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VGEX

Active Risk: not assessed Private limited companyfounded 2011active for 15 yearsDelleurlaan 31-33, 1170 Watermael-BoitsfortKBO/BCE: BE 0836.632.522
VGEX
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Overview

Lifetime

14 annual accounts with figures on one time axis
peak €284,586 (2019)
€270,330▲ 4.1%
lowest -€120,912 (2024)
-€20,306▼ €102,579
peak €737,449 (2023)
€492,777▼ 29.5%
€821,563▲ 16.4%
Board1 name since 2011
1 directorVincent Guy Eugène GOYENS
Documentsfilings and deeds
02-10-202629 days before the deadline
2026micro format
Loss of €20,306Dividend €185,726Equity from €698,809 to €492,777Debts from €705,630 to €821,563Cash from €62,292 to €15,897

Key points

from the 2026 annual accounts

Equity

€492,777 ▼ 29.5%
698,8092025-20,306Loss-185,726Dividend492,7772026

VGEX paid out €185,726 in dividends in a year with a loss of €20,306.

Result

-€20,306 -€20,306
€82,3002025-€20,3002026

From profit to loss in 2026, after a profit of €82,273 in 2025.

Turnover

≈ €430,000 estimated

The accounts state no turnover.

Investments

€25,776 0.1 × depreciation
20222023202420252026

Green is investment, beige is depreciation.

Filings

14 annual accounts since 2012
deadline201520202025

The last five annual accounts were filed 7 to 32 days before the end of the period.

Position in the sector

-€20,306

Lower net result than 94% of companies in auxiliary financial services. Sector median €19,735 · 59 companies.

Financial institution: outside the modelBankruptcy probability: sector outside the model

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Two signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 59 sector peers (2026).
NBB · sector comparison
Position among 59 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 02-10-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
29 days early
2025
32 days early
2024
31 days early
2023
7 days early
2022
31 days early
2021
30 days early
2020
33 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 66), the median for financial year 2024 was 5 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0836632522
Appointment: GOYENS Vincent (director) General meeting of 15-11-2023 · Gazette deed
Incorporation published on 10-06-2011 · Gazette deed
First establishment Delleurlaan 31-33, Watermael-Boitsfort
All 29 events

Comparable companies

same main activity, similar in size and age
Company
VGEX Watermael-Boitsfort €2.6m €270,330 18.7% -
PVG CONSULTS Lasne €3.4m €345,426 8.7% -
DEF EXPERTISES Fernelmont €1.5m €266,051 10.0% -
EPB Lipa Dendermonde €1.4m €227,943 30.8% -
EXECO Nazareth-De Pinte €1.5m €185,023 91.5% -
BH CONSULTING Ghent €1.4m €284,603 38.5% -
MARTIN DEBAEKE Grez-Doiceau €1.6m €156,299 44.2% -

These companies have the same main activity as VGEX: risk and damage evaluation (NACE 66210). They are comparable in size and age: total assets between €1.4m and €3.4m, founded between 2006 and 2012.

Official details

Source: KBO
Status
Active since 30-05-2011Normal situation
Activity
Risk and damage evaluationNACE 66210
Establishment unit
2.200.732.1391170 Watermael-Boitsfort, since 30-05-2011
Financial year end
31 March
Peppol
Reachable since 17-11-2025
Company details

Annual accounts to 31-03-2026

€20,306
€492,777▼ 29.5%
€2.6m▼ 3.7%
Filing
Filed on 02-10-2026, 29 days before the end of the filing period
Financials

Insights on VGEX

VGEX files the micro format. That format states no turnover. The gross margin rose from €153,591 in 2012 to €270,330 in 2026.

The balance sheet grew most from 2016 to 2018 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

micro format, filed on 02-10-2026, 29 days before the deadline
€492,777
▼ 29.5%
€2.6m
▼ 3.7%
-€20,306
▼ €102,579
18.7%
▼ 6.8 percentage points
-4.1%
▼ 15.9 percentage points
-0.8%
▼ 3.8 percentage points

The turnover shown is an estimate from the gross margin.

Balance sheet

balance sheet total €2.6m on 31-03-2026
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

18.7%

Higher than 30% of 3,076 companies in 2025.

-0.8%

Higher than 27% of 3,021 companies in 2025.

