VRR Projects
ActiveSummary
The computed 12-month bankruptcy probability of VRR Projects is 13.8% (high). For VRR Projects, at least two annual filings 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 33,164 sector peers (NACE 43, financial year 2023). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-09-2022 Normal situation
- Activity
- Floor and wall tiling NACE 43331
- Establishment unit
- 2.336.957.355 2590 Berlaar, since 09-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 26-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 13.8%
2023 figures too old to score
Annual accounts 2023
- Gross margin
- €42,889
- ▲ 51.1%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €31,984
- ▲ 54.3%
- Equity
- €55,713
- ▲ 135%
- Total assets
- €199,900
- ▲ 315%
- 2024 accounts not filed, 461 days past the deadline
Signalsraises risk2 financial years not filed after the legal deadline; last filed accounts filed 269 days late; 2 of the last 3 accounts lateFigures for financial year 2023 (filed on 29-04-2025)Size: total assets €199,900Two or more financial years not filed2023 accounts filed 269 days lateShow the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Bankruptcy probability: High
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Average
Solvency
53-21
equity 27.9% of total assets
Liquidity
17-58
short-term debt 72.1% · cash 4.7%
Profitability
89-11
return on assets 16.0%
Bankruptcy probability within 12 months
13.8%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.3%lowest value
01-2025: 3.3%● unchanged vs 12-2024lowest value
02-2025: 3.3%● unchanged vs 01-2025lowest value
03-2025: 3.3%● unchanged vs 02-2025lowest value
04-2025: 7.3%▲ +4.0 percentage points vs 03-2025
05-2025: 6.8%▼ -0.5 percentage points vs 04-2025
06-2025: 6.5%▼ -0.3 percentage points vs 05-2025
07-2025: 6.4%▼ -0.1 percentage points vs 06-2025
08-2025: 7.3%▲ +0.9 percentage points vs 07-2025
09-2025: 7.6%▲ +0.3 percentage points vs 08-2025
10-2025: 9.4%▲ +1.8 percentage points vs 09-2025
11-2025: 8.8%▼ -0.6 percentage points vs 10-2025
12-2025: 10.0%▲ +1.2 percentage points vs 11-2025
01-2026: 13.0%▲ +3.0 percentage points vs 12-2025
02-2026: 13.0%● unchanged vs 01-2026
03-2026: 13.2%▲ +0.2 percentage points vs 02-2026
04-2026: 12.2%▼ -1.0 percentage point vs 03-2026
05-2026: 11.8%▼ -0.4 percentage points vs 04-2026
06-2026: 11.6%▼ -0.2 percentage points vs 05-2026
07-2026: 11.6%● unchanged vs 06-2026
08-2026: 13.9%▲ +2.3 percentage points vs 07-2026highest value
09-2026: 13.8%▼ -0.1 percentage points vs 08-2026
10-2026: 13.8%● unchanged vs 09-2026
11-2026: 13.8%● unchanged vs 10-2026
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Signals
Five signals.
raises risk
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 year end31-07-2025 deadline04-11-2026 today
raises risk · 2023 accounts filed 269 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
269 days late
2022
635 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 452 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 (1)
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2023 filed on 26-04-2025 PDF all 2 filings
Turnover
≈ €260,000
Estimated: probably between €180,000 and €430,000
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
Multi-year overview
2022 to 2023, 2 financial yearsOperating result
€41,042
▲ 46.5%
2023
20222023
Net result
€31,984
▲ 54.3%
2023
highest quarter of the sector
20222023
Equity
€55,713
▲ 135%
2023
middle half of the sector
20222023
Total assets
€199,900
▲ 315%
2023
middle half of the sector
20222023
Debt
€144,187
▲ 490%
2023
20222023
Working capital
€53,001
▲ 143%
2023
middle half of the sector
20222023
Solvency
27.9%
▼ 21.4pp
2023
middle half of the sector
20222023
Current ratio
1.37
▼ 0.52
2023
middle half of the sector
20222023
Return on assets (ROA)
16.0%
▼ 27.0pp
2023
middle half of the sector
20222023
Every figure per financial year
Every figure with its change against the financial 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€21,801within the sector's middle half-€53,001within the sector's middle half▲ 143%
Solvency49.3%within the sector's middle half-27.9%within the sector's middle half▼ 21.4pp
Current ratio1.89within the sector's middle half-1.37within the sector's middle half▼ 0.52
Return on assets (ROA)43.0%above the sector's middle half-16.0%within the sector's middle half▼ 27.0pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 46% higher than in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
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
Debt to equity
2.59▲
2022 · 1.03
ROE
57.4%▼
2022 · 87.4%
Interest coverage
over 100
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.
