VALUE CONSULT
ActiveSummary
VALUE CONSULT has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €278,184 and a net result of €40,757. Equity is growing by about 8.2% per year across the filed financial years. Its solvency ranks better than 74% of 8,556 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €278,184
- Profit
- €40,757
Why 96lowers riskLiquidity: current ratio 3.49, cash €247,500Equity €278,184 (77.1% of total assets)Size: total assets €360,982Founded in 2011Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro): better than 87% on solvency, 85% on liquidity, 58% on profitability and 37% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 10% below 2024 and is the lowest 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 73, Advertising, market research and public relations activities: 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).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,418 | €769 | €403 | €1,334 | €1,214 | €1,882 | €14,260 | €18,714 | ▲ 31.2% |
| Other operating charges640/8 | - | - | - | €1,838 | €2,039 | €1,964 | €1,564 | €695 | ▼ 55.6% |
| Gross operating margin9900 | €52,794 | €54,618 | €79,007 | €60,487 | €66,070 | €67,804 | €78,650 | €75,905 | ▼ 3.5% |
| Operating profit (loss)9901 | €49,799 | €51,105 | €71,696 | €57,315 | €62,816 | €63,958 | €62,826 | €56,496 | ▼ 10.1% |
| Financial income75/76B | - | - | - | €0 | - | €1 | €823 | €1,616 | ▲ 96.5% |
| Recurring financial income75 | €2 | €0 | - | €0 | - | €1 | €823 | €1,616 | ▲ 96.5% |
| Financial charges65/66B | - | - | - | €120 | €120 | €45,317 | €104 | €139 | ▲ 33.6% |
| Recurring financial charges65 | €859 | €589 | €183 | €120 | €120 | €108 | €104 | €139 | ▲ 33.6% |
| Non-recurring financial charges66B | - | - | - | - | - | €45,209 | - | - | - |
| Profit (loss) for the period before taxes9903 | €48,942 | €50,516 | €71,514 | €57,195 | €62,696 | €18,642 | €63,544 | €57,973 | ▼ 8.8% |
| Income taxes67/77 | €14,980 | €15,442 | €22,341 | €17,504 | €19,793 | €7,765 | €18,560 | €17,216 | ▼ 7.2% |
| Profit (loss) for the period9904 | €33,962 | €35,074 | €49,173 | €39,692 | €42,903 | €10,877 | €44,984 | €40,757 | ▼ 9.4% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €33,962 | €35,074 | €49,173 | €39,692 | €42,903 | €10,877 | €44,984 | €40,757 | ▼ 9.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €175,075 | €213,939 | €250,752 | €301,294 | €320,790 | €320,872 | €314,847 | €360,982 | ▲ 14.7% |
| Fixed assets21/28 | €1,601 | €831 | €2,179 | €1,886 | €2,614 | €59,095 | €68,836 | €71,621 | ▲ 4.0% |
| Tangible fixed assets22/27 | €1,576 | €806 | €2,154 | €1,861 | €2,589 | €59,070 | €68,811 | €71,596 | ▲ 4.0% |
| Furniture and vehicles24 | - | - | - | €1,861 | €2,589 | €56,178 | €44,437 | €37,956 | ▼ 14.6% |
| Other tangible fixed assets26 | - | - | - | - | - | €2,892 | €24,374 | €33,640 | ▲ 38.0% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €173,474 | €213,108 | €248,573 | €299,408 | €318,177 | €261,776 | €246,011 | €289,361 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €64,443 | €38,565 | €8,973 | €37,168 | €48,382 | €54,061 | €36,514 | €38,300 | ▲ 4.9% |
| Trade receivables40 | - | - | - | €30,159 | €29,802 | €30,873 | €26,027 | €29,975 | ▲ 15.2% |
| Other amounts receivable41 | - | - | - | €7,009 | €18,579 | €23,187 | €10,487 | €8,325 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €108,349 | €174,163 | €236,796 | €259,894 | €267,156 | €201,908 | €208,601 | €247,500 | ▲ 18.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,345 | €2,639 | €5,808 | €896 | €3,561 | ▲ 297% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €175,075 | €213,939 | €250,752 | €301,294 | €320,790 | €320,872 | €314,847 | €360,982 | ▲ 14.7% |
| Equity10/15 | €146,075 | €181,149 | €230,322 | €270,014 | €300,516 | €311,393 | €287,427 | €278,184 | ▼ 3.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | - | - | - | - | - |
| Capital10 | - | - | - | €12,400 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - | - |
| Uncalled capital101 | - | - | - | €6,200 | - | - | - | - | - |
| Reserves13 | €35,810 | €70,810 | €120,810 | €160,310 | €203,110 | €213,910 | €189,460 | €179,960 | ▼ 5.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €158,450 | €203,110 | €213,910 | €189,460 | €179,960 | ▼ 5.0% |
| Profit (loss) carried forward14 | €97,865 | €97,939 | €97,112 | €97,304 | €97,406 | €97,483 | €97,967 | €98,224 | ▲ 0.3% |
| Amounts payable17/49 | €29,000 | €32,790 | €20,430 | €31,280 | €20,274 | €9,479 | €27,419 | €82,798 | ▲ 202% |
| Amounts payable within one year42/48 | €29,000 | €32,790 | €20,430 | €31,280 | €20,274 | €9,479 | €27,419 | €82,798 | ▲ 202% |
