VRK Vastgoed
ActiveSummary
VRK Vastgoed has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-185k) and a net result of €-252k. Equity is shrinking by ~231.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▲+9
Solvency22▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.06 against 2.82 in 2024; short-term debt: 16.1% and cash: 0.3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Five 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
Sector 68
lower
← 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
-2.6%
Return on assets
-3.6%
Age of the figures
18 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 €-185k
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-11-2025, 6 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
6 d late
2024
on the day
2023
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-185k
2024 · €67k
2023: €674k
2024: €67k
2023 → 2025
Total assets
€7.05M▲ 11.2%
2024 · €6.34M
2023: €6.25M
2024: €6.34M
2023 → 2025
Net result
€-252k▲ 58.5%
2024 · €-607k
2023: €-243k
2024: €-607k
2023 → 2025
Working capital
€1.20M▲ 14.9%
2024 · €1.05M
2023: €1.44M
2024: €1.05M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€674k-€67k▼ 90.1%€-185k
Operating result€-106k-€-349k▼ 230%€-2k▲ 99.4%
Net result€-243k-€-607k▼ 149%€-252k▲ 58.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €349k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.05M
Fixed assets
€4.70M ▼ 0.2%
Current assets
€2.34M ▲ 44.2%
Key figures and ratios
EBITDA
€50k▲
2024 · €-300k
Cash flow
€-200k▲
2024 · €-558k
Solvency
-2.6%▼
2024 · 1.1%
Current ratio
2.06▼
2024 · 2.82
Quick ratio
0.16▼
2024 · 0.33
Debt to equity
-39.04▼
2024 · 93.75
ROA
-3.6%▲
2024 · -9.6%
Interest coverage
0.20▲
2024 · -1.16
Debt
€7.23M▲
2024 · €6.27M
Debt ≤ 1 year
€1.14M▲
2024 · €575k
Debt > 1 year
€5.94M▲
2024 · €5.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.34M€7.05M▲
Fixed assets21/28€4.71M€4.70M▼
Tangible fixed assets22/27€4.71M€4.70M▼
Land and buildings22€4.68M€4.67M▼
Plant, machinery and equipment23€32k€29k▼
Financial fixed assets28-€2k
Current assets29/58€1.62M€2.34M▲
Stocks and contracts in progress3€1.44M€2.16M▲
Stocks30/36€1.44M€2.16M▲
Amounts receivable within one year40/41€54k€100k▲
Trade receivables40€13k€52k▲
Other amounts receivable41€41k€48k▲
Cash at bank and in hand54/58€133k€21k▼
Deferred charges and accrued income490/1-€59k
Equity and liabilities
Total equity and liabilities10/49€6.34M€7.05M▲
Equity10/15€67k€-185k▼
Contributions10/11€690k€690k=
Profit (loss) carried forward14€-624k€-876k▼
Amounts payable17/49€6.27M€7.23M▲
Amounts payable after more than one year17€5.55M€5.94M▲
Financial debts170/4€1.90M€1.81M▼
Other amounts payable178/9€3.66M€4.13M▲
Amounts payable within one year42/48€575k€1.14M▲
Current portion of amounts payable after more than one year42€87k€105k▲
Financial debts43-€29
Credit institutions430/8-€29
Trade debts44€488k€1.03M▲
Suppliers440/4€488k€1.03M▲
Accrued charges and deferred income492/3€138k€158k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€52k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-2k▼
Other operating charges640/8€340k€30k▼
Gross operating margin9900€42k€78k▲
Operating profit (loss)9901€-349k€-2k▲
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€258k€251k▼
Recurring financial charges65€258k€251k▼
Profit (loss) for the period before taxes9903€-607k€-252k▲
Profit (loss) for the period9904€-607k€-252k▲
Profit (loss) for the period to be appropriated9905€-607k€-252k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-624k€-876k▼
Profit (loss) brought forward from the previous period14P€-17k€-624k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
06-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-607k
Net result drops to €-607k, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Turnhout · 1 establishment unit since 2021
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.
Steenweg op Zondereigen 252300 TurnhoutGround area
4,087 m²
Building footprint
231 m²
Volume, LiDAR
1,424 m³
Parcel 13040A0018/00A007, Flanders · tallest building 18.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VRK Vastgoed
since 20212.325.363.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13040A0018/00A007 | Flanders | 4,087 m² | 1 · 231 m² | 18.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
HS Immo
BE 0826.833.344
Antwerpen · Eq €66,819
STOKI ANDERLUES
BE 0500.607.793
Estinnes · Eq €66,284
RENOSTATE
BE 0782.237.296
Mechelen · Eq €67,480
ACA Vastgoed
BE 0786.510.642
Antwerpen · Eq €65,705
OFFICE MILLIONS GROUP
BE 1012.479.565
Manage · Eq €68,151
Of 1,292 companies in sector 68122 we hold annual accounts for 901. 505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2021
Fiscal year end31-03
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Business parks
1 parkOffers a parcel on business park:Beerse Zuid