NORMAL SITUATION

VORGO

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Financial year 2026 · closed on 17/03/2026

Net result

41,6 €

+100.0% YoY

Gross margin

62,1 €

+100.1% YoY

Equity

-143,2 k €

+0.0% YoY

Company — Normal situation.

What does VORGO do?

VORGO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.563.976

Legal form

Private limited company

Contributed capital

18 592,01 €

Latest accounts

17/03/2026

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	62,1 €	+100%	-65,8 k €	-198%	-22,1 k €	-314%	10,3 k €	-13.2%	11,9 k €	+8.5%	10,9 k €	-40.9%	18,5 k €	-16.3%	22,1 k €	-14.3%	25,8 k €	+64.5%	15,7 k €	-6.2%	16,7 k €	-4.4%	17,5 k €	+4.7%	16,7 k €	-22.9%	21,7 k €	-6.0%	23,1 k €	-5.9%	24,5 k €	-5.6%	26 k €	-11.9%	29,5 k €	-6.3%	31,5 k €	+40.7%	22,4 k €	-12.2%	25,5 k €
EBITDA	62,1 €	+100%	-86,1 k €	-122%	-38,8 k €	-490%	-6,6 k €	-57.7%	-4,2 k €	+4.8%	-4,4 k €	-338%	1,8 k €	-70.5%	6,2 k €	-41.9%	10,7 k €	+239%	3,2 k €	+2.2%	3,1 k €	-23.5%	4,1 k €	+36.0%	3 k €	-61.6%	7,7 k €	-12.6%	8,9 k €	-22.9%	11,5 k €	-17.6%	14 k €	-21.4%	17,8 k €	-8.5%	19,4 k €	+122%	8,8 k €	-17.7%	10,6 k €
Operating result	62,1 €	+100%	-86,1 k €	-121%	-39 k €	-471%	-6,8 k €	-44.6%	-4,7 k €	+4.2%	-4,9 k €	-486%	1,3 k €	-77.5%	5,7 k €	-24.3%	7,5 k €	+992%	-841,1 €	+45.3%	-1,5 k €	+50.4%	-3,1 k €	-255%	2 k €	-69.6%	6,6 k €	-13.3%	7,6 k €	-25.0%	10,1 k €	+41.8%	7,1 k €	-32.9%	10,6 k €	-13.8%	12,4 k €	+2169%	544,8 €	-83.4%	3,3 k €
Net result	41,6 €	+100%	-85,8 k €	-103%	-42,3 k €	-347%	-9,5 k €	-32.0%	-7,2 k €	+1.0%	-7,2 k €	-736%	-866,6 €	-114%	6,4 k €	+26.3%	5,1 k €	+236%	-3,7 k €	+53.5%	-8 k €	-1.2%	-8 k €	-67.0%	-4,8 k €	-3108%	-148,4 €	-119%	785,9 €	-86.5%	5,8 k €	+795%	653 €	-28.3%	911,1 €	-46.9%	1,7 k €	+116%	-10,7 k €	-88.2%	-5,7 k €
Balance sheet
Equity	-143,2 k €	+0.0%	-143,2 k €	-149%	-57,4 k €	-280%	-15,1 k €	-167%	-5,6 k €	-472%	1,5 k €	-82.7%	8,8 k €	-9.0%	9,6 k €	+200%	3,2 k €	+271%	-1,9 k €	-200%	1,9 k €	-81.2%	9,9 k €	-44.5%	17,9 k €	-21.0%	22,6 k €	-0.7%	22,8 k €	+3.6%	22 k €	+36.2%	16,1 k €	+4.2%	15,5 k €	+6.3%	14,6 k €	+13.3%	12,9 k €	-45.4%	23,5 k €
Total assets	4,6 k €	-26.4%	6,2 k €	-94.0%	104 k €	-36.2%	163,1 k €	-0.8%	164,3 k €	+5.9%	155,2 k €	-7.1%	167,1 k €	+2.1%	163,6 k €	+2.8%	159,1 k €	+0.9%	157,7 k €	-6.6%	168,8 k €	+7.0%	157,7 k €	+12.2%	140,6 k €	-3.4%	145,5 k €	-9.6%	160,9 k €	+9.7%	146,8 k €	-0.6%	147,6 k €	+0.0%	147,6 k €	+0.3%	147,1 k €	-4.6%	154,2 k €	-6.5%	164,9 k €
Cash	3,6 k €	-34.6%	5,5 k €	-79.6%	26,7 k €	+18.6%	22,5 k €	-2.0%	23 k €	-24.3%	30,4 k €	-30.7%	43,9 k €	+56.6%	28 k €	+28.7%	21,8 k €	+20.6%	18,1 k €	-25.8%	24,3 k €	+203%	8 k €	+21.1%	6,6 k €	-9.6%	7,3 k €	-55.6%	16,5 k €	+49.4%	11,1 k €	-11.3%	12,5 k €	+448%	2,3 k €	+3.1%	2,2 k €	-60.7%	5,6 k €	-41.0%	9,5 k €
Debts	147,8 k €	-1.1%	149,4 k €	-7.4%	161,4 k €	-8.5%	176,5 k €	+3.8%	170 k €	+10.6%	153,7 k €	-1.9%	156,7 k €	+1.7%	154 k €	-1.3%	155,9 k €	-2.3%	159,6 k €	-1.4%	161,8 k €	+10.9%	145,9 k €	+20.6%	121 k €	-0.2%	121,3 k €	-11.1%	136,5 k €	+10.8%	123,2 k €	-5.1%	129,8 k €	-0.3%	130,2 k €	-0.1%	130,3 k €	-6.3%	139,1 k €	-0.6%	140 k €
Other
Workforce	–		0,1 ETP	-66.7%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP

