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VR Works
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of VR Works is 1.9% (moderate). The 2025 annual accounts show equity of €31,346 and a net result of €26,346. Its solvency ranks better than 33% of 2,323 sector peers (NACE 25, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 11-03-2025 Normal situation
- Legal form
- Private limited company
- Registered office
- Moeskroenstraat 425, 8930 Menen
- Activity
- Manufacture of metal structures and parts of structures NACE 25110and 3 others
- Establishment unit
- 2.371.162.723 8930 Menen, since 11-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 11-03-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.9%
Annual accounts 2025
- Gross margin
- €42,294
- Turnover
- ≈ €170,000
- estimated
- Profit
- €26,346
- Equity
- €31,346
- Total assets
- €109,979
2025 accounts 2 days early
Filed on 29-07-2026at the National Bank
Why 54raises riskFounded in 2025Size: total assets €109,979Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskFigures for financial year 2025 (filed 29-07-2026)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 49% of its sector peers (NACE 25, micro)
Financial strength
Strong
Solvency
54
equity 28.5% of total assets
Liquidity
39
short-term debt 49.7% · cash 10.8%
Profitability
99
return on assets 24.0%
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 1.8%
05-2026: 1.9%▲ +0.1 percentage points vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 2.4%▲ +0.5 percentage points vs 06-2026highest value
08-2026: 1.7%▼ -0.7 percentage points vs 07-2026lowest value
09-2026: 1.7%● unchanged vs 08-2026
10-2026: 1.9%▲ +0.2 percentage points vs 09-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.4, below 1; short-term debt: 49.7% and cash: 10.8% of total assets), and 71.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 25, micro): better than 31% on solvency, 27% on liquidity and 88% on profitability.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
2 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 29-07-2026
Acts in the Belgian Official Gazette
- Incorporationact of 13-03-2025
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 1020.897.779
Key facts about VR Works
- What is the company number of VR Works?
- 1020.897.779. In Belgium the VAT number is the company number with BE in front: BE 1020.897.779.
- Where is VR Works based?
- The registered office is at Moeskroenstraat 425, 8930 Menen.Company details
- What does VR Works do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of VR Works?
- Private limited company (BV).
- When was VR Works founded?
- On 11-03-2025.
- Is VR Works still active?
- Yes, VR Works is an active enterprise in the KBO register.
- What is the turnover of VR Works?
- ≈ €170,000 in financial year 2025. Estimated from the gross margin of €42,294: probably between €100,000 and €310,000, based on 2,949 comparable companies of the same size. A rough estimate.Financials
- Is VR Works profitable?
- In financial year 2025, VR Works made a profit of €26,346.
- Where can I find the annual accounts of VR Works?
- VR Works filed 1 annual account with the National Bank of Belgium, for financial year 2025.Annual accounts at the National Bank
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