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 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VGL HORECA GROUP from Courcelles, company number BE0798428576, closed financial year 2025 with a result of € -21,465 after tax. For that financial year VGL HORECA GROUP recorded a gross margin of € -9,452 and equity of € -3,305. Compared with financial year 2024, the result moved from € 13,001 to € -21,465. 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 28, 2026.
€ -3,305
▼ € 21,465 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,465
▼ still € 13,001 profit in 2024
Profit after tax over the fiscal year.
€ 5,876
▲ 159% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8,305.
People and assets in 2025
€ 835
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 149,383
€ 15,010 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 13,449
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,128
▲ 44% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 759 | € 19,566 | € -9,452 | ▼ € 29,018 |
| Profit after taxes | € 159 | € 13,001 | € -21,465 | ▼ € 34,466 |
| Equity | € 5,159 | € 18,160 | € -3,305 | ▼ € 21,465 |
| Total debts | € 18,269 | € 19,129 | € 186,771 | ▲ € 167,642 |
| Cash | € 9,083 | € 2,269 | € 5,876 | ▲ 159% |
| Retained profit | € 159 | € 13,160 | € -8,305 | ▼ € 21,465 |
| Bank debt | € 0 | € 0 | € 149,383 | |
| Balance sheet total | € 23,428 | € 37,290 | € 183,467 | ▲ € 146,177 |
Key figures of VGL HORECA GROUP, fiscal years 2023 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 VGL HORECA GROUP?
What happened at VGL HORECA GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 21,465 (▼ € 34,466 vs 2024). filed late Source: NBB ↗
- GILLES HAMOLINE became a director. NBB
- New establishment in Courcelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 159 profit in 2023 to € 21,465 loss in 2025.
Paid € 3,426 in corporate taxes since 2023.
Best year ever: 2024, with € 13,001 profit.
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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 VGL HORECA GROUP are GILLES HAMOLINE and ARNAUD HAMOLINE. GILLES HAMOLINE is also behind ARTWORK CREATIVE.
Directors
According to the 2025 annual accounts
since 2025
ARNAUD HAMOLINE
Director
Establishments
Establishment units
Physical locations of this company
Rue Francisco Ferrer(GY) 50
6181 Courcelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0798.428.576
- VAT number
- BE 0798.428.576
- Registered office
- Rue Francisco Ferrer(GY) 50, 6181 Courcelles
- Names & denominations
- VGL HORECA GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2023
- Peppol
- Active · Active since 23 Mar 2026
- Contact
- [email protected]
- Activities · NACE
Organisatie van congressen en beurzen
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Algemene bouw van kantoorgebouwen
Algemene bouw van residentiële gebouwen
Handelsbemiddeling in de niet-gespecialiseerde groothandel