Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Of this, €117.6m falls due within a year.
Between 2018 and 2025, 49% of the full-time equivalents disappeared.
Valeo Vision Belgique pays its suppliers 2 days earlier than in 2024. Customers pay 30 days later.
Lower net result than 95% of companies in computer and electronic products. Sector median €109,628 · 173 companies.
The dashed line is the sector median: 0.2% across 12 companies (NACE 26, large).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (all companies). It does better than 3% of them on solvency, 1% on liquidity, 10% on profitability and 23% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 7,425 companies had the same profile as Valeo Vision Belgique has now. Each dot stands for 19 companies, two years later.
Another 1.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Valeo Vision Belgique itself: 1.9% within 12 months.
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 7,425 companies, not a prediction for Valeo Vision Belgique. 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.
Liquidity is insufficient, with a current ratio of 0.26 (0.23 in 2024), below 1. Short-term debt is 139.8% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 42 days before the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Valeo Vision Belgique Ath | €94.7m | -11.2% | -49.3% | 553 |
| THALES ALENIA SPACE BELGIUM Charleroi | €60.0m | -70.9% | 34.3% | 485.2 |
| CONNECT GROUP Kampenhout | €116.8m | -11.4% | 28.6% | 212.6 |
| Psicontrol Ypres | €75.1m | 12.1% | 85.7% | 157.7 |
| TE Connectivity Belgium Oostkamp | €191.8m | 6.5% | 61.8% | 684.1 |
| C-MAC ELECTROMAG Ronse | €40.4m | 12.2% | 39.4% | 157.6 |
| Rolls-Royce Solutions Liège Grâce-Hollogne | €47.9m | -2.1% | 27.4% | 139.1 |
Grey: the largest companies of the sector (computer and electronic products (NACE 26)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Valeo Vision Belgique: manufacture of computer, electronic and optical products (NACE 26110). They are comparable in size and age: total assets between €32m and €212m, founded between 1973 and 1999.
Valeo Vision Belgique has existed since 1969. Turnover fell from €154.1m in 2006 to €94.7m in 2025 and staff from 851.6 to 553 full-time equivalents.
Solvency fell in 2025 from -42.0% to -49.3% because of the loss.
Valeo Bayen, société par actions simplifiées de droit frança holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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