VISUATECH
ActiveSummary
VISUATECH has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-108k) and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▲+43
Solvency7▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.1 in 2024; short-term debt: 27.3% and cash: 5.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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 2025Solvency, return and age of the figures
Solvency
-18.2%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 9%
← weakest
strongest →
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
35 d early
2023
40 d early
2022
25 d early
2021
26 d early
2020
39 d early
2019
42 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-108k▲ 6.9%
2024 · €-116k
2018: €103k
2019: €98k▼ -4.8% vs 2018
2020: €162k▲ +65.6% vs 2019
2021: €163k▲ +0.6% vs 2020highest in 8 years
2022: €17k▼ -89.7% vs 2021
2023: €14k▼ -17.4% vs 2022
2024: €-116k▼ -937% vs 2023lowest in 8 years
2025: €-108k▲ +6.9% vs 2024
2018 → 2025
Total assets
€597k▼ 4.0%
2024 · €622k
2018: €1.49Mhighest in 8 years
2019: €1.34M▼ -10.3% vs 2018
2020: €1.29M▼ -3.8% vs 2019
2021: €1.09M▼ -15.4% vs 2020
2022: €861k▼ -20.9% vs 2021
2023: €920k▲ +6.8% vs 2022
2024: €622k▼ -32.4% vs 2023
2025: €597k▼ -4.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€8k
2024 · €-130k
2018: €7k
2019: €5k▼ -28.4% vs 2018
2020: €3k▼ -45.1% vs 2019
2021: €982▼ -63.9% vs 2020
2022: €-146k▼ -14968% vs 2021lowest in 8 years
2023: €-3k▲ +98.0% vs 2022
2024: €-130k▼ -4363% vs 2023
2025: €8k▲ +106% vs 2024highest in 8 years
2018 → 2025
Working capital
€-110k▲ 70.6%
2024 · €-373k
2018: €67khighest in 8 years
2019: €-6k▼ -109% vs 2018
2020: €58k▲ +1056% vs 2019
2021: €43k▼ -25.9% vs 2020
2022: €-131k▼ -404% vs 2021
2023: €-195k▼ -49.4% vs 2022
2024: €-373k▼ -90.8% vs 2023lowest in 8 years
2025: €-110k▲ +70.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€163k-€17k▼ 89.7%€14k▼ 17.4%€-116k€-108k▲ 6.9%
2021: €163khighest in 5 years
2022: €17k▼ -89.7% vs 2021
2023: €14k▼ -17.4% vs 2022
2024: €-116k▼ -937% vs 2023lowest in 5 years
2025: €-108k▲ +6.9% vs 2024
Operating result€63k-€-89k€64k€-63k€41k
2021: €63k
2022: €-89k▼ -243% vs 2021lowest in 5 years
2023: €64k▲ +172% vs 2022highest in 5 years
2024: €-63k▼ -198% vs 2023
2025: €41k▲ +165% vs 2024
Net result€982-€-146k€-3k▲ 98.0%€-130k▼ 4,363%€8k
2021: €982
2022: €-146k▼ -14968% vs 2021lowest in 5 years
2023: €-3k▲ +98.0% vs 2022
2024: €-130k▼ -4363% vs 2023
2025: €8k▲ +106% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €41k after a loss of €63k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €597k
Fixed assets
€543k ▼ 6.7%
Current assets
€53k ▲ 35.3%
Key figures and ratios
EBITDA
€88k▲
2024 · €-15k
Cash flow
€55k▲
2024 · €-83k
Solvency
-18.2%▲
2024 · -18.7%
Current ratio
0.33▲
2024 · 0.10
Debt to equity
-6.51▼
2024 · -6.34
ROA
1.3%▲
2024 · -20.9%
Interest coverage
2.65▲
2024 · -0.23
Debt
€705k▼
2024 · €738k
Debt ≤ 1 year
€163k▼
2024 · €412k
Debt > 1 year
€542k▲
2024 · €319k
Income taxes
€-12▼
2024 · €178
Staff costs
€5k▼
2024 · €111k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€622k€597k▼
Fixed assets21/28€582k€543k▼
Tangible fixed assets22/27€582k€543k▼
Land and buildings22€580k€543k▼
Furniture and vehicles24€2k-
Financial fixed assets28€186€186=
Current assets29/58€39k€53k▲
Amounts receivable within one year40/41€33k€17k▼
Trade receivables40€28k€10k▼
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€5k€35k▲
