Summary
ADDINGVALUE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.5m and a net result of €72,750. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 5558 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
69 d early
2023
5 d early
2022
3 d early
2021
138 d early
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 oldest company in Kortrijk, Finance and insurance sector
Equity
€2.5m▲ 3.0%
2024 · €2.4m
Net result
€72,750▼ 67.4%
2024 · €222,918
Total assets
€3.8m▼ 1.7%
2024 · €3.8m
Solvency
65.7%▲ 3.0pp
2024 · 62.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€110,806▲ 394%€136,489▲ 23.2%€74,547▼ 45.4%€82,168▲ 10.2%-€41,924
Net result€58,037▲ 838%€75,013▲ 29.3%€216,273▲ 188%€222,918▲ 3.1%€72,750▼ 67.4%
Equity€1.9m▲ 3.2%€2.0m▲ 4.0%€2.2m▲ 11.0%€2.4m▲ 10.2%€2.5m▲ 3.0%
Total assets€3.8m▲ 0.9%€3.8m=€3.8m▼ 0.3%€3.8m▲ 2.1%€3.8m▼ 1.7%
Debt€1.9m▼ 1.2%€1.8m▼ 4.0%€1.6m▼ 12.5%€1.4m▼ 9.1%€1.3m▼ 9.6%
Working capital-€70,704▼ 98.7%-€91,959▼ 30.1%-€75,486▲ 17.9%-€46,201▲ 38.8%-€64,081▼ 38.7%
Solvency50.2%▲ 1.1pp52.2%▲ 2.0pp58.0%▲ 5.9pp62.6%▲ 4.6pp65.7%▲ 3.0pp
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €41,924 after €82,168 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€3.7m ▼ 0.3%
Current assets
€121,226 ▼ 31.9%
Equity and liabilities €3.8m
Equity
€2.5m ▲ 3.0%
Debt
€1.3m ▼ 9.6%
Debt's share of the balance-sheet total falls from 37.4% to 34.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.9%▼
2024 · 9.2%
ROA
1.9%▼
2024 · 5.8%
Debt ≤ 1 year
€185,307▼
2024 · €224,127
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€7,481▼
2024 · €39,909
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,500 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,067 | €6,308 | €8,198 | €8,808 | €10,265 | ▲ 16.5% |
| Other operating charges640/8 | - | €6,868 | €1,936 | €1,691 | €1,126 | ▼ 33.4% |
| Gross operating margin9900 | €128,274 | €149,664 | €84,681 | €92,667 | -€30,533 | ▼ 133% |
| Operating profit (loss)9901 | €110,806 | €136,489 | €74,547 | €82,168 | -€41,924 | ▼ 151% |
| Financial income75/76B | - | €115 | €200,006 | €200,001 | €140,006 | ▼ 30.0% |
| Recurring financial income75 | €0 | €115 | €200,006 | €200,001 | €140,006 | ▼ 30.0% |
| Financial charges65/66B | - | €26,901 | €21,140 | €19,342 | €17,850 | ▼ 7.7% |
| Recurring financial charges65 | €24,161 | €23,943 | €21,140 | €19,342 | €17,850 | ▼ 7.7% |
| Non-recurring financial charges66B | - | €2,958 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €86,645 | €109,703 | €253,413 | €262,827 | €80,231 | ▼ 69.5% |
| Income taxes67/77 | €28,608 | €34,690 | €37,140 | €39,909 | €7,481 | ▼ 81.3% |
| Profit (loss) for the period9904 | €58,037 | €75,013 | €216,273 | €222,918 | €72,750 | ▼ 67.4% |
| Profit (loss) for the period to be appropriated9905 | €58,037 | €75,013 | €216,273 | €222,918 | €72,750 | ▼ 67.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | ▼ 1.7% |
| Fixed assets21/28 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | ▼ 0.3% |
| Intangible fixed assets21 | - | €411 | €308 | €206 | €103 | ▼ 50.0% |
| Tangible fixed assets22/27 | €18,667 | €20,225 | €16,147 | €35,824 | €26,661 | ▼ 25.6% |
| Plant, machinery and equipment23 | - | €13,254 | €13,457 | €28,551 | €21,148 | ▼ 25.9% |
