Summary
VALORES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5.7m and a net result of €487,507. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 2451 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 04-06-2026, 57 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
57 d early
2024
128 d early
2023
27 d late
2022
21 d early
2021
100 d early
2020
59 d early
← 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 56 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 4 June (4 of the last 5 filed years within 71 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€5.7m▲ 9.4%
2024 · €5.2m
Net result
€487,507▼ 37.5%
2024 · €779,811
Total assets
€8.6m▼ 3.1%
2024 · €8.8m
Solvency
66.5%▲ 7.6pp
2024 · 59.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.2m€1.6m▲ 41.0%€1.2m▼ 25.8%€818,438▼ 32.2%
Operating result€203,242▼ 40.1%€960,548▲ 373%€1.2m▲ 29.5%€879,026▼ 29.3%€552,892▼ 37.1%
Net result€37,567within the sector's middle half▼ 20.7%€802,916within the sector's middle half▲ 2,037%€1.1mabove the sector's middle half▲ 34.6%€779,811within the sector's middle half▼ 27.8%€487,507within the sector's middle half▼ 37.5%
Equity€2.5mabove the sector's middle half▲ 1.5%€3.3mwithin the sector's middle half▲ 33.0%€4.4mwithin the sector's middle half▲ 32.3%€5.2mwithin the sector's middle half▲ 17.6%€5.7mwithin the sector's middle half▲ 9.4%
Total assets€8.2mabove the sector's middle half▼ 0.5%€8.9mwithin the sector's middle half▲ 8.8%€8.6mwithin the sector's middle half▼ 3.0%€8.8mwithin the sector's middle half▲ 2.6%€8.6mwithin the sector's middle half▼ 3.1%
Debt€5.6m▼ 1.3%€5.5m▼ 2.0%€4.2m▼ 24.4%€3.6m▼ 13.3%€2.9m▼ 21.0%
Working capital-€2.9mbelow the sector's middle half▼ 34.6%-€3.0mbelow the sector's middle half▼ 1.9%-€2.7mbelow the sector's middle half▲ 7.5%-€2.8mbelow the sector's middle half▼ 2.9%-€2.3mbelow the sector's middle half▲ 17.4%
Solvency30.8%within the sector's middle half▲ 0.6pp37.7%within the sector's middle half▲ 6.9pp51.4%within the sector's middle half▲ 13.7pp59.0%within the sector's middle half▲ 7.5pp66.5%within the sector's middle half▲ 7.6pp
Current ratio0.04below the sector's middle half=0.22below the sector's middle half▲ 0.180.17below the sector's middle half▼ 0.050.22below the sector's middle half▲ 0.050.19below the sector's middle half▼ 0.04
Return on assets (ROA)0.5%within the sector's middle half▼ 0.1pp9.0%above the sector's middle half▲ 8.6pp12.6%above the sector's middle half▲ 3.5pp8.8%above the sector's middle half▼ 3.7pp5.7%within the sector's middle half▼ 3.1pp
Staff (FTE)2within the sector's middle half▲ 33.3%2.3within the sector's middle half▲ 15.0%2.8within the sector's middle half▲ 21.7%2.1within the sector's middle half▼ 25.0%1within the sector's middle half▼ 52.4%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result +2,037% on 2021. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.6m
Fixed assets
€8.0m ▼ 0.1%
Current assets
€537,106 ▼ 33.4%
Equity and liabilities €8.6m
Equity
€5.7m ▲ 9.4%
Debt
€2.9m ▼ 21.0%
Debt's share of the balance-sheet total falls from 41.0% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
8.6%▼
2024 · 15.0%
Debt ≤ 1 year
€2.9m▼
2024 · €3.6m
Income taxes
€75▼
2024 · €107
Staff costs
€67,648▼
2024 · €132,479
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.2m | €1.6m | €1.2m | €820,396 | ▼ 32.9% |
| Turnover70 | - | €1.2m | €1.6m | €1.2m | €818,438 | ▼ 32.2% |
| Other operating income74 | - | €14,632 | €15,341 | €15,706 | €1,957 | ▼ 87.5% |
| Operating charges60/66A | - | €207,389 | €397,819 | €343,610 | €267,504 | ▼ 22.1% |
| Services and other goods61 | - | €83,353 | €226,550 | €202,506 | €194,000 | ▼ 4.2% |
| Remuneration, social security and pensions62 | €81,748 | €115,438 | €162,825 | €132,479 | €67,648 | ▼ 48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €7,369 | €7,369 | €7,369 | €4,729 | ▼ 35.8% |
| Other operating charges640/8 | €459 | €1,230 | €1,075 | €1,257 | €1,126 | ▼ 10.4% |
| Non-recurring operating charges66A | €31,724 | €0 | - | - | - | - |
| Gross operating margin9900 | €317,173 | - | - | - | - | - |
| Operating profit (loss)9901 | €203,242 | €960,548 | €1.2m | €879,026 | €552,892 | ▼ 37.1% |
| Financial income75/76B | - | €7,187 | €1,460 | €2 | €0 | ▼ 99.5% |
| Recurring financial income75 | - | €7,187 | €1,460 | €2 | €0 | ▼ 99.5% |