Deferred charges and accrued income490/1€1k€890▼
Equity and liabilities
Total equity and liabilities10/49€622k€597k▼
Equity10/15€-116k€-108k▲
Contributions10/11€101k€101k=
Reserves13€49k€49k=
Distributable reserves133€49k€49k=
Profit (loss) carried forward14€-267k€-258k▲
Amounts payable17/49€738k€705k▼
Amounts payable after more than one year17€319k€542k▲
Financial debts170/4€319k€542k▲
Amounts payable within one year42/48€412k€163k▼
Current portion of amounts payable after more than one year42€54k€77k▲
Financial debts43€288k€445▼
Credit institutions430/8€288k€445▼
Trade debts44€26k€544▼
Suppliers440/4€26k€544▼
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€8k€5k▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€34k€80k▲
Accrued charges and deferred income492/3€7k-
Income statement
Code20242025
Non-recurring operating income76A-€382
Remuneration, social security and pensions62€111k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€47k▼
Other operating charges640/8€10k€10k▼
Non-recurring operating charges66A€15k-
Gross operating margin9900€121k€102k▼
Operating profit (loss)9901€-63k€41k▲
Financial income75/76B-€15
Recurring financial income75-€15
Financial charges65/66B€67k€33k▼
Recurring financial charges65€67k€33k▼
Profit (loss) for the period before taxes9903€-130k€8k▲
Income taxes67/77€178€-12▼
Profit (loss) for the period9904€-130k€8k▲
Profit (loss) for the period to be appropriated9905€-130k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-267k€-258k▲
Profit (loss) brought forward from the previous period14P€-136k€-267k▼
Social balance
Average headcount (FTE)90872.30.5▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €382 | - |
| Remuneration, social security and pensions62 | €158k | €257k | €156k | €111k | €5k | ▼ 95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45k | €42k | €41k | €48k | €47k | ▼ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-9k | €-4k | - | - | - | - |
| Other operating charges640/8 | €9k | €13k | €9k | €10k | €10k | ▼ 1.5% |
| Non-recurring operating charges66A | - | - | - | €15k | - | - |
| Gross operating margin9900 | €265k | €219k | €271k | €121k | €102k | ▼ 15.6% |
| Operating profit (loss)9901 | €63k | €-89k | €64k | €-63k | €41k | ▲ 165% |
| Financial income75/76B | €1k | €478 | €222 | - | €15 | - |
| Recurring financial income75 | €1k | €478 | €222 | - | €15 | - |
| Financial charges65/66B | €60k | €57k | €67k | €67k | €33k | ▼ 50.6% |
| Recurring financial charges65 | €60k | €57k | €67k | €67k | €33k | ▼ 50.6% |
| Profit (loss) for the period before taxes9903 | €4k | €-146k | €-3k | €-130k | €8k | ▲ 106% |
| Income taxes67/77 | €3k | €380 | €133 | €178 | €-12 | ▼ 107% |
| Profit (loss) for the period9904 | €982 | €-146k | €-3k | €-130k | €8k | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €982 | €-146k | €-3k | €-130k | €8k | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.09M | €861k | €920k | €622k | €597k | ▼ 4.0% |
| Fixed assets21/28 | €625k | €583k | €607k | €582k | €543k | ▼ 6.7% |
| Intangible fixed assets21 | €2k | €319 | - | - | - | - |
| Tangible fixed assets22/27 | €623k | €583k | €607k | €582k | €543k | ▼ 6.7% |
| Land and buildings22 | €621k | €581k | €604k | €580k | €543k | ▼ 6.3% |
| Plant, machinery and equipment23 | €1k | €939 | €471 | - | - | - |
| Furniture and vehicles24 | €1k | €434 | €3k | €2k | - | - |
| Financial fixed assets28 | €186 | €186 | €186 | €186 | €186 | = |
