VGB Funerals
ActiveSummary
VGB Funerals has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €33k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 4621 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+11
Solvency65▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.05 in 2024; short-term debt: 59.7% and cash: 13.5% of total assets), and 59.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
40.3%
Return on assets
9.6%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 10 filingsDeviation from the deadline
2025
12 d late
2024
61 d late
2023
31 d late
2022
10 d late
2021
9 d late
2020
89 d late
2019
102 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€137k▲ 31.3%
2024 · €105k
2018: €42k
2019: €59k
2020: €84k
2021: €89k
2022: €92k
2023: €102k
2024: €105k
2018 → 2025
Total assets
€341k▲ 17.6%
2024 · €290k
2018: €304k
2019: €307k
2020: €286k
2021: €243k
2022: €269k
2023: €295k
2024: €290k
2018 → 2025
Net result
€33k▲ 1,134%
2024 · €3k
2018: €16k
2019: €17k
2020: €25k
2021: €5k
2022: €2k
2023: €10k
2024: €3k
2018 → 2025
Working capital
€52k▲ 421%
2024 · €10k
2018: €-42k
2019: €-32k
2020: €-49k
2021: €-45k
2022: €-30k
2023: €-5k
2024: €10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€92k▲ 2.6%€102k▲ 11.4%€105k▲ 2.6%€137k▲ 31.3%
Operating result€9k-€6k▼ 39.0%€17k▲ 197%€4k▼ 73.2%€46k▲ 936%
Net result€5k-€2k▼ 54.1%€10k▲ 353%€3k▼ 74.5%€33k▲ 1,134%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 936% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €341k
Fixed assets
€86k ▼ 9.8%
Current assets
€256k ▲ 30.9%
Equity and liabilities €341k
Equity
€137k ▲ 31.3%
Debt
€204k ▲ 9.9%
Debt's share of the balance-sheet total falls from 63.9% to 59.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▲
2024 · €19k
Cash flow
€45k▲
2024 · €17k
Current ratio
1.25▲
2024 · 1.05
Quick ratio
1.15▲
2024 · 0.97
Debt to equity
1.48▼
2024 · 1.77
ROE
23.9%▲
2024 · 2.5%
ROA
9.6%▲
2024 · 0.9%
Interest coverage
53.64▲
2024 · 31.04
Debt ≤ 1 year
€204k▲
2024 · €185k
Income taxes
€12k▲
2024 · €1k
Staff costs
€43k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€290k€341k▲
Fixed assets21/28€95k€86k▼
Tangible fixed assets22/27€95k€86k▼
Plant, machinery and equipment23€806€804▼
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€92k€82k▼
Current assets29/58€195k€256k▲
Stocks and contracts in progress3€16k€22k▲
Stocks30/36€16k€22k▲
Amounts receivable within one year40/41€166k€186k▲
Trade receivables40€81k€94k▲
Other amounts receivable41€85k€92k▲
Cash at bank and in hand54/58€11k€46k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€290k€341k▲
Equity10/15€105k€137k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€97k€129k▲
Amounts payable17/49€185k€204k▲
Amounts payable within one year42/48€185k€204k▲
Trade debts44€115k€127k▲
Suppliers440/4€115k€127k▲
Advances received on contracts in progress46€16k€16k=
Taxes, remuneration and social security45€14k€17k▲
Taxes450/3€7k€14k▲
Remuneration and social security454/9€7k€3k▼
Other amounts payable47/48€41k€44k▲
Accrued charges and deferred income492/3€178-
Income statement
Code20242025
Remuneration, social security and pensions62€36k€43k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€56k€103k▲
Operating profit (loss)9901€4k€46k▲
Financial income75/76B€90€0▼
Recurring financial income75€90€0▼
Financial charges65/66B€602€1k▲
Recurring financial charges65€602€1k▲
Profit (loss) for the period before taxes9903€4k€45k▲
Income taxes67/77€1k€12k▲
Profit (loss) for the period9904€3k€33k▲
Profit (loss) for the period to be appropriated9905€3k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€97k€129k▲
Profit (loss) brought forward from the previous period14P€94k€97k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
Financial
Highest result since 2018net €33k ▲1134%
Operating result €46k, net result €33k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €100kEq €102k ▲11.4%
6 profitable years in a row build equity to €102k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼54.1%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zaventem · 2 establishment units since 2014
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.
Onderwijsstraat 371930 ZaventemGround area
1,332 m²
Building footprint
1,151 m²
Volume, LiDAR
7,398 m³
2 parcels, Flanders, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VGB FUNEARALS
since 20142.238.319.441
Chaussée de Bruxelles 513, 1410 Waterloo
since 20242.354.965.604
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0356/00K003 | Flanders | 791 m² | 1 · 609 m² | 7.5 m · 2 fl. |
| 25764O0296/00A000 | Wallonia | 540 m² | 1 · 543 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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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FUNERAILLES ROMAIN
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GORSEN-FONTEYNE
BE 0651.712.613
Dilbeek · Eq €140,475
UITVAARTZORG PEERSMAN-DE RUYTE
BE 0754.862.710
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Of 903 companies in sector 96301 we hold annual accounts for 612. 513 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
96301Funeral services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.