VIGO

Active

Public limited companyfounded 198739 yrs activeCopsweg 6, 8377 Zuienkerke, BelgiumKBO/BCE: BE 0431.861.618

Summary

VIGO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €15,559. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 62% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysis Watch Report Compare

VIGOActiveChecked score 81/100

Risk analysis Report Compare

Checked score

Score 2025

81 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability70▼-2

Solvency92▼-6

Growth58=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €90,000 at 30 days acceptable

Liquidity short (current ratio 0.61 against 2.92 in 2024; short-term debt: 9.3% and cash: 5.6% of total assets), and 32.7% of the assets are financed with debt.

Credit check for your own amount and term

Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Activities of head offices; management consultancy activities (NACE 70)

about 69% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

67.3%

Return on assets

0.9%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

29 d early

2024

13 d early

2023

8 d early

2022

3 d early

2021

11 d early

2020

4 d early

2019

1 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)

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 months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 28 August 1987, VIGO was incorporated.¹ Total assets went from EUR 2.2 million in 2018 to EUR 1.7 million in 2025.²

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

In the rankings #3 oldest company in Zuienkerke, Professional and technical services sector #7 company by equity in Zuienkerke, Professional and technical services sector #9 company by total assets in Zuienkerke, Professional and technical services sector

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€15,559▼ 61.9%

2024 · €40,859

Working capital

-€61,589

2024 · €120,792

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€22,787▲ 313%€15,140▼ 33.6%€30,812▲ 104%€55,838▲ 81.2%€63,817▲ 14.3%

Net result€11,451▲ 142%€10,333▼ 9.8%€22,101▲ 114%€40,859▲ 84.9%€15,559▼ 61.9%

Equity€1.3m▼ 9.8%€1.3m▲ 0.8%€1.3m▲ 1.7%€1.3m▲ 3.1%€1.1m▼ 14.4%

Total assets€1.8m▼ 12.0%€1.9m▲ 3.6%€1.9m▼ 2.1%€1.8m▼ 0.2%€1.7m▼ 7.7%

Debt€344,436▼ 22.8%€408,031▲ 18.5%€355,759▼ 12.8%€320,170▼ 10.0%€379,703▲ 18.6%

Working capital€59,249▼ 68.1%€38,557▼ 34.9%€64,075▲ 66.2%€120,792▲ 88.5%-€61,589

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 14% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.7m

94.3%

Fixed assets €1.6m ▼ 3.4%

Current assets €97,811 ▼ 46.7%

Equity and liabilities €1.7m

67.3%

10%

22.3%

Equity €1.1m ▼ 14.4%

Provisions €178,168 ▼ 4.8%

Debt €379,703 ▲ 18.6%

Debt's share of the balance-sheet total rises from 17.3% to 22.3%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€120,939▲

2024 · €116,958

Cash flow

€72,681▼

2024 · €101,979

Current ratio

0.61▼

2024 · 2.92

Debt to equity

0.33▲

2024 · 0.24

ROE

1.4%▼

2024 · 3.0%

ROA

0.9%▼

2024 · 2.2%

Interest coverage

40.59▲

2024 · 31.29

Debt ≤ 1 year

€159,399▲

2024 · €62,827

Debt > 1 year

€214,743▼

2024 · €251,294

Income taxes

€22,409▲

2024 · €20,267

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.2% went bankrupt

3.5% stopped otherwise

96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.8m€1.7m▼

Fixed assets21/28€1.7m€1.6m▼

Tangible fixed assets22/27€1.7m€1.6m▼

Land and buildings22€1.7m€1.6m▼

Other tangible fixed assets26€1,272€1,272=

Financial fixed assets28€4,243€4,598▲

Current assets29/58€183,619€97,811▼

Amounts receivable within one year40/41-€185

Other amounts receivable41-€185

Current investments50/53€108,763-

Cash at bank and in hand54/58€71,094€95,218▲

Deferred charges and accrued income490/1€3,761€2,409▼

Equity and liabilities

Total equity and liabilities10/49€1.8m€1.7m▼

Equity10/15€1.3m€1.1m▼

Contributions10/11€557,760€557,760=

Capital10€557,760€557,760=

Issued capital100€557,760€557,760=

Reserves13€527,840€401,786▼

Non-distributable reserves130/1€164,539€55,776▼

Legal reserve130€55,776€55,776=

Own shares acquired1312€108,763-

Tax-exempt reserves132€363,301€346,010▼

Profit (loss) carried forward14€256,077€188,926▼

Provisions and deferred taxes16€187,072€178,168▼

Deferred taxes168€187,072€178,168▼

Amounts payable17/49€320,170€379,703▲

Amounts payable after more than one year17€251,294€214,743▼

Financial debts170/4€251,294€214,743▼

Amounts payable within one year42/48€62,827€159,399▲

Current portion of amounts payable after more than one year42€36,205€36,550▲

Financial debts43€7,197€1,010▼

Credit institutions430/8€7,197€1,010▼

Trade debts44€1,666€1,957▲

Suppliers440/4€1,666€1,957▲

Taxes, remuneration and social security45€15,215€18,382▲

Taxes450/3€15,215€18,382▲

Other amounts payable47/48€2,544€101,500▲

Accrued charges and deferred income492/3€6,050€5,560▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61,120€57,122▼

