Summary
VALUE 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 €217,338 and a net result of €70,219. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 8061 sector peers (fiscal year 2025). The company has been active since 2005 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
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8061 sector peers (2025).
NBB · sector comparisonPosition among 8061 sector peers
Solvency
better than 21%
← weakest
strongest →
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
19202122232425
2019 to 2025 · latest year €217,338
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
40 d early
2021
38 d early
2020
38 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€217,338▲ 46.0%
2024 · €148,834
Net result
€70,219
2024 · -€44,555
Total assets
€1.3m▼ 14.1%
2024 · €1.5m
Solvency
16.4%▲ 6.7pp
2024 · 9.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€64,892▲ 59.6%€6,091€7,080▲ 16.2%-€43,994€113,669
Net result-€65,074▲ 66.2%€8,790€10,618▲ 20.8%-€44,555€70,219
Equity€173,982▼ 27.2%€182,771▲ 5.1%€193,389▲ 5.8%€148,834▼ 23.0%€217,338▲ 46.0%
Total assets€1.5m▲ 2.2%€1.6m▲ 2.7%€1.7m▲ 7.7%€1.5m▼ 7.6%€1.3m▼ 14.1%
Debt€1.3m▲ 8.2%€1.3m▲ 2.6%€1.4m▲ 8.2%€1.4m▼ 5.7%€1.0m▼ 24.6%
Working capital-€500,536▼ 25.3%-€551,843▼ 10.3%-€571,160▼ 3.5%-€672,549▼ 17.8%-€385,448▲ 42.7%
Solvency11.5%▼ 4.6pp11.8%▲ 0.3pp11.6%▼ 0.2pp9.6%▼ 1.9pp16.4%▲ 6.7pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €113,669 after a loss of €43,994 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€789,393 ▼ 30.3%
Current assets
€537,426 ▲ 30.5%
Equity and liabilities €1.3m
Equity
€217,338 ▲ 46.0%
Provisions
€83,110 ▲ 148%
Debt
€1.0m ▼ 24.6%
Debt's share of the balance-sheet total falls from 88.2% to 77.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
32.3%▲
2024 · -29.9%
ROA
5.3%▲
2024 · -2.9%
Debt ≤ 1 year
€922,875▼
2024 · €1.1m
Debt > 1 year
€102,997▼
2024 · €276,621
Income taxes
€177▲
2024 · €168
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €31,553 | - | - | €203,727 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,083 | €67,569 | €73,149 | €73,470 | €62,885 | ▼ 14.4% |
| Other operating charges640/8 | - | €12,585 | €4,225 | €3,624 | €11,235 | ▲ 210% |
| Gross operating margin9900 | €11,209 | €86,245 | €84,454 | €33,100 | €187,789 | ▲ 467% |
| Operating profit (loss)9901 | -€64,892 | €6,091 | €7,080 | -€43,994 | €113,669 | ▲ 358% |
| Financial income75/76B | - | €8,750 | €14,571 | €14,788 | €15,299 | ▲ 3.5% |
| Recurring financial income75 | €6,914 | €8,750 | €14,571 | €14,788 | €15,299 | ▲ 3.5% |
| Financial charges65/66B | - | €6,546 | €11,098 | €16,580 | €10,754 | ▼ 35.1% |
| Recurring financial charges65 | €8,380 | €6,546 | €11,098 | €16,580 | €10,754 | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | -€66,358 | €8,294 | €10,553 | -€45,786 | €118,214 | ▲ 358% |
| Transfer from deferred taxes780 | - | €1,399 | €1,399 | €1,399 | €3,113 | ▲ 123% |
| Transfer to deferred taxes680 | - | - | - | - | €50,932 | - |
| Income taxes67/77 | €115 | €903 | €1,334 | €168 | €177 | ▲ 5.4% |
| Profit (loss) for the period9904 | -€65,074 | €8,790 | €10,618 | -€44,555 | €70,219 | ▲ 258% |
| Transfer from tax-exempt reserves789 | - | €8,753 | €3,113 | €3,113 | €1,399 | ▼ 55.1% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €152,796 | - |
| Profit (loss) for the period to be appropriated9905 | -€61,961 | €17,543 | €13,731 | -€41,442 | -€81,178 | ▼ 95.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.7m | €1.5m | €1.3m | ▼ 14.1% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.2m | €1.1m | €789,393 | ▼ 30.3% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.2m | €1.1m | €789,393 | ▼ 30.3% |
| Land and buildings22 | - | €1.2m | €1.1m | €1.1m | €765,583 | ▼ 30.4% |
| Plant, machinery and equipment23 | - | €1,749 | €832 | €4,804 | €6,083 | ▲ 26.6% |
| Furniture and vehicles24 | - | €48,596 | €36,968 | €27,867 | €17,726 | ▼ 36.4% |
| Current assets29/58 | €236,987 | €299,211 | €491,392 | €411,795 | €537,426 | ▲ 30.5% |
| Stocks and contracts in progress3 | €20,791 | €15,971 | €21,949 | €20,069 | €19,728 | ▼ 1.7% |
| Stocks30/36 | - | €15,971 | €21,949 | €20,069 | €19,728 | ▼ 1.7% |
| Amounts receivable within one year40/41 | €179,379 | €264,766 | €463,188 | €377,139 | €440,796 | ▲ 16.9% |
| Trade receivables40 | - | €34,994 | €36,511 | €2,767 | €13,232 | ▲ 378% |
