Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VAGO from Gent, company number BE0697590445, closed financial year 2025 with a result of € -107,342 after tax. For that financial year VAGO recorded a gross margin of € 523,500 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € -249,670 to € -107,342. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ -1.5 million
▼ € 107,342 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -107,342
▲ 57 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,444
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.5 million.
Debts at end 2025
€ 4.6 million
▼ 3% vs 2024
€ 199,196 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 66,098
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 92,952
▼ 29% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,088 | € 415,160 | € 391,802 | € 523,500 | ▲ 34% |
| Profit after taxes | € -462,856 | € -334,763 | € -249,670 | € -107,342 | ▲ € 142,328 |
| Equity | € -788,578 | € -1,123,341 | € -1,373,012 | € -1,480,354 | ▼ € 107,342 |
| Total debts | € 9,414,756 | € 9,200,163 | € 9,088,798 | € 8,749,707 | ▼ 4% |
| Cash | € 14,710 | - | - | € 15,444 | |
| Land & buildings | € 3,640,500 | € 3,411,628 | € 3,134,448 | € 2,835,544 | ▼ 10% |
| Retained profit | € -1,788,578 | € -2,123,341 | € -2,373,012 | € -2,480,354 | ▼ € 107,342 |
| Bank debt | € 6,500,000 | € 6,368,740 | € 4,706,564 | € 4,552,952 | ▼ 3% |
| Balance sheet total | € 8,626,178 | € 8,076,821 | € 7,715,786 | € 7,269,353 | ▼ 6% |
Key figures of VAGO, 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 VAGO?
What happened at VAGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- XL GROUP VLAANDEREN NV stepped down as director. NBB
- VALMINVEST NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 107,342. filed late Source: NBB ↗
- XL GROUP VLAANDEREN NV became a director. NBB
- VALMINVEST NV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 462,856 loss in 2022 to € 107,342 loss in 2025.
A new publication or filing at VAGO? We notify you, reason included.
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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
The stake of VALMINVEST, XL GROUP VLAANDEREN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VAGOThe shares are held by VALMINVEST (50%) and XL GROUP VLAANDEREN (50%). It owns 100% of MACELLUM itself.
Directors
According to the 2025 annual accounts
Director · represented by Johan GOOSSENS
Also active at: CHILLAX, MACELLUM, SAMIN, Zorgleven Facility
since 2023 · until 2029
Director · represented by Stefaan Vallaeys
Also active at: EVELYN MOREELS, Elitis Property Management, 3 SQUARE EVENTS, Elitis Real Estate, CHILLAX, MACELLUM, Il Posto, TRAFIRE +1 more
since 2023 · until 2029
Shareholders
50%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Hurstweg 8
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →Boxing Club Golden Gloves Gent
VITISCO
€ 14,490 gross margin · 2025
onetowin
€ 1.3 million gross margin · 2025
STEENGOEDT
€ -7,196 gross margin · 2025
BACKLINE SECURITY
€ 7,669 gross margin · 2025
+15 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0697.590.445
- VAT number
- BE 0697.590.445
- Registered office
- Hurstweg 8, 9000 Gent
- Names & denominations
- VAGO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 June 2018
- Peppol
- Active · Active since 30 Mar 2026
- Activities · NACE
Handel in eigen onroerend goed