Vision 1454
ActiveSummary
Vision 1454 has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,280 and a net result of €30,918. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 666 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+12
Solvency84=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.65 against 2.35 in 2024; short-term debt: 31.1% and cash: 19.4% of total assets), and 40.6% of the assets are financed with debt.
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Signals
Five 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 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer 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
59.4%
Return on assets
20.8%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
5 d early
2023
on the day
2022
37 d early
2021
39 d early
2020
43 d early
2019
23 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 26 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€88,280▲ 21.5%
2024 · €72,662
Total assets
€148,744▲ 21.6%
2024 · €122,365
Net result
€30,918▲ 126%
2024 · €13,679
Working capital
€76,080▲ 70.5%
2024 · €44,628
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,841▲ 144%€1,908▼ 91.3%€46,962▲ 2,361%€19,612▼ 58.2%€45,507▲ 132%
Net result€15,768within the sector's middle half▲ 151%-€1,148within the sector's middle half€33,362above the sector's middle half€13,679within the sector's middle half▼ 59.0%€30,918above the sector's middle half▲ 126%
Equity€69,206within the sector's middle half▲ 29.5%€35,621within the sector's middle half▼ 48.5%€68,983within the sector's middle half▲ 93.7%€72,662within the sector's middle half▲ 5.3%€88,280within the sector's middle half▲ 21.5%
Total assets€139,897within the sector's middle half▲ 2.1%€135,531within the sector's middle half▼ 3.1%€120,997within the sector's middle half▼ 10.7%€122,365within the sector's middle half▲ 1.1%€148,744within the sector's middle half▲ 21.6%
Debt€70,691▼ 15.5%€99,910▲ 41.3%€52,014▼ 47.9%€49,702▼ 4.4%€60,463▲ 21.7%
Working capital€18,183within the sector's middle half€10,152within the sector's middle half▼ 44.2%€38,963within the sector's middle half▲ 284%€44,628within the sector's middle half▲ 14.5%€76,080within the sector's middle half▲ 70.5%
Solvency49.5%within the sector's middle half▲ 10.5pp26.3%within the sector's middle half▼ 23.2pp57.0%within the sector's middle half▲ 30.7pp59.4%within the sector's middle half▲ 2.4pp59.4%within the sector's middle half=
Current ratio1.53within the sector's middle half▲ 0.541.18within the sector's middle half▼ 0.352.80within the sector's middle half▲ 1.612.35within the sector's middle half▼ 0.452.65within the sector's middle half▲ 0.29
Return on assets (ROA)11.3%within the sector's middle half▲ 6.7pp-0.8%within the sector's middle half▼ 12.1pp27.6%above the sector's middle half▲ 28.4pp11.2%within the sector's middle half▼ 16.4pp20.8%above the sector's middle half▲ 9.6pp
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, 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 recovers in 2025; 2025 is 132% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,744
Fixed assets
€26,455 ▼ 40.8%
Current assets
€122,289 ▲ 57.5%
Equity and liabilities €148,744
Equity
€88,280 ▲ 21.5%
Debt
€60,463 ▲ 21.7%
Debt's share of the balance-sheet total stays at 40.6%.
Key figures and ratios
EBITDA
€66,749▲
2024 · €43,963
Cash flow
€52,160▲
2024 · €38,030
Debt to equity
0.68▲
2024 · 0.68
ROE
35.0%▲
2024 · 18.8%
Interest coverage
87.68▲
2024 · 48.73
Debt ≤ 1 year
€46,209▲
2024 · €33,019
Debt > 1 year
€14,255▼
2024 · €16,683
Income taxes
€13,827▲
2024 · €5,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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 34,696 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 | €27,046 | €29,584 | €24,086 | €24,351 | €21,242 | ▼ 12.8% |
| Other operating charges640/8 | - | €1,217 | €1,343 | €1,012 | €1,178 | ▲ 16.5% |
| Gross operating margin9900 | €49,970 | €32,709 | €72,391 | €44,975 | €67,927 | ▲ 51.0% |
| Operating profit (loss)9901 | €21,841 | €1,908 | €46,962 | €19,612 | €45,507 | ▲ 132% |
| Financial income75/76B | - | €21 | €2 | €0 | €0 | ▼ 50.0% |
| Recurring financial income75 | €10 | €21 | €2 | €0 | €0 | ▼ 50.0% |
| Financial charges65/66B | - | €1,237 | €1,302 | €902 | €761 | ▼ 15.6% |
| Recurring financial charges65 | €806 | €1,237 | €1,302 | €902 | €761 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €21,045 | €692 | €45,662 | €18,709 | €44,745 | ▲ 139% |
| Income taxes67/77 | €5,276 | €1,840 | €12,300 | €5,030 | €13,827 | ▲ 175% |
