Equity
€215,758 from €465,572 in 2022
Equity fell by 54% in 3 years.
VIRDO
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €969,994 (2020)
€761,354▲ 0.6%
lowest -€145,402 (2025)
-€145,402▼ €62,923
peak €465,572 (2022)
€215,758▼ 40.3%
€1.1m▲ 2.8%
peak 24.3 FTE (2025)
24.3 FTE▲ 13.0%
Board1 name since 2014
1 directorD-Fresh
Owners2 names in the annual accounts
93.5%D-Fresh
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Loss of €145,402Staff from 21.5 FTE to 24.3 FTEEquity from €361,160 to €215,758
Key points
from the 2025 annual accountsLosses
-€238,114 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.1m 84% of the balance sheet
Financial debts 8%Suppliers 72%Taxes and wages 11%Other 9%
€72,154 of the debts are secured on the company's own assets. In 2022 that was €92,385.
Staff
18 employees on 31-12-2025
In 2025, 29 people joined and 31 left.
Filings
49 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€145,402
Lower net result than 95% of companies in retail trade. Sector median €27,425 · 12,844 companies.
Checked score
46
Fair
Financially stronger than 14% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.4 percentage points vs 07-2025
09-2025: 1.3%▲ +0.4 percentage points vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.5%▲ +0.2 percentage points vs 05-2026
07-2026: 1.5%● unchanged vs 06-2026
08-2026: 2.6%▲ +1.1 percentage points vs 07-2026
09-2026: 3.0%▲ +0.4 percentage points vs 08-2026
10-2026: 4.2%▲ +1.2 percentage points vs 09-2026highest value
11-2026: 4.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €145,402, the second in a row (financial year 2025)
Equity €215,758 (16.0% of total assets)
Size: 24.3 FTE, total assets €1.4m
Sector: Retail trade (NACE 47)
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 47, small). It does better than 30% of them on solvency, 10% on liquidity, 6% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 307 companies had the same profile as VIRDO has now. Each dot is one company, two years later.
88.9%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VIRDO itself: 4.2% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 307 companies, not a prediction for VIRDO. 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 €9,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.11 (1.26 in 2024), below the usual 1.5. Short-term debt is 81% and cash 5.6% of total assets. 84% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€145,402
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
7 days late
2023
27 days late
2022
17 days late
2021
10 days early
2020
19 days early
2019
2 days early
← 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 12 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 17 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New establishment in Bouillon
Rue de la Sentinelle,Noirefont. 68
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0417110688
Change of role: D-Fresh, from manager to director
Permanent representative: Loïc SPRUMONT · 5,768 shares · General meeting of 19-04-2021 · Gazette deed
First establishment
UNIC BERTRIX, Place des 3 Fers 23, Bertrix
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VIRDO Bertrix | €1.4m | €0.8m | 16.0% | 24.3 |
| BIJ DEN BELS Kapelle-op-den-Bos | €1.7m | €1.0m | 18.5% | 25.4 |
| GEKEL La Calamine | €1.5m | €0.8m | 14.3% | 19.4 |
| UNERAN Beernem | €1.3m | €0.8m | 52.1% | 21.7 |
| VEWO Geel | €1.7m | €0.9m | 14.8% | 22 |
| Vermago Tielt | €1.2m | €0.8m | 18.5% | 18.4 |
| DE WASSENDE MAAN Deinze | €1.4m | €0.9m | 27.4% | 18.9 |
These companies have the same main activity as VIRDO: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €1.2m and €1.7m, founded between 1972 and 1987.
Official details
Source: KBO- Status
- Active since 22-04-1977Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 201Independent retail · annual accounts 2025
- Establishment units
- 2.013.650.6156880 Bertrix, since 01-05-1977
- 2.389.361.6066831 Bouillon, since 19-05-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Annual accounts 2025
- ≈ €7.3mestimated
- €1.4m▼ 7.8%
- Employeeson 31-12-2025
- 18=
- Filing
- Filed on 30-09-2026
Insights on VIRDO
VIRDO files the abbreviated format. That format states no turnover. The gross margin rose from €690,920 in 2006 to €761,354 in 2025.
D-Fresh holds 93.5% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VIRDO
- What is the company number of VIRDO?
- The company number of VIRDO is 0417.110.688. The VAT number is the same number with BE in front: BE 0417.110.688.
- Where is VIRDO based?
- The registered office is at Place des 3 Fers 23, 6880 Bertrix.Company details
- What does VIRDO do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of VIRDO?
- VIRDO is a private limited company (BV).
- When was VIRDO founded?
- VIRDO was founded on 22-04-1977.
- Is VIRDO still active?
- Yes, VIRDO is an active enterprise in the KBO register.
- How many employees does VIRDO have?
- VIRDO had an average of 24.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VIRDO fall under?
- In its 2025 annual accounts, VIRDO states joint committees 100 (Auxiliary committee for blue-collar workers) and 201 (Independent retail).
- What is the turnover of VIRDO?
- The turnover in financial year 2025 is ≈ €7.3m. This figure is estimated from the gross margin of €761,354 and 42 comparable companies (NACE 47110). It probably lies between €6.0m and €9.7m.
- Is VIRDO profitable?
- In financial year 2025, VIRDO made a loss of €145,402.
- Where can I find the annual accounts of VIRDO?
- VIRDO filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VIRDO due?
- VIRDO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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