| Income from current assets751 | - | €5,032 | €1,460 | €0 | - | - |
| Other financial income752/9 | - | €2,155 | €0 | €2 | €0 | ▼ 99.5% |
| Financial charges65/66B | €142,101 | €140,099 | €161,817 | €99,109 | €65,310 | ▼ 34.1% |
| Recurring financial charges65 | €142,101 | €140,099 | €161,817 | €99,109 | €65,310 | ▼ 34.1% |
| Debt charges650 | - | €139,801 | €161,407 | €94,932 | €64,817 | ▼ 31.7% |
| Other financial charges652/9 | - | €298 | €410 | €4,177 | €493 | ▼ 88.2% |
| Profit (loss) for the period before taxes9903 | €61,141 | €827,636 | €1.1m | €779,918 | €487,582 | ▼ 37.5% |
| Income taxes67/77 | €23,574 | €24,721 | €2,582 | €107 | €75 | ▼ 30.1% |
| Taxes670/3 | - | €24,721 | €2,582 | €107 | €75 | ▼ 30.1% |
| Profit (loss) for the period9904 | €37,567 | €802,916 | €1.1m | €779,811 | €487,507 | ▼ 37.5% |
| Transfer from tax-exempt reserves789 | - | €7,524 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €37,567 | €810,439 | €1.1m | €779,811 | €487,507 | ▼ 37.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.2m | €8.9m | €8.6m | €8.8m | €8.6m | ▼ 3.1% |
| Fixed assets21/28 | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | ▼ 0.1% |
| Intangible fixed assets21 | - | €19,466 | €12,098 | €4,729 | €0 | ▼ 100% |
| Financial fixed assets28 | €8.0m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Affiliated companies280/1 | - | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Participating interests280 | - | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Other financial fixed assets284/8 | - | €363 | €363 | €363 | €363 | = |
| Amounts receivable and cash guarantees285/8 | - | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €134,625 | €834,622 | €572,805 | €806,198 | €537,106 | ▼ 33.4% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €38,314 | €490,259 | €544,486 | €698,587 | €493,689 | ▼ 29.3% |
| Trade receivables40 | €36,300 | €80,828 | €502,008 | €653,206 | €491,157 | ▼ 24.8% |
| Other amounts receivable41 | €2,014 | €409,431 | €42,478 | €45,381 | €2,532 | ▼ 94.4% |
| Cash at bank and in hand54/58 | €95,436 | €342,352 | €23,308 | €107,610 | €43,417 | ▼ 59.7% |
| Deferred charges and accrued income490/1 | €875 | €2,011 | €5,011 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.2m | €8.9m | €8.6m | €8.8m | €8.6m | ▼ 3.1% |
| Equity10/15 | €2.5m | €3.3m | €4.4m | €5.2m | €5.7m | ▲ 9.4% |
| Contributions10/11 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Capital10 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Issued capital100 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Reserves13 | €84,966 | €912,581 | €2.0m | €2.8m | €3.3m | ▲ 17.6% |
| Non-distributable reserves130/1 | €84,966 | €243,214 | €243,214 | €243,214 | €243,214 | = |
| Legal reserve130 | €84,966 | €243,214 | €243,214 | €243,214 | €243,214 | = |
| Tax-exempt reserves132 | - | €17,728 | €17,728 | €17,728 | €17,728 | = |
| Distributable reserves133 | - | €651,639 | €1.7m | €2.5m | €3.0m | ▲ 19.4% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €5.6m | €5.5m | €4.2m | €3.6m | €2.9m | ▼ 21.0% |
| Amounts payable after more than one year17 | €2.6m | €1.7m | €870,000 | €0 | - | - |
| Financial debts170/4 | €2.6m | €1.7m | €870,000 | €0 | - | - |
| Other loans174 | - | €1.7m | €870,000 | €0 | - | - |
| Amounts payable within one year42/48 | €3.0m | €3.8m | €3.3m | €3.6m | €2.9m | ▼ 20.9% |
| Current portion of amounts payable after more than one year42 | €866,000 | €866,000 | €866,000 | €870,000 | €0 | ▼ 100% |
| Trade debts44 | €6,386 | €39,969 | €163,736 | €344,673 | €789 | ▼ 99.8% |
| Suppliers440/4 | €6,386 | €39,969 | €163,736 | €344,673 | €789 | ▼ 99.8% |
| Taxes, remuneration and social security45 | €70,854 | €134,646 | €97,363 | €48,282 | €40,816 | ▼ 15.5% |
| Taxes450/3 | €61,285 | €122,682 | €65,498 | €42,269 | €29,638 | ▼ 29.9% |
| Remuneration and social security454/9 | €9,569 | €11,963 | €31,865 | €6,013 | €11,178 | ▲ 85.9% |
| Other amounts payable47/48 | €2.1m | €2.8m | €2.2m | €2.4m | €2.8m | ▲ 19.6% |
| Accrued charges and deferred income492/3 | €196 | €0 | - | €2,822 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,567 | €802,916 | €1.1m | €779,811 | €487,507 | ▼ 37.5% |
| + Depreciation and write-downs630 | €0 | €7,369 | €7,369 | €7,369 | €4,729 | ▼ 35.8% |
