VALI CONSTRUCT
ActiveSummary
VALI CONSTRUCT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €480,223 and a net result of €168,424. Equity has been stable since 2018 (±0.8% per year). Its solvency ranks better than 34% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-10-2007 Normal situation
- Activity
- Other specialised construction activities NACE 43990and 6 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
- Establishment unit
- 2.165.756.612 1390 Grez-Doiceau, since 18-10-2007
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
Annual accounts 2025
- Gross margin
- €468,370
- ▲ 54.5%
- Turnover
- ≈ €1.4m
- estimated
- Profit
- €168,424
- ▲ 348%
- Equity
- €480,223
- ▲ 46.4%
- Total assets
- €1.5m
- ▲ 22.2%
- Staff
- 0.3 FTE
- =
- 2025 accounts filed 61 days after the deadline
Net result +348%: other schema
Score breakdownraises riskLast filed accounts filed 61 days late; 2 of the last 3 accounts late1 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)lowers riskFigures for financial year 2025 (filed on 02-10-2026)Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 49% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency
57+6
equity 31.7% of total assets
Liquidity
26-3
short-term debt 59.2% · cash 5.4%
Profitability
83+10
return on assets 11.1%
Bankruptcy probability within 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.9%▲ +0.2 percentage points vs 06-2025
08-2025: 1.3%▲ +0.4 percentage points vs 07-2025
09-2025: 1.5%▲ +0.2 percentage points vs 08-2025
10-2025: 0.6%▼ -0.9 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025lowest value
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 1.2%▲ +0.6 percentage points vs 02-2026
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026
05-2026: 1.4%▲ +0.1 percentage points vs 04-2026
06-2026: 1.5%▲ +0.1 percentage points vs 05-2026
07-2026: 1.8%▲ +0.3 percentage points vs 06-2026
08-2026: 2.4%▲ +0.6 percentage points vs 07-2026
09-2026: 2.9%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 1.2%▼ -1.7 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.42 (1.3 in 2024), below the usual 1.5. Short-term debt is 59.2% and cash 5.4% of total assets. 68.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 33% of them on solvency, 15% on liquidity, 65% on profitability and 82% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €480,223
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
57 days late
2023
30 days late
2022
70 days late
2021
64 days late
2020
130 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 76 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00540404.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 18 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €1.4m
Estimated: probably between €900,000 and €1.9m
EBIT margin
Not included in this filing
Net result
€168,424▲ 348%
2024 · €37,614
Working capital
€373,076▲ 69.9%
2024 · €219,538
In the rankings
#9 company by total assets in Grez-Doiceau, Construction sector#10 company by equity in Grez-Doiceau, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€256,031
▲ 267%
2025
20182025
Net result
€168,424
▲ 348%
2025
highest quarter of the sector
20182025
Equity
€480,223
▲ 46.4%
2025
middle half of the sector
20182025
Total assets
€1.5m
▲ 22.2%
2025
highest quarter of the sector
20182025
Debt
€1.0m
▲ 13.5%
2025
20182025
Working capital
€373,076
▲ 69.9%
2025
middle half of the sector
20182025
Solvency
31.7%
▲ 5.2pp
2025
middle half of the sector
20182025
Current ratio
1.42
▲ 0.11
2025
middle half of the sector
20182025
Return on assets (ROA)
11.1%
▲ 8.1pp
2025
middle half of the sector
20182025
Staff (FTE)
0.3
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.3m▲ 121%-€0.04m€0.05m-€0.06m€0.1m€0.07m▼ 43.6%€0.3m▲ 267%
