Visual FX
ActiveSummary
Visual FX has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €5k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+21
Solvency79▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.17 in 2024; short-term debt: 8.7% and cash: 10.4% of total assets), and 46.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.6%
Return on assets
1.2%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-11-2025, 9 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
9 d late
2024
2 d early
2023
1 d early
2022
32 d early
2021
2 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€224k▲ 2.2%
2024 · €219k
2019: €114klowest in 7 years
2020: €138k▲ +20.9% vs 2019
2021: €140k▲ +1.6% vs 2020
2022: €198k▲ +41.4% vs 2021
2023: €235k▲ +18.5% vs 2022highest in 7 years
2024: €219k▼ -6.5% vs 2023
2025: €224k▲ +2.2% vs 2024
2019 → 2025
Total assets
€418k▼ 8.9%
2024 · €459k
2019: €204klowest in 7 years
2020: €219k▲ +7.3% vs 2019
2021: €206k▼ -6.1% vs 2020
2022: €244k▲ +18.7% vs 2021
2023: €491k▲ +101% vs 2022highest in 7 years
2024: €459k▼ -6.5% vs 2023
2025: €418k▼ -8.9% vs 2024
2019 → 2025
Net result
€5k
2024 · €-15k
2019: €42k
2020: €24k▼ -43.4% vs 2019
2021: €2k▼ -90.9% vs 2020
2022: €58k▲ +2583% vs 2021highest in 7 years
2023: €37k▼ -36.7% vs 2022
2024: €-15k▼ -142% vs 2023lowest in 7 years
2025: €5k▲ +132% vs 2024
2019 → 2025
Working capital
€67k▼ 3.7%
2024 · €69k
2019: €65k
2020: €96k▲ +47.7% vs 2019
2021: €52k▼ -45.7% vs 2020lowest in 7 years
2022: €116k▲ +122% vs 2021highest in 7 years
2023: €102k▼ -12.1% vs 2022
2024: €69k▼ -32.1% vs 2023
2025: €67k▼ -3.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€140k-€198k▲ 41.4%€235k▲ 18.5%€219k▼ 6.5%€224k▲ 2.2%
2021: €140klowest in 5 years
2022: €198k▲ +41.4% vs 2021
2023: €235k▲ +18.5% vs 2022highest in 5 years
2024: €219k▼ -6.5% vs 2023
2025: €224k▲ +2.2% vs 2024
Operating result€4k-€74k▲ 1,680%€46k▼ 38.4%€-7k€14k
2021: €4k
2022: €74k▲ +1680% vs 2021highest in 5 years
2023: €46k▼ -38.4% vs 2022
2024: €-7k▼ -115% vs 2023lowest in 5 years
2025: €14k▲ +314% vs 2024
Net result€2k-€58k▲ 2,583%€37k▼ 36.7%€-15k€5k
2021: €2k
2022: €58k▲ +2583% vs 2021highest in 5 years
2023: €37k▼ -36.7% vs 2022
2024: €-15k▼ -142% vs 2023lowest in 5 years
2025: €5k▲ +132% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €418k
Fixed assets
€316k ▼ 4.6%
Current assets
€103k ▼ 19.9%
Equity and liabilities €418k
Equity
€224k ▲ 2.2%
Debt
€194k ▼ 19.1%
Debt's share of the balance-sheet total falls from 52.2% to 46.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▲
2024 · €17k
Cash flow
€25k▲
2024 · €9k
Current ratio
2.83▲
2024 · 2.17
Quick ratio
2.35▲
2024 · 2.07
Debt to equity
0.87▼
2024 · 1.09
ROE
2.2%▲
2024 · -7.0%
ROA
1.2%▲
2024 · -3.3%
Interest coverage
3.87▲
2024 · 2.01
Debt ≤ 1 year
€36k▼
2024 · €59k
Debt > 1 year
€158k▼
2024 · €181k
Income taxes
€491
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€459k€418k▼
Fixed assets21/28€331k€316k▼
Tangible fixed assets22/27€331k€316k▼
Land and buildings22€45k€41k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€8k€8k▼
Other tangible fixed assets26€274k€264k▼
Current assets29/58€128k€103k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€6k€18k▲
Stocks30/36€6k€18k▲
Amounts receivable within one year40/41€52k€41k▼
Trade receivables40€39k€25k▼
Other amounts receivable41€13k€16k▲