Other operating charges640/8€16,787€17,184▲

Gross operating margin9900€133,745€138,123▲

Operating profit (loss)9901€55,838€63,817▲

Financial income75/76B€122€855▲

Recurring financial income75€122€855▲

Financial charges65/66B€3,738€35,608▲

Recurring financial charges65€3,738€2,979▼

Non-recurring financial charges66B-€32,629

Profit (loss) for the period before taxes9903€52,223€29,064▼

Transfer from deferred taxes780€8,903€8,903=

Income taxes67/77€20,267€22,409▲

Profit (loss) for the period9904€40,859€15,559▼

Transfer from tax-exempt reserves789€17,291€17,291=

Profit (loss) for the period to be appropriated9905€58,150€32,850▼

Appropriation of the result

Profit (loss) to be appropriated9906€256,077€288,926▲

Profit (loss) brought forward from the previous period14P€197,927€256,077▲

Profit to be distributed694/7-€100,000

Return on contributions (dividend)694-€100,000

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€65,931	€75,666	€61,120	€61,120	€57,122	▼ 6.5%
Other operating charges640/8	€15,749	€15,903	€17,749	€16,787	€17,184	▲ 2.4%
Gross operating margin9900	€104,467	€106,709	€109,681	€133,745	€138,123	▲ 3.3%
Operating profit (loss)9901	€22,787	€15,140	€30,812	€55,838	€63,817	▲ 14.3%
Financial income75/76B	€993	€0	€51	€122	€855	▲ 598%
Recurring financial income75	€993	€0	€51	€122	€855	▲ 598%
Financial charges65/66B	€10,946	€3,931	€3,665	€3,738	€35,608	▲ 853%
Recurring financial charges65	€10,946	€3,931	€3,665	€3,738	€2,979	▼ 20.3%
Non-recurring financial charges66B	-	-	-	-	€32,629	-
Profit (loss) for the period before taxes9903	€12,834	€11,209	€27,198	€52,223	€29,064	▼ 44.3%
Transfer from deferred taxes780	€8,903	€8,903	€8,903	€8,903	€8,903	=
Income taxes67/77	€10,286	€9,780	€14,000	€20,267	€22,409	▲ 10.6%
Profit (loss) for the period9904	€11,451	€10,333	€22,101	€40,859	€15,559	▼ 61.9%
Transfer from tax-exempt reserves789	€17,291	€17,291	€17,291	€17,291	€17,291	=
Profit (loss) for the period to be appropriated9905	€28,742	€27,624	€39,392	€58,150	€32,850	▼ 43.5%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.8m	€1.9m	€1.9m	€1.8m	€1.7m	▼ 7.7%
Fixed assets21/28	€1.7m	€1.8m	€1.7m	€1.7m	€1.6m	▼ 3.4%
Tangible fixed assets22/27	€1.7m	€1.8m	€1.7m	€1.7m	€1.6m	▼ 3.4%
Land and buildings22	€1.7m	€1.8m	€1.7m	€1.7m	€1.6m	▼ 3.4%
Furniture and vehicles24	-	€4,469	€2,235	-	-	-
Other tangible fixed assets26	€1,272	€1,272	€1,272	€1,272	€1,272	=
Financial fixed assets28	€1,926	€2,210	€2,246	€4,243	€4,598	▲ 8.4%
Current assets29/58	€124,290	€117,820	€128,128	€183,619	€97,811	▼ 46.7%
Amounts receivable within one year40/41	€5,175	-	€574	-	€185	-
Other amounts receivable41	€5,175	-	€574	-	€185	-
Current investments50/53	€108,763	€108,763	€108,763	€108,763	-	-
Cash at bank and in hand54/58	€9,358	€9,057	€15,404	€71,094	€95,218	▲ 33.9%
Deferred charges and accrued income490/1	€993	-	€3,387	€3,761	€2,409	▼ 36.0%
Equity and liabilities
Total equity and liabilities10/49	€1.8m	€1.9m	€1.9m	€1.8m	€1.7m	▼ 7.7%
Equity10/15	€1.3m	€1.3m	€1.3m	€1.3m	€1.1m	▼ 14.4%
Contributions10/11	€557,760	€557,760	€557,760	€557,760	€557,760	=
Capital10	€557,760	€557,760	€557,760	€557,760	€557,760	=
Issued capital100	€557,760	€557,760	€557,760	€557,760	€557,760	=
Reserves13	€579,712	€562,421	€545,131	€527,840	€401,786	▼ 23.9%
Non-distributable reserves130/1	€164,539	€164,539	€164,539	€164,539	€55,776	▼ 66.1%
Legal reserve130	€55,776	€55,776	€55,776	€55,776	€55,776	=
Own shares acquired1312	€108,763	€108,763	€108,763	€108,763	-	-
Tax-exempt reserves132	€415,173	€397,882	€380,591	€363,301	€346,010	▼ 4.8%
Profit (loss) carried forward14	€130,911	€158,535	€197,927	€256,077	€188,926	▼ 26.2%
