VALOREM
ActiveSummary
VALOREM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,796 and a net result of €14,845. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 28% of 3210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency52▲+27
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.34 in 2024; short-term debt: 52.5% and cash: 0.7% of total assets), and 72.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
27.4%
Return on assets
27.5%
Age of the figures
9 mo
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 12-05-2026, 80 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
80 d early
2024
70 d early
2023
23 d late
2022
45 d early
2021
26 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14,845▼ 47.4%
2024 · €28,220
Working capital
-€155▲ 99.4%
2024 · -€24,493
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
Operating result€2,304▼ 41.1%€7,065▲ 207%-€46,625€30,130€16,328▼ 45.8%
Net result€1,402▲ 46.1%€6,423▲ 358%-€49,053€28,220€14,845▼ 47.4%
Equity€14,361▲ 10.8%€20,785▲ 44.7%-€28,268-€49▲ 99.8%€14,796
Total assets€98,340▼ 5.8%€151,479▲ 54.0%€91,152▼ 39.8%€58,128▼ 36.2%€54,060▼ 7.0%
Debt€83,979▼ 8.2%€130,695▲ 55.6%€119,420▼ 8.6%€58,177▼ 51.3%€39,263▼ 32.5%
Working capital€3,400▼ 91.5%€17,155▲ 404%-€30,419-€24,493▲ 19.5%-€155▲ 99.4%
Staff (FTE)0.10.1=
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,060
Fixed assets
€25,823 ▼ 43.5%
Current assets
€28,236 ▲ 128%
Equity and liabilities €54,060
Equity
€14,796
Debt
€39,263
Debt finances 72.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€36,239▼
2024 · €50,496
Cash flow
€34,755▼
2024 · €48,586
Current ratio
0.99▲
2024 · 0.34
Debt to equity
2.65
ROE
100.3%
ROA
27.5%▼
2024 · 48.5%
Interest coverage
26.39▼
2024 · 26.43
Debt ≤ 1 year
€28,392▼
2024 · €36,888
Debt > 1 year
€10,872▼
2024 · €21,289
Income taxes
€290
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,281 | €5,199 | €3,060 | €214 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,277 | €10,937 | €17,694 | €20,366 | €19,910 | ▼ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,000 | - | -€2,000 | - |
| Other operating charges640/8 | €899 | €836 | €909 | €915 | €2,926 | ▲ 220% |
| Gross operating margin9900 | €21,762 | €24,037 | -€22,962 | €51,626 | €37,164 | ▼ 28.0% |
| Operating profit (loss)9901 | €2,304 | €7,065 | -€46,625 | €30,130 | €16,328 | ▼ 45.8% |
| Financial income75/76B | €0 | €0 | €100 | - | €180 | - |
| Recurring financial income75 | €0 | €0 | €100 | - | €180 | - |
| Financial charges65/66B | €902 | €642 | €2,528 | €1,910 | €1,373 | ▼ 28.1% |
| Recurring financial charges65 | €902 | €642 | €2,528 | €1,910 | €1,373 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €1,402 | €6,423 | -€49,053 | €28,220 | €15,135 | ▼ 46.4% |
| Income taxes67/77 | - | €0 | - | - | €290 | - |
| Profit (loss) for the period9904 | €1,402 | €6,423 | -€49,053 | €28,220 | €14,845 | ▼ 47.4% |
| Profit (loss) for the period to be appropriated9905 | €1,402 | €6,423 | -€49,053 | €28,220 | €14,845 | ▼ 47.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,340 | €151,479 | €91,152 | €58,128 | €54,060 | ▼ 7.0% |
| Fixed assets21/28 | €48,952 | €67,380 | €66,100 | €45,734 | €25,823 | ▼ 43.5% |
| Intangible fixed assets21 | €48,952 | €67,380 | €64,278 | €44,596 | €25,370 | ▼ 43.1% |
| Tangible fixed assets22/27 | - | €0 | €1,822 | €1,138 | €454 | ▼ 60.1% |
| Land and buildings22 | - | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | €1,822 | €1,138 | €454 | ▼ 60.1% |
| Current assets29/58 | €49,388 | €84,099 | €25,052 | €12,395 | €28,236 | ▲ 128% |
| Amounts receivable within one year40/41 | €13,824 | €50,795 | €22,965 | €9,576 | €26,416 | ▲ 176% |
| Trade receivables40 | €12,372 | €50,795 | €11,185 | €1,785 | €525 | ▼ 70.6% |
| Other amounts receivable41 | €1,452 | €0 | €11,780 | €7,791 | €25,891 | ▲ 232% |
| Cash at bank and in hand54/58 | €35,564 | €33,304 | €1,613 | €1,895 | €362 | ▼ 80.9% |
| Deferred charges and accrued income490/1 | €0 | - | €473 | €924 | €1,458 | ▲ 57.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,340 | €151,479 | €91,152 | €58,128 | €54,060 | ▼ 7.0% |
| Equity10/15 | €14,361 | €20,785 | -€28,268 | -€49 | €14,796 | ▲ 30,364% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Profit (loss) carried forward14 | €2,361 | €8,785 | -€40,268 | -€12,049 | €2,796 | ▲ 123% |
| Investment grants15 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €83,979 | €130,695 | €119,420 | €58,177 | €39,263 | ▼ 32.5% |
| Amounts payable after more than one year17 | €37,991 | €63,750 | €63,950 | €21,289 | €10,872 | ▼ 48.9% |
| Financial debts170/4 | €37,991 | €63,750 | €63,950 | €21,289 | €10,872 | ▼ 48.9% |
| Amounts payable within one year42/48 | €45,988 | €66,945 | €55,471 | €36,888 | €28,392 | ▼ 23.0% |
| Current portion of amounts payable after more than one year42 | €16,228 | €25,473 | €25,884 | €18,658 | €11,266 | ▼ 39.6% |
| Trade debts44 | €16,575 | €37,622 | €27,585 | €8,689 | €15,561 | ▲ 79.1% |
| Suppliers440/4 | €16,575 | €37,622 | €27,585 | €8,689 | €15,561 | ▲ 79.1% |
| Taxes, remuneration and social security45 | €6,001 | €2,345 | €0 | - | €290 | - |
| Taxes450/3 | €1,702 | €2,345 | €0 | - | €290 | - |
| Remuneration and social security454/9 | €4,299 | €0 | €0 | - | - | - |
| Other amounts payable47/48 | €7,183 | €1,504 | €2,002 | €9,541 | €1,275 | ▼ 86.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,402 | €6,423 | -€49,053 | €28,220 | €14,845 | ▼ 47.4% |
| + Depreciation and write-downs630 | €5,277 | €10,937 | €17,694 | €20,366 | €19,910 | ▼ 2.2% |
| Operating cash flow (approximation) | €6,679 | €17,360 | -€31,359 | €48,586 | €34,755 | ▼ 28.5% |
| Investment in fixed assets (approximation) | - | -€29,365 | -€16,414 | €0 | €0 | - |
| Change in cash | - | -€2,260 | -€31,691 | €282 | -€1,533 | ▼ 644% |
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €28,220
Net result €28,220 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial
Weakest financial yearnet -€49,053
Net result drops to -€49,053, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · 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.
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Directors · office · real estate
Directors
5 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
Registered office, Liège · 1 establishment unit since 2019
Ground area
830 m²
Building footprint
380 m²
Volume, LiDAR
1,883 m³
Parcel 62078A0480/00H018, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
RC TRANS-MISSION
since 20192.298.136.668
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62078A0480/00H018 | Wallonia | 830 m² | 1 · 380 m² | 6.9 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 27,358 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.