VISIONTECH GROUP
Open bankruptcyA bankruptcy procedure is open for VISIONTECH GROUP according to publications in the Belgian State Gazette; curator: Stijn VANSCHOUBROEK.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (-€530,309) and a net result of -€250,276.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 15 July 2025
- Supervising judge
- Jean Bonte
- Official Gazette
- 29-07-2025 (pdf) ↗search the document for 2025/132743
Deadlines
- Provisional date payments stopped
- 15 July 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 13 August 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 August 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 20 August 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 15 July 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Stijn VanschoubroekKeizer Karellaan 586 Bus 9, 1082 Sint-Agatha-Berchemsvanschoubroek@racine.eu
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Retail sale of information and communication equipment sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€168,094
EBIT margin
-4.8%
Net result
-€250,276▲ 69.6%
2022 · -€823,026
Working capital
-€527,586▼ 51.1%
2022 · -€349,102
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 47, Retail trade, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover
Operating result-€65,194▼ 707%€146,971€1.7m▲ 1,045%-€913,089-€248,681▲ 72.8%
Net result-€66,798▼ 635%€88,750within the sector's middle half€1.3mabove the sector's middle half▲ 1,378%-€823,026below the sector's middle half-€250,276below the sector's middle half▲ 69.6%
EBIT margin
Equity-€67,687▼ 2,243%€31,463below the sector's middle half€542,994above the sector's middle half▲ 1,626%-€280,033below the sector's middle half-€530,309below the sector's middle half▼ 89.4%
Total assets€406,525▲ 55.9%€2.0mabove the sector's middle half▲ 388%€4.8mabove the sector's middle half▲ 141%€2.6mabove the sector's middle half▼ 46.1%€1.7mabove the sector's middle half▼ 32.5%
Debt€474,212▲ 79.8%€2.0m▲ 312%€4.2m▲ 117%€2.9m▼ 32.6%€2.3m▼ 20.6%
Working capital€179,398€816,352above the sector's middle half▲ 355%€521,325above the sector's middle half▼ 36.1%-€349,102below the sector's middle half-€527,586below the sector's middle half▼ 51.1%
Solvency-16.7%▼ 15.5pp1.6%below the sector's middle half▲ 18.2pp11.4%within the sector's middle half▲ 9.8pp-10.9%below the sector's middle half▼ 22.2pp-30.5%below the sector's middle half▼ 19.6pp
Current ratio3.03▲ 2.041.84within the sector's middle half▼ 1.191.13within the sector's middle half▼ 0.710.86within the sector's middle half▼ 0.270.72below the sector's middle half▼ 0.14
Return on assets (ROA)-16.4%▼ 12.9pp4.5%within the sector's middle half▲ 20.9pp27.4%above the sector's middle half▲ 23.0pp-31.9%below the sector's middle half▼ 59.4pp-14.4%below the sector's middle half▲ 17.5pp
Staff (FTE)1.2▲ 20.0%1.3below the sector's middle half▲ 8.3%2▲ 53.8%4.5▲ 125%1▼ 77.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result +1,378% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €248,681 in 2023 against €913,089 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.7m
Fixed assets
€350,277 ▼ 17.0%
Current assets
€1.4m ▼ 35.5%
Key figures and ratios
EBITDA
-€176,889▲
2022 · -€821,815
Cash flow
-€178,484▲
2022 · -€731,752
Quick ratio
0.63▼
2022 · 0.79
Debt to equity
-4.28▲
2022 · -10.21
Interest coverage
-110.90▼
2022 · -63.40
Debt ≤ 1 year
€1.9m▼
2022 · €2.5m
Debt > 1 year
€353,000=
2022 · €353,000
Staff costs
€24,805▼
2022 · €173,119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €66,904 | €173,119 | €24,805 | ▼ 85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,229 | €37,473 | €63,214 | €91,274 | €71,792 | ▼ 21.3% |
| Other operating charges640/8 | - | - | €403 | €11,197 | €12,996 | ▲ 16.1% |
| Non-recurring operating charges66A | - | - | €2,620 | - | - | - |
| Gross operating margin9900 | -€933 | €218,371 | €1.8m | -€637,500 | -€139,088 | ▲ 78.2% |
| Operating profit (loss)9901 | -€65,194 | €146,971 | €1.7m | -€913,089 | -€248,681 | ▲ 72.8% |
| Financial income75/76B | - | - | €28,715 | €57,010 | - | - |
| Recurring financial income75 | €84 | €5,406 | €28,715 | €57,010 | - | - |
| Financial charges65/66B | - | - | €140,887 | €12,962 | €1,595 | ▼ 87.7% |
| Recurring financial charges65 | €1,689 | €59,585 | €140,887 | €12,962 | €1,595 | ▼ 87.7% |
| Profit (loss) for the period before taxes9903 | -€66,798 | €92,791 | €1.6m | -€869,041 | -€250,276 | ▲ 71.2% |
| Income taxes67/77 | - | €4,041 | €259,291 | -€46,015 | - | - |
| Profit (loss) for the period9904 | -€66,798 | €88,750 | €1.3m | -€823,026 | -€250,276 | ▲ 69.6% |
| Profit (loss) for the period to be appropriated9905 | -€66,798 | €88,750 | €1.3m | -€823,026 | -€250,276 | ▲ 69.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €406,525 | €2.0m | €4.8m | €2.6m | €1.7m | ▼ 32.5% |
| Fixed assets21/28 | €138,915 | €198,187 | €385,933 | €422,069 | €350,277 | ▼ 17.0% |
| Intangible fixed assets21 | €136,915 | €173,440 | €345,693 | €282,758 | €219,822 | ▼ 22.3% |
