Equity
Value+ has made a profit without a break since 2008.
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 88% of them on solvency, 48% on liquidity, 53% on profitability and 57% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,137 companies had the same profile as Value+ has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of Value+ itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 20,137 companies, not a prediction for Value+. 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.
Liquidity is ample, with a current ratio of 19.95 (18.84 in 2024), above the usual 1.5. Short-term debt is 3% and cash 6.1% of total assets. 3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Value+ Ronse | €1.3m | €150,613 | 97.0% | 0 |
| TOURSUPPORT Ghent | €1.9m | €376,382 | 13.9% | 0.7 |
| House of Events Aalst | €0.5m | €341,726 | 52.3% | 0.3 |
| HAMAFA Lummen | €1.8m | €174,719 | 36.3% | 0 |
| BEBAGRO Beerse | €1.0m | €154,311 | 85.3% | - |
| Globe Entertainment Schoten | €0.7m | €106,448 | 15.5% | 1 |
| PK BEHEER Beerse | €1.3m | €124,094 | 97.3% | - |
These companies have the same main activity as Value+: agents and managers of artists, athletes and other public figures (NACE 74991). They are comparable in size and age: total assets between €465,000 and €1.9m, founded between 2000 and 2014.
Value+ files the abbreviated format. That format states no turnover. The gross margin rose from €647 in 2007 to €150,613 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €380,000. Estimated: probably between €230,000 and €720,000.
Higher than 95% of 818 companies in 2025.
Higher than 95% of 783 companies in 2025.
Higher than 61% of 791 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.3m | 1.2m | 1.1m | 1.1m | 1.1m | 1.3m | 1.2m | 1.1m | 1.0m | 943,986 | 581,085 | 492,023 | 362,098 | 254,234 | 141,781 | 110,943 | 85,029 | 57,071 | 29,852 | 27,783 | |
21/28 |
545,736 | 557,905 | 505,934 | 504,563 | 503,241 | 504,763 | 396,097 | 394,040 | 394,926 | 393,324 | 2,755 | 6,767 | 12,877 | 17,216 | 24,795 | 13,806 | 21,228 | 26,779 | - | - | |
21 |
- | - | - | - | - | - | - | - | - | - | - | 185 | 417 | - | - | - | - | - | - | - | |
22/27 |
44,826 | 56,995 | 5,024 | 3,653 | 2,331 | 3,853 | 4,059 | 2,002 | 2,888 | 1,286 | 2,755 | 6,582 | 12,460 | 17,216 | 24,795 | 13,806 | 21,228 | 26,779 | - | - | |
23 |
3,412 | 4,345 | - | - | 0 | 440 | 880 | 1,320 | 1,760 | - | 815 | 5,997 | 11,179 | 16,598 | 17,944 | 708 | 944 | - | - | - | |
24 |
41,414 | 52,650 | 5,024 | 3,653 | 2,331 | 3,413 | 3,179 | 682 | 1,128 | 1,286 | 1,940 | 585 | 1,281 | 618 | 6,851 | 13,098 | 20,284 | 26,779 | - | - | |
28 |
500,910 | 500,910 | 500,910 | 500,910 | 500,910 | 500,910 | 392,038 | 392,038 | 392,038 | 392,038 | - | - | - | - | - | - | - | - | - | - | |
29/58 |
801,403 | 666,449 | 640,812 | 546,322 | 601,222 | 791,940 | 837,652 | 684,214 | 621,258 | 550,662 | 578,330 | 485,256 | 349,221 | 237,018 | 116,986 | 97,137 | 63,801 | 30,292 | 29,852 | 27,783 | |
29 |
- | 0 | 36,000 | 50,000 | 0 | 330 | 330 | 330 | 330 | 330 | 330 | 330 | - | - | - | - | - | - | - | - | |
290 |
