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VIRTUESOFT TECHSOLUTIONS

Active
Private limited companyfounded 2024active for 2 yearsSchoonaardestraat 6, 3071 Kortenberg, BelgiumKBO/BCE: BE 1009.040.223

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 19-08-2025 at the NBB

Turnover
≈ €170,000
Estimated: probably between €150,000 and €240,000
Total assets
€71,568
Net result
€41,567
Working capital
€28,424

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €71,568
Fixed assets €16,153
Current assets €55,415
Equity and liabilities €71,568
Equity €44,577
Debt €26,991
Debt's share of the balance-sheet total is 37.7%.
Key figures and ratios
2025 value
EBITDA
€54,913
Cash flow
€43,560
Current ratio
2.05
Debt to equity
0.61
ROE
93.2%
ROA
58.1%
Interest coverage
over 100
Debt ≤ 1 year
€26,991
Income taxes
€11,273
Staff costs
€60,265

Investments

fixed assets acquired
Item30-06-2025
Tangible fixed assets€18,146
Depreciation and write-downs of the year€1,993

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€71,568
Fixed assets21/28€16,153
Tangible fixed assets22/27€16,153
Plant, machinery and equipment23€1,424
Furniture and vehicles24€14,729
Current assets29/58€55,415
Amounts receivable within one year40/41€16,838
Trade receivables40€14,520
Other amounts receivable41€2,318
Cash at bank and in hand54/58€38,576
Equity and liabilities
Total equity and liabilities10/49€71,568
Equity10/15€44,577
Contributions10/11€3,010
Profit (loss) carried forward14€41,567
Amounts payable17/49€26,991
Amounts payable within one year42/48€26,991
Trade debts44€640
Suppliers440/4€640
Taxes, remuneration and social security45€26,351
Taxes450/3€18,241
Remuneration and social security454/9€8,110
Income statement Code2025
Remuneration, social security and pensions62€60,265
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,993
Other operating charges640/8€783
Gross operating margin9900€115,961
Operating profit (loss)9901€52,920
Financial charges65/66B€80
Recurring financial charges65€80
Profit (loss) for the period before taxes9903€52,840
Income taxes67/77€11,273
Profit (loss) for the period9904€41,567
Profit (loss) for the period to be appropriated9905€41,567
Appropriation of the result
Profit (loss) to be appropriated9906€41,567

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 19-08-2025.

Line2025
Remuneration, social security and pensions62€60,265
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,993
Other operating charges640/8€783
Gross operating margin9900€115,961
Operating profit (loss)9901€52,920
Financial charges65/66B€80
Recurring financial charges65€80
Profit (loss) for the period before taxes9903€52,840
Income taxes67/77€11,273
Profit (loss) for the period9904€41,567
Profit (loss) for the period to be appropriated9905€41,567
Line2025
Assets
Total assets20/58€71,568
Fixed assets21/28€16,153
Tangible fixed assets22/27€16,153
Plant, machinery and equipment23€1,424
Furniture and vehicles24€14,729
Current assets29/58€55,415
Amounts receivable within one year40/41€16,838
Trade receivables40€14,520
Other amounts receivable41€2,318
Cash at bank and in hand54/58€38,576
Equity and liabilities
Total equity and liabilities10/49€71,568
Equity10/15€44,577
Contributions10/11€3,010
Profit (loss) carried forward14€41,567
Amounts payable17/49€26,991
Amounts payable within one year42/48€26,991
Trade debts44€640
Suppliers440/4€640
Taxes, remuneration and social security45€26,351
Taxes450/3€18,241
Remuneration and social security454/9€8,110
Line2025
Profit (loss) for the period9904€41,567
+ Depreciation and write-downs630€1,993
Operating cash flow (approximation)€43,560

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 39,278 companies had the same profile as VIRTUESOFT TECHSOLUTIONS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of VIRTUESOFT TECHSOLUTIONS itself is lower: < 0.1% within 12 months. It rests on far more data about VIRTUESOFT TECHSOLUTIONS than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for VIRTUESOFT TECHSOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
30-06-2025 micro format 19-08-2025 2025-00388554 PDF

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