Virdem
ActiveSummary
The computed 12-month bankruptcy probability of Virdem is 1.7% (moderate). For Virdem, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€37,584) and a net result of -€25,068. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 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 2023Solvency, return and age of the figures
Solvency
-33.1%
Return on assets
-22.1%
Age of the figures
33 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-11-2024, 94 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
94 d late
2022
92 d late
2021
177 d late
2020
40 d early
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 70 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€25,068▼ 18.1%
2022 · -€21,229
Working capital
-€144,183▼ 7.5%
2022 · -€134,185
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€2,412▼ 27.9%€2,794▲ 15.8%-€3,627-€21,171▼ 484%-€24,758▼ 16.9%
Net result€2,288▼ 30.2%€1,858▼ 18.8%-€3,749-€21,229▼ 466%-€25,068▼ 18.1%
Equity€10,603▲ 27.5%€12,461▲ 17.5%€8,712▼ 30.1%-€12,517-€37,584▼ 200%
Total assets€71,491▼ 8.9%€70,016▼ 2.1%€67,025▼ 4.3%€129,235▲ 92.8%€113,420▼ 12.2%
Debt€60,887▼ 13.2%€57,555▼ 5.5%€58,312▲ 1.3%€141,751▲ 143%€151,004▲ 6.5%
Working capital-€31,500▲ 15.7%-€26,421▲ 16.1%-€42,618▼ 61.3%-€134,185▼ 215%-€144,183▼ 7.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,758 in 2023 against €21,171 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €113,420
Fixed assets
€106,599 ▼ 12.4%
Current assets
€6,821 ▼ 9.9%
Key figures and ratios
EBITDA
-€9,689▼
2022 · -€8,312
Cash flow
-€9,999▼
2022 · -€8,370
Solvency
-33.1%▼
2022 · -9.7%
Current ratio
0.05▼
2022 · 0.05
Debt to equity
-4.02▲
2022 · -11.32
ROA
-22.1%▼
2022 · -16.4%
Interest coverage
-31.25▲
2022 · -64.75
Debt ≤ 1 year
€151,004▲
2022 · €141,751
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,575 | €3,646 | €3,609 | €12,859 | €15,069 | ▲ 17.2% |
| Other operating charges640/8 | - | - | €2,621 | €3,507 | €3,296 | ▼ 6.0% |
| Gross operating margin9900 | €5,987 | €6,440 | €2,603 | -€4,805 | -€6,392 | ▼ 33.0% |
| Operating profit (loss)9901 | €2,412 | €2,794 | -€3,627 | -€21,171 | -€24,758 | ▼ 16.9% |
| Financial charges65/66B | - | - | €65 | €128 | €310 | ▲ 142% |
| Recurring financial charges65 | €70 | €93 | €65 | €128 | €310 | ▲ 142% |
| Profit (loss) for the period before taxes9903 | €2,342 | €2,702 | -€3,692 | -€21,299 | -€25,068 | ▼ 17.7% |
| Income taxes67/77 | €54 | €844 | €57 | -€70 | - | - |
| Profit (loss) for the period9904 | €2,288 | €1,858 | -€3,749 | -€21,229 | -€25,068 | ▼ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €2,288 | €1,858 | -€3,749 | -€21,229 | -€25,068 | ▼ 18.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,491 | €70,016 | €67,025 | €129,235 | €113,420 | ▼ 12.2% |
| Fixed assets21/28 | €42,104 | €38,882 | €51,330 | €121,668 | €106,599 | ▼ 12.4% |
| Tangible fixed assets22/27 | €42,104 | €38,882 | €51,330 | €121,668 | €106,599 | ▼ 12.4% |
| Land and buildings22 | - | - | €34,706 | €31,731 | €28,756 | ▼ 9.4% |
| Plant, machinery and equipment23 | - | - | €16,411 | €89,863 | €77,843 | ▼ 13.4% |
| Furniture and vehicles24 | - | - | €213 | €73 | - | - |
| Current assets29/58 | €29,387 | €31,135 | €15,694 | €7,567 | €6,821 | ▼ 9.9% |
| Amounts receivable within one year40/41 | €5,500 | €5,500 | €5,500 | €7,500 | €5,500 | ▼ 26.7% |
| Trade receivables40 | - | - | €5,500 | €7,500 | €5,500 | ▼ 26.7% |
| Cash at bank and in hand54/58 | €23,370 | €25,101 | €9,640 | €67 | €657 | ▲ 883% |
| Deferred charges and accrued income490/1 | - | - | €555 | - | €664 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,491 | €70,016 | €67,025 | €129,235 | €113,420 | ▼ 12.2% |
| Equity10/15 | €10,603 | €12,461 | €8,712 | -€12,517 | -€37,584 | ▼ 200% |
| Contributions10/11 | €123,950 | €123,950 | €123,950 | €123,950 | €123,950 | = |
| Capital10 | - | - | €123,950 | €123,950 | - | - |
| Issued capital100 | - | - | €123,950 | €123,950 | - | - |
| Outside capital11 | - | - | - | - | €123,950 | - |
| Other1109/19 | - | - | - | - | €123,950 | - |
| Profit (loss) carried forward14 | -€113,346 | -€111,488 | -€115,237 | -€136,466 | -€161,534 | ▼ 18.4% |
| Amounts payable17/49 | €60,887 | €57,555 | €58,312 | €141,751 | €151,004 | ▲ 6.5% |
| Amounts payable within one year42/48 | €60,887 | €57,555 | €58,312 | €141,751 | €151,004 | ▲ 6.5% |
| Trade debts44 | - | €92 | €348 | €839 | €4,107 | ▲ 389% |
| Suppliers440/4 | - | - | €348 | €839 | €4,107 | ▲ 389% |
| Taxes, remuneration and social security45 | - | - | €898 | - | - | - |
| Taxes450/3 | - | - | €898 | - | - | - |
| Other amounts payable47/48 | - | - | €57,067 | €140,912 | €146,897 | ▲ 4.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,288 | €1,858 | -€3,749 | -€21,229 | -€25,068 | ▼ 18.1% |
| + Depreciation and write-downs630 | €3,575 | €3,646 | €3,609 | €12,859 | €15,069 | ▲ 17.2% |
| Operating cash flow (approximation) | €5,863 | €5,504 | -€140 | -€8,370 | -€9,999 | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | -€424 | -€16,057 | -€83,197 | €0 | ▲ 100% |
| Change in cash | - | €1,731 | -€15,461 | -€9,573 | €590 | ▲ 106% |
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
2024
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 94 days late
2023
31-12
Financial
Weakest financial yearnet -€25,068
Net result drops to -€25,068, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 177 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Waterloo
Ground area
734 m²
Building footprint
135 m²
Volume, LiDAR
998 m³
Parcel 25763I0875/00M002, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0875/00M002 | Wallonia | 733 m² | 1 · 135 m² | 9.1 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded11-12-1991
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.