VLARUS
ActiveSummary
VLARUS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €246k and a net result of €42k. Equity is growing by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-7
Solvency95▲+14
Growth85▲+10
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 5.15 against 3.4 in 2023; short-term debt: 19.1% and cash: 4.1% of total assets), and 29.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-06-2026, 333 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
333 d late
2023
692 d late
2022
990 d late
2021
482 d late
2020
861 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€274k▲ 50.7%
2023 · €182k
2022: €163k
2023: €182k
2022 → 2024
EBIT margin
20.9%▼ 36.7pp
2023 · 57.6%
2022: 57.3%
2023: 57.6%
2022 → 2024
Net result
€42k▼ 44.5%
2023 · €76k
2018: €16k
2019: €6k
2021: €7k
2022: €67k
2023: €76k
2018 → 2024
Working capital
€277k▲ 7.8%
2023 · €257k
2018: €82k
2019: €166k
2020: €136k
2021: €137k
2022: €195k
2023: €257k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€163k€182k▲ 11.1%€274k▲ 50.7%
Equity€55k-€61k▲ 12.4%€128k▲ 109%€204k▲ 59.2%€246k▲ 20.6%
Operating result€12k-€20k▲ 68.9%€94k▲ 358%€105k▲ 11.6%€57k▼ 45.3%
Net result€7k€67k▲ 885%€76k▲ 13.7%€42k▼ 44.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €349k
Fixed assets
€5k
Current assets
€344k
Equity and liabilities €349k
Equity
€246k ▲ 20.6%
Debt
€103k ▼ 35.7%
Debt's share of the balance-sheet total falls from 44.1% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▼
2023 · €107k
Cash flow
€43k▼
2023 · €78k
Current ratio
5.15▲
2023 · 3.40
Debt to equity
0.42▼
2023 · 0.79
ROE
17.1%▼
2023 · 37.2%
ROA
12.0%▼
2023 · 20.8%
Interest coverage
22.67▼
2023 · 25.62
Debt ≤ 1 year
€67k▼
2023 · €107k
Debt > 1 year
€37k▼
2023 · €54k
Income taxes
€15k▼
2023 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€364k€349k▼
Fixed assets21/28-€5k
Tangible fixed assets22/27-€5k
Furniture and vehicles24-€5k
Current assets29/58€364k€344k▼
Amounts receivable within one year40/41€362k€330k▼
Trade receivables40€333k€275k▼
Other amounts receivable41€29k€54k▲
Cash at bank and in hand54/58€2k€14k▲
Equity and liabilities
Total equity and liabilities10/49€364k€349k▼
Equity10/15€204k€246k▲
Contributions10/11€19k€19k=
Reserves13€23k€23k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€162k€204k▲
Amounts payable17/49€161k€103k▼
Amounts payable after more than one year17€54k€37k▼
Financial debts170/4€54k€37k▼
Amounts payable within one year42/48€107k€67k▼
Current portion of amounts payable after more than one year42€17k€19k▲
Financial debts43€10k€10k=
Credit institutions430/8€10k€10k=
Trade debts44€45k-
Suppliers440/4€45k-
Taxes, remuneration and social security45€35k€37k▲
Taxes450/3€27k€37k▲
Remuneration and social security454/9€8k-
Income statement
Code20232024
Turnover70€182k€274k▲
Non-recurring operating income76A€30k-
Goods, raw materials, services and sundry goods60/61€99k€125k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€89k
Other operating charges640/8€5k€2k▼
Gross operating margin9900€112k€149k▲
Operating profit (loss)9901€105k€57k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€102k€57k▼
Income taxes67/77€26k€15k▼
Profit (loss) for the period9904€76k€42k▼
Profit (loss) for the period to be appropriated9905€76k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€162k€204k▲
Profit (loss) brought forward from the previous period14P€86k€162k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 333 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 692 days late
16-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 990 days late
2023
31-12
Financial
Highest result since 2018net €76k ▲13.7%
Operating result €105k, net result €76k, both a record.
31-12
Financial
Equity above €200kEq €204k ▲59.2%
3 profitable years in a row build equity to €204k.
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 861 days late
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 482 days late
2022
31-12
Financial
Equity above €100kEq €128k ▲109%
2 profitable years in a row build equity to €128k.
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €6k ▼61.8%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Bredene · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Fritz Vinckelaan 2128450 BredeneGround area
209 m²
Building footprint
72 m²
Volume, LiDAR
633 m³
Parcel 35002B0440/00Y000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Dak & Renovatie Wybo
since 20032.114.803.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0440/00Y000 | Flanders | 209 m² | 1 · 72 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SCHNACKERS SIMONS
BE 0627.840.121
Plombières · Eq €245,515
JACQUES COMPAGNON
BE 0476.110.543
Oudergem · Eq €245,638
SIL VAN ROOST
BE 0500.483.772
Putte · Eq €245,448
VISION TOITURES
BE 0698.824.622
Brussel · Eq €245,803
ALDAKSAN
BE 0472.841.445
Asse · Eq €245,907
Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 3,485 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.