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Virago Tech

Active Private limited companyfounded 2017active for 9 yearsWérystraat 14, 1050 IxellesKBO/BCE: BE 0674.458.024
Virago Tech
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Overview

Lifetime

9 annual accounts with figures on one time axis
Gross marginpeak €83,262 (2025)
€83,262▲ 0.4%
Resultpeak €50,008 (2018)
€27,387▲ 9.8%
Equitypeak €126,762 (2019)
€20,460▼ 32.8%
Debts
€64,654▲ 4.0%
Documentsfilings and deeds
29-05-202663 days before the deadline
2025micro format
Dividend €37,387Equity from €30,460 to €20,460

Key points

from the 2025 annual accounts

Equity

€20,460 from €126,762 in 2019

Equity fell by 84% in 6 years.

Turnover

≈ €250,000 estimated

The micro format states no turnover.

Filings

9 annual accounts 3 late
AprilJune31 JulyOctober20202025

The 2017 accounts came latest: 30 days after the end of the period.

Checked score

92
Excellent
Financially stronger than 35% of micro companies in computing infrastructure and information services (NACE 63)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 2,947 companies (NACE 63, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025highest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Average

Solvency
42-7equity 17.3% of total assets
Liquidity
76-8short-term debt 48.3% · cash 64.7%
Profitability
68-7return on assets 23.2%

Score breakdown

raises risk
Equity €20,460 (17.3% of total assets)
lowers risk
Liquidity: current ratio 1.68, cash €76,543
Sector: Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
Size: total assets €118,257
Calculation

The band follows from the bankruptcy probability. 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 63, micro). It does better than 24% of them on solvency, 64% on liquidity, 33% on profitability and 19% on growth.

The bankruptcy probability was computed on 05-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,713 companies had the same profile as Virago Tech has now. Each dot stands for 17 companies, two years later.

95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

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

The bankruptcy probability of Virago Tech itself is lower: 0.1% within 12 months. It rests on far more data about Virago Tech than the profile alone.

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 6,713 companies, not a prediction for Virago Tech. 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.

Credit verdict

Credit of up to €1,500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.68 (2.04 in 2024), above the usual 1.5. Short-term debt is 48.3% and cash 64.7% of total assets. However, 82.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.68, cash €76,543
NBB · annual accounts
lowers risk · Sector: Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
KBO
lowers risk · Size: total assets €118,257
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €20,460 (17.3% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2300 sector peers (2025).
NBB · sector comparison
Position among 2300 sector peers
Solvency
better than 22%
← 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 29-05-2026, 63 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
63 days early
2024
114 days early
2023
99 days early
2022
6 days early
2021
4 days late
2020
103 days early
2019
24 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 51 days before the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 May (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0674458024
Registered office moved within Brussels New registered office: Rue Wéry n°14 à 1050 Bruxelles · Previous registered office: Rue César Franck, n°14 à 1050 Bruxelles · General meeting of 11-03-2021 · Gazette deed
Incorporation published on 13-04-2017 · Gazette deed
First establishment Wérystraat 14, Ixelles
All 17 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
Virago Tech Ixelles €118,257 €83,262 17.3% -
Philip Minnaert Kruisem €117,848 €77,115 74.4% -
BEEV Begijnendijk €125,946 €70,570 63.7% -
FLOWSEC Hoeilaart €134,488 €86,355 56.0% -
HYPERTEC Houthulst €98,864 €78,030 26.0% -
SMAKS Herent €112,881 €104,467 7.2% -
CODEMASH Laarne €108,202 €79,138 17.2% -

These companies have the same main activity as Virago Tech: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €98,900 and €134,000, founded between 2015 and 2018.

Official details

Source: KBO
Status
Active since 11-04-2017Normal situation
Activity
Computing infrastructure, data processing, hosting and related activitiesNACE 63100and 3 others
Establishment unit
2.263.982.0771050 Ixelles, since 11-04-2017
Financial year end
31 December
Peppol
Reachable since 24-11-2023
Company details

Annual accounts 2025

Gross margin
€83,262▲ 0.4%
Profit
€27,387▲ 9.8%
Equity
€20,460▼ 32.8%
Total assets
€118,257▼ 5.2%
Filing
Filed on 29-05-2026, 63 days before the end of the filing period
Financials

Insights on Virago Tech

Virago Tech files the micro format. That format states no turnover. The gross margin rose from €57,231 in 2017 to €83,262 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 29-05-2026, 63 days before the deadline
Gross margin
€83,262
▲ 0.4%
Operating result
€69,109
▲ 29.0%
Profit
€27,387
▲ 9.8%
Working capital
€39,042
▼ 15.4%
Solvency
17.3%
▼ 7.1 percentage points
Current ratio
1.68
▼ 0.35

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €250,000. Estimated: probably between €170,000 and €430,000.

