ACTIVE

Virtual Words

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Financial year 2024 · closed on 31/12/2024

Net result

31,9 k €

-49.1% YoY

Gross margin

48,5 k €

-46.9% YoY

Equity

252,1 k €

+10.5% YoY

What does Virtual Words do?

Virtual Words is a Private limited company incorporated in 1991. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Etterbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.649.375

Incorporation

07/11/1991

Legal form

Private limited company

Registered office

Rue des Pères Blancs 4
1040 Etterbeek · BruxellesSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Activities (NACE)

74601Other professional, scientific and technical activities· main 80010Security and investigation activities 80100Private security activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	48,5 k €	-46.9%	91,4 k €	-13.0%	105,1 k €	+161%	40,3 k €	-33.2%	60,4 k €	+218%	19 k €	-45.0%	34,6 k €	+209%	11,2 k €	-92.0%	140,4 k €	+29.2%	108,7 k €	+154%	42,8 k €	-66.3%	127 k €	-27.0%	173,9 k €	+40.9%	123,4 k €	-10.6%	138 k €	-7.8%	149,7 k €	-17.5%	181,5 k €	-17.0%	218,7 k €	+41.8%	154,2 k €
EBITDA	48,1 k €	-47.1%	91,1 k €	-13.0%	104,6 k €	+162%	40 k €	-32.7%	59,3 k €	+281%	15,6 k €	-48.1%	30 k €	+287%	7,8 k €	-94.3%	135,8 k €	+148%	54,8 k €	+267%	-32,8 k €	-254%	21,3 k €	-71.7%	75,4 k €	+271%	20,3 k €	+127%	-75,6 k €	-166%	-28,4 k €	-27.3%	-22,3 k €	-205%	21,4 k €	-44.4%	38,5 k €
Operating result	45,1 k €	-48.5%	87,5 k €	-13.8%	101,5 k €	+163%	38,6 k €	-35.2%	59,6 k €	+302%	14,8 k €	-50.6%	30 k €	+292%	7,7 k €	-94.0%	126,7 k €	+260%	35,2 k €	+162%	-56,3 k €	-2437%	-2,2 k €	-104%	51,3 k €	+1341%	-4,1 k €	+95.9%	-100,7 k €	-90.1%	-53 k €	-39.9%	-37,9 k €	-502%	9,4 k €	-74.3%	36,6 k €
Net result	31,9 k €	-49.1%	62,6 k €	-12.8%	71,8 k €	+181%	25,6 k €	-38.0%	41,3 k €	+364%	8,9 k €	-58.5%	21,5 k €	+499%	3,6 k €	-96.9%	117,3 k €	+309%	28,7 k €	+145%	-63,1 k €	-14609%	-428,9 €	-101%	54,6 k €	+3694%	1,4 k €	+102%	-74,3 k €	-22.2%	-60,8 k €	-58.7%	-38,3 k €	-1310%	-2,7 k €	-112%	22,3 k €
Balance sheet
Equity	252,1 k €	+10.5%	228,2 k €	+37.8%	165,6 k €	+76.6%	93,7 k €	+37.6%	68,1 k €	+154%	26,9 k €	+31.3%	20,5 k €	+101%	10,2 k €	+54.3%	6,6 k €	+106%	-110,7 k €	+20.6%	-139,4 k €	-82.6%	-76,3 k €	-0.6%	-75,9 k €	+41.8%	-130,5 k €	+1.7%	-132,8 k €	-127%	-58,5 k €	-2554%	2,4 k €	-94.1%	40,7 k €	-6.3%	43,4 k €
Total assets	318,2 k €	+0.6%	316,2 k €	+5.5%	299,7 k €	+23.5%	242,8 k €	+44.7%	167,8 k €	+18.3%	141,8 k €	+8.3%	131 k €	+15.6%	113,4 k €	-14.6%	132,7 k €	+20.7%	109,9 k €	+36.1%	80,7 k €	-30.6%	116,3 k €	-38.1%	187,7 k €	+4.9%	178,9 k €	+1.7%	176 k €	-30.2%	252 k €	-10.1%	280,4 k €	+4.3%	269 k €	+45.8%	184,4 k €
Cash	229,1 k €	+11.5%	205,5 k €	+33.3%	154,2 k €	+51.5%	101,8 k €	+28.6%	79,2 k €	+210%	25,6 k €	+6.6%	24 k €	+46.7%	16,3 k €	+111%	7,7 k €	+13198%	58,2 €	+7.9%	53,9 €	-83.1%	318,7 €	+6.6%	298,9 €	+286%	77,5 €		–		–		–		47,7 k €	+34.9%	35,4 k €
Debts	66,1 k €	-24.9%	88 k €	-34.4%	134,2 k €	-10.0%	149 k €	+49.6%	99,6 k €	-13.3%	115 k €	+4.0%	110,5 k €	+7.1%	103,2 k €	-18.2%	126,1 k €	-42.8%	220,6 k €	+0.2%	220,1 k €	+14.3%	192,6 k €	-26.9%	263,6 k €	-14.8%	309,4 k €	+0.9%	306,8 k €	-1.2%	310,4 k €	+11.7%	278 k €	+21.8%	228,3 k €	+61.9%	141 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,0 ETP	-28.6%	1,4 ETP	-30.0%	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	-43.2%	4,4 ETP	-4.3%	4,6 ETP	-2.1%	4,7 ETP	-2.1%	4,8 ETP	+140%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 9 ended

