Visual Studio User Group Belgium has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2013 annual accounts show equity of €39k and a net result of €6k. Equity is growing by ~19.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2013 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2013 · tick = 2012
Profitability69▼-3
Solvency100=
Growth85▲+18
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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 · 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2013Solvency, return and age of the figures
Solvency
95%
Return on assets
14.2%
Age of the figures
153 mo
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 · No filing for years
The last filed financial year closed on 31-12-2013. Since then, 12 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2014 close31-07-2015 deadline19-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2013 was due by 31-07-2014 and was filed on 31-03-2014, 122 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2013, abbreviated schema
Turnover
€52k▲ 230%
2012 · €16k
2009: €14k
2010: €13k
2011: €14k
2012: €16k
2009 → 2013
EBIT margin
10.8%▼ 20.7pp
2012 · 31.5%
2009: 23.3%
2010: 2.5%
2011: 51.8%
2012: 31.5%
2009 → 2013
Net result
€6k▲ 11.9%
2012 · €5k
2009: €3k
2010: €3k
2011: €8k
2012: €5k
2009 → 2013
Working capital
€38k▲ 13.8%
2012 · €34k
2009: €18k
2010: €20k
2011: €28k
2012: €34k
2009 → 2013
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20092010201120122013Trend
Turnover€14k-€13k▼ 6.5%€14k▲ 6.9%€16k▲ 12.5%€52k▲ 230%
Equity€18k-€21k▲ 14.0%€28k▲ 36.7%€33k▲ 18.6%€39k▲ 17.5%
Operating result€3k-€327▼ 90.0%€7k▲ 2,117%€5k▼ 31.6%€6k▲ 13.2%
Net result€3k-€3k▼ 21.9%€8k▲ 198%€5k▼ 30.7%€6k▲ 11.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2013; 2013 is 13% above 2012.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €41k
Fixed assets
€903
Current assets
€40k
Equity and liabilities €41k
Equity
€39k▲ 17.5%
Debt
€2k▼ 56.6%
The debt ratio falls from 12.5% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k
Cash flow
€6k
Solvency
95.0%▲
2012 · 87.5%
Current ratio
19.58▲
2012 · 8.55
Quick ratio
19.58▲
2012 · 8.55
ROE
14.9%▼
2012 · 15.7%
ROA
14.2%▲
2012 · 13.7%
Debt
€2k▼
2012 · €5k
Debt ≤ 1 year
€2k▼
2012 · €4k
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 · 2013 against 2012
Balance sheet
Code20122013
Assets
Total assets20/58€38k€41k▲
Fixed assets21/28-€903
Tangible fixed assets22/27-€903
Current assets29/58€38k€40k▲
Amounts receivable within one year40/41€3k€895▼
Cash at bank and in hand54/58€34k€39k▲
Equity and liabilities
Total equity and liabilities10/49€38k€41k▲
Equity10/15€33k€39k▲
Profit (loss) carried forward14€33k€39k▲
Amounts payable17/49€5k€2k▼
Amounts payable within one year42/48€4k€2k▼
Trade debts44€4k€673▼
Income statement
Code20122013
Turnover70€16k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€301
Gross operating margin9900€5k€6k▲
Operating profit (loss)9901€5k€6k▲
Recurring financial income75€410€368▼
Recurring financial charges65€135€126▼
Profit (loss) for the period before taxes9903€5k€6k▲
Profit (loss) for the period9904€5k€6k▲
Timeline · acts, filings and financial milestones
2014
31-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
31-12
Financial
Liquidity doublescurrent ratio 19.58
Current ratio from 8.55 to 19.58; short-term debt falls from €4k to €2k.
21-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
15-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
31-12
Financial
Highest result since 2009net €8k ▲198%
Operating result €7k, net result €8k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
31-12
Financial
Weakest financial yearnet €3k ▼21.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 487.66
Current ratio from 66.00 to 487.66; short-term debt falls from €274 to €42.
30-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
10-06
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
26-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
28-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Boutersem
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.
Pastoriestraat 33370 BoutersemGround area
1,236 m²
Building footprint
124 m²
Volume, LiDAR
810 m³
Parcel 24093A0203/00P000, Flanders · tallest building 15.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24093A0203/00P000 | Flanders | 1,236 m² | 1 · 124 m² | 15.9 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.
Similar companies · same sector, comparable size
JDeS
BE 1008.466.141
Bertem · Eq €39k
NextGenics
BE 0760.702.506
Hasselt · Eq €39k
SAINT ROCH TREE TECHNOLOGIES
BE 0863.982.166
Blégny · Eq €40k
The Beaumont Holding
BE 0842.771.335
Machelen (Brab.) · Eq €40k
Dorothée Albert Management
BE 1017.865.738
Overijse · Eq €40k
Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,301 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded22-03-2006
Fiscal year end31-12
Abbreviation NL
VISUG
Activities, NACEBEL
62900Other information technology and computer services
72600
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.