101Full-service restaurants
56111Full-service restaurants
62900Other information technology and computer services
72600
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.