VALUE +
ActiveSummary
VALUE + has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28k and a net result of €2k. Equity is shrinking by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-21
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 11.59 against 8.1 in 2024; short-term debt: 8.3% and cash: 46.1% of total assets), and 8.3% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
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
91.7%
Return on assets
8.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €28k
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 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
31 d early
2023
22 d early
2022
21 d early
2021
25 d early
2020
17 d early
2019
21 d early
← 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
€28k▲ 9.8%
2024 · €25k
2018: €66khighest in 8 years
2019: €48k▼ -27.4% vs 2018
2020: €43k▼ -10.9% vs 2019
2021: €58k▲ +37.3% vs 2020
2022: €27k▼ -54.1% vs 2021
2023: €7k▼ -74.3% vs 2022lowest in 8 years
2024: €25k▲ +265% vs 2023
2025: €28k▲ +9.8% vs 2024
2018 → 2025
Total assets
€30k▲ 5.1%
2024 · €29k
2018: €199khighest in 8 years
2019: €161k▼ -19.3% vs 2018
2020: €150k▼ -7.1% vs 2019
2021: €132k▼ -11.5% vs 2020
2022: €68k▼ -49.0% vs 2021
2023: €20k▼ -70.0% vs 2022lowest in 8 years
2024: €29k▲ +41.1% vs 2023
2025: €30k▲ +5.1% vs 2024
2018 → 2025
Net result
€2k▼ 86.5%
2024 · €18k
2018: €6k
2019: €-18k▼ -385% vs 2018
2020: €-4k▲ +80.0% vs 2019
2021: €17k▲ +586% vs 2020
2022: €-32k▼ -281% vs 2021lowest in 8 years
2023: €-20k▲ +37.0% vs 2022
2024: €18k▲ +191% vs 2023highest in 8 years
2025: €2k▼ -86.5% vs 2024
2018 → 2025
Working capital
€26k▲ 6.5%
2024 · €25k
2018: €122khighest in 8 years
2019: €85k▼ -30.4% vs 2018
2020: €73k▼ -14.0% vs 2019
2021: €67k▼ -8.2% vs 2020
2022: €27k▼ -60.4% vs 2021
2023: €7k▼ -75.0% vs 2022lowest in 8 years
2024: €25k▲ +275% vs 2023
2025: €26k▲ +6.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€27k▼ 54.1%€7k▼ 74.3%€25k▲ 265%€28k▲ 9.8%
2021: €58khighest in 5 years
2022: €27k▼ -54.1% vs 2021
2023: €7k▼ -74.3% vs 2022lowest in 5 years
2024: €25k▲ +265% vs 2023
2025: €28k▲ +9.8% vs 2024
Operating result€23k-€-30k€-19k▲ 37.4%€19k€3k▼ 83.0%
2021: €23khighest in 5 years
2022: €-30k▼ -229% vs 2021lowest in 5 years
2023: €-19k▲ +37.4% vs 2022
2024: €19k▲ +205% vs 2023
2025: €3k▼ -83.0% vs 2024
Net result€17k-€-32k€-20k▲ 37.0%€18k€2k▼ 86.5%
2021: €17k
2022: €-32k▼ -281% vs 2021lowest in 5 years
2023: €-20k▲ +37.0% vs 2022
2024: €18k▲ +191% vs 2023highest in 5 years
2025: €2k▼ -86.5% 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 falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30k
Fixed assets
€1k ▲ 333%
Current assets
€29k ▲ 2.2%
Equity and liabilities €30k
Equity
€28k ▲ 9.8%
Debt
€3k ▼ 28.6%
Debt's share of the balance-sheet total falls from 12.2% to 8.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k
Cash flow
€3k
Current ratio
11.59▲
2024 · 8.10
Debt to equity
0.09▼
2024 · 0.14
ROE
8.9%▼
2024 · 72.6%
ROA
8.2%▼
2024 · 63.7%
Interest coverage
9.50
Debt ≤ 1 year
€3k▼
2024 · €4k
Income taxes
€506▼
2024 · €519
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29k€30k▲
Fixed assets21/28€250€1k▲
Tangible fixed assets22/27-€832
Furniture and vehicles24-€832
Financial fixed assets28€250€250=
Current assets29/58€28k€29k▲
Amounts receivable within one year40/41€8k€10k▲
Trade receivables40€8k€7k▼
Other amounts receivable41€487€3k▲
Cash at bank and in hand54/58€19k€14k▼
Deferred charges and accrued income490/1€814€5k▲
Equity and liabilities
Total equity and liabilities10/49€29k€30k▲
Equity10/15€25k€28k▲
Contributions10/11€12k€12k=
Reserves13€24k€24k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€-11k€-9k▲
Amounts payable17/49€4k€3k▼
Amounts payable within one year42/48€4k€3k▼
Financial debts43€263€0▼
Credit institutions430/8€263€0▼
Trade debts44€540€400▼
Suppliers440/4€540€400▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€1k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€411
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€9k€3k▼
Gross operating margin9900€29k€6k▼
Operating profit (loss)9901€19k€3k▼
Financial income75/76B€0€45▲
Recurring financial income75€0€45▲
Financial charges65/66B€651€391▼
Recurring financial charges65€651€391▼
Profit (loss) for the period before taxes9903€19k€3k▼
Income taxes67/77€519€506▼
Profit (loss) for the period9904€18k€2k▼
Profit (loss) for the period to be appropriated9905€18k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-9k▲
Profit (loss) brought forward from the previous period14P€-29k€-11k▲
Transfer from equity791/2€0-
