VALMAXYS
ActiveSummary
VALMAXYS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79,086 and a net result of -€47,158. Equity is growing by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability2▼-98
Solvency47▼-38
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.25 against 2.35 in 2023; short-term debt: 77.8% and cash: 2.1% of total assets), and 77.8% of the assets are financed with debt.
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Signals
Four 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.2%
Return on assets
-13.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
2025
not confirmed
2024
61 d late
2023
72 d late
2022
88 d late
2021
25 d late
2020
61 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 68 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
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Financials · fiscal year 2024, micro schema
Equity
€79,086▼ 37.4%
2023 · €126,244
Total assets
€356,767▲ 69.2%
2023 · €210,868
Net result
-€47,158
2023 · €95,122
Working capital
€70,389▼ 38.5%
2023 · €114,525
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€9,284▼ 66.8%€4,136▼ 55.4%€13,851▲ 235%€8,896▼ 35.8%-€56,006
Net result€2,640▼ 85.3%€309▼ 88.3%€5,070▲ 1,542%€95,122▲ 1,776%-€47,158
Equity€77,082▲ 3.5%€77,391▲ 0.4%€79,122▲ 2.2%€126,244▲ 59.6%€79,086▼ 37.4%
Total assets€101,946▼ 2.1%€105,336▲ 3.3%€98,235▼ 6.7%€210,868▲ 115%€356,767▲ 69.2%
Debt€24,864▼ 16.2%€27,945▲ 12.4%€19,113▼ 31.6%€84,624▲ 343%€277,681▲ 228%
Working capital€72,651▲ 11.8%€72,253▼ 0.5%€76,331▲ 5.6%€114,525▲ 50.0%€70,389▼ 38.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €56,006 after €8,896 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €356,767
Fixed assets
€8,697 ▼ 25.8%
Current assets
€348,070 ▲ 74.8%
Equity and liabilities €356,767
Equity
€79,086 ▼ 37.4%
Debt
€277,681 ▲ 228%
Debt's share of the balance-sheet total rises from 40.1% to 77.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€51,889▼
2023 · €11,354
Cash flow
-€43,041▼
2023 · €97,580
Current ratio
1.25▼
2023 · 2.35
Quick ratio
0.33▼
2023 · 2.35
Debt to equity
3.51▲
2023 · 0.67
ROE
-59.6%▼
2023 · 75.3%
ROA
-13.2%▼
2023 · 45.1%
Interest coverage
-144.46▼
2023 · 39.00
Debt ≤ 1 year
€277,681▲
2023 · €84,624
Income taxes
€880▼
2023 · €25,374
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,221 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,239 | €2,203 | €2,346 | €2,458 | €4,117 | ▲ 67.5% |
| Other operating charges640/8 | - | €1,258 | €316 | €2,345 | €1,200 | ▼ 48.9% |
| Gross operating margin9900 | €18,814 | €7,598 | €16,513 | €13,699 | -€50,689 | ▼ 470% |
| Operating profit (loss)9901 | €9,284 | €4,136 | €13,851 | €8,896 | -€56,006 | ▼ 730% |
| Financial income75/76B | - | €0 | €0 | €111,891 | €10,087 | ▼ 91.0% |
| Recurring financial income75 | €72 | €0 | €0 | €262 | €10,087 | ▲ 3,749% |
| Non-recurring financial income76B | - | - | - | €111,629 | €0 | ▼ 100% |
| Financial charges65/66B | - | €328 | €292 | €291 | €359 | ▲ 23.4% |
| Recurring financial charges65 | €663 | €328 | €292 | €291 | €359 | ▲ 23.4% |
| Profit (loss) for the period before taxes9903 | €8,693 | €3,809 | €13,559 | €120,496 | -€46,278 | ▼ 138% |
| Transfer from deferred taxes780 | - | €0 | - | - | - | - |
| Income taxes67/77 | €6,098 | €3,500 | €8,490 | €25,374 | €880 | ▼ 96.5% |
| Profit (loss) for the period9904 | €2,640 | €309 | €5,070 | €95,122 | -€47,158 | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | €2,640 | €309 | €5,070 | €95,122 | -€47,158 | ▼ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,946 | €105,336 | €98,235 | €210,868 | €356,767 | ▲ 69.2% |
| Fixed assets21/28 | €4,431 | €5,138 | €2,791 | €11,720 | €8,697 | ▼ 25.8% |
