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Visytec

Active Risk: not assessed
Private limited companyfounded 201510 yrs activeZandvoordestraat 444, 8400 Oostende, BelgiumKBO/BCE: BE 0643.526.902
Summary

Visytec has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €12.8m and a net result of €2,428. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 26040 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals

Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €12.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
16 d early
2023
26 d late
2022
30 d late
2021
2 d early
2020
35 d early
2019
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Visytec was incorporated on 23 November 2015.1 Total assets rose from EUR 123,547 in 2018 to EUR 17 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€12.8m=
2023 · €12.8m
Total assets
€17.3m=
2023 · €17.3m
Net result
€2,428▼ 100.0%
2023 · €12.7m
Working capital
-€443,567▲ 0.1%
2023 · -€443,890
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€7,354▼ 11.6%-€4,130▲ 43.8%€23,943€1,387▼ 94.2%€2,713▲ 95.5%
Net result-€6,940▼ 4.5%-€4,166▲ 40.0%€23,255€12.7m▲ 54,407%€2,428▼ 100.0%
Equity€99,265▼ 6.5%€95,099▼ 4.2%€118,354▲ 24.5%€12.8m▲ 10,710%€12.8m=
Total assets€121,965▲ 3.5%€123,172▲ 1.0%€126,706▲ 2.9%€17.3m▲ 13,516%€17.3m=
Debt€22,700▲ 94.4%€28,073▲ 23.7%€8,353▼ 70.2%€2.5m▲ 29,332%€2.5m=
Working capital-€13,349▼ 18.2%-€17,050▼ 27.7%€5,740-€443,890-€443,567▲ 0.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
  • 2024 Net result -100% on 2023. Cause not known from the registers.
  • 2023 Net result +54,407%, Equity +10,710%, Total assets +13,516% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€5.0m€0€5.0m€10.0m€15.0mOperating result 2020: -€7,354-€7,354Net result 2020: -€6,940-€6,940Operating result 2021: -€4,130-€4,130Net result 2021: -€4,166-€4,166Operating result 2022: €23,943€23,943Net result 2022: €23,255€23,255Operating result 2023: €1,387€1,387Net result 2023: €12.7m€12.7mOperating result 2024: €2,713€2,713Net result 2024: €2,428€2,42820202021202220232024€0€5m€10m€15mOperating result 2022: €23,943€23,900Net result 2022: €23,255€23,300Operating result 2023: €1,387€1,390Net result 2023: €12.7m€13mOperating result 2024: €2,713€2,710Net result 2024: €2,428€2,430202220232024
The operating result recovers in 2024; 2024 is 96% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17.3m
Fixed assets €15.2m =
Current assets €2.0m =
Equity and liabilities €17.3m
Equity €12.8m =
Provisions €2.0m =
Debt €2.5m =
Debt's share of the balance-sheet total stays at 14.2%.
Key figures and ratios
2024 value · change against 2023
ROE
0.0%▼
2023 · 99.1%
ROA
0.0%▼
2023 · 73.5%
Debt ≤ 1 year
€2.5m=
2023 · €2.5m
Income taxes
€243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€17.3m€17.3m=
Fixed assets21/28€15.2m€15.2m=
Financial fixed assets28€15.2m€15.2m=
Current assets29/58€2.0m€2.0m=
Amounts receivable within one year40/41€2.0m€2.0m=
Trade receivables40€1,974€1,662▼
Other amounts receivable41€2.0m€2.0m=
Cash at bank and in hand54/58€1,579€822▼
Equity and liabilities
Total equity and liabilities10/49€17.3m€17.3m=
Equity10/15€12.8m€12.8m=
Contributions10/11€121,300€121,300=
Reserves13€12.7m€12.7m=
Non-distributable reserves130/1€2,340-
Reserves not available under the articles1311€2,340-
Distributable reserves133€12.7m€12.7m=
Provisions and deferred taxes16€2.0m€2.0m=
Provisions for liabilities and charges160/5€2.0m€2.0m=
Other liabilities and charges164/5€2.0m€2.0m=
Amounts payable17/49€2.5m€2.5m=
Amounts payable within one year42/48€2.5m€2.5m=
Trade debts44€923€387▼
Suppliers440/4€923€387▼
Taxes, remuneration and social security45€19€281▲
Taxes450/3€19€281▲
Other amounts payable47/48€2.5m€2.5m=
Income statement Code20232024
Non-recurring operating income76A€2.0m-
Provisions for liabilities and charges: additions (uses and reversals)635/8€2.0m-
Other operating charges640/8€772€628▼
Gross operating margin9900€2.0m€3,341▼
Operating profit (loss)9901€1,387€2,713▲
Financial income75/76B€12.7m-
Recurring financial income75€12.7m-
Financial charges65/66B€42€42=
Recurring financial charges65€42€42=
Profit (loss) for the period before taxes9903€12.7m€2,671▼
Income taxes67/77-€243
Profit (loss) for the period9904€12.7m€2,428▼
Profit (loss) for the period to be appropriated9905€12.7m€2,428▼
Appropriation of the result
Profit (loss) to be appropriated9906€12.7m€2,428▼
Profit (loss) brought forward from the previous period14P-€5,286-
Transfer to equity691/2€12.7m€2,428▼
To other reserves6921€12.7m€2,428▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A---€2.0m--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,888-----
Provisions for liabilities and charges: additions (uses and reversals)635/8---€2.0m--
