VISAR
ActiveSummary
VISAR has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €164,233. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 398 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
short-term debt: 0.2% and cash: 5.6% of total assets, and 0.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
99.8%
Return on assets
13.6%
Age of the figures
9 mo
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
22 d early
2023
5 d early
2022
11 d early
2021
102 d early
2020
5 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 9 July (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 company by total assets in Chaumont-Gistoux, Manufacturing sector#2 company by equity in Chaumont-Gistoux, Manufacturing sector#7 oldest company in Chaumont-Gistoux, Manufacturing sector
Equity
€1.2m▲ 15.8%
2024 · €1.0m
Total assets
€1.2m▲ 14.4%
2024 · €1.1m
Net result
€164,233▼ 13.0%
2024 · €188,879
Working capital
€952,021▲ 22.9%
2024 · €774,621
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€98,702▼ 2.8%€162,162▲ 64.3%€84,235▼ 48.1%€204,028▲ 142%€176,875▼ 13.3%
Net result€86,447above the sector's middle half▼ 6.4%€143,174above the sector's middle half▲ 65.6%€83,357above the sector's middle half▼ 41.8%€188,879above the sector's middle half▲ 127%€164,233above the sector's middle half▼ 13.0%
Equity€695,711above the sector's middle half▼ 39.8%€764,484above the sector's middle half▲ 9.9%€847,841above the sector's middle half▲ 10.9%€1.0mabove the sector's middle half▲ 22.3%€1.2mabove the sector's middle half▲ 15.8%
Total assets€1.2mabove the sector's middle half▲ 5.6%€840,899above the sector's middle half▼ 32.4%€851,606above the sector's middle half▲ 1.3%€1.1mabove the sector's middle half▲ 23.5%€1.2mabove the sector's middle half▲ 14.4%
Debt€547,887▲ 2,284%€76,415▼ 86.1%€3,765▼ 95.1%€15,259▲ 305%€2,808▼ 81.6%
Working capital€466,556above the sector's middle half▼ 49.6%€477,834above the sector's middle half▲ 2.4%€572,575above the sector's middle half▲ 19.8%€774,621above the sector's middle half▲ 35.3%€952,021above the sector's middle half▲ 22.9%
Solvency55.9%within the sector's middle half▼ 42.1pp90.9%above the sector's middle half▲ 35.0pp99.6%above the sector's middle half▲ 8.6pp98.5%above the sector's middle half▼ 1.0pp99.8%above the sector's middle half▲ 1.2pp
Current ratio1.85within the sector's middle half▼ 39.407.25above the sector's middle half▲ 5.4051.76above the sector's middle half
Return on assets (ROA)7.0%within the sector's middle half▼ 0.9pp17.0%above the sector's middle half▲ 10.1pp9.8%within the sector's middle half▼ 7.2pp18.0%above the sector's middle half▲ 8.2pp13.6%above the sector's middle half▼ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
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 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€248,932 ▼ 5.0%
Current assets
€954,829 ▲ 20.9%
Equity and liabilities €1.2m
Equity
€1.2m ▲ 15.8%
Debt
€2,808 ▼ 81.6%
Debt's share of the balance-sheet total falls from 1.5% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€190,042▼
2024 · €217,195
Cash flow
€177,400▼
2024 · €202,046
Debt to equity
0.00▼
2024 · 0.01
ROE
13.7%▼
2024 · 18.2%
Interest coverage
1141.74▼
2024 · 1562.56
Debt ≤ 1 year
€2,808▼
2024 · €15,259
Income taxes
€21,003▼
2024 · €25,010
A ratio outside any meaningful range has been withheld (balance sheet total €1.2m, equity €1.2m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €577 | €5,409 | €13,143 | €13,167 | €13,167 | = |
| Other operating charges640/8 | €907 | €6,070 | €1,458 | €1,488 | €934 | ▼ 37.3% |
| Gross operating margin9900 | €100,186 | €173,641 | €98,836 | €218,683 | €190,976 | ▼ 12.7% |
| Operating profit (loss)9901 | €98,702 | €162,162 | €84,235 | €204,028 | €176,875 | ▼ 13.3% |
| Financial income75/76B | - | - | €9,600 | €10,000 | €8,527 | ▼ 14.7% |
| Recurring financial income75 | - | - | €9,600 | €10,000 | €8,527 | ▼ 14.7% |
| Financial charges65/66B | €1,597 | €2,012 | €147 | €139 | €166 | ▲ 19.7% |
| Recurring financial charges65 | €1,597 | €2,012 | €147 | €139 | €166 | ▲ 19.7% |
| Profit (loss) for the period before taxes9903 | €97,105 | €160,150 | €93,687 | €213,889 | €185,236 | ▼ 13.4% |
| Income taxes67/77 | €10,658 | €16,975 | €10,331 | €25,010 | €21,003 | ▼ 16.0% |
| Profit (loss) for the period9904 | €86,447 | €143,174 | €83,357 | €188,879 | €164,233 | ▼ 13.0% |
| Profit (loss) for the period to be appropriated9905 | €86,447 | €143,174 | €83,357 | €188,879 | €164,233 | ▼ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €840,899 | €851,606 | €1.1m | €1.2m | ▲ 14.4% |
