VR DECOR
ActiveSummary
The annual accounts of VR DECOR for fiscal year 2025 show a net loss of 56% of total assets and of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €26k and a net result of €-63k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 27965 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency48▼-52
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.28 against 3.91 in 2024; short-term debt: 76.9% and cash: 1.1% of total assets), and 76.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.1%
Return on assets
-55.8%
Age of the figures
9 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-63k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 24%
← weakest
strongest →
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 28-08-2026, 28 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
28 d late
2024
13 d early
2023
16 d early
2022
37 d early
2021
29 d late
2020
3 d late
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▼ 70.7%
2024 · €90k
2018: €81k
2019: €85k▲ +5.4% vs 2018
2020: €103k▲ +20.9% vs 2019
2021: €98k▼ -5.2% vs 2020
2022: €113k▲ +15.7% vs 2021
2023: €138k▲ +21.6% vs 2022highest in 8 years
2024: €90k▼ -34.9% vs 2023
2025: €26k▼ -70.7% vs 2024lowest in 8 years
2018 → 2025
Total assets
€114k▼ 5.2%
2024 · €120k
2018: €127k
2019: €117k▼ -7.6% vs 2018
2020: €156k▲ +33.1% vs 2019
2021: €115k▼ -26.3% vs 2020
2022: €154k▲ +34.1% vs 2021
2023: €171k▲ +10.7% vs 2022highest in 8 years
2024: €120k▼ -29.8% vs 2023
2025: €114k▼ -5.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-63k▼ 32.0%
2024 · €-48k
2018: €17k
2019: €4k▼ -73.9% vs 2018
2020: €18k▲ +306% vs 2019
2021: €-5k▼ -130% vs 2020
2022: €15k▲ +386% vs 2021
2023: €24k▲ +59.3% vs 2022highest in 8 years
2024: €-48k▼ -296% vs 2023
2025: €-63k▼ -32.0% vs 2024lowest in 8 years
2018 → 2025
Working capital
€24k▼ 72.3%
2024 · €87k
2018: €73k
2019: €79k▲ +7.9% vs 2018
2020: €101k▲ +28.6% vs 2019
2021: €96k▼ -4.9% vs 2020
2022: €107k▲ +11.4% vs 2021
2023: €133k▲ +23.7% vs 2022highest in 8 years
2024: €87k▼ -34.5% vs 2023
2025: €24k▼ -72.3% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€98k-€113k▲ 15.7%€138k▲ 21.6%€90k▼ 34.9%€26k▼ 70.7%
2021: €98k
2022: €113k▲ +15.7% vs 2021
2023: €138k▲ +21.6% vs 2022highest in 5 years
2024: €90k▼ -34.9% vs 2023
2025: €26k▼ -70.7% vs 2024lowest in 5 years
Operating result€-3k-€24k€33k▲ 39.4%€-45k€-54k▼ 19.1%
2021: €-3k
2022: €24k▲ +902% vs 2021
2023: €33k▲ +39.4% vs 2022highest in 5 years
2024: €-45k▼ -236% vs 2023
2025: €-54k▼ -19.1% vs 2024lowest in 5 years
Net result€-5k-€15k€24k▲ 59.3%€-48k€-63k▼ 32.0%
2021: €-5k
2022: €15k▲ +386% vs 2021
2023: €24k▲ +59.3% vs 2022highest in 5 years
2024: €-48k▼ -296% vs 2023
2025: €-63k▼ -32.0% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54k in 2025 against €45k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€2k ▼ 34.1%
Current assets
€111k ▼ 4.4%
Equity and liabilities €114k
Equity
€26k ▼ 70.7%
Debt
€87k ▲ 189%
Debt's share of the balance-sheet total rises from 25.2% to 76.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-52k▼
2024 · €-44k
Cash flow
€-62k▼
2024 · €-46k
Current ratio
1.28▼
2024 · 3.91
Debt to equity
3.33▲
2024 · 0.34
ROE
-241.4%▼
2024 · -53.6%
ROA
-55.8%▼
2024 · -40.1%
Interest coverage
-5.66▲
2024 · -18.29
Debt ≤ 1 year
€87k▲
2024 · €30k
Income taxes
€176▼
2024 · €233
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€120k€114k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Land and buildings22€1k€812▼
Plant, machinery and equipment23€2k€1k▼
Financial fixed assets28€200€200=
Current assets29/58€117k€111k▼
Amounts receivable within one year40/41€113k€108k▼
Trade receivables40€27k€35k▲
Other amounts receivable41€85k€73k▼
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€120k€114k▼
Equity10/15€90k€26k▼
Contributions10/11€19k€19k=
Reserves13€27k€27k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€44k€-19k▼
Amounts payable17/49€30k€87k▲
Amounts payable within one year42/48€30k€87k▲
Trade debts44€10k€22k▲
Suppliers440/4€10k€22k▲
Taxes, remuneration and social security45€20k€65k▲
Taxes450/3€20k€65k▲
Accrued charges and deferred income492/3€413-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€175€128▼
Gross operating margin9900€-43k€-52k▼
Operating profit (loss)9901€-45k€-54k▼
Financial income75/76B€3€115▲
Recurring financial income75€3€115▲
Financial charges65/66B€2k€9k▲
Recurring financial charges65€2k€9k▲
Profit (loss) for the period before taxes9903€-48k€-63k▼
Income taxes67/77€233€176▼
Profit (loss) for the period9904€-48k€-63k▼
Profit (loss) for the period to be appropriated9905€-48k€-63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€-19k▼
