VRS+
ActiveSummary
VRS+ has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €307,349 and a net result of €46,965. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 9086 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+26
Solvency50▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.11 in 2023; short-term debt: 54.5% and cash: 2.2% of total assets), but 75.2% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
5 d early
2022
3 d early
2021
on the day
2020
19 d early
2019
77 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€307,349▲ 18.0%
2023 · €260,384
Total assets
€1.2m▲ 3.2%
2023 · €1.2m
Net result
€46,965
2023 · -€67,740
Working capital
€414,219▲ 292%
2023 · €105,797
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€59,997▲ 27.1%€921▼ 98.5%€81,873▲ 8,791%-€8,996€134,124
Net result€67,939within the sector's middle half▲ 56.8%€2,568below the sector's middle half▼ 96.2%€31,889within the sector's middle half▲ 1,142%-€67,740below the sector's middle half€46,965within the sector's middle half
Equity€293,802within the sector's middle half▲ 30.1%€296,235within the sector's middle half▲ 0.8%€328,124within the sector's middle half▲ 10.8%€260,384within the sector's middle half▼ 20.6%€307,349within the sector's middle half▲ 18.0%
Total assets€893,674within the sector's middle half▲ 7.9%€1.2mwithin the sector's middle half▲ 31.2%€1.2mwithin the sector's middle half▲ 0.9%€1.2mwithin the sector's middle half▲ 1.6%€1.2mwithin the sector's middle half▲ 3.2%
Debt€599,872▼ 0.4%€876,082▲ 46.0%€854,424▼ 2.5%€940,962▲ 10.1%€932,780▼ 0.9%
Working capital€262,187within the sector's middle half▲ 35.5%€262,195within the sector's middle half=€294,637within the sector's middle half▲ 12.4%€105,797within the sector's middle half▼ 64.1%€414,219within the sector's middle half▲ 292%
Solvency32.9%within the sector's middle half▲ 5.6pp25.3%within the sector's middle half▼ 7.6pp27.7%within the sector's middle half▲ 2.5pp21.7%within the sector's middle half▼ 6.1pp24.8%within the sector's middle half▲ 3.1pp
Current ratio1.44within the sector's middle half▲ 0.121.30within the sector's middle half▼ 0.141.35within the sector's middle half▲ 0.051.11below the sector's middle half▼ 0.241.61within the sector's middle half▲ 0.50
Return on assets (ROA)7.6%within the sector's middle half▲ 2.4pp0.2%below the sector's middle half▼ 7.4pp2.7%within the sector's middle half▲ 2.5pp-5.6%below the sector's middle half▼ 8.3pp3.8%within the sector's middle half▲ 9.4pp
Staff (FTE)3.8within the sector's middle half▲ 26.7%4.4within the sector's middle half▲ 15.8%5.2within the sector's middle half▲ 18.2%5.9within the sector's middle half▲ 13.5%3.8within the sector's middle half▼ 35.6%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €134,124 after a loss of €8,996 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€150,279 ▼ 3.4%
Current assets
€1.1m ▲ 4.2%
Equity and liabilities €1.2m
Equity
€307,349 ▲ 18.0%
Debt
€932,780 ▼ 0.9%
Debt's share of the balance-sheet total falls from 78.3% to 75.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€147,199▲
2023 · €929
Cash flow
€60,041▲
2023 · -€57,815
Quick ratio
0.56▲
2023 · 0.37
Debt to equity
3.03▼
2023 · 3.61
ROE
15.3%▲
2023 · -26.0%
Interest coverage
1.78▲
2023 · 0.02
Debt ≤ 1 year
€675,631▼
2023 · €939,929
Debt > 1 year
€243,946▲
2023 · €1,033
Income taxes
€5,103▲
2023 · €353
Staff costs
€196,467▼
2023 · €252,208
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,273 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €182,174 | €178,999 | €252,208 | €196,467 | ▼ 22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,779 | €7,863 | €7,752 | €9,925 | €13,076 | ▲ 31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €42 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,990 | €3,844 | €9,719 | €11,482 | ▲ 18.1% |
| Non-recurring operating charges66A | - | - | - | - | €198 | - |
| Gross operating margin9900 | €232,050 | €192,947 | €272,468 | €262,898 | €355,346 | ▲ 35.2% |
| Operating profit (loss)9901 | €59,997 | €921 | €81,873 | -€8,996 | €134,124 | ▲ 1,591% |
| Financial income75/76B | - | €37,005 | €127 | €78 | €435 | ▲ 456% |
| Recurring financial income75 | €37,943 | €37,005 | €127 | €78 | €435 | ▲ 456% |
| Financial charges65/66B | - | €33,947 | €37,405 | €58,469 | €82,490 | ▲ 41.1% |
| Recurring financial charges65 | €29,863 | €33,947 | €37,405 | €58,469 | €82,490 | ▲ 41.1% |
| Profit (loss) for the period before taxes9903 | €68,077 | €3,979 | €44,594 | -€67,387 | €52,068 | ▲ 177% |
| Income taxes67/77 | €138 | €1,411 | €12,705 | €353 | €5,103 | ▲ 1,347% |
| Profit (loss) for the period9904 | €67,939 | €2,568 | €31,889 | -€67,740 | €46,965 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | €67,939 | €2,568 | €31,889 | -€67,740 | €46,965 | ▲ 169% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €893,674 | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 3.2% |
