Visual Identity Management
ActiveSummary
Visual Identity Management has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €363,902 and a net result of €17,396. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
What stands out
Overview
1 of 9 deeds readAccounts 36 d earlyTurnover not published (abridged schema)
Why 86+ Lower-failure-rate sector+ Long track record+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-1
Solvency99=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.8 against 2.39 in 2023; short-term debt: 8.7% and cash: 14.6% of total assets), and 25.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
20 d late
2023
26 d late
2022
43 d late
2021
26 d late
2020
2 d early
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Reappointments: Gerda Maes (director) and Francis…Mandate compensation · Power of…
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2024Total assets €489,166Profit €17,396Solvency 74.4%Liquidity 1.80
Total assets
€489,166▼ 1.3%
2018 - 2024
Net result
€17,396▼ 9.3%
2018 - 2024
Equity
€363,902▼ 0.7%
2018 - 2024
Solvency
74.4%▲ 0.4pp
2018 - 2024
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 70, Activities of head offices; management consultancy activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14,029▼ 6.9%-€3,808€12,292€30,418▲ 147%€24,293▼ 20.1%
Net result€13,501within the sector's middle half▲ 2.0%-€3,847below the sector's middle half€8,374within the sector's middle half€19,179within the sector's middle half▲ 129%€17,396within the sector's middle half▼ 9.3%
Equity€481,863above the sector's middle half▲ 212%€470,130above the sector's middle half▼ 2.4%€445,327above the sector's middle half▼ 5.3%€366,506above the sector's middle half▼ 17.7%€363,902above the sector's middle half▼ 0.7%
Total assets€622,848above the sector's middle half▲ 240%€600,924above the sector's middle half▼ 3.5%€564,999above the sector's middle half▼ 6.0%€495,376above the sector's middle half▼ 12.3%€489,166above the sector's middle half▼ 1.3%
Debt€110,711▲ 282%€101,780▼ 8.1%€93,740▼ 7.9%€104,197▲ 11.2%€101,555▼ 2.5%
Working capital€134,549above the sector's middle half▲ 140%€98,364within the sector's middle half▼ 26.9%€83,136within the sector's middle half▼ 15.5%€52,265within the sector's middle half▼ 37.1%€34,031within the sector's middle half▼ 34.9%
Solvency77.4%above the sector's middle half▼ 6.8pp78.2%above the sector's middle half▲ 0.9pp78.8%above the sector's middle half▲ 0.6pp74.0%within the sector's middle half▼ 4.8pp74.4%within the sector's middle half▲ 0.4pp
Current ratio12.59above the sector's middle half▲ 9.3610.10above the sector's middle half▼ 2.495.84above the sector's middle half▼ 4.262.39within the sector's middle half▼ 3.451.80within the sector's middle half▼ 0.59
Return on assets (ROA)2.2%within the sector's middle half▼ 5.0pp-0.6%below the sector's middle half▼ 2.8pp1.5%below the sector's middle half▲ 2.1pp3.9%within the sector's middle half▲ 2.4pp3.6%within the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €489,166
Fixed assets
€412,596 ▲ 1.8%
Current assets
€76,571 ▼ 14.8%
Equity and liabilities €489,166
Equity
€363,902 ▼ 0.7%
Provisions
€23,709 ▼ 3.9%
Debt
€101,555 ▼ 2.5%
Debt's share of the balance-sheet total falls from 21.0% to 20.8%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€45,494▼
2023 · €47,051
Cash flow
€38,597▲
2023 · €35,813
Debt to equity
0.28▼
2023 · 0.28
ROE
4.8%▼
2023 · 5.2%
Interest coverage
117.79▼
2023 · 283.22
Debt ≤ 1 year
€42,540▲
2023 · €37,655
Debt > 1 year
€59,015▼
2023 · €66,541
Income taxes
€7,686▼
2023 · €9,631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,804 | €22,865 | €27,079 | €16,634 | €21,201 | ▲ 27.5% |
| Other operating charges640/8 | - | €13,319 | €8,422 | €6,736 | €14,866 | ▲ 121% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Gross operating margin9900 | €32,784 | €32,376 | €47,794 | €53,787 | €60,360 | ▲ 12.2% |