Active mandates

Hugues Steinier

Mandate

Active

Valérie Steinier

Mandate

Active

Ended mandates

Hughes Steinier

Director · since 10 septembre 2010

Ended

Hughes Steinier

Manager · since 10 septembre 2010

Ended

Valérie STEINIER

Manager · since 01 avril 1999

Ended

Léonard PIERRE

Manager · since 16 novembre 1998

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2025	29/08/2024	29/08/2023	23/08/2022	06/08/2021	16/10/2020
General meeting	12/05/2025	13/05/2024	08/05/2023	13/05/2022	11/05/2021	11/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	12/05/2025	31/08/2025	French	PDF
Micro model	31/12/2023	13/05/2024	29/08/2024	French	PDF
Micro model	31/12/2022	08/05/2023	29/08/2023	French	PDF
Micro model	31/12/2021	13/05/2022	23/08/2022	French	PDF
Micro model	31/12/2020	11/05/2021	06/08/2021	French	PDF
Micro model	31/12/2019	11/05/2020	16/10/2020	French	PDF
Micro model	31/12/2018	06/05/2019	21/08/2019	French	PDF
Micro model	31/12/2017	07/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	02/05/2017	23/08/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	27/09/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	09/05/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	10/05/2010	07/06/2010	French	PDF
Abridged modelCorrection	31/12/2008	11/05/2009	22/10/2009	French	PDF
Abridged model	31/12/2008	11/05/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	12/05/2008	13/08/2008	French	PDF
Abridged model	31/12/2006	16/04/2007	10/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 9 ended

Active mandates

Hugues Steinier

Mandate

Active

Valérie Steinier

Mandate

Active

Ended mandates

Hughes Steinier

Director · since 10 septembre 2010

Ended

Hughes Steinier

Manager · since 10 septembre 2010

Ended

Valérie STEINIER

Manager · since 01 avril 1999

Ended

Léonard PIERRE

Manager · since 16 novembre 1998

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 202431,9 k €↓
2023
Annual accounts 202362,6 k €↓
2022
Annual accounts 202271,8 k €↑
2021
Annual accounts 202125,6 k €↓
2020
Annual accounts 202041,3 k €↑
2019
Annual accounts 20198,9 k €↓
2018
Annual accounts 201821,5 k €↑
2017
Annual accounts 20173,6 k €↓
2016
Annual accounts 2016117,3 k €↑
2015
Annual accounts 201528,7 k €↑
2014
Annual accounts 2014-63,1 k €↓
2013
Annual accounts 2013-428,9 €↓
2012
Annual accounts 201254,6 k €↑
2011
Annual accounts 20111,4 k €↑
2010
Annual accounts 2010-74,3 k €↓
2009
Annual accounts 2009-60,8 k €↓
2008
Annual accounts 2008-38,3 k €↓
2007
Annual accounts 2007-2,7 k €↓
2006
Annual accounts 200622,3 k €
07/11/1991
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Virtual Words

Overview

What does Virtual Words do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline