VISIGA
ActiveVISIGA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €-14. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 17% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-14
Solvency36▲+2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
10.9%
Return on assets
-0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 31662 sector peers (2025).
NBB · sector comparisonPosition among 31662 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
25 d late
2024
36 d early
2023
44 d early
2022
1 d late
2020
33 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 0.5%
2024 · €3k
2020: €4k
2022: €3k
2023: €-755
2024: €3k
2020 → 2025
Total assets
€26k▼ 20.4%
2024 · €32k
2020: €24k
2022: €20k
2023: €35k
2024: €32k
2020 → 2025
Net result
€-14
2024 · €4k
2020: €738
2022: €-1k
2023: €-4k
2024: €4k
2020 → 2025
Working capital
€-7k▲ 49.4%
2024 · €-14k
2020: €781
2022: €-635
2023: €-25k
2024: €-14k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€4k-€3k▼ 30.4%€-755€3k€3k▼ 0.5%
Operating result€2k-€53▼ 97.8%€-3k€6k€2k▼ 71.1%
Net result€738-€-1k€-4k▼ 172%€4k€-14
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 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26k
Fixed assets
€10k▼ 41.3%
Current assets
€16k▲ 2.9%
Equity and liabilities €26k
Equity
€3k▼ 0.5%
Debt
€23k▼ 22.3%
The debt ratio falls from 91.3% to 89.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €13k
Cash flow
€7k▼
2024 · €11k
Solvency
10.9%▲
2024 · 8.7%
Current ratio
0.69▲
2024 · 0.52
Quick ratio
0.69▲
2024 · 0.52
Debt / equity
8.15▼
2024 · 10.44
ROE
-0.5%▼
2024 · 126.8%
ROA
-0.1%▼
2024 · 11.1%
Interest coverage
121.53▲
2024 · 74.62
Debt
€23k▼
2024 · €29k
Debt ≤ 1 year
€23k▼
2024 · €29k
Income taxes
€2k▼
2024 · €3k
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€32k€26k▼
Fixed assets21/28€17k€10k▼
Tangible fixed assets22/27€17k€10k▼
Furniture and vehicles24€16k€9k▼
Other tangible fixed assets26€976€660▼
Current assets29/58€15k€16k▲
Amounts receivable within one year40/41€12k€12k▼
Trade receivables40€12k€11k▼
Other amounts receivable41-€264
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€812€841▲
Equity and liabilities
Total equity and liabilities10/49€32k€26k▼
Equity10/15€3k€3k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€-682€-696▼
Amounts payable17/49€29k€23k▼
Amounts payable within one year42/48€29k€23k▼
Trade debts44€715€1k▲
Suppliers440/4€715€1k▲
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€5k€5k▲
Other amounts payable47/48€24k€17k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€622€522▼
Gross operating margin9900€14k€9k▼
Operating profit (loss)9901€6k€2k▼
Financial charges65/66B€180€73▼
Recurring financial charges65€180€73▼
Profit (loss) for the period before taxes9903€6k€2k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€4k€-14▼
Profit (loss) for the period to be appropriated9905€4k€-14▼
Appropriation of the result
Profit (loss) to be appropriated9906€-682€-696▼
Profit (loss) brought forward from the previous period14P€-4k€-682▲
The notes to these accounts (4 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Grez-Doiceau · 1 establishment unit since 2020
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.
Av. Cte Gérard d'Ursel 2051390 Grez-Doiceau1 establishment unit
VISIGA
since 20202.298.305.429
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 10,727 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2019
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.