VAL-B CONCEPT
ActiveSummary
VAL-B CONCEPT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €490,928 and a net result of €280,039. Equity is growing by ~39.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-9
Solvency46▼-14
Growth85=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.84 in 2024; short-term debt: 35.4% and cash: 12.6% of total assets), and 78.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
21.2%
Return on assets
12.1%
Age of the figures
9 mo
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 16-03-2026, 137 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
137 d early
2024
108 d early
2023
104 d early
2022
94 d early
2021
101 d early
2020
87 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 96 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 19 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by total assets in Assesse, Construction sector#9 company by equity in Assesse, Construction sector
Turnover
€3.2m▲ 27.8%
2023 · €2.5m
EBIT margin
14.7%▲ 7.6pp
2023 · 7.2%
Net result
€280,039▼ 12.7%
2024 · €320,885
Working capital
€57,403▼ 81.0%
2024 · €301,370
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.3m▲ 0.1%€2.5m€3.2m▲ 27.8%
Operating result€124,163▲ 145%€248,861▲ 100%€177,520▼ 28.7%€467,381▲ 163%€405,732▼ 13.2%
Net result€97,315within the sector's middle half▲ 218%€173,293above the sector's middle half▲ 78.1%€130,203within the sector's middle half▼ 24.9%€320,885above the sector's middle half▲ 146%€280,039above the sector's middle half▼ 12.7%
EBIT margin9.7%▲ 5.7pp7.2%14.7%▲ 7.6pp
Equity€156,993within the sector's middle half▲ 163%€257,686within the sector's middle half▲ 64.1%€347,534within the sector's middle half▲ 34.9%€621,950within the sector's middle half▲ 79.0%€490,928within the sector's middle half▼ 21.1%
Total assets€466,869within the sector's middle half▼ 14.0%€705,027within the sector's middle half▲ 51.0%€1.4mwithin the sector's middle half▲ 94.4%€1.8mwithin the sector's middle half▲ 31.3%€2.3mwithin the sector's middle half▲ 28.5%
Debt€309,877▼ 35.9%€447,341▲ 44.4%€1.0m▲ 129%€1.2m▲ 15.2%€1.8m▲ 54.6%
Working capital€91,633within the sector's middle half▲ 136%€191,123within the sector's middle half▲ 109%€113,604within the sector's middle half▼ 40.6%€301,370within the sector's middle half▲ 165%€57,403within the sector's middle half▼ 81.0%
Solvency33.6%within the sector's middle half▲ 22.6pp36.5%within the sector's middle half▲ 2.9pp25.4%within the sector's middle half▼ 11.2pp34.5%within the sector's middle half▲ 9.2pp21.2%within the sector's middle half▼ 13.3pp
Current ratio1.58within the sector's middle half▲ 0.461.62within the sector's middle half▲ 0.041.52within the sector's middle half▼ 0.101.84within the sector's middle half▲ 0.331.07below the sector's middle half▼ 0.77
Return on assets (ROA)20.8%above the sector's middle half▲ 15.2pp24.6%above the sector's middle half▲ 3.7pp9.5%within the sector's middle half▼ 15.1pp17.8%above the sector's middle half▲ 8.3pp12.1%above the sector's middle half▼ 5.7pp
Staff (FTE)1below the sector's middle half▼ 66.7%2below the sector's middle half▲ 100%2below the sector's middle half=3below the sector's middle half▲ 50.0%4.5within the sector's middle half▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.4m ▲ 25.7%
Current assets
€877,396 ▲ 33.3%
Equity and liabilities €2.3m
Equity
€490,928 ▼ 21.1%
Debt
€1.8m ▲ 54.6%
Debt's share of the balance-sheet total rises from 65.5% to 78.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€618,274▲
2024 · €600,586
Cash flow
€492,581▲
2024 · €454,090
Quick ratio
1.01▼
2024 · 1.61
Debt to equity
3.71▲
2024 · 1.89
ROE
57.0%▲
2024 · 51.6%
Interest coverage
10.83▼
