Valora
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 21-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €458,351, larger than the loss of €234,630 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Securities and guarantees
| Item | 2024 | 2025 |
|---|---|---|
| Debts secured on the company's own assets | €910,771 | - |
| Mortgages, amount registered | €25,000 | - |
| Mortgage mandates | €1.9m | - |
| Carrying value of the mortgaged assets | €2.3m | - |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €993 | €566 | ▼ 43.0% |
| Other operating charges640/8 | €906 | €678 | ▼ 25.2% |
| Gross operating margin9900 | -€232,731 | -€457,107 | ▼ 96.4% |
| Operating profit (loss)9901 | -€234,630 | -€458,351 | ▼ 95.4% |
| Financial charges65/66B | €44,253 | €64,422 | ▲ 45.6% |
| Recurring financial charges65 | €44,253 | €64,422 | ▲ 45.6% |
| Profit (loss) for the period before taxes9903 | -€278,883 | -€522,773 | ▼ 87.5% |
| Profit (loss) for the period9904 | -€278,883 | -€522,773 | ▼ 87.5% |
| Profit (loss) for the period to be appropriated9905 | -€278,883 | -€522,773 | ▼ 87.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.3m | €0.4m | ▼ 84.7% |
| Formation expenses20 | €0.002m | €0.001m | ▼ 30.8% |
| Current assets29/58 | €2.3m | €0.4m | ▼ 84.7% |
| Stocks and contracts in progress3 | €2.3m | €0.4m | ▼ 84.7% |
| Stocks30/36 | €2.3m | €0.4m | ▼ 84.7% |
| Cash at bank and in hand54/58 | €311 | €136 | ▼ 56.3% |
| Deferred charges and accrued income490/1 | €72 | €162 | ▲ 126% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.3m | €0.4m | ▼ 84.7% |
| Equity10/15 | €0.7m | €0.2m | ▼ 75.3% |
| Contributions10/11 | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.8m | ▼ 187% |
| Amounts payable17/49 | €1.6m | €0.2m | ▼ 88.7% |
| Amounts payable within one year42/48 | €1.6m | €0.2m | ▼ 88.7% |
| Current portion of amounts payable after more than one year42 | €0.9m | - | - |
| Trade debts44 | €0.008m | €330 | ▼ 96.0% |
| Suppliers440/4 | €0.008m | €330 | ▼ 96.0% |
| Taxes, remuneration and social security45 | €0.003m | €0.001m | ▼ 77.4% |
| Taxes450/3 | €0.003m | €0.001m | ▼ 77.4% |
| Other amounts payable47/48 | €0.7m | €0.2m | ▼ 74.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€278,883 | -€522,773 | ▼ 87.5% |
| + Depreciation and write-downs630 | €993 | €566 | ▼ 43.0% |
| Operating cash flow (approximation) | -€277,890 | -€522,207 | ▼ 87.9% |
| Change in cash | - | -€175 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as Valora has now. Two years later, 87.7% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Valora itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for Valora. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.