VALGY
ActiveSummary
The annual accounts of VALGY for fiscal year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €13,570 and a net result of -€15,866. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 9354 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-4
Solvency27▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.02 against 0.01 in 2024; short-term debt: 97.7% and cash: 1.6% of total assets), and 97.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
2.3%
Return on assets
-2.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€15,866
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9354 sector peers (2025).
NBB · sector comparisonPosition among 9354 sector peers
Solvency
better than 20%
← 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
28 d late
2022
31 d late
2021
27 d late
2020
89 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€13,570▼ 53.9%
2024 · €29,435
Total assets
€587,632▼ 6.1%
2024 · €625,891
Net result
-€15,866▼ 38.6%
2024 · -€11,450
Working capital
-€561,704▲ 4.5%
2024 · -€588,448
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 68, Real estate activities, 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
Line20212022202320242025
Operating result€19,488▲ 447%€22,324▲ 14.6%€5,745▼ 74.3%€610▼ 89.4%-€3,806
Net result€7,428within the sector's middle half€10,264within the sector's middle half▲ 38.2%-€6,324within the sector's middle half-€11,450below the sector's middle half▼ 81.0%-€15,866within the sector's middle half▼ 38.6%
Equity€36,945within the sector's middle half▲ 25.2%€47,209within the sector's middle half▲ 27.8%€40,885within the sector's middle half▼ 13.4%€29,435within the sector's middle half▼ 28.0%€13,570below the sector's middle half▼ 53.9%
Total assets€701,337within the sector's middle half▲ 1.9%€704,348within the sector's middle half▲ 0.4%€667,588within the sector's middle half▼ 5.2%€625,891within the sector's middle half▼ 6.2%€587,632within the sector's middle half▼ 6.1%
Debt€664,392▲ 0.8%€657,138▼ 1.1%€626,703▼ 4.6%€596,455▼ 4.8%€574,062▼ 3.8%
Working capital-€604,974below the sector's middle half▲ 5.2%-€623,325below the sector's middle half▼ 3.0%-€618,865below the sector's middle half▲ 0.7%-€588,448below the sector's middle half▲ 4.9%-€561,704below the sector's middle half▲ 4.5%
Solvency5.3%below the sector's middle half▲ 1.0pp6.7%within the sector's middle half▲ 1.4pp6.1%within the sector's middle half▼ 0.6pp4.7%within the sector's middle half▼ 1.4pp2.3%below the sector's middle half▼ 2.4pp
Current ratio0.09below the sector's middle half▲ 0.060.05below the sector's middle half▼ 0.040.01below the sector's middle half▼ 0.040.01below the sector's middle half=0.02below the sector's middle half▲ 0.01
Return on assets (ROA)1.1%within the sector's middle half▲ 2.8pp1.5%within the sector's middle half▲ 0.4pp-0.9%within the sector's middle half▼ 2.4pp-1.8%within the sector's middle half▼ 0.9pp-2.7%below the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,806 after €610 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587,632
Fixed assets
€575,274 ▼ 6.9%
Current assets
€12,358 ▲ 54.3%
Equity and liabilities €587,632
Equity
€13,570 ▼ 53.9%
Debt
€574,062 ▼ 3.8%
Debt's share of the balance-sheet total rises from 95.3% to 97.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40,383▼
2024 · €44,220
Cash flow
€28,323▼
2024 · €32,160
Debt to equity
42.30▲
2024 · 20.26
ROE
-116.9%▼
2024 · -38.9%
Interest coverage
3.35▼
2024 · 3.67
Debt ≤ 1 year
€574,062▼
2024 · €596,455
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.6%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,104 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8,622 | €268 | - | - | €1,767 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,309 | €31,236 | €42,682 | €43,610 | €44,189 | ▲ 1.3% |
| Other operating charges640/8 | €1,119 | €1,187 | €1,228 | €1,265 | €1,305 | ▲ 3.2% |
| Gross operating margin9900 | €49,916 | €54,748 | €49,656 | €45,485 | €41,688 | ▼ 8.3% |
