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Virdem

Active
Public limited companyfounded 1991active for 34 yearsAvenue de Malmaison 15, 1410 Waterloo, BelgiumKBO/BCE: BE 0446.422.011
Summary

The computed 12-month bankruptcy probability of Virdem is 9.5% (elevated). 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 Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known
Size
€113,420total assets 2023
Equity
-€37,584
Loss
-€25,068
Financial health
Bankruptcy probabilitywithin 12 months
9.5%
2023 figures too old to score
Structure
2024 accounts not filed, 454 days past the deadline5 deeds in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2023 (filed 06-11-2024)2 financial years not filed after the legal deadline; last filed accounts filed 94 days late; 3 of the last 3 lateTwo or more financial years not filed2023 accounts filed 94 days latelowers riskSize: total assets €113,420Founded in 1991Show the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency 0-15
equity -33.1% of total assets
Liquidity 1+1
short-term debt 133.1% · cash 0.6%
Profitability 0=
return on assets -22.1%
Bankruptcy probability, 12 months
9.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 7.0% 12-2024: 2.4%▼ -4.6 percentage points vs 11-2024 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.4%● unchanged vs 01-2025 03-2025: 2.3%▼ -0.1 percentage points vs 02-2025 04-2025: 2.2%▼ -0.1 percentage points vs 03-2025lowest value 05-2025: 2.2%● unchanged vs 04-2025lowest value 06-2025: 2.5%▲ +0.3 percentage points vs 05-2025 07-2025: 2.7%▲ +0.2 percentage points vs 06-2025 08-2025: 3.2%▲ +0.5 percentage points vs 07-2025 09-2025: 3.3%▲ +0.1 percentage points vs 08-2025 10-2025: 3.6%▲ +0.3 percentage points vs 09-2025 11-2025: 3.7%▲ +0.1 percentage points vs 10-2025 12-2025: 4.8%▲ +1.1 percentage points vs 11-2025 01-2026: 8.3%▲ +3.5 percentage points vs 12-2025 02-2026: 8.3%● unchanged vs 01-2026 03-2026: 9.0%▲ +0.7 percentage points vs 02-2026 04-2026: 8.6%▼ -0.4 percentage points vs 03-2026 05-2026: 8.6%● unchanged vs 04-2026 06-2026: 8.6%● unchanged vs 05-2026 07-2026: 8.6%● unchanged vs 06-2026 08-2026: 9.5%▲ +0.9 percentage points vs 07-2026highest value 09-2026: 9.5%● unchanged vs 08-2026highest value 10-2026: 9.5%● unchanged vs 09-2026highest value
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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2023 (filed 06-11-2024)
NBB · annual accounts
lowers risk · Size: total assets €113,420
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 94 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline28-10-2026 today
raises risk · 2023 accounts filed 94 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
94 days late
2022
92 days late
2021
177 days late
2020
40 days early
2019
25 days 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.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Weakest financial yearnet -€25,068
  3. Annual accounts filedfinancial year 2022 · micro…

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 28 October 2026.

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

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

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.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€24,758 2023 Net result-€25,068 2023

