VRC IMMO
ActiveSummary
VRC IMMO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.00M and a net result of €1.26M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 86% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+4
Solvency100=
Growth76▼-2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 4.03 against 1.93 in 2024; short-term debt: 4.8% and cash: 0% of total assets), and 11.4% 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 68
Relative position
BE, all sectors
reference
Sector 68
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
88.6%
Return on assets
8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €14.00M
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
27 d early
2023
22 d early
2022
41 d early
2021
8 d late
2020
18 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.35M▼ 0.6%
2024 · €1.35M
2018: €621k
2019: €633k
2020: €688k
2021: €733k
2022: €816k
2023: €981k
2024: €1.35M
2018 → 2025
EBIT margin
126.2%▲ 64.6pp
2024 · 61.6%
2018: 45.7%
2019: 43.9%
2020: 43.8%
2021: 35.5%
2022: 39.5%
2023: 47.4%
2024: 61.6%
2018 → 2025
Net result
€1.26M▲ 116%
2024 · €581k
2018: €205k
2019: €230k
2020: €218k
2021: €189k
2022: €208k
2023: €304k
2024: €581k
2018 → 2025
Working capital
€2.28M▲ 271%
2024 · €616k
2018: €2.35M
2019: €790k
2020: €1.33M
2021: €-604k
2022: €-39k
2023: €148k
2024: €616k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€733k-€816k▲ 11.4%€981k▲ 20.2%€1.35M▲ 38.0%€1.35M▼ 0.6%
Equity€2.54M-€2.75M▲ 8.2%€3.05M▲ 11.1%€13.27M▲ 335%€14.00M▲ 5.5%
Operating result€260k-€323k▲ 24.0%€465k▲ 44.2%€834k▲ 79.3%€1.70M▲ 104%
Net result€189k-€208k▲ 9.8%€304k▲ 46.1%€581k▲ 91.2%€1.26M▲ 116%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 104% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.80M
Fixed assets
€12.77M ▼ 7.1%
Current assets
€3.04M ▲ 138%
Equity and liabilities €15.80M
Equity
€14.00M ▲ 5.5%
Provisions
€235k ▲ 2,818%
Debt
€1.57M ▼ 10.2%
Debt's share of the balance-sheet total falls from 11.7% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.96M▲
2024 · €1.11M
Cash flow
€1.52M▲
2024 · €858k
Current ratio
4.03▲
2024 · 1.93
Debt to equity
0.11▼
2024 · 0.13
ROE
9.0%▲
2024 · 4.4%
ROA
8.0%▲
2024 · 3.9%
Interest coverage
75.54▲
2024 · 33.93
Debt ≤ 1 year
€753k▲
2024 · €662k
Debt > 1 year
€818k▼
2024 · €1.09M
Income taxes
€212k▼
2024 · €222k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15.03M€15.80M▲
Fixed assets21/28€13.75M€12.77M▼
Tangible fixed assets22/27€13.75M€12.77M▼
Land and buildings22€13.69M€12.77M▼
Assets under construction and advance payments27€55k€0▼
Current assets29/58€1.28M€3.04M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€2k€3.04M▲
Trade receivables40€197€99k▲
Other amounts receivable41€1k€2.94M▲
Cash at bank and in hand54/58€1.28M€1k▼
Equity and liabilities
Total equity and liabilities10/49€15.03M€15.80M▲
Equity10/15€13.27M€14.00M▲
Contributions10/11€770k€770k=
Capital10€770k€770k=
Issued capital100€770k€770k=
Revaluation surpluses12€9.64M€9.11M▼
Reserves13€2.86M€4.12M▲
Non-distributable reserves130/1€77k€77k=
Legal reserve130€77k€77k=
Tax-exempt reserves132€24k€705k▲
Distributable reserves133€2.76M€3.34M▲
Provisions and deferred taxes16€8k€235k▲
Deferred taxes168€8k€235k▲
Amounts payable17/49€1.75M€1.57M▼
Amounts payable after more than one year17€1.09M€818k▼
Financial debts170/4€1.09M€818k▼
Credit institutions173€1.09M€818k▼
Amounts payable within one year42/48€662k€753k▲
Current portion of amounts payable after more than one year42€360k€270k▼
Financial debts43€4€0▼
Credit institutions430/8€4€0▼
Trade debts44€48k€49k▲
Suppliers440/4€48k€49k▲
Taxes, remuneration and social security45€254k€434k▲
Taxes450/3€254k€434k▲
Accrued charges and deferred income492/3€54€54=
Income statement
Code20242025
Operating income70/76A€1.36M€2.26M▲
Turnover70€1.35M€1.35M▼
Other operating income74€2k€3k▲
Non-recurring operating income76A-€915k
Operating charges60/66A€521k€565k▲
Services and other goods61€137k€120k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€278k€264k▼
Other operating charges640/8€107k€110k▲
Non-recurring operating charges66A€50€71k▲
Operating profit (loss)9901€834k€1.70M▲
Financial income75/76B€4k€28k▲
Recurring financial income75€4k€28k▲
Income from current assets751€4k€28k▲
Financial charges65/66B€38k€30k▼
Recurring financial charges65€38k€30k▼
Debt charges650€33k€26k▼
Other financial charges652/9€5k€4k▼
Profit (loss) for the period before taxes9903€801k€1.70M▲
Transfer from deferred taxes780€2k€2k=
Transfer to deferred taxes680-€229k
Income taxes67/77€222k€212k▼
Taxes670/3€222k€212k▼
Tax adjustments and reversals of tax provisions77€13€162▲
Profit (loss) for the period9904€581k€1.26M▲
Transfer from tax-exempt reserves789€5k€5k=
Transfer to tax-exempt reserves689-€686k
Profit (loss) for the period to be appropriated9905€586k€576k▼
Appropriation of the result
Profit (loss) to be appropriated9906€586k€576k▼
Transfer to equity691/2€586k€576k▼
To other reserves6921€586k€576k▼
The notes to these accounts (53 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
31-12
Financial
Highest result since 2018net €1.26M ▲116%
Operating result €1.70M, net result €1.26M, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.03
Current ratio from 1.93 to 4.03.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €10MEq €13.27M ▲335%
7 profitable years in a row build equity to €13.27M.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
31-12
Financial
Weakest financial yearnet €189k ▼13%
Net result drops to €189k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Anderlecht · 1 establishment unit since 1994
Ground area
2.2 ha
Building footprint
9,602 m²
Volume, LiDAR
94,602 m³
Parcel 21306C0027/00B000, Brussels · tallest building 25.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VRC IMMO
since 19942.065.088.527
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0027/00B000 | Brussels | 2.2 ha | 1 · 9,602 m² | 25.0 m · 3 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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S.E.G.
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 1,528 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.