ACTIVE

VRG PROJECTS

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Financial year 2025 · closed on 31/12/2025
Net result
861,1 €
-66.8% YoY
Gross margin
86,1 k €
+0.7% YoY
Equity
611 k €
+8.1% YoY

What does VRG PROJECTS do?

VRG PROJECTS is a Private limited company incorporated in 2010. Its main activity is: Activities of head offices. Its registered office is in Lokeren.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0828.319.523
Incorporation
06/08/2010
Legal form
Private limited company
Registered office
Heirbrugstraat 372
9160 Lokeren · FlandreSee on map
Contributed capital
33 814,28 €
Latest accounts
31/12/2025
Activities (NACE)
70100Activities of head offices· main70100Activities of head offices43350Building completion and finishing43390Other building completion and finishing43910Roofing activities43994Other specialised construction activities n.e.c.+6
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin86,1 k €85,6 k €98,8 k €77 k €587,3 k €
EBITDA78,1 k €77,5 k €91,4 k €69,8 k €416,9 k €
Operating result23,2 k €22,4 k €33,7 k €13,1 k €313,2 k €
Net result861,1 €2,6 k €8,7 k €-6,4 k €-175,8 k €
Balance sheet
Equity611 k €565,4 k €562,8 k €506 k €512,4 k €
Total assets1,7 M €1,7 M €1,8 M €1,7 M €1,8 M €
Cash5,1 k €2,8 k €6,7 k €11,8 k €13,4 k €
Debts1,1 M €1,1 M €1,2 M €1,2 M €1,3 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Guy Verhavert

Director · since 27 avril 2021

Active

Ended mandates

Guy Verhavert

Director · since 02 août 2010

Ended
Guy Verhavert

Manager · since 02 août 2010

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date11/05/202628/04/202508/05/202423/03/202317/05/202430/01/2021
General meeting07/05/202602/04/202503/05/202422/03/202331/07/202204/01/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202507/05/202611/05/2026DutchPDF
Micro model31/12/202402/04/202528/04/2025DutchPDF
Micro model31/12/202303/05/202408/05/2024DutchPDF
Micro model31/12/202222/03/202323/03/2023DutchPDF
Micro modelCorrection31/12/202131/07/202217/05/2024DutchPDF
Micro model31/12/202131/07/202231/08/2022DutchPDF
Abridged model30/06/202004/01/202130/01/2021DutchPDF
Abridged model30/06/201902/01/202031/01/2020DutchPDF
Abridged model30/06/201814/12/201831/01/2019DutchPDF
Abridged model30/06/201728/12/201729/01/2018DutchPDF
Abridged model30/06/201609/12/201621/12/2016DutchPDF
Abridged model30/06/201523/12/201522/01/2016DutchPDF
Abridged model30/06/201415/12/201426/01/2015DutchPDF
Abridged model30/06/201313/12/201328/02/2014DutchPDF
Abridged model30/06/201214/12/201208/02/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Guy Verhavert

Director · since 27 avril 2021

Active

Ended mandates

Guy Verhavert

Director · since 02 août 2010

Ended
Guy Verhavert

Manager · since 02 août 2010

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring07/03/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring11/10/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates03/05/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other08/12/2010
    BENAMING
    PDF
  • Other17/08/2010
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025861,1 €↓
  2. 2024
    Annual accounts 20242,6 k €↓
  3. 2023
    Annual accounts 20238,7 k €↑
  4. 2022
    Annual accounts 2022-6,4 k €↑
  5. 2021
    Annual accounts 2021-175,8 k €
  6. 06/08/2010
    IncorporationPrivate limited company