VGEX Middle half of the sector 80% of the sector Micro accounts in auxiliary financial services (NACE 66)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20262025202420232022202120202019201820172016201520132012
Balance sheet: assets
20/58 2.6m2.7m2.8m3.1m2.8m3.1m3.3m3.3m3.3m3.0m2.8m1.7m417,230186,219
20 ------------0-
21/28 2.4m2.6m2.7m2.2m1.7m3.0m3.1m3.2m3.2m2.9m2.8m1.6m375,38043,884
22/27 2.4m2.6m2.7m2.2m1.7m1.7m1.7m1.8m1.9m1.6m1.5m367,825375,35543,859
22 2.1m2.2m2.3m1.8m1.4m1.4m1.5m1.5m1.6m1.3m1.4m328,034342,078-
23 5938831,3426149333186219231,2261,528172205255288
24 24,59454,88987,73116,28812,08437,09165,08197,357119,7235,3154,43316,19831,53443,571
26 268,570313,231341,354350,409288,536181,922185,673197,894224,238215,72091,82223,3881,488-
27 ---26,50052,000---------
28 25252525251.4m1.4m1.4m1.3m1.3m1.3m1.3m2525
29/58 207,602159,59170,522835,9601.0m48,965126,784126,91386,968116,16181,43183,71041,849142,335
40/41 179,79285,85224,84516,18415,18129,90014,80429,35175,98467,51641,59449,96031,80883,846
40 19,08418,92714,84516,18415,18129,90014,80426,42656,71967,51641,59433,27526,43927,007
41 160,70866,92510,000----2,92519,265--16,6855,37056,839
54/58 15,89762,29231,709811,7911.0m10,407103,45182,24910,93347,32339,83731,3939,41558,489
490/1 11,91311,44813,9687,9859,4908,6598,52915,313511,322-2,358626-
Balance sheet: equity and liabilities
10/49 2.6m2.7m2.8m3.1m2.8m3.1m3.3m3.3m3.3m3.0m2.8m1.7m417,230186,219
10/15 492,777698,809616,536737,449450,288186,68087,171100,95773,39789,79331,30172,32814,74096,894
10/11 12,40012,40012,40012,40012,40012,400-12,40012,40012,40012,40012,40012,40012,400
100 -------18,60018,60018,60018,60018,60018,60018,600
101 -------6,2006,2006,2006,2006,2006,2006,200
11 ------12,400-------
1100/10 ------12,400-------
13 621,596807,322725,049725,049451,675188,06788,55788,55777,39377,39359,92859,9282,3401,860
130/1 1,8601,8601,8601,8601,8601,8601,860-------
130 -------1,8601,8601,8601,8601,8601,8601,860
1311 1,8601,8601,8601,8601,8601,860--------
1319 ------1,860-------
133 619,736805,462723,189723,189449,815186,20786,69786,69775,53375,53358,06858,068480-
14 -141,219-120,912-120,912--13,787-13,787-13,787--16,3960-41,027--82,634
16 1.3m1.3m1.3m1.4m1.4m1.4m1.4m1.4m1.3m1.3m1.3m1.3m--
160/5 1.3m1.3m1.3m1.4m1.4m1.4m1.4m1.4m1.3m1.3m1.3m1.3m--
160 --------1.3m1.3m----
163 -1.3m1.3m1.4m1.4m1.4m1.4m1.4m------
164/5 1.3m-------------
17/49 821,563705,630823,376961,874972,0781.5m1.8m1.8m1.9m1.6m1.5m379,232402,48989,325
17 467,566---630,479747,293862,733993,1111.1m1.3m1.4m270,912321,53118,889
170/4 467,566---630,479747,293862,733993,1111.1m1.3m1.4m270,912321,53118,889
42/48 349,016703,480822,426950,195341,156785,294914,713852,012783,920314,562140,175108,32080,95870,436
42 123,121--17,145116,814115,440130,378151,507154,78333,73132,57731,46244,91614,622
44 4,9442,8869754,8671,19411,5971,3371,8811,71538211,021-81410,229
440/4 4,9442,8869754,8671,19411,5971,3371,8811,71538211,021-81410,229
46 -19,49821,5188,0201,5001,5001,5001,5001,500-----
45 16,50721,5639,29836,21637,98624,54313,54914,36728,06036,69319,29562,41535,22845,585
450/3 16,50721,5639,29836,21637,98624,54313,54914,36728,06036,69319,29562,41535,22845,585
454/9 ------------0-
