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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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VIRAGE from Ciney, company number BE0878824453, closed financial year 2025 with a result of € -185,554 after tax. For that financial year VIRAGE recorded a gross margin of € 1.4 million and equity of € 1 million. Compared with financial year 2024, the result moved from € 14,017 to € -185,554. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 1 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -185,554
▼ still € 14,017 profit in 2024
Profit after tax over the fiscal year.
€ 361,550
▲ 135% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 817,671.
People and assets in 2025
21
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 14% vs 2024
€ 54,900 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.
€ 197,154
▲ 44% vs 2024
Of which on lease € 166,149.
Debts at end 2025
€ 3.5 million
▲ 3% vs 2024
€ 217,263 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 2 million
▲ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 134,197
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,534,128 | € 1,384,959 | € 1,354,923 | € 1,396,092 | ▲ 3% |
| Profit after taxes | € 418,340 | € 193,426 | € 14,017 | € -185,554 | ▼ € 199,571 |
| Equity | € 1,073,055 | € 1,215,326 | € 1,233,283 | € 1,045,559 | ▼ 15% |
| Total debts | € 3,585,154 | € 3,618,235 | € 5,237,312 | € 6,072,983 | ▲ 16% |
| Cash | € 324,241 | € 348,901 | € 153,558 | € 361,550 | ▲ 135% |
| Land & buildings | € 279,308 | € 257,429 | € 1,728,179 | € 2,074,414 | ▲ 20% |
| Retained profit | € 845,781 | € 989,208 | € 1,003,225 | € 817,671 | ▼ 18% |
| Dividend | € 200,000 | € 50,000 | € 0 | € 0 | |
| Bank debt | € 1,348,549 | € 1,501,618 | € 3,392,680 | € 3,487,838 | ▲ 3% |
| Balance sheet total | € 4,658,209 | € 4,833,561 | € 6,470,595 | € 7,118,542 | ▲ 10% |
| Employees (FTE) | 20.4 | 19.8 | 22.8 | 21 | ▼ 1.8 |
Key figures of VIRAGE, 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 VIRAGE?
What happened at VIRAGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SA Somasign stepped down as director. NBB
- M Screen sprl stepped down as director. NBB
- SA FIBAMA stepped down as director. NBB
- SA SI-HBEL stepped down as director. NBB
- AV2C Management SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 185,554 (▼ € 199,571 vs 2024). Source: NBB ↗
- SA Somasign became a director. NBB
- M Screen sprl became a director. NBB
In short
From € 418,340 profit in 2022 to € 185,554 loss in 2025.
Paid € 132,972 in corporate taxes since 2022.
Best year ever: 2022, with € 418,340 profit.
On average € 66,500 of value added per employee in 2025.
Management
The shares are held by AV2C Management (75%) and M-Screen (25%).
Directors
According to the 2025 annual accounts
Managing director · represented by Thami LARAKI
Owns 75% via AV2C Management · Owns 25% via M-Screen
Also active at: AV2C MANAGEMENT, M SCREEN
since 2025 · until 2030
Managing director · represented by Thami LARAKI
since 2021 · until 2027
Director · represented by Thami LARAKI
since 2025 · until 2030
Director · represented by Florian BAGUETTE
Also active at: SOMASIGN, ECOMURET BENELUX SRL, BAELEN REMBLAI, B.B. PROMO, M SCREEN, SIGNALI, AQUAFLUX
since 2025 · until 2030
Director · represented by Thami LARAKI
Also active at: SOCIETE ANONYME DE CONSTRUCTION ET ENTRETIEN, Société Générale de Plantation, SOCIETE de TRAVAUX de LIEGE, SOTRAGI, LOGIS-BeL, SOMASIGN, SOGELOC, LEASE-BeL +3 more
since 2025 · until 2030
Shareholders
AV2C Management · holding of SA Somasign
75%
M-Screen · holding of SA Somasign
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Croix Limont 21
5590 Ciney
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0878.824.453
- VAT number
- BE 0878.824.453
- Registered office
- Rue de la Croix Limont 21, 5590 Ciney
- Names & denominations
- VIRAGE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 January 2006
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Vervaardiging van overige producten van metaal, neg
Vervaardiging van overige artikelen van metaal, n.e.g.
Projectontwikkeling voor infrastructuurwerken
Overige bouwinstallatie
Vervaardiging van elektrische benodigdheden voor motoren en voertuigen
Vervaardiging van rollend materieel voor spoor- en tramwegen
Vervaardiging van elektrische signaal- en alarmtoestellen
Vervaardiging van elektrische en elektronische benodigdheden voor motorvoertuigen
+4