Vigo Creative
ActiveSummary
Vigo Creative has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,307 and a net result of €2,110. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency45▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 2.21 in 2024; short-term debt: 38.6% and cash: 10.9% of total assets), and 79.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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 →
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
20.4%
Return on assets
1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €26,307
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 9 filingsDeviation from the deadline
2025
12 d late
2024
29 d late
2023
21 d late
2022
22 d late
2021
113 d late
2020
30 d late
2019
52 d late
← 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 40 days after 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)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,110▲ 28.1%
2024 · €1,648
Working capital
€5,282▼ 86.5%
2024 · €39,198
Trend over the years
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€24,784▲ 272%-€36,758€51,114€3,618▼ 92.9%€6,708▲ 85.4%
Net result-€26,385-€49,272▼ 86.7%€49,590€1,648▼ 96.7%€2,110▲ 28.1%
Equity€16,031▼ 62.2%-€33,241€22,549€24,197▲ 7.3%€26,307▲ 8.7%
Total assets€92,644▼ 25.7%€47,101▼ 49.2%€66,393▲ 41.0%€129,661▲ 95.3%€128,792▼ 0.7%
Debt€76,613▼ 6.9%€80,342▲ 4.9%€43,844▼ 45.4%€105,464▲ 141%€102,484▼ 2.8%
Working capital€12,833▼ 76.5%-€18,955€2,884€39,198▲ 1,259%€5,282▼ 86.5%
Staff (FTE)12.7▲ 170%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 85% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,792
Fixed assets
€73,778 ▲ 27.0%
Current assets
€55,014 ▼ 23.1%
Equity and liabilities €128,792
Equity
€26,307 ▲ 8.7%
Debt
€102,484 ▼ 2.8%
Debt's share of the balance-sheet total falls from 81.3% to 79.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,535▲
2024 · €19,107
Cash flow
€19,937▲
2024 · €17,137
Current ratio
1.11▼
2024 · 2.21
Debt to equity
3.90▼
2024 · 4.36
ROE
8.0%▲
2024 · 6.8%
ROA
1.6%▲
2024 · 1.3%
Interest coverage
10.03▼
2024 · 10.62
Debt ≤ 1 year
€49,732▲
2024 · €32,355
Debt > 1 year
€52,753▼
2024 · €73,109
Income taxes
€2,200▲
2024 · €205
Staff costs
€74,167▲
2024 · €20,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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%.
| 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 4,500 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €20,130 | €74,167 | ▲ 268% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,602 | €16,500 | €12,025 | €15,489 | €17,827 | ▲ 15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €5,319 | €7,913 | - | - | - | - |
| Other operating charges640/8 | €887 | €901 | €695 | - | €1,746 | - |
| Non-recurring operating charges66A | - | €1,328 | - | - | - | - |
| Gross operating margin9900 | €43,592 | -€10,116 | €63,833 | €39,237 | €100,447 | ▲ 156% |
| Operating profit (loss)9901 | €24,784 | -€36,758 | €51,114 | €3,618 | €6,708 | ▲ 85.4% |
| Financial income75/76B | - | €10 | €217 | €34 | €50 | ▲ 46.6% |
| Recurring financial income75 | - | €10 | €217 | €34 | €50 | ▲ 46.6% |
| Financial charges65/66B | €51,169 | €12,523 | €1,740 | €1,799 | €2,447 | ▲ 36.0% |
| Recurring financial charges65 | €26,169 | €12,523 | €1,740 | €1,799 | €2,447 | ▲ 36.0% |
| Non-recurring financial charges66B | €25,000 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€26,385 | -€49,272 | €49,590 | €1,853 | €4,310 | ▲ 133% |
| Income taxes67/77 | - | - | - | €205 | €2,200 | ▲ 972% |
| Profit (loss) for the period9904 | -€26,385 | -€49,272 | €49,590 | €1,648 | €2,110 | ▲ 28.1% |
| Profit (loss) for the period to be appropriated9905 | -€26,385 | -€49,272 | €49,590 | €1,648 | €2,110 | ▲ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92,644 | €47,101 | €66,393 | €129,661 | €128,792 | ▼ 0.7% |
| Fixed assets21/28 | €48,711 | €37,399 | €34,846 | €58,108 | €73,778 | ▲ 27.0% |
| Intangible fixed assets21 | - | - | €15,000 | €32,000 | €45,000 | ▲ 40.6% |
| Tangible fixed assets22/27 | €41,211 | €29,899 | €12,346 | €18,403 | €21,073 | ▲ 14.5% |
