Skip to content

VR PROJECTS

Active
Private limited companyfounded 20179 yrs activeMuylebeekstraat 78, 1570 Pajottegem, BelgiumKBO/BCE: BE 0675.894.515

VR PROJECTS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €-2k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 1894 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
77 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-48
Solvency100▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.63 against 2.53 in 2024; short-term debt: 23.9% and cash: 37.6% of total assets), and 24.2% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← 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 2025
Solvency, return and age of the figures
Solvency
75.8%
Return on assets
-1.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-10-2025, 110 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
110 d early
2024
21 d early
2023
1 d early
2022
1 d early
2021
on the day
2020
2 d early
2019
on the day
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€97k▼ 2.2%
2024 · €100k
2019: €26k 2020: €25k 2021: €46k 2022: €87k 2023: €91k 2024: €100k
2019 → 2025
Total assets
€128k▼ 14.9%
2024 · €151k
2019: €42k 2020: €46k 2021: €66k 2022: €104k 2023: €106k 2024: €151k
2019 → 2025
Net result
€-2k
2024 · €19k
2019: €12k 2020: €-1k 2021: €23k 2022: €41k 2023: €11k 2024: €19k
2019 → 2025
Working capital
€81k▲ 2.7%
2024 · €79k
2019: €23k 2020: €18k 2021: €40k 2022: €82k 2023: €67k 2024: €79k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€46k-€87k▲ 90.3%€91k▲ 3.8%€100k▲ 9.8%€97k▼ 2.2%
Operating result€35k-€59k▲ 68.6%€21k▼ 65.4%€31k▲ 50.4%€3k▼ 91.7%
Net result€23k-€41k▲ 81.7%€11k▼ 73.6%€19k▲ 72.7%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40k€60kOperating result 2021: €35k€35kNet result 2021: €23k€23kOperating result 2022: €59k€59kNet result 2022: €41k€41kOperating result 2023: €21k€21kNet result 2023: €11k€11kOperating result 2024: €31k€31kNet result 2024: €19k€19kOperating result 2025: €3k€3kNet result 2025: €-2k€-2k20212022202320242025
The operating result falls in 2025; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128k
Fixed assets €17k▼ 18.8%
Current assets €112k▼ 14.3%
Equity and liabilities €128k
Equity €97k▼ 2.2%
Debt €31k▼ 39.5%
The debt ratio falls from 34.0% to 24.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6k
2024 · €37k
Cash flow
€2k
2024 · €25k
Solvency
75.8%
2024 · 66.0%
Current ratio
3.63
2024 · 2.53
Quick ratio
3.63
2024 · 2.53
Debt / equity
0.32
2024 · 0.52
ROE
-2.2%
2024 · 19.0%
ROA
-1.7%
2024 · 12.5%
Interest coverage
2.33
2024 · 9.85
Debt
€31k
2024 · €51k
Debt ≤ 1 year
€31k
2024 · €51k
Income taxes
€3k
2024 · €8k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€151k€128k
Fixed assets21/28€21k€17k
Tangible fixed assets22/27€21k€17k
Plant, machinery and equipment23€2k€1k
Furniture and vehicles24€5k€3k
Other tangible fixed assets26€14k€12k
Current assets29/58€130k€112k
Amounts receivable within one year40/41€71k€34k
Trade receivables40€59k€21k
Other amounts receivable41€12k€12k
Current investments50/53€11k€15k
Cash at bank and in hand54/58€30k€48k
Deferred charges and accrued income490/1€18k€14k
Equity and liabilities
Total equity and liabilities10/49€151k€128k
Equity10/15€100k€97k
Contributions10/11€19k€19k=
Reserves13€81k€81k=
Distributable reserves133€81k€81k=
Profit (loss) carried forward14€0€-2k
Amounts payable17/49€51k€31k
Amounts payable within one year42/48€51k€31k
Trade debts44€26k€11k
Suppliers440/4€26k€11k
Taxes, remuneration and social security45€7k€4k
Taxes450/3€7k€4k
Other amounts payable47/48€18k€16k
Accrued charges and deferred income492/3-€336
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k
Other operating charges640/8€1k€1k
Gross operating margin9900€38k€8k
Operating profit (loss)9901€31k€3k
Financial income75/76B€136€831
Recurring financial income75€136€831
Financial charges65/66B€4k€3k
Recurring financial charges65€4k€3k
Profit (loss) for the period before taxes9903€27k€605
Income taxes67/77€8k€3k
Profit (loss) for the period9904€19k€-2k
Profit (loss) for the period to be appropriated9905€19k€-2k
Appropriation of the result
Profit (loss) to be appropriated9906€19k€-2k
Transfer from equity791/2€0-
Transfer to equity691/2€9k€0
To other reserves6921€9k€0
Profit to be distributed694/7€10k€0
Return on contributions (dividend)694€10k€0

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
13-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial Weakest financial yearnet €-2k ▼112%
Net result drops to €-2k, the lowest in the series.
10-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Highest result since 2019net €41k ▲81.7%
Operating result €59k, net result €41k, both a record.
31-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial Back to profitnet €23k
Net result €23k after one loss-making year.
29-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
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, Pajottegem · 1 establishment unit since 2017
establishment The establishment unit on the map
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.

Muylebeekstraat 781570 Pajottegem
Ground area
1,118 m²
Building footprint
94 m²
Volume, LiDAR
677 m³
Parcel 23087D0007/00K000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VR PROJECTS
Muylebeekstraat 78, 1570 PajottegemAgents in non-specialised wholesale trade
since 20172.264.691.167
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23087D0007/00K000 Flanders 1,118 m² 1 · 94 m² 10.4 m · 2 fl.
Linked by address, not proof of ownership
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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 1,199 EUR awarded · 1,199 EUR paid
Year Entries awardedpaid
2022 1 1,199 EUR1,199 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
1 entry · 1,199 EUR · 1,199 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 3,151 companies in sector 63920 we hold annual accounts for 1,522. 1,257 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded22-05-2017
Fiscal year end30-06
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
47120Other non-specialised retail sale
47910Retail trade
62010Computer programming, consultancy and related activities
62100Computer programming
71111Activities of building architects
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.

Contact details

2 entries
E-mail:annvankrunkelsven@yahoo.com
Establishment Pajottegem 2.264.691.167
Phone:0476/51.37.18
Establishment Pajottegem 2.264.691.167