VAL CERAMICS
ActiveSummary
VAL CERAMICS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28k and a net result of €14k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+29
Solvency33▲+2
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.36 in 2024; short-term debt: 71.5% and cash: 3.2% of total assets), and 92.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← 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
7.6%
Return on assets
3.8%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 348 sector peers (2025).
NBB · sector comparisonPosition among 348 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
7 d early
2024
1 d early
2023
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k▲ 98.5%
2024 · €14k
2023: €26k
2024: €14k
2023 → 2025
Total assets
€360k▲ 55.3%
2024 · €232k
2023: €217k
2024: €232k
2023 → 2025
Net result
€14k
2024 · €-12k
2023: €11k
2024: €-12k
2023 → 2025
Working capital
€35k▼ 31.3%
2024 · €51k
2023: €-15k
2024: €51k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€26k-€14k▼ 45.7%€28k▲ 98.5%
Operating result€21k-€2k▼ 89.5%€31k▲ 1,348%
Net result€11k-€-12k€14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,348% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €360k
Fixed assets
€67k ▲ 78.2%
Current assets
€293k ▲ 50.8%
Equity and liabilities €360k
Equity
€28k ▲ 98.5%
Debt
€332k ▲ 52.6%
Debt's share of the balance-sheet total falls from 94.0% to 92.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2024 · €15k
Cash flow
€31k▲
2024 · €1k
Current ratio
1.14▼
2024 · 1.36
Quick ratio
0.29▼
2024 · 0.60
Debt to equity
12.08▼
2024 · 15.72
ROE
49.6%▲
2024 · -84.1%
ROA
3.8%▲
2024 · -5.0%
Interest coverage
3.58▲
2024 · 1.37
Debt ≤ 1 year
€257k▲
2024 · €143k
Debt > 1 year
€75k=
2024 · €75k
Income taxes
€11k▲
2024 · €3k
Staff costs
€130k▲
2024 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€232k€360k▲
Fixed assets21/28€38k€67k▲
Tangible fixed assets22/27€38k€67k▲
Plant, machinery and equipment23€23k€16k▼
Furniture and vehicles24€15k€52k▲
Current assets29/58€194k€293k▲
Stocks and contracts in progress3€108k€218k▲
Stocks30/36€108k€218k▲
Amounts receivable within one year40/41€43k€62k▲
Trade receivables40€43k€62k▲
Cash at bank and in hand54/58€42k€11k▼
Deferred charges and accrued income490/1€1k€911▼
Equity and liabilities
Total equity and liabilities10/49€232k€360k▲
Equity10/15€14k€28k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€-1k€13k▲
Amounts payable17/49€218k€332k▲
Amounts payable after more than one year17€75k€75k=
Other amounts payable178/9€75k€75k=
Amounts payable within one year42/48€143k€257k▲
Current portion of amounts payable after more than one year42€100k€100k=
Trade debts44€3k€60k▲
Suppliers440/4€3k€60k▲
Taxes, remuneration and social security45€33k€39k▲
Taxes450/3€17k€27k▲
Remuneration and social security454/9€16k€11k▼
Other amounts payable47/48€7k€59k▲
Income statement
Code20242025
Remuneration, social security and pensions62€117k€130k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€18k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€133k€180k▲
Operating profit (loss)9901€2k€31k▲
Financial income75/76B€433€7k▲
Recurring financial income75€433€7k▲
Financial charges65/66B€11k€14k▲
Recurring financial charges65€11k€14k▲
Profit (loss) for the period before taxes9903€-8k€24k▲
Income taxes67/77€3k€11k▲
Profit (loss) for the period9904€-12k€14k▲
Profit (loss) for the period to be appropriated9905€-12k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€13k▲
Profit (loss) brought forward from the previous period14P€11k€-1k▼
The notes to these accounts (8 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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-12k ▼211%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2022
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.
Stormestraat 1428790 WaregemGround area
239 m²
Building footprint
124 m²
Volume, LiDAR
802 m³
Parcel 34040C0663/00F000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Val Ceramics
since 20222.329.300.293
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0663/00F000 | Flanders | 239 m² | 1 · 124 m² | 11.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 26,913 EUR awarded · 26,913 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,000 EUR | 5,000 EUR |
| 2024 | 1 | 10,052 EUR | 10,052 EUR |
| 2023 | 1 | 8,880 EUR | 8,880 EUR |
| 2022 | 1 | 2,981 EUR | 2,981 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 674 companies in sector 23410 we hold annual accounts for 47. 38 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2022
Fiscal year end30-09
Activities, NACEBEL 2025
23410Manufacture of ceramic household and ornamental articles
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@valpottery.be