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VR Techniek

Active
Private limited companyfounded 201412 yrs activeEekhoutstraat 17, 8755 Wingene, BelgiumKBO/BCE: BE 0558.972.297

VR Techniek has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.00M and a net result of €120k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 482 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
65 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+2
Solvency60▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.42 in 2023; short-term debt: 10.2% and cash: 3% of total assets), but 64.5% 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 riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 12 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
35.5%
Return on assets
4.2%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
5 d early
2022
31 d early
2021
3 d early
2020
2 d early
2019
32 d early
← before the deadline after the 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 2024, abbreviated schema

Equity
€1.00M▲ 13.6%
2023 · €884k
2018: €391k 2019: €515k 2020: €712k 2021: €845k 2022: €808k 2023: €884k
2018 → 2024
Total assets
€2.83M▼ 1.4%
2023 · €2.87M
2018: €572k 2019: €779k 2020: €1.29M 2021: €1.41M 2022: €1.55M 2023: €2.87M
2018 → 2024
Net result
€120k▲ 57.6%
2023 · €76k
2018: €138k 2019: €124k 2020: €215k 2021: €183k 2022: €182k 2023: €76k
2018 → 2024
Working capital
€208k▲ 63.6%
2023 · €127k
2018: €158k 2019: €301k 2020: €360k 2021: €366k 2022: €215k 2023: €127k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€712k-€845k▲ 18.7%€808k▼ 4.5%€884k▲ 9.4%€1.00M▲ 13.6%
Operating result€254k-€237k▼ 6.5%€237k=€102k▼ 57.1%€219k▲ 115%
Net result€215k-€183k▼ 14.7%€182k▼ 0.6%€76k▼ 58.3%€120k▲ 57.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100k€200k€300kOperating result 2020: €254k€254kNet result 2020: €215k€215kOperating result 2021: €237k€237kNet result 2021: €183k€183kOperating result 2022: €237k€237kNet result 2022: €182k€182kOperating result 2023: €102k€102kNet result 2023: €76k€76kOperating result 2024: €219k€219kNet result 2024: €120k€120k20202021202220232024
The operating result recovers in 2024; 2024 is 115% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.83M
Fixed assets €2.33M▼ 4.4%
Current assets €496k▲ 15.2%
Equity and liabilities €2.83M
Equity €1.00M▲ 13.6%
Debt €1.82M▼ 8.1%
The debt ratio falls from 69.2% to 64.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€410k
2023 · €203k
Cash flow
€311k
2023 · €177k
Solvency
35.5%
2023 · 30.8%
Current ratio
1.72
2023 · 1.42
Quick ratio
1.66
2023 · 1.35
Debt / equity
1.82
2023 · 2.25
ROE
11.9%
2023 · 8.6%
ROA
4.2%
2023 · 2.7%
Interest coverage
6.42
2023 · 51.27
Debt
€1.82M
2023 · €1.98M
Debt ≤ 1 year
€288k
2023 · €304k
Debt > 1 year
€1.54M
2023 · €1.68M
Income taxes
€35k
2023 · €22k
Staff costs
€503k
2023 · €395k
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€2.87M€2.83M
Fixed assets21/28€2.44M€2.33M
Intangible fixed assets21€2k€709
Tangible fixed assets22/27€2.43M€2.33M
Land and buildings22€2.20M€2.13M
Plant, machinery and equipment23€116k€96k
Furniture and vehicles24€113k€100k
Financial fixed assets28€3k€900
Current assets29/58€431k€496k
Stocks and contracts in progress3€20k€18k
Stocks30/36€20k€18k
Amounts receivable within one year40/41€291k€372k
Trade receivables40€209k€342k
Other amounts receivable41€82k€30k
Cash at bank and in hand54/58€120k€86k
Deferred charges and accrued income490/1€0€20k
Equity and liabilities
Total equity and liabilities10/49€2.87M€2.83M
Equity10/15€884k€1.00M
Contributions10/11€19k€19k=
Reserves13€865k€985k
Non-distributable reserves130/1€2k€0
Reserves not available under the articles1311€2k€0
Tax-exempt reserves132€19k€19k=
Distributable reserves133€844k€966k
Profit (loss) carried forward14€0-
Amounts payable17/49€1.98M€1.82M
Amounts payable after more than one year17€1.68M€1.54M
Financial debts170/4€1.68M€1.54M
Amounts payable within one year42/48€304k€288k
Current portion of amounts payable after more than one year42€153k€140k
Trade debts44€78k€65k
Suppliers440/4€78k€65k
Taxes, remuneration and social security45€66k€78k
Taxes450/3€2k€15k
Remuneration and social security454/9€64k€64k
Other amounts payable47/48€7k€5k
Accrued charges and deferred income492/3€5k€0
Income statement Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€395k€503k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€192k
Other operating charges640/8€4k€8k
Non-recurring operating charges66A€189k€0
Gross operating margin9900€790k€921k
Operating profit (loss)9901€102k€219k
Financial income75/76B€185€214
Recurring financial income75€185€214
Financial charges65/66B€4k€64k
Recurring financial charges65€4k€64k
Profit (loss) for the period before taxes9903€98k€155k
Income taxes67/77€22k€35k
Profit (loss) for the period9904€76k€120k
Profit (loss) for the period to be appropriated9905€76k€120k
Appropriation of the result
Profit (loss) to be appropriated9906€76k€120k
Transfer from equity791/2€0-
Transfer to equity691/2€76k€120k
To other reserves6921€76k€120k
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90876.38.2

