VIRGUL
VIRGUL has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.21M and a net result of €133k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 9984 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
| Equity | €1.21M |
| Net result | €133k |
| Staff (FTE) | 5.8 |
| Better than sector | 80% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.2% | 37.6% | |
| Net result | €133k | €30k | |
| Equity | €1.21M | €260k | |
| Gross operating margin | €432k | €227k | |
| Staff costs | €216k | €158k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €215k | €242k | €217k | €308k | €89k |
| Net profit | €133k | €157k | €126k | €196k | €21k |
| Cash flow | €190k | €191k | €159k | €241k | €86k |
| Staff costs | €216k | €193k | €190k | €199k | €180k |
| Income taxes | €58k | €70k | €59k | €86k | €3k |
| Dividends | €45k | - | - | - | - |
| Total assets | €1.75M | €1.72M | €1.50M | €1.32M | €1.37M |
| Equity | €1.21M | €1.12M | €967k | €841k | €645k |
| Debt | €540k | €594k | €530k | €476k | €723k |
| of which ≤ 1y | €455k | €493k | €406k | €330k | €553k |
| of which > 1y | €79k | €101k | €124k | €146k | €169k |
| Working capital | €1.07M | €1.08M | €918k | €807k | €598k |
| Employees (FTE) | 5.8 | 4.4 | 4.7 | 4.4 | 4.9 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.35 | 3.19 | 3.26 | 3.45 | 2.08 |
| Quick ratio | 2.54 | 2.36 | 2.10 | 2.33 | 1.48 |
| Working capital ratio | 60.9% | 62.9% | 61.4% | 61.3% | 43.7% |
| Solvency | 69.2% | 65.4% | 64.6% | 63.8% | 47.1% |
| Debt / equity | 0.45 | 0.53 | 0.55 | 0.57 | 1.12 |
| Long-term debt ratio | 0.06 | 0.09 | 0.13 | 0.17 | 0.26 |
| Interest coverage | 20.22 | 18.91 | 18.15 | 18.01 | 5.00 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 7.6% | 9.2% | 8.4% | 14.9% | 1.5% |
| ROE | 11.0% | 14.0% | 13.0% | 23.3% | 3.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.75M | €1.72M | €1.50M | €1.32M | €1.37M |
| Fixed assets | 21/28 | €230k | €144k | €172k | €180k | €217k |
| Tangible fixed assets | 22/27 | €229k | €143k | €171k | €179k | €215k |
| Financial fixed assets | 28 | €1k | €1k | €1k | €1k | €1k |
| Current assets | 29/58 | €1.52M | €1.57M | €1.32M | €1.14M | €1.15M |
| Stocks & contracts in progress | 3 | €368k | €411k | €470k | €367k | €330k |
| Amounts receivable within one year | 40/41 | €247k | €227k | €240k | €200k | €211k |
| Investments | 50/53 | €500k | €400k | €350k | - | - |
| Cash & bank | 54/58 | €406k | €535k | €262k | €567k | €609k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.75M | €1.72M | €1.50M | €1.32M | €1.37M |
| Equity | 10/15 | €1.21M | €1.12M | €967k | €841k | €645k |
| Contributions / capital | 10/11 | €131k | €131k | €131k | €131k | €131k |
| Reserves | 13 | €1.08M | €993k | €835k | €709k | €514k |
| Accumulated profits (losses) | 14 | €253 | €253 | €253 | €253 | €253 |
| Amounts payable | 17/49 | €540k | €594k | €530k | €476k | €723k |
| Amounts payable after one year | 17 | €79k | €101k | €124k | €146k | €169k |
| Amounts payable within one year | 42/48 | €455k | €493k | €406k | €330k | €553k |
| Trade debts payable within one year | 44 | €295k | €331k | €286k | €171k | €192k |
| Income statement | ||||||
| Gross operating margin | 9900 | €432k | €438k | €410k | €511k | €272k |
| Operating result | 9901 | €158k | €208k | €184k | €263k | €24k |
| Financial income | 75 | €44k | €32k | €13k | €36k | €18k |
| Financial charges | 65 | €11k | €13k | €12k | €17k | €18k |
| Result before taxes | 9903 | €191k | €227k | €185k | €282k | €24k |
| Income taxes | 67/77 | €58k | €70k | €59k | €86k | €3k |
| Net result for the period | 9904 | €133k | €157k | €126k | €196k | €21k |
| Result to be appropriated | 9905 | €133k | €157k | €126k | €196k | €21k |
-
BV RIGALegal entityDirectorState Gazette act 24040590 (07-03-2024)Current23-12-2023 → present
Permanent representatives (1)
-
BV RIGALegal entityPermanent representative· perm. rep.: Julie IdeState Gazette act 24040590 (07-03-2024)Permanent representative23-12-2023 → present
Former directors (1)
-
Julie IdeDirectorState Gazette act 24040590 (07-03-2024)Former- → 23-12-2023
| NACE primary | Retail sale of women's outerwear(47711) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 29-12-1986 |
| Status | Active |
| Postal code | 8490 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012C0110/00T000 | Flanders | 2,387 m² | 1 · 213 m² | 5.9 m · 1 fl. |
| 31804D1399/00C000 | Flanders | 702 m² | 1 · 223 m² | 14.8 m · 2 fl. |
| 31804D0801/00_000indicative | Flanders | 152 m² | 1 · 91 m² | 11.4 m · 3 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
07-03-2024 3 directors appointed, 1 resigning
- BV RIGA, Bestuurder
- Julie Ide, Vaste vertegenwoordiger
- BV accountants + belastingconsulenten huygens
- Julie Ide, Bestuurder
Technical details
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"statutory": "niet_statutair",
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"effective_date": "2023-12-23",
"evidence_quote": "De algemene vergadering beslist tot het ontslag van Julie Ide als niet-statutaire bestuurder, en dit met ingang op 23/12/2023. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
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"evidence_quote": "Rechtspersoon BV RIGA heeft Julie Ide benoemd als vaste vertegenwoordiger belast met de uitvoering van zijn bestuursmandaat in naam en voor rekening van de rechtspersoon, en dit met ingang op 23/12/2023.",
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"evidence_quote": "De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
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{
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"via_org": {
"kbo": "0846.667.270",
"name": "BV accountants \u002B belastingconsulenten huygens",
"address": "Pastorieplein 8, 8020 Oostkamp",
"country": "BE",
"legal_form": null
},
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"evidence_quote": "De algemene vergadering verleent volmacht aan BV accountants \u002B belastingconsulenten huygens, rechtspersoon met zetel te 8020 Oostkamp, Pastorieplein 8, RPR Gent, afdeling Brugge, gekend in de KBO onder nummer 0846.667.270, en aan diens aangestelden, voor onbepaalde tijd en tot aan de uitdrukkelijke ",
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],
"notary": {
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"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-03-07",
"filing_date": "2024-01-29",
"act_kind_objet": "Benoemingen - Ontslagen"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-23",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-12-23",
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},
{
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}
],
"is_correction": false,
"subject_company": {
"kbo": "0430.006.344",
"name_full": "VIRGUL",
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"co_filed_documents": [],
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}| Legal nameNL | VIRGUL |