Vircosec Services
ActiveSummary
Vircosec Services has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231,039 and a net result of €26,872. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 43.93 against 37.5 in 2024; short-term debt: 2% and cash: 77.9% of total assets), and 2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98%
Return on assets
11.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
92 d late
2023
117 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
92 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 61 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 31 August (4 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€231,039▼ 40.2%
2024 · €386,603
Total assets
€235,869▼ 40.5%
2024 · €396,271
Net result
€26,872▼ 24.4%
2024 · €35,530
Working capital
€207,372▼ 41.2%
2024 · €352,854
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,864▼ 9.7%€51,240▲ 0.7%€53,702▲ 4.8%€40,812▼ 24.0%€28,500▼ 30.2%
Net result€37,578within the sector's middle half▼ 10.4%€39,183within the sector's middle half▲ 4.3%€41,504within the sector's middle half▲ 5.9%€35,530within the sector's middle half▼ 14.4%€26,872within the sector's middle half▼ 24.4%
Equity€270,386within the sector's middle half▲ 16.1%€309,569within the sector's middle half▲ 14.5%€351,073within the sector's middle half▲ 13.4%€386,603above the sector's middle half▲ 10.1%€231,039above the sector's middle half▼ 40.2%
Total assets€281,324within the sector's middle half▲ 13.2%€318,442within the sector's middle half▲ 13.2%€360,359within the sector's middle half▲ 13.2%€396,271above the sector's middle half▲ 10.0%€235,869within the sector's middle half▼ 40.5%
Debt€10,938▼ 30.2%€8,873▼ 18.9%€9,286▲ 4.7%€9,668▲ 4.1%€4,830▼ 50.0%
Working capital€270,028within the sector's middle half▲ 19.8%€308,843within the sector's middle half▲ 14.4%€305,830within the sector's middle half▼ 1.0%€352,854above the sector's middle half▲ 15.4%€207,372above the sector's middle half▼ 41.2%
Solvency96.1%above the sector's middle half▲ 2.4pp97.2%above the sector's middle half▲ 1.1pp97.4%above the sector's middle half▲ 0.2pp97.6%above the sector's middle half▲ 0.1pp98.0%above the sector's middle half▲ 0.4pp
Current ratio25.86above the sector's middle half▲ 10.4036.14above the sector's middle half▲ 10.2834.24above the sector's middle half▼ 1.9037.50above the sector's middle half▲ 3.2643.93above the sector's middle half▲ 6.43
Return on assets (ROA)13.4%within the sector's middle half▼ 3.5pp12.3%within the sector's middle half▼ 1.1pp11.5%within the sector's middle half▼ 0.8pp9.0%within the sector's middle half▼ 2.6pp11.4%within the sector's middle half▲ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235,869
Fixed assets
€23,666 ▼ 29.9%
Current assets
€212,203 ▼ 41.5%
Equity and liabilities €235,869
Equity
€231,039 ▼ 40.2%
Debt
€4,830 ▼ 50.0%
Debt's share of the balance-sheet total falls from 2.4% to 2.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40,157▼
2024 · €52,391
Cash flow
€38,529▼
2024 · €47,109
Debt to equity
0.02▼
2024 · 0.03
ROE
11.6%▲
2024 · 9.2%
Interest coverage
919.97▼
2024 · 2328.47
Debt ≤ 1 year
€4,830▼
2024 · €9,668
Income taxes
€13,699▼
2024 · €16,377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,107 | €524 | €11,656 | €11,579 | €11,657 | ▲ 0.7% |
| Other operating charges640/8 | €1,052 | €1,455 | €685 | €389 | €344 | ▼ 11.7% |
| Gross operating margin9900 | €59,023 | €53,218 | €66,043 | €52,780 | €40,500 | ▼ 23.3% |
| Operating profit (loss)9901 | €50,864 | €51,240 | €53,702 | €40,812 | €28,500 | ▼ 30.2% |
| Financial income75/76B | €5,550 | €7,454 | €7,902 | €11,118 | €12,115 | ▲ 9.0% |
| Recurring financial income75 | €5,550 | €7,454 | €7,902 | €11,118 | €12,115 | ▲ 9.0% |
| Financial charges65/66B | €101 | €44 | €57 | €23 | €44 | ▲ 94.0% |
| Recurring financial charges65 | €101 | €44 | €57 | €23 | €44 | ▲ 94.0% |
