Equity
€319,091 ▲ 167%
Equity rose in 2025: capital increase.
ViZo Immo
Lifetime
20 annual accounts with figures on one time axispeak €107,415 (2025)
€107,415▲ 139×
lowest -€38,786 (2014)
-€16,630▼ €6,358
peak €932,492 (2011)
€319,091▲ 167%
€90,421▲ 2.8%
Board3 names since 2021
Owners4 names in the annual accounts
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €771 to €107,415Loss of €16,630Capital increase of €142,500 03-11Equity from €119,378 to €319,091Investments €193,090Cash from €18,645 to €73,528
Key points
from the 2025 annual accountsLosses
-€292,380 in 15 years
Every financial year from 2011 to 2025 closed with a loss. 2014 was the heaviest.
Turnover
≈ €190,000 estimated
The accounts state no turnover.
Investments
€315,686 12.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 91.8% higher than in 2024.
Liquidity
14.57 was 6.60 in 2024
Short-term debts rose from €3,005 to €5,430.
Filings
20 annual accounts since 2006
Two of the last ten came late. The 2025 accounts came latest: 31 days after the end of the period.
Checked score
97
Excellent
Financially stronger than 76% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 14.57, cash €73,528
Size: total assets €434,127
Equity €319,091 (73.5% 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 68, micro). It does better than 80% of them on solvency, 81% on liquidity, 51% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 12,322 companies had the same profile as ViZo Immo has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ViZo Immo itself: 0.1% within 12 months.
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 12,322 companies, not a prediction for ViZo Immo. 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 €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 14.57 (6.6 in 2024), above the usual 1.5. Short-term debt is 1.3% and cash 16.9% of total assets. 26.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €319,091
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
45 days early
2023
146 days early
2022
30 days late
2021
113 days early
2020
67 days early
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 45 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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. The company usually files around 16 June (4 of the last 5 accounts filed within 76 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Tullio Maccio 35.97%annual accounts 2017
- Elisabeth Caenen 34.03%annual accounts 2017
- Grégory Maccio 15%annual accounts 2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0876189815
Capital increase of €142,500
1,130 new shares · Capital contribution: apport en nature · Reappointment: MACCIO Virginie Christine Johanna Anthony (director) · General meeting of 24-09-2025 · Gazette deed
Demerger: ViZo Immo splits off to TEMA-IMMO
Company renamed from AVGS to ViZo Immo · Change of role: MACCIO Virginie, from director to sole director · Resignations: MACCIO Grégory (director) and Élisabeth CAENEN (director) · General meeting of 26-07-2022 · Gazette deed
Demerger proposal: AVGS splits off to TEMA-IMMO
Board meeting of 11-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ViZo Immo Soumagne | €434,127 | €107,415 | 73.5% | - |
| JBD CONSULT Esneux | €377,667 | €121,265 | 80.7% | - |
| BEM IMMO Malmedy | €546,404 | €89,808 | 94.0% | - |
| EXPERTIMMO EGAL Schaerbeek | €446,055 | €108,794 | 40.9% | - |
| ADMIRES Antwerp | €425,351 | €97,328 | 91.2% | - |
| MARECHAL Ghent | €482,249 | €115,313 | 19.2% | - |
| AGENCE IMMOBILIERE MONTOISE Mons | €382,604 | €110,353 | 68.0% | - |
These companies have the same main activity as ViZo Immo: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €378,000 and €546,000, founded between 2004 and 2008.
Official details
Source: KBO- Status
- Active since 22-09-2005Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 2 others
- Establishment unit
- 2.149.970.0594607 Dalhem, since 16-11-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on ViZo Immo
ViZo Immo files the abbreviated format. That format states no turnover. The gross margin rose from -€3,981 in 2006 to €107,415 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ViZo Immo
- What is the company number of ViZo Immo?
- The company number of ViZo Immo is 0876.189.815. The VAT number is the same number with BE in front: BE 0876.189.815.
- Where is ViZo Immo based?
- The registered office is at Rue Foïetay 25, 4631 Soumagne.Company details
- What does ViZo Immo do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of ViZo Immo?
- ViZo Immo is a public limited company (NV).
- When was ViZo Immo founded?
- ViZo Immo was founded on 22-09-2005.
- Is ViZo Immo still active?
- Yes, ViZo Immo is an active enterprise in the KBO register.
- What is the turnover of ViZo Immo?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €107,415 and 32 comparable companies (NACE 68310). It probably lies between €150,000 and €290,000.Financials
- Is ViZo Immo profitable?
- In financial year 2025, ViZo Immo made a loss of €16,630.
- Where can I find the annual accounts of ViZo Immo?
- ViZo Immo filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ViZo Immo due?
- ViZo Immo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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