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4VR

Active
Private limited companyfounded 2025active for 1 yearRue des Rochers 26, 4460 Grâce-Hollogne, BelgiumKBO/BCE: BE 1019.468.911

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 26-06-2026 at the NBB

Equity
€25,769
Total assets
€383,001
Net result
-€2,231
Working capital
€34,376

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
Assets €374,093
Fixed assets €302,310
Current assets €71,783
Equity and liabilities €383,001
Equity €25,769
Debt €357,232
Debt's share of the balance-sheet total is 93.3%.
Key figures and ratios
2025 value
Current ratio
1.92
Debt to equity
13.86
ROE
-8.7%
ROA
-0.6%
Debt ≤ 1 year
€37,408
Debt > 1 year
€319,819

Investments

fixed assets acquired
Item2025
Tangible fixed assets€277,310
Intangible fixed assets€25,000

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as 4VR: other amusement and recreation activities (NACE 93299). They are comparable in size and age: total assets between €310,000 and €439,000, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
4VR Grâce-Hollogne2025€383,001€25,769-€1,310-€2,2312025
CERACHOU Ciney2024€380,109-€108,678-€43,137-€108,7172025
FEST-EVENTS & PROJECTS Chaumont-Gistoux2024€329,058€328,236-€4,173-€5,6642025
Social Events Merksplas2025€317,678-€45,756-€39,716-€65,7562025
MADELINE Antwerpen2025€318,483-€42,542-€45,598-€47,5422025
NEW JUMP ADVENTURE Jurbise2024€438,531€39,987-€20,583-€35,0132025
AETERNA Tournai2025€310,241€138,263-€3,148-€11,7372025

They were chosen from the 1,257 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 280 companies had the same profile as 4VR has now. Two years later, 1.1% had gone bankrupt and 95.7% were still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a small loss
1.1% went bankrupt
3.2% stopped otherwise
95.7% was still going

That fits the bankruptcy probability of 4VR itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 280 companies, not a prediction for 4VR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 35 lines

Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.

Balance sheet Code2025
Assets
Total assets20/58€383,001
Formation expenses20€8,907
Fixed assets21/28€302,310
Intangible fixed assets21€25,000
Tangible fixed assets22/27€277,310
Plant, machinery and equipment23€131,950
Other tangible fixed assets26€145,360
Current assets29/58€71,783
Amounts receivable within one year40/41€10,103
Trade receivables40€4,846
Other amounts receivable41€5,256
Cash at bank and in hand54/58€61,664
Deferred charges and accrued income490/1€16
Equity and liabilities
Total equity and liabilities10/49€383,001
Equity10/15€25,769
Contributions10/11€28,000
Profit (loss) carried forward14-€2,231
Amounts payable17/49€357,232
Amounts payable after more than one year17€319,819
Financial debts170/4€207,819
Other amounts payable178/9€112,000
Amounts payable within one year42/48€37,408
Trade debts44€37,408
Suppliers440/4€37,408
Accrued charges and deferred income492/3€5
Income statement Code2025
Gross operating margin9900-€1,310
Operating profit (loss)9901-€1,310
Financial income75/76B€16
Recurring financial income75€16
Financial charges65/66B€937
Recurring financial charges65€937
Profit (loss) for the period before taxes9903-€2,231
Profit (loss) for the period9904-€2,231
Profit (loss) for the period to be appropriated9905-€2,231
Appropriation of the result
Profit (loss) to be appropriated9906-€2,231

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Gross operating margin9900-€1,310
Operating profit (loss)9901-€1,310
Financial income75/76B€16
Recurring financial income75€16
Financial charges65/66B€937
Recurring financial charges65€937
Profit (loss) for the period before taxes9903-€2,231
Profit (loss) for the period9904-€2,231
Profit (loss) for the period to be appropriated9905-€2,231
Line2025
Assets
Total assets20/58€383,001
Formation expenses20€8,907
Fixed assets21/28€302,310
Intangible fixed assets21€25,000
Tangible fixed assets22/27€277,310
Plant, machinery and equipment23€131,950
Other tangible fixed assets26€145,360
Current assets29/58€71,783
Amounts receivable within one year40/41€10,103
Trade receivables40€4,846
Other amounts receivable41€5,256
Cash at bank and in hand54/58€61,664
Deferred charges and accrued income490/1€16
Equity and liabilities
Total equity and liabilities10/49€383,001
Equity10/15€25,769
Contributions10/11€28,000
Profit (loss) carried forward14-€2,231
Amounts payable17/49€357,232
Amounts payable after more than one year17€319,819
Financial debts170/4€207,819
Other amounts payable178/9€112,000
Amounts payable within one year42/48€37,408
Trade debts44€37,408
Suppliers440/4€37,408
Accrued charges and deferred income492/3€5
Line2025
Profit (loss) for the period9904-€2,231
Operating cash flow (approximation)-€2,231

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 26-06-2026 2026-00201153 NBB

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