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 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Vertuoza from Nivelles, company number BE0737828718, closed financial year 2025 with a result of € -4.8 million after tax. For that financial year Vertuoza recorded a gross margin of € 5.1 million and equity of € -3.4 million. Compared with financial year 2024, the result moved from € -4.1 million to € -4.8 million. 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 28, 2026.
€ -3.4 million
▼ € 4.8 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.8 million
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 320,938
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.8 million.
People and assets in 2025
96.4
▲ 25.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.5 million
▲ 51% vs 2024
€ 77,600 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.
€ 66,490
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.9 million
€ 335,548 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1.3 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 997,122
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 3,532,776 | - | - | |
| Gross margin | € 302,665 | € 721,813 | € 2,125,720 | € 5,110,037 | ▲ 140% |
| Profit after taxes | € -2,077,097 | € -3,006,691 | € -4,137,407 | € -4,754,114 | ▼ € 616,707 |
| Equity | € 2,530,459 | € 3,522,926 | € 1,385,098 | € -3,369,016 | ▼ € 4.8 million |
| Total debts | € 2,234,182 | € 3,591,835 | € 5,192,574 | € 9,948,532 | ▲ 92% |
| Cash | € 2,915,769 | € 3,704,234 | € 1,533,263 | € 320,938 | ▼ 79% |
| Retained profit | € -2,630,512 | € -5,637,203 | € 0 | € -4,754,114 | |
| Bank debt | € 12,609 | € 0 | € 0 | € 2,901,754 | |
| Balance sheet total | € 4,764,642 | € 7,194,760 | € 6,657,672 | € 6,579,516 | ▼ 1% |
| Employees (FTE) | 31.4 | 48.1 | 70.6 | 96.4 | ▲ 25.8 |
Key figures of Vertuoza, 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 Vertuoza?
What happened at Vertuoza in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Macinnes stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.8 million. filed late Source: NBB ↗
- Macinnes became a director. NBB
- SIPAREX XANGE VENTURE S. Etr. became a director. NBB
- DOMINIQUE PELLEGRINO became a director. NBB
- ANTONI DI FILIPPO became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.1 million loss in 2022 to € 4.8 million loss in 2025.
Paid € 19,380 in corporate taxes since 2022.
On average € 53,000 of value added per employee in 2025.
A new publication or filing at Vertuoza? We notify you, reason included.
Follow VertuozaDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
The stake of Fortino Capital Venture II comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VertuozaBehind Vertuoza are SIPAREX XANGE VENTURE S. Etr., DOMINIQUE PELLEGRINO and ANTONI DI FILIPPO. The shares are held by Fortino Capital Venture II (10.8%).
Directors
According to the 2025 annual accounts
Director · represented by Cyril BERTRAND
since 2021
ANTONI DI FILIPPO
Director
since 2020
Director · represented by Filip Jo Hendrik Van Innis
Also active at: LetsBuild Holding, Vaultspeed
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de l'Industrie 22 A box 30
1400 Nivelles
Rue de l'Industrie 22 box A
1400 Nivelles
Active since 19 November 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0737.828.718
- VAT number
- BE 0737.828.718
- Registered office
- Rue de l'Industrie 22 A bus 30, 1400 Nivelles
- Names & denominations
- Vertuoza
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 November 2019
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- 071/51.53.00
- Activities · NACE
Ontwerpen van computerprogramma’s
Detailhandel in ICT-apparatuur
Ontwerpen en programmeren van computerprogramma's
Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels
Uitgeven van overige software