VALMU

Active

Private limited companyfounded 200422 yrs activeRue du Couvent 7-9, 1410 Waterloo, BelgiumKBO/BCE: BE 0864.612.468

The computed 12-month bankruptcy probability of VALMU is 1.9% (moderate). The 2024 annual accounts show negative equity (€-37k) and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 18939 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

16 / 100

Critical▲ +9 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency36=

Growth58▲+26

Stability100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.63 against 0.64 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

-14.7%

Return on assets

5.5%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 18939 sector peers (2024).

NBB · sector comparison

Position among 18939 sector peers

Solvency

better than 22%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 filings

Deviation from the deadline

2025

not confirmed

2024

57 d late

2023

26 d late

2022

10 d late

2021

61 d late

2020

86 d late

2019

122 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-37k▲ 27.0%

2023 · €-50k

2018: €21k 2019: €23k 2020: €-9k 2021: €37k 2022: €15k 2023: €-50k

2018 → 2024

Total assets

€248k▲ 1.5%

2023 · €244k

2018: €100k 2019: €229k 2020: €173k 2021: €240k 2022: €276k 2023: €244k

2018 → 2024

Net result

€14k

2023 · €-65k

2018: €7k 2019: €2k 2020: €-32k 2021: €46k 2022: €-22k 2023: €-65k

2018 → 2024

Working capital

€-98k▼ 1.1%

2023 · €-97k

2018: €7k 2019: €-16k 2020: €-33k 2021: €25k 2022: €-21k 2023: €-97k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-9k-€37k€15k▼ 58.5%€-50k€-37k▲ 27.0%

Operating result€-19k-€51k€-18k€-58k▼ 231%€24k

Net result€-32k-€46k€-22k€-65k▼ 203%€14k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €24k after a loss of €58k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €248k

32.2%

67.8%

Fixed assets €80k▲ 6.7%

Current assets €168k▼ 0.8%

Key figures and ratios

2024 value · change against 2023

EBITDA

€41k▲

2023 · €-41k

Cash flow

€31k▲

2023 · €-48k

Solvency

-14.7%▲

2023 · -20.5%

Current ratio

0.63▼

2023 · 0.64

Quick ratio

0.55▼

2023 · 0.58

Debt / equity

-7.79▼

2023 · -5.88

ROE

-37.0%▼

2023 · 130.5%

ROA

5.5%▲

2023 · -26.7%

Interest coverage

3.94▲

2023 · -5.87

Debt

€285k▼

2023 · €294k

Debt ≤ 1 year

€266k▼

2023 · €266k

Debt > 1 year

€12k▼

2023 · €25k

Income taxes

€140▼

2023 · €143

Staff costs

€280k▼

2023 · €319k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€244k€248k▲

Fixed assets21/28€75k€80k▲

Intangible fixed assets21€45k€36k▼

Tangible fixed assets22/27€30k€38k▲

Plant, machinery and equipment23€18k€29k▲

Furniture and vehicles24€12k€9k▼

Financial fixed assets28€165€6k▲

Current assets29/58€169k€168k▼

Amounts receivable after more than one year29€13k€11k▼

Other amounts receivable291€13k€11k▼

Stocks and contracts in progress3€16k€21k▲

Stocks30/36€16k€21k▲

Amounts receivable within one year40/41€113k€124k▲

Trade receivables40€11k€5k▼

Other amounts receivable41€103k€119k▲

Cash at bank and in hand54/58€15k€1k▼

Deferred charges and accrued income490/1€11k€10k▼

Equity and liabilities

Total equity and liabilities10/49€244k€248k▲

Equity10/15€-50k€-37k▲

Contributions10/11€6k€6k=

Reserves13€13k€13k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€11k€11k=

Profit (loss) carried forward14€-69k€-56k▲

Amounts payable17/49€294k€285k▼

Amounts payable after more than one year17€25k€12k▼

Financial debts170/4€25k€12k▼

Amounts payable within one year42/48€266k€266k▼

Current portion of amounts payable after more than one year42€14k€14k▼

Financial debts43€6k€13k▲

Credit institutions430/8€6k€13k▲

Trade debts44€83k€71k▼

Suppliers440/4€83k€71k▼

Taxes, remuneration and social security45€151k€146k▼

Taxes450/3€56k€52k▼

Remuneration and social security454/9€94k€95k▲

Other amounts payable47/48€13k€23k▲

Accrued charges and deferred income492/3€3k€7k▲

Income statement Code20232024

Non-recurring operating income76A€310€0▼

Remuneration, social security and pensions62€319k€280k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▼

Other operating charges640/8€17k€20k▲

Non-recurring operating charges66A€188€2k▲

Gross operating margin9900€295k€342k▲

Operating profit (loss)9901€-58k€24k▲

Financial income75/76B€185€171▼

Recurring financial income75€185€171▼

Financial charges65/66B€7k€10k▲

Recurring financial charges65€7k€10k▲

Profit (loss) for the period before taxes9903€-65k€14k▲

Income taxes67/77€143€140▼

Profit (loss) for the period9904€-65k€14k▲

Profit (loss) for the period to be appropriated9905€-65k€14k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-69k€-56k▲

Profit (loss) brought forward from the previous period14P€-4k€-69k▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

26-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 57 days late

2024

31-12

Financial Back to profitnet €14k

Net result €14k after 2 loss-making years.

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

31-12

Financial Weakest financial yearnet €-65k

Net result drops to €-65k, the lowest in the series; recovery starts the following year.

10-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 10 days late

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 61 days late

2021

31-12

Financial Back to profitnet €46k

Net result €46k after one loss-making year.

25-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 86 days late

2020

30-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 122 days late

2019

26-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 26 days late

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 27 days late

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 5 acts read

About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

no sitting director, last change in 2023

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.

12-10-2023 MOEREMANS Olivier: Resigned as Managing director

27-09-2013 Donat HERTSCHAP: Resigned as Manager

19-01-2013 Georges BUSETTI: Resigned as Managing director

Not every act has been read: a resignation may be missing here

5 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Waterloo · 1 establishment unit since 2004

exact location from the address register On OpenStreetMap

Ground area

120 m²

Building footprint

84 m²

Volume, LiDAR

610 m³

Parcel 25110A0185/00A000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

LA BRASSERIE DU COUVENT