Virtual Words
ActiveSummary
Virtual Words has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €214k and a net result of €20k. Equity is growing by ~45.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 255 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-5
Solvency90▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 4.5 in 2024; short-term debt: 35.3% and cash: 66.4% of total assets), and 35.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.7%
Return on assets
6.2%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
31 d late
2023
29 d late
2022
29 d late
2021
23 d late
2020
6 d late
2019
77 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€214k▼ 15.1%
2024 · €252k
Total assets
€331k▲ 4.0%
2024 · €318k
Net result
€20k▼ 35.8%
2024 · €32k
Working capital
€194k▼ 16.1%
2024 · €231k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€39k▼ 35.2%€102k▲ 163%€87k▼ 13.8%€45k▼ 48.5%€29k▼ 35.0%
Net result€26k▼ 38.0%€72k▲ 181%€63k▼ 12.8%€32k▼ 49.1%€20k▼ 35.8%
Equity€94k▲ 37.6%€166k▲ 76.6%€228k▲ 37.8%€252k▲ 10.5%€214k▼ 15.1%
Total assets€243k▲ 44.7%€300k▲ 23.5%€316k▲ 5.5%€318k▲ 0.6%€331k▲ 4.0%
Debt€149k▲ 49.6%€134k▼ 10.0%€88k▼ 34.4%€66k▼ 24.9%€117k▲ 76.8%
Working capital€74k▲ 53.1%€141k▲ 91.1%€207k▲ 47.0%€231k▲ 11.8%€194k▼ 16.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331k
Fixed assets
€20k ▼ 3.0%
Current assets
€311k ▲ 4.5%
Equity and liabilities €331k
Equity
€214k ▼ 15.1%
Debt
€117k ▲ 76.8%
Debt's share of the balance-sheet total rises from 20.8% to 35.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▼
2024 · €48k
Cash flow
€23k▼
2024 · €35k
Current ratio
2.66▼
2024 · 4.50
Debt to equity
0.55▲
2024 · 0.26
ROE
9.5%▼
2024 · 12.6%
ROA
6.2%▼
2024 · 10.0%
Interest coverage
120.83▲
2024 · 99.41
Debt ≤ 1 year
€117k▲
2024 · €66k
Income taxes
€10k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €4k | €3k | €3k | ▼ 8.1% |
| Other operating charges640/8 | €393 | €479 | €394 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €40k | €105k | €91k | €49k | €33k | ▼ 33.0% |
| Operating profit (loss)9901 | €39k | €102k | €87k | €45k | €29k | ▼ 35.0% |
| Financial income75/76B | €66 | €680 | €967 | €965 | €1k | ▲ 10.3% |
| Recurring financial income75 | €66 | €680 | €967 | €965 | €1k | ▲ 10.3% |
| Financial charges65/66B | €893 | €647 | €380 | €484 | €266 | ▼ 45.1% |
| Recurring financial charges65 | €893 | €647 | €380 | €484 | €266 | ▼ 45.1% |
| Profit (loss) for the period before taxes9903 | €38k | €102k | €88k | €46k | €30k | ▼ 33.9% |
| Income taxes67/77 | €12k | €30k | €25k | €14k | €10k | ▼ 29.5% |
| Profit (loss) for the period9904 | €26k | €72k | €63k | €32k | €20k | ▼ 35.8% |
| Profit (loss) for the period to be appropriated9905 | €26k | €72k | €63k | €32k | €20k | ▼ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €243k | €300k | €316k | €318k | €331k | ▲ 4.0% |
| Fixed assets21/28 | €20k | €25k | €21k | €21k | €20k | ▼ 3.0% |
| Tangible fixed assets22/27 | €3k | €11k | €7k | €7k | €6k | ▼ 8.9% |
| Furniture and vehicles24 | €3k | €11k | €7k | €7k | €6k | ▼ 8.9% |
| Financial fixed assets28 | €17k | €14k | €14k | €14k | €14k | = |
| Current assets29/58 | €223k | €275k | €295k | €298k | €311k | ▲ 4.5% |
| Amounts receivable within one year40/41 | €121k | €121k | €90k | €67k | €90k | ▲ 33.6% |
| Trade receivables40 | €97k | €84k | €54k | €30k | €53k | ▲ 75.9% |
| Other amounts receivable41 | €24k | €37k | €36k | €37k | €37k | ▼ 0.2% |
| Cash at bank and in hand54/58 | €102k | €154k | €206k | €229k | €220k | ▼ 4.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €1k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €243k | €300k | €316k | €318k | €331k | ▲ 4.0% |
| Equity10/15 | €94k | €166k | €228k | €252k | €214k | ▼ 15.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €75k | €147k | €210k | €234k | €196k | ▼ 16.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | - | - |
| Distributable reserves133 | €73k | €145k | €208k | €232k | €196k | ▼ 15.6% |
| Amounts payable17/49 | €149k | €134k | €88k | €66k | €117k | ▲ 76.8% |
| Amounts payable within one year42/48 | €149k | €134k | €88k | €66k | €117k | ▲ 76.8% |
| Trade debts44 | €93k | €69k | €46k | €41k | €35k | ▼ 12.8% |
| Suppliers440/4 | €93k | €69k | €46k | €41k | €35k | ▼ 12.8% |
| Taxes, remuneration and social security45 | €29k | €35k | €23k | €6k | €16k | ▲ 167% |
| Taxes450/3 | €29k | €35k | €23k | €6k | €16k | ▲ 167% |
| Other amounts payable47/48 | €28k | €30k | €19k | €20k | €66k | ▲ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €72k | €63k | €32k | €20k | ▼ 35.8% |
| + Depreciation and write-downs630 | €1k | €3k | €4k | €3k | €3k | ▼ 8.1% |
| Operating cash flow (approximation) | €27k | €75k | €66k | €35k | €23k | ▼ 33.4% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | €-3k | €-2k | ▲ 16.0% |
| Change in cash | - | €52k | €51k | €24k | €-9k | ▼ 139% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €200kEq €228k ▲37.8%
6 profitable years in a row build equity to €228k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €72k ▲181%
Operating result €102k, net result €72k, both a record.
31-12
Financial
Equity above €150kEq €166k ▲76.6%
5 profitable years in a row build equity to €166k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
2019
31-12
Financial
Weakest financial yearnet €9k ▼58.5%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Etterbeek · 1 establishment unit since 1991
Ground area
3,170 m²
Building footprint
2,221 m²
Volume, LiDAR
21,757 m³
Parcel 21363B0348/00A002, Brussels · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
93
companies at this address
See who is registered here
1 establishment unit
VIRTUAL WORDS
since 19912.055.075.850
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00A002 | Brussels | 3,170 m² | 1 · 2,221 m² | 12.0 m · 3 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.
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Of 700 companies in sector 80010 we hold annual accounts for 349. 245 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
Founded07-11-1991
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
Scores and ratios are computed by Checked and are not a credit decision.