VNR-CONCEPT
ActiveVNR-CONCEPT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €11k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 7311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +48 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 5.63 against 3.55 in 2024), and 19.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.1%
Return on assets
20%
Age of the figures
8 mo
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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
16 d early
2023
23 d early
2022
on the day
2021
61 d late
2020
31 d late
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 33.3%
2024 · €32k
2018: €29k
2019: €30k
2020: €40k
2021: €56k
2022: €59k
2023: €62k
2024: €32k
2018 → 2025
Total assets
€53k▲ 10.4%
2024 · €48k
2018: €34k
2019: €57k
2020: €88k
2021: €80k
2022: €70k
2023: €84k
2024: €48k
2018 → 2025
Net result
€11k
2024 · €-30k
2018: €225
2019: €613
2020: €10k
2021: €16k
2022: €3k
2023: €3k
2024: €-30k
2018 → 2025
Working capital
€30k▲ 70.4%
2024 · €18k
2018: €11k
2019: €14k
2020: €-3k
2021: €15k
2022: €30k
2023: €45k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€56k-€59k▲ 5.2%€62k▲ 5.5%€32k▼ 48.5%€42k▲ 33.3%
Operating result€23k-€8k▼ 63.4%€6k▼ 25.2%€-29k€11k
Net result€16k-€3k▼ 81.3%€3k▲ 10.6%€-30k€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €29k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€16k▼ 30.2%
Current assets
€37k▲ 48.7%
Equity and liabilities €53k
Equity
€42k▲ 33.3%
Debt
€11k▼ 34.7%
The debt ratio falls from 33.7% to 19.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€19k▲
2024 · €-21k
Cash flow
€18k▲
2024 · €-22k
Solvency
80.1%▲
2024 · 66.3%
Current ratio
5.63▲
2024 · 3.55
Quick ratio
5.63▲
2024 · 3.55
Debt / equity
0.25▼
2024 · 0.51
ROE
25.0%▲
2024 · -94.2%
ROA
20.0%▲
2024 · -62.5%
Interest coverage
19.84▲
2024 · -19.72
Debt
€11k▼
2024 · €16k
Debt ≤ 1 year
€7k▼
2024 · €7k
Debt > 1 year
€4k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€48k€53k▲
Fixed assets21/28€23k€16k▼
Tangible fixed assets22/27€23k€16k▼
Furniture and vehicles24€23k€16k▼
Other tangible fixed assets26€510€382▼
Current assets29/58€25k€37k▲
Amounts receivable within one year40/41€18k€22k▲
Trade receivables40€13k€12k▼
Other amounts receivable41€5k€10k▲
Cash at bank and in hand54/58€6k€14k▲
Deferred charges and accrued income490/1€569€1k▲
Equity and liabilities
Total equity and liabilities10/49€48k€53k▲
Equity10/15€32k€42k▲
Contributions10/11€12k€12k=
Reserves13€39k€39k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€-20k€-9k▲
Amounts payable17/49€16k€11k▼
Amounts payable after more than one year17€9k€4k▼
Financial debts170/4€9k€4k▼
Amounts payable within one year42/48€7k€7k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€0€113▲
Taxes450/3€0€113▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€722€1k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€-20k€20k▲
Operating profit (loss)9901€-29k€11k▲
Financial income75/76B€94€49▼
Recurring financial income75€94€49▼
Financial charges65/66B€1k€934▼
Recurring financial charges65€1k€934▼
Profit (loss) for the period before taxes9903€-30k€11k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-30k€11k▲
Profit (loss) for the period to be appropriated9905€-30k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-9k▲
Profit (loss) brought forward from the previous period14P-€-20k
Transfer from equity791/2€10k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
12-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation2 facts ▸
- General meeting, 10 augustus 2026
- Director resignation, Mieke Godderis (zaakvoerder)
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-30k ▼1032%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.72
Current ratio from 1.61 to 3.72; short-term debt falls from €25k to €11k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €16k ▲51.6%
Operating result €23k, net result €16k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-08-2024
Resigned as Manager
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 2012
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.
Vinkenlaan 158870 IzegemGround area
399 m²
Building footprint
93 m²
Volume, LiDAR
38 m³
Parcel 36492A1561/00H000, Flanders · tallest building 18.4 m. Linked by address, not a title deed.
1 establishment unit
VNR-Concept
since 20122.300.470.707
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A1561/00H000 | Flanders | 399 m² | 1 · 93 m² | 18.4 m |
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
STM GROUP
BE 0715.504.563
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S&Z
BE 0677.773.840
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Steemans
BE 0733.949.015
Tielt-Winge · Eq €42k
KATELIJNE
BE 0890.308.362
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@44
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Beringen · Eq €43k
Of 2,429 companies in sector 41003 we hold annual accounts for 1,047. 685 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2012
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.