| Other amounts receivable41 | - | €229,772 | €426,677 | €374,372 | €427,564 | ▲ 14.2% |
| Cash at bank and in hand54/58 | €29,440 | €13,619 | €4,082 | €9,923 | €71,989 | ▲ 625% |
| Deferred charges and accrued income490/1 | - | €4,856 | €2,173 | €4,664 | €4,914 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.7m | €1.5m | €1.3m | ▼ 14.1% |
| Equity10/15 | €173,982 | €182,771 | €193,389 | €148,834 | €217,338 | ▲ 46.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €278,937 | €270,183 | €267,070 | €263,957 | €413,640 | ▲ 56.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €80,961 | €77,848 | €74,735 | €224,417 | ▲ 200% |
| Distributable reserves133 | - | €187,363 | €187,363 | €189,223 | €189,223 | = |
| Profit (loss) carried forward14 | -€117,355 | -€99,812 | -€86,081 | -€127,523 | -€208,702 | ▼ 63.7% |
| Provisions and deferred taxes16 | €37,772 | €36,374 | €34,975 | €33,576 | €83,110 | ▲ 148% |
| Deferred taxes168 | - | €36,374 | €34,975 | €33,576 | €83,110 | ▲ 148% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.4m | €1.4m | €1.0m | ▼ 24.6% |
| Amounts payable after more than one year17 | €556,801 | €473,742 | €376,022 | €276,621 | €102,997 | ▼ 62.8% |
| Financial debts170/4 | - | €473,742 | €376,022 | €276,621 | €102,997 | ▼ 62.8% |
| Amounts payable within one year42/48 | €737,523 | €851,055 | €1.1m | €1.1m | €922,875 | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | - | €101,018 | €98,804 | €99,757 | €72,256 | ▼ 27.6% |
| Trade debts44 | €18,660 | €2,206 | €5,144 | €3,054 | €8,445 | ▲ 177% |
| Suppliers440/4 | - | €2,206 | €5,144 | €3,054 | €8,445 | ▲ 177% |
| Taxes, remuneration and social security45 | - | €7,671 | €3,348 | €327 | €177 | ▼ 45.9% |
| Taxes450/3 | - | €7,671 | €3,348 | €327 | €177 | ▼ 45.9% |
| Other amounts payable47/48 | - | €740,159 | €955,257 | €981,207 | €841,997 | ▼ 14.2% |
| Accrued charges and deferred income492/3 | - | €8,404 | €4,439 | €484 | €499 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,074 | €8,790 | €10,618 | -€44,555 | €70,219 | ▲ 258% |
| + Depreciation and write-downs630 | €65,083 | €67,569 | €73,149 | €73,470 | €62,885 | ▼ 14.4% |
| Operating cash flow (approximation) | €8 | €76,359 | €83,766 | €28,915 | €133,103 | ▲ 360% |
| Investment in fixed assets (approximation) | - | -€46,815 | €0 | -€25,549 | €279,787 | ▲ 1,195% |
| Change in cash | - | -€15,821 | -€9,537 | €5,841 | €62,066 | ▲ 963% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €70,219
Net result €70,219 after one loss-making year.
30-06
Financial
Equity above €200,000Eq €217,338 ▲46%
Equity rises from €148,834 to €217,338.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €8,790
Net result €8,790 after 3 loss-making years.
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet -€192,608
Net result drops to -€192,608, the lowest in the series; recovery starts the following year.
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
13-02
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB 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.
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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 · 2 establishment units since 2005
Ground area
8,750 m²
Building footprint
3,570 m²
Volume, LiDAR
34,691 m³
2 parcels, Flanders · tallest building 17.7 m, ±4 floors. Linked by address, not a title deed.
32
companies at this address
See who is registered here
2 establishment units
Value
since 20052.168.353.935
Hoenger
since 20182.353.532.477
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0426/00D000 | Flanders | 6,826 m² | 1 · 2,803 m² | 17.7 m · 4 fl. |
| 71402D1112/00Z000 | Flanders | 1,924 m² | 1 · 768 m² | 0.0 m |
Linked by address, not proof of ownership
Good to know
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 siteDiepenbeek2.353.532.477
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,560 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
Founded27-01-2005
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
47690Retail sale of other cultural and recreation goods
68110Buying and selling of own real estate
70200Business and other management consultancy
Contact
E-mail
luc.vannitsen@offitel.beHasselt
Phone
089/620213Hasselt
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871537476
Also
9925:BE0871537476
Registered
31-08-2023
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.