Cash at bank and in hand54/58€67k€44k▼
Deferred charges and accrued income490/1€4k€447▼
Equity and liabilities
Total equity and liabilities10/49€459k€418k▼
Equity10/15€219k€224k▲
Contributions10/11€19k€19k=
Reserves13€201k€206k▲
Distributable reserves133€201k€206k▲
Amounts payable17/49€240k€194k▼
Amounts payable after more than one year17€181k€158k▼
Financial debts170/4€181k€158k▼
Amounts payable within one year42/48€59k€36k▼
Current portion of amounts payable after more than one year42€25k€23k▼
Trade debts44€23k€2k▼
Suppliers440/4€23k€2k▼
Taxes, remuneration and social security45€457€947▲
Taxes450/3€457€947▲
Other amounts payable47/48€11k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€20k▼
Other operating charges640/8€963€2k▲
Gross operating margin9900€18k€36k▲
Operating profit (loss)9901€-7k€14k▲
Financial income75/76B€2€26▲
Recurring financial income75€2€26▲
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€-15k€5k▲
Income taxes67/77-€491
Profit (loss) for the period9904€-15k€5k▲
Transfer from tax-exempt reserves789€15k-
Profit (loss) for the period to be appropriated9905€0€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€0€5k▲
Transfer from equity791/2-€0
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €21k | €22k | €24k | €20k | ▼ 16.5% |
| Other operating charges640/8 | - | €946 | €779 | €963 | €2k | ▲ 85.6% |
| Gross operating margin9900 | €26k | €96k | €68k | €18k | €36k | ▲ 97.1% |
| Operating profit (loss)9901 | €4k | €74k | €46k | €-7k | €14k | ▲ 314% |
| Financial income75/76B | - | €3k | €263 | €2 | €26 | ▲ 1,170% |
| Recurring financial income75 | €19 | €3k | €263 | €2 | €26 | ▲ 1,170% |
| Financial charges65/66B | - | €1k | €5k | €9k | €9k | ▲ 2.8% |
| Recurring financial charges65 | €2k | €1k | €5k | €9k | €9k | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €2k | €75k | €41k | €-15k | €5k | ▲ 135% |
| Income taxes67/77 | €216 | €17k | €4k | - | €491 | - |
| Profit (loss) for the period9904 | €2k | €58k | €37k | €-15k | €5k | ▲ 132% |
| Transfer from tax-exempt reserves789 | - | - | - | €15k | - | - |
| Profit (loss) for the period to be appropriated9905 | €2k | €58k | €37k | €0 | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €206k | €244k | €491k | €459k | €418k | ▼ 8.9% |
| Fixed assets21/28 | €111k | €95k | €339k | €331k | €316k | ▼ 4.6% |
| Tangible fixed assets22/27 | €111k | €95k | €339k | €331k | €316k | ▼ 4.6% |
| Land and buildings22 | - | €85k | €52k | €45k | €41k | ▼ 7.4% |
| Plant, machinery and equipment23 | - | €3k | €5k | €4k | €3k | ▼ 27.7% |
| Furniture and vehicles24 | - | €8k | €13k | €8k | €8k | ▼ 6.0% |
| Other tangible fixed assets26 | - | - | €268k | €274k | €264k | ▼ 3.8% |
| Current assets29/58 | €95k | €148k | €153k | €128k | €103k | ▼ 19.9% |
| Amounts receivable after more than one year29 | - | €10k | €10k | €0 | - | - |
| Other amounts receivable291 | - | €10k | €10k | €0 | - | - |
| Stocks and contracts in progress3 | €1k | €1k | €1k | €6k | €18k | ▲ 211% |
| Stocks30/36 | - | €1k | €1k | €6k | €18k | ▲ 211% |
| Amounts receivable within one year40/41 | €54k | €62k | €36k | €52k | €41k | ▼ 20.8% |
| Trade receivables40 | - | €59k | €24k | €39k | €25k | ▼ 36.6% |
| Other amounts receivable41 | - | €3k | €12k | €13k | €16k | ▲ 26.5% |
