Valhalla
Annual accounts 2025
micro format, filed on 02-07-2026, 29 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €140,000 and €370,000.
Balance sheet
balance sheet total €235,344 on 31-12-2025in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
235,344 | 164,316 | |
21/28 |
1,367 | 806 | |
22/27 |
1,367 | 806 | |
22 |
414 | 806 | |
23 |
953 | - | |
29/58 |
233,978 | 163,510 | |
40/41 |
122,633 | 103,035 | |
40 |
97,623 | 89,120 | |
41 |
25,010 | 13,915 | |
54/58 |
111,116 | 59,330 | |
490/1 |
229 | 1,144 | |
| Balance sheet: equity and liabilities | |||
10/49 |
235,344 | 164,316 | |
10/15 |
174,465 | 119,026 | |
10/11 |
5,000 | 5,000 | |
13 |
169,465 | 114,026 | |
133 |
169,465 | 114,026 | |
17/49 |
60,880 | 45,290 | |
42/48 |
60,880 | 43,682 | |
44 |
3,742 | 2,833 | |
440/4 |
3,742 | 2,833 | |
45 |
57,137 | 40,849 | |
450/3 |
55,737 | 39,524 | |
454/9 |
1,400 | 1,325 | |
492/3 |
0 | 1,608 | |
| Income statement | |||
9900 |
71,571 | 149,461 | |
62 |
0 | 116 | |
630 |
580 | 371 | |
640/8 |
478 | 639 | |
9901 |
70,513 | 148,335 | |
75/76B |
1,056 | 440 | |
75 |
1,056 | 440 | |
65/66B |
115 | 1,951 | |
65 |
115 | 1,951 | |
9903 |
71,454 | 146,824 | |
67/77 |
16,015 | 32,799 | |
9904 |
55,439 | 114,026 | |
9905 |
55,439 | 114,026 | |
| Appropriation of the result | |||
9906 |
55,439 | 114,026 | |
691/2 |
55,439 | 114,026 | |
6921 |
55,439 | 114,026 | |
| Document | |||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2024 to 2025, 2 entries, €2,071 awarded, €2,071 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €375 | €375 |
| 2024 | 1 | €1,696 | €1,696 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 71,093 | 148,706 | ||
| 56,019 | 114,396 | ||
| 1,140 | 1,177 | ||
| 51,786 | - | ||
| 173,098 | 119,828 | ||
| 74.1% | 72.4% | ||
| 3.84 | 3.74 | ||
| 0.35 | 0.38 | ||
| 31.8% | 95.8% | ||
| 23.6% | 69.4% | ||
| over 100 | 76.22 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €1,140 | €1,177 |
| Financial fixed assets | €0 | - |
| €580 | €371 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Valhalla
The operating result for 2025 is 52% lower than in 2024.
Debt's share of the balance-sheet total falls from 27.6% to 25.9%. Equity and debt are higher.