VLG-projects
ActiveVLG-projects has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229k and a net result of €3k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-8
Solvency66▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.85 in 2024; short-term debt: 21.3% and cash: 5.1% of total assets), and 58.8% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
41.2%
Return on assets
0.6%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
61 d late
2022
11 d late
2021
10 d late
2020
51 d early
2019
17 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€229k▼ 9.2%
2024 · €252k
2018: €22k
2019: €22k
2020: €45k
2021: €119k
2022: €160k
2023: €217k
2024: €252k
2018 → 2025
Total assets
€556k▼ 3.1%
2024 · €574k
2018: €53k
2019: €42k
2020: €84k
2021: €518k
2022: €580k
2023: €562k
2024: €574k
2018 → 2025
Net result
€3k▼ 91.0%
2024 · €36k
2018: €2k
2019: €-86
2020: €23k
2021: €74k
2022: €60k
2023: €56k
2024: €36k
2018 → 2025
Working capital
€53k▼ 45.2%
2024 · €96k
2018: €8k
2019: €13k
2020: €37k
2021: €35k
2022: €23k
2023: €87k
2024: €96k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€119k-€160k▲ 34.6%€217k▲ 35.2%€252k▲ 16.5%€229k▼ 9.2%
Operating result€85k-€84k▼ 0.4%€93k▲ 9.7%€59k▼ 36.2%€15k▼ 74.3%
Net result€74k-€60k▼ 18.5%€56k▼ 6.3%€36k▼ 36.8%€3k▼ 91.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €556k
Fixed assets
€385k▲ 5.5%
Current assets
€172k▼ 18.1%
Equity and liabilities €556k
Equity
€229k▼ 9.2%
Debt
€327k▲ 1.6%
The debt ratio rises from 56.1% to 58.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61k▼
2024 · €102k
Cash flow
€49k▼
2024 · €78k
Solvency
41.2%▼
2024 · 43.9%
Current ratio
1.45▼
2024 · 1.85
Quick ratio
1.45▼
2024 · 1.85
Debt / equity
1.43▲
2024 · 1.28
ROE
1.4%▼
2024 · 14.1%
ROA
0.6%▼
2024 · 6.2%
Interest coverage
8.40▼
2024 · 13.35
Debt
€327k▲
2024 · €322k
Debt ≤ 1 year
€119k▲
2024 · €113k
Debt > 1 year
€208k▼
2024 · €209k
Income taxes
€9k▼
2024 · €18k
Staff costs
€166k▼
2024 · €250k
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€574k€556k▼
Fixed assets21/28€365k€385k▲
Tangible fixed assets22/27€365k€385k▲
Land and buildings22€264k€254k▼
Plant, machinery and equipment23€53k€42k▼
Furniture and vehicles24€10k€6k▼
Leasing and similar rights25€38k€83k▲
Current assets29/58€210k€172k▼
Amounts receivable after more than one year29€35k€35k=
Other amounts receivable291€35k€35k=
Amounts receivable within one year40/41€140k€96k▼
Trade receivables40€92k€49k▼
Other amounts receivable41€48k€47k▼
Current investments50/53-€6k
Cash at bank and in hand54/58€35k€29k▼
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€574k€556k▼
Equity10/15€252k€229k▼
Contributions10/11€12k€12k=
Reserves13€240k€217k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€238k€217k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€322k€327k▲
Amounts payable after more than one year17€209k€208k▼
Financial debts170/4€209k€208k▼
Amounts payable within one year42/48€113k€119k▲
Current portion of amounts payable after more than one year42€52k€61k▲
Financial debts43€5k€5k▼
Credit institutions430/8€5k€5k▼
Trade debts44€33k€20k▼
Suppliers440/4€33k€20k▼
Taxes, remuneration and social security45€23k€8k▼
Taxes450/3€17k€199▼
Remuneration and social security454/9€6k€8k▲
Other amounts payable47/48-€25k
Income statement
Code20242025
Remuneration, social security and pensions62€250k€166k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€46k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€22k
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A-€23k
Gross operating margin9900€355k€278k▼
Operating profit (loss)9901€59k€15k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€54k€12k▼
Income taxes67/77€18k€9k▼
Profit (loss) for the period9904€36k€3k▼
Profit (loss) for the period to be appropriated9905€36k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€3k▼
Transfer from equity791/2-€26k
Transfer to equity691/2€36k€3k▼
To other reserves6921€36k€3k▼
Profit to be distributed694/7-€26k
Return on contributions (dividend)694-€26k
The notes to these accounts (11 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
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €200kEq €217k ▲35.2%
4 profitable years in a row build equity to €217k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Equity above €150kEq €160k ▲34.6%
3 profitable years in a row build equity to €160k.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Highest result since 2018net €74k ▲223%
Net result €74k, the highest in the series.
31-12
Financial
Equity above €100kEq €119k ▲164%
2 profitable years in a row build equity to €119k.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Weakest financial yearnet €-86 ▼104%
Net result drops to €-86, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
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.
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, Merksplas · 1 establishment unit since 2011
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.
Steenweg op Weelde 422330 MerksplasGround area
3,062 m²
Building footprint
265 m²
Volume, LiDAR
1,711 m³
Parcel 13023C0059/00H005, Flanders · tallest building 16.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VLG-projects
since 20112.203.455.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023C0059/00H005 | Flanders | 3,062 m² | 1 · 265 m² | 16.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,593 EUR awarded · 9,473 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 509 EUR | 509 EUR |
| 2024 | 1 | 1,110 EUR | 1,110 EUR |
| 2023 | 1 | 3,501 EUR | 7,671 EUR |
| 2022 | 1 | 4,473 EUR | 183 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 11,732 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2011
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43332Laying of wooden floor and wall coverings
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.