VALCKE PROJECTS
ActiveSummary
VALCKE PROJECTS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency38▼-62
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 5.86 in 2024; short-term debt: 84.2% and cash: 71.1% of total assets), and 87.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 →
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 · 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
12.7%
Return on assets
12.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 18%
← weakest
strongest →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
37 d early
2023
56 d early
2022
68 d early
2021
43 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
Financials · fiscal year 2025, micro schema
Equity
€18k▼ 84.7%
2024 · €118k
2021: €34k
2022: €93k▲ +171% vs 2021
2023: €170k▲ +82.3% vs 2022highest in 5 years
2024: €118k▼ -30.4% vs 2023
2025: €18k▼ -84.7% vs 2024lowest in 5 years
2021 → 2025
Total assets
€142k▲ 3.3%
2024 · €137k
2021: €53klowest in 5 years
2022: €121k▲ +128% vs 2021
2023: €203k▲ +67.9% vs 2022highest in 5 years
2024: €137k▼ -32.2% vs 2023
2025: €142k▲ +3.3% vs 2024
2021 → 2025
Net result
€18k▼ 54.3%
2024 · €39k
2021: €29k
2022: €59k▲ +99.8% vs 2021
2023: €77k▲ +30.5% vs 2022highest in 5 years
2024: €39k▼ -49.7% vs 2023
2025: €18k▼ -54.3% vs 2024lowest in 5 years
2021 → 2025
Working capital
€5k▼ 94.2%
2024 · €91k
2021: €24k
2022: €60k▲ +151% vs 2021
2023: €132k▲ +118% vs 2022highest in 5 years
2024: €91k▼ -31.2% vs 2023
2025: €5k▼ -94.2% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€93k▲ 171%€170k▲ 82.3%€118k▼ 30.4%€18k▼ 84.7%
2021: €34k
2022: €93k▲ +171% vs 2021
2023: €170k▲ +82.3% vs 2022highest in 5 years
2024: €118k▼ -30.4% vs 2023
2025: €18k▼ -84.7% vs 2024lowest in 5 years
Operating result€38k-€60k▲ 60.3%€97k▲ 61.1%€50k▼ 48.5%€28k▼ 44.9%
2021: €38k
2022: €60k▲ +60.3% vs 2021
2023: €97k▲ +61.1% vs 2022highest in 5 years
2024: €50k▼ -48.5% vs 2023
2025: €28k▼ -44.9% vs 2024lowest in 5 years
Net result€29k-€59k▲ 99.8%€77k▲ 30.5%€39k▼ 49.7%€18k▼ 54.3%
2021: €29k
2022: €59k▲ +99.8% vs 2021
2023: €77k▲ +30.5% vs 2022highest in 5 years
2024: €39k▼ -49.7% vs 2023
2025: €18k▼ -54.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the 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 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142k
Fixed assets
€17k ▼ 38.7%
Current assets
€125k ▲ 14.0%
Equity and liabilities €142k
Equity
€18k ▼ 84.7%
Debt
€124k ▲ 541%
Debt's share of the balance-sheet total rises from 14.1% to 87.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▼
2024 · €63k
Cash flow
€31k▼
2024 · €51k
Current ratio
1.04▼
2024 · 5.86
Debt to equity
6.86▲
2024 · 0.16
ROE
97.5%▲
2024 · 32.6%
ROA
12.4%▼
2024 · 28.0%
Interest coverage
9.01▼
2024 · 72.74
Debt ≤ 1 year
€120k▲
2024 · €19k
Income taxes
€5k▼
2024 · €11k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€137k€142k▲
Fixed assets21/28€28k€17k▼
Intangible fixed assets21€15k€8k▼
Tangible fixed assets22/27€13k€9k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€12k€8k▼
Current assets29/58€109k€125k▲
Amounts receivable within one year40/41€14k€22k▲
Trade receivables40€10k€17k▲
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€92k€101k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€137k€142k▲
Equity10/15€118k€18k▼
Contributions10/11€5k€5k=
Reserves13€113k€13k▼
Distributable reserves133€113k€13k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€19k€124k▲
Amounts payable within one year42/48€19k€120k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48€11k€112k▲
Accrued charges and deferred income492/3€643€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€475€0▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€65k€42k▼
Operating profit (loss)9901€50k€28k▼
Financial income75/76B€54€81▲
Recurring financial income75€54€81▲
Financial charges65/66B€865€5k▲
Recurring financial charges65€865€5k▲
Profit (loss) for the period before taxes9903€49k€23k▼
Income taxes67/77€11k€5k▼
Profit (loss) for the period9904€39k€18k▼
Profit (loss) for the period to be appropriated9905€39k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€18k▼
Transfer from equity791/2€90k€100k▲
Transfer to equity691/2€39k€0▼
To other reserves6921€39k€0▼
Profit to be distributed694/7€90k€118k▲
Return on contributions (dividend)694€90k€118k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €567 | €7k | €10k | €13k | €14k | ▲ 4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €475 | €0 | ▼ 100% |
