ACTIVE

VG PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

-46,3 €

-101.4% YoY

Gross margin

33,6 k €

-34.8% YoY

Equity

278,8 k €

-0.0% YoY

What does VG PROJECTS do?

VG PROJECTS is a Private limited company incorporated in 2003. Its registered office is in Sint-Niklaas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.697.322

Incorporation

18/11/2003

Legal form

Private limited company

Registered office

Bookmolenstraat 95
9111 Sint-Niklaas · FlandreSee on map

Contributed capital

37 200,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	33,6 k €	-34.8%	51,5 k €	-71.7%	182,3 k €	+137%	77 k €	+168%	28,7 k €	-82.6%	165,3 k €	+330%	38,5 k €	+38.3%	27,8 k €	+472%	-7,5 k €	-117%	44,6 k €	-36.2%	69,9 k €	+4005%	1,7 k €	-96.2%	44,4 k €	-11.5%	50,2 k €	-10.7%	56,2 k €	-35.2%	86,7 k €	-24.2%	114,3 k €
EBITDA	29,9 k €	-1.4%	30,4 k €	-83.0%	178,8 k €	+149%	71,8 k €	+208%	23,3 k €	-85.6%	162,3 k €	+356%	35,6 k €	+42.5%	25 k €	+397%	-8,4 k €	-119%	43,3 k €	-36.4%	68,1 k €	+380%	-24,3 k €	-159%	41,2 k €	-11.3%	46,4 k €	-11.7%	52,5 k €	-36.1%	82,2 k €	-24.9%	109,4 k €
Operating result	6,1 k €	+277%	1,6 k €	-99.0%	153,8 k €	+226%	47,2 k €	+310%	11,5 k €	-92.1%	145,7 k €	+602%	20,8 k €	+100%	10,4 k €	+174%	-14 k €	-137%	38,2 k €	-38.4%	62 k €	+283%	-33,9 k €	-240%	24,3 k €	-1.2%	24,6 k €	-19.0%	30,4 k €	-49.6%	60,2 k €	-32.5%	89,2 k €
Net result	-46,3 €	-101%	3,4 k €	-96.3%	91,4 k €	+583%	13,4 k €	+292%	-7 k €	-108%	84,8 k €	+1697%	4,7 k €	+183%	1,7 k €	+109%	-18,3 k €	-187%	21 k €	-57.9%	50 k €	+206%	-47,3 k €	-839%	-5 k €	+28.0%	-7 k €	-189%	-2,4 k €	-111%	21,3 k €	-26.0%	28,8 k €
Balance sheet
Equity	278,8 k €	-0.0%	278,9 k €	-21.6%	355,5 k €	+34.6%	264,1 k €	+5.3%	250,7 k €	+25.3%	200,1 k €	+72.4%	116 k €	+4.2%	111,3 k €	+77.5%	62,7 k €	-22.6%	81 k €	+35.1%	60 k €	+498%	10 k €	-82.5%	57,3 k €	-8.1%	62,3 k €	-10.1%	69,3 k €	-3.4%	71,7 k €	+42.3%	50,4 k €
Total assets	516,7 k €	+5.7%	488,7 k €	-9.1%	537,8 k €	-31.8%	788,7 k €	+61.2%	489,4 k €	-5.8%	519,4 k €	+27.3%	408 k €	+64.9%	247,3 k €	+15.9%	213,4 k €	-3.2%	220,4 k €	-28.4%	307,8 k €	+23.9%	248,4 k €	-29.8%	354 k €	-44.4%	636,9 k €	-5.0%	670,4 k €	+26.6%	529,7 k €	-43.0%	929,8 k €
Cash	96,6 k €	-33.2%	144,6 k €	+66.7%	86,8 k €	-72.8%	318,6 k €	+111%	150,9 k €	-60.8%	385,3 k €	+1602%	22,6 k €	-44.2%	40,6 k €	+556%	6,2 k €	-89.1%	56,6 k €	-15.0%	66,6 k €	+654%	8,8 k €	-89.4%	83,7 k €	+173%	30,6 k €	+69280%	44,1 €	+812%	4,8 €	-100.0%	199,2 k €
Debts	237,9 k €	+13.4%	209,8 k €	+22.7%	171 k €	-67.1%	519,5 k €	+118%	238,7 k €	-25.3%	319,4 k €	+9.4%	291,9 k €	+115%	136 k €	-9.8%	150,7 k €	+8.1%	139,4 k €	-43.2%	245,6 k €	+4.5%	234,9 k €	-19.8%	292,9 k €	-48.3%	566,3 k €	-5.8%	601 k €	+31.2%	458 k €	-46.0%	848,2 k €
Other
Workforce	–		–		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Chris Coppejans

Director · since 11 octobre 2023

Active

Ended mandates

chris Coppejans

Manager · since 01 avril 2007

Ended

Chris Coppejans

Director · since 04 juin 2003

Ended

Annick Du Tré

Manager

Ended

Chris Coppejans

Director

Ended

At this address

Other companies at this address

Company	CBE no.
TERRA TRADING● Active	0691.642.662

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	28/07/2025	24/06/2024	27/07/2023	28/07/2022	29/07/2021
General meeting	30/06/2026	30/05/2025	19/06/2024	11/07/2023	30/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	19/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	11/07/2023	27/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	29/07/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	01/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	22/07/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	02/07/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	14/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	02/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	01/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	14/08/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	30/06/2007	24/08/2007	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 6 ended

Active mandates

Chris Coppejans

Director · since 11 octobre 2023

Active

Ended mandates

chris Coppejans

Manager · since 01 avril 2007

Ended

Chris Coppejans

Director · since 04 juin 2003

Ended

Annick Du Tré

Manager

Ended

Chris Coppejans

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/10/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/07/2015
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring14/04/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office04/07/2014
MAATSCHAPPELIJKE ZETEL
PDF
Registered office02/10/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other28/12/2010
DOEL
PDF
Registered office05/10/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/02/2009
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

2025
Annual accounts 2025-46,3 €↓
2024
Annual accounts 20243,4 k €↓
2023
Annual accounts 202391,4 k €↑
2022
Annual accounts 202213,4 k €↑
2021
Annual accounts 2021-7 k €↓
2018
Annual accounts 201884,8 k €↑
2017
Annual accounts 20174,7 k €↑
2016
Annual accounts 20161,7 k €↑
2014
Annual accounts 2014-18,3 k €↓
2013
Annual accounts 201321 k €↓
2012
Annual accounts 201250 k €↑
2011
Annual accounts 2011-47,3 k €↓
2010
Annual accounts 2010-5 k €↑
2009
Annual accounts 2009-7 k €↓
2008
Annual accounts 2008-2,4 k €↓
2007
Annual accounts 200721,3 k €↓
2006
Annual accounts 200628,8 k €
18/11/2003
IncorporationPrivate limited company

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

VG PROJECTS

Overview

What does VG PROJECTS do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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