47/48 204,444659,532790,634883,947183,661632,214767,950682,757597,862243,75677,28114,4440-
492/3 4,9822,15095011,6794442,6543,1863,0012,500-110---
Income statement
76A 0-------------
9900 270,330259,578220,977106,585172,706240,227222,992284,586259,627282,288277,632282,670128,093153,591
630 174,255180,947230,793181,939124,766115,707114,467111,947137,27368,433198,92137,46865,53917,054
635/8 -11,622-11,369-11,150-10,808-10,569-10,266-9,940-------
640/8 20,85421,99819,62811,92924,88714,56513,86910,20420,58914,81315,1754,2662,7936,065
66A 1,253-------------
9901 85,59068,002-18,294-76,47433,622120,221104,596162,435101,766199,04263,536240,93659,761130,472
75/76B 38125,00211500,000368,205138,6063-03161,0884,557662
75 38211-6138,6063-03161,0884,557662
76B -125,000-500,000368,199---------
65/66B 105,652102,206102,332108,720111,526114,392117,817120,886117,427116,030104,651107,6284,0841,101
65 105,652102,206102,332108,720111,526114,392117,817120,886117,427116,030104,651107,6284,0841,101
9903 -20,02490,798-120,615314,806290,301144,435-13,21841,550-15,66183,015-41,099134,39660,234130,033
67/77 2838,52529827,64626,69344,92556813,19073524,523-7246,80822,38845,539
9904 -20,30682,273-120,912287,161263,60899,510-13,78728,360-16,39658,492-41,02787,58837,84684,494
9905 -20,30682,273-120,912287,161263,60899,510-13,78728,360-16,39658,492-41,02787,58837,84684,494
Appropriation of the result
9906 -141,219-38,639-120,912273,374249,82285,723-13,78711,964-16,39617,465-41,02787,58837,84684,494
14P -120,912-120,912--13,787-13,787---------
791/2 185,726-----------82,500-
691/2 082,273-273,374263,60899,510-11,164-17,465-57,5883461,860
6920 -------------1,860
6921 082,273-273,374263,60899,510-11,164-17,465-57,588346-
694/7 185,726------800---30,000120,000-
694 185,726------800----120,000-
695 -----------30,000--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 02-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 02-10-2026 2026-00545458 PDF
31-03-2025 micro format 29-09-2025 2025-00529736 PDF
31-03-2024 micro format 30-09-2024 2024-00484656 PDF
31-03-2023 micro format 24-10-2023 2023-00493552 PDF
31-03-2022 full format 30-09-2022 2022-20449625 PDF
31-03-2021 full format 01-10-2021 2021-70700060 PDF
31-03-2020 full format 28-09-2020 2020-56800526 PDF
31-03-2019 full format 30-09-2019 2019-67300026 PDF
31-03-2018 full format 04-10-2018 2018-68600325 PDF
31-03-2017 full format 11-10-2017 2017-67100115 PDF
31-03-2016 full format 21-10-2016 2016-66000428 PDF
31-03-2015 full format 01-10-2015 2015-63500148 PDF
30-09-2013 full format 31-12-2013 2013-70300230 PDF
30-09-2012 full format 26-12-2012 2012-68100062 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20262025202420232022202120202019201820172016201520132012
25,77645,035752,169683,094212,69037,37723,37980,625518,806172,8341.3m1.3m397,03559,978
-46,39530,583-780,082-209,0041.0m-93,04421,20271,316-36,3907,4868,444--49,074-
18.7%25.6%22.2%24.2%16.2%6.0%2.7%3.0%2.2%3.0%1.1%4.2%3.5%52.0%
-4.1%11.8%-19.6%38.9%58.5%53.3%-15.8%28.1%-22.3%65.1%-131.1%121.1%256.8%87.2%
-0.8%3.0%-4.3%9.4%9.5%3.2%-0.4%0.8%-0.5%2.0%-1.4%5.1%9.1%45.4%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets€25,776€45,035€752,169€683,094€212,690
Financial fixed assets€0----
€174,255€180,947€230,793€181,939€124,766