| Fixed assets21/28 | €39,940 | €36,550 | €51,240 | €155,620 | €150,279 | ▼ 3.4% |
| Tangible fixed assets22/27 | €39,940 | €36,550 | €51,240 | €155,620 | €150,279 | ▼ 3.4% |
| Land and buildings22 | - | €920 | €767 | €614 | €113,671 | ▲ 18,426% |
| Plant, machinery and equipment23 | - | €20,524 | €20,611 | €19,801 | €16,268 | ▼ 17.8% |
| Furniture and vehicles24 | - | €6,427 | €23,231 | €21,081 | €17,058 | ▼ 19.1% |
| Leasing and similar rights25 | - | €940 | €783 | €470 | €313 | ▼ 33.3% |
| Other tangible fixed assets26 | - | €7,738 | €5,848 | €3,959 | €2,969 | ▼ 25.0% |
| Assets under construction and advance payments27 | - | - | - | €109,696 | €0 | ▼ 100% |
| Current assets29/58 | €853,734 | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 4.2% |
| Stocks and contracts in progress3 | €566,906 | €674,002 | €688,152 | €696,507 | €709,791 | ▲ 1.9% |
| Stocks30/36 | - | €674,002 | €688,152 | €685,407 | €709,791 | ▲ 3.6% |
| Contracts in progress37 | - | - | - | €11,100 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €248,622 | €383,869 | €330,740 | €262,744 | €341,655 | ▲ 30.0% |
| Trade receivables40 | - | €332,402 | €304,863 | €203,377 | €274,045 | ▲ 34.7% |
| Other amounts receivable41 | - | €51,467 | €25,877 | €59,367 | €67,611 | ▲ 13.9% |
| Cash at bank and in hand54/58 | €36,181 | €75,871 | €59,300 | €69,977 | €27,650 | ▼ 60.5% |
| Deferred charges and accrued income490/1 | - | €2,026 | €53,115 | €16,499 | €10,755 | ▼ 34.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €893,674 | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 3.2% |
| Equity10/15 | €293,802 | €296,235 | €328,124 | €260,384 | €307,349 | ▲ 18.0% |
| Contributions10/11 | - | €16,967 | €16,967 | €16,967 | €16,967 | = |
| Reserves13 | €276,835 | €279,269 | €311,157 | €243,418 | €290,383 | ▲ 19.3% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | - | €277,414 | €309,302 | €243,418 | €290,383 | ▲ 19.3% |
| Profit (loss) carried forward14 | -€102,466 | - | - | - | - | - |
| Amounts payable17/49 | €599,872 | €876,082 | €854,424 | €940,962 | €932,780 | ▼ 0.9% |
| Amounts payable after more than one year17 | €8,326 | €2,509 | €17,753 | €1,033 | €243,946 | ▲ 23,516% |
| Financial debts170/4 | - | €2,509 | €17,753 | €1,033 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | - | €243,946 | - |
| Amounts payable within one year42/48 | €591,547 | €873,573 | €836,671 | €939,929 | €675,631 | ▼ 28.1% |
| Current portion of amounts payable after more than one year42 | - | €48,616 | €25,885 | €35,576 | €1,033 | ▼ 97.1% |
| Financial debts43 | - | €378,500 | €382,779 | €379,979 | €233,384 | ▼ 38.6% |
| Credit institutions430/8 | - | €378,500 | €382,779 | €379,979 | €233,384 | ▼ 38.6% |
| Trade debts44 | €149,766 | €232,479 | €212,888 | €192,828 | €381,404 | ▲ 97.8% |
| Suppliers440/4 | - | €232,479 | €212,888 | €192,828 | €381,404 | ▲ 97.8% |
| Taxes, remuneration and social security45 | - | €58,758 | €59,159 | €78,217 | €59,810 | ▼ 23.5% |
| Taxes450/3 | - | €39,108 | €39,443 | €40,438 | €45,570 | ▲ 12.7% |
| Remuneration and social security454/9 | - | €19,650 | €19,716 | €37,779 | €14,240 | ▼ 62.3% |
| Other amounts payable47/48 | - | €155,220 | €155,959 | €253,329 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €13,203 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,939 | €2,568 | €31,889 | -€67,740 | €46,965 | ▲ 169% |
| + Depreciation and write-downs630 | €7,779 | €7,863 | €7,752 | €9,925 | €13,076 | ▲ 31.7% |
| Operating cash flow (approximation) | €75,719 | €10,431 | €39,641 | -€57,815 | €60,041 | ▲ 204% |
| Investment in fixed assets (approximation) | - | -€4,472 | -€22,443 | -€114,305 | -€7,734 | ▲ 93.2% |
| Change in cash | - | €39,690 | -€16,571 | €10,677 | -€42,327 | ▼ 496% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €46,965
Net result €46,965 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €67,939 ▲56.8%
Net result €67,939, the highest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €43,339
Net result €43,339 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €225,863 ▲23.7%
Equity rises from €182,523 to €225,863.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Lommel · 1 establishment unit since 2017
Ground area
3,574 m²
Building footprint
1,656 m²
Volume, LiDAR
232 m³
Parcel 72020C1417/00S005, Flanders · tallest building 3.2 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VRS+
since 20172.265.791.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1417/00S005 | Flanders | 3,574 m² | 1 · 1,656 m² | 3.2 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 750 EUR | 750 EUR |
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Of 472 companies in sector 46442 we hold annual accounts for 336. 247 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
Founded14-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676807206
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.