VALUE ADDED TELECOM
ActiveSummary
VALUE ADDED TELECOM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,550 and a net result of €12,232. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-20
Solvency51▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.57 in 2024; short-term debt: 74.3% and cash: 51.4% of total assets), and 74.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
25.7%
Return on assets
17%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
21 d late
2024
9 d late
2023
26 d late
2022
27 d late
2021
29 d late
2020
27 d late
2019
60 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€18,550▼ 32.8%
2024 · €27,617
Total assets
€72,110▼ 5.4%
2024 · €76,194
Net result
€12,232▼ 47.0%
2024 · €23,085
Working capital
€18,550▼ 32.8%
2024 · €27,617
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,254€7,855▼ 59.2%€28,217▲ 259%€31,339▲ 11.1%€16,350▼ 47.8%
Net result€19,218within the sector's middle half€6,441within the sector's middle half▼ 66.5%€21,031within the sector's middle half▲ 227%€23,085within the sector's middle half▲ 9.8%€12,232within the sector's middle half▼ 47.0%
Equity€16,061below the sector's middle half€22,502below the sector's middle half▲ 40.1%€19,532below the sector's middle half▼ 13.2%€27,617within the sector's middle half▲ 41.4%€18,550below the sector's middle half▼ 32.8%
Total assets€78,580within the sector's middle half▼ 33.0%€48,474below the sector's middle half▼ 38.3%€60,326below the sector's middle half▲ 24.4%€76,194within the sector's middle half▲ 26.3%€72,110below the sector's middle half▼ 5.4%
Debt€62,519▼ 48.1%€25,973▼ 58.5%€40,794▲ 57.1%€48,577▲ 19.1%€53,560▲ 10.3%
Working capital€16,061€22,502▲ 40.1%€19,532▼ 13.2%€27,617▲ 41.4%€18,550▼ 32.8%
Solvency20.4%below the sector's middle half▲ 23.1pp46.4%within the sector's middle half▲ 26.0pp32.4%below the sector's middle half▼ 14.0pp36.2%within the sector's middle half▲ 3.9pp25.7%below the sector's middle half▼ 10.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
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 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €72,110
Equity
€18,550 ▼ 32.8%
Debt
€53,560 ▲ 10.3%
Debt's share of the balance-sheet total rises from 63.8% to 74.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.35▼
2024 · 1.57
Debt to equity
2.89▲
2024 · 1.76
ROE
65.9%▼
2024 · 83.6%
ROA
17.0%▼
2024 · 30.3%
Debt ≤ 1 year
€53,560▲
2024 · €48,577
Income taxes
€4,077▼
2024 · €8,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €19,254 | €7,855 | €28,217 | €31,339 | €16,350 | ▼ 47.8% |
| Operating profit (loss)9901 | €19,254 | €7,855 | €28,217 | €31,339 | €16,350 | ▼ 47.8% |
| Financial income75/76B | - | €0 | €0 | - | €0 | - |
| Recurring financial income75 | - | €0 | €0 | - | €0 | - |
| Financial charges65/66B | €37 | €39 | €39 | €40 | €40 | ▲ 0.2% |
| Recurring financial charges65 | €37 | €39 | €39 | €40 | €40 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €19,218 | €7,816 | €28,178 | €31,298 | €16,310 | ▼ 47.9% |
| Income taxes67/77 | - | €1,375 | €7,147 | €8,213 | €4,077 | ▼ 50.4% |
| Profit (loss) for the period9904 | €19,218 | €6,441 | €21,031 | €23,085 | €12,232 | ▼ 47.0% |
| Profit (loss) for the period to be appropriated9905 | €19,218 | €6,441 | €21,031 | €23,085 | €12,232 | ▼ 47.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,580 | €48,474 | €60,326 | €76,194 | €72,110 | ▼ 5.4% |
| Current assets29/58 | €78,580 | €48,474 | €60,326 | €76,194 | €72,110 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €50,799 | €31,146 | €32,688 | €54,729 | €35,000 | ▼ 36.0% |
| Trade receivables40 | €42,821 | €24,852 | €30,522 | €37,420 | €19,967 | ▼ 46.6% |
| Other amounts receivable41 | €7,978 | €6,294 | €2,166 | €17,310 | €15,034 | ▼ 13.1% |
| Cash at bank and in hand54/58 | €27,778 | €17,292 | €27,639 | €21,410 | €37,073 | ▲ 73.2% |
| Deferred charges and accrued income490/1 | €3 | €36 | - | €55 | €36 | ▼ 34.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,580 | €48,474 | €60,326 | €76,194 | €72,110 | ▼ 5.4% |
| Equity10/15 | €16,061 | €22,502 | €19,532 | €27,617 | €18,550 | ▼ 32.8% |
| Reserves13 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Non-distributable reserves130/1 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves not available under the articles1311 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€2,489 | €3,952 | €982 | €9,067 | - | - |
| Amounts payable17/49 | €62,519 | €25,973 | €40,794 | €48,577 | €53,560 | ▲ 10.3% |
| Amounts payable within one year42/48 | €62,519 | €25,973 | €40,794 | €48,577 | €53,560 | ▲ 10.3% |
| Trade debts44 | €28,623 | €23,702 | €8,769 | €25,749 | €16,573 | ▼ 35.6% |
| Suppliers440/4 | €28,623 | €23,702 | €8,769 | €25,749 | €16,573 | ▼ 35.6% |
| Taxes, remuneration and social security45 | - | €1,375 | €7,044 | €7,828 | €5,438 | ▼ 30.5% |
| Taxes450/3 | - | €1,375 | €7,044 | €7,828 | €5,438 | ▼ 30.5% |
| Other amounts payable47/48 | €33,896 | €896 | €24,980 | €15,000 | €31,550 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,218 | €6,441 | €21,031 | €23,085 | €12,232 | ▼ 47.0% |
| Operating cash flow (approximation) | €19,218 | €6,441 | €21,031 | €23,085 | €12,232 | ▼ 47.0% |
| Change in cash | - | -€10,487 | €10,347 | -€6,229 | €15,663 | ▲ 351% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €19,218
Net result €19,218 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet -€21,707
Net result drops to -€21,707, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Highest result since 2018net €140,409 ▲163%
Operating result €186,515, net result €140,409, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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-Gillis (bij-Brussel) · 1 establishment unit since 2018
Ground area
161 m²
Building footprint
147 m²
Volume, LiDAR
2,403 m³
Parcel 21013B0328/00H003, Brussels · tallest building 18.6 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Spanjestraat 83, 1060 Sint-Gillis (bij-Brussel)
since 20182.274.836.377
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0328/00H003 | Brussels | 161 m² | 1 · 147 m² | 18.6 m · 6 fl. |
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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 12,687 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 (pre-2019)
Founded20-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684837717
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.