Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VIRUNGA from Brussel, company number BE0537579641, closed financial year 2025 with a result of € -307,264 after tax. Compared with financial year 2024, the result moved from € -241,315 to € -307,264. 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 August 11, 2026.
€ -1.3 million
▼ € 307,264 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -307,264
▼ 27 % more loss than in 2024
Profit after tax over the fiscal year.
€ 28,212
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
Debts at end 2025
€ 1.9 million
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 11,169
▲ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -17,689 | € -25,954 | € -25,354 | - | |
| Profit after taxes | € -477,892 | € 55,279 | € -241,315 | € -307,264 | ▼ € 65,949 |
| Equity | € -780,512 | € -725,234 | € -966,549 | € -1,273,813 | ▼ € 307,264 |
| Total debts | € 4,041,051 | € 3,975,262 | € 4,270,255 | € 5,596,933 | ▲ 31% |
| Cash | € 55,461 | € 28,833 | € 26,638 | € 28,212 | ▲ 6% |
| Land & buildings | € 336,674 | € 330,503 | € 324,333 | € 318,162 | ▼ 2% |
| Retained profit | € -1,039,062 | € -983,784 | € -1,225,099 | € -1,532,363 | ▼ € 307,264 |
| Bank debt | € 1,769,310 | € 1,773,509 | € 1,817,563 | € 1,864,789 | ▲ 3% |
| Balance sheet total | € 3,260,539 | € 3,250,028 | € 3,303,707 | € 4,323,119 | ▲ 31% |
Key figures of VIRUNGA, 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 VIRUNGA?
What happened at VIRUNGA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 307,264. filed late Source: NBB ↗
- VIRUNGA FOUNDATION became a director. NBB
- François Xavier DE DONNEA became a director. NBB
- Maarten Johannes SCHIMMEL became a director. NBB
- Ephrem Lubala BALOLE-BWAMI became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 477,892 loss in 2022 to € 307,264 loss in 2025.
Best year ever: 2023, with € 55,279 profit.
Pays suppliers within 38 days on average.
A new publication or filing at VIRUNGA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VIRUNGA are VIRUNGA FOUNDATION, François Xavier DE DONNEA, Maarten Johannes SCHIMMEL and Ephrem Lubala BALOLE-BWAMI. The shares are held by Virunga Foundation (100%). It owns 100% of Virunga Development SARL, 100% of Virunga Energies SAU, 100% of Société industrielle et commerciale des Virunga SARL, 40% of Virunga Origins SRL, 20.7% of Virunga Enzymes SARL and 20% of Virunga Chocolat SARL itself.
Directors
According to the 2025 annual accounts
VIRUNGA FOUNDATION
Director · represented by Emmanuel DE MERODE
since 2020
François Xavier DE DONNEA
Director
since 2020
Maarten Johannes SCHIMMEL
Director
since 2020
Ephrem Lubala BALOLE-BWAMI
Director
since 2020
Shareholders
Virunga Foundation
100%
Participations
Virunga Development SARL
100%
Virunga Energies SAU
100%
Société industrielle et commerciale des Virunga SARL
100%
Virunga Enzymes SARL
20.7%
Virunga Chocolat SARL
20%
Grameen Virunga SA
17%
Establishments
Establishment units
Physical locations of this company
Louizalaan 65
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0537.579.641
- VAT number
- BE 0537.579.641
- Registered office
- Louizalaan 65, 1050 Brussel
- Names & denominations
- VIRUNGA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 August 2013
- Peppol
- Active · Active since 3 Feb 2026
- Activities · NACE
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