Governance

Board of directors

Seen on filing of 17/03/2026 · 4 active · 8 ended

Active mandates

Ivonne Van Hasselt

Director

Active

Josephina Breugelmans

Director

Active

Leo Vorsselmans

Director

Active

Willy Vorsselmans

Director

Active

Ended mandates

Ivonne Van Hasselt

Director · since 11 décembre 1987

Ended

Josephina Breugelmans

Director · since 11 décembre 1987

Ended

Leo Vorsselmans

Director · since 11 décembre 1987

Ended

Willy Vorsselmans

Director · since 11 décembre 1987

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2026	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021
Closing of the financial year	17/03/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	3 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	12/03/2026	13/08/2025	21/08/2024	14/07/2023	11/08/2022
General meeting	17/03/2026	12/02/2026	27/05/2025	27/05/2024	27/05/2023	27/05/2022
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

39 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	17/03/2026	17/03/2026	31/03/2026	Dutch	PDF
Abridged model	31/12/2025	12/02/2026	12/03/2026	Dutch	PDF
Abridged model	31/12/2024	27/05/2025	13/08/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	21/08/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	11/08/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	27/05/2020	20/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/05/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	09/08/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/05/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	30/07/2007	Dutch	PDF
Abridged model	31/12/2005	27/05/2006	03/07/2006	Dutch	PDF
Abridged model	31/12/2004	27/05/2005	08/07/2005	Dutch	PDF
Abridged model	31/12/2003	27/05/2004	18/06/2004	Dutch	PDF

View all 39 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 17/03/2026 · 4 active · 8 ended

Active mandates

Ivonne Van Hasselt

Director

Active

Josephina Breugelmans

Director

Active

Leo Vorsselmans

Director

Active

Willy Vorsselmans

Director

Active

Ended mandates

Ivonne Van Hasselt

Director · since 11 décembre 1987

Ended

Josephina Breugelmans

Director · since 11 décembre 1987

Ended

Leo Vorsselmans

Director · since 11 décembre 1987

Ended

Willy Vorsselmans

Director · since 11 décembre 1987

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution06/05/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2026
Annual accounts 202641,6 €↑
2025
Annual accounts 2025-85,8 k €↓
2024
Annual accounts 2024-42,3 k €↓
2023
Annual accounts 2023-9,5 k €↓
2022
Annual accounts 2022-7,2 k €↑
2021
Annual accounts 2021-7,2 k €↓
2020
Annual accounts 2020-866,6 €↓
2019
Annual accounts 20196,4 k €↑
2018
Annual accounts 20185,1 k €↑
2017
Annual accounts 2017-3,7 k €↑
2016
Annual accounts 2016-8 k €↓
2015
Annual accounts 2015-8 k €↓
2014
Annual accounts 2014-4,8 k €↓
2013
Annual accounts 2013-148,4 €↓
2012
Annual accounts 2012785,9 €↓
2011
Annual accounts 20115,8 k €↑
2010
Annual accounts 2010653 €↓
2009
Annual accounts 2009911,1 €↓
2008
Annual accounts 20081,7 k €↑
2007
Annual accounts 2007-10,7 k €↓
2006
Annual accounts 2006-5,7 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VORGO

Overview

What does VORGO do?

Trend over 21 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline