VR MACHINING
ActiveVR MACHINING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €351k and a net result of €-80k. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▼-82
Solvency78▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 2.15 in 2023; short-term debt: 46.4% and cash: 5.9% of total assets), and 46.8% 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
53.2%
Return on assets
-12.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
63 d late
2023
61 d late
2022
45 d late
2021
72 d late
2020
61 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-80k
2023 · €104k
2018: €-16k
2019: €10k
2020: €96k
2021: €-20k
2022: €155k
2023: €104k
2018 → 2024
Working capital
€294k▼ 19.4%
2023 · €365k
2018: €62k
2019: €77k
2020: €165k
2021: €139k
2022: €288k
2023: €365k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€193k-€173k▼ 10.6%€328k▲ 89.9%€431k▲ 31.7%€351k▼ 18.6%
Operating result€152k-€-13k€249k€171k▼ 31.2%€-61k
Net result€96k-€-20k€155k€104k▼ 33.0%€-80k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €61k after €171k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €660k
Fixed assets
€59k▼ 17.6%
Current assets
€600k▼ 11.8%
Equity and liabilities €660k
Equity
€351k▼ 18.6%
Debt
€308k▼ 4.0%
The debt ratio rises from 42.7% to 46.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-36k▼
2023 · €195k
Cash flow
€-56k▼
2023 · €127k
Solvency
53.2%▼
2023 · 57.3%
Current ratio
1.96▼
2023 · 2.15
Quick ratio
1.96▼
2023 · 2.15
Debt / equity
0.88▲
2023 · 0.75
ROE
-22.8%▼
2023 · 24.1%
ROA
-12.2%▼
2023 · 13.8%
Interest coverage
-1.88▼
2023 · 11.25
Debt
€308k▼
2023 · €321k
Debt ≤ 1 year
€306k▼
2023 · €316k
Income taxes
€181▼
2023 · €51k
Staff costs
€374k▲
2023 · €346k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€753k€660k▼
Fixed assets21/28€72k€59k▼
Intangible fixed assets21€750€400▼
Tangible fixed assets22/27€60k€47k▼
Plant, machinery and equipment23€24k€20k▼
Furniture and vehicles24€28k€22k▼
Other tangible fixed assets26€7k€6k▼
Financial fixed assets28€12k€12k=
Current assets29/58€681k€600k▼
Amounts receivable after more than one year29€205k€205k=
Other amounts receivable291€205k€205k=
Amounts receivable within one year40/41€455k€344k▼
Trade receivables40€317k€217k▼
Other amounts receivable41€138k€127k▼
Cash at bank and in hand54/58€4k€39k▲
Deferred charges and accrued income490/1€17k€13k▼
Equity and liabilities
Total equity and liabilities10/49€753k€660k▼
Equity10/15€431k€351k▼
Contributions10/11€7k€7k=
Reserves13€355k€355k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€354k€354k=
Profit (loss) carried forward14€69k€-11k▼
Amounts payable17/49€321k€308k▼
Amounts payable within one year42/48€316k€306k▼
Current portion of amounts payable after more than one year42€32k€32k▲
Financial debts43€73k€99k▲
Credit institutions430/8€73k€99k▲
Trade debts44€58k€83k▲
Suppliers440/4€58k€83k▲
Taxes, remuneration and social security45€154k€93k▼
Taxes450/3€104k€26k▼
Remuneration and social security454/9€49k€67k▲
Accrued charges and deferred income492/3€5k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€346k€374k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€25k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€65k-
Other operating charges640/8€5k-
Non-recurring operating charges66A€1k€86k▲
Gross operating margin9900€611k€423k▼
Operating profit (loss)9901€171k€-61k▼
Financial income75/76B€540€226▼
Recurring financial income75€540€226▼
Financial charges65/66B€17k€19k▲
Recurring financial charges65€17k€19k▲
Profit (loss) for the period before taxes9903€155k€-80k▼
Income taxes67/77€51k€181▼
Profit (loss) for the period9904€104k€-80k▼
Profit (loss) for the period to be appropriated9905€104k€-80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€173k€-11k▼
Profit (loss) brought forward from the previous period14P€69k€69k▲
Transfer to equity691/2€104k-
To other reserves6921€104k-
Social balance
Average headcount (FTE)90876.27.1▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 63 days late
2024
31-12
Financial
Weakest financial yearnet €-80k ▼177%
Net result drops to €-80k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
31-12
Financial
Back to profitnet €155k
Net result €155k after one loss-making year.
31-12
Financial
Equity above €200kEq €328k ▲89.9%
Equity rises from €173k to €328k.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €150kEq €193k ▲98.4%
2 profitable years in a row build equity to €193k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Burdinne · 1 establishment unit since 2007
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.
Thier Plumier(OTP) 94210 BurdinneGround area
19.8 ha
Building footprint
6.6 ha
Volume, LiDAR
675,841 m³
2 parcels, Wallonia · tallest building 17.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VR MACHINING
since 20072.202.157.049
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92007E0599/00B000 | Wallonia | 19.1 ha | 1 · 6.6 ha | 17.2 m · 3 fl. |
| 61047B0339/00A000 | Wallonia | 6,242 m² | 1 · 101 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
TRAMETAL
BE 0425.828.020
Morlanwelz · Eq €350k
Atelier Pierre Herrier
BE 0691.786.776
Tournai · Eq €353k
PALM HENRI
BE 0450.275.978
Welkenraedt · Eq €349k
Demaco Laswerken
BE 0841.815.686
Deinze · Eq €353k
HABOMETAAL
BE 0473.238.155
Kortemark · Eq €349k
Of 3,463 companies in sector 25530 we hold annual accounts for 1,656. 1,331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2007
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
25402Manufacture of fabricated metal products, except machinery and equipment
25502Manufacture of fabricated metal products, except machinery and equipment
27320Manufacture of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.