Belgian Value Factory
ActiveSummary
Belgian Value Factory has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €228k and a net result of €132k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency86▲+24
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 1.5 in 2024; short-term debt: 39.1% and cash: 40.3% of total assets), and 39.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.9%
Return on assets
35.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €228k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
6 d early
2022
4 d early
2021
30 d early
2020
31 d early
2019
3 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€228k▲ 138%
2024 · €96k
2018: €98k
2019: €199k▲ +103% vs 2018
2020: €291k▲ +46.0% vs 2019
2021: €408k▲ +40.3% vs 2020highest in 8 years
2022: €129k▼ -68.3% vs 2021
2023: €206k▲ +59.2% vs 2022
2024: €96k▼ -53.5% vs 2023lowest in 8 years
2025: €228k▲ +138% vs 2024
2018 → 2025
Total assets
€375k▲ 43.0%
2024 · €262k
2018: €131klowest in 8 years
2019: €243k▲ +86.1% vs 2018
2020: €368k▲ +51.1% vs 2019
2021: €470k▲ +27.7% vs 2020highest in 8 years
2022: €299k▼ -36.4% vs 2021
2023: €266k▼ -10.9% vs 2022
2024: €262k▼ -1.6% vs 2023
2025: €375k▲ +43.0% vs 2024
2018 → 2025
Net result
€132k▲ 72.1%
2024 · €77k
2018: €80k
2019: €101k▲ +26.7% vs 2018
2020: €91k▼ -9.3% vs 2019
2021: €117k▲ +28.1% vs 2020
2022: €109k▼ -7.2% vs 2021
2023: €76k▼ -29.7% vs 2022lowest in 8 years
2024: €77k▲ +0.7% vs 2023
2025: €132k▲ +72.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€218k▲ 160%
2024 · €84k
2018: €97k
2019: €196k▲ +102% vs 2018
2020: €287k▲ +46.6% vs 2019
2021: €403k▲ +40.1% vs 2020highest in 8 years
2022: €126k▼ -68.7% vs 2021
2023: €192k▲ +52.3% vs 2022
2024: €84k▼ -56.3% vs 2023lowest in 8 years
2025: €218k▲ +160% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€408k-€129k▼ 68.3%€206k▲ 59.2%€96k▼ 53.5%€228k▲ 138%
2021: €408khighest in 5 years
2022: €129k▼ -68.3% vs 2021
2023: €206k▲ +59.2% vs 2022
2024: €96k▼ -53.5% vs 2023lowest in 5 years
2025: €228k▲ +138% vs 2024
Operating result€152k-€139k▼ 8.5%€105k▼ 25.0%€95k▼ 9.5%€175k▲ 84.6%
2021: €152k
2022: €139k▼ -8.5% vs 2021
2023: €105k▼ -25.0% vs 2022
2024: €95k▼ -9.5% vs 2023lowest in 5 years
2025: €175k▲ +84.6% vs 2024highest in 5 years
Net result€117k-€109k▼ 7.2%€76k▼ 29.7%€77k▲ 0.7%€132k▲ 72.1%
2021: €117k
2022: €109k▼ -7.2% vs 2021
2023: €76k▼ -29.7% vs 2022lowest in 5 years
2024: €77k▲ +0.7% vs 2023
2025: €132k▲ +72.1% vs 2024highest in 5 years
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 recovers in 2025; 2025 is 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €375k
Fixed assets
€10k ▼ 15.1%
Current assets
€364k ▲ 45.8%
Equity and liabilities €375k
Equity
€228k ▲ 138%
Debt
€146k ▼ 12.0%
Debt's share of the balance-sheet total falls from 63.5% to 39.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€176k▲
2024 · €97k
Cash flow
€134k▲
2024 · €79k
Current ratio
2.49▲
2024 · 1.50
Debt to equity
0.64▼
2024 · 1.74
ROE
58.1%▼
2024 · 80.5%
ROA
35.4%▲
2024 · 29.4%
Interest coverage
57.86▼
2024 · 276.76
Debt ≤ 1 year
€146k▼
2024 · €166k
Income taxes
€42k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€262k€375k▲
Fixed assets21/28€12k€10k▼
Tangible fixed assets22/27€12k€10k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€87€87=
Current assets29/58€250k€364k▲
Amounts receivable within one year40/41€81k€89k▲
Trade receivables40€80k€88k▲
Other amounts receivable41€378€1k▲
Current investments50/53€112k€124k▲
Cash at bank and in hand54/58€58k€151k▲
Deferred charges and accrued income490/1€0€865▲
Equity and liabilities
Total equity and liabilities10/49€262k€375k▲
Equity10/15€96k€228k▲
Contributions10/11€19k€19k=
Reserves13€77k€210k▲
Distributable reserves133€77k€210k▲
Profit (loss) carried forward14€109€0▼
Amounts payable17/49€166k€146k▼
Amounts payable within one year42/48€166k€146k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Advances received on contracts in progress46-€16k
Taxes, remuneration and social security45€47k€26k▼
Taxes450/3€47k€26k▼
Other amounts payable47/48€116k€101k▼
Income statement
Code20242025
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€766€1k▲
Gross operating margin9900€97k€178k▲
Operating profit (loss)9901€95k€175k▲
Financial income75/76B€8k€3k▼
Recurring financial income75€8k€3k▼
Financial charges65/66B€349€3k▲
Recurring financial charges65€349€3k▲
Profit (loss) for the period before taxes9903€102k€174k▲
Income taxes67/77€25k€42k▲
Profit (loss) for the period9904€77k€132k▲
Profit (loss) for the period to be appropriated9905€77k€132k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€133k▲
Profit (loss) brought forward from the previous period14P€110€109▼
Transfer from equity791/2€187k€0▼
Transfer to equity691/2€77k€133k▲
To other reserves6921€77k€133k▲
Profit to be distributed694/7€187k€0▼