Balance sheet

balance sheet total €118,257 on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency17.3%

Higher than 22% of 2,300 companies in 2025.

Current ratio1.68

Higher than 41% of 2,197 companies in 2025.

Return on assets23.2%

Higher than 63% of 2,231 companies in 2025.

Virago Tech Middle half of the sector 80% of the sector Micro accounts in computing infrastructure and information services (NACE 63)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
Total assets20/58 118,257124,750131,872173,718104,904224,839156,153109,33165,491
Fixed assets21/28 22,15534,09546,97659,0424,4198,615342541-
Tangible fixed assets22/27 22,15534,09546,97659,0424,4198,615342541-
Furniture and vehicles24 22,15534,09546,97659,0424,4198,615342541-
Current assets29/58 96,10290,65684,896114,676100,485216,225155,811108,79065,491
Amounts receivable within one year40/41 19,43616,62915,73027,88117,02315,97229,04027,98929,297
Trade receivables40 16,92316,27215,73022,02216,69815,97229,04027,95129,297
Other amounts receivable41 2,513357-5,859325--38-
Cash at bank and in hand54/58 76,54366,06567,87385,59182,340198,170125,12180,80136,194
Deferred charges and accrued income490/1 1237,9621,2931,2051,1232,0821,650--
Balance sheet: equity and liabilities
Total equity and liabilities10/49 118,257124,750131,872173,718104,904224,839156,153109,33165,491
Equity10/15 20,46030,46030,46030,46050,46040,460126,76288,71738,709
Contributions10/11 18,60018,60018,60018,60018,60018,6006,2006,2006,200
Issued capital100 ------18,60018,60018,600
Uncalled capital101 ------12,40012,40012,400
Reserves13 1,86011,86011,86011,86011,8601,8601,8601,8601,860
Legal reserve130 ------1,8601,8601,860
Distributable reserves133 1,86011,86011,86011,86011,8601,860---
Profit (loss) carried forward14 ----20,00020,000118,70280,65730,649
Provisions and deferred taxes16 33,14332,12716,114------
Provisions for liabilities and charges160/5 33,14332,12716,114------
Other liabilities and charges164/5 33,14332,12716,114------
Amounts payable17/49 64,65462,16385,298143,25854,444184,37929,39120,61426,782
Amounts payable after more than one year17 7,59417,66727,68237,637-428---
Financial debts170/4 7,59417,66727,68237,637-428---
Amounts payable within one year42/48 57,06044,49657,617105,62154,444183,77029,25220,61426,782
Current portion of amounts payable after more than one year42 10,07310,0149,9569,8974285,080---
Trade debts44 795104435897722,96615,3916,331
Suppliers440/4 795104435897722,96615,3916,331
Taxes, remuneration and social security45 13,16913,09114,34320,0666,36035,8053,0052,7499,212
Taxes450/3 13,16913,09114,34320,0666,36033,6533,0052,7499,212
Remuneration and social security454/9 -----2,152---
Other amounts payable47/48 33,02321,38133,27375,62347,569142,8083,2812,47411,239
Accrued charges and deferred income492/3 -----182139--
Income statement
Gross operating margin9900 83,26282,90482,27362,53562,54867,00851,09864,64357,231
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 12,72812,88212,7044,1184,1953,88619956-
Provisions for liabilities and charges: additions (uses and reversals)635/8 1,01616,01316,114------
Other operating charges640/8 409421429499477793410402186
Non-recurring operating charges66A --1------
Operating profit (loss)9901 69,10953,58853,02657,91857,87662,33050,48964,18657,045
Financial income75/76B ----1--440
Recurring financial income75 ----1--440
Financial charges65/66B 33,73517,49955715,14977058527570301
Recurring financial charges65 33,73517,49955715,14977058527570301
Profit (loss) for the period before taxes9903 35,37436,08852,46942,77057,10761,74450,21464,16056,745
Income taxes67/77 7,98711,14314,5089,46613,67513,34311,35814,15118,236
Profit (loss) for the period9904 27,38724,94537,96133,30443,43248,40238,85750,00838,509
Profit (loss) for the period to be appropriated9905 27,38724,94537,96133,30443,43248,40238,85750,00838,509
Appropriation of the result
Profit (loss) to be appropriated9906 27,38724,94537,96153,30463,432167,103119,51480,65738,509
Profit (loss) brought forward from the previous period14P ---20,00020,000----
Transfer from equity791/2 10,000--------
Transfer to equity691/2 ----10,000---1,860
To the legal reserve6920 --------1,860
To other reserves6921 ----10,000----
Profit to be distributed694/7 37,38724,94537,96153,30433,432147,103812-6,000
Return on contributions (dividend)694 37,38724,94537,96153,30433,432147,103812--
Directors or managers695 --------6,000
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 29-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-05-2026 2026-00129783 PDF
31-12-2024 micro format 08-04-2025 2025-00067301 PDF
31-12-2023 micro format 23-04-2024 2024-00073054 PDF
31-12-2022 micro format 25-07-2023 2023-00287666 PDF
31-12-2021 micro format 04-08-2022 2022-20273005 PDF
31-12-2020 micro format 19-04-2021 2021-10600391 PDF
31-12-2019 micro format 24-08-2020 2020-44100512 PDF
31-12-2018 micro format 03-06-2019 2019-15400008 PDF
31-12-2017 micro format 30-08-2018 2018-56100274 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
EBITDA 81,83766,46965,73062,03662,07166,21650,68864,242-
Cash flow 40,11537,82650,66537,42247,62752,28839,05650,064-
Investment in fixed assets (approximation) 789063962,870012,1590597-
Change in cash 10,479-1,808-17,7183,251-115,83073,04944,32044,607-
Working capital 39,04246,16027,2799,05546,04132,455126,55988,17638,709
Solvency 17.3%24.4%23.1%17.5%48.1%18.0%81.2%81.1%59.1%
Current ratio 1.682.041.471.091.851.185.335.282.45
Debt to equity 3.162.042.804.701.084.560.230.230.69
ROE 133.9%81.9%124.6%109.3%86.1%119.6%30.7%56.4%99.5%
ROA 23.2%20.0%28.8%19.2%41.4%21.5%24.9%45.7%58.8%
Interest coverage 2.433.80over 1004.1080.64----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€789-€639€62,870-
Depreciation and write-downs of the year€12,728€12,882€12,704€4,118€4,195