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | €1,941 | €1,660 |
| Depreciation and write-downs of the year | €13 | €876 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13 | €876 | ▲ 69× |
| 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 | ▲ 52× |
| Recurring financial income75 | €13 | €654 | ▲ 52× |
| 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 | ▲ 12× |
| Suppliers440/4 | €10,532 | €127,301 | ▲ 12× |
| 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 | ▲ 69× |
| Operating cash flow (approximation) | €20,743 | €32,859 | ▲ 58.4% |
| Investment in fixed assets (approximation) | - | -€1,660 | - |
| Change in cash | - | -€10,777 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, no change since 2022
VAN ROMPAEY Rudolf
Current
Director (not named in the articles) · appointed in the act of 13-09-2022 · term without a fixed end · listed in the 2023 annual accounts, filed on 26-04-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 13-09-2022Owners and capital
Shareholders
At incorporation
act of 13-09-2022 ↗
- VAN ROMPAEY Rudolf 100 shares (100%)
Capital transactions
Capital over time
- 13-09-2022 Incorporation · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Tenzij algemene vergadering anders beslist, niet bezoldigd”
Articles of association, deed of 13-09-2022 (in Dutch)
Network & group
VRR Projects shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of VRR Projects. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2025
2022
13-09
Gazette deed
IncorporationAppointment: VAN ROMPAEY Rudolf (director) · Founder · Founding capital5 points ▸
Gazette deed
Incorporation
Appointment: VAN ROMPAEY Rudolf (director) · Founder · Founding capital5 points ▸
- Incorporation, 08-09-2022
- Founder, VAN ROMPAEY Rudolf
- Founding capital
- Other provision, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Director appointment, VAN ROMPAEY Rudolf (director (not named in the articles))
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
VRR Projects in Dutch
Enterprise number
0790.636.112
Legal form
Private limited company
Status
Active, normale toestand
Founded
09-09-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-09-2022 (in Dutch)Name clauseThe company operates under this name according to its articles.
VRR Projects
deed of 13-09-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, 2590 Berlaar,Aarschotsebaan 175”
deed of 13-09-2022 (in Dutch)Registered office and establishments
Registered office
Aarschotsebaan 175, 2590 Berlaar, Belgium
Establishment unit
VRR Projects, Aarschotsebaan 175, 2590 Berlaar since 09-09-2022 · unit number 2.336.957.355
Activities
NACEBEL 202543331
Floor and wall tiling main activity
Codes under NACEBEL 2008
43331
Floor and wall tiling main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 13-09-2022 (in Dutch)
“Algemene bouwwerken; werkzaamheden uitoefenen in de bouw; Algemene coördinatie van de werkzaamheden op de bouwwerf; Projectontwikkelaar in…”
32 activities
- Algemene bouwwerken; werkzaamheden uitoefenen in de bouw
- Algemene coördinatie van de werkzaamheden op de bouwwerf
- Projectontwikkelaar in de bouwsector
- Coördinatie van werken uitgevoerd door onderaannemers
- Werken uitvoeren als onderaannemer
- Verbouwingswerken
- Afbraakwerken
- Aanleggen van opritten
- Grondwerken
- Ontwikkeling bouwprojecten
- Karweiwerken
- Dienstverlening
- Klein- en groothandel in bouwmaterialen.
- Aannemer in :
- Ruwbouw
- Stukadoor, cementeer- en dekvloeractiviteiten
- Tegel-, marmer- en natuursteenactiviteiten
- Aannemer tegelzetter – aannemer steenhouwer – aannemer marmerbewerker
- Dakdekker- en waterdichtmakingsactiviteiten
- Schrijnwerker – glazenmaker
- Polyvalent schrijnwerker, algemeen schrijnwerk
- Eindafwerking
- Aannemer van schilderwerken, behanger – plaatser van wand- en vloerbekleding, ook industriële schilderwerken
- Installatieactiviteiten voor centrale verwarming, klimaatregeling, gas- en sanitair-installateur, loodgieter
- Elektrotechniek
- Algemeen aannemer
- Bouw van autowegen, straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails)
- Aanbrengen in gebouwen en andere bouwwerken van: vloer- of wandtegels van keramische stoffen, beton of gehouwen steen, vloerbedekking en wandbekleding van terrazzo marmer, graniet of lei, enzovoort
- Chapewerken
- Kleinhandel in ijzerwaren, verf en bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400m².
- Detailhandel in wand- en vloertegels in gespecialiseerde winkels
- Plaatsen van vloer- en wandtegels.
Invoicing and payment
VAT number
BE 0790.636.112
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0790.636.112
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June at 20:00
deed of 13-09-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
434 m²
Building footprint
142 m²
Building volume
607 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12002C0770/00D005 | Flanders | 434 m² | 1 · 142 m² | 6.2 m · 2 |