Visual Impact
ActiveVisual Impact has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €114. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-37
Solvency46▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.33 in 2024; short-term debt: 70.7% and cash: 13.1% of total assets), and 78.9% 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 · 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
21.1%
Return on assets
0%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
18 d late
2023
21 d late
2022
7 d early
2021
40 d early
2020
39 d early
2019
87 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€114▼ 99.7%
2024 · €39k
2018: €18k
2019: €279
2020: €6k
2021: €21k
2022: €19k
2023: €9k
2024: €39k
2018 → 2025
Working capital
€88k▼ 25.7%
2024 · €118k
2018: €12k
2019: €15k
2020: €41k
2021: €70k
2022: €77k
2023: €84k
2024: €118k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61k-€80k▲ 31.7%€89k▲ 11.1%€128k▲ 43.5%€128k▲ 0.1%
Operating result€16k-€29k▲ 89.0%€24k▼ 18.1%€66k▲ 172%€12k▼ 81.9%
Net result€21k-€19k▼ 6.0%€9k▼ 53.8%€39k▲ 335%€114▼ 99.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €609k
Fixed assets
€91k▲ 176%
Current assets
€518k▲ 9.5%
Equity and liabilities €609k
Equity
€128k▲ 0.1%
Debt
€480k▲ 27.3%
The debt ratio rises from 74.7% to 78.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▼
2024 · €70k
Cash flow
€14k▼
2024 · €43k
Solvency
21.1%▼
2024 · 25.3%
Current ratio
1.20▼
2024 · 1.33
Quick ratio
1.00▼
2024 · 1.03
Debt / equity
3.75▲
2024 · 2.95
ROE
0.1%▼
2024 · 30.3%
ROA
0.0%▼
2024 · 7.7%
Interest coverage
2.64▼
2024 · 7.45
Debt
€480k▲
2024 · €377k
Debt ≤ 1 year
€430k▲
2024 · €355k
Debt > 1 year
€50k▲
2024 · €23k
Income taxes
€4k▼
2024 · €19k
Staff costs
€441k▲
2024 · €366k
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€506k€609k▲
Fixed assets21/28€33k€91k▲
Intangible fixed assets21€573€32k▲
Tangible fixed assets22/27€32k€59k▲
Plant, machinery and equipment23€4k€32k▲
Furniture and vehicles24€28k€22k▼
Leasing and similar rights25-€4k
Other tangible fixed assets26€329€294▼
Current assets29/58€473k€518k▲
Stocks and contracts in progress3€108k€86k▼
Stocks30/36€108k€86k▼
Amounts receivable within one year40/41€321k€352k▲
Trade receivables40€214k€244k▲
Other amounts receivable41€107k€108k▲
Cash at bank and in hand54/58€43k€80k▲
Deferred charges and accrued income490/1€1k€31▼
Equity and liabilities
Total equity and liabilities10/49€506k€609k▲
Equity10/15€128k€128k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€400€400=
Non-distributable reserves130/1€400€400=
Legal reserve130€400€400=
Profit (loss) carried forward14€66k€66k▲
Amounts payable17/49€377k€480k▲
Amounts payable after more than one year17€23k€50k▲
Financial debts170/4€23k€50k▲
Amounts payable within one year42/48€355k€430k▲
Current portion of amounts payable after more than one year42€33k€49k▲
Financial debts43€65k€60k▼
Credit institutions430/8€65k€60k▼
Trade debts44€132k€232k▲
Suppliers440/4€132k€232k▲
Taxes, remuneration and social security45€81k€88k▲
Taxes450/3€37k€40k▲
Remuneration and social security454/9€44k€49k▲
Other amounts payable47/48€43k€497▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€366k€441k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€14k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€819€7k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€437k€476k▲
Operating profit (loss)9901€66k€12k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€58k€4k▼
Income taxes67/77€19k€4k▼
Profit (loss) for the period9904€39k€114▼
Profit (loss) for the period to be appropriated9905€39k€114▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€66k▲
Profit (loss) brought forward from the previous period14P€27k€66k▲
Social balance
Average headcount (FTE)90878.09.4▲
The notes to these accounts (23 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
11-08
State Gazette act
Capital & shares · Purpose · RestructuringGeneral meeting · Merger · Accounting effect11 facts ▸
State Gazette act
Capital & shares · Purpose · Restructuring
General meeting · Merger · Accounting effect11 facts ▸
- General meeting, 30/07/2026
- Merger
- Accounting effect, 01/01/2026
- Capital increase, €18.550
- Capital, €80.050
- Purpose change, La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour compte de tiers: -toutes opérations de lettrage, décoration (peinture ou a…
- Exchange ratio, 39.78
- Dissolution, sans liquidation
- Auditor report, 28/07/2026
- Merger project deposit, 17/06/2026
- Merger project publication, 24/06/2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-06
State Gazette act
RestructuringMerger · Capital · Share issue18 facts ▸
State Gazette act
Restructuring
Merger · Capital · Share issue18 facts ▸
- Merger, 80.050 €, 39.78 actions de la S.A. VISUAL IMPACT pour 1 action de la SRL COPY SIM
- Capital, €61.500
- Capital, €18.550
- Share issue, 3977, rémunération de l'apport de la société absorbée
- Share issue, Attribution des nouvelles actions émises en contrepartie de la fusion, 2625
- Share issue, Attribution des nouvelles actions émises en contrepartie de la fusion, 1352
- Accounting effect, 2026-01-01
- Purpose change, Intégration des activités d'imprimerie, de personnalisation de textiles et d'objets promotionnels
- Permanent representative, Etienne Fraikin
- Shareholding, 1
- Shareholding, 3897
- Shareholding, 66
- +6 further facts in this act
2025
31-12
Financial
Weakest financial yearnet €114 ▼99.7%
Net result drops to €114, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial
Highest result since 2018net €39k ▲335%
Operating result €66k, net result €39k, both a record.
31-12
Financial
Equity above €100kEq €128k ▲43.5%
7 profitable years in a row build equity to €128k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 87 days late
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Seraing · 1 establishment unit since 1990
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.
Voie du Belvédère 34100 SeraingGround area
2,789 m²
Building footprint
1,138 m²
Volume, LiDAR
7,480 m³
Parcel 62357G0848/00D002, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Visual Impact
since 19902.046.664.564
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62357G0848/00D002 | Wallonia | 2,789 m² | 1 · 1,138 m² | 8.5 m · 2 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.
Structure & network
Acquisitions and mergers
2 transactionsTook over:COPY SIM
Took over:COPY SIM
Capital and shareholders
Capital increase of 18,550 EUR · 3,977 new shares
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Prometeus
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OUTDOOR MEDIA
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,755. 2,997 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1989
Fiscal year end31-12
Activities, NACEBEL
32990Other manufacturing not elsewhere classified
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.