GO-VIRTUAL
ActiveSummary
GO-VIRTUAL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€160,282) and a net result of €11,998. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 11% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▼-34
Solvency0=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.3 against 1.1 in 2023; short-term debt: 46% and cash: 14.9% of total assets), and equity is negative.
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Signals
Five 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 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-43.2%
Return on assets
3.2%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 143 sector peers (2024).
NBB · sector comparisonPosition among 143 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-04-2025, 106 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
106 d early
2023
9 d early
2022
25 d early
2021
62 d early
2020
51 d early
2019
108 d early
← 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 60 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€370,606▼ 8.7%
2023 · €405,843
Net result
€11,998▼ 89.0%
2023 · €109,341
Working capital
€51,142▲ 136%
2023 · €21,642
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
Turnover
Operating result€92,291▲ 708%€112,047▲ 21.4%€16,507▼ 85.3%€117,929▲ 614%€30,170▼ 74.4%
Net result€10,674▲ 45.2%€104,595▲ 880%€9,631▼ 90.8%€109,341▲ 1,035%€11,998▼ 89.0%
Equity-€395,847▲ 2.6%-€291,252▲ 26.4%-€281,621▲ 3.3%-€172,280▲ 38.8%-€160,282▲ 7.0%
Total assets€213,725▼ 11.8%€284,686▲ 33.2%€263,064▼ 7.6%€405,843▲ 54.3%€370,606▼ 8.7%
Debt€609,572▼ 6.1%€575,938▼ 5.5%€544,686▼ 5.4%€578,124▲ 6.1%€530,888▼ 8.2%
Working capital€9,277▼ 90.9%€116,505▲ 1,156%-€1,581€21,642€51,142▲ 136%
Staff (FTE)3.3▼ 17.5%3▼ 9.1%3=3=3=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Total assets +54% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 74% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €370,606
Fixed assets
€149,156 ▼ 10.8%
Current assets
€221,450 ▼ 7.2%
Key figures and ratios
EBITDA
€50,878▼
2023 · €134,307
Cash flow
€32,706▼
2023 · €125,719
Solvency
-43.2%▼
2023 · -42.4%
Current ratio
1.30▲
2023 · 1.10
Debt to equity
-3.31▲
2023 · -3.36
ROA
3.2%▼
2023 · 26.9%
Interest coverage
5.13▼
2023 · 24.47
Debt ≤ 1 year
€170,308▼
2023 · €217,052
Debt > 1 year
€360,000=
2023 · €360,000
Income taxes
€8,251▲
2023 · €3,100
Staff costs
€229,673▲
2023 · €184,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,447 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 | - | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | €175,809 | €85,594 | €184,538 | €229,673 | ▲ 24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,311 | €2,091 | €3,471 | €16,378 | €20,708 | ▲ 26.4% |
| Other operating charges640/8 | - | €2,816 | €1,381 | €1,418 | €2,657 | ▲ 87.3% |
| Gross operating margin9900 | €275,183 | €292,763 | €106,952 | €320,263 | €283,207 | ▼ 11.6% |
| Operating profit (loss)9901 | €92,291 | €112,047 | €16,507 | €117,929 | €30,170 | ▼ 74.4% |
| Financial income75/76B | - | €39 | €0 | €1 | €1 | ▼ 39.4% |
| Recurring financial income75 | €41 | €39 | €0 | €1 | €1 | ▼ 39.4% |
| Financial charges65/66B | - | €6,649 | €5,773 | €5,489 | €9,921 | ▲ 80.8% |
| Recurring financial charges65 | €81,212 | €6,649 | €5,773 | €5,489 | €9,921 | ▲ 80.8% |
| Profit (loss) for the period before taxes9903 | €11,120 | €105,437 | €10,734 | €112,441 | €20,249 | ▼ 82.0% |
| Income taxes67/77 | €446 | €842 | €1,103 | €3,100 | €8,251 | ▲ 166% |
| Profit (loss) for the period9904 | €10,674 | €104,595 | €9,631 | €109,341 | €11,998 | ▼ 89.0% |
| Profit (loss) for the period to be appropriated9905 | €10,674 | €104,595 | €9,631 | €109,341 | €11,998 | ▼ 89.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,725 | €284,686 | €263,064 | €405,843 | €370,606 | ▼ 8.7% |
| Fixed assets21/28 | €4,876 | €5,285 | €132,853 | €167,150 | €149,156 | ▼ 10.8% |
| Intangible fixed assets21 | - | €2,393 | €129,258 | €163,787 | €145,737 | ▼ 11.0% |
| Tangible fixed assets22/27 | €4,876 | €2,892 | €3,344 | €3,113 | €3,168 | ▲ 1.8% |
| Plant, machinery and equipment23 | - | €2,892 | €3,344 | €3,113 | €1,577 | ▼ 49.4% |
| Furniture and vehicles24 | - | €0 | - | - | €1,592 | - |