- | 0 | 36,000 | 50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | 0 | 330 | 330 | 330 | 330 | 330 | 330 | 330 | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,197 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,197 | |
40/41 |
41,307 | 72,850 | 82,186 | 54,432 | 29,629 | 13,706 | 32,058 | 27,081 | 22,979 | 32,863 | 31,530 | 45,899 | 85,814 | 28,806 | 24,961 | 23,675 | 28,382 | 29,908 | 25,228 | 2,280 | |
40 |
31,363 | 57,393 | 65,479 | 53,946 | 29,413 | 8,870 | 31,830 | 26,790 | 22,979 | 16,633 | 23,530 | 44,643 | 50,934 | 28,806 | 24,461 | 23,175 | 24,882 | 28,908 | 25,221 | - | |
41 |
9,944 | 15,457 | 16,707 | 486 | 216 | 4,836 | 228 | 291 | - | 16,230 | 8,000 | 1,256 | 34,880 | - | 500 | 500 | 3,500 | 1,000 | 7 | 2,280 | |
50/53 |
676,084 | 555,222 | 444,619 | 432,553 | 537,565 | 727,727 | 706,549 | 605,883 | 489,680 | 489,680 | 489,680 | 282,552 | 149,889 | - | - | - | - | - | - | - | |
54/58 |
81,871 | 36,748 | 77,960 | 9,291 | 32,973 | 49,141 | 97,627 | 50,920 | 108,269 | 27,789 | 56,790 | 155,259 | 113,518 | 207,212 | 90,879 | 69,487 | 22,504 | 384 | 4,624 | 5,306 | |
490/1 |
2,141 | 1,630 | 47 | 46 | 1,054 | 1,036 | 1,088 | - | - | - | - | 1,216 | - | 1,000 | 1,146 | 3,975 | 12,915 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.3m | 1.2m | 1.1m | 1.1m | 1.1m | 1.3m | 1.2m | 1.1m | 1.0m | 943,986 | 581,085 | 492,023 | 362,098 | 254,234 | 141,781 | 110,943 | 85,029 | 57,071 | 29,852 | 27,783 | |
10/15 |
1.3m | 1.2m | 1.1m | 990,307 | 1.1m | 1.3m | 1.2m | 1.0m | 979,849 | 882,091 | 560,776 | 481,558 | 347,549 | 226,985 | 118,648 | 65,913 | 52,829 | 37,381 | 19,265 | 19,409 | |
10/11 |
214,338 | 214,338 | 214,338 | 214,338 | 214,338 | 214,338 | 214,338 | 214,338 | 301,188 | 301,188 | 106,850 | 106,850 | 106,850 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 214,338 | 214,338 | 301,188 | 301,188 | 106,850 | 106,850 | 106,850 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
12 |
108,872 | 108,872 | 108,872 | 108,872 | 108,872 | 108,872 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
983,767 | 863,371 | 761,359 | 667,097 | 746,558 | 948,698 | 997,413 | 832,418 | 678,661 | 580,903 | 453,926 | 374,708 | 240,699 | 2,189 | 2,142 | 2,094 | 1,869 | 999 | - | - | |
130/1 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 27,185 | 27,185 | 22,185 | 17,185 | 10,685 | 10,685 | 9,000 | 2,000 | 2,000 | 2,000 | 1,822 | 999 | - | - | |
1311 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
236 | 236 | 236 | 77,736 | 139,736 | 170,736 | 170,736 | 93,236 | 31,236 | 236 | 236 | 236 | 236 | 189 | 142 | 94 | 47 | - | - | - | |
133 |
983,532 | 863,136 | 761,124 | 589,362 | 606,822 | 777,962 | 799,492 | 711,997 | 625,240 | 563,482 | 443,005 | 363,787 | 231,463 | - | - | - | - | - | - | - | |
14 |
0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 204,796 | 96,506 | 43,819 | 30,960 | 16,382 | -735 | -591 | |
17/49 |
40,162 | 37,773 | 62,176 | 60,578 | 34,695 | 24,795 | 21,998 | 31,498 | 36,335 | 61,895 | 20,309 | 10,465 | 14,549 | 27,249 | 23,133 | 45,030 | 32,200 | 19,690 | 10,587 | 8,374 | |
42/48 |
40,162 | 35,373 | 61,497 | 60,578 | 31,195 | 24,484 | 21,998 | 31,498 | 36,335 | 61,895 | 20,309 | 5,456 | 14,549 | 27,249 | 23,133 | 45,030 | 32,200 | 19,690 | 10,587 | 8,374 | |
