VBG
ActiveVBG has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €-6k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 7684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
15
/ 100
Critical▼ -41 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency4▼-11
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.61 in 2024), and 93.5% 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.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
6.5%
Return on assets
-0.9%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 7684 sector peers (2025).
NBB · sector comparisonPosition among 7684 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 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 · 9 filingsDeviation from the deadline
2025
27 d late
2024
67 d late
2023
26 d late
2022
on the day
2021
59 d late
2020
25 d late
2019
47 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€228k
EBIT margin
-1.5%
Net result
€-6k
2024 · €17k
2019: €1k
2020: €9k
2021: €3k
2022: €588
2023: €7k
2024: €17k
2019 → 2025
Working capital
€-206k▼ 167%
2024 · €-77k
2019: €29k
2020: €-52k
2021: €-82k
2022: €-88k
2023: €-86k
2024: €-77k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€26k▲ 2.4%€32k▲ 26.2%€49k▲ 51.4%€43k▼ 12.1%
Operating result€5k-€2k▼ 53.6%€19k▲ 707%€32k▲ 69.0%€10k▼ 68.8%
Net result€3k-€588▼ 80.4%€7k▲ 1,034%€17k▲ 148%€-6k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €659k
Fixed assets
€647k▲ 354%
Current assets
€12k▼ 90.3%
Equity and liabilities €659k
Equity
€43k▼ 12.1%
Debt
€616k▲ 184%
The debt ratio rises from 81.7% to 93.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€37k▼
2024 · €110k
Cash flow
€21k▼
2024 · €95k
Solvency
6.5%▼
2024 · 18.3%
Current ratio
0.05▼
2024 · 0.61
Quick ratio
0.05▼
2024 · 0.61
Debt / equity
14.38▲
2024 · 4.45
ROE
-13.8%▼
2024 · 33.9%
ROA
-0.9%▼
2024 · 6.2%
Interest coverage
2.45▼
2024 · 38.42
Debt
€616k▲
2024 · €217k
Debt ≤ 1 year
€218k▲
2024 · €200k
Debt > 1 year
€398k▲
2024 · €17k
Income taxes
€1k▼
2024 · €13k
Staff costs
€2k▼
2024 · €3k
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€266k€659k▲
Fixed assets21/28€143k€647k▲
Tangible fixed assets22/27€83k€587k▲
Land and buildings22€11k€518k▲
Plant, machinery and equipment23€66k€59k▼
Furniture and vehicles24€6k€10k▲
Financial fixed assets28€60k€60k=
Current assets29/58€123k€12k▼
Amounts receivable within one year40/41€122k€11k▼
Trade receivables40€21k€7k▼
Other amounts receivable41€101k€4k▼
Cash at bank and in hand54/58€757€757=
Deferred charges and accrued income490/1€451€484▲
Equity and liabilities
Total equity and liabilities10/49€266k€659k▲
Equity10/15€49k€43k▼
Contributions10/11€6k€6k=
Reserves13€16k€16k=
Non-distributable reserves130/1€11-
Reserves not available under the articles1311€11-
Tax-exempt reserves132€8k€8k=
Distributable reserves133€8k€8k▲
Profit (loss) carried forward14€27k€21k▼
Amounts payable17/49€217k€616k▲
Amounts payable after more than one year17€17k€398k▲
Financial debts170/4€17k€398k▲
Amounts payable within one year42/48€200k€218k▲
Current portion of amounts payable after more than one year42€7k€22k▲
Financial debts43€19k€14k▼
Credit institutions430/8€19k€14k▼
Trade debts44€137k€27k▼
Suppliers440/4€137k€27k▼
Taxes, remuneration and social security45€11k€15k▲
Taxes450/3€11k€15k▲
Remuneration and social security454/9-€385
Other amounts payable47/48€27k€140k▲
Income statement
Code20242025
Non-recurring operating income76A-€300
Remuneration, social security and pensions62€3k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€26k▼
Other operating charges640/8€8k€4k▼
Gross operating margin9900€122k€42k▼
Operating profit (loss)9901€32k€10k▼
Financial income75/76B€33€266▲
Recurring financial income75€33€266▲
Financial charges65/66B€3k€15k▲
Recurring financial charges65€3k€15k▲
Profit (loss) for the period before taxes9903€29k€-5k▼
Income taxes67/77€13k€1k▼
Profit (loss) for the period9904€17k€-6k▼
Profit (loss) for the period to be appropriated9905€17k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€21k▼
Profit (loss) brought forward from the previous period14P€10k€27k▲
The notes to these accounts (10 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-06
Financial
Weakest financial yearnet €-6k ▼136%
Net result drops to €-6k, the lowest in the series.
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 67 days late
2024
30-06
Financial
Highest result since 2019net €17k ▲148%
Operating result €32k, net result €17k, both a record.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-04-2024
Resigned as Director
Location & real-estate footprint
Registered office, Diest · 1 establishment unit since 2016
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.
Hollestraat 173290 DiestGround area
1,107 m²
Building footprint
161 m²
Volume, LiDAR
867 m³
Parcel 24019B0373/00F000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VBG
since 20162.249.096.537
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24019B0373/00F000 | Flanders | 1,107 m² | 1 · 161 m² | 10.9 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.
Similar companies · same sector, comparable size
De Schouwer Agro
BE 0785.580.828
Vilvoorde · Eq €43k
ROOYAKKERS KRIS
BE 0736.539.113
Pelt · Eq €43k
JA TRANS
BE 0795.326.457
Flobecq · Eq €43k
GVS CONSTRUCT SPRL
BE 0662.766.257
Sint-Pieters-Leeuw · Eq €43k
S&E Projects
BE 0798.900.314
Hulshout · Eq €43k
Of 8,397 companies in sector 43120 we hold annual accounts for 3,204. 2,398 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2016
Fiscal year end30-06
Activities, NACEBEL
43120Site preparation
02200Logging
42110Construction of roads and motorways
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
43320Joinery installation
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
71113Urban planning and landscape architecture
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.