INSPIRED VISION
ActiveSummary
INSPIRED VISION has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€245,632) and a net result of -€17,108. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 11,120 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Equity
- -€245,632
- Loss
- -€17,108
- Holdings
- 1
Why 53raises riskCapped at 59: negative equityLiquidity: current ratio 0.66, cash €1,944, halvedLatest accounts 18 days late; 2 of the last 3 lateNegative equity -€245,632lowers riskSize: total assets €1.0mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 9% on solvency, 3% on liquidity, 21% on profitability and 31% on growth.
The bankruptcy probability was computed on 20-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 34 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: VAN DER ELST Thomas Jean-Pierre…Appointment: VAN DER ELST Thomas…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (18 days) Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00403877.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 89% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 92.8% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,242 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,359 | €2,877 | €3,179 | €3,058 | €3,594 | €4,027 | €4,032 | €9,319 | ▲ 131% |
| Other operating charges640/8 | - | - | - | €4,388 | €868 | - | €1,867 | €4,510 | ▲ 142% |
| Non-recurring operating charges66A | - | - | - | - | €520 | - | - | - | - |
| Gross operating margin9900 | €76,446 | €65,901 | €89,391 | €24,316 | -€79,514 | -€74,662 | €66,173 | €20,567 | ▼ 68.9% |
| Operating profit (loss)9901 | €62,395 | €58,465 | €76,746 | €16,870 | -€84,497 | -€78,689 | €60,273 | €6,738 | ▼ 88.8% |
| Financial income75/76B | - | - | - | €0 | €99 | €0 | €1 | €489 | ▲ 93,842% |
| Recurring financial income75 | €9,266 | €14,810 | €0 | €0 | €99 | €0 | €1 | €489 | ▲ 93,842% |
| Financial charges65/66B | - | - | - | €43,296 | €40,573 | €77,280 | €80,344 | €24,335 | ▼ 69.7% |
| Recurring financial charges65 | €66,095 | €78,536 | €49,070 | €43,296 | €40,573 | €77,280 | €80,344 | €24,335 | ▼ 69.7% |
| Profit (loss) for the period before taxes9903 | €7,829 | -€5,261 | €27,676 | -€26,426 | -€124,971 | -€155,969 | -€20,070 | -€17,108 | ▲ 14.8% |
| Income taxes67/77 | €35 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €7,794 | -€5,261 | €27,676 | -€26,426 | -€124,971 | -€155,969 | -€20,070 | -€17,108 | ▲ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €7,794 | -€5,261 | €27,676 | -€26,426 | -€124,971 | -€155,969 | -€20,070 | -€17,108 | ▲ 14.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €1.5m | €1.3m | €1.1m | €1.1m | €2.6m | €1.3m | €1.0m | ▼ 19.5% |
| Fixed assets21/28 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.4m | ▲ 318% |
| Intangible fixed assets21 | - | - | - | €235 | €135 | €36 | - | - | - |
| Tangible fixed assets22/27 | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | €0.01m | €0.3m | ▲ 2,237% |
| Land and buildings22 | - | - | - | - | - | - | - | €0.3m | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.001m | €0.001m | ▼ 10.2% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.01m | €0.009m | €0.005m | €0.003m | ▼ 44.5% |
| Other tangible fixed assets26 | - | - | - | €0.004m | €0.004m | €0.003m | €0.006m | €0.007m | ▲ 10.6% |
| Financial fixed assets28 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Current assets29/58 | €1.7m | €1.4m | €1.2m | €1.0m | €1.0m | €2.5m | €1.2m | €0.7m | ▼ 44.4% |
| Amounts receivable after more than one year29 | - | - | - | €0.02m | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.02m | - | - | - | - | - |
| Stocks and contracts in progress3 | €1.4m | €0.9m | €1.0m | €0.4m | €0.7m | €1.2m | €0.5m | - | - |
| Stocks30/36 | - | - | - | €0.4m | €0.7m | €1.2m | €0.5m | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.03m | €0.5m | €0.3m | €1.3m | €0.7m | €0.7m | ▼ 2.1% |
| Trade receivables40 | - | - | - | €0.5m | €0.03m | €1.0m | €0.4m | €0.6m | ▲ 52.2% |
| Other amounts receivable41 | - | - | - | - | €0.3m | €0.2m | €0.3m | €0.07m | ▼ 75.6% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | - | €0.009m | €0.002m | ▼ 77.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €400 | €0.002m | €0.001m | €400 | ▼ 35.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €1.5m | €1.3m | €1.1m | €1.1m | €2.6m | €1.3m | €1.0m | ▼ 19.5% |
| Equity10/15 | €0.08m | €0.07m | €0.1m | €0.07m | -€0.05m | -€0.2m | -€0.2m | -€0.2m | ▼ 7.5% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.03m | -€0.004m | -€0.03m | -€0.2m | -€0.3m | -€0.3m | -€0.3m | ▼ 5.2% |
| Amounts payable17/49 | €1.8m | €1.4m | €1.2m | €1.1m | €1.2m | €2.8m | €1.5m | €1.3m | ▼ 15.4% |
| Amounts payable after more than one year17 | €0.4m | €0.7m | €0.5m | €0.5m | €0.4m | €0.2m | €0.2m | €0.3m | ▲ 13.5% |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 13.5% |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.2m | - | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €0.7m | €0.6m | €0.6m | €0.7m | €2.5m | €1.3m | €1.0m | ▼ 20.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 18.6% |
