VOGH
ActiveSummary
VOGH has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €-760. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+7
Solvency91▼-1
Growth52=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.66 in 2024; short-term debt: 33.6% and cash: 0.9% of total assets), and 33.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-760
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 4 filingsDeviation from the deadline
2025
26 d late
2024
29 d late
2023
31 d late
2022
148 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€109k▼ 0.7%
2024 · €110k
2022: €76klowest in 4 years
2023: €116k▲ +53.1% vs 2022highest in 4 years
2024: €110k▼ -5.9% vs 2023
2025: €109k▼ -0.7% vs 2024
2022 → 2025
Total assets
€164k▲ 0.9%
2024 · €162k
2022: €130klowest in 4 years
2023: €161k▲ +23.8% vs 2022
2024: €162k▲ +1.1% vs 2023
2025: €164k▲ +0.9% vs 2024highest in 4 years
2022 → 2025
Net result
€-760▲ 88.9%
2024 · €-7k
2022: €73khighest in 4 years
2023: €40k▼ -44.7% vs 2022
2024: €-7k▼ -117% vs 2023lowest in 4 years
2025: €-760▲ +88.9% vs 2024
2022 → 2025
Working capital
€-32k▼ 79.5%
2024 · €-18k
2022: €70khighest in 4 years
2023: €-14k▼ -119% vs 2022
2024: €-18k▼ -32.5% vs 2023
2025: €-32k▼ -79.5% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€76k-€116k▲ 53.1%€110k▼ 5.9%€109k▼ 0.7%
2022: €76klowest in 4 years
2023: €116k▲ +53.1% vs 2022highest in 4 years
2024: €110k▼ -5.9% vs 2023
2025: €109k▼ -0.7% vs 2024
Operating result€73k-€41k▼ 44.4%€22k▼ 44.9%€8k▼ 63.2%
2022: €73khighest in 4 years
2023: €41k▼ -44.4% vs 2022
2024: €22k▼ -44.9% vs 2023
2025: €8k▼ -63.2% vs 2024lowest in 4 years
Net result€73k-€40k▼ 44.7%€-7k€-760▲ 88.9%
2022: €73khighest in 4 years
2023: €40k▼ -44.7% vs 2022
2024: €-7k▼ -117% vs 2023lowest in 4 years
2025: €-760▲ +88.9% vs 2024
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 three years in a row; 2025 is 63% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€141k ▲ 10.6%
Current assets
€23k ▼ 34.4%
Equity and liabilities €164k
Equity
€109k ▼ 0.7%
Debt
€55k ▲ 4.3%
Debt's share of the balance-sheet total rises from 32.5% to 33.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8k▼
2024 · €25k
Cash flow
€-587▲
2024 · €-4k
Current ratio
0.42▼
2024 · 0.66
Debt to equity
0.51▲
2024 · 0.48
ROE
-0.7%▲
2024 · -6.3%
ROA
-0.5%▲
2024 · -4.2%
Interest coverage
46.89▲
2024 · 5.66
Debt ≤ 1 year
€55k▲
2024 · €53k
Income taxes
€9k▼
2024 · €25k
Staff costs
€41k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€162k€164k▲
Fixed assets21/28€127k€141k▲
Tangible fixed assets22/27€173€0▼
Furniture and vehicles24€173€0▼
Financial fixed assets28€127k€141k▲
Current assets29/58€35k€23k▼
Amounts receivable within one year40/41€21k€21k▼
Trade receivables40€11k€20k▲
Other amounts receivable41€10k€2k▼
Cash at bank and in hand54/58€13k€2k▼
Deferred charges and accrued income490/1€390€0▼
Equity and liabilities
Total equity and liabilities10/49€162k€164k▲
Equity10/15€110k€109k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€107k€106k▼
Amounts payable17/49€53k€55k▲
Amounts payable within one year42/48€53k€55k▲
Trade debts44€13k€10k▼
Suppliers440/4€5k€10k▲
Bills of exchange payable441€8k€0▼
Taxes, remuneration and social security45€38k€43k▲
Taxes450/3€34k€32k▼
Remuneration and social security454/9€4k€11k▲
Other amounts payable47/48€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€20k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€173▼
Other operating charges640/8€4k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€49k€51k▲
Operating profit (loss)9901€22k€8k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€4k€179▼
Recurring financial charges65€4k€179▼
Profit (loss) for the period before taxes9903€18k€8k▼
Income taxes67/77€25k€9k▼
Profit (loss) for the period9904€-7k€-760▲
Profit (loss) for the period to be appropriated9905€-7k€-760▲
Appropriation of the result
