Financials
- Fiscal year
- 2025
- Total assets
- €7.1m
- Loss
- -€185,554
- Solvency
- 14.7%
Turnover
Net result
20212024
VIRAGE
ActiveSummary
VIRAGE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of -€185,554. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 12% of 817 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25999NACE 28755
#3 company by total assets in Ciney, Manufacturing sector1 site
Size
€7.1mtotal assets 2025
- Staff
- 21 FTE
- Equity
- €1.0m
- Loss
- -€185,554
Structure
- Parent
- AV2C MANAGEMENT · 75%
- Board
- 4 members
Accounts 22 d early1 of 13 deeds read
Why 66- Equity €1.0m (14.7% of total assets)- Liquidity: current ratio 1.17, cash €361,550- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)- Loss of €185,554 (FY 2025)Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 14% of its sector peers (NACE 25, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
40-4
equity 14.7% of total assets
Liquidity
27=
short-term debt 56.3% · cash 5.1%
Profitability
24-14
return on assets -2.6%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.2%● 0.0% vs 11-2024lowest value
01-2025: 0.2%● 0.0% vs 12-2024lowest value
02-2025: 0.2%▲ +5.0% vs 01-2025
03-2025: 0.2%● 0.0% vs 02-2025
04-2025: 0.3%▲ +12.5% vs 03-2025
05-2025: 0.3%▲ +4.2% vs 04-2025
06-2025: 0.3%▲ +17.3% vs 05-2025
07-2025: 0.4%▲ +39.5% vs 06-2025
08-2025: 0.7%▲ +59.3% vs 07-2025
09-2025: 0.7%● 0.0% vs 08-2025
10-2025: 0.7%● 0.0% vs 09-2025
11-2025: 0.7%● 0.0% vs 10-2025
12-2025: 0.7%● 0.0% vs 11-2025
01-2026: 0.7%● 0.0% vs 12-2025
02-2026: 0.7%● 0.0% vs 01-2026
03-2026: 0.7%▲ +1.7% vs 02-2026
04-2026: 0.8%▲ +10.3% vs 03-2026
05-2026: 0.8%▲ +4.0% vs 04-2026
06-2026: 0.9%▲ +3.3% vs 05-2026
07-2026: 0.9%▲ +9.5% vs 06-2026highest value
08-2026: 0.8%▼ -11.4% vs 07-2026
09-2026: 0.8%● 0.0% vs 08-2026
10-2026: 0.8%● 0.0% vs 09-2026
- Equity €1.0m (14.7% of total assets) raises the probability
- Liquidity: current ratio 1.17, cash €361,550 raises the probability
- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
- Loss of €185,554 (FY 2025) raises the probability
Credit up to €65,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.35 in 2024; short-term debt: 56.3% and cash: 5.1% of total assets), and 85.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, small). Better than this share of them on solvency 12%, liquidity 19%, profitability 12%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 817 sector peers (2025).
NBB · sector comparisonPosition among 817 sector peers
Solvency
better than 12%
← weakest
strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
22 d early
2023
26 d early
2022
31 d early
2021
25 d early
2020
24 d early
2019
41 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Reappointments: Somasign S.A., Si-Hbel S.A. and…Permanent representative: Thami LARAKI
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€185,554
Key points
- Caution: From profit to loss in 2025after €14,017 in 2024 -€185,554 View
- Caution: Among the weakest 12% on net resultsector median €81,282 · 817 companies -€185,554 View
- Controlled by AV2C MANAGEMENTknown shareholders 100% 75% View
- Positive: Always filed on timeaccounts within the deadline every year 6 years View
By topic
Board & ownership
- Board
- 4 members
- Parent
- AV2C MANAGEMENT · 75%
- Known shareholders
- 100%
Go to Board & ownership
Network & group
- Group
- SOMASIGN
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 21-09-2026Reappointments: Somasign S.A., Si-Hbel S.A. and 2…
- 09-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of fabricated metal products, except machinery and…NACE 25999
- Founded
- 23-01-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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