VIRDO
ActiveSummary
VIRDO has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €361k and a net result of €-82k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-26
Solvency50▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity tight (current ratio 1.26 against 1.41 in 2023; short-term debt: 71.2% and cash: 6.5% of total assets), and 75.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
24.6%
Return on assets
-5.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-82k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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
not confirmed
2024
7 d late
2023
27 d late
2022
17 d late
2021
10 d early
2020
19 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-82k▼ 706%
2023 · €-10k
Working capital
€276k▼ 27.5%
2023 · €381k
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
Line20202021202220232024
Operating result€235k▲ 365%€55k▼ 76.8%€55k▲ 1.2%€8k▼ 86.0%€-48k
Net result€159k▲ 365%€36k▼ 77.7%€26k▼ 25.5%€-10k€-82k▼ 706%
Equity€427k▲ 52.9%€451k▲ 5.6%€466k▲ 3.3%€444k▼ 4.7%€361k▼ 18.6%
Total assets€1.21M▲ 7.7%€1.39M▲ 14.7%€1.42M▲ 2.5%€1.45M▲ 1.6%€1.47M▲ 1.4%
Debt€785k▼ 7.2%€939k▲ 19.6%€958k▲ 2.1%€1.00M▲ 4.6%€1.10M▲ 10.2%
Working capital€265k▲ 179%€303k▲ 14.5%€362k▲ 19.5%€381k▲ 5.1%€276k▼ 27.5%
Staff (FTE)24▲ 20.0%24=21▼ 12.5%21.5▲ 2.4%21.5=
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €48k after €8k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.47M
Fixed assets
€146k ▲ 16.2%
Current assets
€1.32M =
Equity and liabilities €1.47M
Equity
€361k ▼ 18.6%
Debt
€1.10M ▲ 10.2%
Debt's share of the balance-sheet total rises from 69.3% to 75.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2023 · €73k
Cash flow
€-50k▼
2023 · €55k
Current ratio
1.26▼
2023 · 1.41
Quick ratio
0.76▼
2023 · 0.83
Debt to equity
3.06▲
2023 · 2.26
ROE
-22.8%▼
2023 · -2.3%
ROA
-5.6%▼
2023 · -0.7%
Interest coverage
-0.46▼
2023 · 2.39
Debt ≤ 1 year
€1.04M▲
2023 · €940k
Debt > 1 year
€61k▼
2023 · €63k
Income taxes
€4k▲
2023 · €527
Staff costs
€763k▲
2023 · €722k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €644k | €683k | €722k | €763k | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €62k | €70k | €66k | €33k | ▼ 50.2% |
| Other operating charges640/8 | - | €5k | €4k | €5k | €9k | ▲ 78.6% |
| Gross operating margin9900 | €970k | €766k | €812k | €800k | €757k | ▼ 5.4% |
| Operating profit (loss)9901 | €235k | €55k | €55k | €8k | €-48k | ▼ 717% |
| Financial income75/76B | - | €14k | €13k | €13k | €2k | ▼ 84.1% |
| Recurring financial income75 | €13k | €14k | €13k | €13k | €2k | ▼ 84.1% |
| Financial charges65/66B | - | €27k | €30k | €31k | €33k | ▲ 6.3% |
| Recurring financial charges65 | €25k | €27k | €30k | €31k | €33k | ▲ 6.3% |
| Profit (loss) for the period before taxes9903 | €222k | €42k | €38k | €-10k | €-78k | ▼ 704% |
| Income taxes67/77 | €63k | €6k | €11k | €527 | €4k | ▲ 745% |
| Profit (loss) for the period9904 | €159k | €36k | €26k | €-10k | €-82k | ▼ 706% |
| Profit (loss) for the period to be appropriated9905 | €159k | €36k | €26k | €-10k | €-82k | ▼ 706% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.21M | €1.39M | €1.42M | €1.45M | €1.47M | ▲ 1.4% |
| Fixed assets21/28 | €162k | €232k | €177k | €126k | €146k | ▲ 16.2% |
| Tangible fixed assets22/27 | €162k | €232k | €177k | €125k | €146k | ▲ 16.2% |
| Plant, machinery and equipment23 | - | €86k | €58k | €37k | €48k | ▲ 30.4% |
| Furniture and vehicles24 | - | €7k | €3k | €0 | €5k | - |
| Other tangible fixed assets26 | - | €139k | €116k | €89k | €93k | ▲ 5.1% |
