VIRENS
Open bankruptcyFinancials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00563247.
Annual accounts 2025 filed on 06-11-2025 PDF all 10 filings
Equity
-€22,878
2024 · €175
Total assets
€121,774▲ 696×
2024 · €175
Net result
-€23,053▼ 1.9%
2024 · -€22,624
Working capital
-€2,875
2023 · €22,799
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€3,050
▲ 83.3%
2025
20192025
Net result
-€23,053
▼ 1.9%
2025
lowest quarter of the sector
20192025
Equity
-€22,878
2025
lowest quarter of the sector
20192025
Total assets
€121,774
▲ 696×
2025
lowest quarter of the sector
20192025
Debt
€144,652
2025
20192025
Working capital
-€2,875
2025
middle half of the sector
20192025
Solvency
-18.8%
2025
lowest quarter of the sector
20192025
Current ratio
0.98
2025
middle half of the sector
20192025
Return on assets (ROA)
-18.9%
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€45,393-€46,372-€26,149-€15,429▲ 41.0%-€3,236▲ 79.0%-€18,223▼ 463%-€3,050▲ 83.3%
Net result-€44,294-€46,211above the sector's middle half-€26,196below the sector's middle half-€15,679below the sector's middle half▲ 40.1%-€3,526within the sector's middle half▲ 77.5%-€22,624below the sector's middle half▼ 542%-€23,053below the sector's middle half▼ 1.9%
Equity€13,156-€59,367within the sector's middle half▲ 351%€42,004within the sector's middle half▼ 29.2%€26,325within the sector's middle half▼ 37.3%€22,799within the sector's middle half▼ 13.4%€175below the sector's middle half▼ 99.2%-€22,878below the sector's middle half
Total assets€170,490-€170,252within the sector's middle half▼ 0.1%€42,004below the sector's middle half▼ 75.3%€29,151below the sector's middle half▼ 30.6%€25,626below the sector's middle half▼ 12.1%€175below the sector's middle half▼ 99.3%€121,774below the sector's middle half▲ 696×
Debt€157,334-€110,885▼ 29.5%€2,826€2,826=€144,652
Working capital€13,156-€59,367within the sector's middle half▲ 351%€26,325within the sector's middle half€22,799within the sector's middle half▼ 13.4%-€2,875within the sector's middle half
Solvency7.7%-34.9%within the sector's middle half▲ 27.2pp100.0%above the sector's middle half▲ 65.1pp90.3%above the sector's middle half▼ 9.7pp89.0%above the sector's middle half▼ 1.3pp-18.8%below the sector's middle half
Current ratio1.08-1.54within the sector's middle half▲ 0.4510.31above the sector's middle half9.07above the sector's middle half▼ 1.250.98within the sector's middle half
Return on assets (ROA)-26.0%-27.1%above the sector's middle half▲ 53.1pp-62.4%below the sector's middle half▼ 89.5pp-53.8%below the sector's middle half▲ 8.6pp-13.8%below the sector's middle half▲ 40.0pp-18.9%below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €3,050, smaller than the loss of €18,223 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€124,649
Income taxes
€20,003▲
2024 · €4,401
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €348 | €348 | €348 | €384 | - | - |
| Non-recurring operating charges66A | - | - | €8,833 | - | - | - | - | - |
| Gross operating margin9900 | -€45,046 | €46,720 | -€16,968 | -€15,081 | -€2,889 | -€17,839 | -€3,050 | ▲ 82.9% |
| Operating profit (loss)9901 | -€45,393 | €46,372 | -€26,149 | -€15,429 | -€3,236 | -€18,223 | -€3,050 | ▲ 83.3% |
| Financial charges65/66B | - | - | €48 | €250 | €48 | - | - | - |
| Recurring financial charges65 | €151 | €161 | €48 | €250 | €48 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€44,294 | €46,211 | -€26,196 | -€15,679 | -€3,284 | -€18,223 | -€3,050 | ▲ 83.3% |
| Income taxes67/77 | - | - | - | - | €242 | €4,401 | €20,003 | ▲ 354% |
| Profit (loss) for the period9904 | -€44,294 | €46,211 | -€26,196 | -€15,679 | -€3,526 | -€22,624 | -€23,053 | ▼ 1.9% |
| Profit (loss) for the period to be appropriated9905 | -€44,294 | €46,211 | -€26,196 | -€15,679 | -€3,526 | -€22,624 | -€23,053 | ▼ 1.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €170,490 | €170,252 | €42,004 | €29,151 | €25,626 | €175 | €121,774 | ▲ 696× |
| Current assets29/58 | €170,490 | €170,252 | €42,004 | €29,151 | €25,626 | €175 | €121,774 | ▲ 696× |
| Amounts receivable within one year40/41 | €18,577 | €81,955 | €19,092 | €29,151 | €25,626 | €175 | €311 | ▲ 78.0% |
| Trade receivables40 | - | - | €15,807 | €25,053 | €21,503 | - | - | - |
| Other amounts receivable41 | - | - | €3,284 | €4,098 | €4,123 | €175 | €311 | ▲ 78.0% |
| Cash at bank and in hand54/58 | €151,913 | €88,298 | €22,912 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €121,463 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €170,490 | €170,252 | €42,004 | €29,151 | €25,626 | €175 | €121,774 | ▲ 696× |
| Equity10/15 | €13,156 | €59,367 | €42,004 | €26,325 | €22,799 | €175 | -€22,878 | - |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€48,844 | -€8,833 | -€26,196 | -€41,875 | -€45,401 | -€68,025 | -€91,078 | ▼ 33.9% |
| Amounts payable17/49 | €157,334 | €110,885 | - | €2,826 | €2,826 | - | €144,652 | - |
| Amounts payable within one year42/48 | €157,334 | €110,885 | - | €2,826 | €2,826 | - | €124,649 | - |
| Trade debts44 | €154,205 | €110,885 | - | - | - | - | €787 | - |
| Suppliers440/4 | - | - | - | - | - | - | €787 | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €121,463 | - |
| Taxes450/3 | - | - | - | - | - | - | €121,463 | - |
| Other amounts payable47/48 | - | - | - | €2,826 | €2,826 | - | €2,400 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €20,003 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,294 | €46,211 | -€26,196 | -€15,679 | -€3,526 | -€22,624 | -€23,053 | ▼ 1.9% |
| Operating cash flow (approximation) | -€44,294 | €46,211 | -€26,196 | -€15,679 | -€3,526 | -€22,624 | -€23,053 | ▼ 1.9% |
| Change in cash | - | -€63,616 | -€65,385 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 06-11-2025 | 2025-00563247 | |
| 31-03-2024 | micro format | 23-10-2024 | 2024-00511965 | |
| 31-03-2023 | micro format | 23-10-2024 | 2024-00511966 | |
| 31-03-2022 | micro format | 30-11-2022 | 2022-20528013 | |
| 31-03-2021 | micro format | 18-05-2022 | 2022-20028784 | |
| 31-03-2020 | micro format | 29-10-2020 | 2020-64200010 | |
| 31-03-2019 | micro format | 29-10-2020 | 2020-64200009 | |
| 31-03-2018 | micro format | 30-11-2018 | 2018-73100452 | |
| 31-03-2017 | micro format | 27-10-2017 | 2017-67800387 | |
| 31-03-2016 | full format | 24-10-2016 | 2016-66000140 |