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VRG PROJECTS

Active
Private limited companyfounded 2010active for 16 yearsHeirbrugstraat 372, 9160 Lokeren, BelgiumKBO/BCE: BE 0828.319.523
Summary

VRG PROJECTS has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €611,015 and a net result of €861. Equity has been growing by about 14% per year since 2019. Its solvency ranks better than 34% of 39,242 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 06-08-2010 Normal situation
Activity
Activities of head offices NACE 70100and 5 others
Establishment unit
2.190.824.776 9160 Lokeren, since 02-08-2010
Financial year end
31 December
Peppol
Reachable since 16-12-2025

Board and ownership

Board
  • Verhavert GuyDirector · since 27-04-2021

Financial position

89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€86,140
▲ 0.7%
Turnover
≈ €180,000
estimated
Profit
€861
▼ 66.8%
Equity
€611,015
▲ 8.1%
Total assets
€1.7m
▲ 1.3%
Filed on 11-05-2026, 81 days before the deadline
Score breakdownraises riskLiquidity: current ratio 1.97, cash €5,097lowers riskSize: total assets €1.7mFigures for financial year 2025 (filed on 12-05-2026)Founded in 2010Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 35% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Average
Solvency 60+2
equity 35.3% of total assets
Liquidity 48+2
short-term debt 13.5% · cash 0.3%
Profitability 49-3
return on assets 0.0%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,528 companies, NACE 70, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025highest value 04-2025: 0.2%● unchanged vs 03-2025highest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.1%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.97 (1.48 in 2024), above the usual 1.5. Short-term debt is 13.5% and cash 0.3% of total assets. However, 64.7% of the assets are financed with debt and provisions.
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 70, micro). It does better than 34% of them on solvency, 28% on liquidity, 23% on profitability and 55% 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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.97, cash €5,097
NBB · annual accounts
lowers risk · Size: total assets €1.7m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 12-05-2026)
NBB · annual accounts
lowers risk · Founded in 2010
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
81 days early
2024
94 days early
2023
84 days early
2022
130 days early
2021
656 days late
2020
1 day early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 May (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 90% of companies in head offices and management consultancysector median €78,218 · 39,274 companies €611,015 View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed Demerger: NV ABELARD splits off to VRG PROJECTS
  2. · Gazette deed Incorporation
All 18 events

Comparable companies

These companies have the same main activity as VRG PROJECTS: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €1.3m and €2.2m, founded between 2008 and 2011.

CompanyTotal assetsGross margin
VRG PROJECTS Lokeren€1.7m€0.09m
METODO Gent€1.3m€0.09m
BEN ARIJS Kluisbergen€1.3m€0.08m
RES CAPITIS Roeselare€1.5m€0.09m
GDM CONSULTING Brugge€1.8m€0.1m
ISIDOR Zonnebeke€2.2m€0.08m
ADNV-INVEST Wevelgem€2.1m€0.08m
Full comparison

Key facts about VRG PROJECTS

What is the company number of VRG PROJECTS?
The company number of VRG PROJECTS is 0828.319.523. The VAT number is the same number with BE in front: BE 0828.319.523.
Where is VRG PROJECTS based?
The registered office is at Heirbrugstraat 372, 9160 Lokeren.Company details
What does VRG PROJECTS do?
According to the KBO register, the main activity is activities of head offices (NACE 70100).
What is the legal form of VRG PROJECTS?
The legal form of VRG PROJECTS is Private limited company (BV).
When was VRG PROJECTS founded?
VRG PROJECTS was founded on 06-08-2010.
Is VRG PROJECTS still active?
Yes, VRG PROJECTS is an active enterprise in the KBO register.
How many employees does VRG PROJECTS have?
VRG PROJECTS had an average of 1.5 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
What is the turnover of VRG PROJECTS?
The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €86,140 and 125 comparable companies (NACE 70). It probably lies between €130,000 and €220,000.
Is VRG PROJECTS profitable?
In financial year 2025, VRG PROJECTS made a profit of €861.
Where can I find the annual accounts of VRG PROJECTS?
VRG PROJECTS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VRG PROJECTS due?
VRG PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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