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VR TECHNICS

Active
Private limited companyfounded 20224 yrs activeHeidestraat 22, 9250 Waasmunster, BelgiumKBO/BCE: BE 0787.772.038
Summary

The computed 12-month bankruptcy probability of VR TECHNICS is 7.9% (elevated). The 2024 annual accounts show negative equity (-€37,603) and a net result of -€6,534. Equity is shrinking by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 36386 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
7.9% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.26 in 2023; short-term debt: 402.5% and cash: 40.8% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024
Solvency, return and age of the figures
Solvency
-302.5%
Return on assets
-52.6%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
222324
2022 to 2024 · latest year -€37,603
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
36 d early
2022
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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

History

VR TECHNICS was incorporated on 28 June 2022 as a Private limited company.1 Total assets fell from EUR 15,343 in 2022 to EUR 12,431 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€37,603▼ 21.0%
2023 · -€31,069
Total assets
€12,431▼ 20.0%
2023 · €15,543
Net result
-€6,534▲ 33.7%
2023 · -€9,850
Working capital
-€38,467▼ 11.3%
2023 · -€34,554
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€19,021--€3,516▲ 81.5%-€3,886▼ 10.5%
Net result-€22,219below the sector's middle half--€9,850below the sector's middle half▲ 55.7%-€6,534below the sector's middle half▲ 33.7%
Equity-€21,219below the sector's middle half--€31,069below the sector's middle half▼ 46.4%-€37,603below the sector's middle half▼ 21.0%
Total assets€15,343below the sector's middle half-€15,543below the sector's middle half▲ 1.3%€12,431below the sector's middle half▼ 20.0%
Debt€36,562-€46,612▲ 27.5%€50,034▲ 7.3%
Working capital-€23,757below the sector's middle half--€34,554below the sector's middle half▼ 45.4%-€38,467below the sector's middle half▼ 11.3%
Solvency-138.3%below the sector's middle half--199.9%below the sector's middle half▼ 61.6pp-302.5%below the sector's middle half▼ 102.6pp
Current ratio0.35below the sector's middle half-0.26below the sector's middle half▼ 0.090.23below the sector's middle half▼ 0.03
Return on assets (ROA)-144.8%below the sector's middle half--63.4%below the sector's middle half▲ 81.4pp-52.6%below the sector's middle half▲ 10.8pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2022: -€19,021-€19,021Net result 2022: -€22,219-€22,219Operating result 2023: -€3,516-€3,516Net result 2023: -€9,850-€9,850Operating result 2024: -€3,886-€3,886Net result 2024: -€6,534-€6,534202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€19,021-€19,000Net result 2022: -€22,219-€22,200Operating result 2023: -€3,516-€3,520Net result 2023: -€9,850-€9,850Operating result 2024: -€3,886-€3,890Net result 2024: -€6,534-€6,530202220232024
The operating result stays negative: a loss of €3,886 in 2024 against €3,516 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12,431
Fixed assets €865 ▼ 75.2%
Current assets €11,567 ▼ 4.1%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€3,266▼
2023 · -€3,203
Cash flow
-€5,913▲
2023 · -€9,538
Debt to equity
-1.33▲
2023 · -1.50
Interest coverage
-1.31▼
2023 · -0.51
Debt ≤ 1 year
€50,034▲
2023 · €46,612
Income taxes
€147▼
2023 · €159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 7.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,657 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€15,543€12,431▼
Fixed assets21/28€3,485€865▼
Tangible fixed assets22/27€1,485€865▼
Plant, machinery and equipment23€1,485€865▼
Financial fixed assets28€2,000-
Current assets29/58€12,058€11,567▼
Amounts receivable within one year40/41€84€6,353▲
Trade receivables40€84€6,353▲
Cash at bank and in hand54/58€11,792€5,078▼
Deferred charges and accrued income490/1€182€136▼
Equity and liabilities
Total equity and liabilities10/49€15,543€12,431▼
Equity10/15-€31,069-€37,603▼
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14-€32,069-€38,603▼
Amounts payable17/49€46,612€50,034▲
Amounts payable within one year42/48€46,612€50,034▲
Trade debts44€7,685€2,241▼
Suppliers440/4€7,685€2,241▼
Taxes, remuneration and social security45€408€1,461▲
Taxes450/3€408€1,461▲
Other amounts payable47/48€38,519€46,332▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€312€620▲
Other operating charges640/8€1,179€847▼
Gross operating margin9900-€2,025-€2,419▼
Operating profit (loss)9901-€3,516-€3,886▼
Financial income75/76B€121€0▼
Recurring financial income75€121€0▼
Financial charges65/66B€6,296€2,500▼
Recurring financial charges65€6,296€2,500▼
Profit (loss) for the period before taxes9903-€9,691-€6,386▲
Income taxes67/77€159€147▼
Profit (loss) for the period9904-€9,850-€6,534▲
Profit (loss) for the period to be appropriated9905-€9,850-€6,534▲
Appropriation of the result
Profit (loss) to be appropriated9906-€32,069-€38,603▼
Profit (loss) brought forward from the previous period14P-€22,219-€32,069▼

