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 €361,160 and a net result of -€82,479. 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 €14,000 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 -€82,479
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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2024, full schema
In the rankings
#2 oldest company in Bertrix, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€82,479▼ 706%
2023 · -€10,233
Working capital
€275,935▼ 27.5%
2023 · €380,684
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€234,975▲ 365%€54,587▼ 76.8%€55,229▲ 1.2%€7,713▼ 86.0%-€47,570
Net result€159,443▲ 365%€35,556▼ 77.7%€26,490▼ 25.5%-€10,233-€82,479▼ 706%
Equity€426,926▲ 52.9%€450,782▲ 5.6%€465,572▲ 3.3%€443,639▼ 4.7%€361,160▼ 18.6%
Total assets€1.2m▲ 7.7%€1.4m▲ 14.7%€1.4m▲ 2.5%€1.4m▲ 1.6%€1.5m▲ 1.4%
Debt€784,693▼ 7.2%€938,634▲ 19.6%€957,951▲ 2.1%€1.0m▲ 4.6%€1.1m▲ 10.2%
Working capital€264,765▲ 179%€303,219▲ 14.5%€362,373▲ 19.5%€380,684▲ 5.1%€275,935▼ 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 €47,570 after €7,713 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€145,924 ▲ 16.2%
Current assets
€1.3m =
Equity and liabilities €1.5m
Equity
€361,160 ▼ 18.6%
Debt
€1.1m ▲ 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
-€14,917▼
2023 · €73,328
Cash flow
-€49,826▼
2023 · €55,381
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
€1.0m▲
2023 · €939,686
Debt > 1 year
€60,700▼
2023 · €62,611
Income taxes
€4,452▲
2023 · €527
Staff costs
€762,841▲
2023 · €721,988
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 | - | €643,833 | €683,047 | €721,988 | €762,841 | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,494 | €62,385 | €69,628 | €65,615 | €32,653 | ▼ 50.2% |
| Other operating charges640/8 | - | €5,437 | €4,243 | €5,108 | €9,123 | ▲ 78.6% |
| Gross operating margin9900 | €969,994 | €766,243 | €812,147 | €800,423 | €757,047 | ▼ 5.4% |
| Operating profit (loss)9901 | €234,975 | €54,587 | €55,229 | €7,713 | -€47,570 | ▼ 717% |
| Financial income75/76B | - | €14,347 | €12,559 | €13,222 | €2,105 | ▼ 84.1% |
| Recurring financial income75 | €12,669 | €14,347 | €12,559 | €13,222 | €2,105 | ▼ 84.1% |
| Financial charges65/66B | - | €27,254 | €30,055 | €30,641 | €32,561 | ▲ 6.3% |
| Recurring financial charges65 | €25,413 | €27,254 | €30,055 | €30,641 | €32,561 | ▲ 6.3% |
| Profit (loss) for the period before taxes9903 | €222,231 | €41,681 | €37,734 | -€9,707 | -€78,027 | ▼ 704% |
| Income taxes67/77 | €62,788 | €6,124 | €11,243 | €527 | €4,452 | ▲ 745% |
| Profit (loss) for the period9904 | €159,443 | €35,556 | €26,490 | -€10,233 | -€82,479 | ▼ 706% |
| Profit (loss) for the period to be appropriated9905 | €159,443 | €35,556 | €26,490 | -€10,233 | -€82,479 | ▼ 706% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 1.4% |
| Fixed assets21/28 | €162,161 | €231,952 | €176,699 | €125,566 | €145,924 | ▲ 16.2% |
| Tangible fixed assets22/27 | €162,009 | €231,800 | €176,548 | €125,415 | €145,773 | ▲ 16.2% |
| Plant, machinery and equipment23 | - | €86,390 | €57,555 | €36,682 | €47,843 | ▲ 30.4% |
| Furniture and vehicles24 | - | €6,899 | €3,303 | €0 | €4,637 | - |
| Other tangible fixed assets26 | - | €138,511 | €115,690 | €88,733 | €93,293 | ▲ 5.1% |
| Financial fixed assets28 | €151 | €151 | €151 | €151 | €151 | = |
