Visiology
ActiveSummary
Visiology has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155,360 and a net result of €50,626. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency89▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.65 against 3.14 in 2024; short-term debt: 35.8% and cash: 9.1% of total assets), and 36% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
64%
Return on assets
20.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
19 d early
2021
4 d early
2020
2 d early
2019
on the day
← 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 4 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€155,360▲ 10.0%
2024 · €141,274
Total assets
€242,820▲ 20.8%
2024 · €201,045
Net result
€50,626▼ 9.7%
2024 · €56,083
Working capital
€143,085▲ 14.7%
2024 · €124,732
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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€34,449▲ 59.7%€57,166▲ 65.9%€77,545▲ 35.6%€81,386▲ 5.0%€72,643▼ 10.7%
Net result€31,231within the sector's middle half▲ 45.9%€38,224within the sector's middle half▲ 22.4%€51,851above the sector's middle half▲ 35.6%€56,083above the sector's middle half▲ 8.2%€50,626above the sector's middle half▼ 9.7%
Equity€60,116within the sector's middle half▲ 105%€97,341within the sector's middle half▲ 61.9%€147,692within the sector's middle half▲ 51.7%€141,274within the sector's middle half▼ 4.3%€155,360within the sector's middle half▲ 10.0%
Total assets€78,998within the sector's middle half▲ 90.2%€123,868within the sector's middle half▲ 56.8%€193,576within the sector's middle half▲ 56.3%€201,045within the sector's middle half▲ 3.9%€242,820within the sector's middle half▲ 20.8%
Debt€18,882▲ 55.5%€26,528▲ 40.5%€45,884▲ 73.0%€59,771▲ 30.3%€87,460▲ 46.3%
Working capital€52,350within the sector's middle half▲ 128%€91,197within the sector's middle half▲ 74.2%€133,229above the sector's middle half▲ 46.1%€124,732above the sector's middle half▼ 6.4%€143,085above the sector's middle half▲ 14.7%
Solvency76.1%above the sector's middle half▲ 5.3pp78.6%above the sector's middle half▲ 2.5pp76.3%within the sector's middle half▼ 2.3pp70.3%within the sector's middle half▼ 6.0pp64.0%within the sector's middle half▼ 6.3pp
Current ratio3.79within the sector's middle half▲ 0.844.44above the sector's middle half▲ 0.654.45above the sector's middle half▲ 0.023.14within the sector's middle half▼ 1.312.65within the sector's middle half▼ 0.49
Return on assets (ROA)39.5%above the sector's middle half▼ 12.0pp30.9%above the sector's middle half▼ 8.7pp26.8%above the sector's middle half▼ 4.1pp27.9%above the sector's middle half▲ 1.1pp20.8%within the sector's middle half▼ 7.0pp
Staff (FTE)0.6▼ 14.3%1▲ 66.7%1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242,820
Fixed assets
€12,774 ▼ 29.2%
Current assets
€230,046 ▲ 25.7%
Equity and liabilities €242,820
Equity
€155,360 ▲ 10.0%
Debt
€87,460 ▲ 46.3%
Debt's share of the balance-sheet total rises from 29.7% to 36.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79,964▼
2024 · €88,541
Cash flow
€57,947▼
2024 · €63,238
Quick ratio
2.63▼
2024 · 3.11
Debt to equity
0.56▲
2024 · 0.42
ROE
32.6%▼
2024 · 39.7%
Interest coverage
122.78▼
2024 · 141.67
Debt ≤ 1 year
€86,961▲
2024 · €58,283
Income taxes
€27,225▼
2024 · €28,775
Staff costs
€41,394▲
2024 · €37,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 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 497,340 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% | 1.8% |
| 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 31,371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €30,485 | €33,257 | €37,801 | €41,394 | ▲ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,722 | €1,723 | €4,738 | €7,156 | €7,321 | ▲ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €403 | €604 | ▲ 50.0% |
| Other operating charges640/8 | - | €544 | €1,553 | €2,444 | €2,268 | ▼ 7.2% |
| Gross operating margin9900 | €65,316 | €89,917 | €117,093 | €129,189 | €124,230 | ▼ 3.8% |
| Operating profit (loss)9901 | €34,449 | €57,166 | €77,545 | €81,386 | €72,643 | ▼ 10.7% |
| Financial income75/76B | - | €157 | €1,150 | €4,097 | €5,859 | ▲ 43.0% |
| Recurring financial income75 | - | €157 | €1,150 | €4,097 | €5,859 | ▲ 43.0% |
| Financial charges65/66B | - | €203 | €978 | €625 | €651 | ▲ 4.2% |
| Recurring financial charges65 | €82 | €203 | €978 | €625 | €651 | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €34,368 | €57,120 | €77,717 | €84,858 | €77,851 | ▼ 8.3% |
| Income taxes67/77 | €3,137 | €18,896 | €25,866 | €28,775 | €27,225 | ▼ 5.4% |
| Profit (loss) for the period9904 | €31,231 | €38,224 | €51,851 | €56,083 | €50,626 | ▼ 9.7% |
| Profit (loss) for the period to be appropriated9905 | €31,231 | €38,224 | €51,851 | €56,083 | €50,626 | ▼ 9.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,998 | €123,868 | €193,576 | €201,045 | €242,820 | ▲ 20.8% |
