VTG Rail Logistics Belgium
InactiveInactive since 21-04-2026; last annual accounts for fiscal year 2026.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 25-03-2026 was due by 25-10-2026 and was filed on 07-04-2026, 201 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
201 d early
2025
147 d early
2024
92 d late
2023
58 d late
2022
92 d late
2021
91 d late
2020
369 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2026, abbreviated schema
Turnover
€13.82M▼ 12.0%
2018 · €15.71M
2018: €15.71M
2018 → 2019
EBIT margin
5.4%=
2018 · 5.4%
2018: 5.4%
2018 → 2019
Net result
€-21
2025 · €60k
2018: €569k
2019: €514k
2020: €567k
2021: €819k
2022: €534k
2023: €381k
2024: €1.28M
2025: €60k
2018 → 2026
Working capital
€2.25M▲ 2.8%
2024 · €2.19M
2018: €1.50M
2019: €1.41M
2020: €1.47M
2021: €1.69M
2022: €1.43M
2023: €1.82M
2024: €2.19M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€1.43M-€1.81M▲ 26.6%€2.19M▲ 20.8%€2.25M▲ 2.8%€2.25M=
Operating result€735k-€491k▼ 33.3%€1.79M▲ 265%€32k▼ 98.2%€729▼ 97.7%
Net result€534k-€381k▼ 28.8%€1.28M▲ 235%€60k▼ 95.3%€-21
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 98% below 2025 and is the lowest result in the available series.
Key figures and ratios
Solvency
100.0%=
2025 · 100.0%
ROE
0.0%▼
2025 · 2.7%
ROA
0.0%▼
2025 · 2.7%
Income taxes
€0▼
2025 · €7k
Staff costs
€0▼
2025 · €60k
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 · 2026 against 2025 · 45 lines
Balance sheet
Code20252026
Assets
Total assets20/58€2.25M€2.25M=
Current assets29/58€2.25M€2.25M=
Amounts receivable within one year40/41€2.24M€2.24M=
Trade receivables40€0-
Other amounts receivable41€2.24M€2.24M=
Cash at bank and in hand54/58€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.25M€2.25M=
Equity10/15€2.25M€2.25M=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.18M€2.18M=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€0-
Distributable reserves133€2.18M€2.18M=
Profit (loss) carried forward14€0-
Amounts payable17/49€0-
Amounts payable within one year42/48€0-
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Income statement
Code20252026
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€60k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€240€0▼
Gross operating margin9900€92k€729▼
Operating profit (loss)9901€32k€729▼
Financial income75/76B€39k€0▼
Recurring financial income75€39k€0▼
Financial charges65/66B€4k€750▼
Recurring financial charges65€4k€750▼
Profit (loss) for the period before taxes9903€67k€-21▼
Income taxes67/77€7k€0▼
Profit (loss) for the period9904€60k€-21▼
Transfer from tax-exempt reserves789€3k€0▼
Profit (loss) for the period to be appropriated9905€63k€-21▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€-21▼
Transfer from equity791/2€0€21▲
Transfer to equity691/2€63k€0▼
To other reserves6921€63k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
Timeline · acts, filings and financial milestones
2026
07-04
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
25-03
Financial
Weakest financial yearnet €-21 ▼100%
Net result drops to €-21, the lowest in the series.
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
31-12
Financial
Highest result since 2018net €1.28M ▲235%
Operating result €1.79M, net result €1.28M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.29
Current ratio from 1.72 to 5.29; short-term debt falls from €2.54M to €509k.
31-12
Financial
Equity above €2MEq €2.19M ▲20.8%
7 profitable years in a row build equity to €2.19M.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 91 days late
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 369 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 50 days late
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
23 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, Antwerpen
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.
Uitbreidingstraat 662600 AntwerpenGround area
2,372 m²
Building footprint
792 m²
Volume, LiDAR
15,969 m³
Parcel 11303B0445/00F008, Flanders · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0445/00F008 | Flanders | 2,372 m² | 1 · 792 m² | 23.9 m · 7 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.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-11-1973
Fiscal year end25-03
Sources
Crossroads Bank for EnterprisesNational Bank · 51 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.