Equity
€227,619 ▲ 83.6%
Equity rose in 2025 from €123,973 to €227,619.
VISUALIS
Overview
Lifetime
2 annual accounts with figures on one time axispeak €211,825 (2024)
€150,247▼ 29.1%
peak €113,973 (2024)
€103,646▼ 9.1%
peak €227,619 (2025)
€227,619▲ 83.6%
€19,141▼ 74.8%
Board1 name since 2024
1 directorMarie-Geneviève GRANDJEAN
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €211,825 to €150,247Equity from €123,973 to €227,619Debts from €75,875 to €19,141
Key points
from the 2025 annual accountsLiquidity
10.78 was 1.93 in 2024
Short-term debts fell from €75,826 to €19,130.
Position in the sector
92.2%
Higher solvency than 95% of companies in retail trade. Sector median 33.1% · 22,869 companies.
Checked score
92
Excellent
Financially stronger than 93% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,280 companies (NACE 47, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 1.8%
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025highest value
07-2025: 0.4%▼ -1.4 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €246,760
lowers risk
Liquidity: current ratio 10.78, cash €80,393
Equity €227,619 (92.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 92% of them on solvency, 92% on liquidity, 96% on profitability and 91% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as VISUALIS has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
The bankruptcy probability of VISUALIS itself is lower: 0.3% within 12 months. It rests on far more data about VISUALIS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for VISUALIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €20,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 10.78 (1.93 in 2024), above the usual 1.5. Short-term debt is 7.8% and cash 32.6% of total assets. 7.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
41 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 21 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007651440
Incorporation
Founding capital of €10,000, 100 shares · Founder: Marie-Geneviève GRANDJEAN (comparant constituant) · Appointment: Marie-Geneviève GRANDJEAN (director) · published on 29-03-2024 · Gazette deed
First establishment
Chaussée de Waterloo 447, Namur
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VISUALIS Namur | €246,760 | €150,247 | 92.2% | - |
| CCM-OPTICS Koksijde | €255,290 | €143,265 | 54.7% | - |
| BDV Optic Philippeville | €340,659 | €88,079 | -10.1% | - |
| Fier Schilde | €234,588 | €109,796 | 33.6% | - |
| E. OPTIEK Oudsbergen | €184,589 | €224,133 | 64.2% | - |
| H&L OPTIC Mouscron | €402,667 | €148,867 | 6.7% | - |
| OPTIQUE AWANS Awans | €273,457 | €122,298 | -45.3% | 2.1 |
These companies have the same main activity as VISUALIS: retail sale of prescription glasses, lenses and sunglasses (NACE 47742). They are comparable in size and age: total assets between €185,000 and €403,000, founded between 2022 and 2025.
Official details
Source: KBO- Status
- Active since 27-03-2024Normal situation
- Activity
- Retail sale of prescription glasses, lenses and sunglassesNACE 47742and 3 others
- Establishment unit
- 2.357.642.6065002 Namur, since 27-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 05-02-2025
Annual accounts 2025
- €150,247▼ 29.1%
- ≈ €460,000estimated
- €103,646▼ 9.1%
- €227,619▲ 83.6%
- €246,760▲ 23.5%
- ≈ 0 FTEestimated
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on VISUALIS
VISUALIS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227,619 and a net result of €103,646.
Its solvency ranks better than 95% of 22,869 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-07-2026, on the day of the deadline€150,247
▼ 29.1%
€132,390
▼ 9.6%
€103,646
▼ 9.1%
€187,188
▲ 166%
92.2%
▲ 30.2 percentage points
10.78
▲ 8.86
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €460,000. Estimated: probably between €320,000 and €850,000.
Balance sheet
balance sheet total €246,760 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
92.2%
Higher than 95% of 22,869 companies in 2025.
10.78
Higher than 95% of 22,000 companies in 2025.
42.0%
Higher than 95% of 22,150 companies in 2025.
