VR TECHNICS
ActiveSummary
The computed 12-month bankruptcy probability of VR TECHNICS is 2.6% (moderate). The 2025 annual accounts show negative equity (-€37,813) and a net result of -€210. Equity has been shrinking by about 18% per year since 2022. Its solvency ranks better than 5% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-06-2022 Normal situation
- Activity
- Joinery installation NACE 43320and 10 others
- Establishment units
- 2.333.156.242 9250 Waasmunster, since 28-06-2022
- 2.372.805.981 9250 Waasmunster, since 10-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.6%
- Gross margin
- €14,412
- Turnover
- ≈ €150,000
- estimated
- Loss
- €210
- ▼ 96.8%
- Equity
- -€37,813
- ▼ 0.6%
- Total assets
- €136,919
- ▲ 11×
- Negative equity on 31-12-2025
Score breakdownraises riskFounded in 2022Negative equity -€37,813Sector: Specialised construction activities (NACE 43)2 establishment unitsShow the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 5% on liquidity, 23% on profitability and 33% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 33 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is a profit of €2,766, after a loss of €3,886 in 2024. It is the highest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €609 | €1,252 | - | €74,657 |
| Financial fixed assets | €2,000 | - | - | €3,800 |
| Depreciation and write-downs of the year | €64 | €312 | €620 | €8,312 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as VR TECHNICS: joinery installation (NACE 43320). They are comparable in size and age: total assets between €111,000 and €144,000, founded in 2022.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| VR TECHNICS Waasmunster | 2022 | €136,919 | -€37,813 | €14,412 | -€210 | 2025 |
| Heeze Technics Lochristi | 2022 | €137,886 | €107,692 | €15,601 | €6,133 | 2025 |
| De Mey Schrijnwerkerij Lokeren | 2022 | €139,347 | €22,563 | €17,385 | €2,318 | 2025 |
| Schrijnwerken VDK Lochristi | 2022 | €110,979 | €103,275 | €13,910 | €2,202 | 2025 |
| Renovista Geel | 2022 | €126,052 | €28,268 | €16,535 | €8,138 | 2025 |
| JVT AFWERKINGSBEDRIJF Oudsbergen | 2022 | €143,512 | €36,529 | €16,030 | €583 | 2025 |
| GIANNI MOEYAERT Beernem | 2022 | €125,747 | €72,960 | €11,846 | -€2,775 | 2025 |
They were chosen from the 9,053 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,555 companies had the same profile as VR TECHNICS has now. Two years later, 4.6% had gone bankrupt and 91.6% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VR TECHNICS itself: 2.6% 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 1,555 companies, not a prediction for VR TECHNICS. 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64 | €312 | €620 | €8,312 | ▲ 13× |
| Other operating charges640/8 | €489 | €1,179 | €847 | €3,334 | ▲ 294% |
| Gross operating margin9900 | -€18,469 | -€2,025 | -€2,419 | €14,412 | - |
| Operating profit (loss)9901 | -€19,021 | -€3,516 | -€3,886 | €2,766 | - |
| Financial income75/76B | - | €121 | €0 | €365 | ▲ 986× |
| Recurring financial income75 | - | €121 | €0 | €365 | ▲ 986× |
| Financial charges65/66B | €3,127 | €6,296 | €2,500 | €3,193 | ▲ 27.7% |
| Recurring financial charges65 | €3,127 | €6,296 | €2,500 | €3,193 | ▲ 27.7% |
| Profit (loss) for the period before taxes9903 | -€22,149 | -€9,691 | -€6,386 | -€62 | ▲ 99.0% |
| Income taxes67/77 | €70 | €159 | €147 | €148 | ▲ 0.7% |
| Profit (loss) for the period9904 | -€22,219 | -€9,850 | -€6,534 | -€210 | ▲ 96.8% |
| Profit (loss) for the period to be appropriated9905 | -€22,219 | -€9,850 | -€6,534 | -€210 | ▲ 96.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €15,343 | €15,543 | €12,431 | €136,919 | ▲ 11× |
| Fixed assets21/28 | €2,545 | €3,485 | €865 | €71,009 | ▲ 82× |
| Tangible fixed assets22/27 | €545 | €1,485 | €865 | €67,209 | ▲ 78× |
| Plant, machinery and equipment23 | €545 | €1,485 | €865 | €23,291 | ▲ 27× |
| Furniture and vehicles24 | - | - | - | €16,160 | - |
| Other tangible fixed assets26 | - | - | - | €27,758 | - |
| Financial fixed assets28 | €2,000 | €2,000 | - | €3,800 | - |
| Current assets29/58 | €12,798 | €12,058 | €11,567 | €65,910 | ▲ 470% |
| Stocks and contracts in progress3 | - | - | - | €33,082 | - |
| Stocks30/36 | - | - | - | €33,082 | - |
| Amounts receivable within one year40/41 | €1,778 | €84 | €6,353 | €22,265 | ▲ 250% |
| Trade receivables40 | €1,778 | €84 | €6,353 | €22,265 | ▲ 250% |
| Cash at bank and in hand54/58 | €11,020 | €11,792 | €5,078 | €7,411 | ▲ 45.9% |
| Deferred charges and accrued income490/1 | - | €182 | €136 | €3,152 | ▲ 23× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €15,343 | €15,543 | €12,431 | €136,919 | ▲ 11× |
