VGS
ActiveVGS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €659k and a net result of €143k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+7
Solvency71▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.56 in 2024; short-term debt: 24.8% and cash: 17.6% of total assets), but 54.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
45.9%
Return on assets
10%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
10 d late
2022
2 d early
2021
5 d late
2020
12 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€659k▲ 20.3%
2024 · €548k
2019: €198k
2020: €199k
2021: €271k
2022: €412k
2023: €485k
2024: €548k
2019 → 2025
Total assets
€1.43M▲ 4.7%
2024 · €1.37M
2019: €841k
2020: €819k
2021: €885k
2022: €1.31M
2023: €1.38M
2024: €1.37M
2019 → 2025
Net result
€143k▲ 130%
2024 · €62k
2019: €-314
2020: €853
2021: €72k
2022: €142k
2023: €73k
2024: €62k
2019 → 2025
Working capital
€303k▲ 59.3%
2024 · €190k
2019: €22k
2020: €-11k
2021: €33k
2022: €120k
2023: €189k
2024: €190k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€271k-€412k▲ 52.2%€485k▲ 17.7%€548k▲ 12.8%€659k▲ 20.3%
Operating result€113k-€199k▲ 75.6%€113k▼ 43.3%€101k▼ 11.0%€229k▲ 128%
Net result€72k-€142k▲ 97.3%€73k▼ 48.5%€62k▼ 14.7%€143k▲ 130%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 128% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.43M
Fixed assets
€775k▼ 7.3%
Current assets
€658k▲ 23.7%
Equity and liabilities €1.43M
Equity
€659k▲ 20.3%
Debt
€775k▼ 5.6%
The debt ratio falls from 60.0% to 54.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€304k▲
2024 · €152k
Cash flow
€218k▲
2024 · €113k
Solvency
45.9%▲
2024 · 40.0%
Current ratio
1.85▲
2024 · 1.56
Quick ratio
1.78▲
2024 · 1.54
Debt / equity
1.18▼
2024 · 1.50
ROE
21.7%▲
2024 · 11.4%
ROA
10.0%▲
2024 · 4.5%
Interest coverage
20.53▲
2024 · 8.39
Debt
€775k▼
2024 · €821k
Debt ≤ 1 year
€355k▲
2024 · €342k
Debt > 1 year
€418k▼
2024 · €477k
Income taxes
€72k▲
2024 · €25k
Staff costs
€68k▲
2024 · €58k
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€1.37M€1.43M▲
Fixed assets21/28€836k€775k▼
Tangible fixed assets22/27€836k€775k▼
Land and buildings22€701k€666k▼
Plant, machinery and equipment23€5k€13k▲
Furniture and vehicles24€130k€96k▼
Current assets29/58€532k€658k▲
Stocks and contracts in progress3€6k€25k▲
Stocks30/36€6k€25k▲
Amounts receivable within one year40/41€343k€326k▼
Trade receivables40€281k€292k▲
Other amounts receivable41€62k€33k▼
Current investments50/53€44k€40k▼
Cash at bank and in hand54/58€121k€253k▲
Deferred charges and accrued income490/1€19k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.43M▲
Equity10/15€548k€659k▲
Contributions10/11€19k€19k=
Reserves13€529k€640k▲
Distributable reserves133€529k€640k▲
Amounts payable17/49€821k€775k▼
Amounts payable after more than one year17€477k€418k▼
Financial debts170/4€474k€413k▼
Other amounts payable178/9€3k€5k▲
Amounts payable within one year42/48€342k€355k▲
Current portion of amounts payable after more than one year42€66k€66k▼
Financial debts43€15k€23k▲
Credit institutions430/8€15k€23k▲
Trade debts44€219k€226k▲
Suppliers440/4€219k€226k▲
Taxes, remuneration and social security45€16k€26k▲
Taxes450/3€9k€19k▲
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€25k€14k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€32k-
Remuneration, social security and pensions62€58k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€75k▲
Other operating charges640/8€17k€11k▼
Non-recurring operating charges66A-€9k
Gross operating margin9900€227k€392k▲
Operating profit (loss)9901€101k€229k▲
Financial income75/76B€5k€842▼
Recurring financial income75€5k€842▼
Financial charges65/66B€18k€15k▼
Recurring financial charges65€18k€15k▼
Profit (loss) for the period before taxes9903€88k€215k▲
Income taxes67/77€25k€72k▲
Profit (loss) for the period9904€62k€143k▲
Profit (loss) for the period to be appropriated9905€62k€143k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€143k▲
Transfer from equity791/2-€32k
Transfer to equity691/2€62k€143k▲
To other reserves6921€62k€143k▲
Profit to be distributed694/7-€32k
Return on contributions (dividend)694-€32k
Social balance
Average headcount (FTE)90871.31.3=
The notes to these accounts (9 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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €143k ▲130%
Operating result €229k, net result €143k, both a record.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €500kEq €548k ▲12.8%
5 profitable years in a row build equity to €548k.
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 10 days late
2022
29-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
31-03
Financial
Equity above €200kEq €271k ▲36%
2 profitable years in a row build equity to €271k.
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
31-03
Financial
Back to profitnet €853
Net result €853 after one loss-making year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 137 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Oudsbergen · 2 establishment units since 2008
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.
Gruitroderbaan 803670 OudsbergenGround area
3,593 m²
Building footprint
1,134 m²
Volume, LiDAR
5,902 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Gruitroderbaan 80, 3670 Oudsbergen
since 20082.170.896.226
Klein-Heidestraat 31, 3670 Oudsbergen
since 20202.341.438.854
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72022B0349/00N000 | Flanders | 1,981 m² | 1 · 957 m² | 6.5 m · 2 fl. |
| 72022B0538/00S000 | Flanders | 1,612 m² | 1 · 177 m² | 9.6 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 167 EUR awarded · 167 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 167 EUR | 167 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 5,361 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2008
Fiscal year end31-03
Activities, NACEBEL
43320Joinery installation
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.