VAL D'OR
Dissolution or liquidationSummary
The KBO register records for VAL D'OR the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show negative equity (-€5.8m) and a net result of -€61,861.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€5.8m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
69 d late
2023
61 d late
2022
79 d late
2021
436 d late
2020
801 d late
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 203 days after 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 (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.
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€61,861
2024 · €172,933
Working capital
-€160,871▼ 62.5%
2024 · -€99,010
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
Line20212022202320242025
Operating result€26,864-€169,502€222,056€172,985▼ 22.1%-€61,807
Net result-€74,548▼ 1,630%-€169,562▼ 127%€222,002€172,933▼ 22.1%-€61,861
Equity-€6.0m▼ 1.3%-€6.1m▼ 2.8%-€5.9m▲ 3.6%-€5.7m▲ 2.9%-€5.8m▼ 1.1%
Total assets€923,589▼ 19.2%€755,616▼ 18.2%€761,250▲ 0.7%€725,287▼ 4.7%€700,091▼ 3.5%
Debt€6.9m▼ 2.1%€6.9m=€6.7m▼ 3.1%€6.5m▼ 3.1%€6.5m▲ 0.6%
Working capital€742,222▼ 11.5%€572,703▼ 22.8%-€271,943-€99,010▲ 63.6%-€160,871▼ 62.5%
Staff (FTE)0
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €61,807 after €172,985 in 2024.
Key figures and ratios
Solvency
-826.8%▼
2024 · -789.6%
Current ratio
0.81▼
2024 · 0.88
Debt to equity
-1.12▲
2024 · -1.13
ROA
-8.8%▼
2024 · 23.8%
Debt ≤ 1 year
€860,962▲
2024 · €824,297
Debt > 1 year
€5.6m=
2024 · €5.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €31,849 | €277 | €5,248 | €2,242 | €0 | ▼ 100% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €58,713 | -€169,225 | €227,304 | €175,227 | -€61,807 | ▼ 135% |
| Operating profit (loss)9901 | €26,864 | -€169,502 | €222,056 | €172,985 | -€61,807 | ▼ 136% |
| Financial charges65/66B | €100,162 | €60 | €54 | €53 | €54 | ▲ 2.9% |
| Recurring financial charges65 | €162 | €60 | €54 | €53 | €54 | ▲ 2.9% |
| Non-recurring financial charges66B | €100,000 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€73,298 | -€169,562 | €222,002 | €172,933 | -€61,861 | ▼ 136% |
| Income taxes67/77 | €1,250 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€74,548 | -€169,562 | €222,002 | €172,933 | -€61,861 | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | -€74,548 | -€169,562 | €222,002 | €172,933 | -€61,861 | ▼ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €923,589 | €755,616 | €761,250 | €725,287 | €700,091 | ▼ 3.5% |
| Fixed assets21/28 | €43 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €43 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €43 | €0 | - | - | - | - |
| Current assets29/58 | €923,546 | €755,616 | €761,250 | €725,287 | €700,091 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €7,019 | €7,019 | €2,019 | €15 | €15 | = |
| Trade receivables40 | €7,004 | €7,004 | €2,004 | €0 | - | - |
| Other amounts receivable41 | €15 | €15 | €15 | €15 | €15 | = |
| Cash at bank and in hand54/58 | €761,555 | €748,597 | €759,231 | €725,272 | €700,075 | ▼ 3.5% |
| Deferred charges and accrued income490/1 | €154,972 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €923,589 | €755,616 | €761,250 | €725,287 | €700,091 | ▼ 3.5% |
| Equity10/15 | -€6.0m | -€6.1m | -€5.9m | -€5.7m | -€5.8m | ▼ 1.1% |
| Contributions10/11 | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Capital10 | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Issued capital100 | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Profit (loss) carried forward14 | -€11.0m | -€11.2m | -€11.0m | -€10.8m | -€10.9m | ▼ 0.6% |
| Amounts payable17/49 | €6.9m | €6.9m | €6.7m | €6.5m | €6.5m | ▲ 0.6% |
| Amounts payable after more than one year17 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Financial debts170/4 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Amounts payable within one year42/48 | €181,324 | €182,913 | €1.0m | €824,297 | €860,962 | ▲ 4.4% |
| Trade debts44 | €181,324 | €182,913 | €34,058 | €3,444 | €40,109 | ▲ 1,065% |
| Suppliers440/4 | €181,324 | €182,913 | €34,058 | €3,444 | €40,109 | ▲ 1,065% |
| Taxes, remuneration and social security45 | - | - | €999,134 | €820,853 | €820,853 | = |
| Taxes450/3 | - | - | €999,134 | €820,853 | €820,853 | = |
| Accrued charges and deferred income492/3 | €1.1m | €1.1m | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€74,548 | -€169,562 | €222,002 | €172,933 | -€61,861 | ▼ 136% |
| Operating cash flow (approximation) | -€74,548 | -€169,562 | €222,002 | €172,933 | -€61,861 | ▼ 136% |
| Investment in fixed assets (approximation) | - | €43 | - | - | - | - |
| Change in cash | - | -€12,958 | €10,634 | -€33,959 | -€25,196 | ▲ 25.8% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Back to profitnet €222,002
Net result €222,002 after 5 loss-making years.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 79 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 436 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 801 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.75
Current ratio from 0.94 to 3.75; short-term debt falls from €465,516 to €304,889.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Antwerpen · 1 establishment unit since 2011
Ground area
5,481 m²
Building footprint
2,724 m²
Volume, LiDAR
61,341 m³
2 parcels, Brussels, Flanders · tallest building 29.1 m, ±9 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Gulledelle 92, 1200 Sint-Lambrechts-Woluwe
since 20112.205.234.919
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0190/00R000 | Brussels | 5,222 m² | 1 · 2,603 m² | 29.1 m · 9 fl. |
| 11303C0231/00V004 | Flanders | 259 m² | 1 · 121 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded30-11-2011
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.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.