Valdivia
ActiveSummary
Valdivia has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €829k and a net result of €-47k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 28% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-3
Solvency41▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity short (current ratio 0.05 against 0.14 in 2024; short-term debt: 30.9% and cash: 1.5% of total assets), and 84.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 €-47k
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
191 d late
2024
on the day
2023
35 d early
2022
31 d late
2021
21 d late
2020
28 d early
2019
31 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-47k▲ 45.0%
2024 · €-85k
2019: €62k
2020: €-87k▼ -240% vs 2019lowest in 7 years
2021: €19k▲ +122% vs 2020
2022: €16k▼ -18.6% vs 2021
2023: €108k▲ +587% vs 2022highest in 7 years
2024: €-85k▼ -179% vs 2023
2025: €-47k▲ +45.0% vs 2024
2019 → 2025
Working capital
€-1.56M▼ 29.6%
2024 · €-1.21M
2019: €200khighest in 7 years
2020: €101k▼ -49.6% vs 2019
2021: €46k▼ -54.1% vs 2020
2022: €-11k▼ -124% vs 2021
2023: €-33k▼ -196% vs 2022
2024: €-1.21M▼ -3506% vs 2023
2025: €-1.56M▼ -29.6% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€837k-€853k▲ 1.9%€960k▲ 12.6%€875k▼ 8.9%€829k▼ 5.3%
2021: €837k
2022: €853k▲ +1.9% vs 2021
2023: €960k▲ +12.6% vs 2022highest in 5 years
2024: €875k▼ -8.9% vs 2023
2025: €829k▼ -5.3% vs 2024lowest in 5 years
Operating result€131k-€113k▼ 14.0%€238k▲ 112%€45k▼ 81.2%€110k▲ 146%
2021: €131k
2022: €113k▼ -14.0% vs 2021
2023: €238k▲ +112% vs 2022highest in 5 years
2024: €45k▼ -81.2% vs 2023lowest in 5 years
2025: €110k▲ +146% vs 2024
Net result€19k-€16k▼ 18.6%€108k▲ 587%€-85k€-47k▲ 45.0%
2021: €19k
2022: €16k▼ -18.6% vs 2021
2023: €108k▲ +587% vs 2022highest in 5 years
2024: €-85k▼ -179% vs 2023lowest in 5 years
2025: €-47k▲ +45.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 146% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.34M
Fixed assets
€5.25M ▲ 3.0%
Current assets
€90k ▼ 52.7%
Equity and liabilities €5.34M
Equity
€829k ▼ 5.3%
Debt
€4.51M ▲ 2.3%
Debt's share of the balance-sheet total rises from 83.4% to 84.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€292k▼
2024 · €294k
Cash flow
€135k▼
2024 · €164k
Current ratio
0.05▼
2024 · 0.14
Debt to equity
5.45▲
2024 · 5.04
ROE
-5.6%▲
2024 · -9.7%
ROA
-0.9%▲
2024 · -1.6%
Interest coverage
1.86▼
2024 · 2.32
Debt ≤ 1 year
€1.65M▲
2024 · €1.40M
Debt > 1 year
€2.85M▼
2024 · €3.00M
Income taxes
€1▼
2024 · €3k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.29M€5.34M▲
Fixed assets21/28€5.10M€5.25M▲
Tangible fixed assets22/27€4.25M€4.41M▲
Land and buildings22€4.20M€4.36M▲
Plant, machinery and equipment23€53k€50k▼
Financial fixed assets28€845k€845k=
Current assets29/58€191k€90k▼
Amounts receivable within one year40/41€9k€3k▼
Trade receivables40-€3k
Other amounts receivable41€9k-
Cash at bank and in hand54/58€174k€81k▼
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€5.29M€5.34M▲
Equity10/15€875k€829k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€1.38M€1.38M=
Reserves13€5€5=
Non-distributable reserves130/1€5€5=
Legal reserve130€5€5=
Profit (loss) carried forward14€-571k€-618k▼
Amounts payable17/49€4.41M€4.51M▲
Amounts payable after more than one year17€3.00M€2.85M▼
Financial debts170/4€2.95M€2.78M▼
Other amounts payable178/9€54k€65k▲
Amounts payable within one year42/48€1.40M€1.65M▲
Current portion of amounts payable after more than one year42€239k€173k▼
Financial debts43€1.13M€1.09M▼
Credit institutions430/8€1.13M€1.09M▼
Trade debts44€18k€14k▼
Suppliers440/4€18k€14k▼
Other amounts payable47/48€6k€378k▲
Accrued charges and deferred income492/3€15k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249k€182k▼
Other operating charges640/8€33k€34k▲
Gross operating margin9900€327k€326k▼
Operating profit (loss)9901€45k€110k▲
Financial income75/76B€3€7▲
Recurring financial income75€3€7▲
Financial charges65/66B€126k€157k▲
Recurring financial charges65€126k€157k▲
Profit (loss) for the period before taxes9903€-82k€-47k▲
Income taxes67/77€3k€1▼
Profit (loss) for the period9904€-85k€-47k▲
Profit (loss) for the period to be appropriated9905€-85k€-47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-571k€-618k▼
Profit (loss) brought forward from the previous period14P€-486k€-571k▼
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €145k | €145k | €125k | €249k | €182k | ▼ 27.0% |
| Other operating charges640/8 | - | €27k | €29k | €33k | €34k | ▲ 3.2% |
| Gross operating margin9900 | €300k | €286k | €392k | €327k | €326k | ▼ 0.2% |