Net result€0.1m-€0.2m▲ 112%-€0.05mbelow the sector's middle half€0.03mwithin the sector's middle half-€0.05mbelow the sector's middle half€0.09mwithin the sector's middle half€0.04mwithin the sector's middle half▼ 58.6%€0.2mabove the sector's middle half▲ 348%
Equity€0.3m-€0.5m▲ 59.3%€0.5mwithin the sector's middle half▼ 9.7%€0.5mwithin the sector's middle half▲ 6.1%€0.3mwithin the sector's middle half▼ 40.4%€0.4mwithin the sector's middle half▲ 30.8%€0.3mwithin the sector's middle half▼ 13.8%€0.5mwithin the sector's middle half▲ 46.4%
Total assets€1.0m-€1.2m▲ 22.5%€1.1mwithin the sector's middle half▼ 11.7%€1.2mwithin the sector's middle half▲ 13.9%€1.1mwithin the sector's middle half▼ 7.6%€1.2mwithin the sector's middle half▲ 5.7%€1.2mwithin the sector's middle half▲ 4.6%€1.5mabove the sector's middle half▲ 22.2%
Debt€0.7m-€0.7m▲ 3.5%€0.6m▼ 13.1%€0.7m▲ 20.2%€0.8m▲ 15.4%€0.8m▼ 3.0%€0.9m▲ 13.3%€1.0m▲ 13.5%
Working capital€0.3m-€0.5m▲ 95.6%€0.5mabove the sector's middle half▼ 8.0%€0.5mabove the sector's middle half▲ 4.3%€0.2mwithin the sector's middle half▼ 57.2%€0.3mwithin the sector's middle half▲ 41.4%€0.2mwithin the sector's middle half▼ 24.6%€0.4mwithin the sector's middle half▲ 69.9%
Solvency32.4%-42.2%▲ 9.7pp43.1%within the sector's middle half▲ 1.0pp40.2%within the sector's middle half▼ 2.9pp25.9%within the sector's middle half▼ 14.3pp32.1%within the sector's middle half▲ 6.1pp26.4%within the sector's middle half▼ 5.6pp31.7%within the sector's middle half▲ 5.2pp
Current ratio1.60-2.10▲ 0.502.15within the sector's middle half▲ 0.061.99within the sector's middle half▼ 0.161.36within the sector's middle half▼ 0.631.50within the sector's middle half▲ 0.151.30within the sector's middle half▼ 0.201.42within the sector's middle half▲ 0.11
Return on assets (ROA)11.0%-19.1%▲ 8.1pp-4.7%below the sector's middle half▼ 23.8pp2.3%within the sector's middle half▲ 7.1pp-4.7%below the sector's middle half▼ 7.0pp7.6%within the sector's middle half▲ 12.3pp3.0%within the sector's middle half▼ 4.6pp11.1%within the sector's middle half▲ 8.1pp
Staff (FTE)00below the sector's middle half0.3below the sector's middle half0.3below the sector's middle half=0.3below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is nearly 3.7 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Large changes and their cause
- 2025 Net result +348% on 2024. The accounts now follow the abbreviated format, last year the full format.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€245,759 ▼ 18.5%
Current assets
€1.3m ▲ 35.3%
Equity and liabilities €1.5m
Equity
€480,223 ▲ 46.4%
Debt
€1.0m ▲ 13.5%
Debt's share of the balance-sheet total falls from 73.6% to 68.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€334,746▲
2024 · €144,137
Cash flow
€247,139▲
2024 · €112,000
Quick ratio
1.39▲
2024 · 1.28
Debt to equity
2.16▼
2024 · 2.78
ROE
35.1%▲
2024 · 11.5%
Interest coverage
17.56▲
2024 · 7.78
Debt ≤ 1 year
€898,299▲
2024 · €720,096
Debt > 1 year
€131,989▼
2024 · €188,214
Income taxes
€79,193▲
2024 · €19,894
Staff costs
€12,494▼
2024 · €13,518
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| full-time | 0 | 0 | - |
| part-time | 1 | 1 | - |
| in full-time equivalents | 0.3 | 0.3 | - |
| Average over the year, in full-time equivalents | 0.3 | 0.3 | 0.3 |
| On a permanent contract | 1 | 1 | - |
| Joined | 1 | 0 | - |
| Left | 0 | 0 | - |
| Training hours | - | 0 | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €121,346 | - |
| Mortgages, amount registered | - | - | - | €178,000 | €178,000 |
| Carrying value of the mortgaged assets | - | - | - | €143,506 | €138,513 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €106,762 | €133,654 | €43,004 | €61,192 | €24,098 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €64,315 | €58,516 | €60,224 | €74,386 | €78,715 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11,373 | €22,059 | €37,203 | €20,511 | €26,759 | ▲ 30.5% |
