VALPICO
ActiveSummary
VALPICO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-6k) and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-48
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 1.3 in 2024; short-term debt: 133% and cash: 60.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-33%
Return on assets
-92.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
26 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
38 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-6k
2024 · €10k
2018: €27k
2019: €9k▼ -65.4% vs 2018
2020: €14k▲ +43.5% vs 2019
2021: €52k▲ +288% vs 2020highest in 8 years
2022: €50k▼ -4.7% vs 2021
2023: €24k▼ -52.4% vs 2022
2024: €10k▼ -56.7% vs 2023
2025: €-6k▼ -156% vs 2024lowest in 8 years
2018 → 2025
Total assets
€17k▼ 60.5%
2024 · €44k
2018: €64k
2019: €43k▼ -32.5% vs 2018
2020: €34k▼ -20.5% vs 2019
2021: €81k▲ +135% vs 2020
2022: €91k▲ +12.8% vs 2021highest in 8 years
2023: €62k▼ -32.3% vs 2022
2024: €44k▼ -28.8% vs 2023
2025: €17k▼ -60.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€-16k▼ 18.9%
2024 · €-13k
2018: €18k
2019: €-18k▼ -200% vs 2018
2020: €4k▲ +123% vs 2019
2021: €39k▲ +850% vs 2020highest in 8 years
2022: €-2k▼ -106% vs 2021
2023: €-26k▼ -969% vs 2022lowest in 8 years
2024: €-13k▲ +48.5% vs 2023
2025: €-16k▼ -18.9% vs 2024
2018 → 2025
Working capital
€-6k
2024 · €10k
2018: €27k
2019: €9k▼ -65.5% vs 2018
2020: €13k▲ +39.0% vs 2019
2021: €52k▲ +300% vs 2020highest in 8 years
2022: €50k▼ -4.3% vs 2021
2023: €24k▼ -52.4% vs 2022
2024: €10k▼ -56.8% vs 2023
2025: €-6k▼ -156% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€50k▼ 4.7%€24k▼ 52.4%€10k▼ 56.7%€-6k
2021: €52khighest in 5 years
2022: €50k▼ -4.7% vs 2021
2023: €24k▼ -52.4% vs 2022
2024: €10k▼ -56.7% vs 2023
2025: €-6k▼ -156% vs 2024lowest in 5 years
Operating result€54k-€-2k€-26k▼ 1,591%€-13k▲ 47.8%€-16k▼ 19.0%
2021: €54khighest in 5 years
2022: €-2k▼ -103% vs 2021
2023: €-26k▼ -1591% vs 2022lowest in 5 years
2024: €-13k▲ +47.8% vs 2023
2025: €-16k▼ -19.0% vs 2024
Net result€39k-€-2k€-26k▼ 969%€-13k▲ 48.5%€-16k▼ 18.9%
2021: €39khighest in 5 years
2022: €-2k▼ -106% vs 2021
2023: €-26k▼ -969% vs 2022lowest in 5 years
2024: €-13k▲ +48.5% vs 2023
2025: €-16k▼ -18.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €13k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€38 =
Current assets
€17k ▼ 60.5%
Key figures and ratios
Solvency
-33.0%▼
2024 · 23.4%
Current ratio
0.75▼
2024 · 1.30
Quick ratio
0.51▼
2024 · 1.30
Debt to equity
-4.03▼
2024 · 3.27
ROA
-92.2%▼
2024 · -30.6%
Debt
€23k▼
2024 · €34k
Debt ≤ 1 year
€23k▼
2024 · €34k
Staff costs
€43k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€44k€17k▼
Fixed assets21/28€38€38=
Tangible fixed assets22/27€0€0=
Furniture and vehicles24€0€0=
Financial fixed assets28€38€38=
Current assets29/58€44k€17k▼
Stocks and contracts in progress3-€6k
Stocks30/36-€6k
Amounts receivable within one year40/41€31k€1k▼
Trade receivables40€3k€0▼
Other amounts receivable41€28k€1k▼
Cash at bank and in hand54/58€13k€10k▼
Equity and liabilities
Total equity and liabilities10/49€44k€17k▼
Equity10/15€10k€-6k▼
Contributions10/11€6k€6k=
Reserves13€46k€46k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€-42k€-58k▼
Amounts payable17/49€34k€23k▼
Amounts payable within one year42/48€34k€23k▼
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€25k€19k▼
Taxes450/3€2k€616▼
Remuneration and social security454/9€24k€18k▼
Other amounts payable47/48-€487
Income statement
Code20242025
Remuneration, social security and pensions62€27k€43k▲
Other operating charges640/8€511€992▲
Gross operating margin9900€14k€28k▲
Operating profit (loss)9901€-13k€-16k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€47€51▲
Recurring financial charges65€47€51▲
Profit (loss) for the period before taxes9903€-13k€-16k▼
Profit (loss) for the period9904€-13k€-16k▼
Profit (loss) for the period to be appropriated9905€-13k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-58k▼