| Profit (loss) for the period before taxes9903 | €56,314 | €58,650 | €61,547 | €51,907 | €40,572 | ▼ 21.8% |
| Income taxes67/77 | €18,736 | €19,467 | €20,043 | €16,377 | €13,699 | ▼ 16.4% |
| Profit (loss) for the period9904 | €37,578 | €39,183 | €41,504 | €35,530 | €26,872 | ▼ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €37,578 | €39,183 | €41,504 | €35,530 | €26,872 | ▼ 24.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281,324 | €318,442 | €360,359 | €396,271 | €235,869 | ▼ 40.5% |
| Fixed assets21/28 | €433 | €810 | €45,328 | €33,749 | €23,666 | ▼ 29.9% |
| Tangible fixed assets22/27 | €433 | €810 | €45,328 | €33,749 | €23,666 | ▼ 29.9% |
| Plant, machinery and equipment23 | €433 | €810 | €651 | - | - | - |
| Furniture and vehicles24 | - | - | €44,677 | €33,749 | €23,666 | ▼ 29.9% |
| Current assets29/58 | €280,891 | €317,632 | €315,031 | €362,522 | €212,203 | ▼ 41.5% |
| Amounts receivable within one year40/41 | €106,722 | €136,657 | €163,487 | €189,466 | €27,628 | ▼ 85.4% |
| Trade receivables40 | €16,196 | €20,240 | €14,611 | €17,135 | €3,461 | ▼ 79.8% |
| Other amounts receivable41 | €90,526 | €116,417 | €148,876 | €172,331 | €24,168 | ▼ 86.0% |
| Cash at bank and in hand54/58 | €168,647 | €180,144 | €150,860 | €173,056 | €183,823 | ▲ 6.2% |
| Deferred charges and accrued income490/1 | €5,522 | €830 | €684 | - | €752 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281,324 | €318,442 | €360,359 | €396,271 | €235,869 | ▼ 40.5% |
| Equity10/15 | €270,386 | €309,569 | €351,073 | €386,603 | €231,039 | ▼ 40.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €264,186 | €303,369 | €344,873 | €380,403 | €224,839 | ▼ 40.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €262,326 | €301,509 | €343,013 | €378,543 | €222,979 | ▼ 41.1% |
| Amounts payable17/49 | €10,938 | €8,873 | €9,286 | €9,668 | €4,830 | ▼ 50.0% |
| Amounts payable within one year42/48 | €10,863 | €8,788 | €9,201 | €9,668 | €4,830 | ▼ 50.0% |
| Trade debts44 | €1,213 | €2,284 | €925 | €160 | €1,012 | ▲ 534% |
| Suppliers440/4 | €1,213 | €2,284 | €925 | €160 | €1,012 | ▲ 534% |
| Taxes, remuneration and social security45 | €9,650 | €6,504 | €8,276 | €9,508 | €3,818 | ▼ 59.8% |
| Taxes450/3 | €9,650 | €6,504 | €8,276 | €9,508 | €3,818 | ▼ 59.8% |
| Accrued charges and deferred income492/3 | €75 | €85 | €85 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,578 | €39,183 | €41,504 | €35,530 | €26,872 | ▼ 24.4% |
| + Depreciation and write-downs630 | €7,107 | €524 | €11,656 | €11,579 | €11,657 | ▲ 0.7% |
| Operating cash flow (approximation) | €44,684 | €39,706 | €53,161 | €47,109 | €38,529 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | -€901 | -€56,174 | €0 | -€1,574 | - |
| Change in cash | - | €11,497 | -€29,284 | €22,196 | €10,766 | ▼ 51.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €26,872 ▼24.4%
Net result drops to €26,872, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 117 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €41,933 ▲17%
Net result €41,933, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 15.45
Current ratio from 6.04 to 15.45; short-term debt falls from €35,191 to €15,590.
31-12
Financial
Equity above €200,000Eq €232,808 ▲22%
3 profitable years in a row build equity to €232,808.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zaventem · 1 establishment unit since 2011
Ground area
8,267 m²
Building footprint
1,587 m²
Volume, LiDAR
44,497 m³
Parcel 23078C0192/00E000, Flanders · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Lenneke Marelaan 20, 1932 Zaventem
since 20112.196.607.857
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078C0192/00E000 | Flanders | 8,267 m² | 1 · 1,587 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 14,373 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833909691
Also
9925:BE0833909691
Registered
27-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.