ACTIVE

VG

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Financial year 2025 · closed on 31/12/2025
Net result
-443,9 k €
+42.1% YoY
Gross margin
310,5 k €
+20.5% YoY
Equity
-950,7 k €
-87.6% YoY

What does VG do?

VG is a Public limited company incorporated in 2010. Its main activity is: Activities of head offices. Its registered office is in Wommelgem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0827.382.284
Incorporation
30/06/2010
Legal form
Public limited company
Registered office
Koralenhoeve 35
2160 Wommelgem · FlandreSee on map
Contributed capital
2 500 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
70100Activities of head offices· main70100Activities of head offices
Joint committees (2)
  • 200
  • 201
Signals
Positive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin310,5 k €257,8 k €40,4 k €–––––––––––-6,7 k €
EBITDA310,4 k €257,6 k €39,4 k €28,7 k €42,4 k €-15,7 k €5,2 k €49,8 k €-528,1 k €-636,1 k €-173,5 k €-524,1 k €-1,6 M €-2,6 M €-6,7 k €
Operating result310,4 k €257,6 k €39,4 k €28,7 k €42,4 k €-15,7 k €29,3 k €25,8 k €-528,1 k €-651,6 k €-196,6 k €-569,4 k €-1,7 M €-3,9 M €-6,7 k €
Net result-443,9 k €-766,5 k €-753,8 k €38,8 k €264,2 k €203 k €-104,7 k €-48,8 k €8,2 M €-1,8 M €-493,5 k €-1,1 M €-2 M €-5,8 M €-6,8 k €
Balance sheet
Equity-950,7 k €-506,8 k €259,7 k €1 M €974,7 k €710,5 k €507,5 k €612,2 k €661 k €-8,7 M €-6,9 M €-6,4 M €-5,3 M €-3,3 M €2,5 M €
Total assets23,7 M €23,7 M €23,8 M €28,6 M €32,9 M €32,1 M €31,2 M €33,5 M €74,7 M €56,1 M €30,1 M €19,6 M €19,7 M €15,6 M €2,5 M €
Cash1,4 k €1,4 k €1,5 k €2,9 k €3 k €2,9 k €3 k €3,7 k €109,1 k €2,5 k €72,2 k €11,4 k €1,1 k €341,3 k €2,5 M €
Debts24,6 M €24,2 M €23,5 M €27,6 M €31,9 M €31,4 M €30,7 M €32,9 M €74 M €64,8 M €36,9 M €25,9 M €24,9 M €18,7 M €6,1 k €
Other
Workforce––––––––1,4 ETP3,5 ETP4,9 ETP7,2 ETP9,9 ETP15,7 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

C.M.F. Liekens

Managing director · since 03 juin 2024 · until 03 juin 2030

Active
E.A.M. Van Osta

Director · since 03 juin 2024 · until 03 juin 2030

Active

Ended mandates

C.M.F. Liekens

Managing director · since 22 juin 2018 · until 03 juin 2024

Ended
Carl M.F. Liekens

Managing director · since 22 juin 2018 · until 03 juin 2024

Ended
E.A.M. Van Osta

Director · since 22 juin 2018 · until 03 juin 2024

Ended
Erwin A.M. Van Osta

Director · since 22 juin 2018 · until 03 juin 2024

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelFull modelFull modelFull 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 date23/07/202611/07/202501/07/202401/07/202303/08/202229/07/2021
General meeting01/06/202602/06/202503/06/202405/06/202330/06/202229/06/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202623/07/2026DutchPDF
Abridged model31/12/202402/06/202511/07/2025DutchPDF
Abridged model31/12/202303/06/202401/07/2024DutchPDF
Full model31/12/202205/06/202301/07/2023DutchPDF
Full model31/12/202130/06/202203/08/2022DutchPDF
Full model31/12/202029/06/202129/07/2021DutchPDF
Full model31/12/201901/07/202029/07/2020DutchPDF
Full model31/12/201826/06/201922/07/2019DutchPDF
Full model31/12/201722/06/201825/07/2018DutchPDF
Full model31/12/201616/06/201726/07/2017DutchPDF
Full model31/12/201517/06/201606/07/2016DutchPDF
Full model31/12/201418/06/201510/07/2015DutchPDF
Full model31/12/201319/06/201411/07/2014DutchPDF
Full model31/12/201220/06/201328/08/2013DutchPDF
Abridged model30/06/201103/01/201203/02/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 15 ended

Active mandates

C.M.F. Liekens

Managing director · since 03 juin 2024 · until 03 juin 2030

Active
E.A.M. Van Osta

Director · since 03 juin 2024 · until 03 juin 2030

Active

Ended mandates

C.M.F. Liekens

Managing director · since 22 juin 2018 · until 03 juin 2024

Ended
Carl M.F. Liekens

Managing director · since 22 juin 2018 · until 03 juin 2024

Ended
E.A.M. Van Osta

Director · since 22 juin 2018 · until 03 juin 2024

Ended
Erwin A.M. Van Osta

Director · since 22 juin 2018 · until 03 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other12/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Mandates17/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/10/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/08/2012
    MAATSCHAPPELIJKE ZETEL - 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 2025-443,9 k €↑
  2. 2024
    Annual accounts 2024-766,5 k €↓
  3. 03/06/2024
    reconductionErwin A.M. VAN OSTA — bestuurder
  4. 03/06/2024
    reconductionCarl M.F. LIEKENS — bestuurder en gedelegeerd bestuurder
  5. 03/06/2024
    reconductionErnst & Young Bedrijfsrevisoren BV — commissaris
  6. 2023
    Annual accounts 2023-753,8 k €↓
  7. 2023
    Name changeVG
  8. 2022
    Annual accounts 202238,8 k €↓
  9. 2021
    Annual accounts 2021264,2 k €↑
  10. 2020
    Annual accounts 2020203 k €↑
  11. 2019
    Annual accounts 2019-104,7 k €↓
  12. 2018
    Annual accounts 2018-48,8 k €↓
  13. 2017
    Annual accounts 20178,2 M €↑
  14. 2016
    Annual accounts 2016-1,8 M €↓
  15. 2015
    Annual accounts 2015-493,5 k €↑
  16. 2014
    Annual accounts 2014-1,1 M €↑
  17. 2013
    Annual accounts 2013-2 M €↑
  18. 2012
    Annual accounts 2012-5,8 M €↓
  19. 2011
    Annual accounts 2011-6,8 k €
  20. 2011
    Name changeVan Gastel
  21. 30/06/2010
    IncorporationPublic limited company