THE VALUE GROUP
ActiveSummary
THE VALUE GROUP has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €980,196 and a net result of €237,675. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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Signals
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
THE VALUE GROUP was incorporated on 22 August 1991.1 Since 2010 the registered office has moved 4 times, most recently to Lasne in 2024.23 Between 2010 and 2014 the capital was increased 3 times, most recently to EUR 2.6 million.456 The board currently has 4 members; DE BACKER Philippe has served longest, since 2016.7 Total assets fell from EUR 3.8 million in 2018 to EUR 1.8 million in 2025.8
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
- 2022 Equity -51% on 2021. Capital reduction of €1,500,000 (Official Gazette 01-08-2022).
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,684 | €27,784 | €27,784 | €27,784 | - | - |
| Other operating charges640/8 | €22,576 | €10,184 | €83,790 | €40,855 | €1,480 | ▼ 96.4% |
| Gross operating margin9900 | -€28,946 | -€17,762 | -€41,909 | -€152,086 | €50,336 | ▲ 133% |
| Operating profit (loss)9901 | -€84,206 | -€55,730 | -€153,483 | -€220,726 | €48,856 | ▲ 122% |
| Financial income75/76B | €44,986 | €29,842 | €555 | €1,759 | €199,790 | ▲ 11,261% |
| Recurring financial income75 | €44,986 | €29,842 | €555 | €1,759 | €429 | ▼ 75.6% |
| Non-recurring financial income76B | - | - | - | - | €199,361 | - |
| Financial charges65/66B | €118,788 | €19,247 | €85,638 | €43,286 | €10,971 | ▼ 74.7% |
| Recurring financial charges65 | €118,788 | €19,247 | €9,738 | €12,021 | €10,971 | ▼ 8.7% |
| Non-recurring financial charges66B | - | - | €75,900 | €31,265 | - | - |
| Profit (loss) for the period before taxes9903 | -€158,008 | -€45,135 | -€238,566 | -€262,253 | €237,675 | ▲ 191% |
| Income taxes67/77 | -€255,718 | - | €221,130 | €13,598 | - | - |
| Profit (loss) for the period9904 | €97,710 | -€45,135 | -€459,696 | -€275,851 | €237,675 | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €97,710 | -€45,135 | -€459,696 | -€275,851 | €237,675 | ▲ 186% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €2.9m | €2.4m | €2.2m | €1.8m | ▼ 16.9% |
| Fixed assets21/28 | €1.6m | €1.2m | €1.1m | €1.1m | €695,437 | ▼ 34.2% |
| Tangible fixed assets22/27 | €484,232 | €456,449 | €388,665 | €360,881 | - | - |
| Land and buildings22 | €444,232 | €416,449 | €388,665 | €360,881 | - | - |
| Other tangible fixed assets26 | €40,000 | €40,000 | - | - | - | - |
| Financial fixed assets28 | €1.1m | €771,337 | €695,437 | €695,437 | €695,437 | = |
| Current assets29/58 | €2.3m | €1.7m | €1.3m | €1.1m | €1.1m | ▼ 0.4% |
| Amounts receivable after more than one year29 | €922,359 | - | - | - | - | - |
| Trade receivables290 | €922,359 | - | - | - | - | - |
| Stocks and contracts in progress3 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | = |
| Stocks30/36 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | = |
| Amounts receivable within one year40/41 | €77,287 | €63,037 | €52,756 | €4,047 | €1,209 | ▼ 70.1% |
| Trade receivables40 | €45,949 | €31,700 | €21,418 | - | €1,209 | - |
| Other amounts receivable41 | €31,337 | €31,337 | €31,337 | €4,047 | - | - |
| Cash at bank and in hand54/58 | €70,711 | €426,011 | €14,311 | €9,890 | €7,678 | ▼ 22.4% |
| Deferred charges and accrued income490/1 | - | €436 | - | - | €214 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €2.9m | €2.4m | €2.2m | €1.8m | ▼ 16.9% |
| Equity10/15 | €3.0m | €1.5m | €1.0m | €742,520 | €980,196 | ▲ 32.0% |
| Contributions10/11 | €2.6m | €1.2m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €2.6m | €1.2m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | €2.6m | €1.2m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €258,634 | €294,976 | €285,201 | €285,201 | €285,201 | = |
| Non-distributable reserves130/1 | €258,634 | €118,409 | €108,634 | €108,634 | €108,634 | = |
| Legal reserve130 | €258,634 | €118,409 | €108,634 | €108,634 | €108,634 | = |
| Distributable reserves133 | - | €176,567 | €176,567 | €176,567 | €176,567 | = |
| Profit (loss) carried forward14 | €178,227 | - | -€353,171 | -€629,022 | -€391,347 | ▲ 37.8% |
| Amounts payable17/49 | €837,836 | €1.5m | €1.4m | €1.4m | €815,815 | ▼ 42.5% |
| Amounts payable after more than one year17 | €692,140 | €582,205 | €470,157 | - | - | - |
| Financial debts170/4 | €692,140 | €582,205 | €470,157 | - | - | - |
| Amounts payable within one year42/48 | €145,696 | €874,844 | €884,182 | €1.4m | €815,815 | ▼ 42.5% |
| Current portion of amounts payable after more than one year42 | €107,860 | €109,934 | €121,290 | €582,205 | - | - |
| Trade debts44 | €35,907 | €39,611 | €50,880 | €12,898 | - | - |
