VRX
ActiveSummary
VRX has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €722,144 and a net result of €168,013. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 90% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+22
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days only on tighter terms
Liquidity ample (current ratio 16.8 against 10.64 in 2023; short-term debt: 5.1% and cash: 37.6% of total assets), and 6.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
93.3%
Return on assets
21.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-09-2026, 403 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
403 d late
2023
153 d late
2022
31 d late
2021
598 d late
2020
963 d late
2019
61 d late
← 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 368 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 oldest company in Jurbise, Professional and technical services sector#6 company by equity in Jurbise, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€168,013▲ 515%
2023 · €27,300
Working capital
€620,503▲ 36.3%
2023 · €455,340
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€78,074▼ 24.3%€82,926▲ 6.2%€65,042▼ 21.6%€79,731▲ 22.6%€235,928▲ 196%
Net result€55,277▼ 21.2%€62,117▲ 12.4%€51,719▼ 16.7%€27,300▼ 47.2%€168,013▲ 515%
Equity€412,995▲ 15.5%€475,112▲ 15.0%€526,831▲ 10.9%€554,131▲ 5.2%€722,144▲ 30.3%
Total assets€485,059▲ 20.9%€522,774▲ 7.8%€566,545▲ 8.4%€612,867▲ 8.2%€774,362▲ 26.4%
Debt€72,065▲ 65.8%€47,662▼ 33.9%€39,714▼ 16.7%€58,737▲ 47.9%€52,218▼ 11.1%
Working capital€313,709▲ 12.5%€393,489▲ 25.4%€464,999▲ 18.2%€455,340▼ 2.1%€620,503▲ 36.3%
Why a figure moved sharply
- 2024 Net result +515% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 196% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €774,362
Fixed assets
€114,583 ▲ 3.9%
Current assets
€659,778 ▲ 31.3%
Equity and liabilities €774,362
Equity
€722,144 ▲ 30.3%
Debt
€52,218 ▼ 11.1%
Debt's share of the balance-sheet total falls from 9.6% to 6.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€267,927▲
2023 · €99,508
Cash flow
€200,011▲
2023 · €47,077
Current ratio
16.80▲
2023 · 10.64
Debt to equity
0.07▼
2023 · 0.11
ROE
23.3%▲
2023 · 4.9%
ROA
21.7%▲
2023 · 4.5%
Interest coverage
125.94▲
2023 · 61.36
Debt ≤ 1 year
€39,275▼
2023 · €47,257
Debt > 1 year
€12,943▲
2023 · €5,160
Income taxes
€73,569▲
2023 · €50,809
Staff costs
€4,523▲
2023 · €2,433
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 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% | 1.6% |
| 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 74% 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 20,082 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,000 | - | - | €7,572 | - | - |
| Remuneration, social security and pensions62 | €529 | - | - | €2,433 | €4,523 | ▲ 85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,504 | €27,025 | €25,806 | €19,777 | €31,998 | ▲ 61.8% |
| Other operating charges640/8 | €1,207 | €1,681 | €1,970 | €6,855 | €918 | ▼ 86.6% |
| Gross operating margin9900 | €108,314 | €111,632 | €92,817 | €108,796 | €273,368 | ▲ 151% |
| Operating profit (loss)9901 | €78,074 | €82,926 | €65,042 | €79,731 | €235,928 | ▲ 196% |
| Financial income75/76B | €18 | €4,092 | €8,400 | - | €7,781 | - |
| Recurring financial income75 | €18 | €4,092 | €8,400 | - | €7,781 | - |
| Financial charges65/66B | €1,558 | €1,806 | €1,405 | €1,622 | €2,127 | ▲ 31.2% |
| Recurring financial charges65 | €1,558 | €1,806 | €1,405 | €1,622 | €2,127 | ▲ 31.2% |
| Profit (loss) for the period before taxes9903 | €76,534 | €85,212 | €72,037 | €78,109 | €241,582 | ▲ 209% |
| Income taxes67/77 | €21,257 | €23,094 | €20,318 | €50,809 | €73,569 | ▲ 44.8% |
| Profit (loss) for the period9904 | €55,277 | €62,117 | €51,719 | €27,300 | €168,013 | ▲ 515% |
| Profit (loss) for the period to be appropriated9905 | €55,277 | €62,117 | €51,719 | €27,300 | €168,013 | ▲ 515% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485,059 | €522,774 | €566,545 | €612,867 | €774,362 | ▲ 26.4% |
| Fixed assets21/28 | €125,928 | €98,903 | €73,097 | €110,271 | €114,583 | ▲ 3.9% |
| Tangible fixed assets22/27 | €125,928 | €98,903 | €73,097 | €110,271 | €114,583 | ▲ 3.9% |
| Land and buildings22 | €94,526 | €83,142 | €72,577 | €87,244 | €77,929 | ▼ 10.7% |
| Furniture and vehicles24 | €31,402 | €15,760 | €520 | €23,027 | €36,654 | ▲ 59.2% |
| Current assets29/58 | €359,131 | €423,872 | €493,448 | €502,596 | €659,778 | ▲ 31.3% |
