Valentin Construct
ActiveSummary
The computed 12-month bankruptcy probability of Valentin Construct is 10.3% (high). For Valentin Construct, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €12,355 and a net result of €2,404. Equity is growing by ~11.8% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability67▲+8
Solvency85▲+19
Growth68=
Track record84
Bankruptcy probability, 12 months
10.3%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk
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 · 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 2023Solvency, return and age of the figures
Solvency
60.2%
Return on assets
11.7%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-03-2025, 238 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
238 d late
2022
603 d late
2021
968 d late
2020
1333 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 786 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckStrikeout withdrawn
History
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Financials · fiscal year 2023, micro schema
Turnover
€119,367▲ 17.0%
2022 · €102,000
EBIT margin
3.1%▲ 0.9pp
2022 · 2.2%
Net result
€2,404▲ 166%
2022 · €905
Working capital
€12,246▼ 25.7%
2022 · €16,475
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Turnover€56,045-€113,904▲ 103%€102,000▼ 10.5%€119,367▲ 17.0%
Operating result€10,935-€2,158▼ 80.3%€2,234▲ 3.5%€3,707▲ 65.9%
Net result€8,343-€604▼ 92.8%€905▲ 49.9%€2,404▲ 166%
EBIT margin19.5%-1.9%▼ 17.6pp2.2%▲ 0.3pp3.1%▲ 0.9pp
Equity€8,443-€9,046▲ 7.1%€9,951▲ 10.0%€12,355▲ 24.2%
Total assets€93,259-€23,134▼ 75.2%€24,015▲ 3.8%€20,514▼ 14.6%
Debt€84,816-€7,088▼ 91.6%€7,064▼ 0.3%€8,159▲ 15.5%
Working capital€8,443-€15,204▲ 80.1%€16,475▲ 8.4%€12,246▼ 25.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 66% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €20,514
Fixed assets
€109 ▼ 77.0%
Current assets
€20,404 ▼ 13.3%
Equity and liabilities €20,514
Equity
€12,355 ▲ 24.2%
Provisions
€0 ▼ 100%
Debt
€8,159 ▲ 15.5%
Debt's share of the balance-sheet total rises from 29.4% to 39.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4,073▲
2022 · €2,601
Cash flow
€2,770▲
2022 · €1,271
Current ratio
2.50▼
2022 · 3.33
Debt to equity
0.66▼
2022 · 0.71
ROE
19.5%▲
2022 · 9.1%
ROA
11.7%▲
2022 · 3.8%
Interest coverage
100.57▲
2022 · 44.44
Debt ≤ 1 year
€8,159▲
2022 · €7,064
Income taxes
€1,262▼
2022 · €1,307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Turnover70 | €56,045 | €113,904 | €102,000 | €119,367 | ▲ 17.0% |
| Non-recurring operating income76A | - | - | - | €203 | - |
| Goods, raw materials, services and sundry goods60/61 | €45,011 | €102,166 | €96,674 | €115,177 | ▲ 19.1% |
| Remuneration, social security and pensions62 | - | €208 | €1,704 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €257 | €366 | €366 | = |
| Other operating charges640/8 | €99 | €2,115 | €1,020 | €321 | ▼ 68.6% |
| Non-recurring operating charges66A | - | €7,000 | - | - | - |
| Gross operating margin9900 | €11,034 | €11,738 | €5,326 | €4,394 | ▼ 17.5% |
| Operating profit (loss)9901 | €10,935 | €2,158 | €2,234 | €3,707 | ▲ 65.9% |
| Financial income75/76B | - | €49 | €36 | - | - |
| Recurring financial income75 | - | €49 | €36 | - | - |
| Financial charges65/66B | - | €17 | €59 | €41 | ▼ 30.8% |
| Recurring financial charges65 | - | €17 | €59 | €41 | ▼ 30.8% |
| Profit (loss) for the period before taxes9903 | €10,935 | €2,191 | €2,212 | €3,666 | ▲ 65.7% |
| Income taxes67/77 | €2,592 | €1,587 | €1,307 | €1,262 | ▼ 3.4% |
| Profit (loss) for the period9904 | €8,343 | €604 | €905 | €2,404 | ▲ 166% |