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €377 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €411 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-5k | €-35k | €-74k | €0 | - | - |
| Other operating charges640/8 | €1k | €14k | €9k | €9k | €3k | ▼ 71.7% |
| Gross operating margin9900 | €19k | €-51k | €-84k | €29k | €6k | ▼ 77.9% |
| Operating profit (loss)9901 | €23k | €-30k | €-19k | €19k | €3k | ▼ 83.0% |
| Financial income75/76B | €0 | €0 | €0 | €0 | €45 | - |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €45 | - |
| Financial charges65/66B | €3k | €2k | €860 | €651 | €391 | ▼ 39.9% |
| Recurring financial charges65 | €3k | €2k | €860 | €651 | €391 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | €20k | €-31k | €-19k | €19k | €3k | ▼ 84.2% |
| Income taxes67/77 | €3k | €455 | €545 | €519 | €506 | ▼ 2.5% |
| Profit (loss) for the period9904 | €17k | €-32k | €-20k | €18k | €2k | ▼ 86.5% |
| Profit (loss) for the period to be appropriated9905 | €17k | €-32k | €-20k | €18k | €2k | ▼ 86.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132k | €68k | €20k | €29k | €30k | ▲ 5.1% |
| Fixed assets21/28 | €250 | €250 | €250 | €250 | €1k | ▲ 333% |
| Tangible fixed assets22/27 | - | - | - | - | €832 | - |
| Furniture and vehicles24 | - | - | - | - | €832 | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €132k | €67k | €20k | €28k | €29k | ▲ 2.2% |
| Stocks and contracts in progress3 | €74k | €36k | €0 | - | - | - |
| Stocks30/36 | €74k | €36k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €20k | €11k | €7k | €8k | €10k | ▲ 17.1% |
| Trade receivables40 | €20k | €7k | €6k | €8k | €7k | ▼ 18.0% |
| Other amounts receivable41 | €235 | €4k | €525 | €487 | €3k | ▲ 593% |
| Cash at bank and in hand54/58 | €37k | €19k | €13k | €19k | €14k | ▼ 27.4% |
| Deferred charges and accrued income490/1 | €900 | €909 | €778 | €814 | €5k | ▲ 541% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132k | €68k | €20k | €29k | €30k | ▲ 5.1% |
| Equity10/15 | €58k | €27k | €7k | €25k | €28k | ▲ 9.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €26k | €26k | €24k | €24k | €24k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €24k | €24k | €24k | €24k | €24k | = |
| Profit (loss) carried forward14 | €20k | €-11k | €-29k | €-11k | €-9k | ▲ 22.1% |
| Amounts payable17/49 | €74k | €41k | €13k | €4k | €3k | ▼ 28.6% |
| Amounts payable after more than one year17 | €7k | €0 | - | - | - | - |
| Financial debts170/4 | €7k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €65k | €41k | €13k | €4k | €3k | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | €10k | €7k | €0 | - | - | - |
| Financial debts43 | - | €15 | €0 | €263 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €15 | €0 | €263 | €0 | ▼ 100% |
| Trade debts44 | €5k | €6k | €2k | €540 | €400 | ▼ 26.0% |
| Suppliers440/4 | €5k | €6k | €2k | €540 | €400 | ▼ 26.0% |
| Taxes, remuneration and social security45 | €7k | €3k | €5k | €1k | €2k | ▲ 46.6% |
| Taxes450/3 | €7k | €3k | €5k | €1k | €2k | ▲ 46.6% |
| Other amounts payable47/48 | €43k | €25k | €6k | €1k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €2k | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-32k | €-20k | €18k | €2k | ▼ 86.5% |
| + Depreciation and write-downs630 | - | - | - | - | €411 | - |
| Operating cash flow (approximation) | €17k | €-32k | €-20k | €18k | €3k | ▼ 84.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-1k | - |
| Change in cash | - | €-18k | €-7k | €6k | €-5k | ▼ 181% |
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
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 8.10
Current ratio from 1.50 to 8.10; short-term debt falls from €13k to €4k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
3 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, Hasselt · 1 establishment unit since 2012
Ground area
6,810 m²
Building footprint
282 m²
Volume, LiDAR
456 m³
Parcel 71055A0691/00P000, Flanders · tallest building 5.4 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Value+
since 20122.208.534.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71055A0691/00P000 | Flanders | 6,810 m² | 1 · 281 m² | 5.4 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 7,809 EUR awarded · 7,809 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,583 EUR | 4,583 EUR |
| 2024 | 1 | 1,111 EUR | 1,111 EUR |
| 2023 | 1 | 1,269 EUR | 1,269 EUR |
| 2022 | 1 | 846 EUR | 846 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,744 companies in sector 46150 we hold annual accounts for 759. 517 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
Founded09-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.