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

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64€312€620▲ 98.6%
Other operating charges640/8€489€1,179€847▼ 28.1%
Gross operating margin9900-€18,469-€2,025-€2,419▼ 19.5%
Operating profit (loss)9901-€19,021-€3,516-€3,886▼ 10.5%
Financial income75/76B-€121€0▼ 99.7%
Recurring financial income75-€121€0▼ 99.7%
Financial charges65/66B€3,127€6,296€2,500▼ 60.3%
Recurring financial charges65€3,127€6,296€2,500▼ 60.3%
Profit (loss) for the period before taxes9903-€22,149-€9,691-€6,386▲ 34.1%
Income taxes67/77€70€159€147▼ 7.1%
Profit (loss) for the period9904-€22,219-€9,850-€6,534▲ 33.7%
Profit (loss) for the period to be appropriated9905-€22,219-€9,850-€6,534▲ 33.7%
Line202220232024Change
Assets
Total assets20/58€15,343€15,543€12,431▼ 20.0%
Fixed assets21/28€2,545€3,485€865▼ 75.2%
Tangible fixed assets22/27€545€1,485€865▼ 41.8%
Plant, machinery and equipment23€545€1,485€865▼ 41.8%
Financial fixed assets28€2,000€2,000--
Current assets29/58€12,798€12,058€11,567▼ 4.1%
Amounts receivable within one year40/41€1,778€84€6,353▲ 7,463%
Trade receivables40€1,778€84€6,353▲ 7,463%
Cash at bank and in hand54/58€11,020€11,792€5,078▼ 56.9%
Deferred charges and accrued income490/1-€182€136▼ 25.1%
Equity and liabilities
Total equity and liabilities10/49€15,343€15,543€12,431▼ 20.0%
Equity10/15-€21,219-€31,069-€37,603▼ 21.0%
Contributions10/11€1,000€1,000€1,000=
Profit (loss) carried forward14-€22,219-€32,069-€38,603▼ 20.4%
Amounts payable17/49€36,562€46,612€50,034▲ 7.3%
Amounts payable within one year42/48€36,554€46,612€50,034▲ 7.3%
Trade debts44€2,429€7,685€2,241▼ 70.8%
Suppliers440/4€2,429€7,685€2,241▼ 70.8%
Taxes, remuneration and social security45€375€408€1,461▲ 258%
Taxes450/3€375€408€1,461▲ 258%
Other amounts payable47/48€33,750€38,519€46,332▲ 20.3%
Accrued charges and deferred income492/3€7---
Line202220232024Change
Profit (loss) for the period9904-€22,219-€9,850-€6,534▲ 33.7%
+ Depreciation and write-downs630€64€312€620▲ 98.6%
Operating cash flow (approximation)-€22,155-€9,538-€5,913▲ 38.0%
Investment in fixed assets (approximation)--€1,252€2,000▲ 260%
Change in cash-€772-€6,714▼ 969%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Waasmunster · 2 establishment units since 2022
seat establishment All 2 establishment units on the map
Ground area
4,251 m²
Building footprint
615 m²
Volume, LiDAR
3,352 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VR TECHNICS
Heidestraat 22, 9250 WaasmunsterActivities of head offices; management consultancy activities
since 20222.333.156.242
Luna Nuova
Belselestraat 9, 9250 WaasmunsterRetail sale of other household articles
since 20252.372.805.981
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42023B0283/00M000 Flanders 2,213 m² 1 · 216 m² 6.7 m · 2 fl.
42342C1474/00E002 Flanders 2,037 m² 1 · 398 m² 11.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Waasmunster2.372.805.981
2 permissions
Detailhandel LM>3 maand · since 19-01-2026
Toelating · Eetgelegenheid · since 01-07-2025

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded28-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
47251Retail sale of wines and spirits
47711Retail sale of women's outerwear
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
56301Cafés and bars
73300Public relations and communication consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0787772038
Also 9925:BE0787772038
Registered 30-10-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.