| Financial fixed assets28 | - | - | €250 | €250 | €250 | = |
| Current assets29/58 | €208,849 | €279,401 | €130,212 | €238,694 | €221,450 | ▼ 7.2% |
| Amounts receivable within one year40/41 | €111,093 | €103,205 | €85,934 | €154,652 | €135,884 | ▼ 12.1% |
| Trade receivables40 | - | €100,409 | €80,895 | €149,686 | €135,880 | ▼ 9.2% |
| Other amounts receivable41 | - | €2,797 | €5,039 | €4,966 | €4 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €84,578 | €158,189 | €26,352 | €65,931 | €55,110 | ▼ 16.4% |
| Deferred charges and accrued income490/1 | - | €18,006 | €17,926 | €18,111 | €30,456 | ▲ 68.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,725 | €284,686 | €263,064 | €405,843 | €370,606 | ▼ 8.7% |
| Equity10/15 | -€395,847 | -€291,252 | -€281,621 | -€172,280 | -€160,282 | ▲ 7.0% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €9,942 | €9,942 | €9,942 | €9,942 | €9,942 | = |
| Tax-exempt reserves132 | - | €9,942 | €9,942 | €9,942 | €9,942 | = |
| Profit (loss) carried forward14 | -€425,789 | -€321,194 | -€311,563 | -€202,222 | -€190,224 | ▲ 5.9% |
| Amounts payable17/49 | €609,572 | €575,938 | €544,686 | €578,124 | €530,888 | ▼ 8.2% |
| Amounts payable after more than one year17 | €410,000 | €410,000 | €410,000 | €360,000 | €360,000 | = |
| Financial debts170/4 | - | €410,000 | €410,000 | €360,000 | €360,000 | = |
| Amounts payable within one year42/48 | €199,572 | €162,896 | €131,793 | €217,052 | €170,308 | ▼ 21.5% |
| Trade debts44 | €17,271 | €17,141 | €37,205 | €38,466 | €58,675 | ▲ 52.5% |
| Suppliers440/4 | - | €17,141 | €37,205 | €38,466 | €58,675 | ▲ 52.5% |
| Taxes, remuneration and social security45 | - | €37,186 | €40,886 | €67,885 | €64,420 | ▼ 5.1% |
| Taxes450/3 | - | €18,037 | €16,340 | €39,342 | €29,529 | ▼ 24.9% |
| Remuneration and social security454/9 | - | €19,149 | €24,546 | €28,543 | €34,891 | ▲ 22.2% |
| Other amounts payable47/48 | - | €108,569 | €53,703 | €110,701 | €47,214 | ▼ 57.4% |
| Accrued charges and deferred income492/3 | - | €3,043 | €2,893 | €1,072 | €580 | ▼ 45.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,674 | €104,595 | €9,631 | €109,341 | €11,998 | ▼ 89.0% |
| + Depreciation and write-downs630 | €1,311 | €2,091 | €3,471 | €16,378 | €20,708 | ▲ 26.4% |
| Operating cash flow (approximation) | €11,985 | €106,686 | €13,101 | €125,719 | €32,706 | ▼ 74.0% |
| Investment in fixed assets (approximation) | - | -€2,500 | -€131,038 | -€50,675 | -€2,714 | ▲ 94.6% |
| Change in cash | - | €73,611 | -€131,838 | €39,579 | -€10,821 | ▼ 127% |
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
25-03
State Gazette act
Permanent representative: Alex MaghermanRegistered-office move · Power of attorney4 facts ▸
State Gazette act
Permanent representative: Alex Magherman
Registered-office move · Power of attorney4 facts ▸
- General meeting, 19/02/2026
- Registered-office move, Nieuwpoortse Steenweg 71, 8470 Gistel
- Power of attorney, KANTOOR VERCRUYSSE
- Permanent representative, Alex Magherman
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €109,341 ▲1,035%
Operating result €117,929, net result €109,341, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €7,353 ▼78.3%
Net result drops to €7,353, the lowest in the series; recovery starts the following year.
01-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gistel · 1 establishment unit since 2023
Ground area
586 m²
Building footprint
281 m²
Volume, LiDAR
1,676 m³
Parcel 35005B0187/00L003, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Go-Virtual
since 20232.345.307.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005B0187/00L003 | Flanders | 586 m² | 1 · 281 m² | 10.6 m · 2 fl. |
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 146 companies in sector 26200 we hold annual accounts for 84. 29 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
26200Manufacture of computer, electronic and optical products
62100Computer programming
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
58290Other software publishing
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867494160
Also
9925:BE0867494160
Registered
01-04-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.