Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VAG from Turnhout, company number BE0425552559, closed financial year 2025 with a result of € 332,133 after tax. For that financial year VAG recorded a gross margin of € 2.1 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 357,971 to € 332,133. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 1.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 332,133
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 149,481
▲ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 332,133 paid out
100 % of the profit went to the shareholders, mostly to VAG HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2025
14.3
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 3% vs 2024
€ 70,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.4 million
▲ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 313,789
▼ 47% vs 2024
€ 218,223 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 107,943
Supplier invoices still open on the last day of the fiscal year.
€ 304,883
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,522,026 | € 2,106,340 | € 2,101,424 | € 2,075,135 | ▼ 1% |
| Profit after taxes | € 167,395 | € 395,122 | € 357,971 | € 332,133 | ▼ 7% |
| Equity | € 1,262,087 | € 1,262,087 | € 1,262,087 | € 1,262,087 | |
| Total debts | € 1,247,131 | € 1,838,694 | € 1,442,219 | € 1,349,260 | ▼ 6% |
| Cash | € 129,275 | € 202,636 | € 93,879 | € 149,481 | ▲ 59% |
| Land & buildings | € 6,810 | € 17,689 | € 12,352 | € 7,242 | ▼ 41% |
| Retained profit | € 1,200,087 | € 1,200,087 | € 1,200,087 | € 1,200,087 | |
| Dividend | € 167,395 | € 395,122 | € 357,971 | € 332,133 | ▼ 7% |
| Bank debt | € 868,575 | € 980,431 | € 594,772 | € 313,789 | ▼ 47% |
| Balance sheet total | € 2,509,218 | € 3,100,781 | € 2,704,306 | € 2,611,347 | ▼ 3% |
| Employees (FTE) | 14.8 | 15.9 | 15.9 | 14.3 | ▼ 1.6 |
Key figures of VAG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VAG?
What happened at VAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 332,133 (▼ 7% vs 2024). Source: NBB ↗
- New establishment in Hasselt. KBO
- New establishment in Zonhoven. KBO
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
- New establishment in Turnhout. KBO
In short
From € 167,395 profit in 2022 to € 332,133 profit in 2025.
Paid € 446,181 in corporate taxes since 2022.
Best year ever: 2023, with € 395,122 profit.
On average € 145,100 of value added per employee in 2025.
Management
The stake of VAG HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VAGBehind VAG is Kris De Heer VANGEEL. The shares are held by VAG HOLDING (100%).
Directors
According to the 2025 annual accounts
Kris De Heer VANGEEL
Managing director
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Steenweg op Gierle 228
2300 Turnhout
Visbeekstraat 3
2300 Turnhout
Active since 1 January 2017
Kempische steenweg 610
3500 Hasselt
Active since 1 February 2022
Heuveneindeweg 78
3520 Zonhoven
Active since 1 February 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.552.559
- VAT number
- BE 0425.552.559
- Registered office
- Steenweg op Gierle 228, 2300 Turnhout
- Names & denominations
- VAG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 1984
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in motorbrandstoffen
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
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