VALCEMA
ActiveSummary
VALCEMA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €234k and a net result of €9k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 24% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-32
Solvency45▼-23
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.49 against 1.51 in 2024; short-term debt: 31.1% and cash: 8.6% of total assets), and 79.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
20.4%
Return on assets
0.8%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 24%
← weakest
strongest →
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
1 d early
2023
9 d late
2022
11 d early
2021
30 d late
2020
25 d late
2019
3 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€234k▼ 52.0%
2024 · €487k
Total assets
€1.15M▲ 1.1%
2024 · €1.14M
Net result
€9k▲ 160%
2024 · €3k
Working capital
€-184k
2024 · €54k
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€-63k€39k€57k▲ 46.2%€40k▼ 30.1%€36k▼ 9.4%
Net result€-75k€-2k▲ 97.8%€39k€3k▼ 91.0%€9k▲ 160%
Equity€489k▼ 13.3%€488k▼ 0.3%€483k▼ 0.8%€487k▲ 0.7%€234k▼ 52.0%
Total assets€1.32M▲ 2.3%€1.27M▼ 4.4%€1.23M▼ 3.0%€1.14M▼ 7.3%€1.15M▲ 1.1%
Debt€834k▲ 14.3%€778k▼ 6.7%€744k▼ 4.4%€650k▼ 12.6%€915k▲ 40.8%
Working capital€146k▼ 71.1%€149k▲ 1.9%€94k▼ 37.2%€54k▼ 42.6%€-184k
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€976k ▼ 0.2%
Current assets
€173k ▲ 8.6%
Equity and liabilities €1.15M
Equity
€234k ▼ 52.0%
Debt
€915k ▲ 40.8%
Debt's share of the balance-sheet total rises from 57.2% to 79.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52k▼
2024 · €72k
Cash flow
€26k▼
2024 · €36k
Current ratio
0.49▼
2024 · 1.51
Debt to equity
3.91▲
2024 · 1.34
ROE
3.9%▲
2024 · 0.7%
ROA
0.8%▲
2024 · 0.3%
Interest coverage
2.02▼
2024 · 7.64
Debt ≤ 1 year
€357k▲
2024 · €106k
Debt > 1 year
€476k▼
2024 · €540k
Income taxes
€908▼
2024 · €28k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13k | €7k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €47k | €34k | €33k | €16k | ▼ 49.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €10k | €5k | €6k | €4k | €12k | ▲ 193% |
| Non-recurring operating charges66A | €8k | €0 | - | - | - | - |
| Gross operating margin9900 | €17k | €91k | €97k | €76k | €65k | ▼ 15.3% |
| Operating profit (loss)9901 | €-63k | €39k | €57k | €40k | €36k | ▼ 9.4% |
| Financial income75/76B | €138 | €15 | €852 | €2k | €0 | ▼ 100.0% |
| Recurring financial income75 | €138 | €15 | €852 | €2k | €0 | ▼ 100.0% |
| Financial charges65/66B | €11k | €11k | €10k | €9k | €26k | ▲ 174% |
| Recurring financial charges65 | €11k | €11k | €10k | €9k | €26k | ▲ 174% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-74k | €28k | €47k | €32k | €10k | ▼ 68.7% |
| Income taxes67/77 | €1k | €29k | €9k | €28k | €908 | ▼ 96.8% |
| Profit (loss) for the period9904 | €-75k | €-2k | €39k | €3k | €9k | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €-75k | €-2k | €39k | €3k | €9k | ▲ 160% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.32M | €1.27M | €1.23M | €1.14M | €1.15M | ▲ 1.1% |
| Fixed assets21/28 | €1.07M | €1.03M | €999k | €977k | €976k | ▼ 0.2% |
| Tangible fixed assets22/27 | €1.07M | €1.03M | €999k | €977k | €976k | ▼ 0.2% |
| Land and buildings22 | €1.06M | €1.02M | €991k | €962k | €950k | ▼ 1.3% |
| Plant, machinery and equipment23 | €544 | €186 | €0 | €8k | €10k | ▲ 27.9% |
| Furniture and vehicles24 | €6k | €10k | €7k | €8k | €16k | ▲ 114% |
| Current assets29/58 | €253k | €235k | €229k | €160k | €173k | ▲ 8.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €112k | €110k | €131k | €119k | €72k | ▼ 39.6% |