| Amounts receivable after more than one year29 | €200,000 | €300,000 | €300,000 | €208,400 | €294,400 | ▲ 41.3% |
| Trade receivables290 | €200,000 | €300,000 | €300,000 | €208,400 | €294,400 | ▲ 41.3% |
| Amounts receivable within one year40/41 | €26,299 | €43,715 | €56,876 | €43,151 | €47,514 | ▲ 10.1% |
| Trade receivables40 | €2,030 | - | €10,730 | €10,730 | €10,899 | ▲ 1.6% |
| Other amounts receivable41 | €24,269 | €43,715 | €46,146 | €32,420 | €36,615 | ▲ 12.9% |
| Cash at bank and in hand54/58 | €111,216 | €76,065 | €127,309 | €231,725 | €290,800 | ▲ 25.5% |
| Deferred charges and accrued income490/1 | €21,616 | €4,092 | €9,263 | €19,320 | €27,064 | ▲ 40.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485,059 | €522,774 | €566,545 | €612,867 | €774,362 | ▲ 26.4% |
| Equity10/15 | €412,995 | €475,112 | €526,831 | €554,131 | €722,144 | ▲ 30.3% |
| Contributions10/11 | €12,550 | €12,550 | €12,550 | €12,550 | €12,550 | = |
| Capital10 | €12,550 | €12,550 | €12,550 | - | - | - |
| Issued capital100 | €19,000 | €19,000 | €19,000 | - | - | - |
| Uncalled capital101 | €6,450 | €6,450 | €6,450 | - | - | - |
| Reserves13 | €400,445 | €462,562 | €514,281 | €541,581 | €709,594 | ▲ 31.0% |
| Non-distributable reserves130/1 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Legal reserve130 | €1,900 | €1,900 | €1,900 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,900 | €1,900 | = |
| Distributable reserves133 | €398,545 | €460,662 | €512,381 | €539,681 | €707,694 | ▲ 31.1% |
| Amounts payable17/49 | €72,065 | €47,662 | €39,714 | €58,737 | €52,218 | ▼ 11.1% |
| Amounts payable after more than one year17 | €23,202 | €17,279 | €11,265 | €5,160 | €12,943 | ▲ 151% |
| Financial debts170/4 | €23,202 | €17,279 | €11,265 | €5,160 | €12,943 | ▲ 151% |
| Amounts payable within one year42/48 | €45,422 | €30,383 | €28,449 | €47,257 | €39,275 | ▼ 16.9% |
| Current portion of amounts payable after more than one year42 | €18,645 | €5,923 | €6,014 | €11,232 | €20,192 | ▲ 79.8% |
| Financial debts43 | - | €4,978 | €5,000 | - | - | - |
| Credit institutions430/8 | - | €4,978 | €5,000 | - | - | - |
| Trade debts44 | €14,509 | €13,990 | €12,752 | €35,381 | €5,390 | ▼ 84.8% |
| Suppliers440/4 | €14,509 | €13,990 | €12,752 | €35,381 | €5,390 | ▼ 84.8% |
| Taxes, remuneration and social security45 | €12,268 | €5,492 | €4,683 | €643 | €13,694 | ▲ 2,028% |
| Taxes450/3 | €12,268 | €5,492 | €4,683 | €643 | €13,694 | ▲ 2,028% |
| Accrued charges and deferred income492/3 | €3,440 | - | - | €6,320 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,277 | €62,117 | €51,719 | €27,300 | €168,013 | ▲ 515% |
| + Depreciation and write-downs630 | €28,504 | €27,025 | €25,806 | €19,777 | €31,998 | ▲ 61.8% |
| Operating cash flow (approximation) | €83,781 | €89,143 | €77,524 | €47,077 | €200,011 | ▲ 325% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€56,951 | -€36,311 | ▲ 36.2% |
| Change in cash | - | -€35,151 | €51,244 | €104,417 | €59,075 | ▼ 43.4% |
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
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 403 days late
2024
31-12
Financial
Highest result since 2018net €168,013 ▲515%
Operating result €235,928, net result €168,013, both a record.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 153 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 598 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 963 days late
2023
31-12
Financial
Weakest financial yearnet €27,300 ▼47.2%
Net result drops to €27,300, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €500,000Eq €526,831 ▲10.9%
5 profitable years in a row build equity to €526,831.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 126 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Jurbise · 1 establishment unit since 1999
Ground area
1,029 m²
Building footprint
176 m²
Parcel 53023B0157/00B007, Wallonia. Linked by address, not a title deed.
1 establishment unit
VRX
since 19992.357.255.990
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53023B0157/00B007 | Wallonia | 1,029 m² | 1 · 176 m² | - |
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 82,642 companies in sector 70200 we hold annual accounts for 52,590. 31,276 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
Founded18-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
vranckx.marc@icloud.com
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.