V.A.L.
ActiveSummary
The computed 12-month bankruptcy probability of V.A.L. is 3.9% (moderate). For V.A.L., at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €44,218 and a net result of -€4,794. Equity remains stable across the filed fiscal years (±1.9% per year). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability7▼-5
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
88.8%
Return on assets
-9.6%
Age of the figures
45 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 23-06-2023, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
38 d early
2021
45 d early
2020
33 d early
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 28 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
€44,218▼ 21.1%
2021 · €56,012
Total assets
€49,806▼ 20.0%
2021 · €62,246
Net result
-€4,794▼ 35.2%
2021 · -€3,545
Working capital
€40,104▼ 23.9%
2021 · €52,698
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
Line20182019202020212022
Operating result€7,476-€1,738▼ 76.7%€11,379▲ 555%-€3,145-€4,574▼ 45.5%
Net result€3,852-€1,394▼ 63.8%€9,128▲ 555%-€3,545-€4,794▼ 35.2%
Equity€52,035-€56,429▲ 8.4%€65,557▲ 16.2%€56,012▼ 14.6%€44,218▼ 21.1%
Total assets€62,450-€61,254▼ 1.9%€70,873▲ 15.7%€62,246▼ 12.2%€49,806▼ 20.0%
Debt€10,415-€4,825▼ 53.7%€5,316▲ 10.2%€6,234▲ 17.3%€5,588▼ 10.4%
Working capital€46,966-€50,940▲ 8.5%€61,659▲ 21.0%€52,698▼ 14.5%€40,104▼ 23.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,574 in 2022 against €3,145 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €49,806
Fixed assets
€4,115 ▲ 24.2%
Current assets
€45,692 ▼ 22.5%
Equity and liabilities €49,806
Equity
€44,218 ▼ 21.1%
Debt
€5,588 ▼ 10.4%
Debt's share of the balance-sheet total rises from 10.0% to 11.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,575▼
2021 · -€2,560
Cash flow
-€3,795▼
2021 · -€2,960
Current ratio
8.18▼
2021 · 9.45
Quick ratio
5.49▼
2021 · 9.45
Debt to equity
0.13▲
2021 · 0.11
ROE
-10.8%▼
2021 · -6.3%
ROA
-9.6%▼
2021 · -5.7%
Interest coverage
-23.46▼
2021 · -8.43
Debt ≤ 1 year
€5,588▼
2021 · €6,234
Income taxes
€68▼
2021 · €117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €688 | €830 | €585 | €585 | €999 | ▲ 70.8% |
| Other operating charges640/8 | - | - | - | €417 | €854 | ▲ 105% |
| Gross operating margin9900 | €8,337 | €2,919 | €13,442 | -€2,143 | -€2,721 | ▼ 27.0% |
| Operating profit (loss)9901 | €7,476 | €1,738 | €11,379 | -€3,145 | -€4,574 | ▼ 45.5% |
| Financial income75/76B | - | - | - | €20 | €0 | ▼ 99.0% |
| Recurring financial income75 | - | €0 | €0 | €20 | €0 | ▼ 99.0% |
| Financial charges65/66B | - | - | - | €304 | €152 | ▼ 49.8% |
| Recurring financial charges65 | €192 | €161 | €146 | €304 | €152 | ▼ 49.8% |
| Profit (loss) for the period before taxes9903 | €7,284 | €1,578 | €11,233 | -€3,428 | -€4,726 | ▼ 37.9% |
| Income taxes67/77 | €3,432 | €184 | €2,105 | €117 | €68 | ▼ 42.1% |
| Profit (loss) for the period9904 | €3,852 | €1,394 | €9,128 | -€3,545 | -€4,794 | ▼ 35.2% |
| Profit (loss) for the period to be appropriated9905 | €3,852 | €1,394 | €5,128 | -€3,545 | -€4,794 | ▼ 35.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,450 | €61,254 | €70,873 | €62,246 | €49,806 | ▼ 20.0% |
| Fixed assets21/28 | €5,069 | €5,489 | €3,899 | €3,314 | €4,115 | ▲ 24.2% |
| Tangible fixed assets22/27 | €4,979 | €5,399 | €3,809 | €3,224 | €4,025 | ▲ 24.8% |
| Furniture and vehicles24 | - | - | - | - | €1,386 | - |
