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VG-B

Active
Private limited companyfounded 20224 yrs activeMagerman 15, 2360 Oud-Turnhout, BelgiumKBO/BCE: BE 0784.646.361
Summary

The computed 12-month bankruptcy probability of VG-B is 2.8% (moderate). The 2024 annual accounts show equity of €12,396 and a net result of €3,351. Its solvency ranks better than 44% of 5897 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability81▼-19
Solvency61▼-20
Growth52
Track record94
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 2.04 in 2023; short-term debt: 34.4% and cash: 37% of total assets), and 64% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
36%
Return on assets
9.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
45 d early
2023
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VG-B was incorporated on 8 April 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€12,396▲ 16.4%
2023 · €10,645
Total assets
€34,429▲ 80.5%
2023 · €19,069
Net result
€3,351▼ 68.8%
2023 · €10,745
Working capital
€3,483▼ 58.7%
2023 · €8,441
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20232024
Operating result€14,879-€5,180▼ 65.2%
Net result€10,745within the sector's middle half-€3,351within the sector's middle half▼ 68.8%
Equity€10,645below the sector's middle half-€12,396below the sector's middle half▲ 16.4%
Total assets€19,069below the sector's middle half-€34,429below the sector's middle half▲ 80.5%
Debt€8,424-€22,033▲ 162%
Working capital€8,441-€3,483▼ 58.7%
Solvency55.8%within the sector's middle half-36.0%within the sector's middle half▼ 19.8pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
€0€5,000€10,000€15,000Operating result 2023: €14,879€14,879Net result 2023: €10,745€10,745Operating result 2024: €5,180€5,180Net result 2024: €3,351€3,35120232024€0€5,000€10,000€15,000Operating result 2023: €14,879€14,900Net result 2023: €10,745€10,700Operating result 2024: €5,180€5,180Net result 2024: €3,351€3,35020232024
The operating result falls in 2024; 2024 is 65% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34,429
Fixed assets €19,111 ▲ 653%
Current assets €15,317 ▼ 7.3%
Equity and liabilities €34,429
Equity €12,396 ▲ 16.4%
Debt €22,033 ▲ 162%
Debt's share of the balance-sheet total rises from 44.2% to 64.0%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€10,467▼
2023 · €15,123
Cash flow
€8,638▼
2023 · €10,989
Current ratio
1.29▼
2023 · 2.04
Debt to equity
1.78▲
2023 · 0.79
ROE
27.0%▼
2023 · 100.9%
ROA
9.7%▼
2023 · 56.3%
Interest coverage
15.82▼
2023 · 205.70
Debt ≤ 1 year
€11,834▲
2023 · €8,089
Debt > 1 year
€10,199
Income taxes
€1,167▼
2023 · €4,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 39,275 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€19,069€34,429▲
Fixed assets21/28€2,539€19,111▲
Tangible fixed assets22/27€2,539€19,111▲
Furniture and vehicles24€2,539€19,111▲
Current assets29/58€16,529€15,317▼
Amounts receivable within one year40/41€2,171€2,448▲
Trade receivables40€2,171€2,448▲
Cash at bank and in hand54/58€14,359€12,743▼
Deferred charges and accrued income490/1-€127
Equity and liabilities
Total equity and liabilities10/49€19,069€34,429▲
Equity10/15€10,645€12,396▲
Contributions10/11€1,500€1,500=
Reserves13€9,145€10,896▲
Distributable reserves133€9,145€10,896▲
Amounts payable17/49€8,424€22,033▲
Amounts payable after more than one year17-€10,199
Financial debts170/4-€10,199
Amounts payable within one year42/48€8,089€11,834▲
Current portion of amounts payable after more than one year42-€3,894
Trade debts44€323€386▲
Suppliers440/4€323€386▲
Taxes, remuneration and social security45€5,946€6,434▲
Taxes450/3€5,946€6,434▲
Other amounts payable47/48€1,820€1,120▼
Accrued charges and deferred income492/3€335-
Income statement Code20232024
Non-recurring operating income76A-€4,112
Remuneration, social security and pensions62€826-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€244€5,288▲
Other operating charges640/8€1,748€517▼
Gross operating margin9900€17,697€10,984▼
Operating profit (loss)9901€14,879€5,180▼
Financial income75/76B€95-
Recurring financial income75€95-
Financial charges65/66B€74€662▲
Recurring financial charges65€74€662▲
Profit (loss) for the period before taxes9903€14,901€4,518▼
Income taxes67/77€4,155€1,167▼
Profit (loss) for the period9904€10,745€3,351▼
Profit (loss) for the period to be appropriated9905€10,745€3,351▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,745€3,351▼
Transfer to equity691/2€9,145€1,751▼
To other reserves6921€9,145€1,751▼
Profit to be distributed694/7€1,600€1,600=
Return on contributions (dividend)694€1,600€1,600=