| Fixed assets21/28 | €229,155 | €286,650 | €275,266 | €262,099 | €248,932 | ▼ 5.0% |
| Intangible fixed assets21 | €135 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | - | €57,631 | €46,246 | €33,079 | €19,912 | ▼ 39.8% |
| Furniture and vehicles24 | - | €57,631 | €46,246 | €33,079 | €19,912 | ▼ 39.8% |
| Financial fixed assets28 | €229,020 | €229,020 | €229,020 | €229,020 | €229,020 | = |
| Current assets29/58 | €1.0m | €554,248 | €576,340 | €789,880 | €954,829 | ▲ 20.9% |
| Amounts receivable within one year40/41 | €16,747 | €18,909 | €132,375 | €271,332 | €256,856 | ▼ 5.3% |
| Trade receivables40 | €9,899 | €9,172 | €119,959 | €243,547 | €218,711 | ▼ 10.2% |
| Other amounts receivable41 | €6,848 | €9,737 | €12,416 | €27,785 | €38,145 | ▲ 37.3% |
| Current investments50/53 | - | - | €400,000 | €400,000 | €620,000 | ▲ 55.0% |
| Cash at bank and in hand54/58 | €997,697 | €533,856 | €32,807 | €97,245 | €67,784 | ▼ 30.3% |
| Deferred charges and accrued income490/1 | - | €1,484 | €11,158 | €21,303 | €10,189 | ▼ 52.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €840,899 | €851,606 | €1.1m | €1.2m | ▲ 14.4% |
| Equity10/15 | €695,711 | €764,484 | €847,841 | €1.0m | €1.2m | ▲ 15.8% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €543,558 | €612,331 | €695,687 | €884,566 | €1.0m | ▲ 18.6% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €543,558 | €612,331 | €695,687 | €884,566 | €1.0m | ▲ 18.6% |
| Profit (loss) carried forward14 | €2,153 | €2,153 | €2,153 | €2,153 | €2,153 | = |
| Amounts payable17/49 | €547,887 | €76,415 | €3,765 | €15,259 | €2,808 | ▼ 81.6% |
| Amounts payable within one year42/48 | €547,887 | €76,415 | €3,765 | €15,259 | €2,808 | ▼ 81.6% |
| Trade debts44 | €1,341 | €2,013 | €1,687 | €14,775 | €1,890 | ▼ 87.2% |
| Suppliers440/4 | €1,341 | €2,013 | €1,687 | €14,775 | €1,890 | ▼ 87.2% |
| Taxes, remuneration and social security45 | €0 | - | - | - | - | - |
| Taxes450/3 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €546,546 | €74,402 | €2,078 | €484 | €918 | ▲ 89.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,447 | €143,174 | €83,357 | €188,879 | €164,233 | ▼ 13.0% |
| + Depreciation and write-downs630 | €577 | €5,409 | €13,143 | €13,167 | €13,167 | = |
| Operating cash flow (approximation) | €87,024 | €148,583 | €96,500 | €202,046 | €177,400 | ▼ 12.2% |
| Investment in fixed assets (approximation) | - | -€62,904 | -€1,758 | €0 | €0 | - |
| Change in cash | - | -€463,841 | -€501,049 | €64,438 | -€29,462 | ▼ 146% |
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
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 7current ratio 340.03
Current ratio from 51.76 to 340.03; short-term debt falls from €15,259 to €2,808.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €188,879 ▲127%
Operating result €204,028, net result €188,879, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲22.3%
7 profitable years in a row build equity to €1.0m.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €83,357 ▼41.8%
Net result drops to €83,357, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 21current ratio 153.07
Current ratio from 7.25 to 153.07; short-term debt falls from €76,415 to €3,765.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 7.25
Current ratio from 1.85 to 7.25; short-term debt falls from €547,887 to €76,415.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 46.35
Current ratio from 12.79 to 46.35; short-term debt falls from €60,462 to €18,329.
31-12
Financial
Equity above €1mEq €1.1m ▲12.3%
2 profitable years in a row build equity to €1.1m.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Chaumont-Gistoux · 1 establishment unit since 2002
Ground area
770 m²
Parcel 25018B0060/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VISAR SRL
since 20022.094.652.345
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25018B0060/00M000 | Wallonia | 770 m² | - | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of VISAR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
894500UHZ54HDD01VY32
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Of 46 companies in sector 28291 we hold annual accounts for 40. 25 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
Founded23-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
28291Manufacture of machinery and equipment not elsewhere classified
70200Business and other management consultancy
58290Other software publishing
Contact
E-mail
o.kleynen@visar.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475918523
Also
9925:BE0475918523
Registered
07-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.