ACTIVE

VGL CONSTRUCT

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Financial year 2025 · closed on 31/12/2025
Net result
759,8 k €
+150.0% YoY
Gross margin
2,4 M €
+49.8% YoY
Equity
1,2 M €
+67.8% YoY
Workforce
16,0 ETP
+6.7% YoY

What does VGL CONSTRUCT do?

VGL CONSTRUCT is a Private limited company incorporated in 2017. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Sint-Truiden. It employs on average 16,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0669.562.690
Incorporation
13/01/2017
Legal form
Private limited company
Registered office
Windmolenstraat 29
3800 Sint-Truiden · FlandreSee on map
Contributed capital
2 000,00 €
Latest accounts
31/12/2025
Average workforce
16,0 ETP
Activities (NACE)
42220Construction of utility projects for electricity and telecommunications· main42220Construction of utility projects for electricity and telecommunications
Joint committees (4)
  • 124
  • 149
  • 14901
  • 200
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin2,4 M €1,6 M €809,4 k €955,3 k €896,3 k €560,7 k €499,7 k €245,2 k €-20,8 k €
EBITDA1,2 M €619,1 k €136,8 k €364 k €261,5 k €150 k €152,3 k €65,6 k €-21,5 k €
Operating result1,1 M €496,8 k €20,8 k €239 k €175,3 k €101,1 k €80,8 k €45,6 k €-23 k €
Net result759,8 k €304 k €-12,6 k €144,4 k €127,8 k €66 k €50,4 k €38,1 k €-24,1 k €
Balance sheet
Equity1,2 M €690,8 k €386,8 k €417,8 k €275 k €147,3 k €81,3 k €57,3 k €-5,5 k €
Total assets3,5 M €2,7 M €1,8 M €1,6 M €1,6 M €449,8 k €440,5 k €210,7 k €31,5 k €
Cash741,1 k €522,5 k €118,3 k €1,4 k €77,1 k €24 k €23,1 k €37,9 k €–
Debts2,4 M €2 M €1,4 M €1,2 M €1,4 M €302,6 k €359,2 k €153,3 k €37,1 k €
Other
Workforce16,0 ETP15,0 ETP11,3 ETP11,5 ETP12,0 ETP––––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Liesbeth Cans

Mandate

Active

Ended mandates

Liesbeth Cans

Director

Ended
Liesbeth Cans

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/05/202630/06/202527/07/202411/03/202325/06/202225/06/2021
General meeting20/05/202619/06/202520/06/202410/03/202316/06/202217/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/05/202622/05/2026DutchPDF
Abridged model31/12/202419/06/202530/06/2025DutchPDF
Abridged model31/12/202320/06/202427/07/2024DutchPDF
Abridged model31/12/202210/03/202311/03/2023DutchPDF
Abridged model31/12/202116/06/202225/06/2022DutchPDF
Micro model31/12/202017/06/202125/06/2021DutchPDF
Micro model31/12/201918/06/202025/06/2020DutchPDF
Micro model31/12/201820/05/201922/05/2019DutchPDF
Micro model31/12/201721/06/201828/06/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 31/12/2025 · 1 active · 2 ended

Active mandates

Liesbeth Cans

Mandate

Active

Ended mandates

Liesbeth Cans

Director

Ended
Liesbeth Cans

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring12/08/2026
    PARTIËLE SPLITSING VAN “VGL CONSTRUCT” NAAR “LIVENTO”
    PDF
  • Restructuring08/05/2026
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office17/09/2024
    WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office11/09/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates23/12/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/07/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares20/03/2018
    KAPITAAL - AANDELEN
    PDF
  • Mandates14/12/2017
    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

Timeline

  1. 2025
    Annual accounts 2025759,8 k €↑
  2. 2024
    Annual accounts 2024304 k €↑
  3. 2023
    Annual accounts 2023-12,6 k €↓
  4. 2022
    Annual accounts 2022144,4 k €↑
  5. 2021
    Annual accounts 2021127,8 k €↑
  6. 2020
    Annual accounts 202066 k €↑
  7. 2019
    Annual accounts 201950,4 k €↑
  8. 2018
    Annual accounts 201838,1 k €↑
  9. 2017
    Annual accounts 2017-24,1 k €
  10. 13/01/2017
    IncorporationPrivate limited company