VISMET PROPCO
ActiveVISMET PROPCO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.23M and a net result of €-26k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 61% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+11
Solvency70▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.07 in 2024; short-term debt: 33.7% and cash: 2% of total assets), and 55.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
44.6%
Return on assets
-0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
29 d late
2023
2 d early
2022
2 d early
2021
4 d early
2020
25 d late
2019
3 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-26k▲ 60.0%
2024 · €-64k
2018: €-713k
2019: €66k
2020: €1.34M
2021: €70k
2022: €-57k
2023: €-31k
2024: €-64k
2018 → 2025
Working capital
€-1.53M▲ 1.8%
2024 · €-1.56M
2018: €-814k
2019: €-1.24M
2020: €-132k
2021: €-181k
2022: €-1.27M
2023: €-1.44M
2024: €-1.56M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.41M-€2.35M▼ 2.4%€2.32M▼ 1.3%€2.25M▼ 2.8%€2.23M▼ 1.1%
Operating result€-2k-€-67k▼ 2,916%€32k€-25k€41k
Net result€70k-€-57k€-31k▲ 45.1%€-64k▼ 105%€-26k▲ 60.0%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €41k after a loss of €25k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.99M
Fixed assets
€4.84M▼ 2.5%
Current assets
€156k▲ 23.8%
Equity and liabilities €4.99M
Equity
€2.23M▼ 1.1%
Provisions
€698k▼ 6.2%
Debt
€2.07M▼ 1.0%
The debt ratio rises from 41.1% to 41.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€313k▲
2024 · €244k
Cash flow
€246k▲
2024 · €204k
Solvency
44.6%▲
2024 · 44.3%
Current ratio
0.09▲
2024 · 0.07
Quick ratio
0.09▲
2024 · 0.07
Debt / equity
0.93▲
2024 · 0.93
ROE
-1.2%▲
2024 · -2.8%
ROA
-0.5%▲
2024 · -1.3%
Interest coverage
4.13▲
2024 · 3.01
Debt
€2.07M▼
2024 · €2.09M
Debt ≤ 1 year
€1.68M▲
2024 · €1.68M
Debt > 1 year
€361k▼
2024 · €390k
Income taxes
€38k▲
2024 · €5k
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€5.08M€4.99M▼
Fixed assets21/28€4.96M€4.84M▼
Tangible fixed assets22/27€4.91M€4.67M▼
Land and buildings22€4.49M€4.33M▼
Plant, machinery and equipment23€390k€303k▼
Furniture and vehicles24€10k€5k▼
Assets under construction and advance payments27€17k€32k▲
Financial fixed assets28€49k€164k▲
Current assets29/58€126k€156k▲
Amounts receivable after more than one year29€40k€40k=
Other amounts receivable291€40k€40k=
Amounts receivable within one year40/41€4k€315▼
Trade receivables40€4k€315▼
Cash at bank and in hand54/58€71k€100k▲
Deferred charges and accrued income490/1€11k€16k▲
Equity and liabilities
Total equity and liabilities10/49€5.08M€4.99M▼
Equity10/15€2.25M€2.23M▼
Contributions10/11€19k€19k=
Reserves13€1.45M€1.36M▼
Tax-exempt reserves132€1.44M€1.35M▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€788k€852k▲
Provisions and deferred taxes16€744k€698k▼
Deferred taxes168€744k€698k▼
Amounts payable17/49€2.09M€2.07M▼
Amounts payable after more than one year17€390k€361k▼
Financial debts170/4€390k€361k▼
Amounts payable within one year42/48€1.68M€1.68M▲
Current portion of amounts payable after more than one year42€213k€171k▼
Trade debts44€24k€9k▼
Suppliers440/4€24k€9k▼
Taxes, remuneration and social security45€24k€44k▲
Taxes450/3€24k€44k▲
Other amounts payable47/48€1.42M€1.46M▲
Accrued charges and deferred income492/3€16k€21k▲
Income statement
Code20242025
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€268k€272k▲
Other operating charges640/8€58k€52k▼
Non-recurring operating charges66A€24k€3k▼
Gross operating margin9900€325k€367k▲
Operating profit (loss)9901€-25k€41k▲
Financial income75/76B€730€804▲
Recurring financial income75€730€804▲
Financial charges65/66B€81k€76k▼
Recurring financial charges65€81k€76k▼
Profit (loss) for the period before taxes9903€-105k€-34k▲
Transfer from deferred taxes780€46k€46k=
Income taxes67/77€5k€38k▲
Profit (loss) for the period9904€-64k€-26k▲
Transfer from tax-exempt reserves789€89k€89k=
Profit (loss) for the period to be appropriated9905€25k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€788k€852k▲
Profit (loss) brought forward from the previous period14P€763k€788k▲
The notes to these accounts (17 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €1.34M ▲1936%
Operating result €1.57M, net result €1.34M, both a record.
31-12
Financial
Equity above €2MEq €2.34M ▲136%
2 profitable years in a row build equity to €2.34M.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 18 days late
2018
17-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2014
15-07
State Gazette act
Capital increase · Bank account
Capital · Pablo DE DONCKER
2010
30-06
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital · Pablo DE DONCKER
30-06
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2009
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.
Oude Graanmarkt 511000 BrusselGround area
7,758 m²
Building footprint
217 m²
Volume, LiDAR
3,340 m³
Parcel 21811M0705/00H000, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VISMET PROPCO
since 20092.190.901.584
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0705/00H000 | Brussels | 7,758 m² | 1 · 217 m² | 18.6 m · 5 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.
Similar companies · same sector, comparable size
Equinex
BE 0838.975.863
Knokke-Heist · Eq €2.23M
LEMCO VASTGOED
BE 0869.765.247
Brussel · Eq €2.23M
TEN BRICKS
BE 0725.919.690
Beveren-Kruibeke-Zwijndrecht · Eq €2.23M
RETAIL CAPITAL
BE 0842.083.427
Antwerpen · Eq €2.23M
SILENROC
BE 0444.790.332
Anderlecht · Eq €2.22M
Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 2,559 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2009
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68322Real estate appraisal on a fee or contract basis
69102Activities of notaries
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.