VALLEI
InactiveInactive; last annual accounts for fiscal year 2024. Dissolved without liquidation on 16-12-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
2024
29 d late
2023
9 d early
2022
11 d early
2021
18 d late
2020
31 d late
2019
75 d late
2018
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 12 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€123,515▲ 0.1%
2023 · €123,349
Total assets
€130,090▼ 27.9%
2023 · €180,345
Net result
€166
2023 · -€8,746
Working capital
€123,515▲ 250%
2023 · €35,303
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€35,071▼ 6.2%€22,818▼ 34.9%€55,638▲ 144%-€9,908€2,036
Net result€30,202▼ 2.3%€18,539▼ 38.6%€39,504▲ 113%-€8,746€166
Equity€79,053▲ 34.3%€92,592▲ 17.1%€132,095▲ 42.7%€123,349▼ 6.6%€123,515▲ 0.1%
Total assets€220,993▼ 3.9%€175,231▼ 20.7%€213,926▲ 22.1%€180,345▼ 15.7%€130,090▼ 27.9%
Debt€141,940▼ 17.0%€82,639▼ 41.8%€81,830▼ 1.0%€56,996▼ 30.3%€6,574▼ 88.5%
Working capital€42,588▲ 87.0%€70,829▲ 66.3%€114,027▲ 61.0%€35,303▼ 69.0%€123,515▲ 250%
Staff (FTE)1.1▼ 8.3%1▼ 9.1%0
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 returns to profit in 2024: €2,036 after a loss of €9,908 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €130,090
Equity
€123,515 ▲ 0.1%
Debt
€6,574 ▼ 88.5%
Debt's share of the balance-sheet total falls from 31.6% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2,036▲
2023 · -€3,357
Cash flow
€166▲
2023 · -€2,196
Current ratio
19.79▲
2023 · 1.62
Debt to equity
0.05▼
2023 · 0.46
ROE
0.1%▲
2023 · -7.1%
ROA
0.1%▲
2023 · -4.8%
Interest coverage
1.09▲
2023 · -2.93
Debt ≤ 1 year
€6,574▼
2023 · €56,996
Staff costs
€0▼
2023 · €342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €43,426 | €23,075 | €342 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,947 | €35,388 | €3,464 | €6,551 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €5,370 | €5,140 | €4,279 | €56,727 | ▲ 1,226% |
| Non-recurring operating charges66A | - | - | €135 | €0 | - | - |
| Gross operating margin9900 | €112,955 | €107,002 | €87,452 | €1,264 | €58,763 | ▲ 4,550% |
| Operating profit (loss)9901 | €35,071 | €22,818 | €55,638 | -€9,908 | €2,036 | ▲ 121% |
| Financial income75/76B | - | €3,312 | €818 | €2,307 | €0 | ▼ 100% |
| Recurring financial income75 | €2,108 | €3,312 | €818 | €2,307 | €0 | ▼ 100% |
| Financial charges65/66B | - | €2,773 | €1,056 | €1,145 | €1,870 | ▲ 63.3% |
| Recurring financial charges65 | €5,261 | €2,773 | €1,056 | €1,145 | €1,870 | ▲ 63.3% |
| Profit (loss) for the period before taxes9903 | €31,918 | €23,357 | €55,401 | -€8,746 | €166 | ▲ 102% |
| Income taxes67/77 | €1,716 | €4,818 | €15,897 | €0 | - | - |
| Profit (loss) for the period9904 | €30,202 | €18,539 | €39,504 | -€8,746 | €166 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €30,202 | €18,539 | €39,504 | -€8,746 | €166 | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €220,993 | €175,231 | €213,926 | €180,345 | €130,090 | ▼ 27.9% |
| Fixed assets21/28 | €52,021 | €21,763 | €18,069 | €88,046 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €52,021 | €21,763 | €18,069 | €88,046 | €0 | ▼ 100% |
| Land and buildings22 | - | €1,727 | €1,054 | €0 | - | - |
| Plant, machinery and equipment23 | - | €19,423 | €16,740 | €14,057 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €613 | €275 | €167 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €73,822 | €0 | ▼ 100% |
| Current assets29/58 | €168,972 | €153,467 | €195,857 | €92,299 | €130,090 | ▲ 40.9% |
| Stocks and contracts in progress3 | €98,053 | €116,461 | €99,152 | €0 | - | - |
| Stocks30/36 | - | €116,461 | €99,152 | €0 | - | - |
| Amounts receivable within one year40/41 | €15,453 | €2,561 | €22,170 | €89,425 | €127,202 | ▲ 42.2% |