43 |
- | - | 0 | 8,545 | 23 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | 0 | 8,545 | 23 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
4,323 | 4,546 | 4,443 | 4,940 | 3,148 | 2,142 | 4,226 | 7,359 | 3,653 | 2,970 | 786 | 2,510 | 1,063 | 128 | 4,265 | 426 | 1,017 | 345 | 132 | - | |
440/4 |
4,323 | 4,546 | 4,443 | 4,940 | 3,148 | 2,142 | 4,226 | 7,359 | 3,653 | 2,970 | 786 | 2,510 | 1,063 | 128 | 4,265 | 426 | 1,017 | 345 | 132 | - | |
45 |
21,710 | 22,474 | 52,020 | 45,450 | 26,983 | 16,398 | 16,961 | 16,185 | 17,418 | 42,060 | 8,272 | 2,946 | 11,486 | 9,564 | 7,182 | 8,331 | 5,351 | 1,671 | 2,081 | - | |
450/3 |
21,710 | 22,474 | 52,020 | 45,450 | 26,983 | 12,718 | 14,549 | 16,185 | 17,418 | 42,060 | 7,066 | 2,055 | 10,087 | 9,564 | 7,182 | 8,331 | 5,351 | 1,671 | 2,081 | - | |
454/9 |
- | - | - | - | 0 | 3,680 | 2,412 | - | - | - | 1,206 | 891 | 1,399 | - | - | - | - | - | - | - | |
47/48 |
14,129 | 8,353 | 5,034 | 1,643 | 1,041 | 5,944 | 811 | 7,954 | 15,264 | 16,865 | 11,251 | 0 | 2,000 | 17,557 | 11,686 | 36,273 | 25,832 | 17,674 | 8,374 | 8,374 | |
492/3 |
0 | 2,400 | 680 | 0 | 3,500 | 312 | - | - | - | - | - | 5,009 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
150,613 | 262,096 | 220,185 | 53,856 | 27,987 | 80,180 | 254,964 | 231,965 | 135,785 | 200,943 | 169,979 | 208,344 | 213,717 | 176,912 | 87,393 | 29,669 | 32,593 | 41,992 | 647 | - | |
62 |
- | - | - | 0 | -189 | 1,098 | 3,060 | 2,898 | 4,099 | 2,267 | 3,821 | 2,613 | 1,486 | - | - | - | - | - | - | - | |
630 |
12,169 | 2,198 | 1,951 | 1,078 | 1,523 | 1,335 | 1,608 | 885 | 1,218 | 1,469 | 6,607 | 6,111 | 6,706 | 11,651 | 11,545 | 8,682 | 8,142 | 8,492 | - | 150 | |
640/8 |
1,699 | 1,856 | 1,593 | 1,427 | 1,463 | 1,362 | 1,701 | 1,840 | 1,161 | 1,630 | 1,125 | 984 | 982 | 828 | 851 | 825 | 790 | 455 | 696 | 711 | |
66A |
0 | 103 | - | - | - | - | - | 8,881 | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
136,744 | 257,939 | 216,642 | 51,351 | 25,190 | 76,384 | 248,596 | 226,342 | 129,307 | 195,577 | 158,426 | 198,636 | 204,543 | 164,433 | 74,997 | 20,162 | 23,661 | 33,045 | -49 | -861 | |
75/76B |
30,291 | 16,389 | 19,247 | 22,486 | 109,767 | 31,622 | 2,469 | 4,811 | 14,121 | 4,456 | 9,454 | 7,027 | 4,503 | 1,747 | 1,058 | 540 | 190 | 26 | 7 | 13 | |
75 |
30,291 | 16,389 | 19,247 | 22,486 | 109,767 | 31,622 | 2,469 | 4,811 | 14,121 | 4,456 | 9,454 | 7,027 | 4,503 | 1,747 | 1,058 | 540 | 190 | 26 | 7 | 13 | |
65/66B |
239 | 249 | 191 | 384 | 162 | 139 | 308 | 11,755 | 914 | 902 | 194 | 318 | 166 | 904 | 1,162 | 2,390 | 1,461 | 2,351 | 13 | 12 | |
65 |
239 | 249 | 191 | 384 | 162 | 139 | 308 | 2,874 | 914 | 902 | 194 | 318 | 166 | 904 | 1,162 | 2,390 | 1,461 | 2,351 | 13 | 12 | |
66B |
- | - | - | - | - | - | - | 8,881 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
166,796 | 274,079 | 235,698 | 73,453 | 134,795 | 107,867 | 250,757 | 219,398 | 142,514 | 199,131 | 167,686 | 205,345 | 208,880 | 165,276 | 74,893 | 18,312 | 22,390 | 30,720 | -55 | -860 | |
67/77 |
46,400 | 80,310 | 74,678 | 25,937 | 26,254 | 24,259 | 85,762 | 65,641 | 44,756 | 72,154 | 88,468 | 71,336 | 76,666 | 54,939 | 20,159 | 3,428 | 5,942 | 10,004 | 89 | - | |
