VISUAL
ActiveVISUAL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €-37k. Equity is shrinking by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 953 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-9
Solvency68▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.95 in 2024; short-term debt: 57.2% and cash: 76.3% of total assets), but 57.3% 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 · 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.7%
Return on assets
-11.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-37k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
76 d early
2023
68 d early
2022
31 d early
2021
31 d early
2020
31 d early
2019
31 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, micro schema
Equity
€137k▼ 21.4%
2024 · €175k
2018: €660k
2019: €266k
2020: €232k
2021: €224k
2022: €213k
2023: €192k
2024: €175k
2018 → 2025
Total assets
€322k▼ 11.7%
2024 · €365k
2018: €775k
2019: €790k
2020: €736k
2021: €729k
2022: €727k
2023: €608k
2024: €365k
2018 → 2025
Net result
€-37k▼ 119%
2024 · €-17k
2018: €17k
2019: €36k
2020: €-34k
2021: €-8k
2022: €-11k
2023: €-22k
2024: €-17k
2018 → 2025
Working capital
€133k▼ 24.1%
2024 · €175k
2018: €633k
2019: €252k
2020: €225k
2021: €226k
2022: €214k
2023: €189k
2024: €175k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€213k▼ 4.8%€192k▼ 10.1%€175k▼ 8.9%€137k▼ 21.4%
Operating result€-4k-€-10k▼ 124%€-22k▼ 129%€-21k▲ 5.5%€-38k▼ 83.4%
Net result€-8k-€-11k▼ 28.4%€-22k▼ 101%€-17k▲ 21.1%€-37k▼ 119%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €21k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322k
Fixed assets
€5k▼ 4.5%
Current assets
€317k▼ 11.8%
Equity and liabilities €322k
Equity
€137k▼ 21.4%
Debt
€185k▼ 2.9%
The debt ratio rises from 52.1% to 57.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-35k▼
2024 · €-19k
Cash flow
€-34k▼
2024 · €-15k
Solvency
42.7%▼
2024 · 47.9%
Current ratio
1.72▼
2024 · 1.95
Quick ratio
1.72▼
2024 · 1.95
Debt / equity
1.34▲
2024 · 1.09
ROE
-27.1%▼
2024 · -9.7%
ROA
-11.6%▼
2024 · -4.7%
Interest coverage
-53.93▼
2024 · -38.41
Debt
€185k▼
2024 · €190k
Debt ≤ 1 year
€184k▼
2024 · €185k
Income taxes
€199▼
2024 · €213
Staff costs
€177k▲
2024 · €170k
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€365k€322k▼
Fixed assets21/28€5k€5k▼
Tangible fixed assets22/27€5k€5k▼
Plant, machinery and equipment23€1k€793▼
Furniture and vehicles24€4k€4k▲
Current assets29/58€360k€317k▼
Amounts receivable within one year40/41€68k€70k▲
Trade receivables40€63k€69k▲
Other amounts receivable41€4k€379▼
Current investments50/53€0-
Cash at bank and in hand54/58€290k€246k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€365k€322k▼
Equity10/15€175k€137k▼
Contributions10/11€13k€13k=
Reserves13€221k€206k▼
Distributable reserves133€221k€206k▼
Profit (loss) carried forward14€-59k€-82k▼
Amounts payable17/49€190k€185k▼
Amounts payable within one year42/48€185k€184k▼
Trade debts44€24k€31k▲
Suppliers440/4€24k€31k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€31k€44k▲
Taxes450/3€10k€20k▲
Remuneration and social security454/9€20k€24k▲
Other amounts payable47/48€130k€110k▼
Accrued charges and deferred income492/3€5k€335▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€170k€177k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-195€0▲
Other operating charges640/8€708€591▼
Gross operating margin9900€151k€142k▼
Operating profit (loss)9901€-21k€-38k▼
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€489€658▲
Recurring financial charges65€489€658▲
Profit (loss) for the period before taxes9903€-17k€-37k▼
Income taxes67/77€213€199▼
Profit (loss) for the period9904€-17k€-37k▼
Profit (loss) for the period to be appropriated9905€-17k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-96k▼
Profit (loss) brought forward from the previous period14P€-42k€-59k▼
Transfer from equity791/2-€15k
The notes to these accounts (5 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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €36k ▲117%
Operating result €56k, net result €36k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Ichtegem · 1 establishment unit since 1997
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.
Aartrijkestraat(EER) 768480 IchtegemGround area
308 m²
Building footprint
231 m²
Volume, LiDAR
1,756 m³
2 parcels, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VISUAL
since 19972.082.051.946
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1126/00E005 | Flanders | 185 m² | 1 · 108 m² | 15.4 m · 4 fl. |
| 35003C0076/00L003 | Flanders | 123 m² | 1 · 123 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 889 EUR awarded · 889 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 293 EUR | 293 EUR |
| 2023 | 1 | 329 EUR | 329 EUR |
| 2022 | 1 | 267 EUR | 267 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,855 companies in sector 18130 we hold annual accounts for 831. 674 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-1997
Fiscal year end31-12
Activities, NACEBEL
18130Pre-press and pre-media services
22250
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 28 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.