| Profit (loss) for the period9904 | €15,768 | -€1,148 | €33,362 | €13,679 | €30,918 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €15,768 | -€1,148 | €33,362 | €13,679 | €30,918 | ▲ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,897 | €135,531 | €120,997 | €122,365 | €148,744 | ▲ 21.6% |
| Fixed assets21/28 | €87,447 | €70,311 | €60,366 | €44,717 | €26,455 | ▼ 40.8% |
| Tangible fixed assets22/27 | €87,197 | €70,311 | €60,366 | €44,717 | €26,455 | ▼ 40.8% |
| Plant, machinery and equipment23 | - | €9,263 | €12,647 | €11,212 | €9,777 | ▼ 12.8% |
| Furniture and vehicles24 | - | €50,458 | €38,472 | €25,600 | €8,966 | ▼ 65.0% |
| Other tangible fixed assets26 | - | €10,590 | €9,248 | €7,905 | €7,712 | ▼ 2.5% |
| Financial fixed assets28 | €250 | €0 | - | - | - | - |
| Current assets29/58 | €52,450 | €65,220 | €60,630 | €77,648 | €122,289 | ▲ 57.5% |
| Amounts receivable within one year40/41 | €23,774 | €38,860 | €38,866 | €51,636 | €72,392 | ▲ 40.2% |
| Trade receivables40 | - | €28,114 | €38,049 | €51,636 | €52,920 | ▲ 2.5% |
| Other amounts receivable41 | - | €10,746 | €817 | - | €19,472 | - |
| Current investments50/53 | - | - | - | €9,000 | €21,000 | ▲ 133% |
| Cash at bank and in hand54/58 | €26,944 | €24,721 | €21,764 | €17,012 | €28,897 | ▲ 69.9% |
| Deferred charges and accrued income490/1 | - | €1,639 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,897 | €135,531 | €120,997 | €122,365 | €148,744 | ▲ 21.6% |
| Equity10/15 | €69,206 | €35,621 | €68,983 | €72,662 | €88,280 | ▲ 21.5% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €31,855 | €31,855 | €61,855 | ▲ 94.2% |
| Distributable reserves133 | - | €1,855 | €31,855 | €31,855 | €61,855 | ▲ 94.2% |
| Profit (loss) carried forward14 | €48,801 | €15,216 | €18,578 | €22,257 | €7,875 | ▼ 64.6% |
| Amounts payable17/49 | €70,691 | €99,910 | €52,014 | €49,702 | €60,463 | ▲ 21.7% |
| Amounts payable after more than one year17 | €36,424 | €44,841 | €30,346 | €16,683 | €14,255 | ▼ 14.6% |
| Financial debts170/4 | - | €44,841 | €30,346 | €16,683 | €14,255 | ▼ 14.6% |
| Amounts payable within one year42/48 | €34,267 | €55,068 | €21,668 | €33,019 | €46,209 | ▲ 39.9% |
| Current portion of amounts payable after more than one year42 | - | €14,298 | €14,495 | €13,663 | €2,428 | ▼ 82.2% |
| Financial debts43 | - | €2,188 | - | - | - | - |
| Credit institutions430/8 | - | €2,188 | - | - | - | - |
| Trade debts44 | €587 | - | €2,244 | €54 | €5,579 | ▲ 10,309% |
| Suppliers440/4 | - | - | €2,244 | €54 | €5,579 | ▲ 10,309% |
| Taxes, remuneration and social security45 | - | €5,905 | €4,293 | €15,385 | €25,196 | ▲ 63.8% |
| Taxes450/3 | - | €5,905 | €3,120 | €14,905 | €25,196 | ▲ 69.0% |
| Remuneration and social security454/9 | - | - | €1,173 | €480 | - | - |
| Other amounts payable47/48 | - | €32,678 | €635 | €3,918 | €13,005 | ▲ 232% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,768 | -€1,148 | €33,362 | €13,679 | €30,918 | ▲ 126% |
| + Depreciation and write-downs630 | €27,046 | €29,584 | €24,086 | €24,351 | €21,242 | ▼ 12.8% |
| Operating cash flow (approximation) | €42,814 | €28,437 | €57,448 | €38,030 | €52,160 | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | -€12,448 | -€14,142 | -€8,702 | -€2,980 | ▲ 65.8% |
| Change in cash | - | -€2,223 | -€2,957 | -€4,752 | €11,885 | ▲ 350% |
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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €33,362
Net result €33,362 after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.18 to 2.80; short-term debt falls from €55,068 to €21,668.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€1,148
Net result drops to -€1,148, the lowest in the series; recovery starts the following year.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2014
Ground area
2,791 m²
Building footprint
188 m²
Parcel 92136B0333/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue les Tiennes(WD) 10, 5100 Namur
since 20142.232.837.555
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92136B0333/00E000 | Wallonia | 2,791 m² | 1 · 188 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.
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Company details
Identification
Legal formPrivate limited company
Founded02-07-2014
Fiscal year end30-09
Activities, NACEBEL 2025
32400Other manufacturing
18130Pre-press and pre-media services
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0555840286
Also
9925:BE0555840286
Registered
26-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.