| Furniture and vehicles24 | €41,211 | €29,899 | €12,346 | €18,403 | €21,073 | ▲ 14.5% |
| Financial fixed assets28 | €7,500 | €7,500 | €7,500 | €7,705 | €7,705 | = |
| Current assets29/58 | €43,933 | €9,701 | €31,547 | €71,553 | €55,014 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €34,112 | €9,344 | €28,666 | €56,702 | €35,390 | ▼ 37.6% |
| Trade receivables40 | €13,304 | €9,344 | €28,666 | €56,702 | €35,390 | ▼ 37.6% |
| Other amounts receivable41 | €20,809 | - | - | - | - | - |
| Current investments50/53 | €4,500 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,820 | €255 | €2,055 | €14,837 | €14,056 | ▼ 5.3% |
| Deferred charges and accrued income490/1 | €2,500 | €102 | €826 | €14 | €5,567 | ▲ 40,065% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92,644 | €47,101 | €66,393 | €129,661 | €128,792 | ▼ 0.7% |
| Equity10/15 | €16,031 | -€33,241 | €22,549 | €24,197 | €26,307 | ▲ 8.7% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1,771 | -€47,501 | €2,089 | €3,737 | €5,847 | ▲ 56.5% |
| Amounts payable17/49 | €76,613 | €80,342 | €43,844 | €105,464 | €102,484 | ▼ 2.8% |
| Amounts payable after more than one year17 | €45,213 | €51,685 | €15,181 | €73,109 | €52,753 | ▼ 27.8% |
| Financial debts170/4 | €8,417 | €24,735 | €14,898 | €43,602 | €27,640 | ▼ 36.6% |
| Other amounts payable178/9 | €36,797 | €26,951 | €283 | €29,507 | €25,113 | ▼ 14.9% |
| Amounts payable within one year42/48 | €31,100 | €28,656 | €28,663 | €32,355 | €49,732 | ▲ 53.7% |
| Current portion of amounts payable after more than one year42 | €7,596 | €12,183 | €10,774 | €19,373 | €17,663 | ▼ 8.8% |
| Trade debts44 | €15,105 | €9,068 | €14,871 | €7,138 | €4,317 | ▼ 39.5% |
| Suppliers440/4 | €15,105 | €9,068 | €14,871 | €7,138 | €4,317 | ▼ 39.5% |
| Taxes, remuneration and social security45 | €8,399 | €7,405 | €3,019 | €5,844 | €27,752 | ▲ 375% |
| Taxes450/3 | €8,399 | €7,405 | €3,019 | €5,844 | €10,323 | ▲ 76.6% |
| Remuneration and social security454/9 | - | - | - | - | €17,429 | - |
| Accrued charges and deferred income492/3 | €300 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,385 | -€49,272 | €49,590 | €1,648 | €2,110 | ▲ 28.1% |
| + Depreciation and write-downs630 | €12,602 | €16,500 | €12,025 | €15,489 | €17,827 | ▲ 15.1% |
| Operating cash flow (approximation) | -€13,783 | -€32,772 | €61,615 | €17,137 | €19,937 | ▲ 16.3% |
| Investment in fixed assets (approximation) | - | -€5,188 | -€9,472 | -€38,751 | -€33,496 | ▲ 13.6% |
| Change in cash | - | -€2,565 | €1,799 | €12,783 | -€781 | ▼ 106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.21
Current ratio from 1.10 to 2.21.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Back to profitnet €49,590
Net result €49,590 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.10
Current ratio from 0.34 to 1.10.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€49,272
Net result drops to -€49,272, the lowest in the series; recovery starts the following year.
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 113 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 52 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
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.
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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, Namur · 1 establishment unit since 2016
Ground area
6,041 m²
Building footprint
138 m²
Parcel 92135H0208/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Vigo Creative
since 20162.257.733.396
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135H0208/00D000 | Wallonia | 6,041 m² | 1 · 138 m² | - |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 33,343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
62200Computer consultancy and computer facilities management
82300Organisation of conventions and trade shows
82990Other business support services
90399Other support activities for arts and performing arts
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660719260
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.