VISHTICA

Active

Private limited companyfounded 200620 yrs activeH. Consciencelaan 68, 1140 Evere, BelgiumKBO/BCE: BE 0880.659.733

The computed 12-month bankruptcy probability of VISHTICA is 1.8% (moderate). The 2024 annual accounts show equity of €57k and a net result of €-2k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 25% of 9982 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

56 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability36▼-34

Solvency43▼-1

Growth52=

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 2.96 against 3.23 in 2023; short-term debt: 33.7% and cash: 42% of total assets), but 81.8% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

18.2%

Return on assets

-0.5%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

3 d early

2023

60 d late

2022

162 d late

2021

61 d late

2020

100 d late

2019

116 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-2k

2023 · €4k

2018: €5k 2019: €11k 2020: €12k 2021: €8k 2022: €6k 2023: €4k

2018 → 2024

Working capital

€206k▼ 0.8%

2023 · €208k

2018: €30k 2019: €138k 2020: €247k 2021: €183k 2022: €226k 2023: €208k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€41k-€49k▲ 18.3%€54k▲ 12.2%€58k▲ 7.0%€57k▼ 2.7%

Operating result€19k-€14k▼ 26.8%€12k▼ 16.9%€5k▼ 59.1%€12k▲ 152%

Net result€12k-€8k▼ 37.4%€6k▼ 20.9%€4k▼ 35.6%€-2k

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 152% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €312k

99.9%

Fixed assets €408=

Current assets €311k▲ 3.4%

Equity and liabilities €312k

18.2%

81.8%

Equity €57k▼ 2.7%

Debt €255k▲ 4.8%

The debt ratio rises from 80.7% to 81.8%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

Solvency

18.2%▼

2023 · 19.3%

Current ratio

2.96▼

2023 · 3.23

Quick ratio

2.96▼

2023 · 3.23

Debt / equity

4.50▲

2023 · 4.18

ROE

-2.8%▼

2023 · 6.6%

ROA

-0.5%▼

2023 · 1.3%

Debt

€255k▲

2023 · €243k

Debt ≤ 1 year

€105k▲

2023 · €93k

Debt > 1 year

€150k=

2023 · €150k

Income taxes

€11k

Staff costs

€63k▼

2023 · €67k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€302k€312k▲

Fixed assets21/28€408€408=

Financial fixed assets28€408€408=

Current assets29/58€301k€311k▲

Amounts receivable within one year40/41€125k€180k▲

Trade receivables40€125k€12k▼

Other amounts receivable41-€169k

Cash at bank and in hand54/58€175k€131k▼

Deferred charges and accrued income490/1€2k€6▼

Equity and liabilities

Total equity and liabilities10/49€302k€312k▲

Equity10/15€58k€57k▼

Contributions10/11€19k€19k=

Outside capital11€19k-

Other1109/19€19k-

Profit (loss) carried forward14€40k€38k▼

Amounts payable17/49€243k€255k▲

Amounts payable after more than one year17€150k€150k=

Financial debts170/4€150k€150k=

Amounts payable within one year42/48€93k€105k▲

Trade debts44€45k€71k▲

Suppliers440/4€45k€71k▲

Taxes, remuneration and social security45€1k€6k▲

Taxes450/3€1k€3k▲

Remuneration and social security454/9-€3k

Other amounts payable47/48€47k€28k▼

Income statement Code20232024

Remuneration, social security and pensions62€67k€63k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k-

Other operating charges640/8€7k€4k▼

Gross operating margin9900€82k€78k▼

Operating profit (loss)9901€5k€12k▲

Financial income75/76B-€5

Recurring financial income75-€5

Financial charges65/66B€893€3k▲

Recurring financial charges65€893€3k▲

Profit (loss) for the period before taxes9903€4k€9k▲

Income taxes67/77-€11k

Profit (loss) for the period9904€4k€-2k▼

Profit (loss) for the period to be appropriated9905€4k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€40k€38k▼

Profit (loss) brought forward from the previous period14P€36k€40k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-2k ▼142%

Net result drops to €-2k, the lowest in the series.

29-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 60 days late

09-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 162 days late

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 61 days late

2021

08-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 100 days late

2020

31-12

Financial Highest result since 2018net €12k ▲8.4%

Net result €12k, the highest in the series.

24-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 116 days late

2019

28-09

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 59 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 30 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 30 days late

2016

09-12

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 131 days late

Financial 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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