Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
VGS DEVELOPMENT from Koksijde, company number BE0465687102, closed financial year 2026 with a result of € -4,516 after tax. For that financial year VGS DEVELOPMENT recorded a gross margin of € -3,311 and equity of € 87,818. Compared with financial year 2025, the result moved from € -95,694 to € -4,516. The company made a loss. 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 September 16, 2026.
€ 87,818
▼ 5% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,516
▲ 95 % less loss than in 2025
Profit after tax over the fiscal year.
€ 4,122
▲ 70% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 67,818.
People and assets in 2026
€ 1,792
▼ 25% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 8,321
▲ 198% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 86
▼ 51% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -5,246 | € -74,850 | € -54,167 | € -3,311 | ▲ € 50,856 |
| Profit after taxes | € -42,817 | € -112,297 | € -95,694 | € -4,516 | ▲ € 91,178 |
| Equity | € 300,324 | € 188,027 | € 92,334 | € 87,818 | ▼ 5% |
| Total debts | € 5,021 | € 24,580 | € 50,353 | € 71,443 | ▲ 42% |
| Cash | € 6,719 | € 5,497 | € 2,421 | € 4,122 | ▲ 70% |
| Land & buildings | € 64,443 | € 38,529 | - | - | |
| Retained profit | € 280,324 | € 168,027 | € 72,334 | € 67,818 | ▼ 6% |
| Balance sheet total | € 305,345 | € 212,607 | € 142,687 | € 159,261 | ▲ 12% |
Key figures of VGS DEVELOPMENT, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to VGS DEVELOPMENT?
What happened at VGS DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 4,516. Source: NBB ↗
- Katrien Van Goethem became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Koksijde. KBO
- Carl Van Goethem became a director. NBB
In short
From € 42,817 loss in 2023 to € 4,516 loss in 2026.
Paid € 866 in corporate taxes since 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VGS DEVELOPMENT are Katrien Van Goethem and Carl Van Goethem. Katrien Van Goethem is also behind QODE.
Directors
According to the 2026 annual accounts
since 2023
Carl Van Goethem
Director
since 1999
Establishments
Establishment units
Physical locations of this company
Cesar Francklaan(Kok) 4
8670 Koksijde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.687.102
- VAT number
- BE 0465.687.102
- Registered office
- Cesar Francklaan(Kok) 4, 8670 Koksijde
- Names & denominations
- VGS DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 March 1999
- Peppol
- Active · Active since 16 Apr 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Ontwikkeling van niet-residentiële bouwprojecten
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden