VGC Industrial Services
ActiveVGC Industrial Services has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+57
Solvency38▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.04 in 2024; short-term debt: 86.6% and cash: 4.8% of total assets), and 86.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
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
13.4%
Return on assets
9.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 479 sector peers (2025).
NBB · sector comparisonPosition among 479 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €27k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
28 d late
2023
2 d late
2022
76 d early
2021
16 d early
2020
29 d early
2019
28 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€27k▲ 213%
2024 · €9k
2018: €164k
2019: €214k
2020: €2k
2021: €10k
2022: €67k
2023: €8k
2024: €9k
2018 → 2025
Total assets
€201k▲ 6.3%
2024 · €189k
2018: €196k
2019: €229k
2020: €54k
2021: €89k
2022: €107k
2023: €282k
2024: €189k
2018 → 2025
Net result
€18k▲ 2,392%
2024 · €738
2018: €89k
2019: €50k
2020: €41k
2021: €63k
2022: €57k
2023: €1k
2024: €738
2018 → 2025
Working capital
€25k▲ 245%
2024 · €7k
2018: €163k
2019: €213k
2020: €2k
2021: €-10k
2022: €59k
2023: €7k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€67k▲ 580%€8k▼ 88.2%€9k▲ 9.3%€27k▲ 213%
Operating result€70k-€46k▼ 35.1%€14k▼ 68.9%€2k▼ 86.1%€39k▲ 1,872%
Net result€63k-€57k▼ 8.9%€1k▼ 98.1%€738▼ 31.3%€18k▲ 2,392%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,872% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€2k▲ 51.4%
Current assets
€199k▲ 5.9%
Equity and liabilities €201k
Equity
€27k▲ 213%
Debt
€174k▼ 3.6%
The debt ratio falls from 95.4% to 86.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▲
2024 · €2k
Cash flow
€19k▲
2024 · €1k
Solvency
13.4%▲
2024 · 4.6%
Current ratio
1.14▲
2024 · 1.04
Quick ratio
0.76▲
2024 · 0.71
Debt / equity
6.45▼
2024 · 20.91
ROE
68.0%▲
2024 · 8.5%
ROA
9.1%▲
2024 · 0.4%
Interest coverage
9.93▲
2024 · 0.46
Debt
€174k▼
2024 · €181k
Debt ≤ 1 year
€174k▼
2024 · €181k
Income taxes
€17k▲
2024 · €-4k
Staff costs
€117k▼
2024 · €134k
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€189k€201k▲
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€1k€2k▲
Plant, machinery and equipment23€1k€818▼
Furniture and vehicles24-€1k
Financial fixed assets28-€30
Current assets29/58€188k€199k▲
Stocks and contracts in progress3€59k€67k▲
Stocks30/36€8k€10k▲
Contracts in progress37€52k€57k▲
Amounts receivable within one year40/41€119k€121k▲
Trade receivables40€116k€119k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€10k€10k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€189k€201k▲
Equity10/15€9k€27k▲
Reserves13€9k€27k▲
Distributable reserves133€9k€27k▲
Amounts payable17/49€181k€174k▼
Amounts payable within one year42/48€181k€174k▼
Trade debts44€72k€108k▲
Suppliers440/4€72k€108k▲
Taxes, remuneration and social security45€22k€44k▲
Taxes450/3€3k€15k▲
Remuneration and social security454/9€20k€28k▲
Other amounts payable47/48€87k€23k▼
Income statement
Code20242025
Remuneration, social security and pensions62€134k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€407€764▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€699€520▼
Gross operating margin9900€137k€164k▲
Operating profit (loss)9901€2k€39k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-3k€35k▲
Income taxes67/77€-4k€17k▲
Profit (loss) for the period9904€738€18k▲
Profit (loss) for the period to be appropriated9905€738€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€738€18k▲
Transfer to equity691/2€738€18k▲
To other reserves6921€738€18k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (6 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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €738 ▼31.3%
Net result drops to €738, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.89
Current ratio from 0.88 to 2.89; short-term debt falls from €79k to €31k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 14.64
Current ratio from 6.08 to 14.64; short-term debt falls from €32k to €16k.
31-12
Financial
Equity above €200kEq €214k ▲30.6%
2 profitable years in a row build equity to €214k.
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 64 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Brasschaat · 1 establishment unit since 2000
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.
Bredabaan 8182930 BrasschaatGround area
1,237 m²
Building footprint
368 m²
Volume, LiDAR
1,179 m³
Parcel 11008B0139/00T021, Flanders · tallest building 12.2 m. Linked by address, not a title deed.
1 establishment unit
CCSI
since 20002.100.730.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008B0139/00T021 | Flanders | 1,237 m² | 1 · 368 m² | 12.2 m |
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.
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Of 887 companies in sector 33110 we hold annual accounts for 440. 290 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-2000
Fiscal year end31-12
Activities, NACEBEL
33110Repair and maintenance of fabricated metal products
25530Machining of metals
33130Repair, maintenance and installation of machinery and equipment
33200Installation of industrial machinery and equipment
62900Other information technology and computer services
71121Engineering and related technical consultancy, excluding land surveyors
78200Temporary employment agencies and other provision of personnel
78300Employment activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.