VALEE
ActiveSummary
VALEE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €85,821 and a net result of -€12,126. Equity is growing by ~111.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-5
Solvency63▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.51 against 2.39 in 2023; short-term debt: 17% and cash: 3% of total assets), and 61.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
38.2%
Return on assets
-5.4%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€12,126
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
31 d late
2021
167 d early
2020
47 d early
2019
55 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€85,821▼ 12.4%
2023 · €97,947
Total assets
€224,830▼ 16.0%
2023 · €267,623
Net result
-€12,126▼ 242%
2023 · -€3,544
Working capital
-€18,670
2023 · €50,978
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,467▼ 38.1%€4,436€9,085▲ 105%-€31,738-€7,805▲ 75.4%
Net result-€1,715below the sector's middle half▼ 35.4%€3,045below the sector's middle half€1,428within the sector's middle half▼ 53.1%-€3,544within the sector's middle half-€12,126below the sector's middle half▼ 242%
Equity€3,218below the sector's middle half▼ 34.8%€18,663below the sector's middle half▲ 480%€101,491within the sector's middle half▲ 444%€97,947within the sector's middle half▼ 3.5%€85,821within the sector's middle half▼ 12.4%
Total assets€17,003below the sector's middle half▼ 7.6%€27,580below the sector's middle half▲ 62.2%€111,959below the sector's middle half▲ 306%€267,623within the sector's middle half▲ 139%€224,830within the sector's middle half▼ 16.0%
Debt€13,785▲ 2.3%€8,917▼ 35.3%€10,468▲ 17.4%€169,676▲ 1,521%€139,008▼ 18.1%
Working capital€2,224below the sector's middle half▼ 72.1%€16,143within the sector's middle half▲ 626%€93,093within the sector's middle half▲ 477%€50,978within the sector's middle half▼ 45.2%-€18,670below the sector's middle half
Solvency18.9%below the sector's middle half▼ 7.9pp67.7%within the sector's middle half▲ 48.7pp90.7%above the sector's middle half▲ 23.0pp36.6%within the sector's middle half▼ 54.1pp38.2%within the sector's middle half▲ 1.6pp
Current ratio2.34within the sector's middle half▼ 11.8718.93above the sector's middle half▲ 16.599.89above the sector's middle half▼ 9.042.39within the sector's middle half▼ 7.500.51below the sector's middle half▼ 1.88
Return on assets (ROA)-10.1%below the sector's middle half▼ 3.2pp11.0%within the sector's middle half▲ 21.1pp1.3%within the sector's middle half▼ 9.8pp-1.3%below the sector's middle half▼ 2.6pp-5.4%below the sector's middle half▼ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €7,805 in 2024 against €31,738 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €224,830
Fixed assets
€205,242 ▲ 14.1%
Current assets
€19,587 ▼ 77.7%
Equity and liabilities €224,830
Equity
€85,821 ▼ 12.4%
Debt
€139,008 ▼ 18.1%
Debt's share of the balance-sheet total falls from 63.4% to 61.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,115▲
2023 · -€14,147
Cash flow
-€7,436▼
2023 · €14,047
Debt to equity
1.62▼
2023 · 1.73
ROE
-14.1%▼
2023 · -3.6%
Interest coverage
-0.37▲
2023 · -1.74
Debt ≤ 1 year
€38,257▲
2023 · €36,712
Debt > 1 year
€100,097▼
2023 · €132,833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €428 | €2,585 | €476 | €17,591 | €4,690 | ▼ 73.3% |
| Other operating charges640/8 | - | - | €815 | €1,431 | €1,325 | ▼ 7.4% |
| Non-recurring operating charges66A | - | - | €578 | €796 | €303 | ▼ 62.0% |
| Gross operating margin9900 | €20,193 | €7,663 | €10,954 | -€11,920 | -€1,487 | ▲ 87.5% |
| Operating profit (loss)9901 | -€1,467 | €4,436 | €9,085 | -€31,738 | -€7,805 | ▲ 75.4% |
| Financial income75/76B | - | - | €656 | €36,568 | €4,143 | ▼ 88.7% |
| Recurring financial income75 | - | - | €656 | €36,568 | €4,143 | ▼ 88.7% |
| Financial charges65/66B | - | - | €5,786 | €8,151 | €8,464 | ▲ 3.8% |
| Recurring financial charges65 | €248 | - | €2,736 | €8,151 | €8,464 | ▲ 3.8% |
| Non-recurring financial charges66B | - | - | €3,050 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1,715 | €3,945 | €3,955 | -€3,320 | -€12,126 | ▼ 265% |
| Income taxes67/77 | - | €900 | €2,526 | €224 | - | - |
| Profit (loss) for the period9904 | -€1,715 | €3,045 | €1,428 | -€3,544 | -€12,126 | ▼ 242% |
| Profit (loss) for the period to be appropriated9905 | -€1,715 | €3,045 | €1,428 | -€3,544 | -€12,126 | ▼ 242% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,003 | €27,580 | €111,959 | €267,623 | €224,830 | ▼ 16.0% |
