VG CONSULTING
ActiveSummary
VG CONSULTING has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,600) and a net result of -€576. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 →
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 2025Age of the figures
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 · 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 -€12,600
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
62 d early
2023
57 d early
2022
586 d late
2021
31 d late
2020
36 d early
2019
329 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 105 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€12,600▼ 4.8%
2024 · -€12,025
Total assets
€3▼ 99.8%
2024 · €1,816
Net result
-€576▲ 94.8%
2024 · -€11,002
Working capital
-€12,600▼ 4.8%
2024 · -€12,025
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€6,577▼ 69.7%-€17,431€4,530-€10,862-€424▲ 96.1%
Net result€4,312within the sector's middle half▼ 80.5%-€17,475below the sector's middle half-€8,319below the sector's middle half▲ 52.4%-€11,002below the sector's middle half▼ 32.3%-€576below the sector's middle half▲ 94.8%
Equity€24,772below the sector's middle half▲ 21.1%€7,297below the sector's middle half▼ 70.5%-€1,022below the sector's middle half-€12,025below the sector's middle half▼ 1,076%-€12,600below the sector's middle half▼ 4.8%
Total assets€65,569below the sector's middle half▲ 132%€14,649below the sector's middle half▼ 77.7%€80,111below the sector's middle half▲ 447%€1,816below the sector's middle half▼ 97.7%€3below the sector's middle half▼ 99.8%
Debt€40,797▲ 423%€7,352▼ 82.0%€81,133▲ 1,004%€13,840▼ 82.9%€12,603▼ 8.9%
Working capital€15,772▼ 22.9%€1,297▼ 91.8%-€4,023-€12,025▼ 199%-€12,600▼ 4.8%
Solvency37.8%within the sector's middle half▼ 34.6pp49.8%within the sector's middle half▲ 12.0pp-1.3%below the sector's middle half▼ 51.1pp
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 stays negative: a loss of €424 in 2025 against €10,862 in 2024; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€12,603▼
2024 · €13,840
Ratios withheld: a balance sheet total of €3 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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%.
| 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 6,943 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 | - | €3,000 | €3,000 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10,000 | - | - |
| Other operating charges640/8 | €412 | €1,206 | €4,548 | €4,428 | €544 | ▼ 87.7% |
| Gross operating margin9900 | €6,990 | -€13,226 | €12,078 | €3,566 | €120 | ▼ 96.6% |
| Operating profit (loss)9901 | €6,577 | -€17,431 | €4,530 | -€10,862 | -€424 | ▲ 96.1% |
| Financial income75/76B | €666 | - | - | - | - | - |
| Recurring financial income75 | €666 | - | - | - | - | - |
| Financial charges65/66B | €44 | €43 | €140 | €141 | €152 | ▲ 8.1% |
| Recurring financial charges65 | €44 | €43 | €140 | €141 | €152 | ▲ 8.1% |
| Profit (loss) for the period before taxes9903 | €7,199 | -€17,475 | €4,390 | -€11,002 | -€576 | ▲ 94.8% |
| Income taxes67/77 | €2,887 | - | €12,709 | - | - | - |
| Profit (loss) for the period9904 | €4,312 | -€17,475 | -€8,319 | -€11,002 | -€576 | ▲ 94.8% |
| Profit (loss) for the period to be appropriated9905 | €4,312 | -€17,475 | -€8,319 | -€11,002 | -€576 | ▲ 94.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,569 | €14,649 | €80,111 | €1,816 | €3 | ▼ 99.8% |
| Fixed assets21/28 | €9,000 | €6,000 | €3,001 | - | - | - |
| Tangible fixed assets22/27 | €9,000 | €6,000 | €3,001 | - | - | - |
| Furniture and vehicles24 | €9,000 | €6,000 | €3,001 | - | - | - |
| Current assets29/58 | €56,569 | €8,649 | €77,110 | €1,816 | €3 | ▼ 99.8% |
| Stocks and contracts in progress3 | - | - | €65,000 | - | - | - |
| Stocks30/36 | - | - | €65,000 | - | - | - |
| Amounts receivable within one year40/41 | €46,150 | €8,603 | €12,110 | €1,815 | - | - |
| Trade receivables40 | €24,837 | - | €12,100 | €1,815 | - | - |
| Other amounts receivable41 | €21,313 | €8,603 | €10 | - | - | - |
| Cash at bank and in hand54/58 | €10,419 | €46 | - | €1 | €3 | ▲ 288% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,569 | €14,649 | €80,111 | €1,816 | €3 | ▼ 99.8% |
| Equity10/15 | €24,772 | €7,297 | -€1,022 | -€12,025 | -€12,600 | ▼ 4.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Non-distributable reserves130/1 | €4,000 | €4,000 | €4,000 | - | - | - |
| Reserves not available under the articles1311 | €4,000 | €4,000 | €4,000 | - | - | - |
| Distributable reserves133 | - | - | - | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €2,172 | -€15,303 | -€23,622 | -€34,625 | -€35,200 | ▼ 1.7% |
| Amounts payable17/49 | €40,797 | €7,352 | €81,133 | €13,840 | €12,603 | ▼ 8.9% |
| Amounts payable within one year42/48 | €40,797 | €7,352 | €81,133 | €13,840 | €12,603 | ▼ 8.9% |
| Trade debts44 | €2,517 | €718 | €1,698 | €1,639 | €13 | ▼ 99.2% |
| Suppliers440/4 | €2,517 | €718 | €1,698 | €1,639 | €13 | ▼ 99.2% |
| Advances received on contracts in progress46 | €35,393 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €2,887 | - | - | €53 | €42 | ▼ 20.0% |
| Taxes450/3 | €2,887 | - | - | €53 | €42 | ▼ 20.0% |
| Other amounts payable47/48 | - | €6,634 | €79,435 | €12,148 | €12,548 | ▲ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,312 | -€17,475 | -€8,319 | -€11,002 | -€576 | ▲ 94.8% |
| + Depreciation and write-downs630 | - | €3,000 | €3,000 | - | - | - |
| Operating cash flow (approximation) | €4,312 | -€14,475 | -€5,320 | -€11,002 | -€576 | ▲ 94.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€10,373 | - | - | €2 | - |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 586 days late
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€17,475
Net result drops to -€17,475, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 329 days late
2020
31-12
Financial
Highest result since 2018net €22,154 ▲56.4%
Operating result €21,677, net result €22,154, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.62
Current ratio from 0.83 to 3.62; short-term debt falls from €9,950 to €7,804.
2019
31-12
Financial
Back to profitnet €14,164
Net result €14,164 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Aalst
Ground area
661 m²
Building footprint
126 m²
Volume, LiDAR
697 m³
Parcel 41047A0628/00C003, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41047A0628/00C003 | Flanders | 661 m² | 1 · 126 m² | 7.8 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 19,513 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)
Founded28-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508798157
Also
9925:BE0508798157
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.