VGB SERVICES

Active

Private limited companyfounded 20223 yrs activeVeemarkt(Kor) 1, 8500 Kortrijk, BelgiumKBO/BCE: BE 0792.608.576

VGB SERVICES has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €4k. Its solvency ranks better than 80% of 782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2025

80 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability98▼-2

Solvency100▲+11

Growth52

Track record94

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 4.35 against 2.23 in 2024; short-term debt: 19.6% and cash: 18.9% of total assets), and 19.6% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 78

Relative position

BE, all sectors

reference

Sector 78

lower

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-09-2025, 46 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

46 d early

2024

31 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close18-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€16k▲ 30.2%

2024 · €12k

2024: €12k

2024 → 2025

Total assets

€19k▲ 4.1%

2024 · €19k

2024: €19k

2024 → 2025

Net result

€4k▼ 63.6%

2024 · €12k

2024: €12k

2024 → 2025

Working capital

€13k▲ 56.3%

2024 · €8k

2024: €8k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€12k-€16k▲ 30.2%

Operating result€17k-€7k▼ 57.8%

Net result€12k-€4k▼ 63.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 58% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €19k

14.6%

85.4%

Fixed assets €3k▼ 25.7%

Current assets €16k▲ 11.8%

Equity and liabilities €19k

80.4%

19.6%

Equity €16k▲ 30.2%

Debt €4k▼ 42.8%

The debt ratio falls from 35.7% to 19.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€8k▼

2024 · €21k

Cash flow

€5k▼

2024 · €16k

Solvency

80.4%▲

2024 · 64.3%

Current ratio

4.35▲

2024 · 2.23

Quick ratio

4.35▲

2024 · 2.23

Debt / equity

0.24▼

2024 · 0.55

ROE

28.7%▼

2024 · 102.8%

ROA

23.1%▼

2024 · 66.1%

Interest coverage

122.68▼

2024 · 263.48

Debt

€4k▼

2024 · €7k

Debt ≤ 1 year

€4k▼

2024 · €7k

Income taxes

€3k▼

2024 · €5k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€19k€19k▲

Fixed assets21/28€4k€3k▼

Tangible fixed assets22/27€4k€3k▼

Furniture and vehicles24€4k€3k▼

Current assets29/58€15k€16k▲

Amounts receivable after more than one year29-€6k

Other amounts receivable291-€6k

Amounts receivable within one year40/41€6k€7k▲

Trade receivables40€2k€4k▲

Other amounts receivable41€4k€2k▼

Cash at bank and in hand54/58€9k€4k▼

Equity and liabilities

Total equity and liabilities10/49€19k€19k▲

Equity10/15€12k€16k▲

Contributions10/11€500€500=

Reserves13€11k€15k▲

Distributable reserves133€11k€15k▲

Amounts payable17/49€7k€4k▼

Amounts payable within one year42/48€7k€4k▼

Taxes, remuneration and social security45€250€863▲

Taxes450/3€250€863▲

Other amounts payable47/48€6k€3k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€976▼

Other operating charges640/8€1k€1k▼

Gross operating margin9900€23k€9k▼

Operating profit (loss)9901€17k€7k▼

Financial income75/76B-€1

Recurring financial income75-€1

Financial charges65/66B€81€67▼

Recurring financial charges65€81€67▼

Profit (loss) for the period before taxes9903€17k€7k▼

Income taxes67/77€5k€3k▼

Profit (loss) for the period9904€12k€4k▼

Profit (loss) for the period to be appropriated9905€12k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€12k€4k▼

Transfer to equity691/2€11k€4k▼

To other reserves6921€11k€4k▼

Profit to be distributed694/7€833€859▲

Return on contributions (dividend)694€833€859▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-10-2026

2025

15-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2024

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

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, Kortrijk · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Veemarkt(Kor) 18500 Kortrijk

Ground area

719 m²

Building footprint

70 m²

Volume, LiDAR

838 m³

Parcel 34353H1021/00D003, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

VGB SERVICES

Veemarkt(Kor) 1, 8500 KortrijkEmployment placement agencies

since 20222.336.894.801

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34353H1021/00D003	Flanders	719 m²	1 · 69 m²	15.7 m · 4 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

Zwarte Zebra

BE 0832.983.144

Houthalen-Helchteren · Eq €15k

Of 2,362 companies in sector 78100 we hold annual accounts for 1,365. 786 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded18-10-2022

Fiscal year end31-03

Activities, NACEBEL

78100Employment placement agencies

82990Other business support services

84249Public administration and defence; compulsory social security

96999Other personal services

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:tim.vanglabeke@hotmail.com

Enterprise

Phone:+32 498 37 86 12

Enterprise