| Suppliers440/4 | €35,907 | €39,611 | €50,880 | €12,898 | - | - |
| Taxes, remuneration and social security45 | - | - | €156,531 | €68,130 | - | - |
| Taxes450/3 | - | - | €156,531 | €68,130 | - | - |
| Other amounts payable47/48 | €1,929 | €725,299 | €555,482 | €755,974 | €815,815 | ▲ 7.9% |
| Accrued charges and deferred income492/3 | - | €3,634 | €939 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,710 | -€45,135 | -€459,696 | -€275,851 | €237,675 | ▲ 186% |
| + Depreciation and write-downs630 | €32,684 | €27,784 | €27,784 | €27,784 | - | - |
| Operating cash flow (approximation) | €130,394 | -€17,351 | -€431,912 | -€248,067 | €237,675 | ▲ 196% |
| Investment in fixed assets (approximation) | - | €312,631 | €115,900 | €0 | €360,881 | - |
| Change in cash | - | €355,301 | -€411,700 | -€4,421 | -€2,213 | ▲ 49.9% |
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
08-01
State Gazette act
Resignations: DE BACKER Philippe Adrien Omer (director) and LEONARD Christian (director)Appointments: DE BACKER Philippe Adrien Omer (administrateur statutaire unique) and SACRAMENTO Klarisse Mae (administrateur statutaire subsidiaire) · Registered-office move · Statutes amendment9 facts ▸
- General meeting, 22-12-2025
- Registered-office move, Région wallonne
- Statutes amendment
- Director resignation, DE BACKER Philippe Adrien Omer (director)
- Director resignation, LEONARD Christian (director)
- Director appointment, DE BACKER Philippe Adrien Omer (administrateur statutaire unique)
- Mandate compensation, DE BACKER Philippe Adrien Omer
- Director appointment, SACRAMENTO Klarisse Mae (administrateur statutaire subsidiaire)
- Power of attorney, DE BACKER Philippe Adrien Omer
22-11
State Gazette act
Reappointment: Philippe De Backer (chair of the board)3 facts ▸
- Board meeting, 14-10-2024
- Director reappointment, Philippe De Backer (chair of the board)
- Director reappointment, Philippe De Backer (managing director)
19-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
- General meeting, 06-03-2024
- Registered-office move, Chaussée de Louvain 435 à 1380 Lasne
01-08
State Gazette act
Resignations: DE BACKER Philippe (director) and LEONARD Chistian (director)Reappointments: DE BACKER Philippe (non-statutory director) and LEONARD Chistian (non-statutory director) · Capital decrease · Capital12 facts ▸
- General meeting, 22-07-2022
- Capital decrease, €1.500.000
- Capital, €1.086.341,44
- Statutes amendment
- Director resignation, DE BACKER Philippe (director)
- Director resignation, LEONARD Chistian (director)
- Director reappointment, DE BACKER Philippe (non-statutory director)
- Director reappointment, LEONARD Chistian (non-statutory director)
- Director discharge, DE BACKER Philippe
- Director discharge, LEONARD Chistian
- Mandate compensation, DE BACKER Philippe
- Mandate compensation, LEONARD Chistian
Show earlier events
12-08
State Gazette act
Appointment: Christian Léonard (director)Resignation: Philippe De Backer (sole director) · Mandate compensation · Power of attorney6 facts ▸
- General meeting, 03-08-2020
- Director appointment, Christian Léonard (director)
- Mandate compensation, Christian Léonard
- Director resignation, Philippe De Backer (sole director)
- Power of attorney, Valérie-Anne de Brauwere
- Power of attorney, Rodolphe Horion
18-10
State Gazette act
Resignations: Star Freight NV (director) and Vink Gilles (director)Director discharge5 facts ▸
- General meeting, 02/05/2018
- Director resignation, Star Freight NV (director)
- Director resignation, Vink Gilles (director)
- Director discharge, Star Freight NV
- Director discharge, Vink Gilles
20-09
State Gazette act
Resignation: STAR FREIGHT (director)1 fact ▸
- Director resignation, STAR FREIGHT (director)
05-04
State Gazette act
Registered officeRegistered-office move2 facts ▸
- General meeting, 21-03-2018
- Registered-office move, Square de l'Arbalète 6 1170 Bruxelles
20-12
State Gazette act
Reappointments: De Backer Philippe, SA Star Freight and Gilles VinckAppointment: De Backer Philippe (managing director)7 facts ▸
- General meeting, 31-03-2017
- Board meeting, 31-03-2017
- Director reappointment, De Backer Philippe (director)
- Director reappointment, SA Star Freight (director)
- Director reappointment, Gilles Vinck (director)
- Director appointment, De Backer Philippe (managing director)
- Director appointment, De Backer Philippe (voorzitter van raad van bestuur)
17-10
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 01-10-2014
- Registered-office move, 1170 Bruxelles, rue de l'Hospice communal 6
12-03
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Power of attorney4 facts ▸
- General meeting, 26-02-2014
- Capital increase, €1.350.000
- Capital, €2.586.341,44
- Power of attorney, JEROME OTTE
27-06
