VGS Bouw
ActiveThe computed 12-month bankruptcy probability of VGS Bouw is 2.1% (moderate). The 2024 annual accounts show equity of €207k and a net result of €31k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 19348 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-17
Solvency100=
Growth52=
Track record86
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 6.23 against 10.35 in 2023; short-term debt: 16% and cash: 0.4% of total assets), and 16.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
301 d late
2022
134 d late
2021
276 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€207k▲ 17.5%
2023 · €177k
2021: €101k
2022: €139k
2023: €177k
2021 → 2024
Total assets
€247k▲ 26.6%
2023 · €195k
2021: €145k
2022: €208k
2023: €195k
2021 → 2024
Net result
€31k▼ 18.0%
2023 · €38k
2021: €96k
2022: €38k
2023: €38k
2021 → 2024
Working capital
€208k▲ 17.6%
2023 · €177k
2021: €101k
2022: €140k
2023: €177k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€101k-€139k▲ 37.7%€177k▲ 27.1%€207k▲ 17.5%
Operating result€119k-€49k▼ 58.7%€48k▼ 2.4%€41k▼ 14.3%
Net result€96k-€38k▼ 60.3%€38k▼ 1.0%€31k▼ 18.0%
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 has fallen three years in a row; 2024 is 14% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €247k
Equity
€207k▲ 17.5%
Debt
€40k▲ 111%
The debt ratio rises from 9.7% to 16.1%. Equity and debt are higher.
Key figures and ratios
Solvency
83.9%▼
2023 · 90.3%
Current ratio
6.23▼
2023 · 10.35
Quick ratio
6.23▼
2023 · 10.35
Debt / equity
0.19▲
2023 · 0.11
ROE
14.9%▼
2023 · 21.3%
ROA
12.5%▼
2023 · 19.3%
Debt
€40k▲
2023 · €19k
Debt ≤ 1 year
€40k▲
2023 · €19k
Income taxes
€9k▼
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€195k€247k▲
Current assets29/58€195k€247k▲
Amounts receivable after more than one year29€100k€175k▲
Other amounts receivable291€100k€175k▲
Amounts receivable within one year40/41€76k€71k▼
Trade receivables40€6k€38k▲
Other amounts receivable41€70k€34k▼
Cash at bank and in hand54/58€18k€949▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€195k€247k▲
Equity10/15€177k€207k▲
Contributions10/11€5k€5k=
Reserves13€172k€202k▲
Distributable reserves133€172k€202k▲
Amounts payable17/49€19k€40k▲
Amounts payable within one year42/48€19k€40k▲
Trade debts44€8k€20k▲
Suppliers440/4€8k€20k▲
Taxes, remuneration and social security45€11k€19k▲
Taxes450/3€11k€19k▲
Accrued charges and deferred income492/3-€192
Income statement
Code20232024
Other operating charges640/8€1k€676▼
Gross operating margin9900€49k€42k▼
Operating profit (loss)9901€48k€41k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€465€1k▲
Recurring financial charges65€465€1k▲
Profit (loss) for the period before taxes9903€47k€40k▼
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€38k€31k▼
Profit (loss) for the period to be appropriated9905€38k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€31k▼
Transfer to equity691/2€38k€31k▼
To other reserves6921€38k€31k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 301 days late
28-02
KBO administration
Address struck
Hazelbeekstraat 4 Die Sitzadresse Hazelbeekstraat 4 8020 Oost-
Oostkamp · event 17-12-2024
2024
31-12
Financial
Weakest financial yearnet €31k ▼18%
Net result drops to €31k, the lowest in the series.
31-12
Financial
Equity above €200kEq €207k ▲17.5%
4 profitable years in a row build equity to €207k.
2023
31-12
Financial
Liquidity triplescurrent ratio 10.35
Current ratio from 3.07 to 10.35; short-term debt falls from €68k to €19k.
31-12
Financial
Equity above €150kEq €177k ▲27.1%
3 profitable years in a row build equity to €177k.
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 134 days late
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 276 days late
SignalFinancial 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, Wingene · 1 establishment unit since 2021
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.
Helakkerstraat 78750 WingeneGround area
909 m²
Building footprint
133 m²
Volume, LiDAR
621 m³
Parcel 37018F1574/00A000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VGS Bouw
since 20212.317.590.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018F1574/00A000 | Flanders | 909 m² | 1 · 133 m² | 7.9 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 9,696 companies in sector 68121 we hold annual accounts for 7,378. 5,310 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-04-2021
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43320Joinery installation
43341Painting of buildings
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:stijnvangampelaere@hotmail.com
Phone:0495/644309