VEGA SERVICES
ActiveSummary
VEGA SERVICES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€23,832) and a net result of -€42,112. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-19
Solvency18▼-12
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.43 against 2.08 in 2024; short-term debt: 3.6% and cash: 5.8% of total assets), but equity is negative.
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Signals
Six 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 →
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 · 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
-6.9%
Return on assets
-12.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€23,832
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
51 d early
2023
19 d late
2022
1 d late
2021
6 d early
2020
58 d late
2019
28 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 10 days after 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. Usually files around 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€23,832
2024 · €18,280
Total assets
€346,898▼ 5.8%
2024 · €368,393
Net result
-€42,112
2024 · €13,472
Working capital
€42,491▲ 68.8%
2024 · €25,177
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
Operating result€44,290€30,641▼ 30.8%€71,556▲ 134%€25,458▼ 64.4%€1,410▼ 94.5%
Net result€43,086within the sector's middle half€23,372within the sector's middle half▼ 45.8%€46,917within the sector's middle half▲ 101%€13,472within the sector's middle half▼ 71.3%-€42,112below the sector's middle half
Equity-€65,481below the sector's middle half▲ 39.7%-€42,109below the sector's middle half▲ 35.7%€4,808below the sector's middle half€18,280below the sector's middle half▲ 280%-€23,832below the sector's middle half
Total assets€365,881within the sector's middle half▲ 3.1%€353,288within the sector's middle half▼ 3.4%€391,832within the sector's middle half▲ 10.9%€368,393within the sector's middle half▼ 6.0%€346,898within the sector's middle half▼ 5.8%
Debt€431,362▼ 6.9%€395,397▼ 8.3%€387,024▼ 2.1%€350,113▼ 9.5%€370,731▲ 5.9%
Working capital€83,499within the sector's middle half▲ 403%€78,224within the sector's middle half▼ 6.3%€36,834within the sector's middle half▼ 52.9%€25,177within the sector's middle half▼ 31.6%€42,491within the sector's middle half▲ 68.8%
Solvency-17.9%below the sector's middle half▲ 12.7pp-11.9%below the sector's middle half▲ 6.0pp1.2%below the sector's middle half▲ 13.1pp5.0%below the sector's middle half▲ 3.7pp-6.9%below the sector's middle half▼ 11.8pp
Current ratio4.67above the sector's middle half▲ 3.407.01above the sector's middle half▲ 2.333.07within the sector's middle half▼ 3.942.08within the sector's middle half▼ 0.984.43within the sector's middle half▲ 2.34
Return on assets (ROA)11.8%within the sector's middle half▲ 53.4pp6.6%within the sector's middle half▼ 5.2pp12.0%within the sector's middle half▲ 5.4pp3.7%within the sector's middle half▼ 8.3pp-12.1%below the sector's middle half▼ 15.8pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346,898
Fixed assets
€292,004 ▼ 8.8%
Current assets
€54,894 ▲ 13.5%
Key figures and ratios
EBITDA
€29,415▼
2024 · €53,999
Cash flow
-€14,107▼
2024 · €42,013
Debt to equity
-15.56▼
2024 · 19.15
Interest coverage
70.22▲
2024 · 31.63
Debt ≤ 1 year
€12,403▼
2024 · €23,206
Debt > 1 year
€355,327▲
2024 · €319,867
Income taxes
€43,196▲
2024 · €10,430
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,622 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,575 | €12,081 | €20,960 | €28,541 | €28,005 | ▼ 1.9% |
| Other operating charges640/8 | €448 | €1,027 | €504 | €537 | €1,924 | ▲ 258% |
| Gross operating margin9900 | €55,313 | €43,749 | €93,020 | €54,536 | €31,340 | ▼ 42.5% |
| Operating profit (loss)9901 | €44,290 | €30,641 | €71,556 | €25,458 | €1,410 | ▼ 94.5% |
| Financial income75/76B | €0 | - | €53 | €151 | €93 | ▼ 38.3% |
| Recurring financial income75 | €0 | - | €53 | €151 | €93 | ▼ 38.3% |
| Financial charges65/66B | €808 | €81 | €961 | €1,707 | €419 | ▼ 75.5% |
| Recurring financial charges65 | €808 | €81 | €961 | €1,707 | €419 | ▼ 75.5% |
| Profit (loss) for the period before taxes9903 | €43,482 | €30,560 | €70,648 | €23,902 | €1,084 | ▼ 95.5% |
| Income taxes67/77 | €396 | €7,188 | €23,731 | €10,430 | €43,196 | ▲ 314% |
| Profit (loss) for the period9904 | €43,086 | €23,372 | €46,917 | €13,472 | -€42,112 | ▼ 413% |