| Trade receivables40 | - | €1,780 | €20,981 | €88,988 | €126,536 | ▲ 42.2% |
| Other amounts receivable41 | - | €781 | €1,189 | €438 | €666 | ▲ 52.2% |
| Current investments50/53 | €805 | €805 | €805 | €805 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €53,264 | €33,186 | €70,455 | €1,125 | €2,888 | ▲ 157% |
| Deferred charges and accrued income490/1 | - | €454 | €3,275 | €943 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €220,993 | €175,231 | €213,926 | €180,345 | €130,090 | ▼ 27.9% |
| Equity10/15 | €79,053 | €92,592 | €132,095 | €123,349 | €123,515 | ▲ 0.1% |
| Contributions10/11 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €5,000 | €5,000 | €82,095 | €73,349 | €73,515 | ▲ 0.2% |
| Non-distributable reserves130/1 | - | €5,000 | €5,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €5,000 | €5,000 | €0 | - | - |
| Distributable reserves133 | - | - | €77,095 | €73,349 | €73,515 | ▲ 0.2% |
| Profit (loss) carried forward14 | €24,053 | €37,592 | €0 | - | - | - |
| Amounts payable17/49 | €141,940 | €82,639 | €81,830 | €56,996 | €6,574 | ▼ 88.5% |
| Amounts payable after more than one year17 | €15,556 | - | - | - | - | - |
| Amounts payable within one year42/48 | €126,384 | €82,639 | €81,830 | €56,996 | €6,574 | ▼ 88.5% |
| Current portion of amounts payable after more than one year42 | - | €15,556 | €0 | - | - | - |
| Trade debts44 | €38,687 | €7,993 | €45,294 | €28,872 | €6,574 | ▼ 77.2% |
| Suppliers440/4 | - | €7,993 | €45,294 | €28,872 | €6,574 | ▼ 77.2% |
| Advances received on contracts in progress46 | - | €32,600 | €1,991 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €20,647 | €23,353 | €15,897 | €0 | ▼ 100% |
| Taxes450/3 | - | €10,938 | €22,046 | €15,897 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €9,709 | €1,307 | €0 | - | - |
| Other amounts payable47/48 | - | €5,843 | €11,192 | €12,226 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,202 | €18,539 | €39,504 | -€8,746 | €166 | ▲ 102% |
| + Depreciation and write-downs630 | €33,947 | €35,388 | €3,464 | €6,551 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €64,149 | €53,927 | €42,967 | -€2,196 | €166 | ▲ 108% |
| Investment in fixed assets (approximation) | - | -€5,130 | €231 | -€76,528 | €88,046 | ▲ 215% |
| Change in cash | - | -€20,078 | €37,269 | -€69,330 | €1,762 | ▲ 103% |
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
2026
16-01
State Gazette act
Restructuring · End & cessationPermanent representative: Domingo Expeels · Merger · Dissolution6 facts ▸
State Gazette act
Restructuring · End & cessation
Permanent representative: Domingo Expeels · Merger · Dissolution6 facts ▸
- General meeting, 16-12-2025
- General meeting, 16-12-2025
- Merger, 16-12-2025, 01-09-2025
- Dissolution, 16-12-2025
- Permanent representative, Domingo Expeels
- Approval, 31-08-2025
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €166
Net result €166 after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 19.79
Current ratio from 1.62 to 19.79; short-term debt falls from €56,996 to €6,574.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€8,746
Net result drops to -€8,746, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €39,504 ▲113%
Operating result €55,638, net result €39,504, both a record.
31-12
Financial
Equity above €100,000Eq €132,095 ▲42.7%
5 profitable years in a row build equity to €132,095.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 75 days late
Show earlier events
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- PROlectro
- VALLEI
Highest known parent: PROlectro. The sources do not say who stands above it.
Owners 1
- PROlectroparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:PROlectro