VGL
InactiveVGL was declared bankrupt on 24-11-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 22-01-2026, published in the Belgian State Gazette on 06-02-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-07-2022, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
1 d early
2020
13 d late
2019
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€261k▲ 6.5%
2020 · €245k
2018: €29k
2019: €254k
2020: €245k
2018 → 2021
Total assets
€610k▲ 1.7%
2020 · €599k
2018: €593k
2019: €603k
2020: €599k
2018 → 2021
Net result
€16k
2020 · €-9k
2018: €-8k
2019: €225k
2020: €-9k
2018 → 2021
Working capital
€-8k▲ 67.3%
2020 · €-24k
2018: €-240k
2019: €-14k
2020: €-24k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€29k-€254k▲ 774%€245k▼ 3.7%€261k▲ 6.5%
Operating result€-5k-€1k€-5k€18k
Net result€-8k-€225k€-9k€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €18k after a loss of €5k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €610k
Fixed assets
€593k=
Current assets
€17k▲ 160%
Equity and liabilities €610k
Equity
€261k▲ 6.5%
Debt
€349k▼ 1.6%
The debt ratio falls from 59.1% to 57.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
42.8%▲
2020 · 40.9%
Current ratio
0.68▲
2020 · 0.21
Quick ratio
0.68▲
2020 · 0.21
Debt / equity
1.34▲
2020 · 1.32
ROE
6.1%▲
2020 · -3.9%
ROA
2.6%▲
2020 · -1.6%
Debt
€349k▼
2020 · €354k
Debt ≤ 1 year
€25k▼
2020 · €30k
Debt > 1 year
€324k=
2020 · €324k
Income taxes
€2k▼
2020 · €4k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€599k€610k▲
Fixed assets21/28€593k€593k=
Financial fixed assets28€593k€593k=
Current assets29/58€6k€17k▲
Amounts receivable within one year40/41€5k€17k▲
Trade receivables40-€12k
Other amounts receivable41-€5k
Cash at bank and in hand54/58€2k-
Equity and liabilities
Total equity and liabilities10/49€599k€610k▲
Equity10/15€245k€261k▲
Contributions10/11-€19k
Reserves13€2k€18k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€16k
Profit (loss) carried forward14€225k€225k=
Amounts payable17/49€354k€349k▼
Amounts payable after more than one year17€324k€324k=
Other amounts payable178/9-€324k
Amounts payable within one year42/48€30k€25k▼
Trade debts44€5k€7k▲
Suppliers440/4-€7k
Taxes, remuneration and social security45-€10k
Taxes450/3-€10k
Other amounts payable47/48-€8k
Income statement
Code20202021
Gross operating margin9900€-5k€18k▲
Operating profit (loss)9901€-5k€18k▲
Recurring financial charges65€131-
Profit (loss) for the period before taxes9903€-5k€18k▲
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€-9k€16k▲
Profit (loss) for the period to be appropriated9905€-9k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€241k
Profit (loss) brought forward from the previous period14P-€225k
Transfer to equity691/2-€16k
To other reserves6921-€16k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · VGL BV GRIJPENLAAN 20, 3300 TIENEN · event 22-01-2026
2022
30-11
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · VGL BV GRIJPENLAAN 20, 3300 TIENEN · event 24-11-2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Weakest financial yearnet €-9k ▼104%
Net result drops to €-9k, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €225k
Net result €225k after one loss-making year.
31-12
Financial
Equity above €200kEq €254k ▲774%
Equity rises from €29k to €254k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 28 days late
2015
16-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 16 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
18-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 49 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK DE MAESENEER BRUSSELSESTEENWEG 62,
3000 LEUVEN |
24-11-2022 → present |
| Curator | JOHAN MOMMAERTS BRUSSELSESTEENWEG 62, 3000 LEUVEN- |
24-11-2022 → present |