| Profit (loss) for the period to be appropriated9905 | €43,086 | €23,372 | €46,917 | €13,472 | -€42,112 | ▼ 413% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,881 | €353,288 | €391,832 | €368,393 | €346,898 | ▼ 5.8% |
| Fixed assets21/28 | €259,657 | €262,045 | €337,169 | €320,010 | €292,004 | ▼ 8.8% |
| Tangible fixed assets22/27 | €259,567 | €261,955 | €337,079 | €319,920 | €291,914 | ▼ 8.8% |
| Land and buildings22 | €204,795 | €199,647 | €194,499 | €189,351 | €184,203 | ▼ 2.7% |
| Plant, machinery and equipment23 | €47,070 | €56,720 | €83,429 | €85,991 | €76,898 | ▼ 10.6% |
| Furniture and vehicles24 | €7,702 | €5,588 | €59,151 | €44,578 | €30,813 | ▼ 30.9% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €106,224 | €91,243 | €54,663 | €48,383 | €54,894 | ▲ 13.5% |
| Amounts receivable within one year40/41 | €18,292 | €23,861 | €29,861 | €23,557 | €33,614 | ▲ 42.7% |
| Trade receivables40 | €16,932 | €23,861 | €29,861 | €18,039 | €24,752 | ▲ 37.2% |
| Other amounts receivable41 | €1,360 | - | - | €5,518 | €8,863 | ▲ 60.6% |
| Cash at bank and in hand54/58 | €83,926 | €64,335 | €22,027 | €23,694 | €20,194 | ▼ 14.8% |
| Deferred charges and accrued income490/1 | €4,006 | €3,047 | €2,775 | €1,132 | €1,086 | ▼ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,881 | €353,288 | €391,832 | €368,393 | €346,898 | ▼ 5.8% |
| Equity10/15 | -€65,481 | -€42,109 | €4,808 | €18,280 | -€23,832 | ▼ 230% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €101,728 | €101,728 | €101,728 | €101,728 | €101,728 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €99,868 | €99,868 | €99,868 | €99,868 | €99,868 | = |
| Profit (loss) carried forward14 | -€173,409 | -€150,037 | -€103,120 | -€89,648 | -€131,760 | ▼ 47.0% |
| Amounts payable17/49 | €431,362 | €395,397 | €387,024 | €350,113 | €370,731 | ▲ 5.9% |
| Amounts payable after more than one year17 | €379,051 | €353,682 | €362,155 | €319,867 | €355,327 | ▲ 11.1% |
| Other amounts payable178/9 | €379,051 | €353,682 | €362,155 | €319,867 | €355,327 | ▲ 11.1% |
| Amounts payable within one year42/48 | €22,725 | €13,019 | €17,829 | €23,206 | €12,403 | ▼ 46.6% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €15,670 | €8,948 | €10,651 | €18,591 | €12,394 | ▼ 33.3% |
| Suppliers440/4 | €15,670 | €8,948 | €10,651 | €18,591 | €12,394 | ▼ 33.3% |
| Taxes, remuneration and social security45 | €7,055 | €4,071 | €7,178 | €4,615 | €9 | ▼ 99.8% |
| Taxes450/3 | €7,055 | €4,071 | €7,178 | €4,615 | €9 | ▼ 99.8% |
| Accrued charges and deferred income492/3 | €29,586 | €28,696 | €7,040 | €7,040 | €3,000 | ▼ 57.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,086 | €23,372 | €46,917 | €13,472 | -€42,112 | ▼ 413% |
| + Depreciation and write-downs630 | €10,575 | €12,081 | €20,960 | €28,541 | €28,005 | ▼ 1.9% |
| Operating cash flow (approximation) | €53,661 | €35,453 | €67,877 | €42,013 | -€14,107 | ▼ 134% |
| Investment in fixed assets (approximation) | - | -€14,469 | -€96,084 | -€11,382 | €0 | ▲ 100% |
| Change in cash | - | -€19,591 | -€42,308 | €1,667 | -€3,500 | ▼ 310% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 4.43
Current ratio from 2.08 to 4.43; short-term debt falls from €23,206 to €12,403.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €46,917 ▲101%
Operating result €71,556, net result €46,917, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €43,086
Net result €43,086 after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 4.67
Current ratio from 1.27 to 4.67; short-term debt falls from €60,820 to €22,725.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Weakest financial yearnet -€147,699
Net result drops to -€147,699, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lasne · 1 establishment unit since 2001
Ground area
1,156 m²
Building footprint
174 m²
Volume, LiDAR
1,081 m³
Parcel 25051B0269/00G000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VEGA SERVICES
since 20012.096.969.259
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051B0269/00G000 ProtectedSite or landscape |
Wallonia | 1,156 m² | 1 · 174 m² | 8.7 m · 2 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 29,663 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 (pre-2019)
Founded11-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
18130Pre-press and pre-media services
62200Computer consultancy and computer facilities management
68110Buying and selling of own real estate
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473786701
Also
9925:BE0473786701
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.