Virtual Zone
Bankruptcy closedInactive since 26-09-2026; last annual accounts for fiscal year 2023.
Summary
Virtual Zone was declared bankrupt on 10-04-2025 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed by liquidation by judgment of 21-09-2026, published in the Belgian State Gazette on 25-09-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 1 filingDeviation from the deadline
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2023 accounts 30 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€14,649
Total assets
€123,487
Net result
-€10,351
Working capital
€2,092
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €121,707
Fixed assets
€92,917
Current assets
€28,791
Equity and liabilities €123,487
Equity
€14,649
Debt
€108,838
Debt finances 88.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€7,684
Cash flow
€4,979
Current ratio
1.08
Quick ratio
1.03
Debt to equity
7.43
ROE
-70.7%
ROA
-8.4%
Interest coverage
2.51
Debt ≤ 1 year
€26,699
Debt > 1 year
€82,139
Staff costs
€11,538
Annual accounts
| Line | 2023 |
|---|---|
| Remuneration, social security and pensions62 | €11,538 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,330 |
| Other operating charges640/8 | €5,549 |
| Gross operating margin9900 | €24,770 |
| Operating profit (loss)9901 | -€7,646 |
| Financial income75/76B | €352 |
| Recurring financial income75 | €352 |
| Financial charges65/66B | €3,057 |
| Recurring financial charges65 | €3,057 |
| Profit (loss) for the period before taxes9903 | -€10,351 |
| Profit (loss) for the period9904 | -€10,351 |
| Profit (loss) for the period to be appropriated9905 | -€10,351 |
| Line | 2023 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €123,487 | |
| Formation expenses20 | €1,780 | |
| Fixed assets21/28 | €92,917 | |
| Tangible fixed assets22/27 | €82,574 | |
| Land and buildings22 | €3,638 | |
| Plant, machinery and equipment23 | €78,936 | |
| Financial fixed assets28 | €10,343 | |
| Current assets29/58 | €28,791 | |
| Stocks and contracts in progress3 | €1,424 | |
| Stocks30/36 | €1,424 | |
| Amounts receivable within one year40/41 | €2,530 | |
| Trade receivables40 | €1,914 | |
| Other amounts receivable41 | €617 | |
| Cash at bank and in hand54/58 | €24,444 | |
| Deferred charges and accrued income490/1 | €392 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €123,487 | |
| Equity10/15 | €14,649 | |
| Contributions10/11 | €25,000 | |
| Profit (loss) carried forward14 | -€10,351 | |
| Amounts payable17/49 | €108,838 | |
| Amounts payable after more than one year17 | €82,139 | |
| Other amounts payable178/9 | €82,139 | |
| Amounts payable within one year42/48 | €26,699 | |
| Current portion of amounts payable after more than one year42 | €17,861 | |
| Trade debts44 | €738 | |
| Suppliers440/4 | €738 | |
| Taxes, remuneration and social security45 | €7,470 | |
| Taxes450/3 | €3,682 | |
| Remuneration and social security454/9 | €3,787 | |
| Other amounts payable47/48 | €631 | |
| Line | 2023 |
|---|---|
| Profit (loss) for the period9904 | -€10,351 |
| + Depreciation and write-downs630 | €15,330 |
| Operating cash flow (approximation) | €4,979 |
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
25-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Brugge · event 21-09-2026
2025
16-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 10-04-2025
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
SignalNBB filing
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Brugge
Ground area
264 m²
Building footprint
227 m²
Volume, LiDAR
1,875 m³
Parcel 31804D0585/00N000, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0585/00N000 | Flanders | 264 m² | 1 · 227 m² | 13.5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRAM WALSCHAP WIEDAUWBOS 68, 8310 BRUGGE- |
10-04-2025 → 21-09-2026 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.343.669.458