| Remuneration, social security and pensions62 | - | - | - | - | - | €12,011 | €13,518 | €12,494 | ▼ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,440 | €92,194 | €52,059 | €64,315 | €58,516 | €60,224 | €74,386 | €78,715 | ▲ 5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€7,381 | -€3,750 | €45,046 | €117,167 | €67,867 | ▼ 42.1% |
| Other operating charges640/8 | - | - | - | €23,694 | €16,352 | €11,514 | €19,566 | €52,764 | ▲ 170% |
| Non-recurring operating charges66A | - | - | - | - | - | €12,500 | €8,731 | €500 | ▼ 94.3% |
| Gross operating margin9900 | €212,135 | €567,330 | €127,771 | €129,964 | €13,421 | €265,028 | €303,119 | €468,370 | ▲ 54.5% |
| Operating profit (loss)9901 | €152,069 | €335,678 | -€42,910 | €49,335 | -€57,697 | €123,733 | €69,751 | €256,031 | ▲ 267% |
| Financial income75/76B | - | - | - | €19,300 | €16,087 | €4,546 | €6,278 | €10,646 | ▲ 69.6% |
| Recurring financial income75 | €7,848 | €14,187 | €9,015 | €19,300 | €16,087 | €4,546 | €6,278 | €10,646 | ▲ 69.6% |
| Financial charges65/66B | - | - | - | €30,793 | €16,117 | €14,385 | €18,521 | €19,060 | ▲ 2.9% |
| Recurring financial charges65 | €19,060 | €21,805 | €9,943 | €30,793 | €16,117 | €14,385 | €18,521 | €19,060 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €140,856 | €328,060 | -€43,839 | €37,842 | -€57,728 | €113,894 | €57,507 | €247,617 | ▲ 331% |
| Transfer from deferred taxes780 | - | - | - | €544 | €6,251 | €0 | - | - | - |
| Income taxes67/77 | €32,054 | €88,743 | €7,273 | €10,119 | €994 | €23,110 | €19,894 | €79,193 | ▲ 298% |
| Profit (loss) for the period9904 | €108,802 | €230,580 | -€50,639 | €28,267 | -€52,472 | €90,785 | €37,614 | €168,424 | ▲ 348% |
| Transfer from tax-exempt reserves789 | - | - | - | €1,631 | €18,752 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €108,802 | €209,778 | -€32,949 | €29,898 | -€33,720 | €90,785 | €37,614 | €168,424 | ▲ 348% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.2m | €1.1m | €1.2m | €1.1m | €1.2m | €1.2m | €1.5m | ▲ 22.2% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 18.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 18.5% |
| Land and buildings22 | - | - | - | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | - | - | €0.003m | €0.003m | €0.004m | €0.004m | ▲ 19.8% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.06m | €0.05m | €0.03m | €0.02m | ▼ 22.3% |
| Leasing and similar rights25 | - | - | - | €0.03m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 35.9% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0 | - | - | - |
| Current assets29/58 | €0.7m | €1.0m | €0.9m | €1.0m | €0.8m | €0.9m | €0.9m | €1.3m | ▲ 35.3% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.1m | - | - | - | - | - |
| Stocks and contracts in progress3 | €0.2m | €0.3m | €0.004m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.6% |
| Stocks30/36 | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.6% |
| Amounts receivable within one year40/41 | €0.4m | €0.5m | €0.6m | €0.7m | €0.6m | €0.8m | €0.8m | €1.2m | ▲ 40.7% |
| Trade receivables40 | - | - | - | €0.5m | €0.4m | €0.6m | €0.7m | €1.1m | ▲ 44.8% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.2m | €0.09m | €0.1m | ▲ 8.7% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.1m | €0.2m | €0.1m | €0.2m | €0.05m | €0.09m | €0.08m | ▼ 8.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.01m | €0.007m | €0.01m | ▲ 50.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.1m | €1.2m | €1.1m | €1.2m | €1.2m | €1.5m | ▲ 22.2% |
| Equity10/15 | €0.3m | €0.5m | €0.5m | €0.5m | €0.3m | €0.4m | €0.3m | €0.5m | ▲ 46.4% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.3m | €0.4m | €0.4m | €0.5m | €0.3m | €0.4m | €0.3m | €0.5m | ▲ 47.3% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.3m | €0.4m | €0.3m | €0.5m | ▲ 47.3% |
| Profit (loss) carried forward14 | €0.06m | €0.06m | €0.03m | €0.03m | -€0.005m | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | €0.009m | €0.007m | €0.006m | - | - | - | - | - |
