VR
ActiveSummary
VR has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,316 and a net result of €1,911. Equity is shrinking by about 39% per year across the filed financial years. Its solvency ranks better than 14% of 21,099 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- ≈ 0 FTE, estimated
- Equity
- €4,316
- Profit
- €1,911
Why 87raises risk1 change of registered office in 24 monthslowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.08, cash €31,033Size: total assets €45,485Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 16% on solvency, 27% on liquidity, 32% on profitability and 87% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 5 accounts on average 26 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €1,911
- Amendment of the articlesCapital · Capital conversion
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00134258.
2021 to 2025, 5 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8.7 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,251 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €120 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,969 | €1,107 | €2,517 | €2,241 | €2,178 | ▼ 2.8% |
| Other operating charges640/8 | - | €11,301 | €16,836 | €5,265 | - | - |
| Gross operating margin9900 | €22,645 | €7,422 | €8,047 | €7,985 | €6,452 | ▼ 19.2% |
| Operating profit (loss)9901 | €20,677 | -€4,987 | -€11,307 | €479 | €4,154 | ▲ 767% |
| Financial income75/76B | €0 | - | €36 | €3 | €7 | ▲ 166% |
| Recurring financial income75 | €0 | - | €36 | €3 | €7 | ▲ 166% |
| Financial charges65/66B | €19 | €82 | €202 | €314 | €702 | ▲ 124% |
| Recurring financial charges65 | €19 | €82 | €202 | €314 | €702 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €20,657 | -€5,068 | -€11,473 | €168 | €3,460 | ▲ 21× |
| Income taxes67/77 | - | €5,226 | - | €1,654 | €1,548 | ▼ 6.4% |
| Profit (loss) for the period9904 | €20,657 | -€10,294 | -€11,473 | -€1,486 | €1,911 | - |
| Profit (loss) for the period to be appropriated9905 | €20,657 | -€10,294 | -€11,473 | -€1,486 | €1,911 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,655 | €18,763 | €20,924 | €50,552 | €45,485 | ▼ 10.0% |
| Fixed assets21/28 | €3,548 | €2,491 | €4,204 | €1,963 | €1,190 | ▼ 39.4% |
| Tangible fixed assets22/27 | €3,548 | €2,441 | €4,154 | €1,913 | €1,140 | ▼ 40.4% |
| Plant, machinery and equipment23 | €1,582 | €963 | €3,163 | €1,410 | €1,123 | ▼ 20.3% |
| Furniture and vehicles24 | €1,966 | €1,478 | €991 | €503 | €17 | ▼ 96.7% |
| Financial fixed assets28 | - | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €42,107 | €16,272 | €16,719 | €48,588 | €44,295 | ▼ 8.8% |
| Amounts receivable within one year40/41 | €61 | €126 | €10,783 | €1,342 | €12,759 | ▲ 850% |
| Trade receivables40 | - | €18 | €8,327 | €693 | €11,228 | ▲ 16× |
| Other amounts receivable41 | €61 | €108 | €2,456 | €649 | €1,531 | ▲ 136% |
| Cash at bank and in hand54/58 | €42,046 | €16,146 | €5,937 | €46,900 | €31,033 | ▼ 33.8% |
| Deferred charges and accrued income490/1 | - | - | - | €346 | €504 | ▲ 45.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,655 | €18,763 | €20,924 | €50,552 | €45,485 | ▼ 10.0% |
| Equity10/15 | €25,657 | €15,364 | €3,891 | €2,405 | €4,316 | ▲ 79.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €500 | €500 | €500 | €500 | €500 | = |
| Non-distributable reserves130/1 | €500 | €500 | €500 | €500 | €500 | = |
| Reserves not available under the articles1311 | €500 | €500 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €20,157 | €9,864 | -€1,609 | -€3,095 | -€1,184 | ▲ 61.8% |
| Amounts payable17/49 | €19,997 | €3,400 | €17,033 | €48,147 | €41,169 | ▼ 14.5% |
| Amounts payable within one year42/48 | €19,997 | €3,400 | €17,033 | €48,147 | €41,169 | ▼ 14.5% |
| Trade debts44 | €16,709 | - | €5,682 | €33,681 | €17,383 | ▼ 48.4% |
| Suppliers440/4 | €16,709 | - | €5,682 | €33,681 | €17,383 | ▼ 48.4% |
| Taxes, remuneration and social security45 | €3,288 | €863 | €2,755 | €8,308 | €17,688 | ▲ 113% |
| Taxes450/3 | €3,288 | €863 | €1,255 | €8,308 | €17,688 | ▲ 113% |
| Remuneration and social security454/9 | - | - | €1,500 | - | - | - |
| Other amounts payable47/48 | - | €2,537 | €8,596 | €6,157 | €6,097 | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,657 | -€10,294 | -€11,473 | -€1,486 | €1,911 | - |