Profit (loss) to be appropriated9906€107k€106k▼
Profit (loss) brought forward from the previous period14P€113k€107k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €20k | €41k | ▲ 106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €173 | ▼ 93.7% |
| Other operating charges640/8 | €1k | €944 | €4k | €1k | ▼ 65.7% |
| Non-recurring operating charges66A | - | €6k | €0 | - | - |
| Gross operating margin9900 | €77k | €51k | €49k | €51k | ▲ 2.9% |
| Operating profit (loss)9901 | €73k | €41k | €22k | €8k | ▼ 63.2% |
| Financial income75/76B | - | €26 | €0 | €0 | - |
| Recurring financial income75 | - | €26 | €0 | €0 | - |
| Financial charges65/66B | €33 | €272 | €4k | €179 | ▼ 96.0% |
| Recurring financial charges65 | €33 | €272 | €4k | €179 | ▼ 96.0% |
| Profit (loss) for the period before taxes9903 | €73k | €40k | €18k | €8k | ▼ 55.2% |
| Income taxes67/77 | - | - | €25k | €9k | ▼ 64.5% |
| Profit (loss) for the period9904 | €73k | €40k | €-7k | €-760 | ▲ 88.9% |
| Profit (loss) for the period to be appropriated9905 | €73k | €40k | €-7k | €-760 | ▲ 88.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €130k | €161k | €162k | €164k | ▲ 0.9% |
| Fixed assets21/28 | €6k | €130k | €127k | €141k | ▲ 10.6% |
| Tangible fixed assets22/27 | €6k | €3k | €173 | €0 | ▼ 100% |
| Furniture and vehicles24 | €6k | €3k | €173 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €127k | €127k | €141k | ▲ 10.7% |
| Current assets29/58 | €124k | €31k | €35k | €23k | ▼ 34.4% |
| Amounts receivable within one year40/41 | €117k | €22k | €21k | €21k | ▼ 0.8% |
| Trade receivables40 | €62k | €21k | €11k | €20k | ▲ 76.3% |
| Other amounts receivable41 | €56k | €2k | €10k | €2k | ▼ 84.0% |
| Cash at bank and in hand54/58 | €7k | €9k | €13k | €2k | ▼ 88.2% |
| Deferred charges and accrued income490/1 | - | - | €390 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €130k | €161k | €162k | €164k | ▲ 0.9% |
| Equity10/15 | €76k | €116k | €110k | €109k | ▼ 0.7% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €73k | €113k | €107k | €106k | ▼ 0.7% |
| Amounts payable17/49 | €54k | €44k | €53k | €55k | ▲ 4.3% |
| Amounts payable within one year42/48 | €54k | €44k | €53k | €55k | ▲ 4.3% |
| Trade debts44 | €49k | €20k | €13k | €10k | ▼ 22.7% |
| Suppliers440/4 | €49k | €20k | €5k | €10k | ▲ 103% |
| Bills of exchange payable441 | - | - | €8k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €5k | €23k | €38k | €43k | ▲ 13.9% |
| Taxes450/3 | €5k | €23k | €34k | €32k | ▼ 5.6% |
| Remuneration and social security454/9 | - | - | €4k | €11k | ▲ 188% |
| Other amounts payable47/48 | - | €2k | €2k | €2k | = |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €40k | €-7k | €-760 | ▲ 88.9% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €173 | ▼ 93.7% |
| Operating cash flow (approximation) | €76k | €43k | €-4k | €-587 | ▲ 85.7% |
| Investment in fixed assets (approximation) | - | €-127k | €-285 | €-14k | ▼ 4,692% |
| Change in cash | - | €2k | €4k | €-11k | ▼ 363% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €100kEq €116k ▲53.1%
2 profitable years in a row build equity to €116k.
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 148 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Etterbeek · 1 establishment unit since 2021
Ground area
890 m²
Building footprint
627 m²
Volume, LiDAR
12,061 m³
Parcel 21362B0216/00X000, Brussels · tallest building 21.9 m, ±7 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
VOGH
since 20212.326.931.614
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0216/00X000 | Brussels | 890 m² | 1 · 627 m² | 21.9 m · 7 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,737 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
Founded22-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
dumonthadrien05@gmail.com
Phone
+32499888905
Scores and ratios are computed by Checked and are not a credit decision.