VISENTIN A.
ActiveSummary
VISENTIN A. has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,245 and a net result of €44,172. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 38% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+2
Solvency57▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.36 in 2024; short-term debt: 56.9% and cash: 52.7% of total assets), but 67.9% 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
Six 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
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
32.1%
Return on assets
16.1%
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 05-07-2026, 26 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
26 d early
2024
13 d early
2023
9 d late
2022
on the day
2021
11 d late
2020
11 d early
2019
9 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 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44,172▼ 11.0%
2024 · €49,658
Working capital
€111,692▲ 27.2%
2024 · €87,776
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€57,509▼ 70.3%€68,692▲ 19.4%€51,972▼ 24.3%€66,480▲ 27.9%€59,214▼ 10.9%
Net result€43,791within the sector's middle half▼ 69.5%€52,679above the sector's middle half▲ 20.3%€23,978within the sector's middle half▼ 54.5%€49,658within the sector's middle half▲ 107%€44,172within the sector's middle half▼ 11.0%
Equity€88,756below the sector's middle half▼ 0.2%€88,436within the sector's middle half▼ 0.4%€88,414within the sector's middle half=€88,072below the sector's middle half▼ 0.4%€88,245below the sector's middle half▲ 0.2%
Total assets€372,391below the sector's middle half▲ 32.9%€240,010within the sector's middle half▼ 35.5%€231,409within the sector's middle half▼ 3.6%€334,701below the sector's middle half▲ 44.6%€274,963below the sector's middle half▼ 17.8%
Debt€283,635▲ 48.3%€151,574▼ 46.6%€142,994▼ 5.7%€246,628▲ 72.5%€186,718▼ 24.3%
Working capital€85,028within the sector's middle half▼ 0.1%€86,275within the sector's middle half▲ 1.5%€87,822within the sector's middle half▲ 1.8%€87,776within the sector's middle half▼ 0.1%€111,692within the sector's middle half▲ 27.2%
Solvency23.8%within the sector's middle half▼ 7.9pp36.8%within the sector's middle half▲ 13.0pp38.2%within the sector's middle half▲ 1.4pp26.3%within the sector's middle half▼ 11.9pp32.1%within the sector's middle half▲ 5.8pp
Current ratio1.30within the sector's middle half▼ 0.151.57within the sector's middle half▲ 0.271.61within the sector's middle half▲ 0.041.36within the sector's middle half▼ 0.261.71within the sector's middle half▲ 0.36
Return on assets (ROA)11.8%above the sector's middle half▼ 39.5pp21.9%above the sector's middle half▲ 10.2pp10.4%within the sector's middle half▼ 11.6pp14.8%above the sector's middle half▲ 4.5pp16.1%above the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274,963
Fixed assets
€6,823 ▲ 2,202%
Current assets
€268,139 ▼ 19.8%
Equity and liabilities €274,963
Equity
€88,245 ▲ 0.2%
Debt
€186,718 ▼ 24.3%
Debt's share of the balance-sheet total falls from 73.7% to 67.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61,158▼
2024 · €66,775
Cash flow
€46,116▼
2024 · €49,954
Debt to equity
2.12▼
2024 · 2.80
ROE
50.1%▼
2024 · 56.4%
Interest coverage
137.82▼
2024 · 163.78
Debt ≤ 1 year
€156,447▼
2024 · €246,628
Income taxes
€14,909▼
2024 · €17,059
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,370 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,568 | €1,568 | €1,569 | €295 | €1,943 | ▲ 558% |
| Other operating charges640/8 | €348 | €348 | €498 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €59,424 | €70,608 | €54,040 | €67,162 | €61,557 | ▼ 8.3% |
| Operating profit (loss)9901 | €57,509 | €68,692 | €51,972 | €66,480 | €59,214 | ▼ 10.9% |
| Financial income75/76B | €144 | €2,498 | €1,039 | €645 | €311 | ▼ 51.9% |
| Recurring financial income75 | €144 | €2,498 | €1,039 | €645 | €311 | ▼ 51.9% |
| Financial charges65/66B | €209 | €177 | €14,033 | €408 | €444 | ▲ 8.8% |
| Recurring financial charges65 | €209 | €177 | €14,033 | €408 | €444 | ▲ 8.8% |
| Profit (loss) for the period before taxes9903 | €57,444 | €71,013 | €38,979 | €66,717 | €59,081 | ▼ 11.4% |
| Income taxes67/77 | €13,653 | €18,334 | €15,000 | €17,059 | €14,909 | ▼ 12.6% |
| Profit (loss) for the period9904 | €43,791 | €52,679 | €23,978 | €49,658 | €44,172 | ▼ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €43,791 | €52,679 | €23,978 | €49,658 | €44,172 | ▼ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €372,391 | €240,010 | €231,409 | €334,701 | €274,963 | ▼ 17.8% |
| Fixed assets21/28 | €3,729 | €2,161 | €592 | €296 | €6,823 | ▲ 2,202% |
| Tangible fixed assets22/27 | €3,729 | €2,161 | €592 | €296 | €6,823 | ▲ 2,202% |
| Plant, machinery and equipment23 | €3,729 | €1,272 | - | - | - | - |
