VGS PROJECTS MANAGEMENT
ActiveVGS PROJECTS MANAGEMENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127k and a net result of €28k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▲+10
Solvency81▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 2.28 against 1.84 in 2023; short-term debt: 43.7% of total assets), and 43.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
91 d late
2022
88 d late
2021
31 d late
2020
61 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€127k▲ 28.6%
2023 · €99k
2018: €52k
2019: €50k
2020: €65k
2021: €76k
2022: €90k
2023: €99k
2018 → 2024
Total assets
€225k▲ 5.7%
2023 · €213k
2018: €74k
2019: €82k
2020: €108k
2021: €132k
2022: €203k
2023: €213k
2018 → 2024
Net result
€28k▲ 218%
2023 · €9k
2018: €21k
2019: €-2k
2020: €16k
2021: €10k
2022: €14k
2023: €9k
2018 → 2024
Working capital
€126k▲ 31.5%
2023 · €96k
2018: €49k
2019: €47k
2020: €62k
2021: €70k
2022: €84k
2023: €96k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€76k▲ 15.8%€90k▲ 18.5%€99k▲ 9.9%€127k▲ 28.6%
Operating result€22k-€21k▼ 3.4%€25k▲ 16.8%€19k▼ 24.6%€41k▲ 118%
Net result€16k-€10k▼ 33.7%€14k▲ 36.2%€9k▼ 36.7%€28k▲ 218%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 118% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €225k
Fixed assets
€556▼ 78.8%
Current assets
€224k▲ 6.7%
Equity and liabilities €225k
Equity
€127k▲ 28.6%
Debt
€98k▼ 14.1%
The debt ratio falls from 53.7% to 43.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2023 · €22k
Cash flow
€30k▲
2023 · €12k
Solvency
56.3%▲
2023 · 46.3%
Current ratio
2.28▲
2023 · 1.84
Quick ratio
2.28▲
2023 · 1.84
Debt / equity
0.78▼
2023 · 1.16
ROE
22.2%▲
2023 · 9.0%
ROA
12.5%▲
2023 · 4.2%
Interest coverage
33.92▲
2023 · 5.99
Debt
€98k▼
2023 · €114k
Debt ≤ 1 year
€98k▼
2023 · €114k
Income taxes
€22k▲
2023 · €13k
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€213k€225k▲
Fixed assets21/28€3k€556▼
Tangible fixed assets22/27€3k€556▼
Plant, machinery and equipment23€3k€556▼
Current assets29/58€210k€224k▲
Amounts receivable within one year40/41€204k€214k▲
Trade receivables40€58k€21k▼
Other amounts receivable41€145k€193k▲
Deferred charges and accrued income490/1€7k€11k▲
Equity and liabilities
Total equity and liabilities10/49€213k€225k▲
Equity10/15€99k€127k▲
Contributions10/11€6k€6k=
Reserves13€92k€121k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€90k€119k▲
Amounts payable17/49€114k€98k▼
Amounts payable within one year42/48€114k€98k▼
Financial debts43€7k€8k▲
Credit institutions430/8€7k€8k▲
Trade debts44€62k€27k▼
Suppliers440/4€62k€27k▼
Advances received on contracts in progress46-€12k
Taxes, remuneration and social security45€45k€51k▲
Taxes450/3€45k€51k▲
Income statement
Code20232024
Remuneration, social security and pensions62€149-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€6k€3k▼
Gross operating margin9900€28k€47k▲
Operating profit (loss)9901€19k€41k▲
Financial income75/76B€7k€11k▲
Recurring financial income75€7k€11k▲
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€22k€50k▲
Income taxes67/77€13k€22k▲
Profit (loss) for the period9904€9k€28k▲
Profit (loss) for the period to be appropriated9905€9k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€28k▲
Transfer to equity691/2€9k€28k▲
To other reserves6921€9k€28k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Highest result since 2018net €28k ▲218%
Operating result €41k, net result €28k, both a record.
31-12
Financial
Equity above €100kEq €127k ▲28.6%
5 profitable years in a row build equity to €127k.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-2k ▼111%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Halen · 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.
Lindestraat 683545 HalenGround area
1,193 m²
Building footprint
161 m²
Volume, LiDAR
712 m³
Parcel 71422B0072/00T000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VGS PROJECTS MANAGEMENT
since 20162.250.678.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71422B0072/00T000 | Flanders | 1,193 m² | 1 · 161 m² | 6.4 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.
Similar companies · same sector, comparable size
TRAILBLAZER
BE 0563.550.006
Mechelen · Eq €127k
VGA INVEST
BE 0780.470.611
Lasne · Eq €127k
Switch On Financial
BE 0777.721.056
Lasne · Eq €127k
DSCOLOR MANAGEMENT
BE 0526.792.548
Ans · Eq €127k
Vercalo Services
BE 0568.978.244
Anzegem · Eq €127k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 40,847 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-02-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.