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial Equity above €1MEq €1.00M ▲13.6%
7 profitable years in a row build equity to €1.00M.
26-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet €76k ▼58.3%
Net result drops to €76k, the lowest in the series; recovery starts the following year.
30-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Highest result since 2018net €215k ▲73.2%
Operating result €254k, net result €215k, both a record.
29-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Equity above €500kEq €515k ▲31.8%
2 profitable years in a row build equity to €515k.
15-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
22-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Wingene · 2 establishment units since 2014
establishment All 2 establishment units 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.

Eekhoutstraat 178755 Wingene
Ground area
1,789 m²
Building footprint
791 m²
2 parcels, Flanders. Linked by address, not a title deed.
2 establishment units
Oudleikestraat 4, 8755 Wingene
Repair and maintenance of fabricated metal products
since 20142.233.353.536
Eekhoutstraat 17, 8755 Wingene
Repair and maintenance of fabricated metal products
since 20232.346.664.778
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37012D0192/00D000 Flanders 1,612 m² 1 · 791 m² -
37012C0456/00E000 Flanders 177 m² - -
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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 11,528 EUR awarded · 11,611 EUR paid
Year Entries awardedpaid
2025 1 3,167 EUR3,167 EUR
2024 1 1,535 EUR1,524 EUR
2023 1 1,868 EUR4,050 EUR
2022 1 4,958 EUR2,870 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
4 entries · 11,528 EUR · 11,611 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

12 live approvals
Elektromecanicien (vwo)
Goedgekeurd · 2026 to 2031
Elektromecanicien duaal (so)
Goedgekeurd · 2026 to 2031
Elektromechanische technieken duaal (so)
Goedgekeurd · 2026 to 2031
Elektrotechnicus (vwo)
Goedgekeurd · 2025 to 2030
Elektrotechnicus duaal (so)
Goedgekeurd · 2025 to 2030
Lasser-monteerder (vwo)
Goedgekeurd · 2025 to 2030
Show 6 more
Lasser-monteerder duaal (so)
Goedgekeurd · 2025 to 2030
Logistiek duaal (so)
Goedgekeurd · 2026 to 2031
Magazijnmedewerker (vwo)
Goedgekeurd · 2026 to 2031
Magazijnmedewerker duaal (so)
Goedgekeurd · 2026 to 2031
Onderhoudsmonteur (vwo)
Goedgekeurd · 2026 to 2031
Preventief onderhoud machines en installaties duaal (so)
Goedgekeurd · 2026 to 2031

Similar companies · same sector, comparable size

Of 1,225 companies in sector 33200 we hold annual accounts for 676. 358 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded12-08-2014
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.