| Operating profit (loss)9901 | €14,029 | -€3,808 | €12,292 | €30,418 | €24,293 | ▼ 20.1% |
| Financial income75/76B | - | €213 | €8 | €224 | €212 | ▼ 5.7% |
| Recurring financial income75 | €4 | €213 | €8 | €224 | €212 | ▼ 5.7% |
| Financial charges65/66B | - | €411 | €187 | €3,091 | €386 | ▼ 87.5% |
| Recurring financial charges65 | €531 | €411 | €187 | €166 | €386 | ▲ 132% |
| Non-recurring financial charges66B | - | - | - | €2,925 | - | - |
| Profit (loss) for the period before taxes9903 | €13,501 | -€4,005 | €12,113 | €27,551 | €24,119 | ▼ 12.5% |
| Transfer from deferred taxes780 | - | €1,259 | €1,259 | €1,259 | €964 | ▼ 23.4% |
| Income taxes67/77 | - | €1,101 | €4,998 | €9,631 | €7,686 | ▼ 20.2% |
| Profit (loss) for the period9904 | €13,501 | -€3,847 | €8,374 | €19,179 | €17,396 | ▼ 9.3% |
| Transfer from tax-exempt reserves789 | - | €3,083 | €3,083 | €3,083 | €2,360 | ▼ 23.4% |
| Profit (loss) for the period to be appropriated9905 | €13,501 | -€764 | €11,457 | €22,262 | €19,756 | ▼ 11.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €622,848 | €600,924 | €564,999 | €495,376 | €489,166 | ▼ 1.3% |
| Fixed assets21/28 | €476,689 | €491,752 | €464,673 | €405,456 | €412,596 | ▲ 1.8% |
| Intangible fixed assets21 | €76,725 | €66,825 | €56,925 | - | - | - |
| Tangible fixed assets22/27 | €399,714 | €424,677 | €407,498 | €405,206 | €412,346 | ▲ 1.8% |
| Land and buildings22 | - | €418,541 | €403,395 | €401,235 | €395,453 | ▼ 1.4% |
| Plant, machinery and equipment23 | - | €4,998 | €3,345 | €1,692 | €1,265 | ▼ 25.2% |
| Furniture and vehicles24 | - | €1,138 | €759 | €2,279 | €11,729 | ▲ 415% |
| Other tangible fixed assets26 | - | - | - | - | €3,899 | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €146,159 | €109,171 | €100,326 | €89,920 | €76,571 | ▼ 14.8% |
| Amounts receivable within one year40/41 | €4,369 | €9,421 | €11,458 | €14,079 | €4,827 | ▼ 65.7% |
| Trade receivables40 | - | - | €2,404 | €3,119 | €369 | ▼ 88.2% |
| Other amounts receivable41 | - | €9,421 | €9,054 | €10,961 | €4,458 | ▼ 59.3% |
| Current investments50/53 | €89,000 | €89,000 | €54,000 | - | - | - |
| Cash at bank and in hand54/58 | €52,789 | €10,751 | €34,868 | €71,741 | €71,511 | ▼ 0.3% |
| Deferred charges and accrued income490/1 | - | - | - | €4,100 | €233 | ▼ 94.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €622,848 | €600,924 | €564,999 | €495,376 | €489,166 | ▼ 1.3% |
| Equity10/15 | €481,863 | €470,130 | €445,327 | €366,506 | €363,902 | ▼ 0.7% |
| Contributions10/11 | €80,600 | €80,600 | €80,600 | €80,600 | €80,600 | = |
| Capital10 | - | €80,600 | €80,600 | €80,600 | €80,600 | = |
| Issued capital100 | - | €80,600 | €80,600 | €80,600 | €80,600 | = |
| Reserves13 | €387,762 | €384,679 | €348,420 | €285,906 | €283,302 | ▼ 0.9% |
| Non-distributable reserves130/1 | - | €97,060 | €62,060 | €8,060 | €8,060 | = |
| Legal reserve130 | - | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Own shares acquired1312 | - | €89,000 | €54,000 | - | - | - |
| Tax-exempt reserves132 | - | €94,578 | €93,319 | €90,237 | €87,876 | ▼ 2.6% |
| Distributable reserves133 | - | €193,040 | €193,040 | €187,610 | €187,366 | ▼ 0.1% |
| Profit (loss) carried forward14 | €13,501 | €4,851 | €16,307 | - | €0 | - |
| Provisions and deferred taxes16 | €30,274 | €29,015 | €25,932 | €24,673 | €23,709 | ▼ 3.9% |
| Deferred taxes168 | - | €29,015 | €25,932 | €24,673 | €23,709 | ▼ 3.9% |
| Amounts payable17/49 | €110,711 | €101,780 | €93,740 | €104,197 | €101,555 | ▼ 2.5% |
| Amounts payable after more than one year17 | €97,273 | €89,120 | €74,067 | €66,541 | €59,015 | ▼ 11.3% |
| Financial debts170/4 | - | €89,120 | €74,067 | €66,541 | €59,015 | ▼ 11.3% |
| Amounts payable within one year42/48 | €11,610 | €10,808 | €17,190 | €37,655 | €42,540 | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,153 | - |