Profit (loss) brought forward from the previous period14P€92k€44k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €2k | €2k | ▼ 7.3% |
| Other operating charges640/8 | €213 | €175 | - | €175 | €128 | ▼ 27.1% |
| Non-recurring operating charges66A | €116 | - | - | - | - | - |
| Gross operating margin9900 | €-1k | €26k | €36k | €-43k | €-52k | ▼ 20.4% |
| Operating profit (loss)9901 | €-3k | €24k | €33k | €-45k | €-54k | ▼ 19.1% |
| Financial income75/76B | €104 | €11 | - | €3 | €115 | ▲ 3,237% |
| Recurring financial income75 | €104 | €11 | - | €3 | €115 | ▲ 3,237% |
| Financial charges65/66B | €1k | €2k | €724 | €2k | €9k | ▲ 289% |
| Recurring financial charges65 | €1k | €2k | €724 | €2k | €9k | ▲ 289% |
| Profit (loss) for the period before taxes9903 | €-4k | €22k | €33k | €-48k | €-63k | ▼ 32.3% |
| Income taxes67/77 | €1k | €6k | €8k | €233 | €176 | ▼ 24.7% |
| Profit (loss) for the period9904 | €-5k | €15k | €24k | €-48k | €-63k | ▼ 32.0% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €15k | €24k | €-48k | €-63k | ▼ 32.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115k | €154k | €171k | €120k | €114k | ▼ 5.2% |
| Fixed assets21/28 | €2k | €7k | €5k | €3k | €2k | ▼ 34.1% |
| Tangible fixed assets22/27 | €2k | €7k | €5k | €3k | €2k | ▼ 36.3% |
| Land and buildings22 | - | €3k | €2k | €1k | €812 | ▼ 45.0% |
| Plant, machinery and equipment23 | €1k | €4k | €3k | €2k | €1k | ▼ 28.6% |
| Furniture and vehicles24 | €260 | - | - | - | - | - |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €113k | €147k | €166k | €117k | €111k | ▼ 4.4% |
| Amounts receivable within one year40/41 | €113k | €145k | €165k | €113k | €108k | ▼ 3.6% |
| Trade receivables40 | €20k | €54k | €31k | €27k | €35k | ▲ 29.0% |
| Other amounts receivable41 | €93k | €91k | €134k | €85k | €73k | ▼ 14.0% |
| Cash at bank and in hand54/58 | €7 | €2k | €382 | €2k | €1k | ▼ 43.9% |
| Deferred charges and accrued income490/1 | €723 | €363 | - | €2k | €2k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115k | €154k | €171k | €120k | €114k | ▼ 5.2% |
| Equity10/15 | €98k | €113k | €138k | €90k | €26k | ▼ 70.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Outside capital11 | - | €19k | - | - | - | - |
| Other1109/19 | - | €19k | - | - | - | - |
| Reserves13 | €27k | €27k | €27k | €27k | €27k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €25k | €25k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €53k | €68k | €92k | €44k | €-19k | ▼ 143% |
| Amounts payable17/49 | €17k | €41k | €33k | €30k | €87k | ▲ 189% |
| Amounts payable within one year42/48 | €17k | €40k | €33k | €30k | €87k | ▲ 193% |
| Trade debts44 | €8k | €32k | €14k | €10k | €22k | ▲ 121% |
| Suppliers440/4 | €8k | €32k | €14k | €10k | €22k | ▲ 121% |
| Taxes, remuneration and social security45 | €9k | €8k | €19k | €20k | €65k | ▲ 230% |
| Taxes450/3 | €9k | €8k | €19k | €20k | €65k | ▲ 230% |
| Accrued charges and deferred income492/3 | - | €797 | - | €413 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €15k | €24k | €-48k | €-63k | ▼ 32.0% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €2k | €2k | ▼ 7.3% |
| Operating cash flow (approximation) | €-4k | €18k | €27k | €-46k | €-62k | ▼ 33.6% |
| Investment in fixed assets (approximation) | - | €-8k | €-346 | €0 | €-592 | - |
| Change in cash | - | €2k | €-1k | €2k | €-992 | ▼ 153% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €24k ▲59.3%
Operating result €33k, net result €24k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Equity above €100kEq €113k ▲15.7%
Equity rises from €98k to €113k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 6.62
Current ratio from 2.91 to 6.62; short-term debt falls from €53k to €17k.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
31-12
Financial
Equity above €100kEq €103k ▲20.9%
3 profitable years in a row build equity to €103k.
Show earlier events
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Waterloo · 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.
Avenue Colle (Jules) 311410 Waterloo1 establishment unit
VR Décor
since 20122.214.040.539
Similar companies · same sector, comparable size
B&S KITCHEN
BE 1000.475.420
Ternat · Eq €26,302
EURO DECO
BE 0860.169.373
Sint-Lambrechts-Woluwe · Eq €26,233
KI tech
BE 1020.451.678
Rumst · Eq €26,314
RENOV IN OUT
BE 0679.589.720
Grimbergen · Eq €26,319
EUROFACADE
BE 0869.487.610
Diepenbeek · Eq €26,347
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,543 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 (pre-2019)
Founded31-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43341Painting of buildings
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.