Equity
€1.79bn ▲ 9.3%
VGP has made a profit without a break since 2008.
VGP
Lifetime
19 annual accounts with figures on one time axispeak €4.15bn (2025)
€4.15bn▲ 12.7%
lowest -€123,133 (2007)
€245.1m▼ 8.8%
peak €1.79bn (2025)
€1.79bn▲ 9.3%
€2.36bn▲ 15.4%
peak 10.7 FTE (2024)
9.9 FTE▼ 7.5%
Board11 names since 2019
5 directorsVera Gäde-Butzlaff and 4 others
Owners5 names in the annual accounts
37.65%Little Rock S.à r.l. and 3 others
Documentsfilings and deeds
03-06-202658 days before the deadline
2025financial year
1 director appointed, 1 statutory auditor appointed, 1 resign… 27-08Dividend €92.8mDebts from €2.04bn to €2.36bnInvestments €354.7mCash from €43.8m to €377.2m
Key points
from the 2025 annual accountsInvestments
€173,101 0.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 24.1% higher than in 2024.
Payment terms
131 days to suppliers
VGP pays its suppliers 34 days earlier than in 2024.
At the same address
18 companies
Group
130 companies controlled
Heads a group. Known shareholders 100%.
Position in the sector
€245.1m
Higher net result than 95% of companies in financial services. Sector median €103,919 · 3,044 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the modelStandalone figures, without subsidiaries
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.
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Signals
1 signal, which does not raise the risk
1 signal.
neutral
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 03-06-2026, 58 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
58 days early
2024
56 days early
2023
58 days early
2022
59 days early
2021
58 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 58 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
CA
CM Advisers Ltd
Director, Chris Morrish, since 09-05-2025
JV
Jan Van Geet s.r.o.
Director, since 09-05-2025
- Little Rock S.à r.l. 37.65%annual accounts 2025
- Public 35.25%annual accounts 2025
- VM INVEST 24.13%equity €508.6m (2025) · annual accounts 2025
Shares in 136 companies, including SUTA S.r.o. and VGP - Industrialne Stavby S.r.o.
Board & ownershipRecent changes
Capital increase
Share issue: €3,056,234 · Capital of €151,332,016.58, 30,347,546 shares · Board meeting of 07-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0887216042
1 director appointed, 1 statutory auditor appointed, 1 resignation, 1 resignation, 2 reappointments
Reappointments: VM Invest NV and Jan Van Geet s.r.o. · Permanent representatives: Bart Van Malderen, Jan Van Geet, Chris Morrish, Kathleen De Brabander, Frederic Poesen and Melissa Carton · Resignations: Katherina Reiche (independent director) and Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises BV/SRL (statutory auditor) · General meeting of 09-05-2025 · Gazette deed
General meeting of 10-05-2024
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VGP Antwerp | €22.4m | -30.4% | 43.2% | 9.9 |
| AVNET HOLDING EUROPE Machelen (Brab.) | €7.6m | -77.7% | 26.3% | 9 |
| DARLING INGREDIENTS BELGIUM HOLDING Ghent | €17.4m | 12.4% | 92.6% | 9.8 |
| Elia Group Brussels | - | - | 70.7% | 9.3 |
| ECONOCOM GROUP Ixelles | €22.1m | 0.1% | 41.4% | 8 |
| DELCRINVEST Brasschaat | - | - | 96.0% | 14.4 |
| FINANCIERE REMY COINTREAU SA/NV Ixelles | - | - | 61.6% | 7.9 |
Grey: the largest companies of the sector (financial services (NACE 64)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VGP: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €986m and €7.1bn, founded between 1982 and 2013.
Official details
Source: KBO- Status
- Active since 13-02-2007Normal situation
- Registered office
- 19 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Activities of holding companiesNACE 64210
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.160.071.9172018 Antwerp, since 06-02-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Annual accounts 2025
- €4.15bn▲ 12.7%
- Employeeson 31-12-2025
- 10=
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Companies linked to VGP
Subsidiaries and holdings
- VGP BELGIUM100%
- VGP Renewable Energy100%
Insights on VGP
VGP has existed since 2007. In 2013 the balance sheet total rose from €148.6m to €298.5m.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VGP
- What is the company number of VGP?
- The company number of VGP is 0887.216.042. The VAT number is the same number with BE in front: BE 0887.216.042.
- Where is VGP based?
- The registered office is at Generaal Lemanstraat 55, 2018 Antwerp.Company details
- What does VGP do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of VGP?
- VGP is a public limited company (NV).
- When was VGP founded?
- VGP was founded on 13-02-2007.
- Is VGP still active?
- Yes, VGP is an active enterprise in the KBO register.
- How many employees does VGP have?
- VGP had an average of 9.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VGP fall under?
- In its 2025 annual accounts, VGP states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of VGP?
- The turnover of VGP was €22.4m in financial year 2025, according to the filed annual accounts.
- Is VGP profitable?
- In financial year 2025, VGP made a profit of €245.1m.
- Where can I find the annual accounts of VGP?
- VGP filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VGP due?
- VGP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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