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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Virtus Max from Kuurne, company number BE0434915633, closed financial year 2025 with a result of € -29,755 after tax. For that financial year Virtus Max recorded a gross margin of € -1,639 and equity of € -126,418. Compared with financial year 2024, the result moved from € -44,919 to € -29,755. 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 July 31, 2026.
€ -126,418
▼ € 29,755 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -29,755
▲ 34 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,628
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -145,010.
People and assets in 2025
€ 12,922
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7,268
▼ 49% vs 2024
Loans from banks and other lenders, long and short.
€ 12,923
▲ 183% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,225
▲ 65% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 92,986 | € 38,118 | € -13,743 | € -1,639 | ▲ € 12,104 |
| Profit after taxes | € 27,939 | € -4,795 | € -44,919 | € -29,755 | ▲ € 15,164 |
| Equity | € -46,949 | € -51,744 | € -96,663 | € -126,418 | ▼ € 29,755 |
| Total debts | € 503,211 | € 535,530 | € 316,149 | € 350,366 | ▲ 11% |
| Cash | € 16,463 | € 411 | € 5,906 | € 1,628 | ▼ 72% |
| Land & buildings | € 255,000 | € 238,000 | € 110,500 | € 131,760 | ▲ 19% |
| Retained profit | € -65,541 | € -70,336 | € -115,255 | € -145,010 | ▼ € 29,755 |
| Bank debt | € 262,957 | € 254,950 | € 14,266 | € 7,268 | ▼ 49% |
| Balance sheet total | € 456,262 | € 483,787 | € 219,486 | € 223,948 | ▲ 2% |
Key figures of Virtus Max, fiscal years 2022 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 Virtus Max?
What happened at Virtus Max in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 29,755. Source: NBB ↗
- Evelyne Vandekerckhove became a director. NBB
- Thomas Dhondt became a director. NBB
- New establishment in Kuurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,939 profit in 2022 to € 29,755 loss in 2025.
Paid € 1,886 in corporate taxes since 2022.
Best year ever: 2022, with € 27,939 profit.
Management
Behind Virtus Max are Evelyne Vandekerckhove and Thomas Dhondt.
Directors
According to the 2025 annual accounts
Evelyne Vandekerckhove
Director
since 2021
Thomas Dhondt
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Hoevedreef 6
8520 Kuurne
Boomgaardstraat 103
8520 Kuurne
Active since 23 August 1988
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.915.633
- VAT number
- BE 0434.915.633
- Registered office
- Hoevedreef 6, 8520 Kuurne
- Names & denominations
- Virtus Max
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 1988
- Peppol
- Not registered
- Contact
- [email protected]
- Activities · NACE
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