VALSA
ActiveVALSA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206k and a net result of €-9k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 81% of 3620 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-32
Solvency89▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.72 against 3.7 in 2024; short-term debt: 30.7% and cash: 6% of total assets), and 35.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
9 d early
2022
31 d late
2021
27 d early
2020
24 d late
2019
137 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€206k▼ 4.1%
2024 · €215k
2018: €187k
2019: €188k
2020: €197k
2021: €178k
2022: €183k
2023: €208k
2024: €215k
2018 → 2025
Total assets
€321k▲ 11.2%
2024 · €289k
2018: €240k
2019: €236k
2020: €254k
2021: €278k
2022: €282k
2023: €295k
2024: €289k
2018 → 2025
Net result
€-9k
2024 · €6k
2018: €9k
2019: €2k
2020: €8k
2021: €15k
2022: €5k
2023: €25k
2024: €6k
2018 → 2025
Working capital
€170k▼ 15.2%
2024 · €200k
2018: €187k
2019: €188k
2020: €179k
2021: €167k
2022: €175k
2023: €190k
2024: €200k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€178k-€183k▲ 3.0%€208k▲ 13.8%€215k▲ 2.9%€206k▼ 4.1%
Operating result€44k-€32k▼ 26.3%€36k▲ 12.1%€13k▼ 64.8%€-11k
Net result€15k-€5k▼ 64.5%€25k▲ 373%€6k▼ 76.0%€-9k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321k
Fixed assets
€52k▲ 270%
Current assets
€269k▼ 2.2%
Equity and liabilities €321k
Equity
€206k▼ 4.1%
Debt
€115k▲ 55.4%
The debt ratio rises from 25.7% to 35.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2024 · €20k
Cash flow
€-3k▼
2024 · €13k
Solvency
64.1%▼
2024 · 74.3%
Current ratio
2.72▼
2024 · 3.70
Quick ratio
2.60▼
2024 · 3.70
Debt / equity
0.56▲
2024 · 0.35
ROE
-4.3%▼
2024 · 2.8%
ROA
-2.8%▼
2024 · 2.1%
Interest coverage
-1.35▼
2024 · 3.03
Debt
€115k▲
2024 · €74k
Debt ≤ 1 year
€99k▲
2024 · €74k
Debt > 1 year
€17k
Income taxes
€403▼
2024 · €7k
Staff costs
€262k▲
2024 · €247k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€289k€321k▲
Fixed assets21/28€14k€52k▲
Tangible fixed assets22/27€14k€52k▲
Land and buildings22€834€37k▲
Plant, machinery and equipment23€5k€7k▲
Furniture and vehicles24€8k€8k▲
Current assets29/58€275k€269k▼
Amounts receivable after more than one year29€31k€31k=
Trade receivables290€31k€0▼
Other amounts receivable291-€31k
Stocks and contracts in progress3-€12k
Stocks30/36-€12k
Amounts receivable within one year40/41€137k€125k▼
Trade receivables40€21k€2k▼
Other amounts receivable41€116k€123k▲
Current investments50/53-€73k
Cash at bank and in hand54/58€97k€19k▼
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€289k€321k▲
Equity10/15€215k€206k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€183k€183k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€177k€177k=
Profit (loss) carried forward14€-30k€-39k▼
Amounts payable17/49€74k€115k▲
Amounts payable after more than one year17-€17k
Financial debts170/4-€17k
Amounts payable within one year42/48€74k€99k▲
Current portion of amounts payable after more than one year42-€5k
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€24k€44k▲
Suppliers440/4€24k€44k▲
Advances received on contracts in progress46€13k€12k▼
Taxes, remuneration and social security45€37k€34k▼
Taxes450/3€10k€11k▲
Remuneration and social security454/9€27k€23k▼
Accrued charges and deferred income492/3€89€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€247k€262k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€16k€0▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€285k€262k▼
Operating profit (loss)9901€13k€-11k▼
Financial income75/76B€7k€7k▼
Recurring financial income75€7k€7k▼
Financial charges65/66B€7k€4k▼
Recurring financial charges65€7k€4k▼
Profit (loss) for the period before taxes9903€13k€-8k▼
Income taxes67/77€7k€403▼
Profit (loss) for the period9904€6k€-9k▼
Profit (loss) for the period to be appropriated9905€6k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-39k▼
Profit (loss) brought forward from the previous period14P€-30k€-30k=
Transfer to equity691/2€6k€0▼
To other reserves6921€6k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-9k ▼246%
Net result drops to €-9k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €25k ▲373%
Net result €25k, the highest in the series.
31-12
Financial
Equity above €200kEq €208k ▲13.8%
6 profitable years in a row build equity to €208k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Truiden · 1 establishment unit since 1991
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.
Kortenbosstraat 53800 Sint-TruidenGround area
42.4 ha
Building footprint
729 m²
Volume, LiDAR
4,035 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VALSA
since 19912.051.303.837
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E1149/00F002 | Flanders | 42.3 ha | 1 · 514 m² | 10.9 m · 2 fl. |
| 71352C0816/00F000 | Flanders | 1,825 m² | 1 · 214 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHouthalen-Helchteren2.051.303.837
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Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 8,482 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-10-1990
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.