VISA EXPRESS DOCUMENTS
Bankruptcy closedInactive since 21-04-2026; last annual accounts for fiscal year 2023.
Summary
VISA EXPRESS DOCUMENTS was declared bankrupt on 29-09-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-04-2026, published in the Belgian State Gazette on 28-04-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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 Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Tourist information services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€31,470▲ 6.4%
2022 · €29,570
Total assets
€44,253▲ 5.6%
2022 · €41,899
Net result
€1,899
2022 · -€10,806
Working capital
€29,390▲ 6.7%
2022 · €27,533
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
Line20192020202120222023
Operating result€24,797▲ 373%€2,347▼ 90.5%-€1,336-€7,283▼ 445%€1,298
Net result€22,000▲ 542%€2,015▼ 90.8%-€1,533-€10,806▼ 605%€1,899
Equity€39,895▲ 123%€41,910▲ 5.1%€40,377▼ 3.7%€29,570▼ 26.8%€31,470▲ 6.4%
Total assets€62,940▲ 44.6%€56,453▼ 10.3%€50,460▼ 10.6%€41,899▼ 17.0%€44,253▲ 5.6%
Debt€23,045▼ 10.1%€14,543▼ 36.9%€10,084▼ 30.7%€12,329▲ 22.3%€12,783▲ 3.7%
Working capital-€82▲ 98.9%€3,049€2,783▼ 8.7%€27,533▲ 889%€29,390▲ 6.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €1,298 after a loss of €7,283 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €44,253
Fixed assets
€2,080 ▼ 5.3%
Current assets
€42,173 ▲ 6.2%
Equity and liabilities €44,253
Equity
€31,470 ▲ 6.4%
Debt
€12,783 ▲ 3.7%
Debt's share of the balance-sheet total falls from 29.4% to 28.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1,614▲
2022 · -€6,963
Cash flow
€2,215▲
2022 · -€10,487
Current ratio
3.30▲
2022 · 3.26
Debt to equity
0.41▼
2022 · 0.42
ROE
6.0%▲
2022 · -36.5%
ROA
4.3%▲
2022 · -25.8%
Interest coverage
4.73▲
2022 · -10.97
Debt ≤ 1 year
€12,783▲
2022 · €12,171
Income taxes
€156▼
2022 · €4,655
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,267 | €1,267 | €1,267 | €319 | €316 | ▼ 1.1% |
| Other operating charges640/8 | - | - | €37 | €6,344 | €281 | ▼ 95.6% |
| Gross operating margin9900 | €26,926 | €4,216 | -€33 | -€620 | €1,895 | ▲ 406% |
| Operating profit (loss)9901 | €24,797 | €2,347 | -€1,336 | -€7,283 | €1,298 | ▲ 118% |
| Financial income75/76B | - | - | - | €1,766 | €1,099 | ▼ 37.8% |
| Recurring financial income75 | €876 | €875 | - | €1,766 | €1,099 | ▼ 37.8% |
| Financial charges65/66B | - | - | €52 | €635 | €341 | ▼ 46.2% |
| Recurring financial charges65 | €115 | €254 | €52 | €635 | €341 | ▼ 46.2% |
| Profit (loss) for the period before taxes9903 | €25,558 | €2,967 | -€1,388 | -€6,151 | €2,056 | ▲ 133% |
| Income taxes67/77 | €3,557 | €953 | €146 | €4,655 | €156 | ▼ 96.6% |
| Profit (loss) for the period9904 | €22,000 | €2,015 | -€1,533 | -€10,806 | €1,899 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | €22,000 | €2,015 | -€1,533 | -€10,806 | €1,899 | ▲ 118% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,940 | €56,453 | €50,460 | €41,899 | €44,253 | ▲ 5.6% |
| Fixed assets21/28 | €40,128 | €38,861 | €37,594 | €2,196 | €2,080 | ▼ 5.3% |
| Tangible fixed assets22/27 | €4,749 | €3,482 | €2,215 | €1,896 | €1,580 | ▼ 16.7% |
| Furniture and vehicles24 | - | - | €3 | - | - | - |
| Other tangible fixed assets26 | - | - | €2,212 | €1,896 | €1,580 | ▼ 16.7% |
| Financial fixed assets28 | €35,379 | €35,379 | €35,379 | €300 | €500 | ▲ 66.7% |
| Current assets29/58 | €22,812 | €17,592 | €12,867 | €39,704 | €42,173 | ▲ 6.2% |
| Amounts receivable after more than one year29 | - | - | - | €35,000 | €39,599 | ▲ 13.1% |
| Other amounts receivable291 | - | - | - | €35,000 | €39,599 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €20,079 | €14,222 | €11,438 | €4,568 | €642 | ▼ 85.9% |
| Trade receivables40 | - | - | €6,999 | €1,068 | €642 | ▼ 39.9% |
| Other amounts receivable41 | - | - | €4,440 | €3,500 | - | - |
| Cash at bank and in hand54/58 | €208 | €1,792 | - | €136 | €1,813 | ▲ 1,237% |