VISUALIS
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
246,760 | 199,848 | |
21/28 |
40,442 | 53,557 | |
22/27 |
40,442 | 53,557 | |
23 |
23,439 | 29,614 | |
24 |
12,634 | 21,812 | |
26 |
4,368 | 2,131 | |
29/58 |
206,318 | 146,291 | |
3 |
17,972 | 15,958 | |
30/36 |
17,972 | 15,958 | |
40/41 |
37,388 | 62,276 | |
40 |
519 | 24,515 | |
41 |
36,868 | 37,761 | |
50/53 |
68,796 | - | |
54/58 |
80,393 | 67,780 | |
490/1 |
1,769 | 278 | |
| Balance sheet: equity and liabilities | |||
10/49 |
246,760 | 199,848 | |
10/15 |
227,619 | 123,973 | |
10/11 |
10,000 | 10,000 | |
14 |
217,619 | 113,973 | |
17/49 |
19,141 | 75,875 | |
42/48 |
19,130 | 75,826 | |
43 |
0 | 35,140 | |
430/8 |
0 | 35,140 | |
44 |
8,651 | 40,235 | |
440/4 |
8,651 | 40,235 | |
45 |
10,479 | 451 | |
450/3 |
10,479 | 451 | |
492/3 |
11 | 48 | |
| Income statement | |||
9900 |
150,247 | 211,825 | |
62 |
626 | 524 | |
630 |
15,660 | 26,304 | |
640/8 |
1,570 | 38,488 | |
9901 |
132,390 | 146,509 | |
75/76B |
3,392 | 2,000 | |
75 |
3,392 | 2,000 | |
65/66B |
1,162 | 314 | |
65 |
1,162 | 314 | |
9903 |
134,620 | 148,195 | |
67/77 |
30,975 | 34,222 | |
9904 |
103,646 | 113,973 | |
9905 |
103,646 | 113,973 | |
| Appropriation of the result | |||
9906 |
217,619 | 113,973 | |
14P |
113,973 | - | |
| Document | |||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 148,050 | 172,813 | ||
| 119,306 | 140,277 | ||
| 2,545 | 79,861 | ||
| 12,614 | - | ||
| 187,188 | 70,465 | ||
| 92.2% | 62.0% | ||
| 10.78 | 1.93 | ||
| 9.85 | 1.72 | ||
| 0.08 | 0.61 | ||
| 45.5% | 91.9% | ||
| 42.0% | 57.0% | ||
| over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €2,545 | €79,861 |
| Financial fixed assets | €0 | - |
| €15,660 | €26,304 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on VISUALIS
The operating result for 2025 is 10% lower than in 2024.
Debt's share of the balance-sheet total falls from 38.0% to 7.8%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 29-03-2024
listed in the 2025 annual accounts, filed on 31-07-2026
Mandates through the years
1 name, the dashed line is todayMarie-Geneviève GRANDJEAN
Director
Director
Board
Mandates as a list
- Marie-Geneviève GRANDJEAN
- Director, appointed by deed of 29-03-2024, still in office
Control
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €2,276 in 2025
- Source
- deed of 29-03-2024
Articles of association
deed of 29-03-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Fixe ou proportionnelle, rémunération des administrateurs”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant et moitié acquéreurs au prorata si plusieurs, organe d’administration”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 10:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Quelque cause et à quelque moment que ce soit, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments”
Shareholders
At incorporation
deed of 29-03-2024 ↗
- Marie-Geneviève GRANDJEAN 100 shares (100%) · €10,000 in cash
Network & group
No group
VISUALIS has no parent and no holdings in its annual accounts. Marie-Geneviève GRANDJEAN is the only director. VISUALIS shares no director with another company.
Timeline
Timeline
7 events since 2024Filings
Financial
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · on the deadline day
2025
Liquidity more than 5 times current ratio 10.78 The current ratio rises from 1.93 to 10.78. Short-term debt falls from €75,826 to €19,130.