| Operating cash flow (approximation) | €37,567 | €810,285 | €1.1m | €787,180 | €492,236 | ▼ 37.5% |
| Investment in fixed assets (approximation) | - | -€26,835 | -€0 | €0 | €0 | - |
| Change in cash | - | €246,916 | -€319,044 | €84,303 | -€64,194 | ▼ 176% |
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
11-09
State Gazette act
General meeting · Other statementDemerger · Capital decrease · Power of attorney12 facts ▸
State Gazette act
General meeting · Other statement
Demerger · Capital decrease · Power of attorney12 facts ▸
- General meeting, buitengewone algemene vergadering van de aandeelhouders
- Other statement, waarneming documenten, aandeelhouders erkennen volledig in kennis gesteld te zijn van splitsingsvoorstel en andere documenten; geen opmerkingen; besluiten zich…
- Other statement, eenparig en uitdrukkelijk, verzekering tussentijdse cijfers
- Other statement, eenparig en uitdrukkelijk, verslag bestuursorgaan splitsingsvoorstel
- Other statement, eenparig en uitdrukkelijk, verslag bedrijfsrevisor/commissaris splitsingsvoorstel
- Other statement, eenparig en uitdrukkelijk, inlichting belangrijke wijzigingen
- Demerger, partial demerger, aandelen op naam
- Capital decrease, €199.505,62
- Board meeting, algemene vergaderingen
- Other statement, opdracht aan notaris, coördinatie van statuten opmaken, ondertekenen en neerleggen in vennootschapsdossier
- Power of attorney, VANDELANOTTE
- Other statement, 31-12-2025
25-06
State Gazette act
RestructuringPermanent representatives: Ruben CREMMERY and Sofie DENOO · Demerger · Accounting effect30 facts ▸
State Gazette act
Restructuring
Permanent representatives: Ruben CREMMERY and Sofie DENOO · Demerger · Accounting effect30 facts ▸
- Demerger, partiële splitsing door overneming, deel vermogen Partieel te Splitsen Vennootschap,rechten en verplichtingen,op Verkrijgende Vennootschap
- Other statement, Partieel te Splitsen Vennootschap, aanduiding in splitsingsvoorstel
- Director in office, CR77 BV (director)
- Director in office, JEMA BV (director)
- Permanent representative, Ruben CREMMERY (permanent representative)
- Permanent representative, Sofie DENOO (permanent representative)
- Other statement, aanduiding in splitsingsvoorstel, Verkrijgende Vennootschap
- Director in office, CR77 BV (director)
- Director in office, JEMA BV (director)
- Permanent representative, Ruben CREMMERY (permanent representative)
- Permanent representative, Sofie DENOO (permanent representative)
- Other statement, vergoeding overgang vermogen, 466957.30/201.04
- +18 further facts in this act
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5mEq €5.2m ▲17.6%
5 profitable years in a row build equity to €5.2m.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Highest result since 2020net €1.1m ▲34.6%
Operating result €1.2m, net result €1.1m, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €37,567 ▼20.7%
Net result drops to €37,567, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 2 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2019
Ground area
7,340 m²
Building footprint
1,856 m²
Volume, LiDAR
10,373 m³
Parcel 34453F0113/00G002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VALORES
since 20192.286.223.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0113/00G002 | Flanders | 7,340 m² | 1 · 1,856 m² | 7.8 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.
Articles of association
Statutes amendment
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
Highest known parent: Jema. The sources do not say who stands above it.
Owners 2
- WOODPLANparent99.02%
-
0%
Holdings 1
-
98.98%
According to the 2025 annual accounts of VALORES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:MI CASA
Capital and shareholders
Capital over the years
- 11-09-2026 Capital reduction of 199,505.62 EUR · to 2,232,630.54 EUR
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 141 EUR awarded · 141 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 141 EUR | 141 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300EJKFV3M5B6WK77
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 7,736 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
Phone
000000000Waregem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0721451851
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.