VESTIGO
ActiveThe annual accounts of VESTIGO for fiscal year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €35k and a net result of €-59k. Equity is shrinking by ~13.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 16% of 31697 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▲+1
Solvency33▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.19 against 0.18 in 2024; short-term debt: 74.6% and cash: 1.2% of total assets), and 91.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 70
lower
← 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
8.4%
Return on assets
-14.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-59k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 31697 sector peers (2025).
NBB · sector comparisonPosition among 31697 sector peers
Solvency
better than 16%
← 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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
on the day
2023
30 d late
2022
70 d late
2021
25 d early
2020
30 d late
2019
on the day
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▼ 62.7%
2024 · €95k
2018: €261k
2019: €271k
2020: €305k
2021: €293k
2022: €257k
2023: €197k
2024: €95k
2018 → 2025
Total assets
€422k▼ 2.4%
2024 · €432k
2018: €375k
2019: €391k
2020: €432k
2021: €429k
2022: €426k
2023: €468k
2024: €432k
2018 → 2025
Net result
€-59k▲ 41.8%
2024 · €-102k
2018: €6k
2019: €10k
2020: €34k
2021: €-12k
2022: €-36k
2023: €-59k
2024: €-102k
2018 → 2025
Working capital
€-255k▼ 7.7%
2024 · €-237k
2018: €-77k
2019: €-61k
2020: €-34k
2021: €-44k
2022: €-66k
2023: €-139k
2024: €-237k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€293k-€257k▼ 12.4%€197k▼ 23.2%€95k▼ 51.9%€35k▼ 62.7%
Operating result€-9k-€-33k▼ 268%€-53k▼ 62.9%€-93k▼ 74.6%€-54k▲ 42.4%
Net result€-12k-€-36k▼ 205%€-59k▼ 63.6%€-102k▼ 72.0%€-59k▲ 41.8%
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 stays negative: a loss of €54k in 2025 against €93k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422k
Fixed assets
€362k▼ 4.8%
Current assets
€60k▲ 15.8%
Equity and liabilities €422k
Equity
€35k▼ 62.7%
Debt
€387k▲ 14.6%
The debt ratio rises from 78.0% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-32k▲
2024 · €-73k
Cash flow
€-38k▲
2024 · €-82k
Solvency
8.4%▼
2024 · 22.0%
Current ratio
0.19▲
2024 · 0.18
Quick ratio
0.19▲
2024 · 0.18
Debt / equity
10.91▲
2024 · 3.56
ROE
-167.8%▼
2024 · -107.7%
ROA
-14.1%▲
2024 · -23.6%
Interest coverage
-5.77▲
2024 · -8.47
Debt
€387k▲
2024 · €338k
Debt ≤ 1 year
€315k▲
2024 · €288k
Debt > 1 year
€65k▲
2024 · €40k
Income taxes
€125▼
2024 · €229
Staff costs
€29k▼
2024 · €69k
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€432k€422k▼
Fixed assets21/28€381k€362k▼
Tangible fixed assets22/27€366k€348k▼
Land and buildings22€298k€296k▼
Plant, machinery and equipment23€57k€44k▼
Furniture and vehicles24€11k€8k▼
Financial fixed assets28€15k€15k=
Current assets29/58€52k€60k▲
Stocks and contracts in progress3€485€611▲
Stocks30/36€485€611▲
Amounts receivable within one year40/41€36k€45k▲
Trade receivables40€36k€45k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€9k€5k▼
Deferred charges and accrued income490/1€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€432k€422k▼
Equity10/15€95k€35k▼
Contributions10/11€299k€299k=
Reserves13€6k€6k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-210k€-269k▼
Amounts payable17/49€338k€387k▲
Amounts payable after more than one year17€40k€65k▲
Financial debts170/4€40k€65k▲
Amounts payable within one year42/48€288k€315k▲
Trade debts44€31k€56k▲
Suppliers440/4€31k€56k▲
Taxes, remuneration and social security45€17k€5k▼
Taxes450/3€4k€5k▲
Remuneration and social security454/9€14k€0▼
Other amounts payable47/48€240k€254k▲
Accrued charges and deferred income492/3€9k€7k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€69k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€2k€12k▲
Gross operating margin9900€-3k€9k▲
Operating profit (loss)9901€-93k€-54k▲
Financial income75/76B€8€0▼
Recurring financial income75€8€0▼
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€-102k€-59k▲
Income taxes67/77€229€125▼
Profit (loss) for the period9904€-102k€-59k▲
Profit (loss) for the period to be appropriated9905€-102k€-59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-210k€-269k▼
Profit (loss) brought forward from the previous period14P€-108k€-210k▼
The notes to these accounts (9 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €34k ▲251%
Operating result €36k, net result €34k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
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
1 act for this company is 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, Bornem · 1 establishment unit since 2002
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.
Puursesteenweg(BOR) 3902880 BornemGround area
2,116 m²
Building footprint
922 m²
Volume, LiDAR
537 m³
Parcel 12007D0619/00P000, Flanders · tallest building 6.9 m. Linked by address, not a title deed.
1 establishment unit
VESTIGO
since 20022.095.912.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007D0619/00P000 | Flanders | 2,116 m² | 1 · 922 m² | 6.9 m |
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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 35,752 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-04-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.