Result
-€38,801 -€38,801
From profit to loss in 2025, after a profit of €36,099 in 2024.
VALIDOC
Overview
Lifetime
4 annual accounts with figures on one time axispeak €52,082 (2024)
-€1,787▼ €53,869
lowest -€38,801 (2025)
-€38,801▼ €74,900
peak €39,656 (2024)
€855▼ 97.8%
€31,834▲ 38.9%
Board1 name since 2022
1 directorLESPAGNOL Olivier
Documentsfilings and deeds
29-10-202690 days late
2025micro format
Gross margin from €52,082 to -€1,787Loss of €38,801Equity from €39,656 to €855Debts from €22,919 to €31,834Cash from €19,955 to €1,568
Key points
from the 2025 annual accountsDebts
€31,834 97% of the balance sheet
Suppliers 2%Taxes and wages 19%Other 79%
Investments
€9,486 7.3 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.76 was 2.73 in 2024
Short-term debts rose from €22,883 to €31,834.
Filings
4 annual accounts 90 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€38,801
Lower net result than 95% of companies in architecture and engineering. Sector median €16,690 · 11,795 companies.
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 6% of micro companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.1%▼ -0.3 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 1.0%▲ +0.7 percentage points vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Last filed accounts filed 90 days late; 2 of the last 3 accounts late
Loss of €38,801 (financial year 2025)
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €32,689
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 71, micro). It does better than 11% of them on solvency, 4% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 757 companies had the same profile as VALIDOC has now. Each dot stands for 2 companies, two years later.
86.7%
were still trading
4.8%
stopped another way
7.9%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VALIDOC itself is lower: 1.0% within 12 months. It rests on far more data about VALIDOC than the profile alone.
Test of the method
The method was tested on the 497,448 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 757 companies, not a prediction for VALIDOC. 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.
Credit verdict
No publishable credit limit, so credit 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 is insufficient, with a current ratio of 0.76 (2.73 in 2024), below 1. Short-term debt is 97.4% and cash 4.8% of total assets. 97.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11794 sector peers (2025).
NBB · sector comparisonPosition among 11794 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 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 · 4 filingsDeviation from the deadline
2025
90 days late
2024
30 days late
2023
61 days late
2022
57 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 60 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 29 September (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0783804045
Incorporation
Founding capital of €6,000, 600 shares · Founder: LESPAGNOL Olivier · Appointment: LESPAGNOL Olivier (director) · published on 28-03-2022 · Gazette deed
First establishment
Rue de Sirault 29, Saint-Ghislain
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VALIDOC Saint-Ghislain | €32,689 | -€1,787 | 2.6% | - |
| I-Energy Lille | €31,717 | -€23,833 | -272.8% | - |
| J’eau Solutions & Academy Sint-Niklaas | €29,084 | €859 | 75.3% | - |
| GT AUTOMOBILE Molenbeek-Saint-Jean | €29,736 | €860 | 62.7% | - |
| PebPro Seneffe | €22,513 | -€14,613 | 42.3% | - |
| DECANN Maldegem | €40,785 | €1,185 | 17.1% | - |
| ACTAEON Beernem | €33,077 | -€4,115 | -2.2% | - |
These companies have the same main activity as VALIDOC: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €22,500 and €40,800, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 24-03-2022Normal situation
- Activity
- Other technical testing and analysisNACE 71209and 3 others
- Establishment unit
- 2.332.890.6797334 Saint-Ghislain, since 24-03-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Annual accounts 2025
- -€1,787
- €38,801
- €855▼ 97.8%
- €32,689▼ 47.8%
- ≈ 0.8 FTEestimated
- Filing
- Filed on 29-10-2026
Insights on VALIDOC
VALIDOC files the micro format. That format states no turnover. The gross margin rose from -€1,848 in 2022 to -€1,787 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-10-2026, 90 days late-€1,787
▼ €53,869
-€38,604
▼ €86,086
-€38,801
▼ €74,900
-€7,703
▼ €47,395
2.6%
▼ 60.8 percentage points
0.76
▼ 1.98
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €32,689 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
2.6%
Higher than 10% of 11,794 companies in 2025.
0.76
Higher than 13% of 11,521 companies in 2025.
-118.7%
Lower than 95% of 11,605 companies in 2025.
