Equity
-€41.5m
Debts exceed assets in financial year 2025.
Valeo Vision Belgique
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €213.4m (2011)
€94.7m▼ 7.7%
lowest -€12.2m (2025)
-€12.2m▼ €1.4m
peak €17.5m (2006)
-€41.5m▼ €12.2m
€125.3m▲ 27.0%
peak 1,075.7 FTE (2018)
553 FTE▼ 8.3%
Board6 names since 2020
3 directorsJosé Malhão Mendes and 2 others
Owners7 names in the annual accountsall names
99.99%Valeo Bayen, société par actions simplifiées de droit frança and 1 other
Documentsfilings and deeds
17-06-202644 days before the deadline
2025financial year
Loss of €12.2mStaff from 603.2 FTE to 553 FTE3 directors reappointed, 1 statutory auditor reappointed 24-06Equity from -€29.4m to -€41.5mDebts from €98.7m to €125.3m
Key points
from the 2025 annual accountsLosses
-€42.0m in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€125.3m 149% of the balance sheet
Suppliers 18%Taxes and wages 5%Other 77%
Of this, €117.6m falls due within a year.
Staff
553 FTE from 1,075.7 in 2018
Between 2018 and 2025, 49% of the full-time equivalents disappeared.
Payment terms
108 days to suppliers
Valeo Vision Belgique pays its suppliers 2 days earlier than in 2024. Customers pay 30 days later.
Position in the sector
-€12.2m
Lower net result than 95% of companies in computer and electronic products. Sector median €109,628 · 173 companies.
Checked score
51
Fair
Financially stronger than 9% of all companies
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
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).
Last 24 months
12-2024: 1.8%lowest value
01-2025: 1.8%● unchanged vs 12-2024lowest value
02-2025: 1.8%● unchanged vs 01-2025lowest value
03-2025: 1.9%▲ +0.1 percentage points vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 1.9%● unchanged vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 2.0%▲ +0.1 percentage points vs 02-2026
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 2.0%● unchanged vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026highest value
07-2026: 1.9%▼ -0.1 percentage points vs 06-2026
08-2026: 1.9%● unchanged vs 07-2026
09-2026: 1.9%● unchanged vs 08-2026
10-2026: 1.9%● unchanged vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€41.5m
Loss of €12.2m, the second in a row (financial year 2025)
Liquidity: current ratio 0.26
lowers risk
Size: turnover €94.7m, 553 FTE, total assets €84.2m
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 (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).
Comparable companies, two years later
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.
84.4%
were still trading
9.6%
stopped another way
4.8%
went bankrupt
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.
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 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.
Credit verdict
No credit on open account
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.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€41.5m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
45 days early
2023
42 days early
2022
46 days early
2021
51 days early
2020
37 days early
2019
32 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 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Valeo Bayen, société par actions simplifiées de droit frança 99.99%annual accounts 2025
- Valeo SA (siret 55203096700152) consolidatesannual accounts 2020
- Equipement 1, société par actions simplifiées de droit franç 0.01%annual accounts 2025
Recent changes
1 director appointed, 1 resignation, 2 reappointments
Reappointments: Laurent Evrard and José Malhão Mendes · Resignation: Maurizio Martinelli · Appointment: Jean-Luc Terrasse · General meeting of 05-06-2026 · Gazette deed
3 directors reappointed, 1 statutory auditor reappointed
Laurent Evrard, José Malhão Mendes, Maurizio Martinelli and EY Réviseurs d'Entreprises (statutory auditor) · General meeting of 06-06-2025 · Gazette deed
3 directors reappointed
Laurent Evrard, José Malhão Mendes and Maurizio Martinelli · General meeting of 07-06-2024 · Gazette deed
Amendment of the articles
Capital after the increase: FRANCS 30,000,000, 10,000 new shares · Capital after the increase: FRANCS 50,000,000, 20,000 new shares · Capital from FRANCS 50,000,000 to FRANCS 100,000,000, 50,000 new shares · General meeting of 14-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| 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.
Official details
Source: KBO- Status
- Active since 29-12-1969Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26110and 3 others
- Joint committees
- 209White-collar workers in metal manufacturing
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.003.769.0857822 Ath, since 01-03-1970
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €84.2m▲ 20.5%
- Employeeson 31-12-2025
- 556▼ 7.5%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on Valeo Vision Belgique
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.
Key facts about Valeo Vision Belgique
- What is the company number of Valeo Vision Belgique?
- The company number of Valeo Vision Belgique is 0407.003.090. The VAT number is the same number with BE in front: BE 0407.003.090.
- Where is Valeo Vision Belgique based?
- The registered office is at Rue du Parc Industriel (M.E) 31, 7822 Ath.Company details
- What does Valeo Vision Belgique do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26110).
- What is the legal form of Valeo Vision Belgique?
- Valeo Vision Belgique is a public limited company (NV).
- When was Valeo Vision Belgique founded?
- Valeo Vision Belgique was founded on 29-12-1969.
- Is Valeo Vision Belgique still active?
- Yes, Valeo Vision Belgique is an active enterprise in the KBO register.
- How many employees does Valeo Vision Belgique have?
- Valeo Vision Belgique had an average of 553 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Valeo Vision Belgique fall under?
- In its 2025 annual accounts, Valeo Vision Belgique states joint committees 209 (White-collar workers in metal manufacturing) and 111 (Metal, mechanical and electrical engineering).
- What is the turnover of Valeo Vision Belgique?
- The turnover of Valeo Vision Belgique was €94.7m in financial year 2025, according to the filed annual accounts.
- Is Valeo Vision Belgique profitable?
- In financial year 2025, Valeo Vision Belgique made a loss of €12.2m.
- Where can I find the annual accounts of Valeo Vision Belgique?
- Valeo Vision Belgique filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Valeo Vision Belgique due?
- Valeo Vision Belgique must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.