VIZZION ARCHITECTS

Bankruptcy

Public limited companyfounded 1990Lloyd Georgelaan 7, 1000 Brussel, BelgiumKBO/BCE: BE 0439.723.467

The KBO register records for VIZZION ARCHITECTS the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2017 annual accounts show equity of €9.99M and a net result of €226k.

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Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Filed after the deadline

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 18-10-2018, 79 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation 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 →

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

Financials · fiscal year 2017, full schema

Turnover

€1.69M▼ 28.5%

2014 · €2.36M

2013: €7.21M 2014: €2.36M

2013 → 2015

EBIT margin

-43.8%▼ 51.7pp

2014 · 8.0%

2013: 56.3% 2014: 8.0%

2013 → 2015

Net result

€226k▼ 69.6%

2016 · €743k

2013: €3.54M 2014: €-133k 2015: €-458k 2016: €743k

2013 → 2017

Working capital

€5.73M▼ 30.9%

2016 · €8.30M

2013: €9.64M 2014: €10.40M 2015: €10.45M 2016: €8.30M

2013 → 2017

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20132014201520162017Trend

Turnover€7.21M-€2.36M▼ 67.2%€1.69M▼ 28.5%

Equity€-6.98M-€9.47M€9.02M▼ 4.8%€9.76M▲ 8.2%€9.99M▲ 2.3%

Operating result€4.06M-€189k▼ 95.4%€-739k€702k€32k▼ 95.5%

Net result€3.54M-€-133k€-458k▼ 244%€743k€226k▼ 69.6%

Result per fiscal year

Operating resultNet result

The operating result falls in 2017; 2017 is 96% below 2016.

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €11.93M

38.4%

61.6%

Fixed assets €4.58M▲ 42.3%

Current assets €7.35M▼ 19.5%

Equity and liabilities €11.93M

83.7%

13.6%

Equity €9.99M▲ 2.3%

Provisions €317k=

Debt €1.62M▼ 28.3%

The debt ratio falls from 18.4% to 13.6%. Equity is higher and debt is lower.

Key figures and ratios

2017 value · change against 2016

EBITDA

€113k▼

2016 · €748k

Cash flow

€307k▼

2016 · €789k

Solvency

83.7%▲

2016 · 79.1%

Current ratio

4.54▼

2016 · 10.99

Quick ratio

4.54▼

2016 · 10.99

ROE

2.3%▼

2016 · 7.6%

ROA

1.9%▼

2016 · 6.0%

Debt

€1.62M▼

2016 · €2.27M

Debt ≤ 1 year

€1.62M▲

2016 · €830k

Income taxes

€174▲

2016 · €42

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 · 2017 against 2016

Balance sheet Code20162017

Assets

Total assets20/58€12.34M€11.93M▼

Fixed assets21/28€3.22M€4.58M▲

Tangible fixed assets22/27€286k€520k▲

Financial fixed assets28€2.93M€4.06M▲

Current assets29/58€9.13M€7.35M▼

Amounts receivable within one year40/41€4.54M€6.14M▲

Cash at bank and in hand54/58€397k€40k▼

Equity and liabilities

Total equity and liabilities10/49€12.34M€11.93M▼

Equity10/15€9.76M€9.99M▲

Contributions10/11€62k€62k=

Reserves13€18.28M€18.28M=

Profit (loss) carried forward14€-8.58M€-8.36M▲

Provisions and deferred taxes16€317k€317k=

Amounts payable17/49€2.27M€1.62M▼

Amounts payable within one year42/48€830k€1.62M▲

Trade debts44€804k€1.29M▲

Income statement Code20162017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€81k▲

Gross operating margin9900€955k€567k▼

Operating profit (loss)9901€702k€32k▼

Recurring financial income75€53k€238k▲

Recurring financial charges65€11k€47k▲

Profit (loss) for the period before taxes9903€743k€226k▼

Income taxes67/77€42€174▲

Profit (loss) for the period9904€743k€226k▼

Profit (loss) for the period to be appropriated9905€743k€226k▼

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2018

18-10

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 79 days late

2017

30-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 61 days late

2016

31-12

Financial Back to profitnet €743k

Net result €743k after 2 loss-making years.

26-10

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 87 days late

2015

31-12

Financial Weakest financial yearnet €-458k

Net result drops to €-458k, the lowest in the series.

31-12

Financial Liquidity times 7current ratio 24.63

Current ratio from 3.72 to 24.63; short-term debt falls from €3.82M to €442k.

28-09

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 59 days late

2014

31-12

Financial Equity above €5MEq €9.47M

Equity rises from €-6.98M to €9.47M.

29-09

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 60 days late

2013

30-09

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 61 days late

2012

28-09

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 59 days late

2011

30-09

NBB filing Annual accounts filed

fiscal year 2010 · full schema · 61 days late

2010

31-08

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 31 days late

2009

31-08

NBB filing Annual accounts filed

fiscal year 2008 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 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, Brussel

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.

Lloyd Georgelaan 71000 Brussel

Ground area

4,635 m²

Building footprint

2,770 m²

Volume, LiDAR

50,725 m³

Parcel 21822R0229/00M003, Brussels · tallest building 30.9 m, ±8 floors. Linked by address, not a title deed.