| Operating profit (loss)9901 | €19,488 | €22,324 | €5,745 | €610 | -€3,806 | ▼ 723% |
| Financial charges65/66B | €12,060 | €12,060 | €12,070 | €12,060 | €12,060 | = |
| Recurring financial charges65 | €12,060 | €12,060 | €12,070 | €12,060 | €12,060 | = |
| Profit (loss) for the period before taxes9903 | €7,428 | €10,264 | -€6,324 | -€11,450 | -€15,866 | ▼ 38.6% |
| Profit (loss) for the period9904 | €7,428 | €10,264 | -€6,324 | -€11,450 | -€15,866 | ▼ 38.6% |
| Profit (loss) for the period to be appropriated9905 | €7,428 | €10,264 | -€6,324 | -€11,450 | -€15,866 | ▼ 38.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €701,337 | €704,348 | €667,588 | €625,891 | €587,632 | ▼ 6.1% |
| Fixed assets21/28 | €641,920 | €670,534 | €659,751 | €617,883 | €575,274 | ▼ 6.9% |
| Tangible fixed assets22/27 | €641,824 | €670,439 | €659,655 | €617,788 | €575,179 | ▼ 6.9% |
| Land and buildings22 | €414,763 | €450,289 | €438,307 | €404,437 | €370,567 | ▼ 8.4% |
| Plant, machinery and equipment23 | €227,062 | €220,150 | €221,348 | €213,350 | €203,322 | ▼ 4.7% |
| Furniture and vehicles24 | - | - | - | - | €1,290 | - |
| Financial fixed assets28 | €95 | €95 | €95 | €95 | €95 | = |
| Current assets29/58 | €59,417 | €33,813 | €7,837 | €8,008 | €12,358 | ▲ 54.3% |
| Amounts receivable within one year40/41 | - | - | €1,732 | €1,732 | €2,726 | ▲ 57.4% |
| Other amounts receivable41 | - | - | €1,732 | €1,732 | €2,726 | ▲ 57.4% |
| Cash at bank and in hand54/58 | €59,417 | €33,813 | €6,105 | €6,275 | €9,632 | ▲ 53.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €701,337 | €704,348 | €667,588 | €625,891 | €587,632 | ▼ 6.1% |
| Equity10/15 | €36,945 | €47,209 | €40,885 | €29,435 | €13,570 | ▼ 53.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€31,255 | -€20,991 | -€27,315 | -€38,765 | -€54,630 | ▼ 40.9% |
| Amounts payable17/49 | €664,392 | €657,138 | €626,703 | €596,455 | €574,062 | ▼ 3.8% |
| Amounts payable within one year42/48 | €664,392 | €657,138 | €626,703 | €596,455 | €574,062 | ▼ 3.8% |
| Current portion of amounts payable after more than one year42 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Trade debts44 | €417 | €21,610 | €3,465 | €2,411 | €3,968 | ▲ 64.6% |
| Suppliers440/4 | €417 | €21,610 | €3,465 | €2,411 | €3,968 | ▲ 64.6% |
| Taxes, remuneration and social security45 | - | €1,823 | - | €337 | €387 | ▲ 14.8% |
| Taxes450/3 | - | - | - | €337 | €387 | ▲ 14.8% |
| Remuneration and social security454/9 | - | €1,823 | - | - | - | - |
| Other amounts payable47/48 | €363,975 | €333,706 | €323,238 | €293,707 | €269,707 | ▼ 8.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,428 | €10,264 | -€6,324 | -€11,450 | -€15,866 | ▼ 38.6% |
| + Depreciation and write-downs630 | €29,309 | €31,236 | €42,682 | €43,610 | €44,189 | ▲ 1.3% |
| Operating cash flow (approximation) | €36,737 | €41,500 | €36,358 | €32,160 | €28,323 | ▼ 11.9% |
| Investment in fixed assets (approximation) | - | -€59,851 | -€31,899 | -€1,742 | -€1,580 | ▲ 9.3% |
| Change in cash | - | -€25,604 | -€27,708 | €170 | €3,357 | ▲ 1,873% |
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 -€15,866
Net result drops to -€15,866, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €10,264 ▲38.2%
Operating result €22,324, net result €10,264, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Back to profitnet €7,428
Net result €7,428 after 3 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wemmel
Ground area
556 m²
Building footprint
116 m²
Volume, LiDAR
839 m³
Parcel 22662B0383/00D006, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0383/00D006 | Flanders | 556 m² | 1 · 116 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,141 companies in sector 68201 we hold annual accounts for 6,772. 1,809 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-08-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466706491
Registered
27-03-2026
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.