Checked.be
Active
BE 0479.877.311Private limited company (pre-2019)
VISUAL DIMENSION
Gieterijstraat 3 ·9680 Maarkedal, Belgium· 23 yrs active
Sector: Activities of building architects
(71111)
Conclusion
VISUAL DIMENSION has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €-24k. Equity is shrinking by ~20.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 17% of 1165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €34k |
| Net result | €-24k |
| Staff (FTE) | 1 |
| Better than sector | 17% |
Financial profile
42
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
27
Profitability
0
Solvency
23
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
27
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€1k
estimate, not credit advice
Score history
30
2023
69
2024
27
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.19 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.19 (≥ 1.0)
+5
Leverage
Debt/equity 7.90 (> 3.0)
-10
Profitability
Negatieve ROE -70%
-10
Interest coverage
Interest coverage -105.2× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 02-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2028, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 11.2% | 55.2% | |
| Net result | €-24k | €23k | |
| Equity | €34k | €51k | |
| Gross operating margin | €11k | €43k | |
| Staff costs | €32k | €14k |
€-23k
-
23-25
€-24k
-
23-25
€-23k
-
23-25
€306k
-6.6%
23-25
€34k
-41.3%
23-25
€4k
-59.0%
23-25
1
0.0%
23-25
€32k
+3.2%
23-25
€282
+1.0%
23-25
€272k
+0.9%
23-25
€23k
-39.0%
23-25
€249k
+7.3%
23-25
1.19
-7.2%
23-25
1.19
-7.2%
23-25
11.2%
-37.2%
23-25
7.90
+72.0%
23-25
-70.4%
-
23-25
-7.9%
-
23-25
-105.19
-
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €-23k | €2k | €-45k |
| Net profit | €-24k | €603 | €-48k |
| Cash flow | €-23k | €2k | €-46k |
| Staff costs | €32k | €31k | €45k |
| Income taxes | €282 | €279 | €263 |
| Dividends | - | - | - |
| Total assets | €306k | €328k | €324k |
| Equity | €34k | €59k | €58k |
| Debt | €272k | €269k | €266k |
| of which ≤ 1y | €23k | €37k | €42k |
| of which > 1y | €249k | €232k | €224k |
| Working capital | €4k | €11k | €2k |
| Employees (FTE) | 1.0 | 1.0 | 1.4 |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 1.19 | 1.28 | 1.05 |
| Quick ratio | 1.19 | 1.28 | 1.05 |
| Working capital ratio | 1.4% | 3.2% | 0.7% |
| Solvency | 11.2% | 17.9% | 17.9% |
| Debt / equity | 7.90 | 4.59 | 4.58 |
| Long-term debt ratio | 7.24 | 3.96 | 3.86 |
| Interest coverage | -105.19 | 9.35 | -129.39 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -7.9% | 0.2% | -14.8% |
| ROE | -70.4% | 1.0% | -82.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €306k | €328k | €324k |
| Fixed assets | 21/28 | €279k | €280k | €280k |
| Tangible fixed assets | 22/27 | €279k | €280k | €280k |
| Financial fixed assets | 28 | €50 | €50 | €50 |
| Current assets | 29/58 | €27k | €48k | €44k |
| Amounts receivable within one year | 40/41 | €18k | €39k | €41k |
| Cash & bank | 54/58 | €3k | €3k | €956 |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €306k | €328k | €324k |
| Equity | 10/15 | €34k | €59k | €58k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-162k | €-137k | €-138k |
| Amounts payable | 17/49 | €272k | €269k | €266k |
| Amounts payable after one year | 17 | €249k | €232k | €224k |
| Amounts payable within one year | 42/48 | €23k | €37k | €42k |
| Trade debts payable within one year | 44 | €12k | €25k | €24k |
| Income statement | ||||
| Gross operating margin | 9900 | €11k | €36k | €2k |
| Operating result | 9901 | €-24k | €1k | €-47k |
| Financial income | 75 | €0 | €3 | €0 |
| Financial charges | 65 | €217 | €244 | €347 |
| Result before taxes | 9903 | €-24k | €882 | €-48k |
| Income taxes | 67/77 | €282 | €279 | €263 |
| Net result for the period | 9904 | €-24k | €603 | €-48k |
| Result to be appropriated | 9905 | €-24k | €603 | €-48k |
Legal Structure
| NACE primary | Activities of building architects(71111) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 31-03-2003 |
| Status | Active |
| Postal code | 9680 |
Establishment units
Lijnwaadmarkt 47, 9700 Oudenaarde
since 20032.183.726.752
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45011A0409/00T002 | Flanders | 489 m² | 1 · 153 m² | 10.8 m · 2 fl. |
| 45504A0413/00G000 | Flanders | 260 m² | 1 · 172 m² | 7.8 m · 2 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €603
Net result €603 after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
Activities of building architects71111Photography, excluding press photography74201
Names & trade names
| Legal nameNL | VISUAL DIMENSION |
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