| Trade receivables40 | €40k | €23k | €24k | €24k | €3k | ▼ 87.5% |
| Other amounts receivable41 | €73k | €86k | €107k | €95k | €69k | ▼ 27.6% |
| Cash at bank and in hand54/58 | €139k | €87k | €52k | €25k | €99k | ▲ 290% |
| Deferred charges and accrued income490/1 | €2k | €38k | €46k | €15k | €2k | ▼ 85.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.32M | €1.27M | €1.23M | €1.14M | €1.15M | ▲ 1.1% |
| Equity10/15 | €489k | €488k | €483k | €487k | €234k | ▼ 52.0% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €348k | €348k | €344k | €348k | €95k | ▼ 72.8% |
| Non-distributable reserves130/1 | €10k | €10k | €0 | - | - | - |
| Reserves not available under the articles1311 | €10k | €10k | €0 | - | - | - |
| Distributable reserves133 | €338k | €338k | €344k | €348k | €95k | ▼ 72.8% |
| Profit (loss) carried forward14 | €41k | €39k | €39k | €39k | €39k | = |
| Amounts payable17/49 | €834k | €778k | €744k | €650k | €915k | ▲ 40.8% |
| Amounts payable after more than one year17 | €728k | €666k | €604k | €540k | €476k | ▼ 11.9% |
| Financial debts170/4 | €728k | €666k | €604k | €540k | €476k | ▼ 11.9% |
| Amounts payable within one year42/48 | €107k | €86k | €135k | €106k | €357k | ▲ 237% |
| Current portion of amounts payable after more than one year42 | €61k | €62k | €62k | €63k | €64k | ▲ 1.5% |
| Financial debts43 | - | - | - | €857 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €857 | €0 | ▼ 100% |
| Trade debts44 | €29k | €22k | €12k | €17k | €15k | ▼ 12.9% |
| Suppliers440/4 | €29k | €22k | €12k | €17k | €15k | ▼ 12.9% |
| Taxes, remuneration and social security45 | €4k | €2k | €9k | €16k | €46k | ▲ 177% |
| Taxes450/3 | €4k | €2k | €9k | €16k | €46k | ▲ 177% |
| Other amounts payable47/48 | €13k | €0 | €51k | €8k | €232k | ▲ 2,802% |
| Accrued charges and deferred income492/3 | €0 | €26k | €5k | €4k | €82k | ▲ 1,959% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-75k | €-2k | €39k | €3k | €9k | ▲ 160% |
| + Depreciation and write-downs630 | €63k | €47k | €34k | €33k | €16k | ▼ 49.5% |
| Operating cash flow (approximation) | €-12k | €45k | €72k | €36k | €26k | ▼ 29.2% |
| Investment in fixed assets (approximation) | - | €-7k | €-1k | €-11k | €-15k | ▼ 31.9% |
| Change in cash | - | €-51k | €-35k | €-27k | €74k | ▲ 374% |
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 · micro schema · 31 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €39k
Net result €39k after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 7current ratio 3.54
Current ratio from 0.50 to 3.54.
31-12
Financial
Equity above €500kEq €531k ▲97.6%
2 profitable years in a row build equity to €531k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
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 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, Laarne · 2 establishment units since 2011
Ground area
2,674 m²
Building footprint
400 m²
Volume, LiDAR
2,007 m³
2 parcels, Flanders, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
VALCEMA
since 20112.203.908.690
VALCEMA
since 20182.288.038.374
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84048C0210/00M000 | Wallonia | 1,858 m² | 1 · 151 m² | 7.4 m · 2 fl. |
| 42010B1414/00F000 | Flanders | 815 m² | 1 · 248 m² | 9.3 m · 2 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 39,188 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
Founded14-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.