Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2025.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VISE SHOPPING CENTER from Visé, company number BE0425337674, closed financial year 2025 with a result of € -177,855 after tax. For that financial year VISE SHOPPING CENTER recorded revenue of € 5 million and equity of € -242,621. Compared with financial year 2023, the result moved from € -25,151 to € -177,855. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ -242,621
▼ € 256,151 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -177,855
▼ 607 % more loss than in 2023
Profit after tax over the fiscal year.
€ 66,802
▼ 28% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -307,621.
People and assets in 2025
18.6
▼ 0.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 601,090
▼ 4% vs 2023
€ 32,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 28,449
▲ 116% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 114,930
▼ 1% vs 2023
€ 98,117 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 861,124
▲ 25% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 54,624
▼ 17% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,167,893 | € 5,204,812 | € 5,234,999 | € 4,990,519 | ▼ 5% |
| Gross margin | € 753,937 | € 658,495 | € 679,610 | € 529,562 | ▼ 22% |
| Profit after taxes | € 9,379 | € -18,891 | € -25,151 | € -177,855 | ▼ € 152,704 |
| Equity | € 57,571 | € 38,680 | € 13,529 | € -242,621 | ▼ € 256,151 |
| Total debts | € 1,138,568 | € 1,342,004 | € 1,299,222 | € 1,486,851 | ▲ 14% |
| Cash | € 106,363 | € 115,480 | € 92,440 | € 66,802 | ▼ 28% |
| Retained profit | € -7,429 | € -26,320 | € -51,471 | € -307,621 | ▼ € 256,151 |
| Bank debt | € 73,381 | € 139,130 | € 116,037 | € 114,930 | ▼ 1% |
| Balance sheet total | € 1,196,139 | € 1,380,684 | € 1,312,751 | € 1,244,230 | ▼ 5% |
| Employees (FTE) | 21.4 | 20.3 | 19 | 18.6 | ▼ 0.4 |
Key figures of VISE SHOPPING CENTER, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VISE SHOPPING CENTER?
What happened at VISE SHOPPING CENTER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- André LEGRAND stepped down as director. NBB
- Christophe THIRY stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 177,855. Source: NBB ↗
- André LEGRAND became a director. NBB
- Christophe THIRY became a director. NBB
- New establishment in Visé. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,379 profit in 2021 to € 177,855 loss in 2025.
Paid € 14,003 in corporate taxes since 2021.
Best year ever: 2021, with € 9,379 profit.
On average € 28,500 of value added per employee in 2025.
Management
The shares are held by ARCADE (99%) and Christophe THIRY (1%).
Directors
According to the 2025 annual accounts
André LEGRAND
Managing director
Also active at: GEKEL, OULIMA, C.T. Management, BARVO, GEMA, SOUVRÉ INVEST, GECO, new z.f.l. +2 more
since 2025 · until 2031
Christophe THIRY
Managing director
Owns 1% directly
Also active at: GEKEL, OULIMA, C.T. Management, BARVO, GEMA, SOUVRÉ INVEST, GECO, new z.f.l. +2 more
since 2025 · until 2031
Shareholders
99%
Christophe THIRY · director
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rempart des Arbalétriers(VIS) 26
4600 Visé
Rempart des Arbalétriers(VIS) 26 2
4600 Visé
Active since 28 February 1984
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.337.674
- VAT number
- BE 0425.337.674
- Registered office
- Rempart des Arbalétriers(VIS) 26, 4600 Visé
- Names & denominations
- VISE SHOPPING CENTER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1983
- Peppol
- Active · Active since 10 Oct 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Superettes (verkoopsoppervlakte tussen 100 m2 en minder dan 400 m2)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)