Losses
-€131,851 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Valdivia
Lifetime
19 annual accounts with figures on one time axis, 32 filings since 1992peak €392,334 (2023)
€325,977▼ 0.2%
lowest -€166,104 (2014)
-€46,798▲ €38,255
peak €1.0m (2010)
€828,588▼ 5.3%
€4.5m▲ 2.3%
Board2 names since 2017
2 directorsLAURENT G and 1 other
Owners4 names in the annual accounts
45.84%HANSEEUW HOLDING and 1 other
Documentsfilings and deeds
10-08-2026191 days late
2025financial year
Loss of €46,798Investments €335,934Cash from €173,602 to €80,516
Key points
from the 2025 annual accountsTurnover
≈ €580,000 estimated
The accounts state no turnover.
Debts
€4.5m 84% of the balance sheet
Financial debts 86%Suppliers 0%Other 14%
€4.0m of the debts are secured on the company's own assets. In 2023 that was €3.4m.
Investments
€335,934 1.8 × depreciation
Green is investment, beige is depreciation.
Filings
32 annual accounts 191 days
Latest accounts filed late: after the legal deadline.
At the same address
33 companies
Checked score
54
Fair
Financially stronger than 30% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.4%▲ +0.1 percentage points vs 01-2025
03-2025: 0.1%▼ -0.3 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%▲ +0.2 percentage points vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.8 percentage points vs 06-2026highest value
08-2026: 1.6%● unchanged vs 07-2026highest value
09-2026: 0.5%▼ -1.1 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 192 days late; 1 of the last 3 accounts late
Liquidity: current ratio 0.05, cash €80,516, halved
lowers risk
Founded in 1992
Size: total assets €5.3m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 35% of them on solvency, 32% on liquidity, 26% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as Valdivia has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Valdivia itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for Valdivia. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is insufficient, with a current ratio of 0.05 (0.14 in 2024), below 1. Short-term debt is 30.9% and cash 1.5% of total assets. 84.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€46,798
raises risk · 2025 accounts filed 191 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-08-2026, 191 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
191 days late
2024
on the day
2023
35 days early
2022
31 days late
2021
21 days late
2020
28 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
- HANSEEUW HOLDING 45.84%score 56equity €5.4m (2025) · 30-06-2025 annual accounts of HANSEEUW HOLDING
- Immobilière Ideal 42.4%score 92equity €1.8m (2025) · 2025 annual accounts of Immobilière Ideal
- GRETRIM 11.64%equity €1.9m (2023) · 30-09-2023 annual accounts of GRETRIM
Shares in 2 companies, HANSEEUW MARKETING and STALE
Board & ownershipRecent changes
Permanent representatives: Monica CIUFU, Laurent GOFFEAU and Laurent HANSEEUW
General meeting of 15-04-2026 · Gazette deed
2 directors reappointed
LAURENT G (managing director) and HANSEEUW HOLDING · Permanent representative: Monica Ciufu · General meeting of 01-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446416764
Amendment of the articles
General meeting of 19-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Valdivia: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €4.4m and €6.3m, founded between 1990 and 1994.
Official details
Source: KBO- Status
- Active since 23-01-1992Normal situation
- Registered office
- 35 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.131.010.3211050 Ixelles, since 02-02-1993
- Financial year end
- 30 June
- Peppol
- Reachable since 23-12-2025
Insights on Valdivia
Valdivia has existed since 1992. The gross margin grew from €128,503 in 2007 to €325,977 in 2025.
In December 2023, the Official Gazette published the appointment of LAURENT G as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Valdivia
- What is the company number of Valdivia?
- The company number of Valdivia is 0446.416.764. The VAT number is the same number with BE in front: BE 0446.416.764.
- Where is Valdivia based?
- The registered office is at Gulden-Vlieslaan 21, 1050 Ixelles.Company details
- What does Valdivia do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Valdivia?
- Valdivia is a public limited company (NV).
- When was Valdivia founded?
- Valdivia was founded on 23-01-1992.
- Is Valdivia still active?
- Yes, Valdivia is an active enterprise in the KBO register.
- What is the turnover of Valdivia?
- The turnover in financial year 2025 is ≈ €580,000. This figure is estimated from the gross margin of €325,977 and 40 comparable companies (NACE 681). It probably lies between €440,000 and €950,000.Financials
- Is Valdivia profitable?
- In financial year 2025, Valdivia made a loss of €46,798.
- Where can I find the annual accounts of Valdivia?
- Valdivia filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Valdivia due?
- Valdivia must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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