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222023
Operating result€3,347-€2,412▼ 27.9%€2,794▲ 15.8%-€3,627-€21,171▼ 484%-€24,758▼ 16.9%
Net result€3,281-€2,288▼ 30.2%€1,858▼ 18.8%-€3,749-€21,229▼ 466%-€25,068▼ 18.1%
Equity€8,315-€10,603▲ 27.5%€12,461▲ 17.5%€8,712▼ 30.1%-€12,517-€37,584▼ 200%
Total assets€78,486-€71,491▼ 8.9%€70,016▼ 2.1%€67,025▼ 4.3%€129,235▲ 92.8%€113,420▼ 12.2%
Debt€70,171-€60,887▼ 13.2%€57,555▼ 5.5%€58,312▲ 1.3%€141,751▲ 143%€151,004▲ 6.5%
Working capital-€37,364--€31,500▲ 15.7%-€26,421▲ 16.1%-€42,618▼ 61.3%-€134,185▼ 215%-€144,183▼ 7.5%
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%
Equity and liabilities
Equity-€37,584
Debt€151,004
Equity is negative: debt (€151,004) exceeds the balance-sheet total (€113,420).
Key figures and ratios
2023 value · change against 2022
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
ROA
-22.1%▼
2022 · -16.4%
Interest coverage
-31.25▲
2022 · -64.75
Debt ≤ 1 year
€151,004▲
2022 · €141,751
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 36 lines
Balance sheet Code20222023
Assets
Total assets20/58€129,235€113,420▼
Fixed assets21/28€121,668€106,599▼
Tangible fixed assets22/27€121,668€106,599▼
Land and buildings22€31,731€28,756▼
Plant, machinery and equipment23€89,863€77,843▼
Furniture and vehicles24€73-
Current assets29/58€7,567€6,821▼
Amounts receivable within one year40/41€7,500€5,500▼
Trade receivables40€7,500€5,500▼
Cash at bank and in hand54/58€67€657▲
Deferred charges and accrued income490/1-€664
Equity and liabilities
Total equity and liabilities10/49€129,235€113,420▼
Equity10/15-€12,517-€37,584▼
Contributions10/11€123,950€123,950=
Capital10€123,950-
Issued capital100€123,950-
Contributions outside capital11-€123,950
Other1109/19-€123,950
Profit (loss) carried forward14-€136,466-€161,534▼
Amounts payable17/49€141,751€151,004▲
Amounts payable within one year42/48€141,751€151,004▲
Trade debts44€839€4,107▲
Suppliers440/4€839€4,107▲
Other amounts payable47/48€140,912€146,897▲
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,859€15,069▲
Other operating charges640/8€3,507€3,296▼
Gross operating margin9900-€4,805-€6,392▼
Operating profit (loss)9901-€21,171-€24,758▼
Financial charges65/66B€128€310▲
Recurring financial charges65€128€310▲
Profit (loss) for the period before taxes9903-€21,299-€25,068▼
Income taxes67/77-€70-
Profit (loss) for the period9904-€21,229-€25,068▼
Profit (loss) for the period to be appropriated9905-€21,229-€25,068▼
Appropriation of the result
Profit (loss) to be appropriated9906-€136,466-€161,534▼
Profit (loss) brought forward from the previous period14P-€115,237-€136,466▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192020202120222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,575€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€6,922€5,987€6,440€2,603-€4,805-€6,392▼ 33.0%
Operating profit (loss)9901€3,347€2,412€2,794-€3,627-€21,171-€24,758▼ 16.9%
Financial charges65/66B---€65€128€310▲ 142%
Recurring financial charges65€67€70€93€65€128€310▲ 142%
Profit (loss) for the period before taxes9903€3,281€2,342€2,702-€3,692-€21,299-€25,068▼ 17.7%
Income taxes67/77-€54€844€57-€70--
Profit (loss) for the period9904€3,281€2,288€1,858-€3,749-€21,229-€25,068▼ 18.1%
Profit (loss) for the period to be appropriated9905€3,281€2,288€1,858-€3,749-€21,229-€25,068▼ 18.1%
Line201820192020202120222023Change
Assets
Total assets20/58€78,486€71,491€70,016€67,025€129,235€113,420▼ 12.2%
Fixed assets21/28€45,679€42,104€38,882€51,330€121,668€106,599▼ 12.4%
Tangible fixed assets22/27€45,679€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€32,807€29,387€31,135€15,694€7,567€6,821▼ 9.9%
Amounts receivable within one year40/41€7,500€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€24,522€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€78,486€71,491€70,016€67,025€129,235€113,420▼ 12.2%
Equity10/15€8,315€10,603€12,461€8,712-€12,517-€37,584▼ 200%
Contributions10/11€123,950€123,950€123,950€123,950€123,950€123,950=
Capital10---€123,950€123,950--
Issued capital100---€123,950€123,950--
Contributions outside capital11-----€123,950-
Other1109/19-----€123,950-
Profit (loss) carried forward14-€115,635-€113,346-€111,488-€115,237-€136,466-€161,534▼ 18.4%
Amounts payable17/49€70,171€60,887€57,555€58,312€141,751€151,004▲ 6.5%
Amounts payable within one year42/48€70,171€60,887€57,555€58,312€141,751€151,004▲ 6.5%
Trade debts44€4,612-€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%
Line201820192020202120222023Change
Profit (loss) for the period9904€3,281€2,288€1,858-€3,749-€21,229-€25,068▼ 18.1%
+ Depreciation and write-downs630€3,575€3,575€3,646€3,609€12,859€15,069▲ 17.2%
Operating cash flow (approximation)€6,856€5,863€5,504-€140-€8,370-€9,999▼ 19.5%
Investment in fixed assets (approximation)-€0-€424-€16,057-€83,197€0-
Change in cash--€1,152€1,731-€15,461-€9,573€590-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference
31-12-2023 micro format 02-11-2024 2024-00529829
31-12-2022 micro format 31-10-2023 2023-00506696
31-12-2021 full format 24-01-2023 2023-00010553
31-12-2020 micro format 21-06-2021 2021-23400571
31-12-2019 micro format 25-08-2020 2020-45800592
31-12-2018 micro format 29-07-2019 2019-40800342
31-12-2017 micro format 31-07-2018 2018-42200087
31-12-2016 micro format 11-08-2017 2017-43200553
31-12-2015 full format 17-08-2016 2016-43400218
31-12-2014 full format 27-07-2015 2015-35200374

Show all 25 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 11 December 1991, Virdem was incorporated.1 Total assets went from €78,486 in 2018 to €113,420 in 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2023

Acts, filings and financial milestones

2024
02-11
NBB filing Annual accounts filed
financial year 2023 · micro format · 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
financial year 2022 · micro format · 92 days late
24-01
NBB filing Annual accounts filed
financial year 2021 · full format · 177 days late
2021
21-06
NBB filing Annual accounts filed
financial year 2020 · micro format
2020
25-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 25 days late
2019
29-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
31-07
NBB filing Annual accounts filed
financial year 2017 · micro format
2017
11-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 11 days late
2016
17-08
NBB filing Annual accounts filed
financial year 2015 · full format · 17 days late
2015
27-07
NBB filing Annual accounts filed
financial year 2014 · full format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 25 annual accounts filed, the latest 10 are here; all 25 are under Financials.
0 of 5 deeds read
About the unread acts

We know of 5 Belgian Official 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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Register details

Identification
Legal formPublic limited company
Founded11-12-1991
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Waterloo
exact location from the address register On OpenStreetMap
Ground area
734 m²
Building footprint
135 m²
Building volume
998 m³
Parcel 25763I0875/00M002, Wallonia · tallest building 9.1 m. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
25763I0875/00M002 Wallonia 733 m² 1 · 135 m² 9.1 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.