From the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
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, of which €203,727 non-recurring income. Equity is shrinking by about 9.8% per year across the filed financial years. Its solvency ranks better than 21% of 9,743 sector peers (NACE 64, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 27-01-2005 Normal situation
- Legal form
- Private limited company
- Registered office
- Lazarijstraat 156, 3500 Hasselt
- Activity
- Activities of holding companies NACE 64210and 3 others
- Establishment units
- 2.168.353.935 3500 Hasselt, since 28-01-2005
- 2.353.532.477 3590 Diepenbeek, since 01-12-2018
- Financial year end
- 30 June
- Peppol
- Reachable since 31-08-2023
How it is doing
- Profit
- €70,219
- Equity
- €217,338
- ▲ 46.0%
- Total assets
- €1.3m
- ▼ 14.1%
Signalsraises riskWeak solvency vs sectorlowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
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Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 30-01-2026
- Format
- micro format
- Reference
- 2026-00021601
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2019 | 2020 | 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 | €71,432 | €70,387 | €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 | -€24,790 | -€81,409 | €11,209 | €86,245 | €84,454 | €33,100 | €187,789 | ▲ 467% |
| Operating profit (loss)9901 | -€103,325 | -€160,735 | -€64,892 | €6,091 | €7,080 | -€43,994 | €113,669 | - |
| Financial income75/76B | - | - | - | €8,750 | €14,571 | €14,788 | €15,299 | ▲ 3.5% |
| Recurring financial income75 | €448 | €40 | €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 | €29,836 | €33,196 | €8,380 | €6,546 | €11,098 | €16,580 | €10,754 | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | -€132,714 | -€193,892 | -€66,358 | €8,294 | €10,553 | -€45,786 | €118,214 | - |
| Transfer from deferred taxes780 | - | - | - | €1,399 | €1,399 | €1,399 | €3,113 | ▲ 123% |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €50,932 | - |
| Income taxes67/77 | €76 | €115 | €115 | €903 | €1,334 | €168 | €177 | ▲ 5.4% |
| Profit (loss) for the period9904 | -€131,391 | -€192,608 | -€65,074 | €8,790 | €10,618 | -€44,555 | €70,219 | - |
| 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 | -€128,278 | -€189,495 | -€61,961 | €17,543 | €13,731 | -€41,442 | -€81,178 | ▼ 95.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.8m | €1.5m | €1.5m | €1.6m | €1.7m | €1.5m | €1.3m | ▼ 14.1% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.3m | €1.3m | €1.2m | €1.1m | €0.8m | ▼ 30.3% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.3m | €1.3m | €1.2m | €1.1m | €0.8m | ▼ 30.3% |
| Land and buildings22 | - | - | - | €1.2m | €1.1m | €1.1m | €0.8m | ▼ 30.4% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.005m | €0.006m | ▲ 26.6% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.04m | €0.03m | €0.02m | ▼ 36.4% |
| Financial fixed assets28 | €300 | €300 | - | - | - | - | - | - |
| Current assets29/58 | €0.4m | €0.1m | €0.2m | €0.3m | €0.5m | €0.4m | €0.5m | ▲ 30.5% |
| Stocks and contracts in progress3 | €0.2m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 1.7% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 1.7% |
| Amounts receivable within one year40/41 | €0.09m | €0.006m | €0.2m | €0.3m | €0.5m | €0.4m | €0.4m | ▲ 16.9% |
| Trade receivables40 | - | - | - | €0.03m | €0.04m | €0.003m | €0.01m | ▲ 378% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.4m | €0.4m | €0.4m | ▲ 14.2% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.03m | €0.01m | €0.004m | €0.01m | €0.07m | ▲ 625% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.002m | €0.005m | €0.005m | ▲ 5.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.8m | €1.5m | €1.5m | €1.6m | €1.7m | €1.5m | €1.3m | ▼ 14.1% |
| Equity10/15 | €0.4m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 46.0% |
| Contributions10/11 | €0.01m | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 56.7% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.08m | €0.08m | €0.07m | €0.2m | ▲ 200% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | - | -€0.06m | -€0.1m | -€0.1m | -€0.09m | -€0.1m | -€0.2m | ▼ 63.7% |