| Tangible fixed assets22/27 | €4,431 | €5,138 | €2,791 | €11,720 | €8,697 | ▼ 25.8% |
| Land and buildings22 | - | - | - | €597 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €1,790 | €1,193 | €0 | - | - |
| Furniture and vehicles24 | - | €3,348 | €1,598 | €11,123 | €8,697 | ▼ 21.8% |
| Current assets29/58 | €97,515 | €100,198 | €95,444 | €199,149 | €348,070 | ▲ 74.8% |
| Amounts receivable after more than one year29 | - | €5,000 | €5,000 | €5,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €5,000 | €5,000 | €5,000 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | - | - | - | €257,126 | - |
| Stocks30/36 | - | - | - | - | €257,126 | - |
| Amounts receivable within one year40/41 | - | - | - | €4,747 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €4,747 | €0 | ▼ 100% |
| Current investments50/53 | €79,505 | €79,505 | €79,505 | €166,132 | €83,561 | ▼ 49.7% |
| Cash at bank and in hand54/58 | €12,705 | €14,763 | €10,939 | €23,270 | €7,383 | ▼ 68.3% |
| Deferred charges and accrued income490/1 | - | €930 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,946 | €105,336 | €98,235 | €210,868 | €356,767 | ▲ 69.2% |
| Equity10/15 | €77,082 | €77,391 | €79,122 | €126,244 | €79,086 | ▼ 37.4% |
| Contributions10/11 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Reserves13 | €41,455 | €41,455 | €46,525 | €46,525 | €46,525 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €39,595 | €44,665 | €44,665 | €44,665 | = |
| Profit (loss) carried forward14 | €28,127 | €28,436 | €25,098 | €72,220 | €25,062 | ▼ 65.3% |
| Amounts payable17/49 | €24,864 | €27,945 | €19,113 | €84,624 | €277,681 | ▲ 228% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €24,864 | €27,945 | €19,113 | €84,624 | €277,681 | ▲ 228% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €2,277 | €1,591 | €132 | €2,759 | €6,784 | ▲ 146% |
| Suppliers440/4 | - | €1,591 | €132 | €2,759 | €6,784 | ▲ 146% |
| Taxes, remuneration and social security45 | - | €13,509 | €16,470 | €33,864 | €26,096 | ▼ 22.9% |
| Taxes450/3 | - | €9,598 | €12,521 | €33,864 | €26,096 | ▼ 22.9% |
| Remuneration and social security454/9 | - | €3,911 | €3,950 | €0 | - | - |
| Other amounts payable47/48 | - | €12,845 | €2,511 | €48,000 | €244,801 | ▲ 410% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,640 | €309 | €5,070 | €95,122 | -€47,158 | ▼ 150% |
| + Depreciation and write-downs630 | €8,239 | €2,203 | €2,346 | €2,458 | €4,117 | ▲ 67.5% |
| Operating cash flow (approximation) | €10,878 | €2,511 | €7,416 | €97,580 | -€43,041 | ▼ 144% |
| Investment in fixed assets (approximation) | - | -€2,909 | €0 | -€11,386 | -€1,095 | ▲ 90.4% |
| Change in cash | - | €2,058 | -€3,824 | €12,331 | -€15,886 | ▼ 229% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet -€47,158
Net result drops to -€47,158, the lowest in the series.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Highest result since 2018net €95,122 ▲1,776%
Net result €95,122, the highest in the series.
31-12
Financial
Equity above €100,000Eq €126,244 ▲59.6%
6 profitable years in a row build equity to €126,244.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2003
Ground area
241 m²
Building footprint
201 m²
Volume, LiDAR
1,332 m³
Parcel 11041C0314/00T004, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VALMAXYS
since 20032.134.048.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041C0314/00T004 | Flanders | 241 m² | 1 · 201 m² | 10.8 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 formPrivate limited company (pre-2019)
Founded10-10-2003
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860981205
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.