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on VGEX

The operating result for 2026 is 26% higher than in 2025 and the highest since 2021. It is the third rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 25.8% to 31.2%. Equity is lower and debt is higher.

Large changes and their cause
  • 2022 Net result +165% on 2021. The 2022 profit included a one-off income of €368,199.

Board & ownership

Board

1 director, last change in 2023
Vincent Guy Eugène GOYENS
Director
since 15-11-2023 term without a fixed end
also on the board of 1 other company
listed in the 2026 annual accounts, filed on 02-10-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Vincent Guy Eugène GOYENS
Director
Board
Mandates as a list
  • Vincent Guy Eugène GOYENS
    • Director, from 30-05-2011 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€12,400
Source
2026 annual accounts

Articles of association

deed of 22-11-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of September at 16:00

Network & group

Holdings

own accounts to 31-03-2022, the bar shows equity in euros
This companyVGEX1 holding, 1 country accounts to 31-03-2022

Belgium 1 Equity Result

  • BE GEXA SRL25%no longer active €736,339 result -€1.5m

Source: list of holdings in its own 31-03-2022 accounts. Every holding stands with its own latest accounts.

The LEI register names no parent.

Earlier ties

FARINAUX-GYSENS
via Vincent Guy Eugène GOYENS, no longer at FARINAUX-GYSENS · Director
No longer active
 3.1 FTE (2021)

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2015 to 2022
Holdings through the years
Name20152016201720182019202020212022
GROUPE EXPERTISES AUTOMOBILES 25%

Source: list of holdings in its own accounts

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
GOMANIRE
via Vincent Guy Eugène GOYENS · Director (not named in the articles) · deed of 18-12-2023
Founded in 2023 · total assets €1.8m (2025) · negative equity
→

Timeline

Timeline

29 events since 2011

Deadline for the 2027 accounts: 31-10-2027

2026
Annual accounts 2026 filed NBBmicro format · 29 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0836632522
Annual accounts 2025 filed PDFmicro format · 32 days before the deadline
Back to profit net €82,273 The net result is €82,273, after one loss-making year.
2024
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
Weakest financial year net -€120,912 The net result drops to -€120,912, the lowest from 2012 to 2026. It recovers the following year.
2023
Appointment: GOYENS Vincent (director)General meeting of 15-11-20235 points ▸
  • General meeting, 15-11-2023
  • 100 shares
  • Board rule, 1
  • Director appointment, GOYENS Vincent
  • Registered office clause, Avenue Delleur, 31-33, 1170 Watermael-Boitsfort
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 7 days before the deadline
Highest result from 2012 to 2026 net €287,161 ▲8.9% The net result of €287,161 is the highest of those years.
Equity above €500,000 equity €737,449 ▲63.8% After 3 profitable years in a row, equity reaches €737,449.
2022
Annual accounts 2022 filed PDFfull format · 31 days before the deadline
Liquidity more than 49 times current ratio 3.06 The current ratio rises from 0.06 to 3.06. Short-term debt falls from €785,294 to €341,156.
Equity above €200,000 equity €450,288 ▲141% After 2 profitable years in a row, equity reaches €450,288.
2021
Annual accounts 2021 filed PDFfull format · 30 days before the deadline
Back to profit net €99,510 The net result is €99,510, after one loss-making year.
Equity above €150,000 equity €186,680 ▲114% Equity rises from €87,171 to €186,680.
2020
Annual accounts 2020 filed PDFfull format · 33 days before the deadline
2019
Annual accounts 2019 filed PDFfull format · 31 days before the deadline
Back to profit net €28,360 The net result is €28,360, after one loss-making year.
Equity above €100,000 equity €100,957 ▲37.5% Equity rises from €73,397 to €100,957.
2018
Annual accounts 2018 filed PDFfull format · 27 days before the deadline
2017
Annual accounts 2017 filed PDFfull format · 20 days before the deadline
Back to profit net €58,492 The net result is €58,492, after one loss-making year.
2016
Annual accounts 2016 filed PDFfull format · 10 days before the deadline
2015
Annual accounts 2015 filed PDFfull format · 30 days before the deadline
2013
Annual accounts 2013 filed PDFfull format · 120 days before the deadline
2012
Annual accounts 2012 filed PDFfull format · 125 days before the deadline
2011
Incorporation PDFpublished on 10-06-2011
First establishment Delleurlaan 31-33, Watermael-Boitsfort

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

VGEX was incorporated on 30 May 2011.1 Total assets fell from €3.3m in 2019 to €2.6m in 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Company details

Identity

Enterprise number
0836.632.522
VAT number
BE 0836.632.522
Peppol ID
0208:0836632522
LEI code
98450089EF8BB902A313 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
30-05-2011
Financial year
ends on 31 March
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of September at 16:00
deed of 22-11-2023 (in French)
Peppol
Reachable since 17-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VGEX in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-11-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 22-11-2023 (in French)

Activities

NACEBEL 2025
66210 Risk and damage evaluation main activity
Codes under NACEBEL 2008
66210 Activities auxiliary to financial services and insurance activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’expertise automobile et tous autres genres de véhicules,machines et matériel; Le management consulting,comprenant le conseil en…”
4 activities
  1. L’expertise automobile et tous autres genres de véhicules,machines et matériel
  2. Le management consulting,comprenant le conseil en stratégie,organisation et innovation,le conseil en gestion des ressources humaines,techniques,financières et informatiques,dans les secteurs privés et publics
  3. Le développement des ressources humaines et de la performance,comprenant l’analyse et la constitution d’équipes dirigeantes,l’organisation de consultations individuelles et de séminaires de groupe,la mise sur pied d’évènements et de formations
  4. L’achat,la vente,le lotissement,la promotion,la démolition,la reconstruction,la transformation,la rénovation,la mise en valeur,la location,la sous-location,la gestion et l’entretien de tous immeubles bâtis ou non,la négociation de tous accords et contrats,pour son compte,se rapportant à des droits immobiliers ou mobiliers en découlant directement et tous services s’y rapportant
deed of 22-11-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Delleurlaan 31-33 registered office 1170 Watermael-Boitsfort 30-05-2011 2.200.732.139

Buildings and parcels at the address

Ground area
253 m²
Buildings
253 m²
Volume, LiDAR
2,682 m³
Tallest building
17.9 m
Buildings to scale, each on its own parcel
252 m², 17.9 m 252 m², 17.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21652E0282/00S002252 m² 1 · 252 m² 17.9 m · 4

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