Debts
€4.8m 85% of the balance sheet
Suppliers 0%Taxes and wages 1%Other 99%
VALOC
Lifetime
7 annual accounts with figures on one time axispeak €656,937 (2024)
€603,801▼ 8.1%
lowest -€220,309 (2020)
€152,760▼ 23.7%
peak €856,750 (2025)
€856,750▲ 21.7%
€4.8m▼ 9.0%
Board2 names since 2019
2 directorsTopinco and 1 other
Owners
100%Topinco
Documentsfilings and deeds
11-05-202681 days before the deadline
2025abbreviated format
Equity from €703,989 to €856,750
Key points
from the 2025 annual accountsFilings
7 annual accounts since 2019
The last five annual accounts were filed 3 to 81 days before the end of the period.
Position in the sector
15.2%
Lower solvency than 80% of companies in head offices and management consultancy. Sector median 52.4% · 10,858 companies.
Checked score
92
Excellent
Financially stronger than 35% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.04, cash €166,698
lowers risk
Size: total assets €5.6m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 12-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 17% of them on solvency, 4% on liquidity, 44% on profitability and 77% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as VALOC has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VALOC itself is lower: 0.1% within 12 months. It rests on far more data about VALOC than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,372 companies, not a prediction for VALOC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.04 (0.04 in 2024), below 1. Short-term debt is 84.8% and cash 3% of total assets. 84.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 10858 sector peers (2025).
NBB · sector comparisonPosition among 10858 sector peers
Solvency
better than 19%
← weakest
strongest →
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 11-05-2026, 81 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
81 days early
2024
17 days early
2023
23 days early
2022
6 days early
2021
3 days early
2020
4 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0732599230
Environmental permit granted
Een grond gebruiken, aanleggen of inrichten, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Kortrijk
First establishment
Antoon Van Dycklaan 120, Kortrijk
Incorporation
Demerger proposal: Oxico splits off to VALOC · Founder: TOPINCO · 1,000 shares · published on 27-08-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VALOC Kortrijk | €5.6m | €603,801 | 15.2% | - |
| RODENBACH HOLDING Knokke-Heist | €5.4m | €557,034 | 37.1% | - |
| MAC-SQUARE Brussels | €5.5m | €614,376 | 56.8% | 8.2 |
| DEFRAMID Bruges | €4.7m | €725,074 | 22.1% | - |
| JULIOT Bruges | €5.7m | €585,368 | 16.0% | - |
| Harbourview Bruges | €6.9m | €501,288 | 0.3% | 0.3 |
| Tchavo Knokke-Heist | €6.7m | €937,307 | 31.4% | - |
These companies have the same main activity as VALOC: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €4.7m and €6.9m, founded between 2016 and 2021.
Official details
Source: KBO- Status
- Active since 23-07-2019Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.292.757.8218500 Kortrijk, since 14-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €920,000estimated
- €5.6m▼ 5.4%
- Filing
- Filed on 11-05-2026, 81 days before the end of the filing period
Insights on VALOC
VALOC files the abbreviated format. That format states no turnover. The gross margin rose from -€4,239 in 2019 to €603,801 in 2025.
The balance sheet grew most from 2020 to 2021 through fixed assets.
Topinco holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VALOC
- What is the company number of VALOC?
- The company number of VALOC is 0732.599.230. The VAT number is the same number with BE in front: BE 0732.599.230.
- Where is VALOC based?
- The registered office is at Antoon Van Dycklaan 120, 8500 Kortrijk.Company details
- What does VALOC do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of VALOC?
- VALOC is a private limited company (BV).
- When was VALOC founded?
- VALOC was founded on 23-07-2019.
- Is VALOC still active?
- Yes, VALOC is an active enterprise in the KBO register.
- What is the turnover of VALOC?
- The turnover in financial year 2025 is ≈ €920,000. This figure is estimated from the gross margin of €603,801 and 74 comparable companies (NACE 70200). It probably lies between €710,000 and €1.7m.Financials
- Is VALOC profitable?
- In financial year 2025, VALOC made a profit of €152,760.
- Where can I find the annual accounts of VALOC?
- VALOC filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VALOC due?
- VALOC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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