VTR GROUP
ActiveVTR GROUP has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.33M and a net result of €237k. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▲+14
Solvency100▲+21
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 0.55 in 2024; short-term debt: 5.2% and cash: 2.6% of total assets), and 22.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
77.7%
Return on assets
7.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
185 d early
2023
58 d early
2022
56 d early
2021
11 d early
2020
30 d late
2019
48 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€237k
2024 · €-121k
2018: €-233k
2019: €-1.70M
2020: €958k
2021: €67k
2022: €-1.23M
2023: €-151k
2024: €-121k
2018 → 2025
Working capital
€370k
2024 · €-584k
2018: €2.68M
2019: €1.20M
2020: €498k
2021: €269k
2022: €-832k
2023: €-468k
2024: €-584k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.60M-€2.37M▼ 34.1%€2.22M▼ 6.4%€2.10M▼ 5.4%€2.33M▲ 11.3%
Operating result€83k-€-526k€-152k▲ 71.1%€-130k▲ 14.6%€-185k▼ 42.8%
Net result€67k-€-1.23M€-151k▲ 87.7%€-121k▲ 20.0%€237k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €185k in 2025 against €130k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.00M
Fixed assets
€2.48M▼ 22.4%
Current assets
€526k▼ 27.5%
Equity and liabilities €3.00M
Equity
€2.33M▲ 11.3%
Debt
€670k▼ 63.2%
The debt ratio falls from 46.5% to 22.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-184k▼
2024 · €-129k
Cash flow
€238k▲
2024 · €-120k
Solvency
77.7%▲
2024 · 53.5%
Current ratio
3.37▲
2024 · 0.55
Quick ratio
3.37▲
2024 · 0.55
Debt / equity
0.29▼
2024 · 0.87
ROE
10.2%▲
2024 · -5.8%
ROA
7.9%▲
2024 · -3.1%
Interest coverage
-45.21▼
2024 · -32.06
Debt
€670k▼
2024 · €1.82M
Debt ≤ 1 year
€156k▼
2024 · €1.31M
Debt > 1 year
€514k▲
2024 · €510k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.92M€3.00M▼
Fixed assets21/28€3.19M€2.48M▼
Tangible fixed assets22/27€1.49M€1.49M▼
Land and buildings22€1.49M€1.49M▼
Financial fixed assets28€1.70M€987k▼
Current assets29/58€726k€526k▼
Amounts receivable within one year40/41€258k€449k▲
Trade receivables40€0-
Other amounts receivable41€258k€449k▲
Current investments50/53€400k€0▼
Cash at bank and in hand54/58€68k€77k▲
Equity and liabilities
Total equity and liabilities10/49€3.92M€3.00M▼
Equity10/15€2.10M€2.33M▲
Contributions10/11€651k€651k=
Revaluation surpluses12€1.37M€1.37M=
Reserves13€2.03M€2.03M=
Distributable reserves133€2.03M€2.03M=
Profit (loss) carried forward14€-1.96M€-1.72M▲
Amounts payable17/49€1.82M€670k▼
Amounts payable after more than one year17€510k€514k▲
Financial debts170/4€510k€514k▲
Amounts payable within one year42/48€1.31M€156k▼
Trade debts44€97k€97k=
Suppliers440/4€97k€97k=
Other amounts payable47/48€1.21M€59k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€947€947=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-127k€-183k▼
Operating profit (loss)9901€-130k€-185k▼
Financial income75/76B€13k€426k▲
Recurring financial income75€13k€2k▼
Non-recurring financial income76B-€424k
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€-121k€237k▲
Profit (loss) for the period9904€-121k€237k▲
Profit (loss) for the period to be appropriated9905€-121k€237k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.96M€-1.72M▲
Profit (loss) brought forward from the previous period14P€-1.84M€-1.96M▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
29-01
State Gazette act
Merger · Dissolution
Capital increase · Share issue
29-01
State Gazette act
Merger · Dissolution
Accounting effect · Permanent representative
2025
31-12
Financial
Back to profitnet €237k
Net result €237k after 3 loss-making years.
31-12
Financial
Liquidity times 6current ratio 3.37
Current ratio from 0.55 to 3.37; short-term debt falls from €1.31M to €156k.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €958k
Net result €958k after 2 loss-making years.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €-1.70M
Net result drops to €-1.70M, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 57 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Liège · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Julien-D'Andrimont 114000 LiègeGround area
1.8 ha
Building footprint
931 m²
Volume, LiDAR
33,641 m³
Parcel 62804D0259/00R002, Wallonia · tallest building 40.1 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
VTR GROUP
since 20022.073.951.654
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62804D0259/00R002 | Wallonia | 1.8 ha | 1 · 931 m² | 40.1 m · 12 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 5,691 companies in sector 70100 we hold annual accounts for 3,489. 1,510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-1995
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.