VISAL
ActiveVISAL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €717k and a net result of €3k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-14
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.16 in 2024; short-term debt: 9.5% and cash: 1% of total assets), and 9.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
90.5%
Return on assets
0.4%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
on the day
2023
on the day
2022
34 d early
2021
54 d early
2020
39 d early
2019
43 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€717k▲ 80.3%
2024 · €398k
2018: €-2k
2019: €9k
2020: €27k
2021: €382k
2022: €383k
2023: €385k
2024: €398k
2018 → 2025
Total assets
€792k▲ 72.6%
2024 · €459k
2018: €299k
2019: €348k
2020: €333k
2021: €473k
2022: €432k
2023: €468k
2024: €459k
2018 → 2025
Net result
€3k▼ 74.2%
2024 · €12k
2018: €-12k
2019: €11k
2020: €19k
2021: €355k
2022: €309
2023: €3k
2024: €12k
2018 → 2025
Working capital
€70k▼ 0.7%
2024 · €71k
2018: €-284k
2019: €-273k
2020: €-258k
2021: €76k
2022: €75k
2023: €77k
2024: €71k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€382k-€383k▲ 0.1%€385k▲ 0.7%€398k▲ 3.2%€717k▲ 80.3%
Operating result€4k-€4k▼ 4.3%€10k▲ 152%€25k▲ 148%€6k▼ 76.8%
Net result€355k-€309▼ 99.9%€3k▲ 769%€12k▲ 359%€3k▼ 74.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €792k
Fixed assets
€647k▲ 97.8%
Current assets
€145k▲ 10.1%
Equity and liabilities €792k
Equity
€717k▲ 80.3%
Debt
€75k▲ 22.5%
The debt ratio falls from 13.3% to 9.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▼
2024 · €36k
Cash flow
€19k▼
2024 · €23k
Solvency
90.5%▲
2024 · 86.7%
Current ratio
1.94▼
2024 · 2.16
Quick ratio
1.94▼
2024 · 2.16
Debt / equity
0.10▼
2024 · 0.15
ROE
0.4%▼
2024 · 3.1%
ROA
0.4%▼
2024 · 2.7%
Interest coverage
4.65▼
2024 · 8.47
Debt
€75k▲
2024 · €61k
Debt ≤ 1 year
€75k▲
2024 · €61k
Income taxes
€9k▼
2024 · €11k
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 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€459k€792k▲
Fixed assets21/28€327k€647k▲
Tangible fixed assets22/27€46k€34k▼
Plant, machinery and equipment23€32k€22k▼
Furniture and vehicles24€14k€12k▼
Financial fixed assets28€281k€613k▲
Current assets29/58€132k€145k▲
Amounts receivable within one year40/41€20k€29k▲
Trade receivables40€18k€23k▲
Other amounts receivable41€2k€7k▲
Current investments50/53€100k€108k▲
Cash at bank and in hand54/58€11k€8k▼
Deferred charges and accrued income490/1€500€0▼
Equity and liabilities
Total equity and liabilities10/49€459k€792k▲
Equity10/15€398k€717k▲
Contributions10/11€19k€19k=
Revaluation surpluses12-€316k
Reserves13€379k€382k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€379k€382k▲
Amounts payable17/49€61k€75k▲
Amounts payable within one year42/48€61k€75k▲
Financial debts43€7k€7k▼
Credit institutions430/8€7k€7k▼
Trade debts44€12k€3k▼
Suppliers440/4€12k€3k▼
Taxes, remuneration and social security45€2k€9k▲
Taxes450/3€2k€9k▲
Other amounts payable47/48€40k€56k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€16k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€38k€23k▼
Operating profit (loss)9901€25k€6k▼
Financial income75/76B€2k€11k▲
Recurring financial income75€2k€11k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€23k€13k▼
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€12k€3k▼
Profit (loss) for the period to be appropriated9905€12k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€3k▼
Transfer to equity691/2€12k€3k▼
To other reserves6921€12k€3k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €500kEq €717k ▲80.3%
7 profitable years in a row build equity to €717k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €355k ▲1786%
Net result €355k, the highest in the series.
30-09
Financial
Liquidity times 12current ratio 1.84
Current ratio from 0.15 to 1.84; short-term debt falls from €305k to €91k.
30-09
Financial
Equity above €200kEq €382k ▲1293%
3 profitable years in a row build equity to €382k.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Harelbeke · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Potteriehoek 68531 HarelbekeGround area
6,164 m²
Building footprint
205 m²
Volume, LiDAR
460 m³
Parcel 34017B0094/00B000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VISAL
since 20122.208.190.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017B0094/00B000 | Flanders | 6,164 m² | 1 · 205 m² | 5.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 2,055 EUR awarded · 2,055 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,120 EUR | 1,120 EUR |
| 2022 | 2 | 935 EUR | 935 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Legal Entity Identifier
9845009AFGDD86D50638
Similar companies · same sector, comparable size
Tado Tado
BE 0478.419.836
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EXCENTRIC INTERIORS
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Ninove · Eq €729k
COSMO BELGIUM
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BISS
BE 0477.656.506
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DUO KEUKEN DESIGN
BE 0877.534.155
Zonhoven · Eq €702k
Of 1,745 companies in sector 46150 we hold annual accounts for 757. 406 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2012
Fiscal year end30-09
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.