Vision Project
ActiveSummary
Vision Project has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €335k and a net result of €-23k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-11
Solvency55=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.91 in 2024; short-term debt: 13.4% and cash: 0% of total assets), and 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 71
Relative position
BE, all sectors
reference
Sector 71
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
30 d late
2022
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-23k
2024 · €3k
2022: €19k
2023: €76k
2024: €3k
2022 → 2025
Working capital
€-51k▼ 273%
2024 · €-14k
2022: €-66k
2023: €-4k
2024: €-14k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€278k-€354k▲ 27.5%€358k▲ 0.9%€335k▼ 6.4%
Operating result€31k-€127k▲ 305%€32k▼ 74.7%€3k▼ 92.0%
Net result€19k-€76k▲ 304%€3k▼ 95.8%€-23k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€1.03M ▼ 3.0%
Current assets
€100k ▼ 24.6%
Equity and liabilities €1.13M
Equity
€335k ▼ 6.4%
Debt
€792k ▼ 5.0%
Debt's share of the balance-sheet total rises from 70.0% to 70.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €64k
Cash flow
€9k▼
2024 · €35k
Current ratio
0.66▼
2024 · 0.91
Debt to equity
2.37▲
2024 · 2.33
ROE
-6.8%▼
2024 · 0.9%
ROA
-2.0%▼
2024 · 0.3%
Interest coverage
1.28▼
2024 · 2.21
Debt ≤ 1 year
€151k▲
2024 · €146k
Debt > 1 year
€641k▼
2024 · €688k
Income taxes
€0▼
2024 · €2k
Staff costs
€138k▲
2024 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.19M€1.13M▼
Fixed assets21/28€1.06M€1.03M▼
Tangible fixed assets22/27€1.06M€1.03M▼
Land and buildings22€1.06M€1.02M▼
Other tangible fixed assets26€3k€3k▼
Current assets29/58€133k€100k▼
Amounts receivable within one year40/41€120k€95k▼
Trade receivables40€83k€57k▼
Other amounts receivable41€37k€38k▲
Cash at bank and in hand54/58€9k€0▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.13M▼
Equity10/15€358k€335k▼
Contributions10/11€259k€259k=
Profit (loss) carried forward14€99k€76k▼
Amounts payable17/49€834k€792k▼
Amounts payable after more than one year17€688k€641k▼
Financial debts170/4€688k€641k▼
Amounts payable within one year42/48€146k€151k▲
Current portion of amounts payable after more than one year42€45k€46k▲
Financial debts43-€50k
Credit institutions430/8-€50k
Trade debts44€43k€26k▼
Suppliers440/4€43k€26k▼
Taxes, remuneration and social security45€58k€28k▼
Taxes450/3€39k€14k▼
Remuneration and social security454/9€19k€14k▼
Other amounts payable47/48€578€487▼
Accrued charges and deferred income492/3-€123
Income statement
Code20242025
Remuneration, social security and pensions62€109k€138k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k=
Other operating charges640/8€23k€19k▼
Gross operating margin9900€196k€191k▼
Operating profit (loss)9901€32k€3k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€29k€27k▼
Recurring financial charges65€29k€27k▼
Profit (loss) for the period before taxes9903€5k€-23k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€3k€-23k▼
Profit (loss) for the period to be appropriated9905€3k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€76k▼
Profit (loss) brought forward from the previous period14P€95k€99k▲
Social balance
Average headcount (FTE)90872.0-
The notes to these accounts (8 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-23k ▼819%
Net result drops to €-23k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €76k ▲304%
Operating result €127k, net result €76k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Charleroi · 1 establishment unit since 2021
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.
Rue de Beaumont 150/1526030 CharleroiGround area
4,024 m²
Building footprint
333 m²
Volume, LiDAR
3,591 m³
Parcel 52044B0517/00B004, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Vision Project SRL
since 20212.319.378.579
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52044B0517/00B004 | Wallonia | 4,024 m² | 1 · 333 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 11,550 companies in sector 71121 we hold annual accounts for 6,563. 4,795 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.