VISUAL SAFETY
Open bankruptcyA bankruptcy procedure is open for VISUAL SAFETY according to publications in the Belgian State Gazette; curator: NILS VERSCHAEREN.
No longer registered with the KBO; last annual accounts for fiscal year 2024.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
183 d late
2022
549 d late
2021
190 d late
2020
29 d early
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€74k▼ 1.8%
2023 · €75k
2019: €37k
2020: €31k
2021: €-7k
2022: €39k
2023: €75k
2019 → 2024
Total assets
€745k▲ 21.8%
2023 · €611k
2019: €263k
2020: €383k
2021: €452k
2022: €617k
2023: €611k
2019 → 2024
Net result
€-1k
2023 · €36k
2019: €17k
2020: €-6k
2021: €-38k
2022: €46k
2023: €36k
2019 → 2024
Working capital
€43k▲ 17.9%
2023 · €36k
2019: €23k
2020: €-1k
2021: €-56k
2022: €-5k
2023: €36k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€31k-€-7k€39k€75k▲ 92.6%€74k▼ 1.8%
Operating result€-622-€-32k▼ 5,058%€52k€55k▲ 6.1%€23k▼ 58.1%
Net result€-6k-€-38k▼ 512%€46k€36k▼ 21.0%€-1k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 58% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €745k
Fixed assets
€31k▼ 44.7%
Current assets
€714k▲ 28.5%
Equity and liabilities €745k
Equity
€74k▼ 1.8%
Debt
€671k▲ 25.1%
The debt ratio rises from 87.8% to 90.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50k▼
2023 · €85k
Cash flow
€26k▼
2023 · €66k
Solvency
9.9%▼
2023 · 12.2%
Current ratio
1.06▼
2023 · 1.07
Quick ratio
1.03▼
2023 · 1.04
Debt / equity
9.13▲
2023 · 7.16
ROE
-1.8%▼
2023 · 48.1%
ROA
-0.2%▼
2023 · 5.9%
Interest coverage
2.07▼
2023 · 26.66
Debt
€671k▲
2023 · €537k
Debt ≤ 1 year
€671k▲
2023 · €519k
Debt > 1 year
€0▼
2023 · €17k
Income taxes
€0▼
2023 · €16k
Staff costs
€127k▼
2023 · €146k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€611k€745k▲
Fixed assets21/28€56k€31k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€55k€30k▼
Plant, machinery and equipment23€23k€13k▼
Furniture and vehicles24€19k€11k▼
Leasing and similar rights25€13k€6k▼
Other tangible fixed assets26€0-
Financial fixed assets28€1k€1k▲
Current assets29/58€555k€714k▲
Stocks and contracts in progress3€17k€25k▲
Stocks30/36€17k€25k▲
Amounts receivable within one year40/41€530k€638k▲
Trade receivables40€519k€625k▲
Other amounts receivable41€11k€13k▲
Cash at bank and in hand54/58€8k€46k▲
Deferred charges and accrued income490/1€0€4k▲
Equity and liabilities
Total equity and liabilities10/49€611k€745k▲
Equity10/15€75k€74k▼
Contributions10/11€20k€20k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€38k€36k▼
Amounts payable17/49€537k€671k▲
Amounts payable after more than one year17€17k€0▼
Financial debts170/4€17k€0▼
Amounts payable within one year42/48€519k€671k▲
Current portion of amounts payable after more than one year42€25k€17k▼
Trade debts44€220k€88k▼
Suppliers440/4€220k€88k▼
Taxes, remuneration and social security45€61k€55k▼
Taxes450/3€37k€26k▼
Remuneration and social security454/9€24k€30k▲
Other amounts payable47/48€213k€511k▲
Income statement
Code20232024
Remuneration, social security and pensions62€146k€127k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€27k▼
Other operating charges640/8€117€2k▲
Gross operating margin9900€231k€180k▼
Operating profit (loss)9901€55k€23k▼
Financial income75/76B€6€0▼
Recurring financial income75€6€0▼
Non-recurring financial income76B€0-
Financial charges65/66B€3k€24k▲
Recurring financial charges65€3k€24k▲
Profit (loss) for the period before taxes9903€52k€-1k▼
Income taxes67/77€16k€0▼
Profit (loss) for the period9904€36k€-1k▼
Profit (loss) for the period to be appropriated9905€36k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€36k▼
Profit (loss) brought forward from the previous period14P€2k€38k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 183 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 549 days late
24-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · VISUAL SAFETY BV BERKEN- LAAN 21, 9150 KRUIBEKE · event 20-01-2025
2023
06-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 190 days late
2022
31-12
Financial
Back to profitnet €46k
Net result €46k after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NILS VERSCHAEREN GROTE BAAN 68, 9120. MELSELE- |
20-01-2025 → present |
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 555 EUR awarded · 555 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 555 EUR |
| 2024 | 1 | 555 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)