VEGRID
ActiveVEGRID has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €22k. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 10252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+14
Solvency63▼-22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 2.26 in 2024; short-term debt: 61.6% and cash: 47.6% of total assets), but 61.9% 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
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 · 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
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
38.1%
Return on assets
10.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
53 d early
2023
54 d early
2022
55 d early
2021
52 d early
2020
48 d early
2019
45 d early
← 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 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€75k▼ 65.8%
2024 · €219k
2019: €284k
2020: €264k
2021: €302k
2022: €283k
2023: €253k
2024: €219k
2019 → 2025
Total assets
€197k▼ 46.3%
2024 · €367k
2019: €446k
2020: €443k
2021: €535k
2022: €530k
2023: €531k
2024: €367k
2019 → 2025
Net result
€22k
2024 · €-2k
2019: €28k
2020: €27k
2021: €38k
2022: €64k
2023: €34k
2024: €-2k
2019 → 2025
Working capital
€68k▼ 63.4%
2024 · €186k
2019: €203k
2020: €159k
2021: €263k
2022: €246k
2023: €223k
2024: €186k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€302k-€283k▼ 6.3%€253k▼ 10.4%€219k▼ 13.6%€75k▼ 65.8%
Operating result€65k-€107k▲ 64.1%€60k▼ 44.3%€-451€32k
Net result€38k-€64k▲ 70.4%€34k▼ 46.6%€-2k€22k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €32k after a loss of €451 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€7k▼ 77.2%
Current assets
€189k▼ 43.3%
Equity and liabilities €197k
Equity
€75k▼ 65.8%
Debt
€122k▼ 17.5%
The debt ratio rises from 40.3% to 61.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €25k
Cash flow
€47k▲
2024 · €23k
Solvency
38.1%▼
2024 · 59.7%
Current ratio
1.56▼
2024 · 2.26
Quick ratio
1.56▼
2024 · 2.26
Debt / equity
1.63▲
2024 · 0.68
ROE
28.7%▲
2024 · -1.1%
ROA
10.9%▲
2024 · -0.6%
Interest coverage
1071.11▲
2024 · 18.32
Debt
€122k▼
2024 · €148k
Debt ≤ 1 year
€121k▼
2024 · €148k
Income taxes
€11k▲
2024 · €882
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€367k€197k▼
Fixed assets21/28€33k€7k▼
Tangible fixed assets22/27€33k€7k▼
Land and buildings22€23k€3k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€3k€244▼
Current assets29/58€334k€189k▼
Amounts receivable within one year40/41€18k€42k▲
Trade receivables40€4k€32k▲
Other amounts receivable41€14k€10k▼
Current investments50/53€100k€51k▼
Cash at bank and in hand54/58€141k€94k▼
Deferred charges and accrued income490/1€75k€3k▼
Equity and liabilities
Total equity and liabilities10/49€367k€197k▼
Equity10/15€219k€75k▼
Contributions10/11€19k€19k=
Reserves13€201k€56k▼
Distributable reserves133€201k€56k▼
Profit (loss) carried forward14€-1k-
Amounts payable17/49€148k€122k▼
Amounts payable within one year42/48€148k€121k▼
Trade debts44€560€5k▲
Suppliers440/4€560€5k▲
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€3k€6k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€141k€108k▼
Accrued charges and deferred income492/3€194€603▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▲
Other operating charges640/8€5k€541▼
Gross operating margin9900€30k€58k▲
Operating profit (loss)9901€-451€32k▲
Financial income75/76B€357€970▲
Recurring financial income75€357€970▲
Financial charges65/66B€1k€54▼
Recurring financial charges65€1k€54▼
Profit (loss) for the period before taxes9903€-1k€33k▲
Income taxes67/77€882€11k▲
Profit (loss) for the period9904€-2k€22k▲
Profit (loss) for the period to be appropriated9905€-2k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€20k▲
Profit (loss) brought forward from the previous period14P€1k€-1k▼
Transfer from equity791/2€32k€165k▲
Transfer to equity691/2-€20k
To other reserves6921-€20k
Profit to be distributed694/7€32k€165k▲
Return on contributions (dividend)694€32k€165k▲
The notes to these accounts (4 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
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-2k ▼107%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €64k ▲70.4%
Operating result €107k, net result €64k, both a record.
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Geel · 1 establishment unit since 2005
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.
Nieuwstraat 102440 GeelGround area
630 m²
Building footprint
380 m²
Volume, LiDAR
1,784 m³
Parcel 13008H0240/00T000, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VEGRID
since 20052.148.880.293
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008H0240/00T000 | Flanders | 630 m² | 1 · 380 m² | 11.2 m · 1 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
MT@WORK
BE 0632.888.574
Sint-Pieters-Leeuw · Eq €75k
KOHNEN SCHUHHAUS
BE 0434.680.061
Sankt Vith · Eq €75k
EL QODS
BE 0474.718.196
Sint-Jans-Molenbeek · Eq €76k
SCHOENEN JULIEN
BE 0424.183.275
Kortrijk · Eq €76k
SOLHEID CHAUSSURES
BE 0459.581.941
Malmedy · Eq €73k
Of 1,035 companies in sector 47721 we hold annual accounts for 583. 453 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2005
Fiscal year end30-06
Activities, NACEBEL
47721Retail sale of footwear
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:014/58.88.12