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Non-recurring operating income76A-€4,112-
Remuneration, social security and pensions62€826--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€244€5,288▲ 2,067%
Other operating charges640/8€1,748€517▼ 70.4%
Gross operating margin9900€17,697€10,984▼ 37.9%
Operating profit (loss)9901€14,879€5,180▼ 65.2%
Financial income75/76B€95--
Recurring financial income75€95--
Financial charges65/66B€74€662▲ 800%
Recurring financial charges65€74€662▲ 800%
Profit (loss) for the period before taxes9903€14,901€4,518▼ 69.7%
Income taxes67/77€4,155€1,167▼ 71.9%
Profit (loss) for the period9904€10,745€3,351▼ 68.8%
Profit (loss) for the period to be appropriated9905€10,745€3,351▼ 68.8%
Line20232024Change
Assets
Total assets20/58€19,069€34,429▲ 80.5%
Fixed assets21/28€2,539€19,111▲ 653%
Tangible fixed assets22/27€2,539€19,111▲ 653%
Furniture and vehicles24€2,539€19,111▲ 653%
Current assets29/58€16,529€15,317▼ 7.3%
Amounts receivable within one year40/41€2,171€2,448▲ 12.8%
Trade receivables40€2,171€2,448▲ 12.8%
Cash at bank and in hand54/58€14,359€12,743▼ 11.3%
Deferred charges and accrued income490/1-€127-
Equity and liabilities
Total equity and liabilities10/49€19,069€34,429▲ 80.5%
Equity10/15€10,645€12,396▲ 16.4%
Contributions10/11€1,500€1,500=
Reserves13€9,145€10,896▲ 19.1%
Distributable reserves133€9,145€10,896▲ 19.1%
Amounts payable17/49€8,424€22,033▲ 162%
Amounts payable after more than one year17-€10,199-
Financial debts170/4-€10,199-
Amounts payable within one year42/48€8,089€11,834▲ 46.3%
Current portion of amounts payable after more than one year42-€3,894-
Trade debts44€323€386▲ 19.6%
Suppliers440/4€323€386▲ 19.6%
Taxes, remuneration and social security45€5,946€6,434▲ 8.2%
Taxes450/3€5,946€6,434▲ 8.2%
Other amounts payable47/48€1,820€1,120▼ 38.5%
Accrued charges and deferred income492/3€335--
Line20232024Change
Profit (loss) for the period9904€10,745€3,351▼ 68.8%
+ Depreciation and write-downs630€244€5,288▲ 2,067%
Operating cash flow (approximation)€10,989€8,638▼ 21.4%
Investment in fixed assets (approximation)--€21,860-
Change in cash--€1,616-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
16-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Oud-Turnhout · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
365 m²
Building footprint
100 m²
Volume, LiDAR
602 m³
Parcel 13482F0072/00X000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ramenwasser Christophe
Magerman 15, 2360 Oud-TurnhoutOther building cleaning and industrial cleaning
since 20222.329.927.825
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13482F0072/00X000 Flanders 365 m² 1 · 100 m² 9.3 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.

Similar companies · same sector, comparable size

Of 7,364 companies in sector 81210 we hold annual accounts for 2,741. 1,902 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
Founded08-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0784646361
Registered 11-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.