VALGA DISTRIBUTION
ActiveSummary
VALGA DISTRIBUTION is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3,931 and a net result of -€77,599. Equity is shrinking by ~47.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 7% of 5593 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 5593 sector peers (2025).
NBB · sector comparisonPosition among 5593 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 July (3 of the last 3 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€3,931▼ 95.2%
2024 · €81,530
Net result
-€77,599
2024 · €13,733
Total assets
€207,538▲ 1.8%
2024 · €203,860
Solvency
1.9%▼ 38.1pp
2024 · 40.0%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€27,291-€32,804▲ 20.2%-€65,943
Net result€12,797within the sector's middle half-€13,733within the sector's middle half▲ 7.3%-€77,599below the sector's middle half
Equity€67,797below the sector's middle half-€81,530below the sector's middle half▲ 20.3%€3,931below the sector's middle half▼ 95.2%
Total assets€297,041below the sector's middle half-€203,860below the sector's middle half▼ 31.4%€207,538below the sector's middle half▲ 1.8%
Debt€229,245-€122,329▼ 46.6%€203,607▲ 66.4%
Working capital€63,584within the sector's middle half-€78,026within the sector's middle half▲ 22.7%-€20,512within the sector's middle half
Solvency22.8%below the sector's middle half-40.0%within the sector's middle half▲ 17.2pp1.9%below the sector's middle half▼ 38.1pp
Current ratio1.28within the sector's middle half-1.64within the sector's middle half▲ 0.360.89within the sector's middle half▼ 0.74
Return on assets (ROA)4.3%within the sector's middle half-6.7%within the sector's middle half▲ 2.4pp-37.4%below the sector's middle half▼ 44.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €65,943 after €32,804 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207,538
Fixed assets
€34,317 ▲ 879%
Current assets
€173,221 ▼ 13.5%
Equity and liabilities €207,538
Equity
€3,931 ▼ 95.2%
Debt
€203,607 ▲ 66.4%
Debt's share of the balance-sheet total rises from 60.0% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt ≤ 1 year
€193,733▲
2024 · €122,329
Debt > 1 year
€9,874
Income taxes
€77▼
2024 · €7,898
Staff costs
€135
A ratio outside any meaningful range has been withheld (balance sheet total €207,538, equity €3,931).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €135 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €907 | €1,353 | €3,035 | ▲ 124% |
| Other operating charges640/8 | €8,926 | €6,178 | €6,509 | ▲ 5.4% |
| Gross operating margin9900 | €37,123 | €40,336 | -€56,264 | ▼ 239% |
| Operating profit (loss)9901 | €27,291 | €32,804 | -€65,943 | ▼ 301% |
| Financial income75/76B | - | €7 | €3 | ▼ 62.0% |
| Recurring financial income75 | - | €7 | €3 | ▼ 62.0% |
| Financial charges65/66B | €9,905 | €11,180 | €11,583 | ▲ 3.6% |
| Recurring financial charges65 | €9,905 | €11,180 | €11,583 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €17,386 | €21,631 | -€77,523 | ▼ 458% |
| Income taxes67/77 | €4,589 | €7,898 | €77 | ▼ 99.0% |
| Profit (loss) for the period9904 | €12,797 | €13,733 | -€77,599 | ▼ 665% |
| Profit (loss) for the period to be appropriated9905 | €12,797 | €13,733 | -€77,599 | ▼ 665% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €297,041 | €203,860 | €207,538 | ▲ 1.8% |
| Fixed assets21/28 | €4,212 | €3,504 | €34,317 | ▲ 879% |
| Intangible fixed assets21 | €2,846 | €2,021 | €612 | ▼ 69.7% |
| Tangible fixed assets22/27 | €167 | €284 | €32,505 | ▲ 11,360% |
| Plant, machinery and equipment23 | €167 | €284 | €12,473 | ▲ 4,297% |
| Furniture and vehicles24 | - | - | €8,321 | - |
| Other tangible fixed assets26 | - | - | €11,711 | - |
| Financial fixed assets28 | €1,200 | €1,200 | €1,200 | = |
| Current assets29/58 | €292,829 | €200,355 | €173,221 | ▼ 13.5% |
| Stocks and contracts in progress3 | €45,816 | €77,719 | €99,973 | ▲ 28.6% |
| Stocks30/36 | €45,816 | €77,719 | €99,973 | ▲ 28.6% |
| Amounts receivable within one year40/41 | €229,306 | €100,006 | €54,485 | ▼ 45.5% |
| Trade receivables40 | €228,346 | €98,087 | €54,485 | ▼ 44.5% |
| Other amounts receivable41 | €960 | €1,920 | - | - |
| Cash at bank and in hand54/58 | €17,707 | €22,630 | €18,764 | ▼ 17.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €297,041 | €203,860 | €207,538 | ▲ 1.8% |
| Equity10/15 | €67,797 | €81,530 | €3,931 | ▼ 95.2% |
| Contributions10/11 | €55,000 | €55,000 | €55,000 | = |
| Profit (loss) carried forward14 | €12,797 | €26,530 | -€51,069 | ▼ 292% |
| Amounts payable17/49 | €229,245 | €122,329 | €203,607 | ▲ 66.4% |
| Amounts payable after more than one year17 | - | - | €9,874 | - |
| Financial debts170/4 | - | - | €9,874 | - |
| Amounts payable within one year42/48 | €229,245 | €122,329 | €193,733 | ▲ 58.4% |
| Financial debts43 | €100,000 | €75,000 | €150,000 | ▲ 100% |
| Credit institutions430/8 | €100,000 | €75,000 | €150,000 | ▲ 100% |
| Trade debts44 | €113,365 | €19,859 | €14,847 | ▼ 25.2% |
| Suppliers440/4 | €113,365 | €19,859 | €14,847 | ▼ 25.2% |
| Taxes, remuneration and social security45 | €15,831 | €12,487 | €13,843 | ▲ 10.9% |
| Taxes450/3 | €15,831 | €12,487 | €13,843 | ▲ 10.9% |
| Other amounts payable47/48 | €49 | €14,984 | €15,044 | ▲ 0.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,797 | €13,733 | -€77,599 | ▼ 665% |
| + Depreciation and write-downs630 | €907 | €1,353 | €3,035 | ▲ 124% |
| Operating cash flow (approximation) | €13,703 | €15,087 | -€74,564 | ▼ 594% |
| Investment in fixed assets (approximation) | - | -€645 | -€33,848 | ▼ 5,148% |
| Change in cash | - | €4,922 | -€3,866 | ▼ 179% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€77,599
Net result drops to -€77,599, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2023net €13,733 ▲7.3%
Operating result €32,804, net result €13,733, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Boussu · 2 establishment units since 2023
Ground area
737 m²
Building footprint
269 m²
Volume, LiDAR
1,573 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
VALGA DISTRIBUTION
since 20232.340.814.787
ITAL-MARKET
since 20262.384.890.795
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53041A0030/00M011 | Wallonia | 626 m² | 1 · 176 m² | 5.0 m · 1 fl. |
| 53041A0030/00M008 | Wallonia | 111 m² | 1 · 93 m² | 10.9 m · 3 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
Food safety, FASFC
1 siteBoussu2.340.814.787
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 2,763 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded24-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797568246
Also
9925:BE0797568246
Registered
10-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.