Equity above €200,000 equity €227,619 ▲83.6% With a profit in every financial year since 2024, equity grows to €227,619.
Annual accounts 2024 filed PDFmicro format · 41 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007651440
2024
IncorporationFounding capital of €10,000, 100 shares · Founder: Marie-Geneviève GRANDJEAN (comparant constituant) · Appointment: Marie-Geneviève GRANDJEAN (director) · published on 29-03-20245 points ▸
- Registered office clause, Chaussée de Waterloo 447, 5002 Saint-Servais
- Director appointment, Marie-Geneviève GRANDJEAN
- Power of attorney, Alexandre BUGGENHOUT
- Founder, Marie-Geneviève GRANDJEAN (comparant constituant)
- Founding capital, €10,000, 100 shares
- The deed holds 8 more points.
First establishment Chaussée de Waterloo 447, Namur
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 27 March 2024, VISUALIS was incorporated as a private limited company by one natural person, with a starting capital of €10,000.12 Marie-Geneviève GRANDJEAN is director of the company, appointed by deed of 29-03-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1007.651.440
- VAT number
- BE 1007.651.440
- Peppol ID
- 0208:1007651440
- Other Peppol ID
- 9925:BE1007651440
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 27-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 10:00deed of 29-03-2024 (in French)
- Peppol
- Reachable since 05-02-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- VISUALIS in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 29-03-2024 (in French)
Activities
NACEBEL 202547742
Retail sale of prescription glasses, lenses and sunglasses main activity
Codes under NACEBEL 2008
47782
Retail trade main activity
32500
Manufacture of medical and dental instruments and supplies
82300
Organisation of conventions and trade shows
86909
Human health activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La constitution et la gestion d’un patrimoine immobilier et la location-financement de biens immeubles aux tiers,notamment l’acquisition par…”deed of 29-03-2024 (in French)
8 activities
- La constitution et la gestion d’un patrimoine immobilier et la location-financement de biens immeubles aux tiers,notamment l’acquisition par l’achat ou autrement,la vente,l’échange,la construction,la reconstruction,la transformation,l’amélioration,l’équipement,l’aménagement,l’embellissement,l’entretien,l’exploitation,la location,la prise en location,le lotissement,la prospection et l’exploitation de biens immeubles,ainsi que toutes opérations qui,directement ou indirectement,sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine immobilier
- L'achat,la vente,l'échange,la construction,la reconstruction,la démolition,la transformation,l'exploitation,la location et la gérance de tous immeubles bâtis,meublés ou non
- L'achat,la vente,l'échange,la mise en valeur,le lotissement,l'exploitation,la location et l'affermage de tous immeubles non bâtis
- L’exploitation de commerces d’optique,d’appareils auditifs ou acoustiques,photographiques,cinématographiques et informatiques avec tout ce que cette activité comporte ou pourrait comporter
- Le commerce au sens large (import,export,achat,vente,promotion,fabrication,production) d’articles d’optique et d’acoustiques
- La vente d'équipements verres et montures,verres,lunettes,lunettes de soleil,produits nettoyant lunette,lentilles de contact,produits d'entretien pour lentilles,cordons,chainettes,jumelles,station météo,étui à lunettes de chamoisines. La réparation des biens ci-dessus,la taille et la pose de verres optiques et toutes activités annexes et connexes pouvant directement ou indirectement se rattacher à cet objet
- L’activité d’optométrie et les services liés ou connexes
- La formation,l’organisation et la participation à des stages,cours,ateliers,congrès,colloques sur les matières précitées
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Chaussée de Waterloo 447 registered office 5002 Namur 3250005 Manufacture of medical and dental instruments and supplies | 27-03-2024 | 2.357.642.606 |
Buildings and parcels at the address
- Ground area
- 538 m²
- Buildings
- 78 m²
- Volume, LiDAR
- 707 m³
- Tallest building
- 11.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92108B0384/00W014 | 538 m² | 1 · 78 m² | 11.5 m · 3 |