| Provisions and deferred taxes16 | €0.04m | €0.04m | €0.04m | €0.04m | €0.03m | €0.03m | €0.08m | ▲ 148% |
| Deferred taxes168 | - | - | - | €0.04m | €0.03m | €0.03m | €0.08m | ▲ 148% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.3m | €1.3m | €1.4m | €1.4m | €1.0m | ▼ 24.6% |
| Amounts payable after more than one year17 | €0.7m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.1m | ▼ 62.8% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.1m | ▼ 62.8% |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.7m | €0.9m | €1.1m | €1.1m | €0.9m | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 27.6% |
| Trade debts44 | €0.01m | €0.01m | €0.02m | €0.002m | €0.005m | €0.003m | €0.008m | ▲ 177% |
| Suppliers440/4 | - | - | - | €0.002m | €0.005m | €0.003m | €0.008m | ▲ 177% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.003m | €327 | €177 | ▼ 45.9% |
| Taxes450/3 | - | - | - | €0.008m | €0.003m | €327 | €177 | ▼ 45.9% |
| Other amounts payable47/48 | - | - | - | €0.7m | €1.0m | €1.0m | €0.8m | ▼ 14.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.004m | €484 | €499 | ▲ 3.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€131,391 | -€192,608 | -€65,074 | €8,790 | €10,618 | -€44,555 | €70,219 | - |
| + Depreciation and write-downs630 | €71,432 | €70,387 | €65,083 | €67,569 | €73,149 | €73,470 | €62,885 | ▼ 14.4% |
| Operating cash flow (approximation) | -€59,959 | -€122,221 | €8 | €76,359 | €83,766 | €28,915 | €133,103 | ▲ 360% |
| Investment in fixed assets (approximation) | - | -€30,989 | -€5,287 | -€46,815 | €0 | -€25,549 | €279,787 | - |
| Change in cash | - | -€8,014 | -€84,257 | -€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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00021601 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00017719 | |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00011523 | |
| 30-06-2022 | micro format | 22-12-2022 | 2022-20543763 | |
| 30-06-2021 | micro format | 24-12-2021 | 2021-81500274 | |
| 30-06-2020 | micro format | 24-12-2020 | 2020-76900198 | |
| 30-06-2019 | micro format | 23-12-2019 | 2019-76900520 | |
| 30-06-2018 | micro format | 21-12-2018 | 2018-75100324 | |
| 30-06-2017 | micro format | 14-12-2017 | 2017-71600547 | |
| 31-12-2015 | abbreviated format | 27-06-2016 | 2016-22400481 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANNITSEN,Luc Robert François |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”“Bedrag vaste of evenredige vergoeding, algemene kosten los van representatie-,reis- en verplaatsingskosten”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd”
Articles of association, deed of 13-09-2023 (in Dutch)
Owners and capital
Capital and shareholders
- 13-09-2023 Capital stated in the deed · 186 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Werkelijke waarde bij gebrek akkoord, overdracht van aandelen”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 13-09-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-09
Gazette deed
Appointment: VANNITSEN,Luc Robert François (statutory director)Resignation: VANNITSEN,Luc Robert François (statutory manager) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, “buitengewone algemene vergadering der aandeelhouders” (deed in Dutch)
- Amendment of the articles (6 times)
- Capital conversion, “middelen beschikbaar voor uitkering, TWEEDE BESLISSING-Volledige opheffing van de onbeschikbaarheid” (deed in Dutch)
- Capital
- Director appointment, VANNITSEN,Luc Robert François (statutory director) (2 times)
- Director resignation, VANNITSEN,Luc Robert François (statutory manager)
- Director discharge, VANNITSEN,Luc Robert François
- Power of attorney
- Power of attorney, Rembert VAN BAEL
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VALUE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, vennootschap kan,bij enkel besluit van het bestuursorgaan,administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of December at 21:00
Articles of association, deed of 13-09-2023 (in Dutch)
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders.
Sites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71327G0426/00D000 | Flanders | 6,826 m² | 1 · 2,803 m² | 17.7 m · 4 |
| 71402D1112/00Z000 | Flanders | 1,924 m² | 1 · 768 m² | 0.0 m |