VR INTERIEUR
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-12-2025 PDF all 29 filings
Equity
€89,082▼ 2.6%
2024 · €91,431
Total assets
€95,302▼ 7.0%
2024 · €102,516
Net result
-€2,349
2024 · €17,505
Working capital
€88,032▼ 1.3%
2024 · €89,209
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€2,874
2025
20192025
Net result
-€2,349
2025
lowest quarter of the sector
20192025
Equity
€89,082
▼ 2.6%
2025
middle half of the sector
20192025
Total assets
€95,302
▼ 7.0%
2025
middle half of the sector
20192025
Debt
€6,220
▼ 43.9%
2025
20192025
Working capital
€88,032
▼ 1.3%
2025
middle half of the sector
20192025
Solvency
93.5%
▲ 4.3pp
2025
highest quarter of the sector
20192025
Current ratio
15.15
▲ 6.10
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-2.5%
▼ 19.5pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€10,088-€11,693€11,845▲ 1.3%€15,951▲ 34.7%-€2,399€26,475-€2,874
Net result-€7,877-€10,055within the sector's middle half€5,377within the sector's middle half▼ 46.5%€10,044within the sector's middle half▲ 86.8%-€2,998below the sector's middle half€17,505within the sector's middle half-€2,349below the sector's middle half
Equity€51,448-€61,502within the sector's middle half▲ 19.5%€66,879within the sector's middle half▲ 8.7%€76,924within the sector's middle half▲ 15.0%€73,926within the sector's middle half▼ 3.9%€91,431within the sector's middle half▲ 23.7%€89,082within the sector's middle half▼ 2.6%
Total assets€59,482-€65,330below the sector's middle half▲ 9.8%€67,787below the sector's middle half▲ 3.8%€81,583within the sector's middle half▲ 20.4%€77,977within the sector's middle half▼ 4.4%€102,516within the sector's middle half▲ 31.5%€95,302within the sector's middle half▼ 7.0%
Debt€8,034-€3,827▼ 52.4%€908▼ 76.3%€4,659▲ 413%€4,051▼ 13.0%€11,084▲ 174%€6,220▼ 43.9%
Working capital€50,667-€61,002within the sector's middle half▲ 20.4%€66,511within the sector's middle half▲ 9.0%€76,138within the sector's middle half▲ 14.5%€70,314within the sector's middle half▼ 7.6%€89,209within the sector's middle half▲ 26.9%€88,032within the sector's middle half▼ 1.3%
Solvency86.5%-94.1%above the sector's middle half▲ 7.6pp98.7%above the sector's middle half▲ 4.5pp94.3%above the sector's middle half▼ 4.4pp94.8%above the sector's middle half▲ 0.5pp89.2%above the sector's middle half▼ 5.6pp93.5%above the sector's middle half▲ 4.3pp
Current ratio7.31-16.94above the sector's middle half▲ 9.6374.26above the sector's middle half▲ 57.3217.34above the sector's middle half▼ 56.9218.36above the sector's middle half▲ 1.019.05above the sector's middle half▼ 9.3115.15above the sector's middle half▲ 6.10
Return on assets (ROA)-13.2%-15.4%within the sector's middle half▲ 28.6pp7.9%within the sector's middle half▼ 7.5pp12.3%within the sector's middle half▲ 4.4pp-3.8%below the sector's middle half▼ 16.2pp17.1%within the sector's middle half▲ 20.9pp-2.5%below the sector's middle half▼ 19.5pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €2,874, after a profit of €26,475 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,302
Fixed assets
€1,050 ▼ 52.8%
Current assets
€94,253 ▼ 6.0%
Equity and liabilities €95,302
Equity
€89,082 ▼ 2.6%
Debt
€6,220 ▼ 43.9%
Debt's share of the balance-sheet total falls from 10.8% to 6.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,701▼
2024 · €27,864
Cash flow
-€1,177▼
2024 · €18,895
Debt to equity
0.07▼
2024 · 0.12
ROE
-2.6%▼
2024 · 19.1%
Interest coverage
-4.93▼
2024 · 21.96
Debt ≤ 1 year
€6,220▼
2024 · €11,084
Income taxes
€30▼
2024 · €8,601
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-05-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €599 | €3,518 | - | - |
| Depreciation and write-downs of the year | €182 | €691 | €1,390 | €1,173 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €361 | €280 | €132 | €182 | €691 | €1,390 | €1,173 | ▼ 15.6% |
| Other operating charges640/8 | - | - | - | €210 | €592 | €1,098 | €1,316 | ▲ 19.9% |
| Gross operating margin9900 | -€8,899 | €12,101 | €12,734 | €16,343 | -€1,116 | €28,962 | -€385 | - |
| Operating profit (loss)9901 | -€10,088 | €11,693 | €11,845 | €15,951 | -€2,399 | €26,475 | -€2,874 | - |
| Financial income75/76B | - | - | - | €1,101 | €900 | €900 | €900 | = |
| Recurring financial income75 | €4,903 | €5,236 | €900 | €1,101 | €900 | €900 | €900 | = |
| Financial charges65/66B | - | - | - | €1,957 | €1,214 | €1,269 | €345 | ▼ 72.8% |
| Recurring financial charges65 | €2,494 | €3,945 | €4,595 | €1,957 | €1,214 | €1,269 | €345 | ▼ 72.8% |
