Equity
€88,404 from €552,222 in 2022
Equity fell by 84% in 3 years.
VISA Management
Lifetime
10 annual accounts with figures on one time axispeak €215,035 (2020)
€115,409▼ 1.4%
lowest -€24,753 (2016)
€55,650▼ 32.1%
peak €552,222 (2022)
€88,404▲ 70.2%
€442,219▲ 5.0%
peak 1 FTE (2020)
-not published
Board1 name since 2017
1 directorVincent Magermans
Owners2 names in the annual accounts
Documentsfilings and deeds
27-06-202634 days before the deadline
2025micro format
Result from €81,908 to €55,650Equity from €51,954 to €88,404
Key points
from the 2025 annual accountsTurnover
≈ €220,000 estimated
The accounts state no turnover.
Debts
€442,219 83% of the balance sheet
Financial debts 49%Suppliers 0%Taxes and wages 8%Other 43%
Of this, €110,731 falls due within a year.
Investments
€43,127 1.5 × depreciation
Green is investment, beige is depreciation.
Filings
10 annual accounts since 2016
The last five annual accounts were filed 25 to 174 days before the end of the period.
Position in the sector
16.7%
Lower solvency than 82% of companies in legal and accounting. Sector median 56.8% · 15,820 companies.
Checked score
93
Excellent
Financially stronger than 41% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,101 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
lowers risk
Sector: Legal and accounting activities (NACE 69)
Size: total assets €530,623
Figures for financial year 2025 (filed on 27-06-2026)
Founded in 2015
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 20% of them on solvency, 23% on liquidity, 37% on profitability and 85% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as VISA Management has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VISA Management itself is lower: < 0.1% within 12 months. It rests on far more data about VISA Management than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for VISA Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.62 (0.27 in 2024), below 1. Short-term debt is 20.9% and cash 4.1% of total assets. 83.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 15820 sector peers (2025).
NBB · sector comparisonPosition among 15820 sector peers
Solvency
better than 18%
← weakest
strongest →
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 €88,404
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 27-06-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 days early
2024
25 days early
2023
155 days early
2022
158 days early
2021
174 days early
2020
155 days early
2019
125 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 118 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 February (4 of the last 5 accounts filed within 120 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- V. & L. FINANCE 100%30-09-2024 annual accounts of V. & L. FINANCE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0627837349
Capital conversion · Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
Change of role: Magermans Vincent Fernand, from manager to statutory director · Permanent representative: Magermans Vincent Fernand · “L'organisation de la comptabilité et des services comptables et les activités de conseil en matière…” (deed in French) · Gazette deed
Reappointment: Vincent MAGERMANS (director)
General meeting of 07-02-2022 · Gazette deed
First establishment
Au Pairon 43, Limbourg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VISA Management Limbourg | €530,623 | €115,409 | 16.7% | - |
| L'INFERENCE FISCALE Oupeye | €538,616 | €132,253 | 12.2% | - |
| DC TAXCONSULT Mechelen | €477,797 | €108,118 | 73.6% | - |
| FD ACCOUNTING Ghent | €483,905 | €103,287 | 81.6% | - |
| THE SPECIAL ONE Uccle | €585,251 | €127,071 | 50.7% | - |
| PCab Kortenberg | €549,309 | €120,679 | 79.0% | - |
| B&J ACCOUNTANCY Oudenaarde | €458,895 | €123,622 | 73.2% | - |
These companies have the same main activity as VISA Management: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €459,000 and €585,000, founded between 2013 and 2015.
Official details
Source: KBO- Status
- Active since 02-04-2015Normal situation
- Activity
- Certified accountants and tax accountantsNACE 69201and 1 other
- Establishment unit
- 2.272.404.4494831 Limbourg, since 01-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 31-01-2025
Annual accounts 2025
- €530,623▲ 12.2%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 27-06-2026, 34 days before the end of the filing period
Insights on VISA Management
VISA Management files the micro format. That format states no turnover. The gross margin rose from €6,964 in 2016 to €115,409 in 2025.
V. & L. FINANCE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VISA Management
- What is the company number of VISA Management?
- The company number of VISA Management is 0627.837.349. The VAT number is the same number with BE in front: BE 0627.837.349.
- Where is VISA Management based?
- The registered office is at Au Pairon 41, 4831 Limbourg.Company details
- What does VISA Management do?
- According to the KBO register, the main activity is certified accountants and tax accountants (NACE 69201).
- What is the legal form of VISA Management?
- VISA Management is a private limited company (BV).
- When was VISA Management founded?
- VISA Management was founded on 02-04-2015.
- Is VISA Management still active?
- Yes, VISA Management is an active enterprise in the KBO register.
- How many employees does VISA Management have?
- VISA Management had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of VISA Management?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €115,409 and 43 comparable companies (NACE 69201). It probably lies between €180,000 and €270,000.
- Is VISA Management profitable?
- In financial year 2025, VISA Management made a profit of €55,650.
- Where can I find the annual accounts of VISA Management?
- VISA Management filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VISA Management due?
- VISA Management must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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