VGS DEVELOPMENT
ActiveSummary
VGS DEVELOPMENT has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €87,818 and a net result of -€4,516. Equity has been shrinking by about 18% per year since 2019. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 60% of 411 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 19-03-1999 Normal situation
- Activity
- Development of residential building projects NACE 68121and 2 others
- Establishment unit
- 2.183.423.478 8670 Koksijde, since 06-03-1999
- Financial year end
- 31 March
- Peppol
- Reachable since 16-04-2025
Board and ownership
- Carl Jozef Frieda VAN GOETHEMDirector · since 06-03-1999
- Katrien VAN GOETHEMDirector · since 09-08-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€3,311
- ▲ 93.9%
- Loss
- €4,516
- ▼ 95.3%
- Equity
- €87,818
- ▼ 4.9%
- Total assets
- €159,261
- ▲ 11.6%
Score breakdownraises riskLiquidity: current ratio 2.20, cash €4,122lowers riskFounded in 1999Size: total assets €159,261Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 68% of them on solvency, 24% on liquidity, 17% on profitability and 34% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Company renamed from VAN GOETHEM to VGS DevelopmentResignation: Carl Jozef Frieda VAN GOETHEM (director) · Reappointment: Carl Jozef Frieda VAN GOETHEM (director) · Appointment: Katrien VAN GOETHEM (additional director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as VGS DEVELOPMENT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €158,000 and €184,000, founded between 1995 and 2002.
| Company | Total assets | Gross margin |
|---|---|---|
| VGS DEVELOPMENT Koksijde | €159,261 | -€3,311 |
| Construction Design & Engineering Brecht | €157,921 | -€3,949 |
| BONA FIDES Le Roeulx | €169,743 | -€27,135 |
| Construction Traditionnelle Belge Ukkel | €184,288 | -€2,433 |
| IMMO DEVAUX Wijnegem | €160,127 | -€1,351 |
| Brussels Shipping Grimbergen | €166,059 | -€1,077 |
| LPC+ Hamont-Achel | €161,909 | -€34,763 |
Key facts about VGS DEVELOPMENT
- What is the company number of VGS DEVELOPMENT?
- The company number of VGS DEVELOPMENT is 0465.687.102. The VAT number is the same number with BE in front: BE 0465.687.102.
- Where is VGS DEVELOPMENT based?
- The registered office is at Cesar Francklaan(Kok) 4, 8670 Koksijde.Company details
- What does VGS DEVELOPMENT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of VGS DEVELOPMENT?
- The legal form of VGS DEVELOPMENT is Private limited company (BV).
- When was VGS DEVELOPMENT founded?
- VGS DEVELOPMENT was founded on 19-03-1999.
- Is VGS DEVELOPMENT still active?
- Yes, VGS DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of VGS DEVELOPMENT?
- The annual accounts for financial year 2026 state no turnover. The micro format does not require it.Financials
- Is VGS DEVELOPMENT profitable?
- In financial year 2026, VGS DEVELOPMENT made a loss of €4,516.
- Where can I find the annual accounts of VGS DEVELOPMENT?
- VGS DEVELOPMENT filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of VGS DEVELOPMENT due?
- VGS DEVELOPMENT must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.