VALOR PROJECT
InactiveVALOR PROJECT was declared bankrupt on 22-02-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 12-06-2025, published in the Belgian State Gazette on 17-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-09-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
30-09-2021 close30-04-2022 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2020 was due by 30-04-2021 and was filed on 27-05-2021, 27 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
27 d late
2019
6 d early
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€68k▲ 47.3%
2019 · €46k
2018: €39k
2019: €46k
2018 → 2020
Total assets
€70k▼ 26.2%
2019 · €94k
2018: €40k
2019: €94k
2018 → 2020
Net result
€22k▲ 194%
2019 · €7k
2018: €33k
2019: €7k
2018 → 2020
Working capital
€64k▲ 54.0%
2019 · €42k
2018: €36k
2019: €42k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€39k-€46k▲ 19.2%€68k▲ 47.3%
Operating result€33k-€20k▼ 40.6%€22k▲ 12.8%
Net result€33k-€7k▼ 77.1%€22k▲ 194%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 13% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €70k
Fixed assets
€4k▼ 12.4%
Current assets
€66k▼ 27.0%
Equity and liabilities €70k
Equity
€68k▲ 47.3%
Debt
€1k▼ 97.5%
The debt ratio falls from 50.8% to 1.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▼
2019 · €23k
Cash flow
€23k▲
2019 · €11k
Solvency
98.3%▲
2019 · 49.2%
Current ratio
54.71▲
2019 · 1.87
Quick ratio
54.71▲
2019 · 1.87
ROE
32.1%▲
2019 · 16.1%
ROA
31.6%▲
2019 · 7.9%
Debt
€1k▼
2019 · €48k
Debt ≤ 1 year
€1k▼
2019 · €48k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€94k€70k▼
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Current assets29/58€90k€66k▼
Amounts receivable within one year40/41€28k€11k▼
Cash at bank and in hand54/58€62k€52k▼
Equity and liabilities
Total equity and liabilities10/49€94k€70k▼
Equity10/15€46k€68k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k▲
Profit (loss) carried forward14€39k€60k▲
Amounts payable17/49€48k€1k▼
Amounts payable within one year42/48€48k€1k▼
Trade debts44€48k€1k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€582▼
Gross operating margin9900€33k€27k▼
Operating profit (loss)9901€20k€22k▲
Recurring financial charges65€12k€148▼
Profit (loss) for the period before taxes9903€7k€22k▲
Profit (loss) for the period9904€7k€22k▲
Profit (loss) for the period to be appropriated9905€7k€22k▲
Timeline · acts, filings and financial milestones
2025
17-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · VALOR PROJECT CV SPECHTENLAAN 7, 3080 TERVUREN · event 12-06-2025
2024
28-02
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · VALOR PROJECT CV SPECH- TENLAAN 7, 3080 TERVUREN · event 22-02-2024
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-09
Financial
Liquidity times 29current ratio 54.71
Current ratio from 1.87 to 54.71; short-term debt falls from €48k to €1k.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €7k ▼77.1%
Net result drops to €7k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61,
3290 DIEST |
22-02-2024 → present |
| Curator | ELS VAN ERUM ENGELAND-
STRAAT 61, 3290 DIEST |
22-02-2024 → present |