Provisions and deferred taxes16	€213,782	€204,878	€195,975	€187,072	€178,168	▼ 4.8%
Provisions for liabilities and charges160/5	€213,782	€204,878	-	-	-	-
Taxes161	€213,782	€204,878	-	-	-	-
Deferred taxes168	-	-	€195,975	€187,072	€178,168	▼ 4.8%
Amounts payable17/49	€344,436	€408,031	€355,759	€320,170	€379,703	▲ 18.6%
Amounts payable after more than one year17	€267,672	€323,354	€287,499	€251,294	€214,743	▼ 14.5%
Financial debts170/4	€267,672	€323,354	€287,499	€251,294	€214,743	▼ 14.5%
Amounts payable within one year42/48	€65,041	€79,263	€64,053	€62,827	€159,399	▲ 154%
Current portion of amounts payable after more than one year42	€25,602	€35,525	€35,855	€36,205	€36,550	▲ 1.0%
Financial debts43	€7,038	€7,120	€7,158	€7,197	€1,010	▼ 86.0%
Credit institutions430/8	€7,038	€7,120	€7,158	€7,197	€1,010	▼ 86.0%
Trade debts44	€3,964	€13,764	€10,152	€1,666	€1,957	▲ 17.4%
Suppliers440/4	€3,964	€13,764	€10,152	€1,666	€1,957	▲ 17.4%
Taxes, remuneration and social security45	€3,286	€6,066	€9,764	€15,215	€18,382	▲ 20.8%
Taxes450/3	€3,286	€6,066	€9,764	€15,215	€18,382	▲ 20.8%
Other amounts payable47/48	€25,151	€16,788	€1,124	€2,544	€101,500	▲ 3,890%
Accrued charges and deferred income492/3	€11,724	€5,415	€4,206	€6,050	€5,560	▼ 8.1%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€11,451	€10,333	€22,101	€40,859	€15,559	▼ 61.9%
+ Depreciation and write-downs630	€65,931	€75,666	€61,120	€61,120	€57,122	▼ 6.5%
Operating cash flow (approximation)	€77,383	€85,999	€83,221	€101,979	€72,681	▼ 28.7%
Investment in fixed assets (approximation)	-	-€147,160	-€11,737	-€1,997	-€355	▲ 82.2%
Change in cash	-	-€301	€6,347	€55,691	€24,123	▼ 56.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

02-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

18-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2018net €40,859 ▲84.9%

Net result €40,859, the highest in the series.

23-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

28-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

20-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

27-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Back to profitnet €13,305

Net result €13,305 after one loss-making year.

10-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

27-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

30-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 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 Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 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, Zuienkerke · 1 establishment unit since 1987

seat establishment The establishment unit on the map

Ground area

2,083 m²

Building footprint

196 m²

Volume, LiDAR

910 m³

Parcel 31042A0220/00K000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.

2 companies at this address See who is registered here

1 establishment unit

NV VIGO

Copsweg 6, 8377 ZuienkerkeNACE 4520002

since 19872.031.119.622

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31042A0220/00K000	Flanders	2,083 m²	1 · 196 m²	8.5 m · 2 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

CORUJO 99.95%
VIGO

Highest known parent: CORUJO. The sources do not say who stands above it.

Owners 1

CORUJOparent

Sourceaccounts CORUJO 2025

99.95%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 26,309 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded28-08-1987

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

E-invoicing

Reachable via Peppol

Peppol ID 0208:0431861618

Registered 14-11-2025

Scores and ratios are computed by Checked and are not a credit decision.