Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
V!GO International from Wetteren, company number BE0838892127, closed financial year 2025 with a result of € 18.3 million after tax. For that financial year V!GO International recorded revenue of € 6.6 million and equity of € 72.2 million. Compared with financial year 2024, the result moved from € 21.8 million to € 18.3 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 72.2 million
▲ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18.3 million
▼ 16% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 52.7 million.
People and assets in 2025
20.7
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 11% vs 2024
€ 113,300 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.
€ 1,578
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20.8 million
▲ 29% vs 2024
€ 807,500 is repaid this year. At this pace the long-term loan is gone in ≈ 26 years.
€ 2.3 million
▲ 276% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 209 days on average.
€ 419,195
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,571,408 | € 4,294,440 | € 4,759,801 | € 6,635,348 | ▲ 39% |
| Profit after taxes | € -1,538,064 | € 10,392,620 | € 21,845,259 | € 18,340,195 | ▼ 16% |
| Equity | € 21,641,626 | € 32,034,246 | € 53,879,505 | € 72,219,700 | ▲ 34% |
| Total debts | € 83,498,619 | € 55,693,951 | € 33,384,542 | € 33,014,360 | ▼ 1% |
| Land & buildings | - | € 333,441 | € 333,441 | € 333,441 | |
| Retained profit | € 2,121,744 | € 12,514,364 | € 34,359,623 | € 52,699,818 | ▲ 53% |
| Bank debt | € 50,506,280 | € 32,832,000 | € 16,082,000 | € 20,807,500 | ▲ 29% |
| Balance sheet total | € 105,140,245 | € 87,728,197 | € 87,264,048 | € 105,234,059 | ▲ 21% |
| Employees (FTE) | 17.8 | 19.7 | 20.6 | 20.7 | ▲ 0.1 |
Key figures of V!GO International, 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 V!GO International?
What happened at V!GO International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- S. VAN HECKE BV stepped down as director. NBB
- ELODUS BV stepped down as director. NBB
- TWINC BV stepped down as director. NBB
- M.M.C. BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 18.3 million (▼ 16% vs 2024). Source: NBB ↗
- S. VAN HECKE BV became a director. NBB
- ELODUS BV became a director. NBB
- TWINC BV became a director. NBB
In short
From € 1.5 million loss in 2022 to € 18.3 million profit in 2025.
Paid € 16,229 in corporate taxes since 2022.
Best year ever: 2024, with € 21.8 million 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
It owns 100% of MATTON ORTHOPEDIE and 100% of VIGO itself.
Directors
According to the 2025 annual accounts
Managing director · represented by STEVE VAN HECKE
Also active at: DEMOLDER ORTHOS, VIGO, MATTON ORTHOPEDIE
since 2025 · until 2031
Managing director · represented by DANIEL SENGELOV
Also active at: DEMOLDER ORTHOS, VIGO, MATTON ORTHOPEDIE
since 2025 · until 2031
Managing director · represented by TITIA WILLEMS
Also active at: DEMOLDER ORTHOS, VIGO, MATTON ORTHOPEDIE
since 2025 · until 2031
Managing director · represented by MICHIEL MEERBERGEN
Also active at: DEMOLDER ORTHOS, VIGO, MATTON ORTHOPEDIE
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Biezeweg 13
9230 Wetteren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0838.892.127
- VAT number
- BE 0838.892.127
- Registered office
- Biezeweg 13, 9230 Wetteren
- Names & denominations
- V!GO International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2011
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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