| Deferred charges and accrued income490/1 | - | - | €1,428 | - | €119 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,940 | €56,453 | €50,460 | €41,899 | €44,253 | ▲ 5.6% |
| Equity10/15 | €39,895 | €41,910 | €40,377 | €29,570 | €31,470 | ▲ 6.4% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €27,286 | €29,301 | €29,301 | €29,301 | €29,301 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €27,441 | €27,441 | €27,441 | = |
| Profit (loss) carried forward14 | €6,409 | €6,409 | €4,876 | -€5,930 | -€4,031 | ▲ 32.0% |
| Amounts payable17/49 | €23,045 | €14,543 | €10,084 | €12,329 | €12,783 | ▲ 3.7% |
| Amounts payable within one year42/48 | €22,895 | €14,543 | €10,084 | €12,171 | €12,783 | ▲ 5.0% |
| Financial debts43 | - | - | €480 | - | - | - |
| Credit institutions430/8 | - | - | €480 | - | - | - |
| Trade debts44 | €8,738 | €7,787 | €3,646 | €796 | €1,669 | ▲ 110% |
| Suppliers440/4 | - | - | €3,646 | €796 | €1,669 | ▲ 110% |
| Taxes, remuneration and social security45 | - | - | €4,627 | €9,558 | €9,595 | ▲ 0.4% |
| Taxes450/3 | - | - | €4,627 | €9,558 | €9,595 | ▲ 0.4% |
| Other amounts payable47/48 | - | - | €1,331 | €1,816 | €1,519 | ▼ 16.4% |
| Accrued charges and deferred income492/3 | - | - | - | €158 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,000 | €2,015 | -€1,533 | -€10,806 | €1,899 | ▲ 118% |
| + Depreciation and write-downs630 | €1,267 | €1,267 | €1,267 | €319 | €316 | ▼ 1.1% |
| Operating cash flow (approximation) | €23,267 | €3,282 | -€267 | -€10,487 | €2,215 | ▲ 121% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €35,079 | -€200 | ▼ 101% |
| Change in cash | - | €1,584 | - | - | €1,678 | - |
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
28-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 14-04-2026
2025
06-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-09-2025
08-08
KBO administration
Address struck
Louizalaan 523 1050 Die Sitzadresse Avenue Louise / Louizalaan
Ixelles · event 27-07-2025
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
31-12
Financial
Back to profitnet €1,899
Net result €1,899 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€10,806
Net result drops to -€10,806, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.26
Current ratio from 1.28 to 3.26.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Highest result since 2018net €22,000 ▲542%
Operating result €24,797, net result €22,000, both a record.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
22-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 144 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
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.
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Directors · office · real estate
Directors
3 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, Elsene
Ground area
3,529 m²
Building footprint
1,878 m²
Volume, LiDAR
44,063 m³
Parcel 21822R0226/00W011, Brussels · tallest building 38.1 m, ±7 floors. Linked by address, not a title deed.
336
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 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 | NICOLAS VAN DER BORGHT AVENUE DE FRE 229,
1180 FR BRUXELLES 18 |
29-09-2025 → 14-04-2026 |
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Of 1,843 companies in sector 79901 we hold annual accounts for 146. 101 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 (pre-2019)
Founded10-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
79901Tourist information services
46140Agents in the wholesale of industrial machinery, ships and aircraft
46180Agents specialised in the wholesale of other particular products
46730Wholesale trade
63920Other information service activities
64999Other financial services
70200Business and other management consultancy
82100Office administrative and support services
82400Office administrative, office support and other business support activities
96999Other personal services
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.