| + Depreciation and write-downs630 | €1,969 | €1,107 | €2,517 | €2,241 | €2,178 | ▼ 2.8% |
| Operating cash flow (approximation) | €22,626 | -€9,187 | -€8,955 | €755 | €4,089 | ▲ 442% |
| Investment in fixed assets (approximation) | - | -€50 | -€4,231 | €0 | -€1,404 | - |
| Change in cash | - | -€25,900 | -€10,210 | €40,963 | -€15,867 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 31-05-2026 | 2026-00134258 |
| 30-09-2024 | micro format | 30-05-2025 | 2025-00111220 |
| 30-09-2023 | micro format | 22-05-2024 | 2024-00096225 |
| 30-09-2022 | micro format | 22-05-2023 | 2023-00090705 |
| 30-09-2021 | micro format | 23-05-2022 | 2022-20038577 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 04-07-2025 Converted to unavailable equity · €5,000
Group and network
Connections & network
No directors read yet: 2 of 3 Gazette acts processed.
History
Acts, filings and financial milestones
04-07
Gazette deed
Amendment of the articlesCapital · Capital conversion4 facts ▸
- General meeting, 10-06-2025
- Amendment of the articles
- Capital
- Capital conversion, “compte de capitaux propres indisponible” (deed in French)
24-06
Gazette deed
Registered office · PurposeRegistered-office move · Purpose change · Amendment of the articles7 facts ▸
- General meeting, 10-06-2025
- Registered-office move, Louizalaan 54,1050 Brussel
- Other provision, “eenparig, vrijstelling voorlezing verslag bestuursorgaan artikel 5:101 WVV” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Power of attorney
- Power of attorney, Alexandra RHODIUS
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 |
| 23078C0105/00S008 | Flanders | 449 m² | 1 · 85 m² | 10.7 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le conseil en gestion;commercial ou autre; L'agence web; Les portails internet; Les activités d'agence de presse; Les activités d'agence de…” (deed in French)
13 activities (deed in French)
- Le conseil en gestion;commercial ou autre
- L'agence web
- Les portails internet
- Les activités d'agence de presse
- Les activités d'agence de publicité
- Tout ce qui concerne les relations publiques
- Le coaching
- L'activité de conception graphique
- La production de films,de vidéos et de programmes télévisés,de longs métrages et de courts métrages.
- Les activités de formation professionnelle dans le domaine du numérique,notamment la formation à l'utilisation de systèmes de gestion de contenu(CMS)tels que WordPress,Shopify,etc.;l'initiation au marketing digital(réseaux sociaux,publicité en ligne,SEO);la prise en main d'outils numériques(Klaviyo,Google Analytics,etc.).Ces formations sont principalement destinées aux indépendants,PME et ASBL dans un objectif de renforcement de leur autonomie numérique.
- L'organisation d'ateliers et de séances d'accompagnement pédagogique ou de coaching personnalisé,dans le cadre de projets spécifiques ou de programmes de transmission de compétences à vocation éducative.
- La création,la conception et la diffusion de contenus pédagogiques numériques,incluant des modules de formation en ligne,des tutoriels,des supports pédagogiques(PDF,vidéos)et des parcours e-learning,notamment via des plateformes LMS(Learning Management System).
- Le développement d'une offre de formation structurée,en réponse à une demande croissante du marché liée à la digitalisation des entreprises,ce qui justifie l'intégration de ces activités dans l'objet social de la société.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, établissement par simple décision de l'organe d'administration de sièges…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Fixée par l'assemblée qui nomme, organe d'administration” (deed in French)“Indépendamment des frais éventuels de représentation, voyages et déplacements, administrateur” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, cessions sans effet vis-à-vis société et tiers qu'à dater de l'inscription” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement nombre actions acquises si plusieurs, à peine de nullité” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions, actions restantes offertes par priorité aux actionnaires ayant exercé totalité de…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale délibérant dans formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, faculté de l'assemblée générale de désigner un ou plusieurs liquidateurs et…” (deed in French)