V4R
ActiveSummary
V4R has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €517,561 and a net result of €179,972. Equity is growing by ~52.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 10.14 against 4.18 in 2023; short-term debt: 9.8% and cash: 42.4% of total assets), and 9.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
90.2%
Return on assets
31.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
41 d early
2022
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€517,561▲ 53.3%
2023 · €337,589
Total assets
€573,828▲ 29.7%
2023 · €442,258
Net result
€179,972▲ 2.6%
2023 · €175,363
Working capital
€514,505▲ 54.5%
2023 · €333,041
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€211,732-€229,688▲ 8.5%€235,793▲ 2.7%
Net result€162,126above the sector's middle half-€175,363above the sector's middle half▲ 8.2%€179,972above the sector's middle half▲ 2.6%
Equity€162,226within the sector's middle half-€337,589above the sector's middle half▲ 108%€517,561above the sector's middle half▲ 53.3%
Total assets€217,191within the sector's middle half-€442,258within the sector's middle half▲ 104%€573,828above the sector's middle half▲ 29.7%
Debt€54,965-€104,669▲ 90.4%€56,267▼ 46.2%
Working capital€158,700above the sector's middle half-€333,041above the sector's middle half▲ 110%€514,505above the sector's middle half▲ 54.5%
Solvency74.7%within the sector's middle half-76.3%within the sector's middle half▲ 1.6pp90.2%above the sector's middle half▲ 13.9pp
Current ratio3.89within the sector's middle half-4.18within the sector's middle half▲ 0.2910.14above the sector's middle half▲ 5.96
Return on assets (ROA)74.6%above the sector's middle half-39.7%above the sector's middle half▼ 35.0pp31.4%within the sector's middle half▼ 8.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €573,828
Fixed assets
€3,055 ▼ 32.8%
Current assets
€570,772 ▲ 30.4%
Equity and liabilities €573,828
Equity
€517,561 ▲ 53.3%
Debt
€56,267 ▼ 46.2%
Debt's share of the balance-sheet total falls from 23.7% to 9.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€237,285▲
2023 · €231,045
Cash flow
€181,464▲
2023 · €176,719
Debt to equity
0.11▼
2023 · 0.31
ROE
34.8%▼
2023 · 51.9%
Interest coverage
1998.53▲
2023 · 1985.95
Debt ≤ 1 year
€56,267▼
2023 · €104,669
Income taxes
€55,704▲
2023 · €54,210
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,128 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,128 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €961 | €1,357 | €1,492 | ▲ 10.0% |
| Other operating charges640/8 | - | - | €387 | - |
| Gross operating margin9900 | €212,694 | €231,045 | €237,673 | ▲ 2.9% |
| Operating profit (loss)9901 | €211,732 | €229,688 | €235,793 | ▲ 2.7% |
| Financial income75/76B | €1 | €1 | €1 | ▲ 70.0% |
| Recurring financial income75 | €1 | €1 | €1 | ▲ 70.0% |
| Financial charges65/66B | €47 | €116 | €119 | ▲ 2.1% |
| Recurring financial charges65 | €47 | €116 | €119 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €211,686 | €229,573 | €235,675 | ▲ 2.7% |
| Income taxes67/77 | €49,560 | €54,210 | €55,704 | ▲ 2.8% |
| Profit (loss) for the period9904 | €162,126 | €175,363 | €179,972 | ▲ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €162,126 | €175,363 | €179,972 | ▲ 2.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €217,191 | €442,258 | €573,828 | ▲ 29.7% |
| Fixed assets21/28 | €3,526 | €4,547 | €3,055 | ▼ 32.8% |
| Tangible fixed assets22/27 | €3,526 | €4,547 | €3,055 | ▼ 32.8% |
| Furniture and vehicles24 | €3,526 | €4,547 | €3,055 | ▼ 32.8% |
| Current assets29/58 | €213,665 | €437,711 | €570,772 | ▲ 30.4% |
| Amounts receivable within one year40/41 | €22,856 | €30,731 | €26,888 | ▼ 12.5% |
| Trade receivables40 | €22,313 | €30,417 | €26,622 | ▼ 12.5% |
| Other amounts receivable41 | €544 | €314 | €266 | ▼ 15.3% |
| Current investments50/53 | - | - | €300,000 | - |
| Cash at bank and in hand54/58 | €190,075 | €406,979 | €243,040 | ▼ 40.3% |
| Deferred charges and accrued income490/1 | €734 | - | €845 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €217,191 | €442,258 | €573,828 | ▲ 29.7% |
| Equity10/15 | €162,226 | €337,589 | €517,561 | ▲ 53.3% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Reserves13 | €162,000 | €337,000 | €517,000 | ▲ 53.4% |
| Distributable reserves133 | €162,000 | €337,000 | €517,000 | ▲ 53.4% |
| Profit (loss) carried forward14 | €126 | €489 | €461 | ▼ 5.8% |
| Amounts payable17/49 | €54,965 | €104,669 | €56,267 | ▼ 46.2% |
| Amounts payable within one year42/48 | €54,965 | €104,669 | €56,267 | ▼ 46.2% |
| Trade debts44 | €2,194 | €899 | €265 | ▼ 70.5% |
| Suppliers440/4 | €2,194 | €899 | €265 | ▼ 70.5% |
| Taxes, remuneration and social security45 | €49,560 | €103,770 | €55,700 | ▼ 46.3% |
| Taxes450/3 | €49,560 | €103,770 | €55,700 | ▼ 46.3% |
| Other amounts payable47/48 | €3,211 | - | €302 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €162,126 | €175,363 | €179,972 | ▲ 2.6% |
| + Depreciation and write-downs630 | €961 | €1,357 | €1,492 | ▲ 10.0% |
| Operating cash flow (approximation) | €163,088 | €176,719 | €181,464 | ▲ 2.7% |
| Investment in fixed assets (approximation) | - | -€2,378 | €0 | ▲ 100% |
| Change in cash | - | €216,905 | -€163,940 | ▼ 176% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €179,972 ▲2.6%
Operating result €235,793, net result €179,972, both a record.
31-12
Financial
Liquidity doublescurrent ratio 10.14
Current ratio from 4.18 to 10.14; short-term debt falls from €104,669 to €56,267.
31-12
Financial
Equity above €500,000Eq €517,561 ▲53.3%
3 profitable years in a row build equity to €517,561.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €337,589 ▲108%
2 profitable years in a row build equity to €337,589.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2021
Ground area
157 m²
Building footprint
83 m²
Volume, LiDAR
1,169 m³
Parcel 21013B0371/00P019, Brussels · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
V4R
since 20212.324.170.676
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0371/00P019 | Brussels | 157 m² | 1 · 83 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 34,390 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
74999Other professional, scientific and technical activities
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777352357
Also
9925:BE0777352357
Registered
28-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.