Equity
€2.9m ▲ 5.3%
VG PROJECT has made a profit without a break since 2014.
VG PROJECT
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2005peak €1.8m (2020)
€401,898▼ 38.5%
lowest -€107,457 (2012)
€146,735▼ 61.2%
peak €2.9m (2025)
€2.9m▲ 5.3%
€3.1m▲ 7.9%
Board1 name since 2004
1 director
Documentsfilings and deeds
26-06-202635 days before the deadline
2025micro format
Gross margin from €653,836 to €401,898Result from €378,487 to €146,735Investments €3.4mCash from €239,579 to €140,832
Key points
from the 2025 annual accountsResult
€146,735 ▼ 61.2%
The result fell in 2025 from €378,487 to €146,735.
Investments
€3.4m 35.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 197.4% higher than in 2024.
Liquidity
0.33 was 1.29 in 2024
Short-term debts fell from €2.8m to €2.2m.
Filings
20 annual accounts since 2005
Five of the last ten came late. The 2020 accounts came latest: 179 days after the end of the period.
Position in the sector
€2.9m
More equity than 95% of companies in real estate. Sector median €86,489 · 19,823 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 14,768 companies had the same profile as VG PROJECT has now. Each dot stands for 37 companies, two years later.
96.1%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,768 companies, not a prediction for VG PROJECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865688079
Environmental permit refused
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 1 more · Merchtem
Registered office moved from Merchtem to Wetteren
New registered office: Massemsesteenweg 195, 9230 Wetteren (Massemen) · Previous registered office: Drielindenbaan 70-72, bus 2, 1785 Merchtem · “De aan- en verkoop, ruil, uitbating, verkaveling, onderhandeling, makelarij, beheer en verhuur van alle…” (deed in Dutch) · General meeting of 10-10-2023 · Gazette deed
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies · Merchtem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VG PROJECT Wetteren | €6.0m | €401,898 | 48.7% | - |
| DE VLAEMINCK BOUW Maldegem | €6.3m | €338,765 | 18.4% | 0.7 |
| IMMONIUM Heist-op-den-Berg | €5.7m | €415,789 | 20.2% | - |
| JELEM Berlaar | €5.6m | €406,095 | 11.3% | - |
| QUALIMMO Herstal | €5.7m | €492,483 | 26.1% | - |
| midi developpement Uccle | €5.6m | €326,866 | 15.0% | - |
| IVO VERCAMMEN PROJECTS Hasselt | €6.0m | €475,142 | 26.0% | 0.8 |
These companies have the same main activity as VG PROJECT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €5.6m and €6.3m, founded between 2003 and 2006.
Official details
Source: KBO- Status
- Active since 09-06-2004Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.139.126.0539230 Wetteren, since 13-09-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €700,000estimated
- €6.0m▲ 6.6%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on VG PROJECT
VG PROJECT files the micro format. That format states no turnover. The gross margin rose from -€56,017 in 2006 to €401,898 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VG PROJECT
- What is the company number of VG PROJECT?
- The company number of VG PROJECT is 0865.688.079. The VAT number is the same number with BE in front: BE 0865.688.079.
- Where is VG PROJECT based?
- The registered office is at Massemsesteenweg 195, 9230 Wetteren.Company details
- What does VG PROJECT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of VG PROJECT?
- VG PROJECT is a private limited company (BV).
- When was VG PROJECT founded?
- VG PROJECT was founded on 09-06-2004.
- Is VG PROJECT still active?
- Yes, VG PROJECT is an active enterprise in the KBO register.
- What is the turnover of VG PROJECT?
- The turnover in financial year 2025 is ≈ €700,000. This figure is estimated from the gross margin of €401,898 and 43 comparable companies (NACE 681). It probably lies between €530,000 and €1.2m.Financials
- Is VG PROJECT profitable?
- In financial year 2025, VG PROJECT made a profit of €146,735.
- Where can I find the annual accounts of VG PROJECT?
- VG PROJECT filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VG PROJECT due?
- VG PROJECT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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