VRR Projects
ActiveSummary
The computed 12-month bankruptcy probability of VRR Projects is 3.6% (moderate). For VRR Projects, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €55,713 and a net result of €31,984. Its solvency ranks better than 30% of 33673 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability89▼-11
Solvency53▼-21
Growth78
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2023Solvency, return and age of the figures
Solvency
27.9%
Return on assets
16%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-04-2025, 269 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
269 d late
2022
635 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 452 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€55,713▲ 135%
2022 · €23,730
Total assets
€199,900▲ 315%
2022 · €48,177
Net result
€31,984▲ 54.3%
2022 · €20,730
Working capital
€53,001▲ 143%
2022 · €21,801
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Operating result€28,016-€41,042▲ 46.5%
Net result€20,730within the sector's middle half-€31,984above the sector's middle half▲ 54.3%
Equity€23,730within the sector's middle half-€55,713within the sector's middle half▲ 135%
Total assets€48,177below the sector's middle half-€199,900within the sector's middle half▲ 315%
Debt€24,447-€144,187▲ 490%
Working capital€21,801-€53,001▲ 143%
Solvency49.3%within the sector's middle half-27.9%within the sector's middle half▼ 21.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 46% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €199,900
Fixed assets
€2,713 ▲ 40.7%
Current assets
€197,187 ▲ 326%
Equity and liabilities €199,900
Equity
€55,713 ▲ 135%
Debt
€144,187 ▲ 490%
Debt's share of the balance-sheet total rises from 50.7% to 72.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,918▲
2022 · €28,028
Cash flow
€32,859▲
2022 · €20,743
Current ratio
1.37▼
2022 · 1.89
Debt to equity
2.59▲
2022 · 1.03
ROE
57.4%▼
2022 · 87.4%
ROA
16.0%▼
2022 · 43.0%
Interest coverage
291.56
Debt ≤ 1 year
€144,187▲
2022 · €24,447
Income taxes
€9,568▲
2022 · €7,298
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13 | €876 | ▲ 6,839% |
| Other operating charges640/8 | €348 | €972 | ▲ 180% |
| Gross operating margin9900 | €28,376 | €42,889 | ▲ 51.1% |
| Operating profit (loss)9901 | €28,016 | €41,042 | ▲ 46.5% |
| Financial income75/76B | €13 | €654 | ▲ 5,107% |
| Recurring financial income75 | €13 | €654 | ▲ 5,107% |
| Financial charges65/66B | - | €144 | - |
| Recurring financial charges65 | - | €144 | - |
| Profit (loss) for the period before taxes9903 | €28,028 | €41,552 | ▲ 48.3% |
| Income taxes67/77 | €7,298 | €9,568 | ▲ 31.1% |
| Profit (loss) for the period9904 | €20,730 | €31,984 | ▲ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €20,730 | €31,984 | ▲ 54.3% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €48,177 | €199,900 | ▲ 315% |
| Fixed assets21/28 | €1,929 | €2,713 | ▲ 40.7% |
| Tangible fixed assets22/27 | €1,929 | €2,713 | ▲ 40.7% |
| Plant, machinery and equipment23 | €1,929 | €2,713 | ▲ 40.7% |
| Current assets29/58 | €46,248 | €197,187 | ▲ 326% |
| Stocks and contracts in progress3 | €25 | - | - |
| Stocks30/36 | €25 | - | - |
| Amounts receivable within one year40/41 | €25,453 | €182,759 | ▲ 618% |
| Trade receivables40 | €22,306 | €162,981 | ▲ 631% |
| Other amounts receivable41 | €3,147 | €19,778 | ▲ 529% |
| Cash at bank and in hand54/58 | €20,165 | €9,388 | ▼ 53.4% |
| Deferred charges and accrued income490/1 | €606 | €5,040 | ▲ 732% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €48,177 | €199,900 | ▲ 315% |
| Equity10/15 | €23,730 | €55,713 | ▲ 135% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €20,730 | €52,713 | ▲ 154% |
| Distributable reserves133 | €20,730 | €52,713 | ▲ 154% |
| Amounts payable17/49 | €24,447 | €144,187 | ▲ 490% |
| Amounts payable within one year42/48 | €24,447 | €144,187 | ▲ 490% |
| Trade debts44 | €10,532 | €127,301 | ▲ 1,109% |
| Suppliers440/4 | €10,532 | €127,301 | ▲ 1,109% |
| Taxes, remuneration and social security45 | €13,915 | €16,886 | ▲ 21.3% |
| Taxes450/3 | €11,515 | €16,886 | ▲ 46.6% |
| Remuneration and social security454/9 | €2,400 | - | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20,730 | €31,984 | ▲ 54.3% |
| + Depreciation and write-downs630 | €13 | €876 | ▲ 6,839% |
| Operating cash flow (approximation) | €20,743 | €32,859 | ▲ 58.4% |
| Investment in fixed assets (approximation) | - | -€1,660 | - |
| Change in cash | - | -€10,777 | - |
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
2025
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 269 days late
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 635 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Berlaar · 1 establishment unit since 2022
Ground area
434 m²
Building footprint
142 m²
Volume, LiDAR
607 m³
Parcel 12002C0770/00D005, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VRR Projects
since 20222.336.957.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002C0770/00D005 | Flanders | 434 m² | 1 · 142 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,550 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
Founded09-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0790636112
Also
9925:BE0790636112
Registered
26-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.