VGBR GROUP
ActiveSummary
The computed 12-month bankruptcy probability of VGBR GROUP is 3.1% (moderate). For VGBR GROUP, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €55,171 and a net result of €6,781. Its solvency ranks better than 78% of 36378 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability80▼-20
Solvency97▲+5
Growth52
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
72.3%
Return on assets
8.9%
Age of the figures
27 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 242 days later.
NBB · 2 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 04-08-2025, 185 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
185 d late
2023
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€55,171▲ 14.0%
2023 · €48,391
Total assets
€76,287▲ 6.2%
2023 · €71,800
Net result
€6,781▼ 85.2%
2023 · €45,891
Working capital
€40,047▲ 12.3%
2023 · €35,650
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€56,423-€12,231▼ 78.3%
Net result€45,891above the sector's middle half-€6,781within the sector's middle half▼ 85.2%
Equity€48,391within the sector's middle half-€55,171within the sector's middle half▲ 14.0%
Total assets€71,800within the sector's middle half-€76,287within the sector's middle half▲ 6.2%
Debt€23,410-€21,115▼ 9.8%
Working capital€35,650within the sector's middle half-€40,047within the sector's middle half▲ 12.3%
Solvency67.4%within the sector's middle half-72.3%above the sector's middle half▲ 4.9pp
Current ratio2.52within the sector's middle half-2.90within the sector's middle half▲ 0.37
Return on assets (ROA)63.9%above the sector's middle half-8.9%within the sector's middle half▼ 55.0pp
Staff (FTE)0.9
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75,710
Fixed assets
€14,547 ▲ 21.4%
Current assets
€61,162 ▲ 3.6%
Equity and liabilities €76,287
Equity
€55,171 ▲ 14.0%
Debt
€21,115 ▼ 9.8%
Debt's share of the balance-sheet total falls from 32.6% to 27.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,121▼
2023 · €58,112
Cash flow
€11,671▼
2023 · €47,579
Debt to equity
0.38▼
2023 · 0.48
ROE
12.3%▼
2023 · 94.8%
Interest coverage
109.01▼
2023 · 1165.97
Debt ≤ 1 year
€21,115▼
2023 · €23,410
Income taxes
€5,293▼
2023 · €11,498
Staff costs
€40,585▲
2023 · €4,905
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €4,905 | €40,585 | ▲ 727% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,689 | €4,890 | ▲ 190% |
| Other operating charges640/8 | €211 | €8,673 | ▲ 4,010% |
| Gross operating margin9900 | €63,228 | €66,379 | ▲ 5.0% |
| Operating profit (loss)9901 | €56,423 | €12,231 | ▼ 78.3% |
| Financial income75/76B | €1,015 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,015 | €0 | ▼ 100.0% |
| Financial charges65/66B | €50 | €157 | ▲ 215% |
| Recurring financial charges65 | €50 | €157 | ▲ 215% |
| Profit (loss) for the period before taxes9903 | €57,389 | €12,074 | ▼ 79.0% |
| Income taxes67/77 | €11,498 | €5,293 | ▼ 54.0% |
| Profit (loss) for the period9904 | €45,891 | €6,781 | ▼ 85.2% |
| Profit (loss) for the period to be appropriated9905 | €45,891 | €6,781 | ▼ 85.2% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €71,800 | €76,287 | ▲ 6.2% |
| Formation expenses20 | €759 | €577 | ▼ 24.0% |
| Fixed assets21/28 | €11,982 | €14,547 | ▲ 21.4% |
| Tangible fixed assets22/27 | €11,982 | €14,547 | ▲ 21.4% |
| Plant, machinery and equipment23 | €1,605 | €1,045 | ▼ 34.9% |
| Furniture and vehicles24 | €10,377 | €13,502 | ▲ 30.1% |
| Current assets29/58 | €59,059 | €61,162 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €55,204 | €52,734 | ▼ 4.5% |
| Trade receivables40 | €20,015 | €31,130 | ▲ 55.5% |
| Other amounts receivable41 | €35,189 | €21,604 | ▼ 38.6% |
| Cash at bank and in hand54/58 | €3,855 | €8,428 | ▲ 119% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €71,800 | €76,287 | ▲ 6.2% |
| Equity10/15 | €48,391 | €55,171 | ▲ 14.0% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Outside capital11 | €2,500 | €2,500 | = |
| Other1109/19 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €45,891 | €52,671 | ▲ 14.8% |
| Amounts payable17/49 | €23,410 | €21,115 | ▼ 9.8% |
| Amounts payable within one year42/48 | €23,410 | €21,115 | ▼ 9.8% |
| Trade debts44 | €11,912 | €15,822 | ▲ 32.8% |
| Suppliers440/4 | €11,912 | €15,822 | ▲ 32.8% |
| Taxes, remuneration and social security45 | €11,498 | €5,293 | ▼ 54.0% |
| Taxes450/3 | €11,498 | €5,293 | ▼ 54.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €45,891 | €6,781 | ▼ 85.2% |
| + Depreciation and write-downs630 | €1,689 | €4,890 | ▲ 190% |
| Operating cash flow (approximation) | €47,579 | €11,671 | ▼ 75.5% |
| Investment in fixed assets (approximation) | - | -€7,455 | - |
| Change in cash | - | €4,573 | - |
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
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 185 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
Ground area
204 m²
Building footprint
84 m²
Volume, LiDAR
479 m³
Parcel 11019B0155/00M003, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VGBR GROUP
since 20222.335.998.144
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0155/00M003 | Flanders | 204 m² | 1 · 84 m² | 11.0 m · 1 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.
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Of 22,818 companies in sector 43211 we hold annual accounts for 10,336. 8,633 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
Founded01-08-2022
Fiscal year end30-06
Trade name NL
Velinfra
Activities, NACEBEL 2025
43120Site preparation
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0789263759
Also
9925:BE0789263759
Registered
12-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.