| Cash at bank and in hand54/58 | €12k | €72k | €102k | €67k | €44k | ▼ 34.5% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €4k | €447 | ▼ 89.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €206k | €244k | €491k | €459k | €418k | ▼ 8.9% |
| Equity10/15 | €140k | €198k | €235k | €219k | €224k | ▲ 2.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €121k | €179k | €216k | €201k | €206k | ▲ 2.4% |
| Distributable reserves133 | - | €179k | €216k | €201k | €206k | ▲ 2.4% |
| Amounts payable17/49 | €66k | €46k | €256k | €240k | €194k | ▼ 19.1% |
| Amounts payable after more than one year17 | €23k | €13k | €206k | €181k | €158k | ▼ 12.7% |
| Financial debts170/4 | - | €13k | €206k | €181k | €158k | ▼ 12.7% |
| Amounts payable within one year42/48 | €43k | €33k | €51k | €59k | €36k | ▼ 38.7% |
| Current portion of amounts payable after more than one year42 | - | €10k | €24k | €25k | €23k | ▼ 8.0% |
| Financial debts43 | - | €15k | €417 | - | - | - |
| Credit institutions430/8 | - | €15k | €417 | - | - | - |
| Trade debts44 | €5k | €5k | €24k | €23k | €2k | ▼ 90.4% |
| Suppliers440/4 | - | €5k | €24k | €23k | €2k | ▼ 90.4% |
| Taxes, remuneration and social security45 | - | €2k | €2k | €457 | €947 | ▲ 108% |
| Taxes450/3 | - | €372 | €404 | €457 | €947 | ▲ 108% |
| Remuneration and social security454/9 | - | €2k | €2k | - | - | - |
| Other amounts payable47/48 | - | €0 | - | €11k | €10k | ▼ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €58k | €37k | €-15k | €5k | ▲ 132% |
| + Depreciation and write-downs630 | €20k | €21k | €22k | €24k | €20k | ▼ 16.5% |
| Operating cash flow (approximation) | €22k | €79k | €58k | €9k | €25k | ▲ 186% |
| Investment in fixed assets (approximation) | - | €-6k | €-265k | €-16k | €-5k | ▲ 71.6% |
| Change in cash | - | €60k | €30k | €-35k | €-23k | ▲ 34.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
09-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
31-03
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €200kEq €235k ▲18.5%
5 profitable years in a row build equity to €235k.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €58k ▲2,583%
Operating result €74k, net result €58k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 4.54
Current ratio from 2.22 to 4.54; short-term debt falls from €43k to €33k.
31-03
Financial
Equity above €150kEq €198k ▲41.4%
4 profitable years in a row build equity to €198k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2012
Ground area
109 m²
Building footprint
224 m²
Volume, LiDAR
1,367 m³
Parcel 34026A0139/00Z031, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Visual FX
since 20122.211.503.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0139/00Z031 | Flanders | 109 m² | 1 · 224 m² | 11.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 870 EUR awarded · 870 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 870 EUR | 870 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,732 companies in sector 93299 we hold annual accounts for 1,168. 767 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
Founded31-05-2012
Fiscal year end31-03
Activities, NACEBEL 2025
93299Other amusement and recreation activities
46900Non-specialised wholesale trade
47789Other retail sale of new goods
Contact
Website
www.visualfx.be
E-mail
info@visualfx.be
Scores and ratios are computed by Checked and are not a credit decision.