VALIDOC
Middle half of the sector
80% of the sector
Micro accounts in architecture and engineering (NACE 71)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
32,689 | 62,575 | 3,557 | 4,055 | |
21/28 |
8,558 | - | - | - | |
22/27 |
8,195 | - | - | - | |
23 |
8,195 | - | - | - | |
28 |
363 | - | - | - | |
29/58 |
24,131 | 62,575 | 3,557 | 4,055 | |
40/41 |
3,563 | 42,620 | - | - | |
40 |
3,538 | 42,600 | - | - | |
41 |
25 | 20 | - | - | |
54/58 |
1,568 | 19,955 | 3,557 | 4,055 | |
490/1 |
19,000 | - | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
32,689 | 62,575 | 3,557 | 4,055 | |
10/15 |
855 | 39,656 | 3,557 | 4,055 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | |
14 |
-5,145 | 33,656 | -2,443 | -1,945 | |
17/49 |
31,834 | 22,919 | - | - | |
42/48 |
31,834 | 22,883 | - | - | |
44 |
784 | 342 | - | - | |
440/4 |
784 | 342 | - | - | |
45 |
6,050 | 22,541 | - | - | |
450/3 |
1,221 | 22,438 | - | - | |
454/9 |
4,829 | 103 | - | - | |
47/48 |
25,000 | - | - | - | |
492/3 |
- | 36 | - | - | |
| Income statement | |||||
9900 |
-1,787 | 52,082 | -384 | -1,848 | |
62 |
35,526 | 4,600 | - | - | |
630 |
1,291 | - | - | - | |
9901 |
-38,604 | 47,482 | -384 | -1,848 | |
65/66B |
197 | 164 | 114 | 97 | |
65 |
197 | 164 | 114 | 97 | |
9903 |
-38,801 | 47,318 | -498 | -1,945 | |
67/77 |
- | 11,219 | - | - | |
9904 |
-38,801 | 36,099 | -498 | -1,945 | |
9905 |
-38,801 | 36,099 | -498 | -1,945 | |
| Appropriation of the result | |||||
9906 |
-5,145 | 33,656 | -2,443 | -1,945 | |
14P |
33,656 | -2,443 | -1,945 | - | |
| Document | |||||
The notes to these accounts have 7 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 29-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 90 days after the deadline. Filed on 29 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00594067.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -37,313 | - | - | - | ||
| -37,510 | - | - | - | ||
| 9,849 | - | - | - | ||
| -18,387 | 16,398 | -498 | - | ||
| -7,703 | 39,692 | - | - | ||
| 2.6% | 63.4% | - | - | ||
| 0.76 | 2.73 | - | - | ||
| - | 0.58 | - | - | ||
| - | 91.0% | - | - | ||
| -118.7% | 57.7% | - | - | ||
| -189.41 | - | - | - |
The equity ratios are withheld because equity of €855 is too small for a meaningful ratio.
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 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €9,486 | - | - | - |
| Financial fixed assets | €363 | - | - | - |
| €1,291 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on VALIDOC
The operating result for 2025 is a loss of €38,604, after a profit of €47,482 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 36.6% to 97.4%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 28-03-2022
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- The board, acting as a bodydeed of 28-03-2022
Mandates through the years
1 name, the dashed line is todayLESPAGNOL Olivier
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- LESPAGNOL Olivier
- Director (not named in the articles), appointed by deed of 28-03-2022, still in office
Control
Capital
- Contribution
- €6,000
- Shares
- 600
- Contribution per share
- €10
- Equity per share
- €1.43 in 2025
- Source
- deed of 28-03-2022
Articles of association
deed of 28-03-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata des actions acquises, organe d'administration”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “1. Premier exercice social et première assemblée générale ordinaire Le premier exercice social débutera le jour de l’e-dépôt au greffe d’une…”
Shareholders
At incorporation
deed of 28-03-2022 ↗
- LESPAGNOL Olivier 600 shares (100%) · €6,000 in cash
Network & group
No group
VALIDOC has no parent and no holdings in its annual accounts. LESPAGNOL Olivier is the only director. VALIDOC shares no director with another company.
Timeline
Timeline
9 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 90 days late
2025
Weakest financial year net -€38,801 The net result drops to -€38,801, the lowest from 2022 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0783804045
Annual accounts 2024 filed PDFmicro format · 30 days late
2024
Back to profit net €36,099 The net result is €36,099, after 2 loss-making years.
