Equity
-€4,174
Debts exceed assets in financial year 2025.
VRS
Lifetime
11 annual accounts with figures on one time axispeak €39,333 (2019)
€26,673▼ 16.1%
lowest -€16,226 (2018)
€6,483▲ 212%
peak €16,356 (2015)
-€4,174▲ €6,483
€90,455▼ 5.4%
Board3 names since 2014
2 directors and 1 other
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €31,779 to €26,673Result from €2,078 to €6,483Equity from -€10,658 to -€4,174Cash from €45,344 to €28,211
Key points
from the 2025 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Debts
€90,455 105% of the balance sheet
Suppliers 83%Taxes and wages 10%Other 7%
Investments
€24,526 2.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 46.1% higher than in 2024.
Filings
11 annual accounts since 2015
The 2020 accounts came 9 days late. The other nine of the last ten were filed on time.
Position in the sector
-€4,174
Less equity than 90% of companies in construction of buildings. Sector median €45,781 · 10,155 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,633 companies had the same profile as VRS has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,633 companies, not a prediction for VRS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0559927451
Registered office moved from Laarne to Sint-Lievens-Houtem
New registered office: Sint-Fledericusstraat 29 B, 9520 Sint-Lievens-Houtem (Vlierzele) · Previous registered office: Vaartstraat 25, 9270 Laarne · Resignation: (manager) · General meeting of 28-11-2023 · Gazette deed
Registered office moved from Laarne-Kalken to Laarne
New registered office: Vaartstraat 25, 9270 Laarne · Previous registered office: Meirestraat 5/a, 9270 Laarne-Kalken · Board meeting of 30-12-2017 · Gazette deed
Incorporation
published on 29-08-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VRS Sint-Lievens-Houtem | €86,280 | €26,673 | -4.8% | - |
| VCC + Haaltert | €89,515 | €31,179 | 38.6% | - |
| ANKO CONSTRUCT Forest | €79,161 | €24,690 | 91.0% | - |
| EMIEDI Zaventem | €92,468 | €27,922 | 59.0% | - |
| RENOVATIS Woluwe-Saint-Lambert | €82,284 | €23,175 | 24.1% | - |
| DS ALL-CONSTRUCT Lille | €95,578 | €25,372 | 93.6% | - |
| VAN LITSENBURGH Jabbeke | €90,464 | €24,449 | 56.5% | - |
These companies have the same main activity as VRS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €79,200 and €95,600, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 20-08-2014Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.234.235.9399520 Sint-Lievens-Houtem, since 20-08-2014
- Financial year end
- 30 June
- Peppol
- Reachable since 21-08-2025
Annual accounts to 30-06-2025
- €86,280▲ 1.5%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on VRS
VRS files the micro format. That format states no turnover. The gross margin rose from €13,212 in 2015 to €26,673 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VRS
- What is the company number of VRS?
- The company number of VRS is 0559.927.451. The VAT number is the same number with BE in front: BE 0559.927.451.
- Where is VRS based?
- The registered office is at Sint-Fledericusstraat 29, 9520 Sint-Lievens-Houtem.Company details
- What does VRS do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of VRS?
- VRS is a private limited company (BV).
- When was VRS founded?
- VRS was founded on 20-08-2014.
- Is VRS still active?
- Yes, VRS is an active enterprise in the KBO register.
- What is the turnover of VRS?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €26,673 and 164 comparable companies (NACE 41001). It probably lies between €100,000 and €330,000.Financials
- Is VRS profitable?
- In financial year 2025, VRS made a profit of €6,483.
- Where can I find the annual accounts of VRS?
- VRS filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VRS due?
- VRS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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