VISMA AS
VISMA AS (Norway) and the 20 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 19 of the 19 Belgian companies (financial years 2024-2026). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- 3 companies with negative equity: Let's App (-€2.8m), VECTERA (-€279,305), ARINTO (-€210,268).
- 2 companies with overdue accounts: CHANGERS, DW Innovation.
- 6 companies with a loss in the latest year: Visma Belgium Holding (-€37.0m), Let's App (-€2.3m), DW Innovation (-€219,036), SynUp (-€174,125), CXM Holding (-€117,622), VECTERA (-€17,195).
- 3 companies no longer active in the register: CHANGERS, KMO TOOLBOX, VECTERA.
- 76.9% of the added-up total assets sits in one company: Visma Belgium Holding.
- 0.5% of the added-up total assets sits at companies with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- VISMA AS1 subsidiary
- Visma Belgium Holding12 subsidiariesNo verdict€749.3m €307.4m 2025
- Healthy · 84€1.6m €538,276 2025
- Healthy · 98€8.1m €3.5m 2025
- Healthy · 97€3.3m €2.7m 2025
- Healthy · 98€1.9m €800,497 2025
- CXM Holding2 subsidiariesNo verdict€51.3m €44.7m 2025
- Healthy · 96€19.6m €7.7m 2025
- Dicom Expense AB
- DW Innovation2 subsidiariesElevated · 35€3.8m €2.4m 2024
- Elevated€192,166 €161,730 2024
- Elevated€1.2m €286,863 2025
- Fair · 49€1.5m -€2.8m 2025
- Healthy · 97€67.1m €40.7m 2025
- Teamleader1 subsidiaryHealthy · 96€31.2m €12.9m 2025
- Elevated€0 -€279,305 2026
- Healthy · 99€2.4m €2.2m 2025
- Healthy · 98€8.6m €5.2m 2025
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Shared directors
Who sits on the boards of several group companies. This is where control over the group sits in practice.
- 3
- 2
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
-
Registered office moved within Gent
-
Registered office moved from Gent to Sint-Martens-Latem
-
1 director appointed, 1 director resigning
-
Share cancellation
-
CONTROL F resigns as sole director
-
Share cancellation
-
Dissolution of the company
-
Dissolution of the company
-
CONTROL F resigns as sole director
-
Dissolution of the company
-
1 director appointed, 1 director resigning
-
1 director appointed, 1 director resigning
-
Dissolution with immediate closure of the liquidation
-
Discharge granted to the board
-
Capital increase of €129,579.36
-
1 director appointed, 1 director resigning
-
1 director appointed, 4 directors resigning
-
1 director appointed, 2 directors resigning
-
Registered office moved from Bornem to Antwerpen
-
1 director appointed, 1 director resigning
-
1 director appointed, 1 director resigning
-
1 director appointed, 1 director resigning
What is my exposure to this group?
The companies of this group you keep in your lists or follow, seen together.
Sign in to see which customers or suppliers from your lists belong to this group, and how they stand.
Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 27-10-2026