| Profit (loss) for the period before taxes9903 | -€7,679 | €12,985 | €8,150 | €15,095 | -€2,713 | €26,106 | -€2,319 | - |
| Income taxes67/77 | €199 | €2,930 | €2,773 | €5,051 | €285 | €8,601 | €30 | ▼ 99.7% |
| Profit (loss) for the period9904 | -€7,877 | €10,055 | €5,377 | €10,044 | -€2,998 | €17,505 | -€2,349 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,877 | €10,055 | €5,377 | €10,044 | -€2,998 | €17,505 | -€2,349 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €59,482 | €65,330 | €67,787 | €81,583 | €77,977 | €102,516 | €95,302 | ▼ 7.0% |
| Fixed assets21/28 | €781 | €501 | €369 | €786 | €3,612 | €2,222 | €1,050 | ▼ 52.8% |
| Tangible fixed assets22/27 | €412 | €132 | - | €417 | €3,244 | €1,854 | €681 | ▼ 63.3% |
| Plant, machinery and equipment23 | - | - | - | €417 | €217 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | - | €3,026 | €1,854 | €681 | ▼ 63.3% |
| Financial fixed assets28 | €369 | €369 | €369 | €369 | €369 | €369 | €369 | = |
| Current assets29/58 | €58,701 | €64,829 | €67,419 | €80,797 | €74,365 | €100,293 | €94,253 | ▼ 6.0% |
| Amounts receivable after more than one year29 | - | - | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Other amounts receivable291 | - | - | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Amounts receivable within one year40/41 | €54,134 | €60,070 | €456 | €6,796 | €2,148 | €385 | €4,970 | ▲ 13× |
| Trade receivables40 | - | - | - | €1,863 | €527 | €385 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €4,933 | €1,621 | €0 | €4,970 | - |
| Cash at bank and in hand54/58 | €4,566 | €4,759 | €6,962 | €13,727 | €12,217 | €36,833 | €28,888 | ▼ 21.6% |
| Deferred charges and accrued income490/1 | - | - | - | €274 | €0 | €3,075 | €394 | ▼ 87.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €59,482 | €65,330 | €67,787 | €81,583 | €77,977 | €102,516 | €95,302 | ▼ 7.0% |
| Equity10/15 | €51,448 | €61,502 | €66,879 | €76,924 | €73,926 | €91,431 | €89,082 | ▼ 2.6% |
| Contributions10/11 | €6,197 | €6,197 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Contributions outside capital11 | - | - | - | €6,197 | - | - | - | - |
| Other1109/19 | - | - | - | €6,197 | - | - | - | - |
| Reserves13 | €32,540 | €32,540 | €37,840 | €47,840 | €67,729 | €85,234 | €82,885 | ▼ 2.8% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €45,981 | €67,729 | €85,234 | €82,885 | ▼ 2.8% |
| Profit (loss) carried forward14 | €12,711 | €22,765 | €22,842 | €22,887 | €0 | - | - | - |
| Amounts payable17/49 | €8,034 | €3,827 | €908 | €4,659 | €4,051 | €11,084 | €6,220 | ▼ 43.9% |
| Amounts payable within one year42/48 | €8,034 | €3,827 | €908 | €4,659 | €4,051 | €11,084 | €6,220 | ▼ 43.9% |
| Financial debts43 | - | - | - | - | €1,000 | €1,000 | €1,024 | ▲ 2.4% |
| Credit institutions430/8 | - | - | - | - | €1,000 | €1,000 | €1,024 | ▲ 2.4% |
| Trade debts44 | €5,597 | €1,746 | €194 | €1,894 | €481 | €422 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €1,894 | €481 | €422 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €2,765 | €0 | €9,498 | €4,739 | ▼ 50.1% |
| Taxes450/3 | - | - | - | €2,765 | €0 | €9,498 | €4,739 | ▼ 50.1% |
| Other amounts payable47/48 | - | - | - | - | €2,570 | €165 | €458 | ▲ 178% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,877 | €10,055 | €5,377 | €10,044 | -€2,998 | €17,505 | -€2,349 | - |
| + Depreciation and write-downs630 | €361 | €280 | €132 | €182 | €691 | €1,390 | €1,173 | ▼ 15.6% |
| Operating cash flow (approximation) | -€7,516 | €10,335 | €5,509 | €10,226 | -€2,306 | €18,895 | -€1,177 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€599 | -€3,518 | €0 | €0 | - |
| Change in cash | - | €193 | €2,203 | €6,765 | -€1,510 | €24,615 | -€7,944 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as VR INTERIEUR has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VR INTERIEUR itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for VR INTERIEUR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 09-12-2025 | 2025-00578319 | |
| 30-06-2024 | micro format | 12-12-2024 | 2024-00614460 | |
| 30-06-2023 | micro format | 15-12-2023 | 2023-00530373 | |
| 31-05-2022 | micro format | 07-02-2023 | 2023-00025425 | |
| 31-05-2021 | micro format | 09-11-2021 | 2021-77000065 | |
| 31-05-2020 | micro format | 03-11-2020 | 2020-68200213 | |
| 31-05-2019 | micro format | 20-11-2019 | 2019-74100104 | |
| 31-05-2018 | micro format | 29-11-2018 | 2018-73300504 | |
| 31-05-2017 | micro format | 08-12-2017 | 2017-71600175 | |
| 31-05-2016 | abbreviated format | 05-12-2016 | 2016-69300571 |