| Other tangible fixed assets26 | - | - | - | €3,224 | €2,639 | ▼ 18.1% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €57,381 | €55,765 | €66,975 | €58,933 | €45,692 | ▼ 22.5% |
| Stocks and contracts in progress3 | €3,027 | €3,027 | - | - | €15,000 | - |
| Stocks30/36 | - | - | - | - | €15,000 | - |
| Amounts receivable within one year40/41 | €43,003 | €39,544 | €52,898 | €48,600 | €29,879 | ▼ 38.5% |
| Trade receivables40 | - | - | - | €2,190 | €5,025 | ▲ 129% |
| Other amounts receivable41 | - | - | - | €46,410 | €24,854 | ▼ 46.4% |
| Cash at bank and in hand54/58 | €10,877 | €12,665 | €13,536 | €9,959 | €621 | ▼ 93.8% |
| Deferred charges and accrued income490/1 | - | - | - | €374 | €191 | ▼ 48.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,450 | €61,254 | €70,873 | €62,246 | €49,806 | ▼ 20.0% |
| Equity10/15 | €52,035 | €56,429 | €65,557 | €56,012 | €44,218 | ▼ 21.1% |
| Contributions10/11 | €12,200 | €15,200 | €15,200 | €15,200 | €15,200 | = |
| Capital10 | - | - | - | €15,200 | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - |
| Uncalled capital101 | - | - | - | €3,400 | - | - |
| Reserves13 | €18,360 | €19,360 | €27,360 | €21,360 | €14,360 | ▼ 32.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | - | - | €4,000 | €4,000 | = |
| Distributable reserves133 | - | - | - | €15,500 | €8,500 | ▼ 45.2% |
| Profit (loss) carried forward14 | €21,475 | €21,869 | €22,997 | €19,452 | €14,658 | ▼ 24.6% |
| Amounts payable17/49 | €10,415 | €4,825 | €5,316 | €6,234 | €5,588 | ▼ 10.4% |
| Amounts payable within one year42/48 | €10,415 | €4,825 | €5,316 | €6,234 | €5,588 | ▼ 10.4% |
| Trade debts44 | €4,855 | €904 | €1,236 | €3,217 | €1,776 | ▼ 44.8% |
| Suppliers440/4 | - | - | - | €3,217 | €1,776 | ▼ 44.8% |
| Taxes, remuneration and social security45 | - | - | - | €3,017 | €3,812 | ▲ 26.3% |
| Taxes450/3 | - | - | - | €3,017 | €3,812 | ▲ 26.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,852 | €1,394 | €9,128 | -€3,545 | -€4,794 | ▼ 35.2% |
| + Depreciation and write-downs630 | €688 | €830 | €585 | €585 | €999 | ▲ 70.8% |
| Operating cash flow (approximation) | €4,540 | €2,224 | €9,713 | -€2,960 | -€3,795 | ▼ 28.2% |
| Investment in fixed assets (approximation) | - | -€1,250 | €1,005 | €0 | -€1,800 | - |
| Change in cash | - | €1,788 | €871 | -€3,576 | -€9,338 | ▼ 161% |
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
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€4,794
Net result drops to -€4,794, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €9,128 ▲555%
Operating result €11,379, net result €9,128, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 11.56
Current ratio from 5.51 to 11.56; short-term debt falls from €10,415 to €4,825.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 4 days late
2017
12-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 12 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
2015
14-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 14 days late
2014
13-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Agatha-Berchem · 1 establishment unit since 2006
Ground area
270 m²
Parcel 21342B0114/00L019, Brussels. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
V.A.L
since 20062.153.418.707
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0114/00L019 | Brussels | 270 m² | - | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded01-03-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.