Other operating charges640/8-€465€469€772€628▼ 18.6%
Gross operating margin9900-€1,865-€3,665€24,412€2.0m€3,341▼ 99.8%
Operating profit (loss)9901-€7,354-€4,130€23,943€1,387€2,713▲ 95.5%
Financial income75/76B---€12.7m--
Recurring financial income75€730--€12.7m--
Financial charges65/66B-€36€688€42€42=
Recurring financial charges65€317€36€688€42€42=
Profit (loss) for the period before taxes9903-€6,940-€4,166€23,255€12.7m€2,671▼ 100.0%
Income taxes67/77----€243-
Profit (loss) for the period9904-€6,940-€4,166€23,255€12.7m€2,428▼ 100.0%
Profit (loss) for the period to be appropriated9905-€6,940-€4,166€23,255€12.7m€2,428▼ 100.0%
Line20202021202220232024Change
Assets
Total assets20/58€121,965€123,172€126,706€17.3m€17.3m=
Fixed assets21/28€112,614€112,614€112,614€15.2m€15.2m=
Financial fixed assets28€112,614€112,614€112,614€15.2m€15.2m=
Current assets29/58€9,351€10,558€14,092€2.0m€2.0m=
Amounts receivable within one year40/41€311€9,674€12,310€2.0m€2.0m=
Trade receivables40-€517€1,941€1,974€1,662▼ 15.8%
Other amounts receivable41-€9,158€10,369€2.0m€2.0m=
Cash at bank and in hand54/58€9,040€883€1,783€1,579€822▼ 48.0%
Equity and liabilities
Total equity and liabilities10/49€121,965€123,172€126,706€17.3m€17.3m=
Equity10/15€99,265€95,099€118,354€12.8m€12.8m=
Contributions10/11-€121,300€121,300€121,300€121,300=
Reserves13€2,340€2,340€2,340€12.7m€12.7m=
Non-distributable reserves130/1-€2,340€2,340€2,340--
Reserves not available under the articles1311-€2,340€2,340€2,340--
Distributable reserves133---€12.7m€12.7m=
Profit (loss) carried forward14-€24,375-€28,542-€5,286---
Provisions and deferred taxes16---€2.0m€2.0m=
Provisions for liabilities and charges160/5---€2.0m€2.0m=
Other liabilities and charges164/5---€2.0m€2.0m=
Amounts payable17/49€22,700€28,073€8,353€2.5m€2.5m=
Amounts payable within one year42/48€22,700€27,608€8,353€2.5m€2.5m=
Trade debts44-€908€1,809€923€387▼ 58.0%
Suppliers440/4-€908€1,809€923€387▼ 58.0%
Advances received on contracts in progress46--€225---
Taxes, remuneration and social security45--€186€19€281▲ 1,369%
Taxes450/3--€186€19€281▲ 1,369%
Other amounts payable47/48-€26,700€6,133€2.5m€2.5m=
Accrued charges and deferred income492/3-€465----
Line20202021202220232024Change
Profit (loss) for the period9904-€6,940-€4,166€23,255€12.7m€2,428▼ 100.0%
+ Depreciation and write-downs630€4,888-----
Operating cash flow (approximation)-€2,052-€4,166€23,255€12.7m€2,428▼ 100.0%
Investment in fixed assets (approximation)-€0€0-€15.1m-€2,105▲ 100.0%
Change in cash--€8,157€899-€203-€758▼ 273%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
15-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial Highest result since 2018net €12.7m ▲54,407%
Net result €12.7m, the highest in the series.
31-12
Financial Equity above €10mEq €12.8m ▲10,710%
2 profitable years in a row build equity to €12.8m.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial Back to profitnet €23,255
Net result €23,255 after 4 loss-making years.
31-12
Financial Liquidity quadruplescurrent ratio 1.69
Current ratio from 0.38 to 1.69; short-term debt falls from €27,608 to €8,353.
31-12
Financial Equity above €100,000Eq €118,354 ▲24.5%
Equity rises from €95,099 to €118,354.
29-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet -€6,940
Net result drops to -€6,940, the lowest in the series; recovery starts the following year.
21-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
03-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 34 days late
2018
23-07
NBB filing Annual accounts filed
fiscal year 2017 · micro 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, Oostende · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
1.3 ha
Building footprint
1,612 m²
Volume, LiDAR
9,307 m³
Parcel 35026A0447/00E000, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
Visytec BV
Zandvoordestraat 444, 8400 OostendeRetail trade
since 20152.247.937.485
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35026A0447/00E000 Flanders 1.3 ha 1 · 1,612 m² 8.2 m · 3 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.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 2

According to the 2024 annual accounts of Visytec and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 83 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
Founded23-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
61200Telecommunications resale and intermediation services
62900Other information technology and computer services
62100Computer programming
64210Activities of holding companies
77225Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0643526902
Also 9925:BE0643526902
Registered 20-02-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.