| Operating profit (loss)9901 | €131k | €113k | €238k | €45k | €110k | ▲ 146% |
| Financial income75/76B | - | - | - | €3 | €7 | ▲ 133% |
| Recurring financial income75 | €715 | - | - | €3 | €7 | ▲ 133% |
| Financial charges65/66B | - | €97k | €101k | €126k | €157k | ▲ 24.3% |
| Recurring financial charges65 | €112k | €97k | €101k | €126k | €157k | ▲ 24.3% |
| Profit (loss) for the period before taxes9903 | €19k | €16k | €137k | €-82k | €-47k | ▲ 42.7% |
| Income taxes67/77 | - | - | €29k | €3k | €1 | ▼ 100.0% |
| Profit (loss) for the period9904 | €19k | €16k | €108k | €-85k | €-47k | ▲ 45.0% |
| Profit (loss) for the period to be appropriated9905 | €19k | €16k | €108k | €-85k | €-47k | ▲ 45.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.76M | €4.58M | €4.45M | €5.29M | €5.34M | ▲ 1.0% |
| Fixed assets21/28 | €4.49M | €4.35M | €4.24M | €5.10M | €5.25M | ▲ 3.0% |
| Tangible fixed assets22/27 | €3.64M | €3.51M | €3.40M | €4.25M | €4.41M | ▲ 3.6% |
| Land and buildings22 | - | €3.48M | €3.36M | €4.20M | €4.36M | ▲ 3.7% |
| Plant, machinery and equipment23 | - | €30k | €40k | €53k | €50k | ▼ 5.5% |
| Financial fixed assets28 | €845k | €845k | €845k | €845k | €845k | = |
| Current assets29/58 | €277k | €223k | €203k | €191k | €90k | ▼ 52.7% |
| Amounts receivable within one year40/41 | €619 | €93 | €6k | €9k | €3k | ▼ 66.9% |
| Trade receivables40 | - | €93 | - | - | €3k | - |
| Other amounts receivable41 | - | - | €6k | €9k | - | - |
| Cash at bank and in hand54/58 | €271k | €209k | €176k | €174k | €81k | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | €14k | €22k | €8k | €7k | ▼ 15.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.76M | €4.58M | €4.45M | €5.29M | €5.34M | ▲ 1.0% |
| Equity10/15 | €837k | €853k | €960k | €875k | €829k | ▼ 5.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | - | €1.38M | €1.38M | €1.38M | €1.38M | = |
| Reserves13 | €5 | €5 | €5 | €5 | €5 | = |
| Non-distributable reserves130/1 | - | €5 | €5 | €5 | €5 | = |
| Legal reserve130 | - | €5 | €5 | €5 | €5 | = |
| Profit (loss) carried forward14 | €-610k | €-594k | €-486k | €-571k | €-618k | ▼ 8.2% |
| Amounts payable17/49 | €3.92M | €3.72M | €3.48M | €4.41M | €4.51M | ▲ 2.3% |
| Amounts payable after more than one year17 | €3.68M | €3.47M | €3.23M | €3.00M | €2.85M | ▼ 5.2% |
| Financial debts170/4 | - | €3.43M | €3.20M | €2.95M | €2.78M | ▼ 5.7% |
| Other amounts payable178/9 | - | €43k | €28k | €54k | €65k | ▲ 19.8% |
| Amounts payable within one year42/48 | €230k | €234k | €237k | €1.40M | €1.65M | ▲ 18.4% |
| Current portion of amounts payable after more than one year42 | - | €232k | €236k | €239k | €173k | ▼ 27.5% |
| Financial debts43 | - | - | - | €1.13M | €1.09M | ▼ 4.0% |
| Credit institutions430/8 | - | - | - | €1.13M | €1.09M | ▼ 4.0% |
| Trade debts44 | €2k | €367 | €752 | €18k | €14k | ▼ 20.5% |
| Suppliers440/4 | - | €367 | €752 | €18k | €14k | ▼ 20.5% |
| Other amounts payable47/48 | - | €2k | - | €6k | €378k | ▲ 5,811% |
| Accrued charges and deferred income492/3 | - | €17k | €20k | €15k | €15k | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €16k | €108k | €-85k | €-47k | ▲ 45.0% |
| + Depreciation and write-downs630 | €145k | €145k | €125k | €249k | €182k | ▼ 27.0% |
| Operating cash flow (approximation) | €164k | €161k | €233k | €164k | €135k | ▼ 17.6% |
| Investment in fixed assets (approximation) | - | €-14k | €-14k | €-1.10M | €-336k | ▲ 69.6% |
| Change in cash | - | €-62k | €-33k | €-2k | €-93k | ▼ 4,769% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 191 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-05
Financial
Highest result since 2019net €108k ▲587%
Operating result €238k, net result €108k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
31-05
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-05
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Elsene · 1 establishment unit since 1993
Ground area
463 m²
Building footprint
463 m²
Volume, LiDAR
6,928 m³
Parcel 21009A0402/00M000, Brussels · tallest building 29.7 m, ±6 floors. Linked by address, not a title deed.
35
companies at this address
See who is registered here
1 establishment unit
VALDIVIA NV
since 19932.131.010.321
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0402/00M000 | Brussels | 463 m² | 1 · 463 m² | 29.7 m · 6 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,161 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-01-1992
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.