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Power of attorney5 facts ▸
- General meeting, 10-06-2011
- Capital increase, €800.000
- Capital, €1.236.341,44
- Statutes amendment
- Power of attorney, Jérôme OTTE
23-02
State Gazette act
Registered officeRegistered-office move · Administrative seat3 facts ▸
- Board meeting, 21/12/2010
- Registered-office move, avenue du gui, 57 à 1180 Bruxelles
- Administrative seat, Mijlbekelaan 19, à 9300 Aalst
29-09
State Gazette act
Capital & shares · Purpose · Statutes amendmentPurpose change · Capital increase · Capital5 facts ▸
- General meeting, 31-08-2010
- Purpose change, La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour compte de tiers, ou en association ou participation avec des tiers: toute…
- Capital increase, €300.000
- Capital, €436.341,44
- Statutes amendment
28-09
State Gazette act
Registered officeRegistered-office move · Administrative seat3 facts ▸
- Board meeting, 27-07-2010
- Registered-office move, 1, rue Félix Delhasse, te 1060 Brussel (franstalig)
- Administrative seat, Mijlbekelaan 19, te 9300 Aalst
09-09
State Gazette act
Reappointment: DE BACKER Philippe (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur)Appointments: SA Star Freight (director) and Gilles Vinck (director) · Permanent representative: ZIEGLER Alain5 facts ▸
- General meeting, 26-05-2010
- Director reappointment, DE BACKER Philippe (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur)
- Director appointment, SA Star Freight (director)
- Permanent representative, ZIEGLER Alain
- Director appointment, Gilles Vinck (director)
24-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 01-03-2010
- Registered-office move, 9300 Aalst, Mijlbekelaan 19
14-08
State Gazette act
Resignation: FERON Diane (director)Appointment: LABBE Alain (director) · Director discharge · Mandate compensation5 facts ▸
- General meeting, 01-06-2006
- Director resignation, FERON Diane (director)
- Director discharge, FERON Diane
- Director appointment, LABBE Alain (director)
- Mandate compensation, LABBE Alain
Directors · office · real estate
Board 4
3 not recently confirmed
Permanent representatives 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076F0005/00L002 | Wallonia | 8,821 m² | 1 · 1,080 m² | 7.7 m · 1 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| DE BACKER Philippe |
|
| LEONARD Chistian |
|
| DE BACKER Philippe Adrien Omer |
|
| SACRAMENTO Klarisse Mae |
|
| LABBE Alain |
|
| SA Star Freight |
|
| Vinck Gilles |
|
| Christian Léonard |
|
| STAR FREIGHT |
|
| Star Freight NV |
|
| Vink Gilles |
|
| FERON Diane |
|
Articles of association
Full purpose
Toute mission de conseil aux entreprises et en particulier la gestion journalière et la direction générale de sociétés, le conseil en matière d'organisation et gestion d'entreprises, la recherche et sélection de personnel dirigeant, la recherche et gestion des ressources humaines, l'acquisition et la fusion de sociétés, le conseil en rémunération de dirigeants, et tous autres services intellectuels, sur une base contractuelle ou statutaire; la réalisation d'études de marché; la publicité et les relations publiques sous toutes formes et supports, l'organisation de conférences, de formations, d'expositions, et de concours. l'acquisition, la gestion et la vente d’œuvres d’art, tableaux, meubles et bibelots et toute opération de nature spéculative ayant trait à l'art ; la gestion d'un patrimoine immobilier, en ce compris, l'achat, la vente, la location, la promotion, la mise en valeur et toutes autres formes d'exploitation de tous biens immobiliers qu'elle détiendra en propriété entière, démembrée, en location ou autrement; la gestion d'un patrimoine de valeurs mobilières et immobilières incluant notamment mais non exclusivement : l'investissement, la souscription, la prise ferme, le placement, la vente, l'achat et la négociation d’actions et parts belges ou étrangères, obligations, bons de caisse, certificats et autres valeurs mobilières, des métaux précieux, des terrains et constructions. l'octroi de prêts et avances sous quelque forme ou durée que ce soit, à toutes les entreprises ou personnes liées et l'octroi de garanties, en ce compris comme caution, pour les engagements de ces mêmes personnes.
Structure & network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- 01-08-2022 Capital reduction of 1,500,000 EUR · to 1,086,341.44 EUR · repaid to the shareholders
- 12-03-2014 Capital increase of 1,350,000 EUR · to 2,586,341.44 EUR · 54,459 new shares · in kind
- 27-06-2011 Capital increase of 800,000 EUR · to 1,236,341.44 EUR · 32,272 new shares · in kind
- 29-09-2010 Capital increase of 300,000 EUR · to 436,341.44 EUR · 12,102 new shares · in kind
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.