Value Coaching
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-04-2026 PDF all 4 filings
Turnover
≈ €500,000
Estimated: probably between €410,000 and €700,000
Total assets
€1.0m▲ 6.2%
2024 · €958,139
Net result
€254,817▼ 7.5%
2024 · €275,442
Working capital
€561,089▼ 18.2%
2024 · €685,910
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€327,854
▼ 15.6%
2025
20222025
Net result
€254,817
▼ 7.5%
2025
highest quarter of the sector
20222025
Equity
€693,951
=
2025
highest quarter of the sector
20222025
Total assets
€1.0m
▲ 6.2%
2025
highest quarter of the sector
20222025
Debt
€323,308
▲ 22.4%
2025
20222025
Working capital
€561,089
▼ 18.2%
2025
highest quarter of the sector
20222025
Solvency
68.2%
▼ 4.2pp
2025
middle half of the sector
20222025
Current ratio
2.75
▼ 0.89
2025
middle half of the sector
20222025
Return on assets (ROA)
25.0%
▼ 3.7pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€0.3m-€0.3m▼ 12.7%€0.4m▲ 38.8%€0.3m▼ 15.6%
Net result€0.2mabove the sector's middle half-€0.2mabove the sector's middle half▼ 12.3%€0.3mabove the sector's middle half▲ 41.5%€0.3mabove the sector's middle half▼ 7.5%
Equity€0.2mabove the sector's middle half-€0.4mabove the sector's middle half▲ 86.9%€0.7mabove the sector's middle half▲ 65.8%€0.7mabove the sector's middle half=
Total assets€0.3mwithin the sector's middle half-€0.7mabove the sector's middle half▲ 87.0%€1.0mabove the sector's middle half▲ 46.6%€1.0mabove the sector's middle half▲ 6.2%
Debt€0.1m-€0.2m▲ 87.1%€0.3m▲ 12.4%€0.3m▲ 22.4%
Working capital€0.2mabove the sector's middle half-€0.4mabove the sector's middle half▲ 84.4%€0.7mabove the sector's middle half▲ 66.8%€0.6mabove the sector's middle half▼ 18.2%
Solvency64.0%within the sector's middle half-64.0%within the sector's middle half=72.4%within the sector's middle half▲ 8.4pp68.2%within the sector's middle half▼ 4.2pp
Current ratio2.78within the sector's middle half-2.76within the sector's middle half▼ 0.023.64within the sector's middle half▲ 0.882.75within the sector's middle half▼ 0.89
Return on assets (ROA)63.5%above the sector's middle half-29.8%above the sector's middle half▼ 33.7pp28.7%above the sector's middle half▼ 1.0pp25.0%within the sector's middle half▼ 3.7pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 16% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€135,788 ▲ 11×
Current assets
€881,471 ▼ 6.8%
Equity and liabilities €1.0m
Equity
€693,951 =
Debt
€323,308 ▲ 22.4%
Debt's share of the balance-sheet total rises from 27.6% to 31.8%. Debt is higher.