| Tangible fixed assets22/27 | - | €22,747 | €34,190 | €103,261 | €94,404 | ▼ 8.6% |
| Furniture and vehicles24 | - | - | €17,826 | €103,261 | €94,404 | ▼ 8.6% |
| Leasing and similar rights25 | - | - | €16,364 | - | - | - |
| Financial fixed assets28 | €2,000 | €2,000 | €6,050 | €36,050 | €36,050 | = |
| Current assets29/58 | €267,610 | €1.8m | €4.4m | €2.2m | €1.4m | ▼ 35.5% |
| Stocks and contracts in progress3 | €84,138 | €573,528 | €164,430 | €177,184 | €177,184 | = |
| Stocks30/36 | - | - | €164,430 | €177,184 | €177,184 | = |
| Amounts receivable within one year40/41 | €181,130 | €1.2m | €3.7m | €1.7m | €1.2m | ▼ 31.1% |
| Trade receivables40 | - | - | €3.4m | €618,773 | - | - |
| Other amounts receivable41 | - | - | €301,312 | €1.1m | €1.2m | ▲ 9.0% |
| Cash at bank and in hand54/58 | €2,342 | €7,403 | €489,935 | €296,935 | €54,015 | ▼ 81.8% |
| Deferred charges and accrued income490/1 | - | - | €710 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €406,525 | €2.0m | €4.8m | €2.6m | €1.7m | ▼ 32.5% |
| Equity10/15 | -€67,687 | €31,463 | €542,994 | -€280,033 | -€530,309 | ▼ 89.4% |
| Contributions10/11 | €8,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | - | - | €150,000 | €150,000 | €150,000 | = |
| Distributable reserves133 | - | - | €150,000 | €150,000 | €150,000 | = |
| Profit (loss) carried forward14 | -€75,887 | €12,863 | €374,394 | -€448,633 | -€698,909 | ▼ 55.8% |
| Amounts payable17/49 | €474,212 | €2.0m | €4.2m | €2.9m | €2.3m | ▼ 20.6% |
| Amounts payable after more than one year17 | €380,000 | €969,077 | €362,264 | €353,000 | €353,000 | = |
| Financial debts170/4 | - | - | €362,264 | €353,000 | €353,000 | = |
| Amounts payable within one year42/48 | €88,212 | €969,221 | €3.9m | €2.5m | €1.9m | ▼ 23.5% |
| Current portion of amounts payable after more than one year42 | - | - | €138,777 | - | - | - |
| Financial debts43 | - | - | €1,484 | - | - | - |
| Credit institutions430/8 | - | - | €1,484 | - | - | - |
| Trade debts44 | €73,425 | €492,547 | €2.6m | €1,832 | €31,956 | ▲ 1,644% |
| Suppliers440/4 | - | - | €2.6m | €1,832 | €31,956 | ▲ 1,644% |
| Taxes, remuneration and social security45 | - | - | €308,514 | €236,522 | €217,317 | ▼ 8.1% |
| Taxes450/3 | - | - | €291,249 | €217,317 | €217,317 | = |
| Remuneration and social security454/9 | - | - | €17,265 | €19,204 | - | - |
| Other amounts payable47/48 | - | - | €833,169 | €2.3m | €1.7m | ▼ 26.4% |
| Accrued charges and deferred income492/3 | - | - | €2,000 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€66,798 | €88,750 | €1.3m | -€823,026 | -€250,276 | ▲ 69.6% |
| + Depreciation and write-downs630 | €34,229 | €37,473 | €63,214 | €91,274 | €71,792 | ▼ 21.3% |
| Operating cash flow (approximation) | -€32,569 | €126,223 | €1.4m | -€731,752 | -€178,484 | ▲ 75.6% |
| Investment in fixed assets (approximation) | - | -€96,745 | -€250,960 | -€127,410 | €0 | ▲ 100% |
| Change in cash | - | €5,061 | €482,532 | -€193,000 | -€242,920 | ▼ 25.9% |
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
2025
22-08
KBO administration
Address struck
Baljuwstraat 59 1050 Die Sitzadresse Rue du Bailli / Baljuwstraat
Ixelles · event 04-10-2025
29-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 15-07-2025
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 416 days late
2022
31-12
Financial
Weakest financial yearnet -€823,026
Net result drops to -€823,026, the lowest in the series.
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 167 days late
2021
31-12
Financial
Highest result since 2018net €1.3m ▲1,378%
Operating result €1.7m, net result €1.3m, both a record.
31-12
Financial
Equity above €500,000Eq €542,994 ▲1,626%
2 profitable years in a row build equity to €542,994.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 431 days late
2020
31-12
Financial
Back to profitnet €88,750
Net result €88,750 after 2 loss-making years.
2019
31-12
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 0.99 to 3.03; short-term debt falls from €260,804 to €88,212.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
SignalFinancial 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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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, Elsene · 1 establishment unit since 2018
Ground area
123 m²
Building footprint
109 m²
Volume, LiDAR
1,028 m³
Parcel 21447B0220/00W011, Brussels · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VISIONTECH GROUP
since 20182.273.324.167
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0220/00W011 | Brussels | 123 m² | 1 · 109 m² | 16.2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Stijn VANSCHOUBROEK KEIZER KARELLAAN 586
BUS 9, 1082 SINT-AGATHA-BERCHEM |
15-07-2025 → present |
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Of 3,222 companies in sector 47400 we hold annual accounts for 1,807. 1,084 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 (pre-2019)
Founded30-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
77225Rental and leasing activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.