VG PROJECTS
ActiveSummary
VG PROJECTS has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,044 and a net result of €18,544. Its solvency ranks better than 57% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes
Profitability100
Solvency75
Growth-
Track record67
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.18; short-term debt: 50.1% and cash: 50.9% of total assets), and 50.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.9%
Return on assets
46.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€20,044
Total assets
€40,185
Net result
€18,544
Working capital
€3,556
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €40,185
Fixed assets
€16,488
Current assets
€23,698
Equity and liabilities €40,185
Equity
€20,044
Debt
€20,141
Debt finances 50.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€30,417
Cash flow
€24,752
Current ratio
1.18
Debt to equity
1.00
ROE
92.5%
ROA
46.1%
Interest coverage
98.19
Debt ≤ 1 year
€20,141
Income taxes
€5,355
Staff costs
€2,631
Annual accounts
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €2,631 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,208 |
| Other operating charges640/8 | €759 |
| Gross operating margin9900 | €33,807 |
| Operating profit (loss)9901 | €24,209 |
| Financial charges65/66B | €310 |
| Recurring financial charges65 | €310 |
| Profit (loss) for the period before taxes9903 | €23,899 |
| Income taxes67/77 | €5,355 |
| Profit (loss) for the period9904 | €18,544 |
| Profit (loss) for the period to be appropriated9905 | €18,544 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €40,185 | |
| Fixed assets21/28 | €16,488 | |
| Tangible fixed assets22/27 | €16,488 | |
| Plant, machinery and equipment23 | €1,084 | |
| Furniture and vehicles24 | €15,404 | |
| Current assets29/58 | €23,698 | |
| Amounts receivable within one year40/41 | €3,244 | |
| Trade receivables40 | €2,599 | |
| Other amounts receivable41 | €645 | |
| Cash at bank and in hand54/58 | €20,454 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €40,185 | |
| Equity10/15 | €20,044 | |
| Contributions10/11 | €1,500 | |
| Capital10 | €1,500 | |
| Issued capital100 | €1,500 | |
| Reserves13 | €18,544 | |
| Distributable reserves133 | €18,544 | |
| Amounts payable17/49 | €20,141 | |
| Amounts payable within one year42/48 | €20,141 | |
| Trade debts44 | €2,257 | |
| Suppliers440/4 | €2,257 | |
| Advances received on contracts in progress46 | €2,697 | |
| Taxes, remuneration and social security45 | €5,355 | |
| Taxes450/3 | €5,355 | |
| Other amounts payable47/48 | €9,833 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €18,544 |
| + Depreciation and write-downs630 | €6,208 |
| Operating cash flow (approximation) | €24,752 |
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2024
Ground area
339 m²
Building footprint
103 m²
Volume, LiDAR
628 m³
Parcel 11011A0682/00M002, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VG PROJECTS
since 20242.367.964.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0682/00M002 | Flanders | 339 m² | 1 · 103 m² | 11.4 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
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 2,053 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
Founded11-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.