PROGRAMMADS
Group
VIRTUOLOGY INTERNATIONAL has 18 holdings in 6 countries (2025 accounts)Belgium 7 Year Equity Result
- BE Programmads 2025€562,976 result €374,579 (2025)
- BE blue2purple 2025€447,901 result €321,197 (2025)
- BE MKKM70% 2025€311,609 result -€43,308 (2025)
- BE Smartelia 2025€27,577 result €52,824 (2025)
- BE Mobilosoft 2025-€17,993 result -€127,329 (2025)
- BE Virtuology Academyno longer active 2025-€31,306 result -€10,844 (2025)
- BE Etail Silk Road 2025-€1.1m result €123,042 (2025)
Europe 7 Year Equity Result
- FR Smartelia France 2024€19,440 result €8,440 (2024)
- ES Virtuology Spain 2023€15,146 result €21,623 (2023)
- FR Mobilosoft SARL22% 2024-€20,782 result -€59,007 (2024)
- FR Programmads France 2024-€81,564 result €113,049 (2024)
- FR ETAIL DISTRIBUTION 2024-€593,047 result -€506,686 (2024)
- FR Skeelz50% 2024-€598,753 result -€206,971 (2024)
- FR DIALTY - YUVA70.01% 2023-€1.0m result -€36,288 (2023)
Africa 4 Year Equity Result
- MU Smartelia Maurice 2024€150,092 result €114,788 (2024)
- MG Lily.mg50% 2018MGA 2.0m result MGA 0 (2018)
- MG Smartelia Madagascarvia 100% 2024MGA 1.38bn result MGA 445.1m (2024)
- MA Virtuocode 2024-MAD 471,791 result -MAD 722,095 (2024)
Source: list of holdings in the 2025 accounts of VIRTUOLOGY INTERNATIONAL. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group VIRTUOLOGY INTERNATIONAL Group, risk and exposureAt the same address
Vorstlaan 25, 1170 Watermael-Boitsfort · 139 other companies| MSD BELGIUM
registered office since 05-07-2010 · founded in 1969 |
172 FTE (2025) 0406.820.770 |
| Unibra
registered office since 01-02-1960 · founded in 1968 |
turnover €3.7m (2025) 0402.833.179 |
| UNIBRA REAL ESTATE
registered office since 01-12-2015 · founded in 2013 · group Unibra |
turnover €2.2m (2025) 0515.992.488 |
| MSD Europe Belgium
registered office since 19-06-2023 · founded in 2023 |
158 FTE (2025) 0802.868.505 |
| Zubisko Trading
registered office since 21-12-2021 · founded in 2021 |
total assets €54.9m (2025) 0779.437.956 |
| EPAM Systems Belgium
registered office since 28-12-1998 · founded in 1998 |
turnover €2.9m (2025) 0464.812.221 |
| MSD Animal Health
registered office since 03-02-2000 · founded in 1994 |
55 FTE (2025) 0453.699.385 |
| STEUNFONDS MARGUERITE-MARIE DELACROIX
registered office since 26-05-1988 · founded in 1988 |
total assets €49.7m (2025) 0436.540.877 |
| SL BELGIUM
establishment since 11-03-2025 · founded in 2010 |
34 FTE (2025) 0831.920.104 |
| AVILO CAPITAL
establishment since 15-05-2009 · founded in 2009 · accounts filed late |
total assets €32.5m (2024) 0811.754.990 |
Earlier ties
| MOBILOSOFT via VIRTUOLOGY INTERNATIONAL, at PROGRAMMADS, last mentioned in 2025 · Director · deed of 03-03-2023 founded in 2010 · negative equity (2025) · group VIRTUOLOGY INTERNATIONAL |
2.3 FTE (2025) |
| BLUE 2 PURPLE via VIRTUOLOGY INTERNATIONAL, at PROGRAMMADS, last mentioned in 2025 · Director · deed of 27-09-2023 founded in 2008 · group VIRTUOLOGY INTERNATIONAL |
4.3 FTE (2025) |
| MKKM via VIRTUOLOGY INTERNATIONAL, at PROGRAMMADS, last mentioned in 2025 · Managing director · deed of 06-01-2023 founded in 2017 · group VIRTUOLOGY INTERNATIONAL |
5.3 FTE (2025) |
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