2024 · 11.37
Debt ≤ 1 year
€819,993▲
2024 · €357,037
Debt > 1 year
€1.0m▲
2024 · €821,167
Income taxes
€71,845▼
2024 · €98,214
Staff costs
€321,363▲
2024 · €160,929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,713 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.3m | - | €2.5m | €3.2m | - | - |
| Non-recurring operating income76A | €2,713 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €1.1m | - | €2.1m | €2.4m | - | - |
| Remuneration, social security and pensions62 | €77,762 | €120,749 | €130,567 | €160,929 | €321,363 | ▲ 99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,885 | €78,996 | €87,649 | €133,205 | €212,542 | ▲ 59.6% |
| Other operating charges640/8 | €3,749 | €12,807 | €17,770 | €18,055 | €14,788 | ▼ 18.1% |
| Gross operating margin9900 | €265,560 | €461,412 | €413,506 | €779,570 | €954,425 | ▲ 22.4% |
| Operating profit (loss)9901 | €124,163 | €248,861 | €177,520 | €467,381 | €405,732 | ▼ 13.2% |
| Financial income75/76B | €821 | €71 | €1,432 | €1,064 | €3,237 | ▲ 204% |
| Recurring financial income75 | €821 | €71 | €1,432 | €1,064 | €3,237 | ▲ 204% |
| Financial charges65/66B | €8,921 | €19,715 | €21,704 | €52,814 | €57,086 | ▲ 8.1% |
| Recurring financial charges65 | €8,921 | €19,715 | €21,704 | €52,814 | €57,086 | ▲ 8.1% |
| Profit (loss) for the period before taxes9903 | €116,063 | €229,217 | €157,248 | €415,631 | €351,884 | ▼ 15.3% |
| Transfer from deferred taxes780 | - | - | €7,475 | €3,468 | - | - |
| Income taxes67/77 | €18,748 | €55,924 | €34,520 | €98,214 | €71,845 | ▼ 26.8% |
| Profit (loss) for the period9904 | €97,315 | €173,293 | €130,203 | €320,885 | €280,039 | ▼ 12.7% |
| Profit (loss) for the period to be appropriated9905 | €97,315 | €173,293 | €130,203 | €320,885 | €280,039 | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466,869 | €705,027 | €1.4m | €1.8m | €2.3m | ▲ 28.5% |
| Fixed assets21/28 | €216,031 | €204,468 | €1.0m | €1.1m | €1.4m | ▲ 25.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €213,151 | €194,627 | €1.0m | €1.1m | €1.4m | ▲ 26.6% |
| Land and buildings22 | - | - | €791,179 | €828,099 | €820,351 | ▼ 0.9% |
| Plant, machinery and equipment23 | €33,090 | €18,464 | €23,516 | €35,464 | €74,145 | ▲ 109% |
| Furniture and vehicles24 | €110,189 | €81,336 | €59,082 | €66,680 | €32,404 | ▼ 51.4% |
| Leasing and similar rights25 | €69,872 | €94,827 | €147,858 | €189,547 | €490,518 | ▲ 159% |
| Financial fixed assets28 | €2,880 | €9,841 | €15,992 | €22,307 | €18,627 | ▼ 16.5% |
| Current assets29/58 | €250,838 | €500,559 | €333,264 | €658,407 | €877,396 | ▲ 33.3% |
| Stocks and contracts in progress3 | €32,895 | €133,216 | €32,895 | €83,877 | €47,895 | ▼ 42.9% |
| Stocks30/36 | €32,895 | €32,895 | €32,895 | €32,895 | €47,895 | ▲ 45.6% |
| Contracts in progress37 | - | €100,321 | - | €50,981 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €140,053 | €254,615 | €208,713 | €384,204 | €465,814 | ▲ 21.2% |
| Trade receivables40 | €133,414 | €217,720 | €169,165 | €371,999 | €441,485 | ▲ 18.7% |
| Other amounts receivable41 | €6,639 | €36,894 | €39,548 | €12,205 | €24,329 | ▲ 99.3% |
| Cash at bank and in hand54/58 | €74,989 | €109,738 | €89,357 | €185,615 | €291,862 | ▲ 57.2% |
| Deferred charges and accrued income490/1 | €2,900 | €2,990 | €2,299 | €4,711 | €71,824 | ▲ 1,425% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466,869 | €705,027 | €1.4m | €1.8m | €2.3m | ▲ 28.5% |
| Equity10/15 | €156,993 | €257,686 | €347,534 | €621,950 | €490,928 | ▼ 21.1% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €150,760 | €238,760 | €320,760 | €598,760 | €470,760 | ▼ 21.4% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €148,900 | €238,760 | €320,760 | €598,760 | €470,760 | ▼ 21.4% |
