Checked.be
Active
BE 0471.950.827Private limited company
VR PROJECT
Groene Wandeling 5 ·2970 Schilde, Belgium· 26 yrs active
Sector: Development of residential building projects
(68121)
Conclusion
VR PROJECT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €547k and a net result of €36k. Its solvency ranks better than 50% of 1710 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €547k |
| Net result | €36k |
| Better than sector | 50% |
| Active | 26 yrs |
Financial profile
59
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
54
Profitability
33
Solvency
29
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2000, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
54
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€30k
estimate, not credit advice
Score history
56
2023
54
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.38 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.03 (< 0.6)
-5
Leverage
Debt/equity 5.89 (> 3.0)
-10
Profitability
ROE 7%
+3
Interest coverage
Interest coverage 2.4×
+3
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-08-2025 with the NBB · fiscal year 2024 · abbreviated schema
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.5% | 14.4% | |
| Net result | €36k | €-66 | |
| Equity | €547k | €109k | |
| Gross operating margin | €95k | €52k | |
| Total assets | €3.77M | €1.50M |
€81k
+44.3%
23-24
€36k
+19.7%
23-24
€38k
+23.1%
23-24
€3.77M
+33.5%
23-24
€547k
+7.0%
23-24
€1.02M
-6.9%
23-24
€10k
+27.8%
23-24
€3.22M
+39.3%
23-24
€2.71M
+59.5%
23-24
€485k
-17.1%
23-24
1.38
-16.4%
23-24
0.03
-84.0%
23-24
14.5%
-19.8%
23-24
5.89
+30.1%
23-24
6.6%
+11.8%
23-24
1.0%
-10.3%
23-24
2.41
-22.6%
23-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 |
|---|---|---|
| Deposit | abbreviated schema | abbreviated schema |
| Revenue | - | - |
| EBITDA | €81k | €56k |
| Net profit | €36k | €30k |
| Cash flow | €38k | €31k |
| Staff costs | - | - |
| Income taxes | €10k | €8k |
| Dividends | - | - |
| Total assets | €3.77M | €2.82M |
| Equity | €547k | €511k |
| Debt | €3.22M | €2.31M |
| of which ≤ 1y | €2.71M | €1.70M |
| of which > 1y | €485k | €585k |
| Working capital | €1.02M | €1.10M |
| Employees (FTE) | - | - |
Ratios (computed)
| 2024 | 2023 | |
|---|---|---|
| Current ratio | 1.38 | 1.65 |
| Quick ratio | 0.03 | 0.17 |
| Working capital ratio | 27.2% | 39.0% |
| Solvency | 14.5% | 18.1% |
| Debt / equity | 5.89 | 4.53 |
| Long-term debt ratio | 0.89 | 1.15 |
| Interest coverage | 2.41 | 3.12 |
| Gross margin | - | - |
| Net margin | - | - |
| ROA | 1.0% | 1.1% |
| ROE | 6.6% | 5.9% |
| EBITDA margin | - | - |
| Days sales outstanding | - | - |
| Days payable outstanding | - | - |
| Inventory turnover | - | - |
| Days inventory (DSI) | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 |
|---|---|---|---|
| Balance sheet, Assets | |||
| TOTAL ASSETS | 20/58 | €3.77M | €2.82M |
| Fixed assets | 21/28 | €30k | €21k |
| Tangible fixed assets | 22/27 | €11k | €2k |
| Financial fixed assets | 28 | €19k | €19k |
| Current assets | 29/58 | €3.74M | €2.80M |
| Stocks & contracts in progress | 3 | €3.66M | €2.51M |
| Amounts receivable within one year | 40/41 | €24k | €68k |
| Cash & bank | 54/58 | €30k | €193k |
| Balance sheet, Equity & liabilities | |||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.77M | €2.82M |
| Equity | 10/15 | €547k | €511k |
| Contributions / capital | 10/11 | €69k | €69k |
| Reserves | 13 | €360k | €341k |
| Accumulated profits (losses) | 14 | €118k | €101k |
| Amounts payable | 17/49 | €3.22M | €2.31M |
| Amounts payable after one year | 17 | €485k | €585k |
| Amounts payable within one year | 42/48 | €2.71M | €1.70M |
| Trade debts payable within one year | 44 | €24k | €48k |
| Income statement | |||
| Gross operating margin | 9900 | €95k | €59k |
| Operating result | 9901 | €79k | €55k |
| Financial income | 75 | €168 | €253 |
| Financial charges | 65 | €34k | €18k |
| Result before taxes | 9903 | €46k | €38k |
| Income taxes | 67/77 | €10k | €8k |
| Net result for the period | 9904 | €36k | €30k |
| Result to be appropriated | 9905 | €36k | €30k |
Legal Structure
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 23-05-2000 |
| Status | Active |
| Postal code | 2970 |
Establishment units
Tiger Immo
since 20002.096.875.130
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0151/00E000 | Flanders | 2,572 m² | 1 · 181 m² | 8.8 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
01-08
State Gazette act
Registered-office change
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
State Gazette actNBB filing
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
Address history · 1
01-08-2025
Registered-office move
All acts · 1
updated 1 year ago
2025
01-08-2025 Registered office moved from Zoersel to 's Gravenwezel
- Uilendreef 31, 2980 Zoersel → Groene Wandeling 5, 2970 's Gravenwezel
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Groene Wandeling 5, 2970 \u0027s Gravenwezel",
"city": "\u0027s Gravenwezel",
"region": "vlaams_gewest",
"street": "Groene Wandeling",
"country": "BE",
"postcode": "2970",
"box_number": null,
"street_number": "5",
"locality_suffix": null
},
"old_address": {
"raw": "Uilendreef 31, 2980 Zoersel",
"city": "Zoersel",
"region": "vlaams_gewest",
"street": "Uilendreef",
"country": "BE",
"postcode": "2980",
"box_number": null,
"street_number": "31",
"locality_suffix": null
},
"effective_date": "2025-06-25",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-08-01",
"filing_date": "2025-07-23",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2025-07-07",
"unanimous": null
},
"subject_company": {
"kbo": "0471.950.827",
"name_full": "VR PROJECT",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Van Raemdonck Bob",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"de notulen van de bestuursvergadering dd. 07/07/2025"
]
}Credit advice
Company registry (CBE)
Activities
Development of residential building projects68121Raising of horses and other equines01430Development of non-residential building projects68122Insulation installation43230Other construction installation43240Specialised construction activities43291Specialised construction activities43299Other building finishing work43350
Names & trade names
| Legal nameNL | VR PROJECT |
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