9904 |
120,396 | 193,769 | 161,020 | 47,517 | 108,541 | 83,608 | 164,995 | 153,757 | 97,758 | 126,977 | 79,218 | 134,009 | 132,214 | 110,337 | 54,734 | 14,884 | 16,448 | 20,716 | -144 | -860 | |
789 |
- | 0 | 77,500 | 62,000 | 31,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | 0 | 77,500 | 62,000 | 31,000 | - | - | - | 47 | 47 | 47 | 47 | 47 | - | - | - | |
9905 |
120,396 | 193,769 | 238,520 | 109,517 | 139,541 | 83,608 | 87,495 | 91,757 | 66,758 | 126,977 | 79,218 | 134,009 | 132,167 | 110,290 | 54,687 | 14,837 | 16,401 | 20,716 | -144 | -860 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
120,396 | 193,769 | 238,520 | 109,517 | 139,541 | 83,608 | 87,495 | 91,757 | 66,758 | 126,977 | 79,218 | 365,472 | 336,963 | 206,796 | 98,506 | 45,797 | 33,783 | 19,981 | -735 | -591 | |
791/2 |
0 | 91,757 | 66,758 | 126,977 | 310,681 | 132,324 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
120,396 | 193,769 | 238,520 | 109,517 | 139,541 | 83,608 | 87,495 | 91,757 | 66,758 | 126,977 | 79,218 | 365,472 | 238,463 | - | - | 178 | 823 | 999 | - | - | |
6920 |
- | - | - | - | - | - | 0 | 5,000 | 5,000 | 6,500 | - | 1,685 | 7,000 | - | - | 178 | 823 | 999 | - | - | |
6921 |
120,396 | 193,769 | 238,520 | 109,517 | 139,541 | 83,608 | 87,495 | 86,757 | 61,758 | 120,477 | 79,218 | 363,787 | 231,463 | - | - | - | - | - | - | - | |
694/7 |
0 | 91,757 | 66,758 | 126,977 | 310,681 | 132,324 | - | - | - | - | - | - | 98,500 | 2,000 | 2,000 | 1,800 | 2,000 | 2,600 | - | - | |
694 |
0 | 91,757 | 66,758 | 126,977 | 310,681 | 132,324 | - | - | - | - | - | - | 98,500 | 2,000 | 2,000 | 1,800 | 2,000 | 2,600 | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
0 | 0 | 0 | 0 | - | 1.9 | 1.9 | 2 | 0.2 | 0.2 | 0.3 | 0.2 | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | 94 | 252 | 212 | 312 | 212 | 428 | 321 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00234686 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00248082 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00406308 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00300253 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20403133 | |
| 31-12-2020 | abbreviated format | 26-08-2021 | 2021-54800411 | |
| 31-12-2019 | abbreviated format | 09-09-2020 | 2020-52200234 | |
| 31-12-2018 | abbreviated format | 07-06-2019 | 2019-16500059 | |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-34700164 | |
| 31-12-2016 | abbreviated format | 01-07-2017 | 2017-27800540 | |
| 31-12-2015 | abbreviated format | 22-06-2016 | 2016-19900282 | |
| 31-12-2014 | abbreviated format | 26-06-2015 | 2015-23000539 | |
| 31-12-2013 | abbreviated format | 05-07-2014 | 2014-28100584 | |
| 31-12-2012 | abbreviated format | 29-06-2013 | 2013-25500511 | |
| 31-12-2011 | abbreviated format | 06-07-2012 | 2012-26900444 | |
| 31-12-2010 | abbreviated format | 14-07-2011 | 2011-29700463 | |
| 31-12-2009 | abbreviated format | 14-06-2010 | 2010-17600127 | |
| 31-12-2008 | abbreviated format | 20-05-2009 | 2009-15700228 | |
| 31-12-2007 | abbreviated format | 05-05-2008 | 2008-12600213 | |