| Financial debts43 | - | - | - | €0.4m | €0.4m | €1.0m | €0.4m | - | - |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | €1.0m | €0.4m | - | - |
| Trade debts44 | €0.1m | €0.03m | €0.02m | €0.02m | €0.04m | €1.0m | €0.005m | €0.007m | ▲ 47.4% |
| Suppliers440/4 | - | - | - | €0.02m | €0.04m | €1.0m | €0.005m | €0.007m | ▲ 47.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.002m | €0.004m | €0.003m | €0.04m | ▲ 1,279% |
| Taxes450/3 | - | - | - | €0.001m | €0.002m | €0.004m | €0.003m | €0.04m | ▲ 1,279% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.3m | €0.5m | €0.8m | €0.9m | ▲ 13.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 13.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,794 | -€5,261 | €27,676 | -€26,426 | -€124,971 | -€155,969 | -€20,070 | -€17,108 | ▲ 14.8% |
| + Depreciation and write-downs630 | €3,359 | €2,877 | €3,179 | €3,058 | €3,594 | €4,027 | €4,032 | €9,319 | ▲ 131% |
| Operating cash flow (approximation) | €11,153 | -€2,384 | €30,855 | -€23,368 | -€121,376 | -€151,942 | -€16,038 | -€7,789 | ▲ 51.4% |
| Investment in fixed assets (approximation) | - | -€310 | -€6,627 | -€299 | -€8,068 | -€565 | -€4,497 | -€286,968 | ▼ 6,282% |
| Change in cash | - | -€18,108 | €30,400 | -€29,345 | -€58,846 | - | - | -€6,788 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-08-2026 | 2026-00403877 |
| 31-12-2024 | full format | 30-09-2025 | 2025-00519316 |
| 31-12-2023 | full format | 31-08-2024 | 2024-00433810 |
| 31-12-2022 | full format | 29-08-2023 | 2023-00372450 |
| 31-12-2021 | full format | 26-08-2022 | 2022-20321014 |
| 31-12-2020 | full format | 28-09-2021 | 2021-70400360 |
| 31-12-2019 | micro format | 17-08-2020 | 2020-42100506 |
| 31-12-2018 | micro format | 12-09-2019 | 2019-64200099 |
| 31-12-2017 | micro format | 17-08-2018 | 2018-47200336 |
| 31-12-2016 | full format | 30-08-2017 | 2017-53500530 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN DER ELST Thomas Jean-Pierre Christian |
|
Owners and capital
Capital and shareholders
- 09-07-2026 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the 2025 annual accounts of INSPIRED VISION and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-07
Gazette deed
Resignation: VAN DER ELST Thomas Jean-Pierre Christian (manager)Appointment: VAN DER ELST Thomas Jean-Pierre Christian (sole director) · Amendment of the articles · Legal form clause9 facts ▸
- General meeting, 06-07-2026
- Amendment of the articles (2 times)
- Legal form clause, “société à responsabilité limitée, SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible créé en application de l’article 39, §2, deuxième alinéa, suppression” (deed in French)
- Capital conversion, “éventuels versements futurs de la part non encore libérée à ce jour du capital souscrit dans le passé inscrit sur compte “apports non appelés”, suppression vaut…” (deed in French)
- Capital
- Director resignation, VAN DER ELST Thomas Jean-Pierre Christian (manager)
- Director appointment, VAN DER ELST Thomas Jean-Pierre Christian (sole director)
About the unread acts
Of the 6 Belgian Official Gazette deeds 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.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’organisation de tous évenements et de tous projets ainsi que la prévision de tous moyen de transport, de logement, d’encadrement et la…” (deed in French)
6 activities (deed in French)
- L’organisation de tous évenements et de tous projets ainsi que la prévision de tous moyen de transport, de logement, d’encadrement et la livraison de tout materiel y relatif ;
- Elle peut également réaliser toutes opérations et activités lesquelles ont un rapport direct ou indirect avec son objet ;
- Les activités de conseil et de coaching, la création de sites web, la création de modules multi-média, l’organistion d’événements sans que cette énumération soit limitative ;
- La conception, le développement, l’hébergement et la commercialisation de tous les services et produits qui sont liés à l’objet et sans que cette énumération soit limitative ;
- L’achat, la vente, l’exportation, l’importation, la fabrication, la conception, la distribution de tout produit se rapportant au commerce en général et plus particulièrement à des activités média, des publications et des éditions sans que cette énumération soit limitavies ;
- La récolte des fonds pour des causes humanitaires ;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- INSPIRED VISION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, ARTICLE 2” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “1, AG peut mettre fin à tout moment sans préavis ni motif sauf administrateurs statutaires,sauf décision contraire AG” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- 2 provisions in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution et clôture liquidation en un seul acte possibles, article 2:80 Code des sociétés et des associations” (deed in French)