VIRTULAN
Open bankruptcyA bankruptcy procedure is open for VIRTULAN according to publications in the Belgian State Gazette; curator: LISE VERMEERSCH.
Summary
The file additionally contains 1 interim measure. The 2024 annual accounts show equity of €11k and a net result of €5k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 31-01-2025, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
6 d early
2022
4 d early
2021
224 d late
2020
28 d late
2019
394 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€11k▲ 85.4%
2023 · €6k
2019: €-26k
2020: €-12k
2021: €-19k
2022: €-13k
2023: €6k
2019 → 2024
Total assets
€79k▲ 35.3%
2023 · €59k
2019: €10k
2020: €9k
2021: €22k
2022: €51k
2023: €59k
2019 → 2024
Net result
€5k▼ 71.8%
2023 · €19k
2019: €-32k
2020: €13k
2021: €-7k
2022: €6k
2023: €19k
2019 → 2024
Working capital
€35k▲ 19.7%
2023 · €29k
2019: €-28k
2020: €-14k
2021: €-28k
2022: €-1k
2023: €29k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-12k-€-19k▼ 54.5%€-13k▲ 33.5%€6k€11k▲ 85.4%
Operating result€13k-€-4k€6k€20k▲ 222%€11k▼ 44.5%
Net result€13k-€-7k€6k€19k▲ 196%€5k▼ 71.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 44% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79k
Fixed assets
€3k ▼ 36.4%
Current assets
€76k ▲ 41.7%
Equity and liabilities €79k
Equity
€11k ▲ 85.4%
Debt
€68k ▲ 29.4%
Debt's share of the balance-sheet total falls from 89.4% to 85.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2023 · €22k
Cash flow
€7k▼
2023 · €21k
Current ratio
1.85▼
2023 · 2.19
Debt to equity
5.91▼
2023 · 8.47
ROE
46.1%▼
2023 · 302.7%
ROA
6.7%▼
2023 · 32.0%
Interest coverage
6.40▼
2023 · 9.81
Debt ≤ 1 year
€41k▲
2023 · €25k
Income taxes
€6k▲
2023 · €918
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 · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€59k€79k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€5k€3k▼
Current assets29/58€54k€76k▲
Amounts receivable within one year40/41€49k€72k▲
Trade receivables40€14k€22k▲
Other amounts receivable41€35k€50k▲
Cash at bank and in hand54/58€3k€2k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€59k€79k▲
Equity10/15€6k€11k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€1€5k▲
Amounts payable17/49€53k€68k▲
Amounts payable within one year42/48€25k€41k▲
Trade debts44€15k€21k▲
Suppliers440/4€15k€21k▲
Taxes, remuneration and social security45€9k€20k▲
Taxes450/3€9k€20k▲
Accrued charges and deferred income492/3€28k€27k▼
Income statement
Code20232024
Non-recurring operating income76A€8k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€25k€19k▼
Operating profit (loss)9901€20k€11k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€20k€12k▼
Income taxes67/77€918€6k▲
Profit (loss) for the period9904€19k€5k▼
Profit (loss) for the period to be appropriated9905€19k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1€5k▲
Profit (loss) brought forward from the previous period14P€-19k€1▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · VIRTULAN BV LOUIS LEYN- STRAAT 54, 8800 ROESELARE · event 16-07-2026
24-06
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €19k ▲196%
Operating result €20k, net result €19k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 2.19
Current ratio from 0.97 to 2.19; short-term debt falls from €44k to €25k.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 224 days late
30-06
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2021
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 394 days late
2020
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Roeselare · 1 establishment unit since 2018
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.
Louis Leynstraat 548800 RoeselareGround area
541 m²
Building footprint
185 m²
Volume, LiDAR
550 m³
Parcel 36302B0277/00D000, Flanders · tallest building 4.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VIRTULAN
since 20182.280.956.978
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0277/00D000 | Flanders | 541 m² | 1 · 185 m² | 4.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LISE VERMEERSCH KACHTEMSESTRAAT 334,
8800 ROESELARE |
16-07-2026 → present |
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 268 EUR awarded · 268 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 268 EUR | 268 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.280.956.978
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Of 6,728 companies in sector 93299 we hold annual accounts for 1,168. 698 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-09-2018
Fiscal year end30-06
Activities, NACEBEL 2025
93299Other amusement and recreation activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.