| Equity10/15 | -€21,219 | -€31,069 | -€37,603 | -€37,813 | ▼ 0.6% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€22,219 | -€32,069 | -€38,603 | -€38,813 | ▼ 0.5% |
| Amounts payable17/49 | €36,562 | €46,612 | €50,034 | €174,731 | ▲ 249% |
| Amounts payable after more than one year17 | - | - | - | €22,197 | - |
| Financial debts170/4 | - | - | - | €22,197 | - |
| Amounts payable within one year42/48 | €36,554 | €46,612 | €50,034 | €150,474 | ▲ 201% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,678 | - |
| Trade debts44 | €2,429 | €7,685 | €2,241 | €6,540 | ▲ 192% |
| Suppliers440/4 | €2,429 | €7,685 | €2,241 | €6,540 | ▲ 192% |
| Taxes, remuneration and social security45 | €375 | €408 | €1,461 | €12,053 | ▲ 725% |
| Taxes450/3 | €375 | €408 | €1,461 | €12,053 | ▲ 725% |
| Other amounts payable47/48 | €33,750 | €38,519 | €46,332 | €118,203 | ▲ 155% |
| Accrued charges and deferred income492/3 | €7 | - | - | €2,061 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,219 | -€9,850 | -€6,534 | -€210 | ▲ 96.8% |
| + Depreciation and write-downs630 | €64 | €312 | €620 | €8,312 | ▲ 13× |
| Operating cash flow (approximation) | -€22,155 | -€9,538 | -€5,913 | €8,102 | - |
| Investment in fixed assets (approximation) | - | -€1,252 | €2,000 | -€78,457 | - |
| Change in cash | - | €772 | -€6,714 | €2,333 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- VAN ROEYEN Patrick Albert-Hortensia founder
- TULKENS Ilse Martha Leon founder
Capital transactions
- 30-06-2022 Incorporation · €1,000
Network & group
VR TECHNICS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VR TECHNICS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-03
Gazette deed
Company renamed from VR TECHNICS to VR TECHNICS met bijkomende handelsbenaming Luna NuovaRegistered office clause · Power of attorney7 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Name change, VR TECHNICS met bijkomende handelsbenaming Luna Nuova
- Other provision, “schriftelijke algemene vergadering, mogelijkheid voorzien” (deed in Dutch)
- Other provision, “deelname aan algemene vergadering op afstand langs elektronische weg, mogelijkheid voorzien” (deed in Dutch)
- Registered office clause, “behouden, 9250 Waasmunster,Heidestraat 22” (deed in Dutch)
- Other provision, “bijkomende handelsvestiging, 9250 Waasmunster,Belselestraat 9A” (deed in Dutch)
- Power of attorney, Angélique Tack
13-06
Gazette deed
Registered office moved from Sint-Niklaas to Waasmunster2 points ▸
- Board meeting, 27-05-2024
- Registered-office move, Heidestraat 22,9250 Waasmunster
30-06
Gazette deed
IncorporationStarting capital €1,000 · Appointment: TULKENS Ilse Martha Leon (director) · Founder7 points ▸
- Incorporation, 28-06-2022
- Founder, VAN ROEYEN Patrick Albert-Hortensia
- Founder, TULKENS Ilse Martha Leon
- Founding capital, €1,000
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, TULKENS Ilse Martha Leon (director (not named in the articles))
- Other provision, “website en e-mailadres, nog niet beschikbaar” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
VR TECHNICS was incorporated on 28 June 2022 as a private limited company by two natural persons, with a starting capital of €1,000.12 The registered office was moved to Waasmunster in 2024.3 The name was changed to VR TECHNICS met bijkomende handelsbenaming Luna Nuova in 2025.4 Since 2022, TULKENS Ilse Martha Leon has served as director.5 Total assets rose from €15,343 in 2022 to €136,919 in 2025.6
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- Het verlenen van dienstprestaties van administratieve,technische,financiële en bedrijfseconomische aard in de meest uitgebreide betekenis,zowel in eigen beheer als in deelname met derden.
- Het verstrekken van advies(consultancy)van financiële,technische,commerciële of administratieve aard in de ruimste zin,met uitzondering van adviezen inzake beleggingen en geldplaatsingen.
- Het verlenen van administratieve en ondersteunende diensten ten behoeve van dochtervennootschappen;zoals onder meer,doch niet beperkt tot:personeelsbeheer en-administratie,ICT,marketing.
- Het ontwikkelen,kopen,verkopen,in licentie nemen en geven van octrooien,knowhow en aanverwante immateriële duurzame activa.
- De aan-en verkoop,in-en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen.
- Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe vormen van technologie en hun toepassingen.
- Detailhandel van kleding,accessoires,lingerie,schoeisel,alle mogelijke decoratie,parfums,in de ruimste zin van detailhandel.
- Koffie en wijnbar
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0787.772.038
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42023B0283/00M000 | Flanders | 2,213 m² | 1 · 216 m² | 6.7 m · 2 |
| 42342C1474/00E002 | Flanders | 2,037 m² | 1 · 398 m² | 11.1 m · 2 |