VG-DESIGNS
ActiveVG-DESIGNS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45k and a net result of €-1k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 4355 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▼-27
Solvency100▲+22
Growth52=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.95 against 2.09 in 2023; short-term debt: 19.4% and cash: 37.8% of total assets), and 21% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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 2024Solvency, return and age of the figures
Solvency
79%
Return on assets
-2.4%
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 24-06-2025, 37 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
26 d early
2022
20 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€45k▼ 3.0%
2023 · €47k
2022: €37k
2023: €47k
2022 → 2024
Total assets
€57k▼ 35.2%
2023 · €88k
2022: €69k
2023: €88k
2022 → 2024
Net result
€-1k
2023 · €9k
2022: €32k
2023: €9k
2022 → 2024
Working capital
€33k▼ 21.8%
2023 · €42k
2022: €30k
2023: €42k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€37k-€47k▲ 25.4%€45k▼ 3.0%
Operating result€47k-€15k▼ 68.3%€-261
Net result€32k-€9k▼ 70.6%€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €261 after €15k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57k
Fixed assets
€13k▲ 67.5%
Current assets
€44k▼ 45.5%
Equity and liabilities €57k
Equity
€45k▼ 3.0%
Debt
€12k▼ 71.2%
The debt ratio falls from 47.2% to 21.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2023 · €18k
Cash flow
€3k▼
2023 · €13k
Solvency
79.0%▲
2023 · 52.8%
Current ratio
3.95▲
2023 · 2.09
Quick ratio
3.95▲
2023 · 2.09
Debt / equity
0.27▼
2023 · 0.90
ROE
-3.1%▼
2023 · 20.3%
ROA
-2.4%▼
2023 · 10.7%
Interest coverage
4.71▼
2023 · 13.62
Debt
€12k▼
2023 · €42k
Debt ≤ 1 year
€11k▼
2023 · €38k
Debt > 1 year
€939▼
2023 · €3k
Income taxes
€338▼
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€88k€57k▼
Fixed assets21/28€8k€13k▲
Tangible fixed assets22/27€8k€13k▲
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€89€0▼
Furniture and vehicles24€6k€12k▲
Current assets29/58€80k€44k▼
Amounts receivable within one year40/41€31k€20k▼
Trade receivables40€25k€14k▼
Other amounts receivable41€6k€6k=
Cash at bank and in hand54/58€48k€22k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€88k€57k▼
Equity10/15€47k€45k▼
Contributions10/11€5k€5k=
Reserves13€42k€40k▼
Distributable reserves133€42k€40k▼
Amounts payable17/49€42k€12k▼
Amounts payable after more than one year17€3k€939▼
Financial debts170/4€3k€939▼
Amounts payable within one year42/48€38k€11k▼
Current portion of amounts payable after more than one year42€2k€2k▲
Financial debts43€6k€0▼
Credit institutions430/8€6k€0▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€14k€3k▼
Taxes450/3€14k€3k▼
Other amounts payable47/48€8k€4k▼
Accrued charges and deferred income492/3€125€0▼
Income statement
Code20232024
Non-recurring operating income76A€607€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€21k€5k▼
Operating profit (loss)9901€15k€-261▼
Financial income75/76B€54€0▼
Recurring financial income75€54€0▼
Financial charges65/66B€1k€792▼
Recurring financial charges65€1k€792▼
Profit (loss) for the period before taxes9903€13k€-1k▼
Income taxes67/77€4k€338▼
Profit (loss) for the period9904€9k€-1k▼
Profit (loss) for the period to be appropriated9905€9k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-1k▼
Transfer from equity791/2-€1k
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-1k ▼115%
Net result drops to €-1k, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro 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, Maasmechelen · 1 establishment unit since 2021
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.
Gildestraat(M) 183630 MaasmechelenGround area
927 m²
Building footprint
133 m²
Volume, LiDAR
789 m³
Parcel 73048B0840/00Z000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VG-DESIGNS
since 20212.323.975.983
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048B0840/00Z000 | Flanders | 927 m² | 1 · 133 m² | 7.9 m · 2 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
BRAMSKI BEAT
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JCW LETTRAGE
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KETTE
BE 0712.871.212
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Bodin
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Oostrozebeke · Eq €45k
Binôme Graphique
BE 0829.846.480
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Of 6,294 companies in sector 74120 we hold annual accounts for 1,011. 878 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-11-2021
Fiscal year end31-12
Activities, NACEBEL
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
01620Support activities for animal production
18130Pre-press and pre-media services
71111Activities of building architects
82990Other business support services
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.