VRC IMMO
ActiveSummary
VRC IMMO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-27k) and a net result of €-18k. Equity is shrinking by ~164.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-8
Solvency22▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.68 against 2.73 in 2024; short-term debt: 24.4% and cash: 20.4% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-3%
Return on assets
-2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-27k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-27k▼ 202%
2024 · €-9k
Total assets
€878k▼ 3.4%
2024 · €909k
Net result
€-18k▼ 59.9%
2024 · €-11k
Working capital
€360k▼ 2.4%
2024 · €369k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€9k-€-4k€-2k▲ 49.9%
Net result€-678-€-11k▼ 1,547%€-18k▼ 59.9%
Equity€2k-€-9k€-27k▼ 202%
Total assets€733k-€909k▲ 24.1%€878k▼ 3.4%
Debt€731k-€918k▲ 25.7%€905k▼ 1.5%
Working capital€371k-€369k▼ 0.5%€360k▼ 2.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €878k
Fixed assets
€304k ▼ 6.9%
Current assets
€574k ▼ 1.5%
Key figures and ratios
EBITDA
€20k▲
2024 · €18k
Cash flow
€5k▼
2024 · €11k
Solvency
-3.0%▼
2024 · -1.0%
Current ratio
2.68▼
2024 · 2.73
Quick ratio
0.84▼
2024 · 0.89
Debt to equity
-33.88
ROA
-2.0%▼
2024 · -1.2%
Interest coverage
1.21▼
2024 · 2.00
Debt ≤ 1 year
€214k=
2024 · €214k
Debt > 1 year
€691k▼
2024 · €704k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €22k | €22k | = |
| Other operating charges640/8 | €10k | €2k | €4k | ▲ 82.2% |
| Gross operating margin9900 | €44k | €20k | €24k | ▲ 19.5% |
| Operating profit (loss)9901 | €9k | €-4k | €-2k | ▲ 49.9% |
| Financial income75/76B | - | €2k | €969 | ▼ 55.7% |
| Recurring financial income75 | - | €2k | €969 | ▼ 55.7% |
| Financial charges65/66B | €10k | €9k | €17k | ▲ 83.6% |
| Recurring financial charges65 | €10k | €9k | €17k | ▲ 83.6% |
| Profit (loss) for the period before taxes9903 | €-678 | €-11k | €-18k | ▼ 59.9% |
| Profit (loss) for the period9904 | €-678 | €-11k | €-18k | ▼ 59.9% |
| Profit (loss) for the period to be appropriated9905 | €-678 | €-11k | €-18k | ▼ 59.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €733k | €909k | €878k | ▼ 3.4% |
| Fixed assets21/28 | €349k | €326k | €304k | ▼ 6.9% |
| Tangible fixed assets22/27 | €349k | €326k | €304k | ▼ 6.9% |
| Land and buildings22 | €349k | €326k | €304k | ▼ 6.9% |
| Current assets29/58 | €384k | €583k | €574k | ▼ 1.5% |
| Stocks and contracts in progress3 | - | €394k | €394k | = |
| Stocks30/36 | - | €394k | €394k | = |
| Amounts receivable within one year40/41 | €20 | - | €197 | - |
| Other amounts receivable41 | €20 | - | €197 | - |
| Cash at bank and in hand54/58 | €383k | €188k | €179k | ▼ 4.9% |
| Deferred charges and accrued income490/1 | €806 | €1k | €1k | ▲ 11.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €733k | €909k | €878k | ▼ 3.4% |
| Equity10/15 | €2k | €-9k | €-27k | ▼ 202% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-678 | €-12k | €-30k | ▼ 151% |
| Amounts payable17/49 | €731k | €918k | €905k | ▼ 1.5% |
| Amounts payable after more than one year17 | €717k | €704k | €691k | ▼ 1.9% |
| Financial debts170/4 | €717k | €704k | €691k | ▼ 1.9% |
| Amounts payable within one year42/48 | €13k | €214k | €214k | = |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €14k | ▲ 3.8% |
| Financial debts43 | - | €200k | €200k | = |
| Credit institutions430/8 | - | €200k | €200k | = |
| Trade debts44 | €686 | €836 | €223 | ▼ 73.3% |
| Suppliers440/4 | €686 | €836 | €223 | ▼ 73.3% |
| Other amounts payable47/48 | - | €35 | €250 | ▲ 620% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-678 | €-11k | €-18k | ▼ 59.9% |
| + Depreciation and write-downs630 | €25k | €22k | €22k | = |
| Operating cash flow (approximation) | €24k | €11k | €5k | ▼ 59.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €-195k | €-9k | ▲ 95.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Sprimont · 1 establishment unit since 2022
Ground area
2,886 m²
Building footprint
74 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
VRC IMMO
since 20222.331.912.068
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62091M0894/00A000 | Wallonia | 2,000 m² | - | - |
| 62091M0539/00G000 | Wallonia | 886 m² | 1 · 74 m² | - |
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.
Similar companies · same sector, comparable size
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NEXT DAY CAPITAL THIRTEEN
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NEXT DAY CAPITAL FIFTEEN
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 1,412 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.