Annual accounts 2023 filed PDFmicro format · 61 days late
2023
Annual accounts 2022 filed PDFmicro format · 57 days late
2022
IncorporationFounding capital of €6,000, 600 shares · Founder: LESPAGNOL Olivier · Appointment: LESPAGNOL Olivier (director) · published on 28-03-20225 points ▸
- Founder, LESPAGNOL Olivier
- Founding capital, €6,000, 600 shares
- LESPAGNOL Olivier holds all the shares
- Registered office clause, Villerot, rue de Sirault 29
- Director appointment, LESPAGNOL Olivier (director (not named in the articles))
- The deed holds 6 more points.
First establishment Rue de Sirault 29, Saint-Ghislain
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
VALIDOC was incorporated on 24 March 2022 as a private limited company by one natural person, with a starting capital of €6,000.12 LESPAGNOL Olivier is director of the company, appointed by deed of 28-03-2022.2 Total assets rose from €4,055 in 2022 to €32,689 in 2025.3
Company details
Identity
- Enterprise number
- 0783.804.045
- VAT number
- BE 0783.804.045
- Peppol ID
- 0208:0783804045
- Other Peppol ID
- 9925:BE0783804045
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 24-03-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “1. Premier exercice social et première assemblée générale ordinaire Le premier exercice social débutera le jour de l’e-dépôt au greffe d’une…”deed of 28-03-2022 (in French)
- Peppol
- Reachable since 30-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- VALIDOC in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 28-03-2022 (in French)
Activities
NACEBEL 2025VAT activities
71209
Other technical testing and analysis main activity
Social security (RSZ) activities
71209
Other technical testing and analysis main activity
Codes under NACEBEL 2008
VAT activities
71209
Other technical testing and analysis main activity
70100
Activities of head offices
70220
Business consulting
74909
Other professional, scientific and technical activities
Social security (RSZ) activities
71209
Other technical testing and analysis main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Le contrôle et la validation des compétences pour la conduite d’engins de manutention,d’utilisation de matériel dangereux; La certification…”deed of 28-03-2022 (in French)
7 activities
- Le contrôle et la validation des compétences pour la conduite d’engins de manutention,d’utilisation de matériel dangereux.
- La certification des systèmes de gestion de la qualité,de la sécurité et de l’environnement ainsi que tout autre système en relation avec les compétences de la société.
- La réalisation des audits et inspections de conformité ainsi que des prélèvements de toute nature,l’étude de toute question et la mise en œuvre de tous les moyens matériels et intellectuels ainsi que les services nécessaires.
- La gestion des investissements et des participations dans des sociétés-filles,l'exercice de fonctions d'administration de même nature que les activités de la société. Ces services peuvent être fournis sur une base contractuelle ou statutaire.
- Accorder des prêts et avances sous quelque forme ou quelle durée que ce soit,à toutes les entreprises liées ou entreprises dans lesquelles elle possède une participation,ainsi que garantir tous les engagements des mêmes entreprises.
- La prise de participations dans des investissements immeubles,toute activité relative à des biens immeubles bâtis ou non bâtis,ainsi que toutes opérations quelconques en matière de droit immobiliers et plus particulièrement : la prise en location,la mise en location,l'acquisition par l'achat ou autrement,la vente,l'échange,l'amélioration,l'équipement,l'aménagement,la location financement de biens immeubles.
- La prise de participations dans toutes sociétés,entreprises et opérations mobilières ou immobilières,commerciales,civiles ou financières,gérer ces participations et les financer. La société peut par n'importe quel moyen,prendre des intérêts dans,coopérer ou fusionner avec toutes associations,affaires,entreprises,ou sociétés qui ont un objet social identique,similaire ou connexe,ou qui sont susceptibles de favoriser son entreprise ou de faciliter la vente de ses produits ou services.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de Sirault 29 registered office 7334 Saint-Ghislain | 24-03-2022 | 2.332.890.679 |
Buildings and parcels at the address
- Ground area
- 1,437 m²
- Buildings
- 188 m²
- Volume, LiDAR
- 1,085 m³
- Tallest building
- 7.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53077A0115/00R000 | 1,437 m² | 1 · 188 m² | 7.2 m · 2 |