VEGA
ActiveSummary
VEGA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-85k) and a net result of €21k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 6% of 533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+80
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.53 in 2024; short-term debt: 164.6% and cash: 55.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 87
Relative position
BE, all sectors
reference
Sector 87
lower
← 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
-65.7%
Return on assets
16.4%
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 6% of 533 sector peers (2025).
NBB · sector comparisonPosition among 533 sector peers
Solvency
better than 6%
← 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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
86 d early
2023
89 d early
2022
76 d early
2021
93 d early
2020
88 d early
2019
50 d early
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k
2024 · €-12k
2018: €2k
2019: €2k
2020: €-3k
2021: €18k
2022: €-14k
2023: €-17k
2024: €-12k
2018 → 2025
Working capital
€-94k▲ 23.0%
2024 · €-122k
2018: €-87k
2019: €-85k
2020: €-64k
2021: €-68k
2022: €-98k
2023: €-111k
2024: €-122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-63k-€-77k▼ 22.6%€-94k▼ 22.3%€-106k▼ 12.7%€-85k▲ 19.9%
Operating result€18k-€-14k€-16k▼ 21.9%€-11k▲ 32.7%€22k
Net result€18k-€-14k€-17k▼ 20.9%€-12k▲ 30.1%€21k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22k after a loss of €11k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129k
Fixed assets
€10k ▼ 43.1%
Current assets
€119k ▼ 11.6%
Key figures and ratios
EBITDA
€29k▲
2024 · €-5k
Cash flow
€29k▲
2024 · €-5k
Solvency
-65.7%▲
2024 · -69.6%
Current ratio
0.56▲
2024 · 0.53
Debt to equity
-2.52▼
2024 · -2.44
ROA
16.4%▲
2024 · -7.9%
Interest coverage
42.49▲
2024 · -5.01
Debt
€214k▼
2024 · €259k
Debt ≤ 1 year
€213k▼
2024 · €257k
Staff costs
€1.46M▼
2024 · €1.48M
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€153k€129k▼
Fixed assets21/28€17k€10k▼
Tangible fixed assets22/27€16k€9k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€8k€3k▼
Financial fixed assets28€1k€1k=
Current assets29/58€135k€119k▼
Amounts receivable within one year40/41€19k€39k▲
Trade receivables40€4k€1k▼
Other amounts receivable41€16k€38k▲
Cash at bank and in hand54/58€108k€72k▼
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€153k€129k▼
Equity10/15€-106k€-85k▲
Profit (loss) carried forward14€-106k€-85k▲
Amounts payable17/49€259k€214k▼
Amounts payable within one year42/48€257k€213k▼
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Taxes, remuneration and social security45€242k€204k▼
Taxes450/3€23k€30k▲
Remuneration and social security454/9€219k€174k▼
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.48M€1.46M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€528€539▲
Gross operating margin9900€1.47M€1.49M▲
Operating profit (loss)9901€-11k€22k▲
Financial charges65/66B€913€691▼
Recurring financial charges65€913€691▼
Profit (loss) for the period before taxes9903€-12k€21k▲
Profit (loss) for the period9904€-12k€21k▲
Profit (loss) for the period to be appropriated9905€-12k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-106k€-85k▲
Profit (loss) brought forward from the previous period14P€-94k€-106k▼
Social balance
Average headcount (FTE)908721.621.1▼
The notes to these accounts (6 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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after 3 loss-making years.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Etterbeek · 1 establishment unit since 2013
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.
Veldlaan 1291040 EtterbeekGround area
840 m²
Building footprint
174 m²
Volume, LiDAR
2,943 m³
Parcel 21362B0107/00L003, Brussels · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
VEGA
since 20132.216.518.096
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0107/00L003 | Brussels | 840 m² | 1 · 174 m² | 20.7 m · 6 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
VAPHIS
BE 0632.647.757
Pepinster · FTE 21.3
L'Appui
BE 0435.107.851
Honnelles · FTE 21.6
LUWAPI
BE 0636.928.130
Wavre · FTE 20.6
Renaissance
BE 0450.723.069
Braine-l'Alleud · FTE 20.5
Christoforusgemeenschap
BE 0429.647.642
Merelbeke-Melle · FTE 20.3
Of 322 companies in sector 87202 we hold annual accounts for 273. 210 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded12-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
87202Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:catherine.doetsch@gmail.com