| Profit (loss) carried forward14 | €33 | €326 | €529 | €413 | €452 | ▲ 9.3% |
| Investment grants15 | - | - | €7,645 | €4,177 | €1,116 | ▼ 73.3% |
| Amounts payable17/49 | €309,877 | €447,341 | €1.0m | €1.2m | €1.8m | ▲ 54.6% |
| Amounts payable after more than one year17 | €149,133 | €137,905 | €803,698 | €821,167 | €1.0m | ▲ 22.1% |
| Financial debts170/4 | €149,133 | €137,905 | €803,698 | €821,167 | €1.0m | ▲ 22.1% |
| Amounts payable within one year42/48 | €159,205 | €309,436 | €219,661 | €357,037 | €819,993 | ▲ 130% |
| Current portion of amounts payable after more than one year42 | €69,035 | €69,592 | €108,398 | €125,509 | €166,676 | ▲ 32.8% |
| Financial debts43 | - | - | €16,666 | €65,805 | €91,682 | ▲ 39.3% |
| Credit institutions430/8 | - | - | €16,666 | €65,805 | €91,682 | ▲ 39.3% |
| Trade debts44 | €26,105 | €54,635 | €55,850 | €99,311 | €139,015 | ▲ 40.0% |
| Suppliers440/4 | €26,105 | €54,635 | €55,850 | €99,311 | €139,015 | ▲ 40.0% |
| Taxes, remuneration and social security45 | €46,304 | €100,208 | €28,705 | €35,625 | €39,236 | ▲ 10.1% |
| Taxes450/3 | €36,899 | €84,660 | €16,516 | €16,516 | €9,916 | ▼ 40.0% |
| Remuneration and social security454/9 | €9,405 | €15,549 | €12,189 | €19,109 | €29,320 | ▲ 53.4% |
| Other amounts payable47/48 | €17,761 | €85,000 | €10,041 | €30,788 | €383,383 | ▲ 1,145% |
| Accrued charges and deferred income492/3 | €1,539 | - | - | €350 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,315 | €173,293 | €130,203 | €320,885 | €280,039 | ▼ 12.7% |
| + Depreciation and write-downs630 | €59,885 | €78,996 | €87,649 | €133,205 | €212,542 | ▲ 59.6% |
| Operating cash flow (approximation) | €157,201 | €252,289 | €217,852 | €454,090 | €492,581 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | -€67,433 | -€920,808 | -€237,675 | -€506,489 | ▼ 113% |
| Change in cash | - | €34,749 | -€20,381 | €96,258 | €106,247 | ▲ 10.4% |
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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €320,885 ▲146%
Operating result €467,381, net result €320,885, both a record.
31-12
Financial
Equity above €500,000Eq €621,950 ▲79%
7 profitable years in a row build equity to €621,950.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200,000Eq €257,686 ▲64.1%
5 profitable years in a row build equity to €257,686.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150,000Eq €156,993 ▲163%
4 profitable years in a row build equity to €156,993.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €8,220 ▼43.8%
Net result drops to €8,220, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Assesse · 3 establishment units since 2017
Ground area
2,583 m²
Building footprint
404 m²
Volume, LiDAR
458 m³
3 parcels, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
VAL-B CONCEPT
since 20172.263.756.997
VAL-B CONCEPT
since 20192.292.540.857
Val-b Concept
since 20212.331.829.520
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92028B0018/00B002 | Wallonia | 1,507 m² | 1 · 234 m² | - |
| 56078C0130/00N000 | Wallonia | 578 m² | 1 · 53 m² | 10.2 m · 3 fl. |
| 91109B0235/00K000 | Wallonia | 498 m² | 1 · 116 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
12 categoriesVAL-B CONCEPT SRL38924
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 9,330 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
Founded19-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43221Plumbing work
Contact
Website
val-bconcept.be
E-mail
info@val-bconcept.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674625201
Also
9925:BE0674625201
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.