Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Late annual account NBB
Fiscal year 2025 was filed 238 days after the legal deadline.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VHR from Balen, company number BE0552745986, closed financial year 2025 with a result of € -24,133 after tax. For that financial year VHR recorded a gross margin of € 16,785 and equity of € -58,557. Compared with financial year 2024, the result moved from € -8,524 to € -24,133. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2026.
€ -58,557
▼ € 24,133 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,133
▼ 183 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -78,557.
People and assets in 2025
€ 338
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 551,447
▲ 38% vs 2024
€ 51,191 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 5,318
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 56,570 | € 52,762 | € 30,384 | € 16,785 | ▼ 45% |
| Profit after taxes | € 16,507 | € 13,178 | € -8,524 | € -24,133 | ▼ € 15,609 |
| Equity | € -39,079 | € -25,901 | € -34,425 | € -58,557 | ▼ € 24,133 |
| Total debts | € 711,750 | € 697,983 | € 676,207 | € 670,085 | ▼ 1% |
| Cash | € 79 | € 44 | € 3 | - | |
| Land & buildings | € 524,318 | € 501,496 | € 478,675 | € 455,853 | ▼ 5% |
| Retained profit | € -59,079 | € -45,901 | € -54,425 | € -78,557 | ▼ € 24,133 |
| Bank debt | € 497,697 | € 449,143 | € 399,745 | € 551,447 | ▲ 38% |
| Balance sheet total | € 672,671 | € 672,083 | € 641,783 | € 611,528 | ▼ 5% |
Key figures of VHR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to VHR?
What happened at VHR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 24,133. filed late Source: NBB ↗
- New establishment in Balen. KBO
- Rudy Vanheuckelen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 16,507 profit in 2022 to € 24,133 loss in 2025.
Best year ever: 2022, with € 16,507 profit.
Management
The stake of STC EUROPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VHRBehind VHR is Rudy Vanheuckelen. The shares are held by STC EUROPE (1%).
Directors
According to the 2025 annual accounts
since 2014
Shareholders
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Steenweg Op Leopoldsburg 28 box 2-9
2490 Balen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →STC EUROPE same network
€ -210,759 gross margin · 2025
TW-STUDIO
€ 456,783 gross margin · 2024
VHR Europe
VEMA GROUP
CAAN
€ 314,390 gross margin · 2026
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0552.745.986
- VAT number
- BE 0552.745.986
- Registered office
- Steenweg Op Leopoldsburg 28 bus 2-9, 2490 Balen
- Names & denominations
- VHR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 2014
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Activiteiten van holdings
Holdings