VIRGIDES
ActiveSummary
VIRGIDES has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €75k and a net result of €12k. Equity is growing by ~42.1% per year across the filed fiscal years. Its solvency ranks better than 37% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-26
Solvency54▼-38
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.76 against 2.18 in 2023; short-term debt: 10.9% and cash: 8% of total assets), but 71% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
29%
Return on assets
4.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
19 d early
2022
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€75k▲ 18.4%
2023 · €63k
2022: €22klowest in 3 years
2023: €63k▲ +192% vs 2022
2024: €75k▲ +18.4% vs 2023highest in 3 years
2022 → 2024
Total assets
€258k▲ 173%
2023 · €95k
2022: €57klowest in 3 years
2023: €95k▲ +64.7% vs 2022
2024: €258k▲ +173% vs 2023highest in 3 years
2022 → 2024
Net result
€12k▼ 71.9%
2023 · €42k
2022: €20k
2023: €42k▲ +111% vs 2022highest in 3 years
2024: €12k▼ -71.9% vs 2023lowest in 3 years
2022 → 2024
Working capital
€49k▲ 33.2%
2023 · €37k
2022: €-7klowest in 3 years
2023: €37k▲ +604% vs 2022
2024: €49k▲ +33.2% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€22k-€63k▲ 192%€75k▲ 18.4%
2022: €22klowest in 3 years
2023: €63k▲ +192% vs 2022
2024: €75k▲ +18.4% vs 2023highest in 3 years
Operating result€30k-€63k▲ 108%€20k▼ 68.3%
2022: €30k
2023: €63k▲ +108% vs 2022highest in 3 years
2024: €20k▼ -68.3% vs 2023lowest in 3 years
Net result€20k-€42k▲ 111%€12k▼ 71.9%
2022: €20k
2023: €42k▲ +111% vs 2022highest in 3 years
2024: €12k▼ -71.9% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 68% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €258k
Fixed assets
€181k ▲ 590%
Current assets
€77k ▲ 13.1%
Equity and liabilities €258k
Equity
€75k ▲ 18.4%
Debt
€183k ▲ 483%
Debt's share of the balance-sheet total rises from 33.2% to 71.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▼
2023 · €70k
Cash flow
€48k▼
2023 · €49k
Current ratio
2.76▲
2023 · 2.18
Debt to equity
2.45▲
2023 · 0.50
ROE
15.6%▼
2023 · 65.7%
ROA
4.5%▼
2023 · 43.9%
Interest coverage
37.75▼
2023 · 778.79
Debt ≤ 1 year
€28k▼
2023 · €31k
Debt > 1 year
€155k
Income taxes
€7k▼
2023 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€95k€258k▲
Fixed assets21/28€26k€181k▲
Tangible fixed assets22/27€26k€181k▲
Land and buildings22-€159k
Plant, machinery and equipment23-€2k
Furniture and vehicles24€26k€20k▼
Current assets29/58€68k€77k▲
Amounts receivable within one year40/41€10k€14k▲
Trade receivables40€6k€7k▲
Other amounts receivable41€4k€6k▲
Current investments50/53-€41k
Cash at bank and in hand54/58€57k€21k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€95k€258k▲
Equity10/15€63k€75k▲
Contributions10/11€2k€2k=
Reserves13€61k€73k▲
Distributable reserves133€61k€73k▲
Amounts payable17/49€31k€183k▲
Amounts payable after more than one year17-€155k
Financial debts170/4-€155k
Amounts payable within one year42/48€31k€28k▼
Trade debts44-€10
Suppliers440/4-€10
Taxes, remuneration and social security45€31k€28k▼
Taxes450/3€31k€28k▼
Accrued charges and deferred income492/3-€19
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€37k▲
Other operating charges640/8€728€725▼
Gross operating margin9900€71k€57k▼
Operating profit (loss)9901€63k€20k▼
Financial income75/76B€109€368▲
Recurring financial income75€109€368▲
Financial charges65/66B€90€1k▲
Recurring financial charges65€90€1k▲
Profit (loss) for the period before taxes9903€63k€19k▼
Income taxes67/77€21k€7k▼
Profit (loss) for the period9904€42k€12k▼
Profit (loss) for the period to be appropriated9905€42k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€12k▼
Transfer to equity691/2€42k€12k▼
To other reserves6921€42k€12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €8k | €37k | ▲ 383% |
| Other operating charges640/8 | €933 | €728 | €725 | ▼ 0.5% |