| Financial fixed assets28 | €151 | €151 | €151 | €151 | €151 | = |
| Current assets29/58 | €1.05M | €1.16M | €1.25M | €1.32M | €1.32M | = |
| Stocks and contracts in progress3 | €467k | €476k | €501k | €537k | €526k | ▼ 2.1% |
| Stocks30/36 | - | €476k | €501k | €537k | €526k | ▼ 2.1% |
| Amounts receivable within one year40/41 | €407k | €519k | €567k | €575k | €642k | ▲ 11.6% |
| Trade receivables40 | - | €20k | €22k | €28k | €68k | ▲ 148% |
| Other amounts receivable41 | - | €500k | €545k | €548k | €574k | ▲ 4.8% |
| Cash at bank and in hand54/58 | €124k | €112k | €128k | €156k | €95k | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | €50k | €50k | €53k | €57k | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.21M | €1.39M | €1.42M | €1.45M | €1.47M | ▲ 1.4% |
| Equity10/15 | €427k | €451k | €466k | €444k | €361k | ▼ 18.6% |
| Contributions10/11 | - | €143k | €143k | €143k | €143k | = |
| Reserves13 | €58k | €58k | €58k | €58k | €58k | = |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €51k | €51k | €51k | €51k | = |
| Profit (loss) carried forward14 | €191k | €226k | €253k | €242k | €160k | ▼ 34.0% |
| Investment grants15 | - | €23k | €12k | €0 | - | - |
| Amounts payable17/49 | €785k | €939k | €958k | €1.00M | €1.10M | ▲ 10.2% |
| Amounts payable after more than one year17 | €0 | €84k | €74k | €63k | €61k | ▼ 3.1% |
| Financial debts170/4 | - | €84k | €74k | €63k | €61k | ▼ 3.1% |
| Amounts payable within one year42/48 | €785k | €854k | €884k | €940k | €1.04M | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €14k | €19k | €19k | €29k | ▲ 52.9% |
| Financial debts43 | - | - | €75k | €28k | €40k | ▲ 40.3% |
| Credit institutions430/8 | - | - | €75k | €28k | €40k | ▲ 40.3% |
| Trade debts44 | €613k | €678k | €650k | €755k | €832k | ▲ 10.2% |
| Suppliers440/4 | - | €678k | €650k | €755k | €832k | ▲ 10.2% |
| Taxes, remuneration and social security45 | - | €163k | €141k | €138k | €144k | ▲ 4.4% |
| Taxes450/3 | - | €63k | €16k | €12k | €14k | ▲ 19.7% |
| Remuneration and social security454/9 | - | €99k | €125k | €126k | €129k | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €159k | €36k | €26k | €-10k | €-82k | ▼ 706% |
| + Depreciation and write-downs630 | €51k | €62k | €70k | €66k | €33k | ▼ 50.2% |
| Operating cash flow (approximation) | €211k | €98k | €96k | €55k | €-50k | ▼ 190% |
| Investment in fixed assets (approximation) | - | €-132k | €-14k | €-14k | €-53k | ▼ 266% |
| Change in cash | - | €-11k | €16k | €27k | €-61k | ▼ 324% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €159k ▲365%
Operating result €235k, net result €159k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €279k ▲40.9%
2 profitable years in a row build equity to €279k.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bertrix · 2 establishment units since 1977
Ground area
5,560 m²
Building footprint
375 m²
2 parcels, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
UNIC BERTRIX
since 19772.013.650.615
Rue de la Sentinelle,Noirefont. 68, 6831 Bouillon
since 20262.389.361.606
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009A1084/00D000 | Wallonia | 4,123 m² | 1 · 375 m² | - |
| 84044D1026/00R000 | Wallonia | 1,436 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBertrix2.013.650.615
Bouillon2.389.361.606
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,848. 3,566 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
Founded22-04-1977
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.