| Furniture and vehicles24 | - | €6,971 | €2,690 | €7,274 | €5,513 | ▼ 24.2% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Current assets29/58 | €123,379 | €123,786 | €118,175 | €177,927 | €121,226 | ▼ 31.9% |
| Amounts receivable within one year40/41 | €57,281 | €75,525 | €86,918 | €152,373 | €99,164 | ▼ 34.9% |
| Trade receivables40 | - | €70,586 | €7,755 | €42,905 | €10,416 | ▼ 75.7% |
| Other amounts receivable41 | - | €4,939 | €79,163 | €109,468 | €88,748 | ▼ 18.9% |
| Cash at bank and in hand54/58 | €65,802 | €46,530 | €29,264 | €25,105 | €22,062 | ▼ 12.1% |
| Deferred charges and accrued income490/1 | - | €1,730 | €1,993 | €449 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | ▼ 1.7% |
| Equity10/15 | €1.9m | €2.0m | €2.2m | €2.4m | €2.5m | ▲ 3.0% |
| Contributions10/11 | - | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Reserves13 | €64,854 | €104,269 | €320,542 | €543,460 | €616,210 | ▲ 13.4% |
| Distributable reserves133 | - | €104,269 | €320,542 | €543,460 | €616,210 | ▲ 13.4% |
| Profit (loss) carried forward14 | -€35,598 | €0 | - | - | - | - |
| Amounts payable17/49 | €1.9m | €1.8m | €1.6m | €1.4m | €1.3m | ▼ 9.6% |
| Amounts payable after more than one year17 | €1.7m | €1.6m | €1.4m | €1.2m | €1.1m | ▼ 8.3% |
| Financial debts170/4 | - | €1.6m | €1.4m | €1.2m | €1.1m | ▼ 8.3% |
| Amounts payable within one year42/48 | €194,082 | €215,745 | €193,662 | €224,127 | €185,307 | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | - | €105,055 | €106,121 | €107,198 | €108,286 | ▲ 1.0% |
| Trade debts44 | €19,334 | €44,780 | €15,440 | €43,290 | €4,741 | ▼ 89.0% |
| Suppliers440/4 | - | €44,780 | €15,440 | €43,290 | €4,741 | ▼ 89.0% |
| Taxes, remuneration and social security45 | - | €8,805 | €22,786 | €27,050 | €7,277 | ▼ 73.1% |
| Taxes450/3 | - | €8,805 | €22,786 | €27,050 | €7,277 | ▼ 73.1% |
| Other amounts payable47/48 | - | €57,105 | €49,315 | €46,589 | €65,003 | ▲ 39.5% |
| Accrued charges and deferred income492/3 | - | €19,290 | €13,307 | €13,244 | €13,345 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,037 | €75,013 | €216,273 | €222,918 | €72,750 | ▼ 67.4% |
| + Depreciation and write-downs630 | €8,067 | €6,308 | €8,198 | €8,808 | €10,265 | ▲ 16.5% |
| Operating cash flow (approximation) | €66,105 | €81,321 | €224,471 | €231,726 | €83,015 | ▼ 64.2% |
| Investment in fixed assets (approximation) | - | -€5,277 | -€4,017 | -€28,382 | -€999 | ▲ 96.5% |
| Change in cash | - | -€19,272 | -€17,266 | -€4,159 | -€3,044 | ▲ 26.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €222,918 ▲3.1%
Net result €222,918, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.2m ▲11%
5 profitable years in a row build equity to €2.2m.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €1mEq €1.8m ▲12,157%
2 profitable years in a row build equity to €1.8m.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €14,531
Net result €14,531 after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1983
Ground area
1,282 m²
Building footprint
274 m²
Volume, LiDAR
1,715 m³
Parcel 34026B0347/00X000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADDINGVALUE
since 19832.022.016.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0347/00X000 | Flanders | 1,282 m² | 1 · 274 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 10,265 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-02-1983
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.