LES VALLEES
ActiveLES VALLEES has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €-22k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-10
Solvency31▼-4
Growth68▼-16
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.84 against 0.92 in 2024; short-term debt: 51.9% and cash: 2.1% of total assets), and 94.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.9%
Return on assets
-2.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 276 sector peers (2025).
NBB · sector comparisonPosition among 276 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
33 d late
2024
27 d late
2023
30 d late
2022
32 d late
2021
54 d early
2020
37 d early
2019
23 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€328k▲ 25.8%
2024 · €261k
2022: €185k
2023: €265k
2024: €261k
2022 → 2025
EBIT margin
-2.8%▼ 8.6pp
2024 · 5.8%
2022: -10.4%
2023: 11.5%
2024: 5.8%
2022 → 2025
Net result
€-22k
2024 · €1k
2018: €-20k
2019: €-11k
2020: €-4k
2021: €39k
2022: €-10k
2023: €30k
2024: €1k
2018 → 2025
Working capital
€-66k▼ 191%
2024 · €-23k
2018: €-101k
2019: €-62k
2020: €-67k
2021: €22k
2022: €-648
2023: €3k
2024: €-23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€185k€265k▲ 43.8%€261k▼ 1.7%€328k▲ 25.8%
Equity€49k-€38k▼ 20.9%€68k▲ 77.5%€69k▲ 1.7%€48k▼ 31.2%
Operating result€34k-€-19k€30k€15k▼ 50.0%€-9k
Net result€39k-€-10k€30k€1k▼ 96.1%€-22k
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 €9k after €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €804k
Fixed assets
€453k▲ 7.6%
Current assets
€351k▲ 28.5%
Equity and liabilities €804k
Equity
€48k▼ 31.2%
Debt
€756k▲ 21.1%
The debt ratio rises from 90.0% to 94.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61k▼
2024 · €83k
Cash flow
€49k▼
2024 · €69k
Solvency
5.9%▼
2024 · 10.0%
Current ratio
0.84▼
2024 · 0.92
Quick ratio
0.84▼
2024 · 0.91
Debt / equity
15.85▲
2024 · 9.00
ROE
-45.4%▼
2024 · 1.7%
ROA
-2.7%▼
2024 · 0.2%
Interest coverage
4.88▼
2024 · 5.90
Debt
€756k▲
2024 · €625k
Debt ≤ 1 year
€417k▲
2024 · €296k
Debt > 1 year
€339k▲
2024 · €329k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€694k€804k▲
Fixed assets21/28€421k€453k▲
Tangible fixed assets22/27€421k€453k▲
Land and buildings22€33k€28k▼
Plant, machinery and equipment23€388k€425k▲
Current assets29/58€273k€351k▲
Stocks and contracts in progress3€3k€1k▼
Stocks30/36€3k€1k▼
Amounts receivable within one year40/41€261k€323k▲
Trade receivables40€255k€306k▲
Other amounts receivable41€6k€17k▲
Cash at bank and in hand54/58€408€17k▲
Deferred charges and accrued income490/1€9k€9k▼
Equity and liabilities
Total equity and liabilities10/49€694k€804k▲
Equity10/15€69k€48k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€1k€-20k▼
Amounts payable17/49€625k€756k▲
Amounts payable after more than one year17€329k€339k▲
Financial debts170/4€329k€339k▲
Amounts payable within one year42/48€296k€417k▲
Current portion of amounts payable after more than one year42€50k€60k▲
Trade debts44€41k€75k▲
Suppliers440/4€41k€75k▲
Other amounts payable47/48€205k€283k▲
Income statement
Code20242025
Turnover70€261k€328k▲
Non-recurring operating income76A-€657
Goods, raw materials, services and sundry goods60/61€177k€265k▲
Remuneration, social security and pensions62€208-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€70k▲
Other operating charges640/8€419€3k▲
Gross operating margin9900€84k€64k▼
Operating profit (loss)9901€15k€-9k▼
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€1k€-22k▼
Profit (loss) for the period9904€1k€-22k▼
Profit (loss) for the period to be appropriated9905€1k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-20k▼
Profit (loss) brought forward from the previous period14P€10€1k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 33 days late
2025
31-12
Financial
Weakest financial yearnet €-22k ▼1944%
Net result drops to €-22k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €39k
Net result €39k after 3 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Celles (lez-Tournai) · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Vallées (C) 57760 Celles (lez-Tournai)Ground area
3,338 m²
Building footprint
252 m²
Volume, LiDAR
1,713 m³
Parcel 57018A0083/00K000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Vallées (C) 5, 7760 Celles (lez-Tournai)
since 19962.077.018.339
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57018A0083/00K000 | Wallonia | 3,338 m² | 1 · 252 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCelles (Ht.)2.077.018.339
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LASAGNI
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Of 663 companies in sector 16110 we hold annual accounts for 320. 162 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-06-1996
Fiscal year end31-12
Activities, NACEBEL
16110Sawmilling and planing of wood
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.