| Deferred taxes168 | - | - | - | €0.006m | - | - | - | - | - |
| Amounts payable17/49 | €0.7m | €0.7m | €0.6m | €0.7m | €0.8m | €0.8m | €0.9m | €1.0m | ▲ 13.5% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 29.9% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 29.9% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | €0.7m | €0.9m | ▲ 24.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.06m | €0.06m | €0.07m | €0.06m | ▼ 20.1% |
| Financial debts43 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.007m | ▼ 89.8% |
| Credit institutions430/8 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.007m | ▼ 89.8% |
| Trade debts44 | €0.3m | €0.2m | €0.2m | €0.2m | €0.4m | €0.3m | €0.5m | €0.7m | ▲ 35.8% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.3m | €0.5m | €0.7m | ▲ 35.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.05m | €0.1m | €0.01m | €0.06m | ▲ 320% |
| Taxes450/3 | - | - | - | €0.02m | €0.05m | €0.09m | €0.007m | €0.06m | ▲ 703% |
| Remuneration and social security454/9 | - | - | - | €0.006m | - | €0.01m | €0.007m | €0.001m | ▼ 82.6% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.04m | €0.01m | €0.06m | €0.09m | ▲ 39.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.007m | €0.006m | €0.005m | €0.007m | ▲ 31.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108,802 | €230,580 | -€50,639 | €28,267 | -€52,472 | €90,785 | €37,614 | €168,424 | ▲ 348% |
| + Depreciation and write-downs630 | €51,440 | €92,194 | €52,059 | €64,315 | €58,516 | €60,224 | €74,386 | €78,715 | ▲ 5.8% |
| Operating cash flow (approximation) | €160,242 | €322,774 | €1,419 | €92,582 | €6,045 | €151,009 | €112,000 | €247,139 | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€41,783 | -€7,781 | -€106,762 | -€148,454 | -€37,549 | -€61,192 | -€22,780 | ▲ 62.8% |
| Change in cash | - | €79,711 | €57,287 | -€25,335 | €25,096 | -€100,302 | €37,113 | -€7,557 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as VALI CONSTRUCT has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
The bankruptcy probability of VALI CONSTRUCT itself is higher: 1.2% within 12 months. It rests on far more data about VALI CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for VALI CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00540404 | |
| 31-12-2024 | full format | 26-09-2025 | 2025-00510934 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00436240 | |
| 31-12-2022 | full format | 09-10-2023 | 2023-00480611 | |
| 31-12-2021 | full format | 03-10-2022 | 2022-20451847 | |
| 31-12-2020 | full format | 08-12-2021 | 2021-79900119 | |
| 31-12-2019 | full format | 30-11-2020 | 2020-73600094 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-38700038 | |
| 31-12-2017 | micro format | 12-10-2018 | 2018-69300233 | |
| 31-12-2016 | micro format | 17-11-2017 | 2017-69800546 |
Board & ownership
Directors
Directors
4 directors, last change in 2025
Dragos Dina
Current
Director · appointed in the act of 18-01-2022 · listed in the 2025 annual accounts, filed on 30-09-2026
DINA Mihai Catalin
Current
Director · appointed in the act of 19-09-2025 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-09-2026
DINA Dragos Georgian
Current
Director · appointed in the act of 28-10-2025 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-09-2026
Dina Valeriu
Current
Director · listed in the 2025 annual accounts, filed on 30-09-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 13-12-2023Owners and capital
Capital transactions
Capital over time
- 13-12-2023 Converted to unavailable equity · €8,060
Mandate history
4 people, 4 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Dragos Dina |
|
| DINA Mihai Catalin |
|
| DINA Dragos Georgian |
|
| Dina Valeriu |
|
Network & group
VALI CONSTRUCT shares no director with another company.