Return on contributions (dividend)694€187k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €2k | ▼ 9.2% |
| Other operating charges640/8 | €434 | €768 | €806 | €766 | €1k | ▲ 68.1% |
| Gross operating margin9900 | €154k | €142k | €108k | €97k | €178k | ▲ 82.5% |
| Operating profit (loss)9901 | €152k | €139k | €105k | €95k | €175k | ▲ 84.6% |
| Financial income75/76B | €3k | €5k | €776 | €8k | €3k | ▼ 65.4% |
| Recurring financial income75 | €3k | €5k | €776 | €8k | €3k | ▼ 65.4% |
| Financial charges65/66B | €2k | €2k | €2k | €349 | €3k | ▲ 774% |
| Recurring financial charges65 | €2k | €2k | €2k | €349 | €3k | ▲ 774% |
| Profit (loss) for the period before taxes9903 | €153k | €142k | €103k | €102k | €174k | ▲ 71.0% |
| Income taxes67/77 | €36k | €34k | €26k | €25k | €42k | ▲ 67.8% |
| Profit (loss) for the period9904 | €117k | €109k | €76k | €77k | €132k | ▲ 72.1% |
| Profit (loss) for the period to be appropriated9905 | €117k | €109k | €76k | €77k | €132k | ▲ 72.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €470k | €299k | €266k | €262k | €375k | ▲ 43.0% |
| Fixed assets21/28 | €5k | €3k | €14k | €12k | €10k | ▼ 15.1% |
| Tangible fixed assets22/27 | €5k | €3k | €14k | €12k | €10k | ▼ 15.3% |
| Land and buildings22 | €2k | €2k | €9k | - | - | - |
| Furniture and vehicles24 | €3k | €1k | €5k | €4k | €3k | ▼ 20.4% |
| Other tangible fixed assets26 | - | - | - | €8k | €7k | ▼ 13.0% |
| Financial fixed assets28 | - | - | €128 | €87 | €87 | = |
| Current assets29/58 | €465k | €296k | €252k | €250k | €364k | ▲ 45.8% |
| Amounts receivable within one year40/41 | €141k | €62k | €99k | €81k | €89k | ▲ 9.7% |
| Trade receivables40 | €22k | €62k | €93k | €80k | €88k | ▲ 9.0% |
| Other amounts receivable41 | €119k | €0 | €6k | €378 | €1k | ▲ 169% |
| Current investments50/53 | €66k | €90k | €96k | €112k | €124k | ▲ 11.0% |
| Cash at bank and in hand54/58 | €258k | €144k | €57k | €58k | €151k | ▲ 162% |
| Deferred charges and accrued income490/1 | - | - | €956 | €0 | €865 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €470k | €299k | €266k | €262k | €375k | ▲ 43.0% |
| Equity10/15 | €408k | €129k | €206k | €96k | €228k | ▲ 138% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €389k | €110k | €187k | €77k | €210k | ▲ 172% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €387k | €108k | €187k | €77k | €210k | ▲ 172% |
| Profit (loss) carried forward14 | €14 | €755 | €110 | €109 | €0 | ▼ 100% |
| Amounts payable17/49 | €62k | €170k | €61k | €166k | €146k | ▼ 12.0% |
| Amounts payable within one year42/48 | €62k | €170k | €61k | €166k | €146k | ▼ 12.0% |
| Trade debts44 | €3k | €4k | €4k | €3k | €3k | ▼ 7.8% |
| Suppliers440/4 | €3k | €4k | €4k | €3k | €3k | ▼ 7.8% |
| Advances received on contracts in progress46 | - | - | - | - | €16k | - |
| Taxes, remuneration and social security45 | €54k | €30k | €13k | €47k | €26k | ▼ 45.6% |
| Taxes450/3 | €54k | €30k | €13k | €47k | €26k | ▼ 45.6% |
| Other amounts payable47/48 | €5k | €136k | €44k | €116k | €101k | ▼ 12.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117k | €109k | €76k | €77k | €132k | ▲ 72.1% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €2k | ▼ 9.2% |
| Operating cash flow (approximation) | €119k | €111k | €79k | €79k | €134k | ▲ 70.0% |
| Investment in fixed assets (approximation) | - | €0 | €-13k | €41 | €0 | ▼ 100% |
| Change in cash | - | €-114k | €-87k | €1k | €93k | ▲ 8,918% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €132k ▲72.1%
Operating result €175k, net result €132k, both a record.
31-12
Financial
Equity above €200kEq €228k ▲138%
8 profitable years in a row build equity to €228k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €76k ▼29.7%
Net result drops to €76k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.16
Current ratio from 1.74 to 4.16; short-term debt falls from €170k to €61k.
31-12
Financial
Equity above €200kEq €206k ▲59.2%
6 profitable years in a row build equity to €206k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €291k ▲46%
3 profitable years in a row build equity to €291k.
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €199k ▲103%
2 profitable years in a row build equity to €199k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herent · 1 establishment unit since 2018
Ground area
691 m²
Building footprint
105 m²
Volume, LiDAR
629 m³
Parcel 24127E0020/00X002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Belgian Value Factory
since 20182.273.311.893
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24127E0020/00X002 | Flanders | 691 m² | 1 · 105 m² | 8.0 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,313 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
Founded08-02-2018
Fiscal year end31-12
Abbreviation NL
BVF
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.