VIRGINAL PROMOTION
ActiveThe file of VIRGINAL PROMOTION contains 2 judicial reorganisations, as published in the Belgian State Gazette. The annual accounts of VIRGINAL PROMOTION for fiscal year 2024 show a net loss of 102% of total assets and of 87% of the equity at the start of that year. The computed 12-month bankruptcy probability is 24.2% (high). The 2024 annual accounts show equity of €74k and a net result of €-513k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 19356 sector peers (fiscal year 2024).
Checked score
Score 2024
11
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-78
Solvency40▼-32
Growth32▼-46
Track record60
Bankruptcy probability, 12 months
24.2%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 2.52 in 2023; short-term debt: 79% and cash: 0.2% of total assets), and 85.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
14.7%
Return on assets
-102.2%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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
56 d late
2023
30 d late
2022
65 d late
2021
78 d late
2020
89 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€74k▼ 87.4%
2023 · €587k
2018: €184k
2019: €266k
2020: €496k
2021: €579k
2022: €492k
2023: €587k
2018 → 2024
Total assets
€502k▼ 59.7%
2023 · €1.25M
2018: €1.29M
2019: €2.36M
2020: €3.08M
2021: €2.68M
2022: €1.68M
2023: €1.25M
2018 → 2024
Net result
€-513k
2023 · €95k
2018: €-10k
2019: €82k
2020: €231k
2021: €83k
2022: €-87k
2023: €95k
2018 → 2024
Working capital
€-282k
2023 · €515k
2018: €-6k
2019: €291k
2020: €520k
2021: €360k
2022: €413k
2023: €515k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€496k-€579k▲ 16.7%€492k▼ 15.1%€587k▲ 19.4%€74k▼ 87.4%
Operating result€332k-€171k▼ 48.5%€-82k€115k€-502k
Net result€231k-€83k▼ 64.0%€-87k€95k€-513k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €502k after €115k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €502k
Fixed assets
€388k▼ 1.5%
Current assets
€114k▼ 86.6%
Equity and liabilities €502k
Equity
€74k▼ 87.4%
Debt
€429k▼ 35.1%
The debt ratio rises from 52.9% to 85.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-494k▼
2023 · €121k
Cash flow
€-505k▼
2023 · €102k
Solvency
14.7%▼
2023 · 47.1%
Current ratio
0.29▼
2023 · 2.52
Quick ratio
0.26▼
2023 · 0.91
Debt / equity
5.81▲
2023 · 1.12
ROE
-696.4%▼
2023 · 16.2%
ROA
-102.2%▼
2023 · 7.6%
Interest coverage
-44.94▼
2023 · 6.30
Debt
€429k▼
2023 · €660k
Debt ≤ 1 year
€397k▲
2023 · €339k
Debt > 1 year
€32k▼
2023 · €321k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.25M€502k▼
Fixed assets21/28€394k€388k▼
Tangible fixed assets22/27€391k€382k▼
Furniture and vehicles24€28k€19k▼
Assets under construction and advance payments27€363k€363k=
Financial fixed assets28€3k€6k▲
Current assets29/58€853k€114k▼
Stocks and contracts in progress3€545k€10k▼
Stocks30/36€545k€10k▼
Amounts receivable within one year40/41€307k€104k▼
Trade receivables40€261k€14k▼
Other amounts receivable41€46k€90k▲
Cash at bank and in hand54/58€949€784▼
Deferred charges and accrued income490/1€254-
Equity and liabilities
Total equity and liabilities10/49€1.25M€502k▼
Equity10/15€587k€74k▼
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€578k€65k▼
Amounts payable17/49€660k€429k▼
Amounts payable after more than one year17€321k€32k▼
Financial debts170/4€321k€32k▼
Amounts payable within one year42/48€339k€397k▲
Current portion of amounts payable after more than one year42€48k-
Financial debts43€123k-
Credit institutions430/8€123k-
Trade debts44€68k€113k▲
Suppliers440/4€68k€113k▲
Advances received on contracts in progress46€70k€83k▲
Taxes, remuneration and social security45€28k€138k▲
Taxes450/3€28k€138k▲
Other amounts payable47/48€2k€63k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€263k€447k▲
Other operating charges640/8€45k€10k▼
Gross operating margin9900€429k€-37k▼
Operating profit (loss)9901€115k€-502k▼
Financial charges65/66B€19k€11k▼
Recurring financial charges65€19k€11k▼
Profit (loss) for the period before taxes9903€95k€-513k▼
Profit (loss) for the period9904€95k€-513k▼
Profit (loss) for the period to be appropriated9905€95k€-513k▼
Appropriation of the result
Profit (loss) to be appropriated9906€578k€65k▼
Profit (loss) brought forward from the previous period14P€483k€578k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-02
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · 20250043 · event 06-02-2026
2025
13-10
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collectif_pme · event 06-10-2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet €-513k ▼639%
Net result drops to €-513k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €95k
Net result €95k after one loss-making year.
31-12
Financial
Equity above €500kEq €587k ▲19.4%
Equity rises from €492k to €587k.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Equity above €500kEq €579k ▲16.7%
3 profitable years in a row build equity to €579k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Highest result since 2018net €231k ▲183%
Operating result €332k, net result €231k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
31-12
Financial
Equity above €200kEq €266k ▲44.4%
Equity rises from €184k to €266k.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
16-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 47 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Braine-le-Comte · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Virginal 837090 Braine-le-ComteGround area
727 m²
Building footprint
42 m²
Parcel 55016B0450/00V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VIRGINAL PROMOTION
since 20122.206.768.509
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55016B0450/00V000 | Wallonia | 727 m² | 1 · 42 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
D-FI MANAGEMENT
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URBAN HERITAGE
BE 0776.584.176
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DSJ Projects
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CARODEL
BE 0429.184.022
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CLAES-SMEYERS
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 3,529 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2012
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.