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 56 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
VGEX from Watermaal-Bosvoorde, company number BE0836632522, closed financial year 2026 with a result of € -20,306 after tax. For that financial year VGEX recorded a gross margin of € 270,330 and equity of € 492,777. Compared with financial year 2025, the result moved from € 82,273 to € -20,306. 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 October 2, 2026.
€ 492,777
▼ 29% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,306
▼ still € 82,273 profit in 2025
Profit after tax over the fiscal year.
€ 15,897
▼ 74% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 480,377.
People and assets in 2026
€ 24,594
▼ 55% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 590,686
€ 123,121 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4,944
▲ 71% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 16,507
▼ 23% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 106,585 | € 220,977 | € 259,578 | € 270,330 | ▲ 4% |
| Profit after taxes | € 287,161 | € -120,912 | € 82,273 | € -20,306 | ▼ € 102,579 |
| Equity | € 737,449 | € 616,536 | € 698,809 | € 492,777 | ▼ 29% |
| Total debts | € 961,874 | € 823,376 | € 705,630 | € 821,563 | ▲ 16% |
| Cash | € 811,791 | € 31,709 | € 62,292 | € 15,897 | ▼ 74% |
| Land & buildings | € 1,822,493 | € 2,280,754 | € 2,206,267 | € 2,131,780 | ▼ 3% |
| Retained profit | € 725,049 | € 604,136 | € 686,409 | € 480,377 | ▼ 30% |
| Dividend | € 0 | € 0 | € 0 | € 185,726 | |
| Bank debt | € 17,145 | € 0 | € 0 | € 590,686 | |
| Balance sheet total | € 3,052,289 | € 2,781,728 | € 2,734,886 | € 2,633,165 | ▼ 4% |
Key figures of VGEX, 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 VGEX?
What happened at VGEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 20,306 (▼ € 102,579 vs 2025). Source: NBB ↗
- Vincent Goyens became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 287,161 profit in 2023 to € 20,306 loss in 2026.
Paid € 36,751 in corporate taxes since 2023.
Best year ever: 2023, with € 287,161 profit.
Paid out € 185,726 in dividends to the owners in total.
Management
Behind VGEX is Vincent Goyens. Vincent Goyens is also behind GOMANIRE.
Directors
According to the 2026 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Delleurlaan 31-33
1170 Watermaal-Bosvoorde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0836.632.522
- VAT number
- BE 0836.632.522
- Registered office
- Delleurlaan 31-33, 1170 Watermaal-Bosvoorde
- Names & denominations
- VGEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 2011
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
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