VISUAL EXPEDITION
ActiveSummary
VISUAL EXPEDITION has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-3k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 69% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-25
Solvency100▲+7
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 4.21 against 3.12 in 2024; short-term debt: 23.8% and cash: 0.1% of total assets), and 23.8% of the assets are financed with debt.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
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
76.2%
Return on assets
-15.1%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
37 d early
2023
29 d early
2022
11 d early
2021
27 d early
2020
1 d early
2019
3 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 16.5%
2024 · €17k
Total assets
€19k▼ 25.6%
2024 · €25k
Net result
€-3k
2024 · €941
Working capital
€14k▼ 16.5%
2024 · €17k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€705▼ 57.2%€-2k€-5k▼ 133%€145€-3k
Net result€1k▼ 53.6%€-834€-5k▼ 450%€941€-3k
Equity€22k▲ 6.9%€21k▼ 3.9%€16k▼ 22.0%€17k▲ 5.8%€14k▼ 16.5%
Total assets€32k▲ 5.5%€31k▼ 0.9%€26k▼ 18.1%€25k▼ 1.4%€19k▼ 25.6%
Debt€10k▲ 2.6%€10k▲ 5.4%€9k▼ 10.2%€8k▼ 13.8%€4k▼ 44.8%
Working capital€21k▲ 7.6%€21k▼ 3.3%€16k▼ 20.9%€17k▲ 4.5%€14k▼ 16.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €145 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €19k
Equity
€14k ▼ 16.5%
Debt
€4k ▼ 44.8%
Debt's share of the balance-sheet total falls from 32.1% to 23.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
4.21▲
2024 · 3.12
Debt to equity
0.31▼
2024 · 0.47
ROE
-19.8%▼
2024 · 5.5%
ROA
-15.1%▼
2024 · 3.7%
Debt ≤ 1 year
€4k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €124 | €124 | €47 | €0 | - | - |
| Other operating charges640/8 | €10 | €355 | €790 | €387 | €0 | ▼ 100% |
| Gross operating margin9900 | €839 | €-2k | €-5k | €533 | €-3k | ▼ 723% |
| Operating profit (loss)9901 | €705 | €-2k | €-5k | €145 | €-3k | ▼ 2,381% |
| Financial income75/76B | €2k | €2k | €1k | €2k | €1k | ▼ 25.9% |
| Recurring financial income75 | €2k | €2k | €1k | €2k | €1k | ▼ 25.9% |
| Financial charges65/66B | €448 | €528 | €679 | €721 | €639 | ▼ 11.4% |
| Recurring financial charges65 | €448 | €528 | €679 | €721 | €639 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €2k | €-702 | €-5k | €941 | €-3k | ▼ 401% |
| Income taxes67/77 | €715 | €132 | - | - | - | - |
| Profit (loss) for the period9904 | €1k | €-834 | €-5k | €941 | €-3k | ▼ 401% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-834 | €-5k | €941 | €-3k | ▼ 401% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32k | €31k | €26k | €25k | €19k | ▼ 25.6% |
| Fixed assets21/28 | €171 | €47 | - | - | - | - |
| Tangible fixed assets22/27 | €171 | €47 | - | - | - | - |
| Plant, machinery and equipment23 | €171 | €47 | - | - | - | - |
| Current assets29/58 | €31k | €31k | €26k | €25k | €19k | ▼ 25.6% |
| Amounts receivable within one year40/41 | €31k | €31k | €26k | €25k | €19k | ▼ 25.6% |
| Trade receivables40 | €102 | €489 | - | €363 | €2k | ▲ 352% |
| Other amounts receivable41 | €31k | €31k | €26k | €25k | €17k | ▼ 31.1% |
| Cash at bank and in hand54/58 | €6 | €18 | €16 | €18 | €24 | ▲ 32.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32k | €31k | €26k | €25k | €19k | ▼ 25.6% |
| Equity10/15 | €22k | €21k | €16k | €17k | €14k | ▼ 16.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €14k | €13k | €8k | €9k | €6k | ▼ 31.1% |
| Amounts payable17/49 | €10k | €10k | €9k | €8k | €4k | ▼ 44.8% |
| Amounts payable within one year42/48 | €10k | €10k | €9k | €8k | €4k | ▼ 44.8% |
| Financial debts43 | €4k | €5k | €4k | €5k | €2k | ▼ 47.8% |
| Credit institutions430/8 | €4k | €5k | €4k | €5k | €2k | ▼ 47.8% |
| Trade debts44 | €3k | €4k | €4k | €3k | €2k | ▼ 39.0% |
| Suppliers440/4 | €3k | €4k | €4k | €3k | €2k | ▼ 39.0% |
| Advances received on contracts in progress46 | - | - | €499 | €0 | - | - |
| Taxes, remuneration and social security45 | €3k | €1k | €132 | €135 | €19 | ▼ 86.1% |
| Taxes450/3 | €3k | €1k | €132 | €135 | €19 | ▼ 86.1% |
| Accrued charges and deferred income492/3 | - | - | €200 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-834 | €-5k | €941 | €-3k | ▼ 401% |
| + Depreciation and write-downs630 | €124 | €124 | €47 | €0 | - | - |
| Operating cash flow (approximation) | €2k | €-710 | €-5k | €941 | €-3k | ▼ 401% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €11 | €-2 | €2 | €6 | ▲ 238% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
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 €941
Net result €941 after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €3k ▲1,798%
Operating result €2k, net result €3k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aarschot · 1 establishment unit since 2004
Ground area
234 m²
Building footprint
98 m²
Volume, LiDAR
589 m³
Parcel 24662E0015/00N003, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Visual expedition
since 20042.137.478.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662E0015/00N003 | Flanders | 234 m² | 1 · 98 m² | 10.7 m · 2 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 11,464 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
Founded06-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
18130Pre-press and pre-media services
18200Printing and reproduction of recorded media
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.