VALERCO
ActiveVALERCO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €771k and a net result of €48k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 11% of 6007 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability20▲+1
Solvency14▼-1
Growth32▲+4
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity short (current ratio 0.97 against 0.99 in 2023), and 94.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5.2%
Return on assets
0.3%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 6007 sector peers (2024).
NBB · sector comparisonPosition among 6007 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
21 d late
2022
31 d late
2021
10 d late
2020
10 d late
2019
41 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€52.37M▲ 12.8%
2023 · €46.43M
2018: €53.20M
2021: €39.34M
2022: €47.52M
2023: €46.43M
2018 → 2024
EBIT margin
0.8%▲ 0.3pp
2023 · 0.5%
2018: 0.5%
2021: 0.5%
2022: 0.5%
2023: 0.5%
2018 → 2024
Net result
€48k▲ 18.3%
2023 · €41k
2018: €137k
2021: €70k
2022: €172k
2023: €41k
2018 → 2024
Working capital
€-268k▼ 365%
2023 · €-58k
2018: €1.59M
2021: €487k
2022: €528k
2023: €-58k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182021202220232024Trend
Turnover€53.20M-€39.34M▼ 26.1%€47.52M▲ 20.8%€46.43M▼ 2.3%€52.37M▲ 12.8%
Equity€1.81M-€655k▼ 63.8%€682k▲ 4.1%€722k▲ 6.0%€771k▲ 6.7%
Operating result€259k-€189k▼ 27.2%€217k▲ 15.1%€231k▲ 6.3%€411k▲ 78.3%
Net result€137k-€70k▼ 49.2%€172k▲ 146%€41k▼ 76.3%€48k▲ 18.3%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 78% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.95M
Fixed assets
€6.16M▲ 0.4%
Current assets
€8.79M▲ 66.8%
Equity and liabilities €14.95M
Equity
€771k▲ 6.7%
Debt
€14.18M▲ 32.7%
The debt ratio rises from 93.7% to 94.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€443k▲
2023 · €262k
Cash flow
€80k▲
2023 · €72k
Solvency
5.2%▼
2023 · 6.3%
Current ratio
0.97▼
2023 · 0.99
Quick ratio
0.93▼
2023 · 0.95
Debt / equity
18.40▲
2023 · 14.79
ROE
6.2%▲
2023 · 5.6%
ROA
0.3%▼
2023 · 0.4%
Interest coverage
0.87▼
2023 · 1.02
Debt
€14.18M▲
2023 · €10.68M
Debt ≤ 1 year
€9.06M▲
2023 · €5.33M
Debt > 1 year
€4.83M▼
2023 · €5.30M
Income taxes
€9k▼
2023 · €12k
Staff costs
€567k▲
2023 · €525k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€11.41M€14.95M▲
Fixed assets21/28€6.13M€6.16M▲
Tangible fixed assets22/27€128k€127k▼
Plant, machinery and equipment23€126k€123k▼
Furniture and vehicles24€2k€4k▲
Financial fixed assets28€6.01M€6.03M▲
Affiliated companies280/1€6.00M€6.03M▲
Participating interests280€6.00M€6.03M▲
Other financial fixed assets284/8€6k€6k=
Amounts receivable and cash guarantees285/8€6k€6k=
Current assets29/58€5.27M€8.79M▲
Stocks and contracts in progress3€218k€353k▲
Stocks30/36€218k€353k▲
Goods purchased for resale34€218k€353k▲
Amounts receivable within one year40/41€4.15M€7.61M▲
Trade receivables40€3.41M€3.89M▲
Other amounts receivable41€739k€3.72M▲
Cash at bank and in hand54/58€565k€516k▼
Deferred charges and accrued income490/1€338k€314k▼
Equity and liabilities
Total equity and liabilities10/49€11.41M€14.95M▲
Equity10/15€722k€771k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€654k€702k▲
Amounts payable17/49€10.68M€14.18M▲
Amounts payable after more than one year17€5.30M€4.83M▼
Financial debts170/4€5.30M€4.83M▼
Credit institutions173€2.30M€1.83M▼
Other loans174€3.00M€3.00M=
Amounts payable within one year42/48€5.33M€9.06M▲
Current portion of amounts payable after more than one year42€449k€474k▲
Financial debts43-€3.25M
Other loans439-€3.25M
Trade debts44€4.78M€5.27M▲
Suppliers440/4€4.78M€5.27M▲
Taxes, remuneration and social security45€101k€67k▼
Taxes450/3€35k€11k▼
Remuneration and social security454/9€66k€56k▼
Accrued charges and deferred income492/3€54k€294k▲
Income statement
Code20232024
Operating income70/76A€47.11M€53.26M▲
Turnover70€46.43M€52.37M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-61k€0▲
Other operating income74€741k€888k▲
Operating charges60/66A€46.88M€52.85M▲
Goods for resale, raw materials and consumables60€40.14M€46.75M▲
Purchases600/8€40.20M€46.88M▲
Change in stocks: decrease (increase)609€-52k€-134k▼
Services and other goods61€6.17M€5.50M▼
Remuneration, social security and pensions62€525k€567k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€32k▲
Other operating charges640/8€727€607▼
Operating profit (loss)9901€231k€411k▲
Financial income75/76B€81k€200k▲
Recurring financial income75€81k€200k▲
Income from financial fixed assets750€30k-
Income from current assets751-€156k
Other financial income752/9€51k€44k▼
Financial charges65/66B€259k€554k▲
Recurring financial charges65€259k€554k▲
Debt charges650€256k€509k▲
Other financial charges652/9€3k€46k▲
Profit (loss) for the period before taxes9903€53k€57k▲
Income taxes67/77€12k€9k▼
Taxes670/3€12k€9k▼
Profit (loss) for the period9904€41k€48k▲
Profit (loss) for the period to be appropriated9905€41k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€654k€702k▲
Profit (loss) brought forward from the previous period14P€614k€654k▲
Social balance
Average headcount (FTE)90876.56.3▼
The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 82 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet €41k ▼76.3%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €172k ▲146%
Net result €172k, the highest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Kontich · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Duffelsesteenweg 164b2550 KontichGround area
5,366 m²
Building footprint
1,701 m²
Volume, LiDAR
10,667 m³
Parcel 11602E0077/00E000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VALERCO
since 20022.114.724.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0077/00E000 | Flanders | 5,366 m² | 1 · 1,701 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,850 EUR awarded · 2,850 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,850 EUR | 2,850 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKontich2.114.724.120
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Of 1,894 companies in sector 46460 we hold annual accounts for 1,114. 764 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-10-2002
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
70200Business and other management consultancy
70220Business consulting
74142
46170Agents in the wholesale of food, beverages and tobacco
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@valerco.be