| Current assets29/58 | €462k | €278k | €312k | €39k | €53k | ▲ 35.3% |
| Stocks and contracts in progress3 | €216k | €163k | €149k | - | - | - |
| Stocks30/36 | €216k | €163k | €149k | - | - | - |
| Amounts receivable within one year40/41 | €187k | €113k | €133k | €33k | €17k | ▼ 48.7% |
| Trade receivables40 | €146k | €99k | €126k | €28k | €10k | ▼ 64.3% |
| Other amounts receivable41 | €40k | €13k | €7k | €5k | €7k | ▲ 41.4% |
| Cash at bank and in hand54/58 | €56k | €125 | €28k | €5k | €35k | ▲ 577% |
| Deferred charges and accrued income490/1 | €4k | €2k | €2k | €1k | €890 | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.09M | €861k | €920k | €622k | €597k | ▼ 4.0% |
| Equity10/15 | €163k | €17k | €14k | €-116k | €-108k | ▲ 6.9% |
| Contributions10/11 | €101k | €101k | €101k | €101k | €101k | = |
| Reserves13 | €61k | €49k | €49k | €49k | €49k | = |
| Distributable reserves133 | €61k | €49k | €49k | €49k | €49k | = |
| Profit (loss) carried forward14 | - | €-133k | €-136k | €-267k | €-258k | ▲ 3.0% |
| Amounts payable17/49 | €925k | €844k | €906k | €738k | €705k | ▼ 4.5% |
| Amounts payable after more than one year17 | €505k | €435k | €396k | €319k | €542k | ▲ 69.8% |
| Financial debts170/4 | €505k | €435k | €396k | €319k | €542k | ▲ 69.8% |
| Amounts payable within one year42/48 | €419k | €408k | €507k | €412k | €163k | ▼ 60.5% |
| Current portion of amounts payable after more than one year42 | €72k | €73k | €68k | €54k | €77k | ▲ 42.2% |
| Financial debts43 | €224k | €186k | €291k | €288k | €445 | ▼ 99.8% |
| Credit institutions430/8 | €224k | €186k | €291k | €288k | €445 | ▼ 99.8% |
| Trade debts44 | €38k | €89k | €76k | €26k | €544 | ▼ 97.9% |
| Suppliers440/4 | €38k | €89k | €76k | €26k | €544 | ▼ 97.9% |
| Taxes, remuneration and social security45 | €82k | €60k | €50k | €9k | €5k | ▼ 43.7% |
| Taxes450/3 | €56k | €17k | €30k | €8k | €5k | ▼ 36.7% |
| Remuneration and social security454/9 | €27k | €43k | €20k | €1k | - | - |
| Other amounts payable47/48 | €3k | €822 | €22k | €34k | €80k | ▲ 133% |
| Accrued charges and deferred income492/3 | €440 | €755 | €2k | €7k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €982 | €-146k | €-3k | €-130k | €8k | ▲ 106% |
| + Depreciation and write-downs630 | €45k | €42k | €41k | €48k | €47k | ▼ 1.6% |
| Operating cash flow (approximation) | €46k | €-104k | €38k | €-83k | €55k | ▲ 166% |
| Investment in fixed assets (approximation) | - | €0 | €-65k | €-23k | €-8k | ▲ 65.0% |
| Change in cash | - | €-55k | €28k | €-23k | €30k | ▲ 230% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-146k
Net result drops to €-146k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €162k ▲65.6%
3 profitable years in a row build equity to €162k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Zonhoven · 1 establishment unit since 2009
Ground area
3,223 m²
Building footprint
1,838 m²
Volume, LiDAR
12,499 m³
Parcel 71442C0729/00M000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VISUATECH
since 20092.175.273.795
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442C0729/00M000 | Flanders | 3,223 m² | 1 · 1,838 m² | 8.1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 270 EUR awarded · 270 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 270 EUR | 270 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 1,830 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.