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Virago Tech

The operating result for 2025 is 29% higher than in 2024 and the highest since 2017. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 49.8% to 54.7%. Equity is lower and debt is higher.

Timeline

Timeline

17 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 63 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 114 days before the deadline
2024
Weakest financial year net €24,945 ▼34.3% The net result drops to €24,945, the lowest from 2017 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 99 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0674458024
Annual accounts 2022 filed PDFmicro format · 6 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 4 days late
2021
Registered office moved within BrusselsNew registered office: Rue Wéry n°14 à 1050 Bruxelles · Previous registered office: Rue César Franck, n°14 à 1050 Bruxelles · General meeting of 11-03-20212 points ▸
  • General meeting, 11-03-2021
  • Registered-office move, Rue Wéry n°14 à 1050 Bruxelles
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFmicro format · 103 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 24 days late
2019
Equity above €100,000 equity €126,762 ▲42.9% With a profit in every financial year since 2017, equity grows to €126,762.
Annual accounts 2018 filed PDFmicro format · 58 days before the deadline
2018
Highest result from 2017 to 2025 net €50,008 ▲29.9% The net result of €50,008 is the highest of those years.
Liquidity more than doubled current ratio 5.28 The current ratio rises from 2.45 to 5.28. Short-term debt falls from €26,782 to €20,614.
Annual accounts 2017 filed PDFmicro format · 30 days late
2017
Incorporation PDFpublished on 13-04-2017
First establishment Wérystraat 14, Ixelles

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 11 April 2017, Virago Tech was incorporated.1 In 2021 the registered office moved to Brussels.2 Total assets went from €109,331 in 2018 to €118,257 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 12-05-2021
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0674.458.024
VAT number
BE 0674.458.024
Peppol ID
0208:0674458024
Other Peppol ID
9925:BE0674458024
LEI code
984500909B2DECFB1C92 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
11-04-2017
Financial year
ends on 31 December
Peppol
Reachable since 24-11-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Virago Tech in French
Entity type
Legal entity

Activities

NACEBEL 2025
63100 Computing infrastructure, data processing, hosting and related activities main activity
62100 Computer programming
62200 Computer consultancy and computer facilities management
62900 Other information technology and computer services
Codes under NACEBEL 2008
63110 Computing infrastructure, data processing, hosting and other information service activities main activity
62010 Computer programming, consultancy and related activities
62020 IT consultancy
62090 Computer programming, consultancy and related activities

Registered office and establishments

1 establishment
Establishment Since Unit number
Wérystraat 14 registered office 1050 Ixelles 46500 Wholesale of information and communication equipment 11-04-2017 2.263.982.077

Buildings and parcels at the address

Ground area
102 m²
Buildings
65 m²
Volume, LiDAR
691 m³
Tallest building
15.7 m
Buildings to scale, each on its own parcel
65 m², 15.7 m 65 m², 15.7 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21443A0103/00R002102 m² 1 · 65 m² 15.7 m · 4

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