VALMAR
ActiveSummary
VALMAR has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,409 and a net result of €4,719. Equity is shrinking by ~6.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-6
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 8.48 against 6.24 in 2024; short-term debt: 9.3% and cash: 78.4% of total assets), and 9.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
90.7%
Return on assets
4.8%
Age of the figures
9 mo
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 €88,409
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
41 d late
2023
30 d late
2022
31 d late
2021
2 d late
2020
1 d early
2019
126 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 29 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€54,850
EBIT margin
2.3%
Net result
€4,719▼ 50.0%
2024 · €9,430
Working capital
€68,144▲ 14.3%
2024 · €59,635
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
Line20212022202320242025
Turnover
Operating result€30,059▲ 130%€20,883▼ 30.5%€6,543▼ 68.7%€12,961▲ 98.1%€3,736▼ 71.2%
Net result€29,712▲ 130%€15,255▼ 48.7%€8,948▼ 41.3%€9,430▲ 5.4%€4,719▼ 50.0%
EBIT margin
Equity€168,057▲ 21.5%€65,312▼ 61.1%€74,260▲ 13.7%€83,690▲ 12.7%€88,409▲ 5.6%
Total assets€187,569▲ 33.7%€87,559▼ 53.3%€81,851▼ 6.5%€95,081▲ 16.2%€97,517▲ 2.6%
Debt€19,512▲ 889%€22,246▲ 14.0%€7,590▼ 65.9%€11,391▲ 50.1%€9,108▼ 20.0%
Working capital€138,270▲ 11.6%€33,679▼ 75.6%€46,416▲ 37.8%€59,635▲ 28.5%€68,144▲ 14.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97,517
Fixed assets
€20,265 ▼ 15.8%
Current assets
€77,252 ▲ 8.8%
Equity and liabilities €97,517
Equity
€88,409 ▲ 5.6%
Debt
€9,108 ▼ 20.0%
Debt's share of the balance-sheet total falls from 12.0% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,525▼
2024 · €16,750
Cash flow
€8,509▼
2024 · €13,219
Current ratio
8.48▲
2024 · 6.24
Debt to equity
0.10▼
2024 · 0.14
ROE
5.3%▼
2024 · 11.3%
ROA
4.8%▼
2024 · 9.9%
Interest coverage
71.67▼
2024 · 372.23
Debt ≤ 1 year
€9,108▼
2024 · €11,391
Income taxes
€1,718▼
2024 · €3,532
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,486 | €3,500 | €3,789 | €3,789 | €3,789 | = |
| Other operating charges640/8 | €2,749 | €2,964 | €3,249 | €3,381 | €3,557 | ▲ 5.2% |
| Non-recurring operating charges66A | - | €11,342 | - | - | - | - |
| Gross operating margin9900 | €35,294 | €38,690 | €13,581 | €20,131 | €11,082 | ▼ 44.9% |
| Operating profit (loss)9901 | €30,059 | €20,883 | €6,543 | €12,961 | €3,736 | ▼ 71.2% |
| Financial income75/76B | €17,181 | - | €5,767 | €46 | €2,807 | ▲ 6,040% |
| Recurring financial income75 | €17,181 | - | €5,767 | €46 | €2,807 | ▲ 6,040% |
| Financial charges65/66B | €314 | €75 | €105 | €45 | €105 | ▲ 133% |
| Recurring financial charges65 | €314 | €75 | €105 | €45 | €105 | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €46,926 | €20,808 | €12,205 | €12,962 | €6,437 | ▼ 50.3% |
| Income taxes67/77 | €17,215 | €5,553 | €3,257 | €3,532 | €1,718 | ▼ 51.4% |
| Profit (loss) for the period9904 | €29,712 | €15,255 | €8,948 | €9,430 | €4,719 | ▼ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €29,712 | €15,255 | €8,948 | €9,430 | €4,719 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187,569 | €87,559 | €81,851 | €95,081 | €97,517 | ▲ 2.6% |
| Fixed assets21/28 | €29,788 | €31,633 | €27,844 | €24,055 | €20,265 | ▼ 15.8% |
| Tangible fixed assets22/27 | €29,788 | €31,633 | €27,844 | €24,055 | €20,265 | ▼ 15.8% |
| Other tangible fixed assets26 | €29,788 | €31,633 | €27,844 | €24,055 | €20,265 | ▼ 15.8% |
| Current assets29/58 | €157,781 | €55,926 | €54,007 | €71,026 | €77,252 | ▲ 8.8% |
| Cash at bank and in hand54/58 | €157,163 | €55,926 | €53,253 | €70,261 | €76,479 | ▲ 8.9% |
| Deferred charges and accrued income490/1 | €618 | - | €754 | €766 | €772 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187,569 | €87,559 | €81,851 | €95,081 | €97,517 | ▲ 2.6% |
| Equity10/15 | €168,057 | €65,312 | €74,260 | €83,690 | €88,409 | ▲ 5.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €26,742 | €26,742 | €26,742 | €26,742 | €26,742 | = |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | €23,643 | €23,643 | €23,643 | €23,643 | €23,643 | = |
| Profit (loss) carried forward14 | €79,315 | -€23,430 | -€14,482 | -€5,052 | -€333 | ▲ 93.4% |
| Amounts payable17/49 | €19,512 | €22,246 | €7,590 | €11,391 | €9,108 | ▼ 20.0% |
| Amounts payable within one year42/48 | €19,512 | €22,246 | €7,590 | €11,391 | €9,108 | ▼ 20.0% |
| Trade debts44 | €3,476 | €13,182 | €30 | €3,257 | €3,788 | ▲ 16.3% |
| Suppliers440/4 | €3,476 | €13,182 | €30 | €3,257 | €3,788 | ▲ 16.3% |
| Taxes, remuneration and social security45 | €12,524 | €5,553 | €3,257 | €3,532 | €1,718 | ▼ 51.4% |
| Taxes450/3 | €12,524 | €5,553 | €3,257 | €3,532 | €1,718 | ▼ 51.4% |
| Other amounts payable47/48 | €3,511 | €3,511 | €4,303 | €4,602 | €3,602 | ▼ 21.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,712 | €15,255 | €8,948 | €9,430 | €4,719 | ▼ 50.0% |
| + Depreciation and write-downs630 | €2,486 | €3,500 | €3,789 | €3,789 | €3,789 | = |
| Operating cash flow (approximation) | €32,198 | €18,755 | €12,737 | €13,219 | €8,509 | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | -€5,345 | €0 | €0 | €0 | - |
| Change in cash | - | -€101,238 | -€2,673 | €17,008 | €6,219 | ▼ 63.4% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 7.12
Current ratio from 2.51 to 7.12; short-term debt falls from €22,246 to €7,590.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Highest result since 2018net €29,712 ▲130%
Operating result €30,059, net result €29,712, both a record.
31-12
Financial
Equity above €150,000Eq €168,057 ▲21.5%
4 profitable years in a row build equity to €168,057.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 63.80
Current ratio from 15.84 to 63.80; short-term debt falls from €8,451 to €1,972.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Jette · 1 establishment unit since 1988
Ground area
279 m²
Building footprint
258 m²
Volume, LiDAR
1,685 m³
Parcel 21464D0161/00T011, Brussels · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Edouard Faesstraat 61, 1090 Jette
since 19882.041.224.844
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0161/00T011 | Brussels | 279 m² | 1 · 258 m² | 12.1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded04-12-1987
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432684831
Also
9925:BE0432684831
Registered
17-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.