| Current assets29/58 | €1.0m | €1.2m | €1.2m | €1.3m | €1.3m | = |
| Stocks and contracts in progress3 | €467,260 | €476,103 | €501,111 | €537,008 | €525,979 | ▼ 2.1% |
| Stocks30/36 | - | €476,103 | €501,111 | €537,008 | €525,979 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €407,313 | €519,417 | €567,201 | €575,043 | €641,944 | ▲ 11.6% |
| Trade receivables40 | - | €19,899 | €22,475 | €27,505 | €68,300 | ▲ 148% |
| Other amounts receivable41 | - | €499,518 | €544,726 | €547,538 | €573,643 | ▲ 4.8% |
| Cash at bank and in hand54/58 | €123,517 | €112,042 | €128,390 | €155,657 | €94,565 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | €49,901 | €50,122 | €52,663 | €57,424 | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 1.4% |
| Equity10/15 | €426,926 | €450,782 | €465,572 | €443,639 | €361,160 | ▼ 18.6% |
| Contributions10/11 | - | €143,000 | €143,000 | €143,000 | €143,000 | = |
| Reserves13 | €58,231 | €58,231 | €58,231 | €58,231 | €58,231 | = |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €6,855 | €6,855 | €6,855 | €6,855 | = |
| Distributable reserves133 | - | €51,377 | €51,377 | €51,377 | €51,377 | = |
| Profit (loss) carried forward14 | €190,594 | €226,151 | €252,641 | €242,407 | €159,929 | ▼ 34.0% |
| Investment grants15 | - | €23,400 | €11,700 | €0 | - | - |
| Amounts payable17/49 | €784,693 | €938,634 | €957,951 | €1.0m | €1.1m | ▲ 10.2% |
| Amounts payable after more than one year17 | €0 | €84,389 | €73,500 | €62,611 | €60,700 | ▼ 3.1% |
| Financial debts170/4 | - | €84,389 | €73,500 | €62,611 | €60,700 | ▼ 3.1% |
| Amounts payable within one year42/48 | €784,693 | €854,245 | €884,451 | €939,686 | €1.0m | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €13,611 | €18,885 | €18,683 | €28,562 | ▲ 52.9% |
| Financial debts43 | - | - | €74,641 | €28,310 | €39,714 | ▲ 40.3% |
| Credit institutions430/8 | - | - | €74,641 | €28,310 | €39,714 | ▲ 40.3% |
| Trade debts44 | €613,479 | €678,128 | €650,344 | €755,164 | €832,176 | ▲ 10.2% |
| Suppliers440/4 | - | €678,128 | €650,344 | €755,164 | €832,176 | ▲ 10.2% |
| Taxes, remuneration and social security45 | - | €162,505 | €140,580 | €137,529 | €143,525 | ▲ 4.4% |
| Taxes450/3 | - | €63,088 | €15,675 | €11,725 | €14,034 | ▲ 19.7% |
| Remuneration and social security454/9 | - | €99,417 | €124,905 | €125,804 | €129,491 | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €159,443 | €35,556 | €26,490 | -€10,233 | -€82,479 | ▼ 706% |
| + Depreciation and write-downs630 | €51,494 | €62,385 | €69,628 | €65,615 | €32,653 | ▼ 50.2% |
| Operating cash flow (approximation) | €210,937 | €97,941 | €96,118 | €55,381 | -€49,826 | ▼ 190% |
| Investment in fixed assets (approximation) | - | -€132,176 | -€14,375 | -€14,482 | -€53,011 | ▼ 266% |
| Change in cash | - | -€11,475 | €16,347 | €27,267 | -€61,091 | ▼ 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.
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 -€82,479
Net result drops to -€82,479, 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 €159,443 ▲365%
Operating result €234,975, net result €159,443, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200,000Eq €279,182 ▲40.9%
2 profitable years in a row build equity to €279,182.
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 5,849. 3,568 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.