VALCO
ActiveVALCO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4k and a net result of €-23k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency81▼-19
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.5 against 4.85 in 2023), and 52.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.7%
Return on assets
-249%
Age of the figures
20 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€23k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
1 d early
2022
29 d late
2021
69 d early
2020
5 d early
2019
64 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€4k▼ 83.9%
2023 · €28k
2018: €4k
2019: €11k
2020: €21k
2021: €30k
2022: €34k
2023: €28k
2018 → 2024
Total assets
€9k▼ 72.6%
2023 · €34k
2018: €61k
2019: €45k
2020: €47k
2021: €45k
2022: €46k
2023: €34k
2018 → 2024
Net result
€-23k▼ 246%
2023 · €-7k
2018: €14k
2019: €7k
2020: €11k
2021: €8k
2022: €5k
2023: €-7k
2018 → 2024
Working capital
€2k▼ 89.4%
2023 · €23k
2018: €6k
2019: €6k
2020: €18k
2021: €21k
2022: €24k
2023: €23k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€30k▲ 38.4%€34k▲ 15.2%€28k▼ 19.5%€4k▼ 83.9%
Operating result€13k-€11k▼ 17.3%€6k▼ 41.9%€-6k€-23k▼ 264%
Net result€11k-€8k▼ 23.5%€5k▼ 45.1%€-7k€-23k▼ 246%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €6k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9k
Fixed assets
€2k▼ 61.7%
Current assets
€7k▼ 74.6%
Equity and liabilities €9k
Equity
€4k▼ 83.9%
Debt
€5k▼ 22.7%
The debt ratio rises from 18.6% to 52.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-20k▼
2023 · €-2k
Cash flow
€-20k▼
2023 · €-2k
Solvency
47.7%▼
2023 · 81.4%
Current ratio
1.50▼
2023 · 4.85
Quick ratio
1.50▼
2023 · 4.85
Debt / equity
1.10▲
2023 · 0.23
ROE
-521.8%▼
2023 · -24.3%
ROA
-249.0%▼
2023 · -19.8%
Interest coverage
-453.04▼
2023 · -4.48
Debt
€5k▼
2023 · €6k
Debt ≤ 1 year
€5k▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€34k€9k▼
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23€1k€23▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€29k€7k▼
Amounts receivable within one year40/41€27k€7k▼
Trade receivables40€22k€7k▼
Other amounts receivable41€5k€638▼
Cash at bank and in hand54/58€382€22▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€34k€9k▼
Equity10/15€28k€4k▼
Contributions10/11€19k€19k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-6k€-29k▼
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€5k▼
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€5k€823▼
Suppliers440/4€5k€823▼
Taxes, remuneration and social security45€436-
Taxes450/3€436-
Other amounts payable47/48-€389
Accrued charges and deferred income492/3€394-
Income statement
Code20232024
Remuneration, social security and pensions62€347-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€1k€631▼
Gross operating margin9900€-231€-19k▼
Operating profit (loss)9901€-6k€-23k▼
Financial charges65/66B€353€44▼
Recurring financial charges65€353€44▼
Profit (loss) for the period before taxes9903€-7k€-23k▼
Profit (loss) for the period9904€-7k€-23k▼
Profit (loss) for the period to be appropriated9905€-7k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-29k▼
Profit (loss) brought forward from the previous period14P€628€-6k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
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, Ronse · 1 establishment unit since 2000
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.
Edmond Van Beverenplein 19600 RonseGround area
542 m²
Building footprint
126 m²
Volume, LiDAR
794 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dressaertlaan 85 A, 1850 Grimbergen
since 20002.061.797.950
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025I0291/00X002 | Flanders | 408 m² | 1 · 60 m² | 8.2 m · 2 fl. |
| 45041B0815/00L006 | Flanders | 134 m² | 1 · 65 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ERKA
BE 0438.958.751
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F & L
BE 0550.677.809
Pelt · Eq €5k
S&N KEUKENS
BE 1023.905.868
Rumst · Eq €4k
Terlo
BE 0791.623.433
Dendermonde · Eq €4k
KORA GROEP
BE 0782.375.670
Riemst · Eq €5k
Of 619 companies in sector 31002 we hold annual accounts for 348. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1992
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
36130
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.