| Fixed assets21/28 | €7,866 | €6,143 | €21,769 | €18,029 | €12,774 | ▼ 29.2% |
| Tangible fixed assets22/27 | €5,033 | €3,310 | €18,936 | €15,196 | €9,941 | ▼ 34.6% |
| Plant, machinery and equipment23 | - | €3,310 | €2,151 | €3,602 | €3,537 | ▼ 1.8% |
| Furniture and vehicles24 | - | - | €16,785 | €11,594 | €6,404 | ▼ 44.8% |
| Financial fixed assets28 | €2,833 | €2,833 | €2,833 | €2,833 | €2,833 | = |
| Current assets29/58 | €71,132 | €117,725 | €171,807 | €183,015 | €230,046 | ▲ 25.7% |
| Stocks and contracts in progress3 | - | - | €2,882 | €1,612 | €1,007 | ▼ 37.5% |
| Stocks30/36 | - | - | €2,882 | €1,612 | €1,007 | ▼ 37.5% |
| Amounts receivable within one year40/41 | €42,216 | €16,443 | €72,642 | €175,586 | €206,862 | ▲ 17.8% |
| Trade receivables40 | - | €76 | €32,647 | €41,315 | €73,441 | ▲ 77.8% |
| Other amounts receivable41 | - | €16,367 | €39,995 | €134,271 | €133,422 | ▼ 0.6% |
| Cash at bank and in hand54/58 | €28,216 | €90,247 | €94,375 | €5,564 | €22,177 | ▲ 299% |
| Deferred charges and accrued income490/1 | - | €11,036 | €1,908 | €254 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,998 | €123,868 | €193,576 | €201,045 | €242,820 | ▲ 20.8% |
| Equity10/15 | €60,116 | €97,341 | €147,692 | €141,274 | €155,360 | ▲ 10.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €2,000 | €2,000 | = |
| Capital10 | - | €62,000 | - | - | - | - |
| Issued capital100 | - | €62,000 | - | - | - | - |
| Reserves13 | €450 | €35,341 | €85,692 | €139,274 | €153,360 | ▲ 10.1% |
| Non-distributable reserves130/1 | - | €450 | - | - | - | - |
| Legal reserve130 | - | €450 | - | - | - | - |
| Distributable reserves133 | - | €34,891 | €85,692 | €139,274 | €153,360 | ▲ 10.1% |
| Profit (loss) carried forward14 | -€2,334 | - | - | - | - | - |
| Amounts payable17/49 | €18,882 | €26,528 | €45,884 | €59,771 | €87,460 | ▲ 46.3% |
| Amounts payable after more than one year17 | - | - | €7,306 | €1,488 | - | - |
| Financial debts170/4 | - | - | €7,306 | €1,488 | - | - |
| Amounts payable within one year42/48 | €18,782 | €26,528 | €38,578 | €58,283 | €86,961 | ▲ 49.2% |
| Current portion of amounts payable after more than one year42 | - | - | €5,614 | €6,308 | €1,488 | ▼ 76.4% |
| Financial debts43 | - | - | - | €12,782 | - | - |
| Credit institutions430/8 | - | - | - | €12,782 | - | - |
| Trade debts44 | - | €675 | €2,916 | €1,033 | €4,900 | ▲ 374% |
| Suppliers440/4 | - | €675 | €2,916 | €1,033 | €4,900 | ▲ 374% |
| Taxes, remuneration and social security45 | - | €24,664 | €28,548 | €35,659 | €39,033 | ▲ 9.5% |
| Taxes450/3 | - | €17,429 | €19,906 | €26,102 | €28,127 | ▲ 7.8% |
| Remuneration and social security454/9 | - | €7,236 | €8,642 | €9,557 | €10,906 | ▲ 14.1% |
| Other amounts payable47/48 | - | €1,188 | €1,500 | €2,500 | €41,541 | ▲ 1,562% |
| Accrued charges and deferred income492/3 | - | - | - | - | €499 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,231 | €38,224 | €51,851 | €56,083 | €50,626 | ▼ 9.7% |
| + Depreciation and write-downs630 | €1,722 | €1,723 | €4,738 | €7,156 | €7,321 | ▲ 2.3% |
| Operating cash flow (approximation) | €32,953 | €39,947 | €56,589 | €63,238 | €57,947 | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | €0 | -€20,364 | -€3,416 | -€2,065 | ▲ 39.6% |
| Change in cash | - | €62,030 | €4,128 | -€88,811 | €16,613 | ▲ 119% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €150,000Eq €155,360 ▲10%
7 profitable years in a row build equity to €155,360.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €56,083 ▲8.2%
Operating result €81,386, net result €56,083, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €100,000Eq €147,692 ▲51.7%
5 profitable years in a row build equity to €147,692.
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €21,404 ▼14.7%
Net result drops to €21,404, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 2.95
Current ratio from 1.12 to 2.95; short-term debt falls from €50,485 to €11,796.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
30-01
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1983
Ground area
443 m²
Building footprint
164 m²
Volume, LiDAR
1,874 m³
Parcel 11303C0231/00R004, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Koninklijkelaan 74, 2600 Antwerpen
since 19832.023.624.193
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0231/00R004 | Flanders | 443 m² | 1 · 164 m² | 14.0 m · 4 fl. |
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.
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,759. 2,931 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
Founded20-12-1983
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425066965
Also
9925:BE0425066965
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.