VICTORY-MED

Active

Public limited companyfounded 199234 yrs activeIlgatlaan 9, 3500 Hasselt, BelgiumKBO/BCE: BE 0447.300.850

The file of VICTORY-MED contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.3% (very low). The 2024 annual accounts show negative equity (€-616k) and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 19357 sector peers (fiscal year 2024).

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Checked score

Score 2024

39 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability35▼-10

Solvency0=

Growth32▼-26

Track record85

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.72 against 0.72 in 2023; short-term debt: 139.7% and cash: 0.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

-39.8%

Return on assets

-1.2%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-616k

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

23 d early

2022

70 d late

2021

31 d late

2020

12 d late

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-616k▼ 3.0%

2023 · €-598k

2018: €53k 2019: €29k 2020: €52k 2021: €42k 2022: €-645k 2023: €-598k

2018 → 2024

Total assets

€1.55M▲ 0.1%

2023 · €1.55M

2018: €1.81M 2019: €1.82M 2020: €1.81M 2021: €1.81M 2022: €1.56M 2023: €1.55M

2018 → 2024

Net result

€-18k

2023 · €47k

2018: €-6k 2019: €-24k 2020: €23k 2021: €-10k 2022: €-687k 2023: €47k

2018 → 2024

Working capital

€-615k▼ 2.8%

2023 · €-598k

2018: €-130k 2019: €-150k 2020: €-123k 2021: €-129k 2022: €-645k 2023: €-598k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€52k-€42k▼ 19.4%€-645k€-598k▲ 7.3%€-616k▼ 3.0%

Operating result€24k-€-10k€-192k▼ 1,810%€-29k▲ 84.9%€-17k▲ 42.3%

Net result€23k-€-10k€-687k▼ 6,714%€47k€-18k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €17k in 2024 against €29k in 2023; the loss shrinks.

Key figures and ratios

2024 value · change against 2023

Solvency

-39.8%▼

2023 · -38.7%

Current ratio

0.72▼

2023 · 0.72

Quick ratio

0.72▼

2023 · 0.72

Debt / equity

-3.51▲

2023 · -3.58

ROA

-1.2%▼

2023 · 3.0%

Debt

€2.16M▲

2023 · €2.14M

Debt ≤ 1 year

€2.16M▲

2023 · €2.14M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.55M€1.55M▲

Current assets29/58€1.55M€1.55M▲

Amounts receivable within one year40/41€1.55M€1.55M▲

Other amounts receivable41€1.55M€1.55M▲

Cash at bank and in hand54/58€819€1k▲

Deferred charges and accrued income490/1€359€297▼

Equity and liabilities

Total equity and liabilities10/49€1.55M€1.55M▲

Equity10/15€-598k€-616k▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€55k€55k=

Non-distributable reserves130/1€3k€3k=

Legal reserve130€3k€3k=

Distributable reserves133€52k€52k=

Profit (loss) carried forward14€-715k€-733k▼

Amounts payable17/49€2.14M€2.16M▲

Amounts payable within one year42/48€2.14M€2.16M▲

Financial debts43€1.29M€1.33M▲

Other loans439€1.29M€1.33M▲

Trade debts44€347k€329k▼

Suppliers440/4€347k€329k▼

Taxes, remuneration and social security45€508k€508k=

Taxes450/3€508k€508k=

Accrued charges and deferred income492/3-€2k

Income statement Code20232024

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-50k-

Other operating charges640/8€50k-

Gross operating margin9900€-29k€-17k▲

Operating profit (loss)9901€-29k€-17k▲

Financial income75/76B€76k€24▼

Recurring financial income75€76k€24▼

Non-recurring financial income76B€76k-

Financial charges65/66B€118€2k▲

Recurring financial charges65€118€2k▲

Profit (loss) for the period before taxes9903€47k€-18k▼

Profit (loss) for the period9904€47k€-18k▼

Profit (loss) for the period to be appropriated9905€47k€-18k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-715k€-733k▼

Profit (loss) brought forward from the previous period14P€-762k€-715k▲

Download as CSV

Timeline · acts, filings and financial milestones

All 15Signals 2Financial 3Filings 10

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

08-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €47k

Net result €47k after 2 loss-making years.

09-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 70 days late

01-02

Bankruptcy Bankruptcy reversal

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · VICTORY-MED NV GENKERSTEENWEG 470, 3500 HASSELT · event 19-01-2023

2022

31-12

Financial Weakest financial yearnet €-687k

Net result drops to €-687k, the lowest in the series; recovery starts the following year.

07-12

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · VICTORY-MED NV GENKER- STEENWEG 470, 3500 HASSELT · event 01-12-2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

12-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 12 days late

2020

31-12

Financial Back to profitnet €23k

Net result €23k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

14-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 14 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 30 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 31 days late

2016

30-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 30 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Hasselt · 1 establishment unit since 1992

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ilgatlaan 93500 Hasselt

Ground area

1,389 m²

Building footprint

471 m²

Volume, LiDAR

7,569 m³

Parcel 71328D0376/00F000, Flanders · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

Ilgatlaan 9, 3500 Hasselt

NACE 51450

since 19922.057.872.024

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71328D0376/00F000	Flanders	1,389 m²	1 · 471 m²	18.2 m · 6 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	THEO MACOURS EERSELS 56, 3980 TESSENDERLO-	01-12-2022 → present

Similar companies · same sector, comparable size

CJP Project Engineering

Herk-de-Stad · Eq €42k

Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 4,722 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded27-04-1992

Fiscal year end31-12

Activities, NACEBEL

68310Real estate agency activities

68311Real estate activities

70311

Sources

Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.