VIRTEO
Bankruptcy closedInactive since 11-06-2026; last annual accounts for fiscal year 2020.
Summary
VIRTEO was declared bankrupt on 03-11-2021 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 08-06-2026, published in the Belgian State Gazette on 12-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-06-2021, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
36 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Computer programming sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, abbreviated schema
Equity
-€107,615
2019 · €232,925
Total assets
€1.6m▼ 4.6%
2019 · €1.7m
Net result
-€913,085▲ 12.3%
2019 · -€1.0m
Working capital
-€582,896▼ 97.2%
2019 · -€295,576
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result-€886,094--€1.0m▼ 16.4%-€905,325▲ 12.2%
Net result-€891,717--€1.0m▼ 16.7%-€913,085below the sector's middle half▲ 12.3%
Equity€941,212-€232,925▼ 75.3%-€107,615below the sector's middle half
Total assets€2.2m-€1.7m▼ 22.9%€1.6mabove the sector's middle half▼ 4.6%
Debt€1.3m-€1.4m▲ 11.1%€1.7m▲ 19.3%
Working capital€37,696--€295,576-€582,896▼ 97.2%
Solvency42.1%-13.5%▼ 28.6pp-6.5%below the sector's middle half▼ 20.1pp
Staff (FTE)8.7-9.4▲ 8.0%10.4within the sector's middle half▲ 10.6%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €905,325 in 2020 against €1.0m in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.3m ▼ 21.2%
Current assets
€365,087 ▲ 265%
Key figures and ratios
EBITDA
-€226,028▲
2019 · -€414,955
Cash flow
-€233,788▲
2019 · -€424,460
Current ratio
0.39▲
2019 · 0.25
Debt to equity
-7.00▼
2019 · 4.29
ROA
-55.5%▲
2019 · -60.4%
Debt ≤ 1 year
€947,983▲
2019 · €395,473
Debt > 1 year
€753,604▼
2019 · €1.0m
Income taxes
€2,233▼
2019 · €2,707
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €516,449 | €616,381 | €679,297 | ▲ 10.2% |
| Gross operating margin9900 | €340,094 | €385,878 | €606,266 | ▲ 57.1% |
| Operating profit (loss)9901 | -€886,094 | -€1.0m | -€905,325 | ▲ 12.2% |
| Recurring financial income75 | €29,148 | €27,594 | €27,600 | = |
| Recurring financial charges65 | €32,041 | €34,392 | €33,127 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | -€888,986 | -€1.0m | -€910,852 | ▲ 12.3% |
| Income taxes67/77 | €2,731 | €2,707 | €2,233 | ▼ 17.5% |
| Profit (loss) for the period9904 | -€891,717 | -€1.0m | -€913,085 | ▲ 12.3% |
| Profit (loss) for the period to be appropriated9905 | -€891,717 | -€1.0m | -€913,085 | ▲ 12.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.2m | €1.7m | €1.6m | ▼ 4.6% |
| Fixed assets21/28 | €1.9m | €1.6m | €1.3m | ▼ 21.2% |
| Intangible fixed assets21 | €1.9m | €1.6m | €1.3m | ▼ 21.2% |
| Tangible fixed assets22/27 | €9,181 | €5,613 | €4,577 | ▼ 18.5% |
| Current assets29/58 | €313,889 | €99,896 | €365,087 | ▲ 265% |
| Amounts receivable within one year40/41 | €74,916 | €75,397 | €74,508 | ▼ 1.2% |
| Cash at bank and in hand54/58 | €229,231 | €18,041 | €256,247 | ▲ 1,320% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.2m | €1.7m | €1.6m | ▼ 4.6% |
| Equity10/15 | €941,212 | €232,925 | -€107,615 | ▼ 146% |
| Contributions10/11 | €3.6m | €4.0m | €4.6m | ▲ 15.0% |
| Profit (loss) carried forward14 | -€2.8m | -€3.8m | -€4.7m | ▼ 24.0% |
| Provisions and deferred taxes16 | - | €53,000 | €37,000 | ▼ 30.2% |
| Amounts payable17/49 | €1.3m | €1.4m | €1.7m | ▲ 19.3% |
| Amounts payable after more than one year17 | €1.0m | €1.0m | €753,604 | ▼ 24.6% |
| Amounts payable within one year42/48 | €276,193 | €395,473 | €947,983 | ▲ 140% |
| Trade debts44 | €117,857 | €168,085 | €265,463 | ▲ 57.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€891,717 | -€1.0m | -€913,085 | ▲ 12.3% |
| + Depreciation and write-downs630 | €516,449 | €616,381 | €679,297 | ▲ 10.2% |
| Operating cash flow (approximation) | -€375,268 | -€424,460 | -€233,788 | ▲ 44.9% |
| Investment in fixed assets (approximation) | - | -€318,946 | -€335,395 | ▼ 5.2% |
| Change in cash | - | -€211,189 | €238,205 | ▲ 213% |
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
2026
12-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 08-06-2026
2021
09-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 03-11-2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€1.0m
Net result drops to -€1.0m, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
2014
22-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
02-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
27-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
25 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, Mechelen
Ground area
6,629 m²
Building footprint
473 m²
Volume, LiDAR
3,047 m³
Parcel 12402A0187/00B002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0187/00B002 | Flanders | 6,629 m² | 1 · 473 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS VAN DEN BERGHEN FREDERIK DE MERODE-
STRAAT 94-96, 2800 MECHELEN |
03-11-2021 → 08-06-2026 |
Structure & network
Owners and holdings
4 ownersOwners 4
-
38.82%
-
12.99%
-
11.3%
- Sourceaccounts ZENKA 20220.85%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPublic limited company
Founded23-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.