| Gross operating margin9900 | €34k | €71k | €57k | ▼ 19.3% |
| Operating profit (loss)9901 | €30k | €63k | €20k | ▼ 68.3% |
| Financial income75/76B | €0 | €109 | €368 | ▲ 237% |
| Recurring financial income75 | €0 | €109 | €368 | ▲ 237% |
| Financial charges65/66B | €50 | €90 | €1k | ▲ 1,560% |
| Recurring financial charges65 | €50 | €90 | €1k | ▲ 1,560% |
| Profit (loss) for the period before taxes9903 | €30k | €63k | €19k | ▼ 70.1% |
| Income taxes67/77 | €10k | €21k | €7k | ▼ 66.4% |
| Profit (loss) for the period9904 | €20k | €42k | €12k | ▼ 71.9% |
| Profit (loss) for the period to be appropriated9905 | €20k | €42k | €12k | ▼ 71.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €57k | €95k | €258k | ▲ 173% |
| Fixed assets21/28 | €29k | €26k | €181k | ▲ 590% |
| Tangible fixed assets22/27 | €29k | €26k | €181k | ▲ 590% |
| Land and buildings22 | - | - | €159k | - |
| Plant, machinery and equipment23 | - | - | €2k | - |
| Furniture and vehicles24 | €29k | €26k | €20k | ▼ 24.8% |
| Current assets29/58 | €28k | €68k | €77k | ▲ 13.1% |
| Amounts receivable within one year40/41 | €6k | €10k | €14k | ▲ 31.4% |
| Trade receivables40 | €6k | €6k | €7k | ▲ 13.8% |
| Other amounts receivable41 | - | €4k | €6k | ▲ 59.9% |
| Current investments50/53 | - | - | €41k | - |
| Cash at bank and in hand54/58 | €21k | €57k | €21k | ▼ 63.7% |
| Deferred charges and accrued income490/1 | €1k | €1k | €2k | ▲ 85.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €57k | €95k | €258k | ▲ 173% |
| Equity10/15 | €22k | €63k | €75k | ▲ 18.4% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €20k | €61k | €73k | ▲ 19.1% |
| Distributable reserves133 | €20k | €61k | €73k | ▲ 19.1% |
| Amounts payable17/49 | €36k | €31k | €183k | ▲ 483% |
| Amounts payable after more than one year17 | - | - | €155k | - |
| Financial debts170/4 | - | - | €155k | - |
| Amounts payable within one year42/48 | €36k | €31k | €28k | ▼ 10.6% |
| Trade debts44 | - | - | €10 | - |
| Suppliers440/4 | - | - | €10 | - |
| Taxes, remuneration and social security45 | €10k | €31k | €28k | ▼ 10.6% |
| Taxes450/3 | €10k | €31k | €28k | ▼ 10.6% |
| Other amounts payable47/48 | €25k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €19 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €42k | €12k | ▼ 71.9% |
| + Depreciation and write-downs630 | €3k | €8k | €37k | ▲ 383% |
| Operating cash flow (approximation) | €23k | €49k | €48k | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €-5k | €-191k | ▼ 3,939% |
| Change in cash | - | €36k | €-36k | ▼ 201% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼71.9%
Net result drops to €12k, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €42k ▲111%
Operating result €63k, net result €42k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.18
Current ratio from 0.79 to 2.18; short-term debt falls from €36k to €31k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Huy · 2 establishment units since 2022
Ground area
1,765 m²
Building footprint
585 m²
Volume, LiDAR
10,137 m³
2 parcels, Wallonia · tallest building 24.0 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
-
since 20222.330.955.035
-
since 20222.330.955.134
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031B0060/00F000 | Wallonia | 1,154 m² | 1 · 487 m² | 24.0 m · 7 fl. |
| 61031B0619/00V003 | Wallonia | 611 m² | 1 · 98 m² | 7.6 m · 2 fl. |
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.
Similar companies · same sector, comparable size
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Of 3,018 companies in sector 85592 we hold annual accounts for 987. 729 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
Founded25-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
Contact
Phone
+32479262488Huy
Scores and ratios are computed by Checked and are not a credit decision.