| Fixed assets21/28 | €13,121 | €10,537 | €8,398 | €179,932 | €205,242 | ▲ 14.1% |
| Intangible fixed assets21 | €450 | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €2,838 | €703 | €1,605 | €113,139 | €108,449 | ▼ 4.1% |
| Land and buildings22 | - | - | - | €108,596 | €105,642 | ▼ 2.7% |
| Furniture and vehicles24 | - | - | €1,605 | €4,543 | €2,807 | ▼ 38.2% |
| Financial fixed assets28 | €9,833 | €9,833 | €6,793 | €66,793 | €96,793 | ▲ 44.9% |
| Current assets29/58 | €3,881 | €17,043 | €103,561 | €87,691 | €19,587 | ▼ 77.7% |
| Amounts receivable within one year40/41 | €104 | - | €16,588 | €80,521 | €11,703 | ▼ 85.5% |
| Trade receivables40 | - | - | €5,445 | €21,672 | €1,851 | ▼ 91.5% |
| Other amounts receivable41 | - | - | €11,143 | €58,849 | €9,852 | ▼ 83.3% |
| Current investments50/53 | - | €16,081 | €85,009 | €9 | €9 | = |
| Cash at bank and in hand54/58 | €3,778 | €962 | - | €6,284 | €6,849 | ▲ 9.0% |
| Deferred charges and accrued income490/1 | - | - | €1,963 | €876 | €1,025 | ▲ 17.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,003 | €27,580 | €111,959 | €267,623 | €224,830 | ▼ 16.0% |
| Equity10/15 | €3,218 | €18,663 | €101,491 | €97,947 | €85,821 | ▼ 12.4% |
| Contributions10/11 | €6,200 | - | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | - | - | €1,491 | €1,491 | €1,491 | = |
| Distributable reserves133 | - | - | €1,491 | €1,491 | €1,491 | = |
| Profit (loss) carried forward14 | -€2,982 | €63 | - | -€3,544 | -€15,670 | ▼ 342% |
| Amounts payable17/49 | €13,785 | €8,917 | €10,468 | €169,676 | €139,008 | ▼ 18.1% |
| Amounts payable after more than one year17 | €12,128 | €8,017 | - | €132,833 | €100,097 | ▼ 24.6% |
| Financial debts170/4 | - | - | - | €112,833 | €100,097 | ▼ 11.3% |
| Other amounts payable178/9 | - | - | - | €20,000 | - | - |
| Amounts payable within one year42/48 | €1,657 | €900 | €10,468 | €36,712 | €38,257 | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,114 | €12,736 | ▲ 5.1% |
| Financial debts43 | - | - | €2,964 | €8,271 | €4,045 | ▼ 51.1% |
| Credit institutions430/8 | - | - | €2,964 | €8,271 | €4,045 | ▼ 51.1% |
| Trade debts44 | - | €32 | €3,929 | €4,958 | €8,377 | ▲ 68.9% |
| Suppliers440/4 | - | - | €3,929 | €4,958 | €8,377 | ▲ 68.9% |
| Taxes, remuneration and social security45 | - | - | €3,574 | €1,919 | €3,308 | ▲ 72.4% |
| Taxes450/3 | - | - | €3,574 | €1,919 | €3,308 | ▲ 72.4% |
| Other amounts payable47/48 | - | - | - | €9,451 | €9,791 | ▲ 3.6% |
| Accrued charges and deferred income492/3 | - | - | - | €130 | €655 | ▲ 402% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,715 | €3,045 | €1,428 | -€3,544 | -€12,126 | ▼ 242% |
| + Depreciation and write-downs630 | €428 | €2,585 | €476 | €17,591 | €4,690 | ▼ 73.3% |
| Operating cash flow (approximation) | -€1,287 | €5,630 | €1,904 | €14,047 | -€7,436 | ▼ 153% |
| Investment in fixed assets (approximation) | - | €0 | €1,663 | -€189,125 | -€30,000 | ▲ 84.1% |
| Change in cash | - | -€2,816 | - | - | €565 | - |
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
2026
08-09
State Gazette act
Incorporation · Founder
Name clause · Registered office clause
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€12,126
Net result drops to -€12,126, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €100,000Eq €101,491 ▲444%
2 profitable years in a row build equity to €101,491.
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3,045
Net result €3,045 after 2 loss-making years.
31-12
Financial
Liquidity times 8current ratio 18.93
Current ratio from 2.34 to 18.93; short-term debt falls from €1,657 to €900.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2018
Ground area
745 m²
Building footprint
130 m²
Volume, LiDAR
705 m³
Parcel 46016C0982/00E000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VALEE
since 20182.275.133.614
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016C0982/00E000 | Flanders | 745 m² | 1 · 130 m² | 8.5 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
38.82%
-
33.33%
According to the 2024 annual accounts of VALEE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
98450047CF6DEBJC5F59
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,584 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
Founded03-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693865546
Also
9925:BE0693865546
Registered
19-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.