VGE
ActiveVGE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273k and a net result of €52k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 1294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-3
Solvency97▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.87 against 3.2 in 2024; short-term debt: 20.7% and cash: 49.3% of total assets), and 27.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
72.1%
Return on assets
13.8%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
58 d early
2023
15 d early
2022
7 d early
2021
2 d early
2020
36 d early
2019
14 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€273k▲ 10.3%
2024 · €248k
2018: €84k
2019: €99k
2020: €127k
2021: €157k
2022: €173k
2023: €195k
2024: €248k
2018 → 2025
Total assets
€379k▲ 14.2%
2024 · €332k
2018: €323k
2019: €330k
2020: €341k
2021: €367k
2022: €333k
2023: €280k
2024: €332k
2018 → 2025
Net result
€52k▼ 3.7%
2024 · €54k
2018: €11k
2019: €15k
2020: €28k
2021: €30k
2022: €25k
2023: €22k
2024: €54k
2018 → 2025
Working capital
€146k▲ 25.3%
2024 · €117k
2018: €23k
2019: €40k
2020: €66k
2021: €111k
2022: €89k
2023: €66k
2024: €117k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€157k-€173k▲ 10.1%€195k▲ 12.8%€248k▲ 27.2%€273k▲ 10.3%
Operating result€47k-€38k▼ 19.9%€34k▼ 10.6%€75k▲ 122%€75k▲ 0.6%
Net result€30k-€25k▼ 16.7%€22k▼ 10.9%€54k▲ 146%€52k▼ 3.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €379k
Fixed assets
€154k▼ 4.8%
Current assets
€225k▲ 32.3%
Equity and liabilities €379k
Equity
€273k▲ 10.3%
Debt
€106k▲ 25.9%
The debt ratio rises from 25.3% to 27.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €89k
Cash flow
€67k▼
2024 · €69k
Solvency
72.1%▼
2024 · 74.7%
Current ratio
2.87▼
2024 · 3.20
Quick ratio
2.87▼
2024 · 3.20
Debt / equity
0.39▲
2024 · 0.34
ROE
19.1%▼
2024 · 21.9%
ROA
13.8%▼
2024 · 16.4%
Interest coverage
21.63▼
2024 · 32.96
Debt
€106k▲
2024 · €84k
Debt ≤ 1 year
€78k▲
2024 · €53k
Debt > 1 year
€27k▼
2024 · €31k
Income taxes
€19k▲
2024 · €18k
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€332k€379k▲
Fixed assets21/28€162k€154k▼
Intangible fixed assets21-€4k
Tangible fixed assets22/27€162k€150k▼
Land and buildings22€158k€145k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€3k€3k▼
Current assets29/58€170k€225k▲
Amounts receivable within one year40/41€33k€38k▲
Trade receivables40€33k€38k▲
Other amounts receivable41-€3
Cash at bank and in hand54/58€136k€187k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€332k€379k▲
Equity10/15€248k€273k▲
Contributions10/11€19k€19k=
Reserves13€229k€252k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€227k€250k▲
Profit (loss) carried forward14-€3k
Amounts payable17/49€84k€106k▲
Amounts payable after more than one year17€31k€27k▼
Financial debts170/4€31k€27k▼
Amounts payable within one year42/48€53k€78k▲
Current portion of amounts payable after more than one year42€3k€4k▲
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€18k€33k▲
Taxes450/3€15k€33k▲
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€24k€40k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€91k€92k▲
Operating profit (loss)9901€75k€75k▲
Financial income75/76B€0€500▲
Recurring financial income75€0€500▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€72k€72k▼
Income taxes67/77€18k€19k▲
Profit (loss) for the period9904€54k€52k▼
Profit (loss) for the period to be appropriated9905€54k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€52k▼
Transfer from equity791/2-€25k
Transfer to equity691/2€53k€48k▼
To other reserves6921€53k€48k▼
Profit to be distributed694/7€1k€27k▲
Return on contributions (dividend)694-€25k
Directors or managers695€1k€2k▲
The notes to these accounts (14 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €54k ▲146%
Net result €54k, the highest in the series.
31-12
Financial
Equity above €200kEq €248k ▲27.2%
7 profitable years in a row build equity to €248k.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €157k ▲23.4%
4 profitable years in a row build equity to €157k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €127k ▲28.7%
3 profitable years in a row build equity to €127k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Antwerpen · 1 establishment unit 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.
Vleminckveld 382000 AntwerpenGround area
62 m²
Building footprint
59 m²
Volume, LiDAR
608 m³
Parcel 11804D1711/00C000, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VGE
since 20142.231.199.839
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D1711/00C000 | Flanders | 62 m² | 1 · 59 m² | 14.8 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
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IVRenergy
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VRK CLEANING MACHINES
BE 0734.864.476
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MAINTENANCE HOLDING
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Of 1,224 companies in sector 33200 we hold annual accounts for 677. 501 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-11-2010
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.