VMG Ventures
ActiveVMG Ventures has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-11k) and a net result of €-193k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 3451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-100
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 4.84 in 2024; short-term debt: 126.8% and cash: 1.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-26.8%
Return on assets
-467.6%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year €-11k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
1 d early
2022
on the day
2021
18 d late
2019
28 d late
2018
25 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-11k
2024 · €181k
2018: €23k
2019: €23k
2021: €109k
2022: €124k
2023: €124k
2024: €181k
2018 → 2025
Total assets
€41k▼ 82.0%
2024 · €229k
2018: €51k
2019: €32k
2021: €227k
2022: €145k
2023: €169k
2024: €229k
2018 → 2025
Net result
€-193k
2024 · €57k
2018: €4k
2019: €125
2021: €87k
2022: €15k
2023: €21k
2024: €57k
2018 → 2025
Working capital
€-11k
2024 · €181k
2018: €22k
2019: €23k
2021: €99k
2022: €116k
2023: €123k
2024: €181k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€124k▲ 13.7%€124k=€181k▲ 45.9%€-11k
Operating result€113k-€22k▼ 80.5%€30k▲ 38.0%€79k▲ 160%€-192k
Net result€87k-€15k▼ 82.7%€21k▲ 43.1%€57k▲ 166%€-193k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €192k after €79k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€346▼ 51.0%
Current assets
€41k▼ 82.1%
Key figures and ratios
EBITDA
€-192k▼
2024 · €80k
Cash flow
€-192k▼
2024 · €58k
Solvency
-26.8%▼
2024 · 79.4%
Current ratio
0.78▼
2024 · 4.84
Quick ratio
0.78▼
2024 · 4.84
Debt / equity
-4.74▼
2024 · 0.26
ROA
-467.6%▼
2024 · 25.0%
Interest coverage
-708.39▼
2024 · 109.47
Debt
€52k▲
2024 · €47k
Debt ≤ 1 year
€52k▲
2024 · €47k
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€229k€41k▼
Fixed assets21/28€705€346▼
Tangible fixed assets22/27€705€346▼
Furniture and vehicles24€705€346▼
Current assets29/58€228k€41k▼
Amounts receivable within one year40/41€189k€40k▼
Trade receivables40€189k-
Other amounts receivable41€238€40k▲
Cash at bank and in hand54/58€36k€663▼
Deferred charges and accrued income490/1€2k€234▼
Equity and liabilities
Total equity and liabilities10/49€229k€41k▼
Equity10/15€181k€-11k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€161k€-31k▼
Amounts payable17/49€47k€52k▲
Amounts payable within one year42/48€47k€52k▲
Trade debts44€228€480▲
Suppliers440/4€228€480▲
Taxes, remuneration and social security45€21k-
Taxes450/3€21k-
Other amounts payable47/48€26k€52k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€615€360▼
Other operating charges640/8€296€0▼
Gross operating margin9900€80k€-192k▼
Operating profit (loss)9901€79k€-192k▼
Financial income75/76B€0€11▲
Recurring financial income75€0€11▲
Financial charges65/66B€727€271▼
Recurring financial charges65€727€271▼
Profit (loss) for the period before taxes9903€78k€-193k▼
Income taxes67/77€21k-
Profit (loss) for the period9904€57k€-193k▼
Profit (loss) for the period to be appropriated9905€57k€-193k▼
Appropriation of the result
Profit (loss) to be appropriated9906€161k€-31k▼
Profit (loss) brought forward from the previous period14P€104k€161k▲
The notes to these accounts (3 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €-193k ▼437%
Net result drops to €-193k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €150kEq €181k ▲45.9%
6 profitable years in a row build equity to €181k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity quadruplescurrent ratio 6.85
Current ratio from 1.90 to 6.85; short-term debt falls from €111k to €20k.
20-05
State Gazette act
General meeting · Director resignation
Director appointment
20-05
State Gazette act
General meeting · Director resignation
Director appointment · Power of attorney
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
30-06
Financial
Highest result since 2018net €87k ▲69203%
Operating result €113k, net result €87k, both a record.
30-06
Financial
Equity above €100kEq €109k ▲382%
3 profitable years in a row build equity to €109k.
05-02
State Gazette act
Incorporation · Founding capital
Corporate purpose · Founder
05-02
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2017
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.
Kunstlaan 561000 BrusselGround area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
VMG Ventures
since 20172.271.125.138
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 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 4,566 companies in sector 74999 we hold annual accounts for 1,940. 1,515 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2017
Fiscal year end30-06
Activities, NACEBEL
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.