VIRSAN
ActiveSummary
VIRSAN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,214 and a net result of €18,346. Equity is growing by ~9.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,758 | €17,906 | €17,830 | €17,193 | €17,651 | ▲ 2.7% |
| Other operating charges640/8 | €3,162 | €3,970 | €3,925 | €4,662 | €4,848 | ▲ 4.0% |
| Gross operating margin9900 | €39,663 | €42,390 | €31,441 | €42,818 | €47,575 | ▲ 11.1% |
| Operating profit (loss)9901 | €18,743 | €20,514 | €9,686 | €20,963 | €25,076 | ▲ 19.6% |
| Financial income75/76B | €1,857 | - | - | €979 | - | - |
| Recurring financial income75 | €1,857 | - | - | €979 | - | - |
| Non-recurring financial income76B | - | - | - | €979 | - | - |
| Financial charges65/66B | €5,393 | €504 | €240 | €75 | €45 | ▼ 40.0% |
| Recurring financial charges65 | €5,393 | €504 | €240 | €75 | €45 | ▼ 40.0% |
| Profit (loss) for the period before taxes9903 | €15,207 | €20,010 | €9,446 | €21,867 | €25,031 | ▲ 14.5% |
| Income taxes67/77 | - | - | €11,987 | €5,983 | €6,685 | ▲ 11.7% |
| Profit (loss) for the period9904 | €15,207 | €20,010 | -€2,541 | €15,884 | €18,346 | ▲ 15.5% |
| Profit (loss) for the period to be appropriated9905 | €15,207 | €20,010 | -€2,541 | €15,884 | €18,346 | ▲ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419,147 | €409,247 | €402,207 | €419,504 | €426,006 | ▲ 1.5% |
| Fixed assets21/28 | €416,832 | €399,696 | €381,866 | €367,273 | €353,201 | ▼ 3.8% |
| Tangible fixed assets22/27 | €416,832 | €399,696 | €381,866 | €367,273 | €353,201 | ▼ 3.8% |
| Land and buildings22 | €416,098 | €399,331 | €381,794 | €366,454 | €352,558 | ▼ 3.8% |
| Plant, machinery and equipment23 | €235 | €80 | - | €819 | €643 | ▼ 21.5% |
| Furniture and vehicles24 | €499 | €285 | €72 | - | - | - |
| Current assets29/58 | €2,315 | €9,551 | €20,341 | €52,231 | €72,805 | ▲ 39.4% |
| Cash at bank and in hand54/58 | €2,315 | €9,551 | €20,341 | €52,231 | €72,805 | ▲ 39.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419,147 | €409,247 | €402,207 | €419,504 | €426,006 | ▲ 1.5% |
| Equity10/15 | €122,515 | €142,525 | €139,984 | €155,868 | €174,214 | ▲ 11.8% |
| Contributions10/11 | €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 | €60,515 | €80,525 | €77,984 | €93,868 | €112,214 | ▲ 19.5% |
| 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 | = |
| Distributable reserves133 | €54,315 | €74,325 | €71,784 | €87,668 | €106,014 | ▲ 20.9% |
| Amounts payable17/49 | €296,632 | €266,722 | €262,223 | €263,636 | €251,792 | ▼ 4.5% |
| Amounts payable after more than one year17 | €13,316 | - | - | - | - | - |
| Financial debts170/4 | €13,316 | - | - | - | - | - |
| Amounts payable within one year42/48 | €283,316 | €266,722 | €262,223 | €263,636 | €251,792 | ▼ 4.5% |
| Current portion of amounts payable after more than one year42 | €15,872 | €13,315 | €314 | - | - | - |
| Trade debts44 | - | - | €6,493 | - | €1,089 | - |
| Suppliers440/4 | - | - | €6,493 | - | €1,089 | - |
| Taxes, remuneration and social security45 | €7,392 | - | €2,585 | €8,568 | €6,679 | ▼ 22.0% |
| Taxes450/3 | €1,288 | - | €2,585 | €8,568 | €6,679 | ▼ 22.0% |
| Remuneration and social security454/9 | €6,104 | - | - | - | - | - |
| Other amounts payable47/48 | €260,052 | €253,407 | €252,831 | €255,068 | €244,024 | ▼ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,207 | €20,010 | -€2,541 | €15,884 | €18,346 | ▲ 15.5% |
| + Depreciation and write-downs630 | €17,758 | €17,906 | €17,830 | €17,193 | €17,651 | ▲ 2.7% |
| Operating cash flow (approximation) | €32,965 | €37,916 | €15,289 | €33,077 | €35,997 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€770 | €0 | -€2,600 | -€3,579 | ▼ 37.7% |
| Change in cash | - | €7,236 | €10,790 | €31,890 | €20,574 | ▼ 35.5% |
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
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About the unread acts
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73075A0474/00H000 | Flanders | 522 m² | 1 · 373 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.