| Trade debts44 | €24,070 | €20,498 | €16,477 | €22,729 | €10,810 | €3,481 | €16,380 | €23,823 | ▲ 45.4% |
| Suppliers440/4 | - | - | - | €22,729 | €10,810 | €3,481 | €16,380 | €23,823 | ▲ 45.4% |
| Taxes, remuneration and social security45 | - | - | - | €8,551 | €9,464 | €5,998 | €9,378 | €8,975 | ▼ 4.3% |
| Taxes450/3 | - | - | - | €8,522 | €6,964 | €3,498 | €9,378 | €6,475 | ▼ 31.0% |
| Remuneration and social security454/9 | - | - | - | €28 | €2,500 | €2,500 | - | €2,500 | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €1,662 | €50,000 | ▲ 30× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,962 | €35,074 | €49,173 | €39,692 | €42,903 | €10,877 | €44,984 | €40,757 | ▼ 9.4% |
| + Depreciation and write-downs630 | €1,418 | €769 | €403 | €1,334 | €1,214 | €1,882 | €14,260 | €18,714 | ▲ 31.2% |
| Operating cash flow (approximation) | €35,380 | €35,843 | €49,576 | €41,026 | €44,117 | €12,759 | €59,244 | €59,471 | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,750 | -€1,041 | -€1,942 | -€58,364 | -€24,000 | -€21,499 | ▲ 10.4% |
| Change in cash | - | €65,814 | €62,633 | €23,098 | €7,262 | -€65,248 | €6,693 | €38,899 | ▲ 481% |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00348093 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00336293 |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00328794 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00315998 |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20145494 |
| 31-12-2020 | micro format | 11-08-2021 | 2021-48200402 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48600053 |
| 31-12-2018 | micro format | 29-09-2019 | 2019-67000317 |
| 31-12-2017 | micro format | 13-08-2018 | 2018-46200011 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-54300574 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FINCHELSTEIN Stéphane Jonathan |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
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
13-05
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 08-04-2024
- Registered-office move, 1180 Uccle, Drève de Carloo 4 A
21-10
Gazette deed
Resignation: FINCHELSTEIN Stéphane Jonathan (manager)Appointment: FINCHELSTEIN Stéphane Jonathan (director) · Permanent representative: FINCHELSTEIN Stéphane Jonathan · Amendment of the articles15 facts ▸
- General meeting, “assemblée générale extraordinaire des actionnaires, extraordinaire” (deed in French)
- Amendment of the articles (2 times)
- Legal form clause, 1, “conserver la forme légale de société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “absence d'augmentation de capital article 537 CIR 1992, toute distribution ultérieure est réputée s'opérer en premier lieu en déduction de l'apport en capital r…” (deed in French)
- Other provision, “suppression du compte de capitaux propres statutairement indisponible, supprimer” (deed in French)
- Other provision, “information sur procédure de distribution à double test, conseillé de faire appel à un professionnel du chiffre pour réaliser ce double test” (deed in French)
- Other provision, “condition de remboursement de fonds propres, 5 ans avant la date de remboursement” (deed in French)
- Capital (2 times)
- Director resignation, FINCHELSTEIN Stéphane Jonathan (manager)
- Director appointment, FINCHELSTEIN Stéphane Jonathan (director)
- Director discharge, FINCHELSTEIN Stéphane Jonathan
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21614H0005/00T027 | Brussels | 181 m² | 1 · 181 m² | 8.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La consultance et/ou la prestation de services dans les domaines de la gestion, de l'administration, de la restructuration, du…” (deed in French)
20 activities (deed in French)
- La consultance et/ou la prestation de services dans les domaines de la gestion, de l'administration, de la restructuration, du développement, de la reconversion et du management d'entreprises, dans le cadre d'une activité de développement et de commercialisation de logiciels de tous types et/ou de tous concepts de gestion et de management d'entreprises en général;
- La consultance, la prestation de services, la formation, et l'expertise dans les domaines de la conception et la mise au point de modèles numériques, algorithmes et logiciels de tous types;
- D'effectuer des études, de programmer et de mettre en route des systèmes d'organisation, de vente, de publicité, de marketing, de mettre en application des systèmes pour traiter des données et toutes techniques en rapport avec la gestion technique, administrative, économique et générale d'entreprises:
- De concevoir, d'étudier, de promouvoir et de réaliser tous projets informatiques, bureautiques et tout ce qui s'y rapporte;
- Tous travaux de secrétariat en général;
- Tous travaux d'encodage et de traitement de l'information et/ou de données informatiques;
- La réalisation d'études, sur base des domaines précités, et en particulier, la réalisation de simulations et analyses numériques ainsi que l'étude de l'optimisation de procédés et/ou procédures;
- De dispenser des avis financiers, techniques, commerciaux ou administratifs dans le sens le plus large du terme; à l'exception des conseils de placement d'argent et autres, fournir son assistance et exécuter des services directement ou indirectement sur le plan de l'administration et des finances, de la vente, de la production et de la gestion en général; fournir toutes prestations de service et exécuter tous mandats sous forme d'études d'organisations, d'expertises, d'actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet social;
- La recherche, la conception, le développement, l'engineering, la production, le commerce, la diffusion, le marketing, l'amélioration et la réalisation de tous matériels et concepts dans les domaines de la modélisation, de l'informatique et de la programmation, la création de sites Internet et l'optimisation du contenu de sites internet, pour tout particulier, toute industrie ou administration publique ou privée;
- L'acceptation et l'exercice de mandats relatifs à l'administration, à la gestion, à la direction, au contrôle et à la liquidation de toutes sociétés, entreprises ou associations.
- Le commerce de matériel informatique et électronique de toute nature en ce compris toutes les activités annexes telles que la conception, la réalisation et la commercialisation de logiciels et programmes, la production, l'entretien et la maintenance de matériel électronique, le commerce électronique dans le sens le plus large, cette énumération étant exemplative et non limitative.
- L'achat, la vente, l'import et l'export de tous produits, marchandises sans aucune restrictions.
- L'achat, l'échange, la vente, la prise en location et en sous-location, ainsi que la cession en location et en sous-location, le tout avec ou sans option d'achat, l'exploitation et l'entretien de maisons, appartements, bureaux, magasins, fonds de commerce, terrains, terres et domaines, et de manière générale, de tous biens immobiliers, ainsi que toutes opérations de financement pour compte propre et pour compte de tiers.
- Ériger toutes constructions pour son compte ou pour compte de tiers, en tant que maître de l'ouvrage ou entrepreneur général, et effectuer, éventuellement aux biens immobiliers, des transformations et mises en valeur ainsi que l'étude et l'aménagement de lotissements y compris la construction de routes et égouts; souscrire des engagements en tant que conseiller en construction (étude de génie civil et des divers équipements techniques des immeubles); acheter tous matériaux, signer tous contrats d'entreprises qui seraient nécessaires; réaliser toutes opérations de change, commission et courtage, ainsi que la gérance d'immeubles.
- Acheter, exploiter et construire tant pour elle-même que pour des tiers, par location ou autrement, tous parkings, garages, station-service, car-wash et d'entretien.
- La conception, l'invention, la fabrication, la construction, l'importation, l'exportation, l'achat et la vente, la distribution, l'entretien, l'exploitation tant en nom propre qu'en qualité d'agent, de commissionnaire ou de courtier: a) de tout bien immobilier accessoire aux biens immobiliers visés au numéro un;
- B) de tous véhicules et machines à moteur, de tous accessoires de pièces de rechange, d'essence, d'huile, de pneumatiques et de tous articles généralement quelconques de garage.
- L'achat et la vente d'oeuvres d'arts et d'objets de collection.
- L'achat, la vente (en gros ou au détail), l'import et l'export de tous produits, marchandises sans aucune restrictions, dans les limites des dispositions légales en vigueurs et des bonnes moeurs.
- La prestation de tous services dans le cadre de son objet, y compris la gestion de patrimoine.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, 2” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales, actionnaires ou non” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Organe d'administration, écrit adressé par pli recommandé” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction désignés liquidateurs en vertu des statuts, si aucun autre liquidateur désigné” (deed in French)