VG EXPRESS
ActiveSummary
VG EXPRESS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,942 and a net result of €43,406. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 712 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
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 5,049 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €772 | €348 | €923 | €1,250 | €400 | ▼ 68.0% |
| Gross operating margin9900 | €4,153 | -€76 | €281 | -€3,323 | €44,805 | ▲ 1,448% |
| Operating profit (loss)9901 | €3,381 | -€423 | -€642 | -€4,573 | €44,406 | ▲ 1,071% |
| Financial income75/76B | - | €176 | €154 | €93 | €194 | ▲ 109% |
| Recurring financial income75 | - | €176 | €154 | €93 | €194 | ▲ 109% |
| Financial charges65/66B | €986 | €1,414 | €1,529 | €707 | €1,193 | ▲ 68.9% |
| Recurring financial charges65 | €986 | €1,414 | €1,529 | €707 | €1,193 | ▲ 68.9% |
| Profit (loss) for the period before taxes9903 | €2,395 | -€1,661 | -€2,017 | -€5,187 | €43,406 | ▲ 937% |
| Profit (loss) for the period9904 | €2,395 | -€1,661 | -€2,017 | -€5,187 | €43,406 | ▲ 937% |
| Profit (loss) for the period to be appropriated9905 | €2,395 | -€1,661 | -€2,017 | -€5,187 | €43,406 | ▲ 937% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,059 | €7,884 | €1,010 | €3,340 | €53,189 | ▲ 1,492% |
| Current assets29/58 | €3,059 | €7,884 | €1,010 | €3,340 | €53,189 | ▲ 1,492% |
| Amounts receivable within one year40/41 | €308 | €7,857 | €1,010 | €3,144 | €23,995 | ▲ 663% |
| Trade receivables40 | - | - | - | - | €18,000 | - |
| Other amounts receivable41 | €308 | €7,857 | €1,010 | €3,144 | €5,995 | ▲ 90.7% |
| Cash at bank and in hand54/58 | €2,751 | €26 | - | €104 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €93 | €29,194 | ▲ 31,359% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,059 | €7,884 | €1,010 | €3,340 | €53,189 | ▲ 1,492% |
| Equity10/15 | -€24,599 | -€26,260 | -€28,278 | -€33,464 | €9,942 | ▲ 130% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Outside capital11 | €40,000 | - | - | - | - | - |
| Other1109/19 | €40,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€64,599 | -€66,260 | -€68,278 | -€73,464 | -€30,058 | ▲ 59.1% |
| Amounts payable17/49 | €27,658 | €34,144 | €29,287 | €36,804 | €43,247 | ▲ 17.5% |
| Amounts payable after more than one year17 | €3,375 | - | - | - | - | - |
| Financial debts170/4 | €3,375 | - | - | - | - | - |
| Amounts payable within one year42/48 | €24,283 | €33,506 | €26,938 | €36,020 | €42,847 | ▲ 19.0% |
| Current portion of amounts payable after more than one year42 | €6,103 | €4,479 | - | - | - | - |
| Financial debts43 | - | - | €813 | - | - | - |
| Other loans439 | - | - | €813 | - | - | - |
| Trade debts44 | €2,275 | €1,611 | €1,222 | €3,577 | €5,700 | ▲ 59.3% |
| Suppliers440/4 | €2,275 | €1,611 | €1,222 | €3,577 | €5,700 | ▲ 59.3% |
| Taxes, remuneration and social security45 | €1,555 | €1,572 | - | - | - | - |
| Taxes450/3 | €1,555 | €1,572 | - | - | - | - |
| Other amounts payable47/48 | €14,350 | €25,844 | €24,902 | €32,442 | €37,147 | ▲ 14.5% |
| Accrued charges and deferred income492/3 | - | €638 | €2,350 | €785 | €400 | ▼ 49.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,395 | -€1,661 | -€2,017 | -€5,187 | €43,406 | ▲ 937% |
| Operating cash flow (approximation) | €2,395 | -€1,661 | -€2,017 | -€5,187 | €43,406 | ▲ 937% |
| Change in cash | - | -€2,725 | - | - | - | - |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92048D0274/00P000 | Wallonia | 5.9 ha | 1 · 737 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.