| 31-12-2006 | abbreviated format | 03-07-2007 | 2007-32700200 | |
| 31-12-2005 | abbreviated format | 05-09-2006 | 2006-77404685 | |
| 31-12-2004 | abbreviated format | 29-09-2005 | 2005-76405354 | |
| 31-12-2003 | abbreviated format | 25-08-2004 | 2004-61300613 | |
| 31-12-2002 | abbreviated format | 25-08-2003 | 2003-63300268 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 148,913 | 260,137 | 218,592 | 52,429 | 26,712 | 77,719 | 250,204 | 227,227 | 130,525 | 197,046 | 165,033 | 204,747 | 211,249 | 176,084 | 86,542 | 28,844 | 31,803 | 41,537 | - | -711 | ||
| 132,565 | 195,967 | 162,971 | 48,595 | 110,064 | 84,943 | 166,602 | 154,642 | 98,976 | 128,446 | 85,825 | 140,120 | 138,920 | 121,988 | 66,279 | 23,566 | 24,590 | 29,208 | - | -710 | ||
| 0 | 54,849 | 3,321 | 2,401 | 0 | 1,129 | 3,664 | -1 | 2,820 | 392,038 | 2,594 | 1 | 2,368 | 4,072 | 22,534 | 1,260 | 2,591 | 35,271 | - | - | ||
| 45,123 | -41,213 | 68,669 | -23,681 | -16,169 | -48,486 | 46,707 | -57,349 | 80,480 | -29,001 | -98,469 | 41,741 | -93,694 | 116,333 | 21,392 | 46,983 | 22,120 | -4,240 | -682 | - | ||
| 761,241 | 631,076 | 579,316 | 485,744 | 570,027 | 767,456 | 815,654 | 652,716 | 584,923 | 488,767 | 558,021 | 479,800 | 334,672 | 209,769 | 93,853 | 52,107 | 31,601 | 10,602 | 19,265 | 19,409 | ||
| 97.0% | 96.9% | 94.6% | 94.2% | 96.9% | 98.1% | 98.2% | 97.1% | 96.4% | 93.4% | 96.5% | 97.9% | 96.0% | 89.3% | 83.7% | 59.4% | 62.1% | 65.5% | 64.5% | 69.9% | ||
| 19.95 | 18.84 | 10.42 | 9.02 | 19.27 | 32.35 | 38.08 | 21.72 | 17.10 | 8.90 | 28.48 | 88.94 | 24.00 | 8.70 | 5.06 | 2.16 | 1.98 | 1.54 | 2.82 | 3.32 | ||
| 19.95 | 18.84 | 10.42 | 9.02 | 19.27 | 32.35 | 38.08 | 21.72 | 17.10 | 8.90 | 28.48 | 88.94 | 24.00 | 8.70 | 5.06 | 2.16 | 1.98 | 1.54 | 2.82 | 0.91 | ||
| 0.03 | 0.03 | 0.06 | 0.06 | 0.03 | 0.02 | 0.02 | 0.03 | 0.04 | 0.07 | 0.04 | 0.02 | 0.04 | 0.12 | 0.19 | 0.68 | 0.61 | 0.53 | 0.55 | 0.43 | ||
| 9.2% | 16.3% | 14.8% | 4.8% | 10.1% | 6.6% | 13.6% | 14.7% | 10.0% | 14.4% | 14.1% | 27.8% | 38.0% | 48.6% | 46.1% | 22.6% | 31.1% | 55.4% | -0.7% | -4.4% | ||
| 8.9% | 15.8% | 14.0% | 4.5% | 9.8% | 6.4% | 13.4% | 14.3% | 9.6% | 13.5% | 13.6% | 27.2% | 36.5% | 43.4% | 38.6% | 13.4% | 19.3% | 36.3% | -0.5% | -3.1% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €54,849 | €3,321 | €2,401 | €0 |
| Financial fixed assets | €0 | €0 | €0 | - | - |
| €12,169 | €2,198 | €1,951 | €1,078 | €1,523 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 47% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 3.1% to 3.0%. Equity and debt are higher.
Source: shareholder structure in its own accounts
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| BODEX
registered office since 01-04-1982 · founded in 1982 |
total assets €628,432 (2025) 0422.572.679 |
The network starts from the directors of Value+. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| VALUE + registered office Rozenaaksesteenweg 13, 9600 Ronse 70200 Business and other management consultancy | 17-06-2002 | 2.096.135.950 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45041A0837/00C000 | 1,689 m² | 1 · 190 m² | 7.0 m · 2 |
If something looks wrong or is missing, please tell us.