Visah
ActiveVisah has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-15k) and a net result of €-18k. Equity is shrinking by ~184.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
7
/ 100
Critical▼ -26 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▲+23
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.72 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
7 signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-593%
Return on assets
-687.9%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-02-2026, 171 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
171 d early
2024
9 d early
2023
1 d early
2022
3 d early
2021
47 d late
2020
144 d late
2019
31 d late
← before the deadline
after the deadline →
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
04-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-15k
2024 · €2k
2023: €6k
2024: €2k
2023 → 2025
Total assets
€3k▼ 91.6%
2024 · €31k
2023: €18k
2024: €31k
2023 → 2025
Net result
€-18k▼ 448%
2024 · €-3k
2023: €-7k
2024: €-3k
2023 → 2025
Working capital
€-15k▼ 92.5%
2024 · €-8k
2023: €-7k
2024: €-8k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€6k-€2k▼ 56.9%€-15k
Operating result€-7k-€3k€-4k
Net result€-7k-€-3k▲ 54.8%€-18k▼ 448%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €3k in 2024.
Key figures and ratios
EBITDA
€-4k▼
2024 · €6k
Cash flow
€-18k▼
2024 · €-691
Solvency
-593.0%▼
2024 · 7.9%
Current ratio
0.14▼
2024 · 0.72
Quick ratio
0.14▼
2024 · 0.72
Debt / equity
-1.17▼
2024 · 11.58
ROE
116.0%▲
2024 · -132.2%
ROA
-687.9%▼
2024 · -10.5%
Interest coverage
-15.04▼
2024 · 51.88
Debt
€18k▼
2024 · €28k
Debt ≤ 1 year
€18k▼
2024 · €28k
Income taxes
€14k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025
Balance sheet
Code2025
Total assets
20/58€3k
Fixed assets
21/28€0
Tangible fixed assets
22/27€0
Current assets
29/58€3k
Amounts receivable within one year
40/41€2k
Cash & bank
54/58€754
Total equity & liabilities
10/49€3k
Equity
10/15€-15k
Contributions / capital
10/11€6k
Accumulated profits (losses)
14€-22k
Amounts payable
17/49€18k
Amounts payable within one year
42/48€18k
Trade debts payable within one year
44€209
Income statement
Code2025
Gross operating margin
9900€-2k
Operating result
9901€-4k
Financial income
75€0
Financial charges
65€255
Result before taxes
9903€-4k
Income taxes
67/77€14k
Net result for the period
9904€-18k
Result to be appropriated
9905€-18k
This is the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
State Gazette act
Open capture
Act object · General meeting · Name change · Seat change · Ellen Van Riet
19-02
State Gazette act
Director changes
v3.2
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 47 days late
03-03
State Gazette act
Registered-office change
v3.2
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 144 days late
19-08
State Gazette act
Registered-office change
v3.2
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
19-02
State Gazette act
Incorporation
oprichting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
5 of 5 acts read
Directors · office · real estate
Directors
1 director, no change since 2026
Wim Spinoy
CurrentDirector · since 19-02-2026
19-02-2026
Resigned as Manager
19-02-2026
Mandate renewed as Director
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2018
Ground area
482 m²
Building footprint
126 m²
Volume, LiDAR
1,005 m³
Parcel 23036C0247/00B000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VISAH
since 20182.273.483.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23036C0247/00B000 | Flanders | 482 m² | 1 · 126 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
GP MANAGEMENT & EVENTS
BE 0758.396.280
Namur · Eq €3k
VAN EYCK SPORT
BE 0639.904.644
Ternat · Eq €3k
Da & Co
BE 0744.608.226
Waregem · Eq €3k
TIMELESS COMPANY
BE 1000.452.258
Soignies · Eq €3k
Eghezée Padel
BE 1016.646.211
Eghezée · Eq €2k
Of 1,404 companies in sector 93129 we hold annual accounts for 163. 53 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2018
Fiscal year end31-12
Activities, NACEBEL
93129Activities of other sports clubs
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 5 actsNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-07-2026. Scores and ratios are computed by Checked and are not a credit decision.