VG TECHNICS
ActiveVG TECHNICS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86k and a net result of €17. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-31
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 19.14 against 8.33 in 2023; short-term debt: 4.9% and cash: 83.4% of total assets), and 5.4% of the assets are financed with debt.
Credit advice 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 · 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €86k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
72 d late
2022
1 d early
2021
31 d early
2020
18 d late
2019
55 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€86k=
2023 · €86k
2018: €107k
2019: €83k
2020: €70k
2021: €56k
2022: €62k
2023: €86k
2018 → 2024
Total assets
€91k▼ 4.3%
2023 · €95k
2018: €141k
2019: €113k
2020: €98k
2021: €83k
2022: €88k
2023: €95k
2018 → 2024
Net result
€17▼ 99.9%
2023 · €25k
2018: €-25k
2019: €-24k
2020: €-13k
2021: €-14k
2022: €5k
2023: €25k
2018 → 2024
Working capital
€80k▲ 21.0%
2023 · €66k
2018: €107k
2019: €67k
2020: €60k
2021: €11k
2022: €28k
2023: €66k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€70k-€56k▼ 20.0%€62k▲ 9.7%€86k▲ 39.8%€86k=
Operating result€-13k-€-14k▼ 11.5%€6k€25k▲ 332%€276▼ 98.9%
Net result€-13k-€-14k▼ 10.3%€5k€25k▲ 350%€17▼ 99.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 99% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91k
Fixed assets
€6k▼ 67.4%
Current assets
€85k▲ 12.3%
Equity and liabilities €91k
Equity
€86k=
Debt
€5k▼ 45.6%
The debt ratio falls from 9.5% to 5.4%. Debt is lower.
Key figures and ratios
EBITDA
€14k▼
2023 · €38k
Cash flow
€13k▼
2023 · €38k
Solvency
94.6%▲
2023 · 90.5%
Current ratio
19.14▲
2023 · 8.33
Quick ratio
19.14▲
2023 · 8.33
Debt / equity
0.06▼
2023 · 0.10
ROE
0.0%▼
2023 · 28.5%
ROA
0.0%▼
2023 · 25.8%
Interest coverage
954.62▼
2023 · 3224.64
Debt
€5k▼
2023 · €9k
Debt ≤ 1 year
€4k▼
2023 · €9k
Income taxes
€245▼
2023 · €260
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€95k€91k▼
Fixed assets21/28€20k€6k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€20k€6k▼
Land and buildings22€0€0=
Plant, machinery and equipment23€598€246▼
Furniture and vehicles24€19k€6k▼
Current assets29/58€76k€85k▲
Amounts receivable within one year40/41€13k€8k▼
Trade receivables40€13k€7k▼
Other amounts receivable41€419€2k▲
Cash at bank and in hand54/58€62k€76k▲
Deferred charges and accrued income490/1€284€318▲
Equity and liabilities
Total equity and liabilities10/49€95k€91k▼
Equity10/15€86k€86k=
Contributions10/11€13k€13k=
Reserves13€74k€74k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€72k€72k=
Amounts payable17/49€9k€5k▼
Amounts payable within one year42/48€9k€4k▼
Trade debts44€1k€124▼
Suppliers440/4€1k€124▼
Taxes, remuneration and social security45€265€2k▲
Taxes450/3€265-
Remuneration and social security454/9-€2k
Other amounts payable47/48€8k€3k▼
Accrued charges and deferred income492/3-€500
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€846€6k▲
Gross operating margin9900€39k€20k▼
Operating profit (loss)9901€25k€276▼
Financial charges65/66B€12€14▲
Recurring financial charges65€12€14▲
Profit (loss) for the period before taxes9903€25k€262▼
Income taxes67/77€260€245▼
Profit (loss) for the period9904€25k€17▼
Profit (loss) for the period to be appropriated9905€25k€17▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€17▼
Transfer to equity691/2€25k€17▼
To other reserves6921€25k€17▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 19.14
Current ratio from 8.33 to 19.14; short-term debt falls from €9k to €4k.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Highest result since 2018net €25k ▲350%
Operating result €25k, net result €25k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 8.33
Current ratio from 2.10 to 8.33; short-term debt falls from €26k to €9k.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 4 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Herzele · 1 establishment unit since 2016
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.
Bocht 19550 HerzeleGround area
365 m²
Building footprint
103 m²
Volume, LiDAR
576 m³
Parcel 41028B0285/00V003, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VG TECHNICS
since 20162.254.038.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41028B0285/00V003 | Flanders | 365 m² | 1 · 103 m² | 8.1 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
2025 · 1 entry · 780 EUR awarded · 780 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 780 EUR | 780 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 141 companies in sector 46311 we hold annual accounts for 97. 54 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2008
Fiscal year end31-12
Activities, NACEBEL
46311Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.