| Other operating charges640/8 | €136 | €112 | €656 | €1k | €1k | ▼ 1.9% |
| Gross operating margin9900 | €38k | €67k | €108k | €65k | €42k | ▼ 34.6% |
| Operating profit (loss)9901 | €38k | €60k | €97k | €50k | €28k | ▼ 44.9% |
| Financial income75/76B | €151 | €15k | - | €54 | €81 | ▲ 49.0% |
| Recurring financial income75 | €151 | €15k | - | €54 | €81 | ▲ 49.0% |
| Financial charges65/66B | €246 | €770 | €444 | €865 | €5k | ▲ 428% |
| Recurring financial charges65 | €246 | €770 | €444 | €865 | €5k | ▲ 428% |
| Profit (loss) for the period before taxes9903 | €37k | €74k | €97k | €49k | €23k | ▼ 53.2% |
| Income taxes67/77 | €8k | €16k | €20k | €11k | €5k | ▼ 48.8% |
| Profit (loss) for the period9904 | €29k | €59k | €77k | €39k | €18k | ▼ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €29k | €59k | €77k | €39k | €18k | ▼ 54.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53k | €121k | €203k | €137k | €142k | ▲ 3.3% |
| Fixed assets21/28 | €10k | €33k | €40k | €28k | €17k | ▼ 38.7% |
| Intangible fixed assets21 | - | - | €22k | €15k | €8k | ▼ 48.0% |
| Tangible fixed assets22/27 | €10k | €33k | €17k | €13k | €9k | ▼ 28.0% |
| Plant, machinery and equipment23 | €10k | €33k | €2k | €1k | €1k | ▼ 19.8% |
| Furniture and vehicles24 | - | - | €15k | €12k | €8k | ▼ 28.9% |
| Current assets29/58 | €43k | €88k | €163k | €109k | €125k | ▲ 14.0% |
| Amounts receivable within one year40/41 | €12k | €1k | €14k | €14k | €22k | ▲ 60.7% |
| Trade receivables40 | €12k | €1k | €14k | €10k | €17k | ▲ 68.6% |
| Other amounts receivable41 | - | - | - | €3k | €5k | ▲ 36.4% |
| Cash at bank and in hand54/58 | €30k | €84k | €142k | €92k | €101k | ▲ 9.8% |
| Deferred charges and accrued income490/1 | €767 | €3k | €8k | €4k | €2k | ▼ 53.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53k | €121k | €203k | €137k | €142k | ▲ 3.3% |
| Equity10/15 | €34k | €93k | €170k | €118k | €18k | ▼ 84.7% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €29k | €88k | €165k | €113k | €13k | ▼ 88.5% |
| Distributable reserves133 | €29k | €88k | €165k | €113k | €13k | ▼ 88.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €19k | €28k | €33k | €19k | €124k | ▲ 541% |
| Amounts payable within one year42/48 | €19k | €27k | €31k | €19k | €120k | ▲ 540% |
| Current portion of amounts payable after more than one year42 | - | €2k | €0 | - | - | - |
| Trade debts44 | €4k | €4k | €2k | €2k | €2k | ▼ 19.4% |
| Suppliers440/4 | €4k | €4k | €2k | €2k | €2k | ▼ 19.4% |
| Taxes, remuneration and social security45 | €14k | €16k | €24k | €6k | €5k | ▼ 6.5% |
| Taxes450/3 | €14k | €16k | €24k | €6k | €5k | ▼ 6.5% |
| Remuneration and social security454/9 | - | €92 | €0 | - | - | - |
| Other amounts payable47/48 | - | €5k | €5k | €11k | €112k | ▲ 935% |
| Accrued charges and deferred income492/3 | - | €294 | €2k | €643 | €4k | ▲ 579% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €59k | €77k | €39k | €18k | ▼ 54.3% |
| + Depreciation and write-downs630 | €567 | €7k | €10k | €13k | €14k | ▲ 4.9% |
| Operating cash flow (approximation) | €30k | €66k | €87k | €51k | €31k | ▼ 39.4% |
| Investment in fixed assets (approximation) | - | €-30k | €-17k | €-1k | €-3k | ▼ 116% |
| Change in cash | - | €54k | €58k | €-50k | €9k | ▲ 118% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €18k ▼54.3%
Net result drops to €18k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €77k ▲30.5%
Operating result €97k, net result €77k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲82.3%
3 profitable years in a row build equity to €170k.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Veurne · 1 establishment unit since 2020
Ground area
226 m²
Building footprint
79 m²
Volume, LiDAR
489 m³
Parcel 38025C0139/00G000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VALCKE PROJECTS
since 20202.308.382.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0139/00G000 | Flanders | 226 m² | 1 · 79 m² | 10.4 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,652 EUR awarded · 1,850 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,652 EUR | 1,652 EUR |
| 2023 | 1 | 0 EUR | 198 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 29,502 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
Founded14-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
64210Activities of holding companies
73300Public relations and communication consultancy
Contact
E-mail
frederik@vpr.beVeurne
Phone
0479068002Veurne
Scores and ratios are computed by Checked and are not a credit decision.