VGNV
ActiveVGNV has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €84k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 6884 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
81
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency68▲+10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.4 in 2024), and 63% 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.
−lowers risk○neutral
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
37%
Return on assets
35%
Age of the figures
8 mo
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 17-04-2026, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
31 d early
2023
2 d early
2022
31 d early
2021
2 d early
2020
36 d early
2019
27 d late
← 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
08-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▲ 0.1%
2024 · €89k
2018: €53k
2019: €48k
2020: €92k
2021: €135k
2022: €147k
2023: €89k
2024: €89k
2018 → 2025
Total assets
€240k▼ 15.4%
2024 · €284k
2018: €109k
2019: €86k
2020: €168k
2021: €197k
2022: €197k
2023: €304k
2024: €284k
2018 → 2025
Net result
€84k▼ 14.3%
2024 · €98k
2018: €-2k
2019: €-5k
2020: €44k
2021: €31k
2022: €45k
2023: €140k
2024: €98k
2018 → 2025
Working capital
€68k▼ 12.1%
2024 · €77k
2018: €42k
2019: €19k
2020: €59k
2021: €108k
2022: €136k
2023: €73k
2024: €77k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€135k-€147k▲ 8.6%€89k▼ 39.7%€89k▲ 0.2%€89k▲ 0.1%
Operating result€46k-€60k▲ 29.0%€188k▲ 214%€123k▼ 34.3%€109k▼ 11.8%
Net result€31k-€45k▲ 45.0%€140k▲ 215%€98k▼ 30.1%€84k▼ 14.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240k
Fixed assets
€21k▲ 80.7%
Current assets
€219k▼ 19.5%
Equity and liabilities €240k
Equity
€89k▲ 0.1%
Debt
€151k▼ 22.5%
The debt ratio falls from 68.7% to 63.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€116k▼
2024 · €129k
Cash flow
€91k▼
2024 · €104k
Solvency
37.0%▲
2024 · 31.3%
Current ratio
1.45▲
2024 · 1.40
Quick ratio
1.45▲
2024 · 1.40
Debt / equity
1.70▼
2024 · 2.20
ROE
94.7%▼
2024 · 110.6%
ROA
35.0%▲
2024 · 34.6%
Interest coverage
305.89▲
2024 · 227.95
Debt
€151k▼
2024 · €195k
Debt ≤ 1 year
€151k▼
2024 · €195k
Income taxes
€25k▼
2024 · €29k
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€284k€240k▼
Fixed assets21/28€12k€21k▲
Tangible fixed assets22/27€12k€21k▲
Furniture and vehicles24€3k€14k▲
Other tangible fixed assets26€8k€7k▼
Current assets29/58€272k€219k▼
Amounts receivable after more than one year29€3k-
Other amounts receivable291€3k-
Amounts receivable within one year40/41€134k€112k▼
Trade receivables40€121k€106k▼
Other amounts receivable41€12k€5k▼
Current investments50/53€50k-
Cash at bank and in hand54/58€84k€105k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€284k€240k▼
Equity10/15€89k€89k▲
Contributions10/11€19k€19k=
Reserves13€69k€69k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€68k€68k=
Profit (loss) carried forward14€639€711▲
Amounts payable17/49€195k€151k▼
Amounts payable within one year42/48€195k€151k▼
Trade debts44€81k€60k▼
Suppliers440/4€81k€60k▼
Taxes, remuneration and social security45€10k€13k▲
Taxes450/3€10k€13k▲
Other amounts payable47/48€104k€78k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-980-
Other operating charges640/8€1k€1k▼
Gross operating margin9900€129k€117k▼
Operating profit (loss)9901€123k€109k▼
Financial income75/76B€5k€520▼
Recurring financial income75€5k€520▼
Financial charges65/66B€565€379▼
Recurring financial charges65€565€379▼
Profit (loss) for the period before taxes9903€127k€109k▼
Income taxes67/77€29k€25k▼
Profit (loss) for the period9904€98k€84k▼
Profit (loss) for the period to be appropriated9905€98k€84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€85k▼
Profit (loss) brought forward from the previous period14P€494€639▲
Profit to be distributed694/7€98k€84k▼
Return on contributions (dividend)694€98k€84k▼
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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €140k ▲215%
Operating result €188k, net result €140k, both a record.
30-06
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 €100kEq €135k ▲46.9%
2 profitable years in a row build equity to €135k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €44k
Net result €44k after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, last change in 2024
Kristien Verboven
CurrentDirector · since 05-03-2024
05-03-2024
Appointed as Director
Not every act has been read: a resignation may be missing here
2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Edegem · 1 establishment unit since 2015
Ground area
471 m²
Building footprint
130 m²
Volume, LiDAR
690 m³
Parcel 11472B0122/00S007, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VGNV
since 20152.247.268.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0122/00S007 | Flanders | 471 m² | 1 · 130 m² | 10.1 m · 1 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.
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Of 9,804 companies in sector 73110 we hold annual accounts for 3,724. 3,007 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2015
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.