NORMAL SITUATION

Virtus

Financial year 2024 · closed on 31/12/2024
Net result
6,3 k €
-60.9% YoY
Gross margin
15,7 k €
-11.4% YoY
Equity
130,1 k €
+5.1% YoY

Company — Normal situation.

What does Virtus do?

Virtus is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0546.800.579
Legal form
Public limited company
Contributed capital
62 000,00 €
Latest accounts
31/12/2024
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20242023202220212020201920182017201620152014
Income statement
Gross margin15,7 k €17,7 k €41,4 k €-90 k €104,9 k €-2 k €17,8 k €-1,6 k €89,3 k €-22,9 k €-42,6 k €
EBITDA15,2 k €17,2 k €40,9 k €-100,3 k €104,5 k €-2 k €-4,6 k €-1,8 k €88,8 k €-54,2 k €-88,4 k €
Operating result15,2 k €17,2 k €40,9 k €-100,3 k €104,5 k €-2 k €-4,6 k €-1,8 k €52,9 k €-67,1 k €-100,2 k €
Net result6,3 k €16 k €49,6 k €-103,4 k €103,5 k €-2,6 k €-4,9 k €-2,1 k €52,7 k €-67,3 k €-99,8 k €
Balance sheet
Equity130,1 k €123,8 k €107,8 k €58,2 k €161,6 k €58,1 k €-1,4 k €3,5 k €5,6 k €-47,1 k €20,2 k €
Total assets132,4 k €125,2 k €109,5 k €87,7 k €216,3 k €69,8 k €382,1 €20,5 k €141 k €109,8 k €152,6 k €
Cash43,2 k €35,2 k €21,4 k €853,3 €309,2 €28,2 k €177,7 €311,7 €2,7 k €29,8 k €41,1 k €
Debts2,1 k €1,1 k €1,4 k €28,9 k €54,8 k €11,7 k €1,7 k €17 k €135,4 k €156,9 k €132,4 k €
Other
Workforce0,5 ETP0,8 ETP
Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 14 ended

Active mandates

GROUP A

Director · since 06 décembre 2023 · until 05 décembre 2029 · 0417.514.724

Represented by Michiel Odeurs

Active
RAMATE INVEST

Director · since 06 décembre 2023 · until 05 décembre 2029 · 0887.006.404

Represented by Nicolas Thiel

Active

Ended mandates

C-mile

Director · since 03 avril 2019 · until 19 juin 2024 · 0712.607.530

Represented by Kim Lemmens

Ended
C-mile

Director · since 03 avril 2019 · until 19 juin 2024 · 0712.607.530

Represented by Kim Lemmens

Ended
Lumia

Managing director · since 03 avril 2019 · until 19 juin 2024 · 0712.888.137

Represented by Michiel Odeurs

Ended
Lumia

Managing director · since 03 avril 2019 · until 19 juin 2024 · 0712.888.137

Represented by Michiel Odeurs

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/07/202531/08/202430/08/202317/08/202231/08/202106/10/2020
General meeting18/06/202519/06/202421/06/202315/06/202216/06/202128/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202418/06/202515/07/2025DutchPDF
Abridged model31/12/202319/06/202431/08/2024DutchPDF
Abridged model31/12/202221/06/202330/08/2023DutchPDF
Abridged model31/12/202115/06/202217/08/2022DutchPDF
Abridged model31/12/202016/06/202131/08/2021DutchPDF
Abridged model31/12/201928/08/202006/10/2020DutchPDF
Micro model31/12/201830/08/201930/08/2019DutchPDF
Micro model31/12/201720/06/201823/08/2018FrenchPDF
Micro model31/12/201621/06/201725/09/2017FrenchPDF
Abridged model31/12/201515/06/201623/08/2016FrenchPDF
Abridged model31/12/201417/06/201525/08/2015FrenchPDF
Estimate

Indicative valuation

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 · 14 ended

Active mandates

GROUP A

Director · since 06 décembre 2023 · until 05 décembre 2029 · 0417.514.724

Represented by Michiel Odeurs

Active
RAMATE INVEST

Director · since 06 décembre 2023 · until 05 décembre 2029 · 0887.006.404

Represented by Nicolas Thiel

Active

Ended mandates

C-mile

Director · since 03 avril 2019 · until 19 juin 2024 · 0712.607.530

Represented by Kim Lemmens

Ended
C-mile

Director · since 03 avril 2019 · until 19 juin 2024 · 0712.607.530

Represented by Kim Lemmens

Ended
Lumia

Managing director · since 03 avril 2019 · until 19 juin 2024 · 0712.888.137

Represented by Michiel Odeurs

Ended
Lumia

Managing director · since 03 avril 2019 · until 19 juin 2024 · 0712.888.137

Represented by Michiel Odeurs

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Court decision18/09/2025
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Mandates16/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/05/2019
    DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/05/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Other25/02/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2024
    Annual accounts 20246,3 k €
  2. 2023
    Annual accounts 202316 k €
  3. 2022
    Annual accounts 202249,6 k €
  4. 2021
    Annual accounts 2021-103,4 k €
  5. 2020
    Annual accounts 2020103,5 k €
  6. 2019
    Annual accounts 2019-2,6 k €
  7. 2018
    Annual accounts 2018-4,9 k €
  8. 2017
    Annual accounts 2017-2,1 k €
  9. 2016
    Annual accounts 201652,7 k €
  10. 2015
    Annual accounts 2015-67,3 k €
  11. 2014
    Annual accounts 2014-99,8 k €