| Financial debts43 | - | - | €7,526 | €7,526 | - | - |
| Other loans439 | - | - | €7,526 | €7,526 | - | - |
| Trade debts44 | €3,008 | €5,494 | €2,953 | €198 | €9,708 | ▲ 4,792% |
| Suppliers440/4 | - | €5,494 | €2,953 | €198 | €9,708 | ▲ 4,792% |
| Taxes, remuneration and social security45 | - | - | €5,281 | €9,631 | €2,686 | ▼ 72.1% |
| Taxes450/3 | - | - | €5,281 | €9,631 | €2,686 | ▼ 72.1% |
| Other amounts payable47/48 | - | €5,313 | €1,430 | €20,300 | €21,992 | ▲ 8.3% |
| Accrued charges and deferred income492/3 | - | €1,852 | €2,483 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,501 | -€3,847 | €8,374 | €19,179 | €17,396 | ▼ 9.3% |
| + Depreciation and write-downs630 | €11,804 | €22,865 | €27,079 | €16,634 | €21,201 | ▲ 27.5% |
| Operating cash flow (approximation) | €25,305 | €19,018 | €35,453 | €35,813 | €38,597 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€37,929 | €0 | €42,584 | -€28,341 | ▼ 167% |
| Change in cash | - | -€42,039 | €24,117 | €36,873 | -€230 | ▼ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Stéphane Van Geyseghem
BE 0659.679.974
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 36,988 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
2 directors
Directors
Directors
2 directors, 1 in day-to-day management, last change in 2024
Board 2
Francis Charlier
CurrentDirector · since 04-12-2024
Gerda Maes
CurrentDirector · since 04-12-2024
Day-to-day management 1
Gerda Maes
CurrentManaging director · since 04-12-2024
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Francis Charlier |
|
| Gerda Maes |
|
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts DELICIS 202550%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Timeline
16 eventsLatest 25-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
State Gazette act
Reappointments: Gerda Maes (director) and Francis Charlier (director)Mandate compensation · Power of attorney8 facts ▸
State Gazette act
Reappointments: Gerda Maes (director) and Francis Charlier (director)
Mandate compensation · Power of attorney8 facts ▸
- General meeting, 04/02/2026
- Board meeting, 04/02/2026
- Director reappointment, Gerda Maes (director)
- Director reappointment, Francis Charlier (director)
- Mandate compensation, Gerda Maes
- Mandate compensation, Francis Charlier
- Director reappointment, Gerda Maes (managing director)
- Power of attorney, Moore Finance & Tax BV
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €19,179 ▲129%
Operating result €30,418, net result €19,179, both a record.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
31-12
Financial
Back to profitnet €8,374
Net result €8,374 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet -€3,847
Net result drops to -€3,847, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 12.59
Current ratio from 3.23 to 12.59; short-term debt falls from €25,179 to €11,610.
31-12
Financial
Equity above €200,000Eq €481,863 ▲212%
3 profitable years in a row build equity to €481,863.
Show earlier events
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Company details
Public limited company · founded 08-12-1993Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded08-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451442057
Also
9925:BE0451442057
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Keerbergen · 1 establishment unit since 1993
Ground area
2.7 ha
Building footprint
1,243 m²
Volume, LiDAR
7,355 m³
Parcel 24472G0125/00D010, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Vlieghavenlaan 1, 3140 Keerbergen
since 1993unit no. 2.102.921.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472G0125/00D010 | Flanders | 2.7 ha | 1 · 1,243 m² | 15.0 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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