Key figures and ratios
EBITDA
€332,221▼
2024 · €391,087
Cash flow
€259,184▼
2024 · €278,046
Debt to equity
0.47▲
2024 · 0.38
ROE
36.7%▼
2024 · 39.7%
Interest coverage
43.16▼
2024 · over 100
Debt ≤ 1 year
€320,383▲
2024 · €260,001
Income taxes
€78,870▼
2024 · €125,095
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,530 | €8,451 | €5,952 | €127,927 |
| Depreciation and write-downs of the year | €340 | €762 | €2,604 | €4,367 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €340 | €762 | €2,604 | €4,367 | ▲ 67.7% |
| Other operating charges640/8 | €348 | €864 | €1,201 | €1,112 | ▼ 7.4% |
| Gross operating margin9900 | €321,179 | €281,447 | €392,289 | €333,333 | ▼ 15.0% |
| Operating profit (loss)9901 | €320,492 | €279,822 | €388,483 | €327,854 | ▼ 15.6% |
| Financial income75/76B | €1 | €2,475 | €14,907 | €13,530 | ▼ 9.2% |
| Recurring financial income75 | €1 | €2,475 | €14,907 | €13,530 | ▼ 9.2% |
| Financial charges65/66B | €470 | €1,360 | €2,853 | €7,697 | ▲ 170% |
| Recurring financial charges65 | €470 | €1,360 | €2,853 | €7,697 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €320,022 | €280,937 | €400,537 | €333,687 | ▼ 16.7% |
| Income taxes67/77 | €98,156 | €86,293 | €125,095 | €78,870 | ▼ 37.0% |
| Profit (loss) for the period9904 | €221,866 | €194,643 | €275,442 | €254,817 | ▼ 7.5% |
| Profit (loss) for the period to be appropriated9905 | €221,866 | €194,643 | €275,442 | €254,817 | ▼ 7.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.3m | €0.7m | €1.0m | €1.0m | ▲ 6.2% |
| Fixed assets21/28 | €0.001m | €0.009m | €0.01m | €0.1m | ▲ 11× |
| Tangible fixed assets22/27 | €0.001m | €0.009m | €0.01m | €0.1m | ▲ 11× |
| Land and buildings22 | - | €0.002m | €0.002m | €0.1m | ▲ 73× |
| Furniture and vehicles24 | €0.001m | €0.007m | €0.01m | €0.008m | ▼ 27.6% |
| Current assets29/58 | €0.3m | €0.6m | €0.9m | €0.9m | ▼ 6.8% |
| Amounts receivable within one year40/41 | - | €0.04m | €0.1m | €0.04m | ▼ 59.4% |
| Trade receivables40 | - | €0.04m | €0.1m | €0.04m | ▼ 59.3% |
| Other amounts receivable41 | - | - | €0.001m | €216 | ▼ 71.8% |
| Current investments50/53 | €0.06m | €0.5m | €0.5m | €0.8m | ▲ 65.7% |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.4m | €0.08m | ▼ 79.5% |
| Deferred charges and accrued income490/1 | - | €0.001m | €0.002m | €0.003m | ▲ 62.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.3m | €0.7m | €1.0m | €1.0m | ▲ 6.2% |
| Equity10/15 | €0.2m | €0.4m | €0.7m | €0.7m | = |
| Contributions10/11 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves13 | €0.2m | €0.4m | €0.7m | €0.7m | = |
| Distributable reserves133 | €0.2m | €0.4m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 22.4% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 23.2% |
| Financial debts43 | - | €0.002m | €0.002m | €0.002m | ▼ 9.0% |
| Credit institutions430/8 | - | €0.002m | €0.002m | €0.002m | ▼ 9.0% |
| Trade debts44 | €0.005m | €126 | €0.001m | €0.003m | ▲ 243% |
| Suppliers440/4 | €0.005m | €126 | €0.001m | €0.003m | ▲ 243% |
| Taxes, remuneration and social security45 | €0.1m | €0.2m | €0.2m | €0.02m | ▼ 93.1% |
| Taxes450/3 | €0.1m | €0.2m | €0.2m | €0.02m | ▼ 93.1% |
| Other amounts payable47/48 | €0.01m | €0.03m | €0.04m | €0.3m | ▲ 711% |
| Accrued charges and deferred income492/3 | €291 | €0.002m | €0.004m | €0.003m | ▼ 30.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €221,866 | €194,643 | €275,442 | €254,817 | ▼ 7.5% |
| + Depreciation and write-downs630 | €340 | €762 | €2,604 | €4,367 | ▲ 67.7% |
| Operating cash flow (approximation) | €222,206 | €195,405 | €278,046 | €259,184 | ▼ 6.8% |
| Investment in fixed assets (approximation) | - | -€8,451 | -€5,952 | -€127,927 | ▼ 2,049% |
| Change in cash | - | -€147,521 | €233,642 | -€300,407 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as Value Coaching has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
97.2%
was still going
1.9%
stopped otherwise
0.8%
went bankrupt
That fits the bankruptcy probability of Value Coaching itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,127 companies, not a prediction for Value Coaching. 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.