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VRL

Active
Private limited companyfounded 2010active for 16 yearsGrote Baan 366, 3530 Houthalen-Helchteren, BelgiumKBO/BCE: BE 0824.787.931
Summary

The computed 12-month bankruptcy probability of VRL is 1.6% (moderate). The 2025 annual accounts show equity of €66,500 and a net result of €9,431. Equity has been growing by about 41% per year since 2018. Its solvency ranks better than 9% of 9,883 sector peers (NACE 43, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 08-04-2010 Normal situation
Activity
Bricklaying and masonry work NACE 43910and 8 others
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment units
2.187.401.270 3530 Houthalen-Helchteren, since 08-04-2010
2.391.633.978 3600 Genk, since 01-07-2026
Financial year end
31 December
Peppol
Reachable since 17-06-2025

Board and ownership

Shareholders
  • Przemylaw Pietrusiewiczannual accounts 2018

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Annual accounts 2025
Gross margin
€68,343
▲ 194%
Turnover
≈ €350,000
estimated
Profit
€9,431
▼ 46.2%
Equity
€66,500
▲ 16.5%
Total assets
€1.4m
▲ 75.5%
Employees on 31-12-2025
1
  • 2025 accounts filed 61 days after the deadline
Filed on 30-09-2026
Score breakdownraises riskEquity €66,500 (4.6% of total assets)Sector: Specialised construction activities (NACE 43)Last filed accounts filed 61 days late; 1 of the last 3 accounts lateLiquidity: current ratio 1.04, cash €47,144, halvedShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 26% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 30-2
equity 4.6% of total assets
Liquidity 4-14
short-term debt 95.4% · cash 3.3%
Profitability 52-19
return on assets 0.7%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.6%▲ +0.1 percentage points vs 02-2025 04-2025: 0.5%▼ -0.1 percentage points vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.7%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.4%▼ -0.3 percentage points vs 07-2025lowest value 09-2025: 0.4%● unchanged vs 08-2025lowest value 10-2025: 0.4%● unchanged vs 09-2025lowest value 11-2025: 0.4%● unchanged vs 10-2025lowest value 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.5%▲ +0.1 percentage points vs 01-2026 03-2026: 0.4%▼ -0.1 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.1 percentage points vs 06-2026 08-2026: 1.1%▲ +0.5 percentage points vs 07-2026 09-2026: 1.3%▲ +0.2 percentage points vs 08-2026 10-2026: 1.6%▲ +0.3 percentage points vs 09-2026highest value 11-2026: 1.6%● unchanged vs 10-2026highest value
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (1.05 in 2024), below the usual 1.5. Short-term debt is 95.4% and cash 3.3% of total assets. 95.4% 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 43, micro). It does better than 11% of them on solvency, 4% on liquidity, 25% on profitability and 64% 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

Six signals.
raises risk
raises risk · Equity €66,500 (4.6% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Last filed accounts filed 61 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Liquidity: current ratio 1.04, cash €47,144, halved
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9883 sector peers (2025).
NBB · sector comparison
Position among 9883 sector peers
Solvency
better than 9%
← weakest strongest →
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
31 days early
2023
7 days late
2022
31 days late
2021
205 days late
2020
61 days late
2019
49 days late
← 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 55 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 31 August (4 of the last 5 accounts filed within 62 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

  • Caution: Lower solvency than 90% of companies in specialised constructionsector median 44.0% · 9,883 companies 4.6% View
  • Positive: 8 profitable years in a rowprofit 2025: €9,431 8 years View

Recent changes

  1. · Gazette deed Change of role: PIETRUSIEWICZ Przemyslaw, from manager to director
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as VRL: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €990,000 and €1.9m, founded between 2002 and 2018.

CompanyTotal assetsGross margin
VRL Houthalen-Helchteren€1.4m€0.07m
VAN LANGENDONCK - VERLINDEN Nijlen€1.5m€0.2m
De Voeg Wortegem-Petegem€1.3m€0.2m
Group Verhellen Ronse€1.0m€0.1m
ALVERBO Deerlijk€1.3m€0.1m
Arte-Floor Scherpenheuvel-Zichem€1.9m€0.2m
BOUWWERKEN GOVA Herentals€1.0m€0.1m
Full comparison

Key facts about VRL

What is the company number of VRL?
The company number of VRL is 0824.787.931. The VAT number is the same number with BE in front: BE 0824.787.931.
Where is VRL based?
The registered office is at Grote Baan 366, 3530 Houthalen-Helchteren.Company details
What does VRL do?
According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
What is the legal form of VRL?
The legal form of VRL is Private limited company (BV).
When was VRL founded?
VRL was founded on 08-04-2010.
Is VRL still active?
Yes, VRL is an active enterprise in the KBO register.
How many employees does VRL have?
VRL had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does VRL fall under?
In its 2025 annual accounts, VRL states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of VRL?
The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €68,343 and 105 comparable companies (NACE 439). It probably lies between €240,000 and €600,000. In financial year 2021 turnover was €404,776.
Is VRL profitable?
In financial year 2025, VRL made a profit of €9,431.
Where can I find the annual accounts of VRL?
VRL filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VRL due?
VRL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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