Connections & network
4 current directorsThe network starts from the directors of VALI CONSTRUCT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-09
abbreviated format · 61 days late
23-02
Gazette deed
Registered office moved from Incourt to Grez-DoiceauPower of attorney3 points ▸
Gazette deed
Registered office moved from Incourt to Grez-Doiceau
Power of attorney3 points ▸
- Board meeting, 22-01-2026
- Registered-office move, Chaussée de Wavre 198, 1390 Grez-Doiceau
- Power of attorney, Baker Tilly Accountants & Belastingadviseurs SRL
2025
28-10
Gazette deed
Appointment: DINA Dragos Georgian (director)Correction3 points ▸
Gazette deed
Appointment: DINA Dragos Georgian (director)
Correction3 points ▸
- General meeting, 15-10-2025
- Correction, “administrateur, annexes du Moniteur belge” (deed in French)
- Director appointment, DINA Dragos Georgian (director)
26-09
full format · 57 days late
19-09
Gazette deed
Resignation: DINA Dragos Georgian (director)Appointment: DINA Mihai Catalin (director)3 points ▸
Gazette deed
Resignation: DINA Dragos Georgian (director)
Appointment: DINA Mihai Catalin (director)3 points ▸
- General meeting, 17-09-2024
- Director resignation, DINA Dragos Georgian (director)
- Director appointment, DINA Mihai Catalin (director)
2024
30-08
full format · 30 days late
2023
31-12
Financial
Back to profitnet €90,785
The net result is €90,785, after one loss-making year.
13-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal-form conversion · Capital conversion · Reserve release7 points ▸
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Legal-form conversion · Capital conversion · Reserve release7 points ▸
- Legal-form conversion, “société à responsabilité limitée (SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “disponible pour distribution” (deed in French)
- Amendment of the articles
- Board composition, DINA Valeriu (director)
- Board composition, DINA Dragos (director)
- Power of attorney, mentioned 2 times in the deed
09-10
full format · 70 days late
2022
31-12
Financial
Weakest financial yearnet -€52,472
The net result drops to -€52,472, the lowest from 2018 to 2025. It recovers the following year.
03-10
full format · 64 days late
18-01
Gazette deed
Appointment: Dragos Dina (director)2 points ▸
Gazette deed
Appointment: Dragos Dina (director)
2 points ▸
- General meeting, 09-12-2021
- Director appointment, Dragos Dina (director)
Show earlier events
2021
31-12
Financial
Back to profitnet €28,267
The net result is €28,267, after one loss-making year.
08-12
full format · 130 days late
2020
30-11
full format · 122 days late
2019
31-12
Financial
Highest result from 2018 to 2025net €230,580 ▲112%
The operating result of €335,678 and the net result of €230,580 are both a record.
31-12
Financial
Equity above €500,000equity €509,405 ▲59.3%
With a profit in every financial year since 2018, equity grows to €509,405.
26-07
micro format · 5 days before the deadline
2018
12-10
micro format · 73 days late
2017
17-11
micro format · 109 days late
2007
16-10
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
VALI CONSTRUCT in French
Enterprise number
0892.753.752
Legal form
Private limited company
Status
Active, normale toestand
Founded
12-10-2007
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-12-2023 (in French)Registered office and establishments
Registered office
Chaussée de Wavre 198, 1390 Grez-Doiceau, Belgium
1 former office
- Chaussée de Namur 37, 1315 Incourt until 22-01-2026 · act of 23-02-2026
Establishment unit
VALI CONSTRUCT, Chaussée de Wavre 198, 1390 Grez-Doiceau since 18-10-2007 · unit number 2.165.756.612
Activities
NACEBEL 2025VAT activities
43990
Other specialised construction activities main activity
25120
Manufacture of fabricated metal products, except machinery and equipment
41003
General construction of other non-residential buildings
43211
General electrical installation work
43230
Insulation installation
43350
Other building finishing work
52250
Logistics services
Social security (RSZ) activities
43990
Other specialised construction activities main activity
Codes under NACEBEL 2008
VAT activities
43999
Specialised construction activities main activity
25120
Manufacture of fabricated metal products, except machinery and equipment
41203
Construction of residential and non-residential buildings
43211
Specialised construction activities
43291
Specialised construction activities
43390
Specialised construction activities
52290
Warehousing and support activities for transportation
Social security (RSZ) activities
43999
Specialised construction activities main activity
Codes under NACEBEL 2003
45250
main activity
45310
45450
63406
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2024
Invoicing and payment
VAT number
BE 0892.753.752
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0892.753.752
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 18:00
deed of 13-12-2023 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
497 m²
Building footprint
108 m²
Building volume
695 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25001C0075/00B002 | Wallonia | 497 m² | 1 · 108 m² | 8.5 m · 2 |