| Furniture and vehicles24 | - | €889 | €592 | €296 | €6,823 | ▲ 2,202% |
| Current assets29/58 | €368,662 | €237,849 | €230,817 | €334,404 | €268,139 | ▼ 19.8% |
| Amounts receivable within one year40/41 | €253,684 | €146,312 | €150,604 | €218,789 | €123,198 | ▼ 43.7% |
| Trade receivables40 | €242,990 | €123,346 | €133,173 | €197,110 | €102,666 | ▼ 47.9% |
| Other amounts receivable41 | €10,694 | €22,966 | €17,431 | €21,679 | €20,533 | ▼ 5.3% |
| Current investments50/53 | €15,229 | €15,229 | - | - | - | - |
| Cash at bank and in hand54/58 | €99,750 | €73,801 | €70,400 | €108,848 | €144,941 | ▲ 33.2% |
| Deferred charges and accrued income490/1 | - | €2,506 | €9,812 | €6,767 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €372,391 | €240,010 | €231,409 | €334,701 | €274,963 | ▼ 17.8% |
| Equity10/15 | €88,756 | €88,436 | €88,414 | €88,072 | €88,245 | ▲ 0.2% |
| Contributions10/11 | €79,326 | €79,326 | €79,326 | €79,326 | €79,326 | = |
| Capital10 | €79,326 | €79,326 | €79,326 | €79,326 | €79,326 | = |
| Issued capital100 | €79,326 | €79,326 | €79,326 | €79,326 | €79,326 | = |
| Reserves13 | €8,722 | €8,722 | €8,722 | €8,722 | €8,722 | = |
| Non-distributable reserves130/1 | €8,722 | €8,722 | €8,722 | €8,722 | €8,722 | = |
| Legal reserve130 | €7,933 | €7,933 | €7,933 | €7,933 | €7,933 | = |
| Other1319 | €789 | €789 | €789 | €789 | €789 | = |
| Profit (loss) carried forward14 | €708 | €388 | €366 | €25 | €197 | ▲ 700% |
| Amounts payable17/49 | €283,635 | €151,574 | €142,994 | €246,628 | €186,718 | ▼ 24.3% |
| Amounts payable within one year42/48 | €283,635 | €151,574 | €142,994 | €246,628 | €156,447 | ▼ 36.6% |
| Trade debts44 | €250,636 | €118,724 | €142,994 | €213,051 | €134,787 | ▼ 36.7% |
| Suppliers440/4 | €250,636 | €118,724 | €142,994 | €213,051 | €134,787 | ▼ 36.7% |
| Taxes, remuneration and social security45 | €1,781 | €21,222 | - | €9,417 | €4,556 | ▼ 51.6% |
| Taxes450/3 | €1,781 | €21,222 | - | €9,417 | €4,556 | ▼ 51.6% |
| Other amounts payable47/48 | €31,217 | €11,627 | - | €24,160 | €17,104 | ▼ 29.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €30,271 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,791 | €52,679 | €23,978 | €49,658 | €44,172 | ▼ 11.0% |
| + Depreciation and write-downs630 | €1,568 | €1,568 | €1,569 | €295 | €1,943 | ▲ 558% |
| Operating cash flow (approximation) | €45,359 | €54,247 | €25,547 | €49,954 | €46,116 | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€8,470 | - |
| Change in cash | - | -€25,949 | -€3,401 | €38,448 | €36,093 | ▼ 6.1% |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
17-06
State Gazette act
Resignation: Mugnani (director)Appointment: Henriette Baudoux (director) · Reappointment: Angelo Visentin (managing director)4 facts ▸
State Gazette act
Resignation: Mugnani (director)
Appointment: Henriette Baudoux (director) · Reappointment: Angelo Visentin (managing director)4 facts ▸
- General meeting, 21-05-2026
- Director resignation, Mugnani (director)
- Director appointment, Henriette Baudoux (director)
- Director reappointment, Angelo Visentin (managing director)
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Weakest financial yearnet €23,978 ▼54.5%
Net result drops to €23,978, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €143,715 ▲249%
Operating result €193,888, net result €143,715, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 105 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
Henriette Baudoux
CurrentDirector · since 17-06-2026
Day-to-day management 1
Angelo Visentin
CurrentManaging director
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 1985
Ground area
3,803 m²
Building footprint
428 m²
Volume, LiDAR
2,855 m³
2 parcels, Wallonia · tallest building 18.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Visentin A. S.A.
since 19852.244.621.372
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55573B0321/00H000 | Wallonia | 1,972 m² | 1 · 236 m² | 9.5 m · 2 fl. |
| 56033A0495/00X006 | Wallonia | 1,831 m² | 1 · 192 m² | 18.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Henriette Baudoux |
|
| Angelo Visentin |
|
| Mugnani |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector, comparable size
ARBORA SERVICE en-of FREE -WINDS
BE 0432.643.556
Kruisem · Eq €89,289
VAN HELLEMONT
BE 0425.265.519
Beersel · Eq €90,555
LABEEUW HOUT
BE 0470.637.466
Nazareth-De Pinte · Eq €92,165
CEMES
BE 0456.300.866
Genk · Eq €83,447
TATAR BOUWMARKT
BE 0477.864.956
Antwerpen · Eq €83,294
Of 855 companies in sector 46832 we hold annual accounts for 590. 310 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-06-1985
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427233431
Also
9925:BE0427233431
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.