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VIALUCE

Active
Private limited companyfounded 2022active for 3 yearsPlace Sainte-Marguerite 4B, 5004 Namur, BelgiumKBO/BCE: BE 0793.950.443

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447124.

Annual accounts 2025 filed on 28-08-2026 at the NBB

Turnover
€2,008
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€2,590
Working capital
-€107
Balance-sheet composition
Assets €21,616
Fixed assets €5,920
Current assets €15,696
Equity and liabilities €23,212
Equity €7,410
Debt €15,803
Debt's share of the balance-sheet total is 68.1%.
Key figures and ratios
2025 value
EBITDA
-€1,422
Cash flow
-€1,673
Current ratio
0.99
Quick ratio
0.34
Debt to equity
2.13
ROE
-35.0%
ROA
-11.2%
Interest coverage
-7.07
Debt ≤ 1 year
€15,803
Income taxes
€50
Customer credit
0 days
Supplier credit
1012 days

Staff

social balance sheet
Item31-12-2025
Employees at the balance-sheet date0
full-time0
part-time0
in full-time equivalents0
Average over the year, in full-time equivalents0

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item2025
Tangible fixed assets€5,620
Intangible fixed assets€300
Depreciation and write-downs of the year€917

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 44 lines
Balance sheet Code2025
Assets
Total assets20/58€23,212
Formation expenses20€1,596
Fixed assets21/28€5,920
Intangible fixed assets21€300
Tangible fixed assets22/27€5,620
Land and buildings22€0
Plant, machinery and equipment23€5,620
Furniture and vehicles24€0
Leasing and similar rights25€0
Other tangible fixed assets26€0
Current assets29/58€15,696
Amounts receivable after more than one year29€0
Trade receivables290€0
Stocks and contracts in progress3€10,265
Stocks30/36€10,265
Amounts receivable within one year40/41€3,895
Trade receivables40€0
Other amounts receivable41€3,895
Cash at bank and in hand54/58€1,536
Equity and liabilities
Total equity and liabilities10/49€23,212
Equity10/15€7,410
Contributions10/11€10,000
Capital10€10,000
Issued capital100€10,000
Profit (loss) carried forward14-€2,590
Amounts payable17/49€15,803
Amounts payable within one year42/48€15,803
Trade debts44€9,509
Suppliers440/4€9,509
Taxes, remuneration and social security45€1,236
Taxes450/3€1,236
Other amounts payable47/48€5,058
Income statement Code2025
Turnover70€2,008
Goods, raw materials, services and sundry goods60/61€3,431
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€917
Gross operating margin9900-€1,422
Operating profit (loss)9901-€2,339
Financial charges65/66B€201
Recurring financial charges65€201
Profit (loss) for the period before taxes9903-€2,540
Income taxes67/77€50
Profit (loss) for the period9904-€2,590
Profit (loss) for the period to be appropriated9905-€2,590
Appropriation of the result
Profit (loss) to be appropriated9906-€2,590

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Line2025
Turnover70€2,008
Goods, raw materials, services and sundry goods60/61€3,431
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€917
Gross operating margin9900-€1,422
Operating profit (loss)9901-€2,339
Financial charges65/66B€201
Recurring financial charges65€201
Profit (loss) for the period before taxes9903-€2,540
Income taxes67/77€50
Profit (loss) for the period9904-€2,590
Profit (loss) for the period to be appropriated9905-€2,590
Line2025
Assets
Total assets20/58€23,212
Formation expenses20€1,596
Fixed assets21/28€5,920
Intangible fixed assets21€300
Tangible fixed assets22/27€5,620
Land and buildings22€0
Plant, machinery and equipment23€5,620
Furniture and vehicles24€0
Leasing and similar rights25€0
Other tangible fixed assets26€0
Current assets29/58€15,696
Amounts receivable after more than one year29€0
Trade receivables290€0
Stocks and contracts in progress3€10,265
Stocks30/36€10,265
Amounts receivable within one year40/41€3,895
Trade receivables40€0
Other amounts receivable41€3,895
Cash at bank and in hand54/58€1,536
Equity and liabilities
Total equity and liabilities10/49€23,212
Equity10/15€7,410
Contributions10/11€10,000
Capital10€10,000
Issued capital100€10,000
Profit (loss) carried forward14-€2,590
Amounts payable17/49€15,803
Amounts payable within one year42/48€15,803
Trade debts44€9,509
Suppliers440/4€9,509
Taxes, remuneration and social security45€1,236
Taxes450/3€1,236
Other amounts payable47/48€5,058
Line2025
Profit (loss) for the period9904-€2,590
+ Depreciation and write-downs630€917
Operating cash flow (approximation)-€1,673

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 3,223 companies had the same profile as VIALUCE has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
87.8% was still going
8.7% stopped otherwise
3.4% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VIALUCE itself: 2.4% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,223 companies, not a prediction for VIALUCE. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 28-08-2026 2026-00447124 PDF

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