VGI Consulting
ActiveVGI Consulting has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €-78k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-97
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 23.93 against 17.27 in 2024), and 13.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
30 d late
2022
30 d late
2021
31 d late
2020
27 d late
2019
1 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▼ 29.3%
2024 · €265k
2018: €30k
2019: €73k
2020: €110k
2021: €150k
2022: €198k
2023: €215k
2024: €265k
2018 → 2025
Total assets
€215k▼ 28.0%
2024 · €299k
2018: €55k
2019: €109k
2020: €140k
2021: €185k
2022: €228k
2023: €239k
2024: €299k
2018 → 2025
Net result
€-78k
2024 · €51k
2018: €13k
2019: €44k
2020: €38k
2021: €42k
2022: €36k
2023: €18k
2024: €51k
2018 → 2025
Working capital
€205k▼ 26.7%
2024 · €280k
2018: €18k
2019: €71k
2020: €117k
2021: €159k
2022: €207k
2023: €226k
2024: €280k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€198k▲ 32.0%€215k▲ 8.6%€265k▲ 23.5%€187k▼ 29.3%
Operating result€54k-€47k▼ 12.5%€23k▼ 51.0%€64k▲ 175%€-79k
Net result€42k-€36k▼ 13.9%€18k▼ 51.2%€51k▲ 188%€-78k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €79k after €64k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215k
Fixed assets
€1k▼ 33.7%
Current assets
€214k▼ 28.0%
Equity and liabilities €215k
Equity
€187k▼ 29.3%
Debt
€28k▼ 18.2%
The debt ratio rises from 11.5% to 13.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-79k▼
2024 · €65k
Cash flow
€-77k▼
2024 · €52k
Solvency
86.9%▼
2024 · 88.5%
Current ratio
23.93▲
2024 · 17.27
Quick ratio
23.93▲
2024 · 17.27
Debt / equity
0.15▲
2024 · 0.13
ROE
-41.4%▼
2024 · 19.3%
ROA
-36.0%▼
2024 · 17.1%
Interest coverage
-646.28▼
2024 · 163.41
Debt
€28k▼
2024 · €34k
Debt ≤ 1 year
€9k▼
2024 · €17k
Income taxes
€340▼
2024 · €15k
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€299k€215k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€297k€214k▼
Amounts receivable within one year40/41€25k€17k▼
Trade receivables40€12k€0▼
Other amounts receivable41€12k€17k▲
Current investments50/53€217k€194k▼
Cash at bank and in hand54/58€54k€401▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€299k€215k▼
Equity10/15€265k€187k▼
Contributions10/11€19k€19k=
Reserves13€246k€169k▼
Distributable reserves133€246k€169k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€34k€28k▼
Amounts payable within one year42/48€17k€9k▼
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€11k€4k▼
Taxes450/3€11k€4k▼
Other amounts payable47/48€833€0▼
Accrued charges and deferred income492/3€17k€19k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€730▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€66k€-77k▼
Operating profit (loss)9901€64k€-79k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€398€122▼
Recurring financial charges65€398€122▼
Profit (loss) for the period before taxes9903€66k€-77k▼
Income taxes67/77€15k€340▼
Profit (loss) for the period9904€51k€-78k▼
Profit (loss) for the period to be appropriated9905€51k€-78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€-78k▼
Transfer from equity791/2-€78k
Transfer to equity691/2€50k€0▼
To other reserves6921€50k€0▼
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-78k ▼252%
Net result drops to €-78k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €51k ▲188%
Operating result €64k, net result €51k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €215k ▲8.6%
6 profitable years in a row build equity to €215k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €150kEq €198k ▲32%
5 profitable years in a row build equity to €198k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100kEq €110k ▲50.7%
3 profitable years in a row build equity to €110k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
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, Ninove · 1 establishment unit since 2016
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.
Vreckom(Den) 339400 NinoveGround area
1,802 m²
Building footprint
344 m²
Volume, LiDAR
1,683 m³
2 parcels, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VGI Consulting
since 20162.251.418.795
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41012B1044/00C002 | Flanders | 1,105 m² | 1 · 162 m² | 6.6 m · 2 fl. |
| 41012B1044/00S000 | Flanders | 697 m² | 1 · 182 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,399. 1,087 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2016
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
62010Computer programming, consultancy and related activities
62020IT consultancy
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:david.van.geel@telenet.be
Phone:0476/76.96.78