Profit (loss) brought forward from the previous period14P€-29k€-42k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4k | €30k | €39k | €27k | €43k | ▲ 60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €219 | €219 | - | - | - | - |
| Other operating charges640/8 | €640 | €2k | €486 | €511 | €992 | ▲ 94.0% |
| Gross operating margin9900 | €59k | €31k | €14k | €14k | €28k | ▲ 103% |
| Operating profit (loss)9901 | €54k | €-2k | €-26k | €-13k | €-16k | ▼ 19.0% |
| Financial income75/76B | €4 | €112 | €54 | - | €3 | - |
| Recurring financial income75 | €4 | €112 | €54 | - | €3 | - |
| Financial charges65/66B | €340 | €378 | €298 | €47 | €51 | ▲ 9.7% |
| Recurring financial charges65 | €340 | €378 | €298 | €47 | €51 | ▲ 9.7% |
| Profit (loss) for the period before taxes9903 | €53k | €-2k | €-26k | €-13k | €-16k | ▼ 18.9% |
| Income taxes67/77 | €15k | €662 | €193 | - | - | - |
| Profit (loss) for the period9904 | €39k | €-2k | €-26k | €-13k | €-16k | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | €39k | €-2k | €-26k | €-13k | €-16k | ▼ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81k | €91k | €62k | €44k | €17k | ▼ 60.5% |
| Fixed assets21/28 | €257 | €38 | €38 | €38 | €38 | = |
| Tangible fixed assets22/27 | €219 | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | €219 | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €38 | €38 | €38 | €38 | €38 | = |
| Current assets29/58 | €81k | €91k | €62k | €44k | €17k | ▼ 60.5% |
| Stocks and contracts in progress3 | - | - | - | - | €6k | - |
| Stocks30/36 | - | - | - | - | €6k | - |
| Amounts receivable within one year40/41 | €53k | €73k | €53k | €31k | €1k | ▼ 96.1% |
| Trade receivables40 | €7k | €28k | €6k | €3k | €0 | ▼ 100% |
| Other amounts receivable41 | €45k | €45k | €47k | €28k | €1k | ▼ 95.6% |
| Cash at bank and in hand54/58 | €28k | €18k | €9k | €13k | €10k | ▼ 18.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81k | €91k | €62k | €44k | €17k | ▼ 60.5% |
| Equity10/15 | €52k | €50k | €24k | €10k | €-6k | ▼ 156% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €46k | €46k | €46k | €46k | €46k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €44k | €44k | €46k | €46k | €46k | = |
| Profit (loss) carried forward14 | €0 | €-2k | €-29k | €-42k | €-58k | ▼ 38.1% |
| Amounts payable17/49 | €29k | €41k | €38k | €34k | €23k | ▼ 31.3% |
| Amounts payable within one year42/48 | €29k | €41k | €38k | €34k | €23k | ▼ 31.3% |
| Trade debts44 | €3k | €6k | €9k | €9k | €4k | ▼ 58.6% |
| Suppliers440/4 | €3k | €6k | €9k | €9k | €4k | ▼ 58.6% |
| Taxes, remuneration and social security45 | €25k | €35k | €29k | €25k | €19k | ▼ 23.9% |
| Taxes450/3 | €22k | €19k | €7k | €2k | €616 | ▼ 61.2% |
| Remuneration and social security454/9 | €4k | €17k | €22k | €24k | €18k | ▼ 21.4% |
| Other amounts payable47/48 | - | - | - | - | €487 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €-2k | €-26k | €-13k | €-16k | ▼ 18.9% |
| + Depreciation and write-downs630 | €219 | €219 | - | - | - | - |
| Operating cash flow (approximation) | €39k | €-2k | €-26k | €-13k | €-16k | ▼ 18.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-10k | €-10k | €4k | €-2k | ▼ 156% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €39k ▲850%
Operating result €54k, net result €39k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
Registered office, Chaumont-Gistoux · 1 establishment unit since 2008
Ground area
2,417 m²
Building footprint
214 m²
Volume, LiDAR
1,305 m³
Parcel 25025B0358/00A000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BD COMMUNICATION
since 20082.170.619.082
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25025B0358/00A000 | Wallonia | 2,417 m² | 1 · 214 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 3,736 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
73110Advertising agencies
93299Other amusement and recreation activities
Contact
Phone
061/27.90.55Chaumont-Gistoux
Scores and ratios are computed by Checked and are not a credit decision.