Valhaeg
ActiveSummary
Valhaeg has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,674 and a net result of €84,965. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 92% of 3337 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+30
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 11.82 against 10.61 in 2024; short-term debt: 8.5% and cash: 100% of total assets), and 8.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.5%
Return on assets
48.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
26 d early
2023
28 d early
2022
24 d early
2021
31 d early
2020
16 d early
2019
21 d early
← 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 26 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 3 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€45,038
EBIT margin
71.4%
Net result
€84,965▲ 669%
2024 · €11,047
Working capital
€161,674▲ 111%
2024 · €76,709
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€45,038
Operating result-€2,445€5,134€27,329▲ 432%€32,175▲ 17.7%€113,490▲ 253%
Net result€429below the sector's middle half▼ 89.8%€3,419below the sector's middle half▲ 697%€26,050below the sector's middle half▲ 662%€11,047below the sector's middle half▼ 57.6%€84,965within the sector's middle half▲ 669%
EBIT margin71.4%
Equity€36,193below the sector's middle half▲ 1.2%€39,612below the sector's middle half▲ 9.4%€65,662below the sector's middle half▲ 65.8%€76,709below the sector's middle half▲ 16.8%€161,674within the sector's middle half▲ 111%
Total assets€41,633below the sector's middle half▼ 82.8%€41,366below the sector's middle half▼ 0.6%€68,267below the sector's middle half▲ 65.0%€84,692below the sector's middle half▲ 24.1%€176,610below the sector's middle half▲ 109%
Debt€5,439▼ 97.4%€1,753▼ 67.8%€2,605▲ 48.6%€7,983▲ 206%€14,936▲ 87.1%
Working capital€36,193within the sector's middle half€39,612within the sector's middle half▲ 9.4%€65,662within the sector's middle half▲ 65.8%€76,709within the sector's middle half▲ 16.8%€161,674within the sector's middle half▲ 111%
Solvency86.9%above the sector's middle half▲ 72.2pp95.8%above the sector's middle half▲ 8.8pp96.2%above the sector's middle half▲ 0.4pp90.6%above the sector's middle half▼ 5.6pp91.5%above the sector's middle half▲ 1.0pp
Current ratio7.65above the sector's middle half▲ 7.5723.59above the sector's middle half▲ 15.9426.21above the sector's middle half▲ 2.6110.61above the sector's middle half▼ 15.6011.82above the sector's middle half▲ 1.22
Return on assets (ROA)1.0%below the sector's middle half▼ 0.7pp8.3%within the sector's middle half▲ 7.2pp38.2%above the sector's middle half▲ 29.9pp13.0%within the sector's middle half▼ 25.1pp48.1%above the sector's middle half▲ 35.1pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 253% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €176,610
Equity
€161,674 ▲ 111%
Debt
€14,936 ▲ 87.1%
Debt's share of the balance-sheet total falls from 9.4% to 8.5%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.09▼
2024 · 0.10
ROE
52.6%▲
2024 · 14.4%
Debt ≤ 1 year
€14,936▲
2024 · €7,983
Income taxes
€28,497▲
2024 · €1,105
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 31,370 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €45,038 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €12,360 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101 | - | - | - | - | - |
| Other operating charges640/8 | - | €102 | €457 | €502 | €507 | ▲ 1.0% |
| Gross operating margin9900 | -€1,896 | €5,236 | €27,785 | €32,677 | €113,997 | ▲ 249% |
| Operating profit (loss)9901 | -€2,445 | €5,134 | €27,329 | €32,175 | €113,490 | ▲ 253% |
| Financial charges65/66B | - | €23 | €24 | €20,024 | €29 | ▼ 99.9% |
| Recurring financial charges65 | €27 | €23 | €24 | €20,024 | €29 | ▼ 99.9% |
| Non-recurring financial charges66B | - | - | - | €20,024 | - | - |
