IMMO VGJ
ActiveIMMO VGJ has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-713k) and a net result of €-210k. Equity is shrinking by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-68
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 18.1 against 3.17 in 2023; short-term debt: 0.8% and cash: 0.9% of total assets), but equity is negative.
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
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
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 →
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 2024Solvency, return and age of the figures
Solvency
-49.8%
Return on assets
-14.6%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-713k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
68 d late
2022
31 d late
2021
57 d late
2020
86 d late
2019
46 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-713k▼ 41.6%
2023 · €-504k
2018: €271k
2019: €126k
2020: €-194k
2021: €-364k
2022: €-491k
2023: €-504k
2018 → 2024
Total assets
€1.43M▼ 1.6%
2023 · €1.45M
2018: €2.53M
2019: €2.04M
2020: €1.92M
2021: €1.79M
2022: €1.66M
2023: €1.45M
2018 → 2024
Net result
€-210k▼ 1,564%
2023 · €-13k
2018: €210k
2019: €-144k
2020: €-320k
2021: €-170k
2022: €-127k
2023: €-13k
2018 → 2024
Working capital
€201k▲ 308%
2023 · €49k
2018: €513k
2019: €76k
2020: €-50k
2021: €49k
2022: €60k
2023: €49k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-194k-€-364k▼ 87.6%€-491k▼ 35.0%€-504k▼ 2.6%€-713k▼ 41.6%
Operating result€-316k-€-163k▲ 48.5%€-137k▲ 16.1%€-22k▲ 83.8%€-220k▼ 891%
Net result€-320k-€-170k▲ 46.9%€-127k▲ 25.1%€-13k▲ 90.1%€-210k▼ 1,564%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €220k in 2024 against €22k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.43M
Fixed assets
€1.22M▼ 11.9%
Current assets
€213k▲ 196%
Key figures and ratios
EBITDA
€-56k▼
2023 · €144k
Cash flow
€-46k▼
2023 · €153k
Solvency
-49.8%▼
2023 · -34.6%
Current ratio
18.10▲
2023 · 3.17
Quick ratio
5.33▲
2023 · 0.52
Debt / equity
-2.90▲
2023 · -3.71
ROA
-14.6%▼
2023 · -0.9%
Interest coverage
-51.10▼
2023 · 96.65
Debt
€2.07M▲
2023 · €1.87M
Debt ≤ 1 year
€12k▼
2023 · €23k
Debt > 1 year
€2.06M▲
2023 · €1.85M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.45M€1.43M▼
Fixed assets21/28€1.38M€1.22M▼
Intangible fixed assets21€7k-
Tangible fixed assets22/27€1.38M€1.22M▼
Land and buildings22€1.25M€1.12M▼
Plant, machinery and equipment23€121k€96k▼
Current assets29/58€72k€213k▲
Stocks and contracts in progress3€60k€150k▲
Contracts in progress37€60k€150k▲
Amounts receivable within one year40/41€10k€50k▲
Trade receivables40€10k€44k▲
Other amounts receivable41-€6k
Cash at bank and in hand54/58€2k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.45M€1.43M▼
Equity10/15€-504k€-713k▼
Contributions10/11€13k€13k=
Reserves13€181k€157k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€179k€157k▼
Profit (loss) carried forward14€-697k€-883k▼
Provisions and deferred taxes16€88k€77k▼
Provisions for liabilities and charges160/5€88k€77k▼
Taxes161€88k€77k▼
Amounts payable17/49€1.87M€2.07M▲
Amounts payable after more than one year17€1.85M€2.06M▲
Financial debts170/4€1.85M€2.06M▲
Amounts payable within one year42/48€23k€12k▼
Current portion of amounts payable after more than one year42€11k-
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€8k-
Taxes450/3€8k-
Other amounts payable47/48€62€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€166k€164k▼
Other operating charges640/8€960€968▲
Gross operating margin9900€145k€-55k▼
Operating profit (loss)9901€-22k€-220k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-24k€-221k▼
Transfer from deferred taxes780€11k€11k=
Profit (loss) for the period9904€-13k€-210k▼
Transfer from tax-exempt reserves789€21k€21k=
Profit (loss) for the period to be appropriated9905€9k€-188k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-697k€-885k▼
Profit (loss) brought forward from the previous period14P€-706k€-697k▲
Transfer from equity791/2-€2k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Liquidity times 6current ratio 18.10
Current ratio from 3.17 to 18.10; short-term debt falls from €23k to €12k.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.15
Current ratio from 0.62 to 2.15; short-term debt falls from €133k to €43k.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Weakest financial yearnet €-320k
Net result drops to €-320k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB 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, Dilbeek · 1 establishment unit since 1987
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.
Ninoofsesteenweg 621700 DilbeekGround area
1,118 m²
Building footprint
619 m²
Volume, LiDAR
3,460 m³
Parcel 23352F0220/00X005, Flanders · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ninoofsesteenweg 62, 1700 Dilbeek
since 19872.234.411.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352F0220/00X005 | Flanders | 1,118 m² | 1 · 619 m² | 15.6 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.
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 12,899 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-1987
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.