| Profit (loss) for the period to be appropriated9905 | €8,343 | €604 | €905 | €2,404 | ▲ 166% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €93,259 | €23,134 | €24,015 | €20,514 | ▼ 14.6% |
| Fixed assets21/28 | - | €842 | €476 | €109 | ▼ 77.0% |
| Tangible fixed assets22/27 | - | €842 | €476 | €109 | ▼ 77.0% |
| Plant, machinery and equipment23 | - | €842 | €476 | €109 | ▼ 77.0% |
| Current assets29/58 | €93,259 | €22,292 | €23,540 | €20,404 | ▼ 13.3% |
| Amounts receivable within one year40/41 | €92,126 | €11,687 | €18,109 | €18,767 | ▲ 3.6% |
| Trade receivables40 | €92,126 | €10,650 | €13,639 | €8,938 | ▼ 34.5% |
| Other amounts receivable41 | - | €1,037 | €4,470 | €9,829 | ▲ 120% |
| Cash at bank and in hand54/58 | €1,134 | €9,224 | €3,827 | €1,564 | ▼ 59.1% |
| Deferred charges and accrued income490/1 | - | €1,381 | €1,604 | €73 | ▼ 95.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €93,259 | €23,134 | €24,015 | €20,514 | ▼ 14.6% |
| Equity10/15 | €8,443 | €9,046 | €9,951 | €12,355 | ▲ 24.2% |
| Contributions10/11 | €100 | €100 | €100 | €100 | = |
| Capital10 | €100 | - | - | - | - |
| Issued capital100 | €2,000 | - | - | - | - |
| Uncalled capital101 | €1,900 | - | - | - | - |
| Outside capital11 | - | €100 | €100 | €100 | = |
| Other1109/19 | - | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €8,343 | €8,946 | €9,851 | €12,255 | ▲ 24.4% |
| Provisions and deferred taxes16 | - | €7,000 | €7,000 | - | - |
| Provisions for liabilities and charges160/5 | - | €7,000 | €7,000 | - | - |
| Taxes161 | - | €7,000 | €7,000 | - | - |
| Amounts payable17/49 | €84,816 | €7,088 | €7,064 | €8,159 | ▲ 15.5% |
| Amounts payable within one year42/48 | €84,816 | €7,088 | €7,064 | €8,159 | ▲ 15.5% |
| Trade debts44 | €14,011 | €619 | €1,908 | €4,002 | ▲ 110% |
| Suppliers440/4 | €14,011 | €619 | €1,908 | €4,002 | ▲ 110% |
| Taxes, remuneration and social security45 | €2,592 | €1,587 | €2,895 | €4,157 | ▲ 43.6% |
| Taxes450/3 | €2,592 | €1,587 | €2,895 | €4,157 | ▲ 43.6% |
| Other amounts payable47/48 | €68,214 | €4,881 | €2,262 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,343 | €604 | €905 | €2,404 | ▲ 166% |
| + Depreciation and write-downs630 | - | €257 | €366 | €366 | = |
| Operating cash flow (approximation) | €8,343 | €860 | €1,271 | €2,770 | ▲ 118% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €8,090 | -€5,397 | -€2,263 | ▲ 58.1% |
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
2025
18-11
KBO administration
Address struck
04-04
KBO administration
Strikeout withdrawn
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 238 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 603 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 968 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1333 days late
2021
31-12
Financial
Weakest financial yearnet €604 ▼92.8%
Net result drops to €604, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.15
Current ratio from 1.10 to 3.15; short-term debt falls from €84,816 to €7,088.
SignalFinancial 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, Herent · 1 establishment unit since 2020
Ground area
184 m²
Building footprint
142 m²
Volume, LiDAR
731 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PASCU CONSTRUCT
since 20202.303.323.002
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24127E0021/00Y006 | Flanders | 129 m² | 1 · 77 m² | 6.0 m · 2 fl. |
| 12040A0979/00C002 | Flanders | 55 m² | 1 · 65 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded21-01-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.