| Profit (loss) for the period before taxes9903 | €472 | €5,111 | €27,305 | €12,151 | €113,461 | ▲ 834% |
| Income taxes67/77 | €43 | €1,692 | €1,255 | €1,105 | €28,497 | ▲ 2,480% |
| Profit (loss) for the period9904 | €429 | €3,419 | €26,050 | €11,047 | €84,965 | ▲ 669% |
| Profit (loss) for the period to be appropriated9905 | €429 | €3,419 | €26,050 | €11,047 | €84,965 | ▲ 669% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,633 | €41,366 | €68,267 | €84,692 | €176,610 | ▲ 109% |
| Current assets29/58 | €41,633 | €41,366 | €68,267 | €84,692 | €176,610 | ▲ 109% |
| Amounts receivable after more than one year29 | - | - | €20,000 | - | - | - |
| Other amounts receivable291 | - | - | €20,000 | - | - | - |
| Amounts receivable within one year40/41 | €18,221 | €574 | €10,452 | €27,603 | - | - |
| Trade receivables40 | - | - | €6,050 | €27,603 | - | - |
| Other amounts receivable41 | - | €574 | €4,402 | - | - | - |
| Cash at bank and in hand54/58 | €23,412 | €40,791 | €37,815 | €57,089 | €176,610 | ▲ 209% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,633 | €41,366 | €68,267 | €84,692 | €176,610 | ▲ 109% |
| Equity10/15 | €36,193 | €39,612 | €65,662 | €76,709 | €161,674 | ▲ 111% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €17,643 | €21,062 | €47,112 | €58,159 | €143,124 | ▲ 146% |
| Non-distributable reserves130/1 | - | - | €10,528 | €10,528 | €10,528 | = |
| Reserves not available under the articles1311 | - | - | €10,528 | €10,528 | €10,528 | = |
| Distributable reserves133 | - | €21,062 | €36,584 | €47,631 | €132,596 | ▲ 178% |
| Amounts payable17/49 | €5,439 | €1,753 | €2,605 | €7,983 | €14,936 | ▲ 87.1% |
| Amounts payable within one year42/48 | €5,439 | €1,753 | €2,605 | €7,983 | €14,936 | ▲ 87.1% |
| Taxes, remuneration and social security45 | - | €1,753 | €2,605 | €4,604 | €13,825 | ▲ 200% |
| Taxes450/3 | - | €1,753 | €2,605 | €4,604 | €13,825 | ▲ 200% |
| Other amounts payable47/48 | - | - | - | €3,379 | €1,111 | ▼ 67.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €429 | €3,419 | €26,050 | €11,047 | €84,965 | ▲ 669% |
| + Depreciation and write-downs630 | €101 | - | - | - | - | - |
| Operating cash flow (approximation) | €530 | €3,419 | €26,050 | €11,047 | €84,965 | ▲ 669% |
| Change in cash | - | €17,380 | -€2,976 | €19,274 | €119,521 | ▲ 520% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €84,965 ▲669%
Operating result €113,490, net result €84,965, both a record.
30-09
Financial
Equity above €150,000Eq €161,674 ▲111%
6 profitable years in a row build equity to €161,674.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Liquidity triplescurrent ratio 23.59
Current ratio from 7.65 to 23.59; short-term debt falls from €5,439 to €1,753.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity times 89current ratio 7.65
Current ratio from 0.09 to 7.65; short-term debt falls from €206,137 to €5,439.
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €4,202
Net result €4,202 after 2 loss-making years.
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 116 days late
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Boechout
Ground area
1,329 m²
Building footprint
191 m²
Volume, LiDAR
1,243 m³
Parcel 11004D0434/00D000, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0434/00D000 | Flanders | 1,329 m² | 1 · 191 m² | 15.3 m · 2 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.
Similar companies · same sector, comparable size
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Diksmuide · Eq €161,622
RENCHON ET VERHAEGHE DE NAEYER
BE 0458.435.658
Ukkel · Eq €161,735
LAMBEAU
BE 0552.807.552
Ukkel · Eq €161,509
Maarten Devreese
BE 0800.236.934
Gent · Eq €161,489
Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-05-2000
Fiscal year end30-09
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471918262
Also
9925:BE0471918262
Registered
15-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.