VR GROUP
InactiveVR GROUP was declared bankrupt on 19-12-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 28-01-2025, published in the Belgian State Gazette on 31-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-11-2021, 117 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
117 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 120 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€66,182
2019 · -€2,693
Total assets
€257,585=
2019 · €257,599
Net result
€68,875
2019 · -€41,542
Working capital
€52,216
2019 · -€2,693
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€997--€29,542€80,465
Net result-€2,074--€41,542▼ 1,903%€68,875
Equity€38,850--€2,693€66,182
Total assets€85,962-€257,599▲ 200%€257,585=
Debt€47,113-€260,292▲ 452%€191,403▼ 26.5%
Working capital€36,539--€2,693€52,216
Staff (FTE)0.5-
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 2020: €80,465 after a loss of €29,542 in 2019, the highest result in the available series.
Balance-sheet composition
Assets €257,585
Fixed assets
€13,967
Current assets
€243,619
Equity and liabilities €257,585
Equity
€66,182
Debt
€191,403
Debt finances 74.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€80,939▲
2019 · -€27,232
Cash flow
€69,348▲
2019 · -€39,232
Current ratio
1.27▲
2019 · 0.99
Quick ratio
1.15▲
2019 · 0.79
ROE
104.1%
ROA
26.7%▲
2019 · -16.1%
Debt ≤ 1 year
€191,403▼
2019 · €260,292
Income taxes
€12,408▲
2019 · €331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,311 | €2,311 | €473 | ▼ 79.5% |
| Gross operating margin9900 | €6,517 | -€25,666 | €83,073 | ▲ 424% |
| Operating profit (loss)9901 | €997 | -€29,542 | €80,465 | ▲ 372% |
| Recurring financial income75 | - | - | €3,377 | - |
| Recurring financial charges65 | €2,086 | €11,669 | €2,560 | ▼ 78.1% |
| Profit (loss) for the period before taxes9903 | -€1,089 | -€41,211 | €81,282 | ▲ 297% |
| Income taxes67/77 | €985 | €331 | €12,408 | ▲ 3,649% |
| Profit (loss) for the period9904 | -€2,074 | -€41,542 | €68,875 | ▲ 266% |
| Profit (loss) for the period to be appropriated9905 | -€2,074 | -€41,542 | €68,875 | ▲ 266% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €85,962 | €257,599 | €257,585 | = |
| Fixed assets21/28 | €2,311 | - | €13,967 | - |
| Tangible fixed assets22/27 | €2,311 | - | €13,967 | - |
| Current assets29/58 | €83,652 | €257,599 | €243,619 | ▼ 5.4% |
| Stocks and contracts in progress3 | €8,296 | €51,535 | €23,999 | ▼ 53.4% |
| Amounts receivable within one year40/41 | €71,898 | €204,319 | €212,461 | ▲ 4.0% |
| Cash at bank and in hand54/58 | €3,065 | €696 | €6,741 | ▲ 868% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €85,962 | €257,599 | €257,585 | = |
| Equity10/15 | €38,850 | -€2,693 | €66,182 | ▲ 2,558% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €32,650 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | - | -€10,753 | €58,122 | ▲ 641% |
| Amounts payable17/49 | €47,113 | €260,292 | €191,403 | ▼ 26.5% |
| Amounts payable within one year42/48 | €47,113 | €260,292 | €191,403 | ▼ 26.5% |
| Trade debts44 | - | €239,409 | €167,675 | ▼ 30.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,074 | -€41,542 | €68,875 | ▲ 266% |
| + Depreciation and write-downs630 | €2,311 | €2,311 | €473 | ▼ 79.5% |
| Operating cash flow (approximation) | €237 | -€39,232 | €69,348 | ▲ 277% |
| Change in cash | - | -€2,369 | €6,045 | ▲ 355% |
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
31-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 28-01-2025
2023
27-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 19-12-2023
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
31-12
Financial
Back to profitnet €68,875
Net result €68,875 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet -€41,542
Net result drops to -€41,542, the lowest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
20-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 20 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN HEYLEN VLAKKE VELDEN 1, 2270 HERENT-
HOUT |
19-12-2023 → 28-01-2025 |