Value Development
ActiveSummary
Value Development has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,811 and a net result of €2,949. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability74▲+37
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 5.24 against 5.34 in 2023; short-term debt: 16.5% and cash: 1% of total assets), and 16.5% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2023
4 d early
2022
32 d early
2021
on the day
2020
on the day
2019
43 d early
2018
31 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 16 days before the deadline; the sector median for financial year 2023 is 7 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 27 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,949
2023 · -€2,793
Working capital
€52,708▼ 8.4%
2023 · €57,569
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232025
Operating result€14,454▼ 4.8%€27,126▲ 87.7%€3,903▼ 85.6%-€206€9,234-
Net result€8,162within the sector's middle half▼ 38.7%€19,713within the sector's middle half▲ 142%€986below the sector's middle half▼ 95.0%-€2,793below the sector's middle half€2,949within the sector's middle half-
Equity€46,408below the sector's middle half▲ 21.3%€66,121below the sector's middle half▲ 42.5%€67,107below the sector's middle half▲ 1.5%€64,314within the sector's middle half▼ 4.2%€62,811within the sector's middle half-
Total assets€66,994below the sector's middle half▲ 11.3%€90,856below the sector's middle half▲ 35.6%€82,714below the sector's middle half▼ 9.0%€77,589below the sector's middle half▼ 6.2%€75,242below the sector's middle half-
Debt€20,586▼ 6.3%€24,735▲ 20.2%€15,607▼ 36.9%€13,275▼ 14.9%€12,431-
Working capital€38,368within the sector's middle half▲ 12.9%€57,628within the sector's middle half▲ 50.2%€56,257within the sector's middle half▼ 2.4%€57,569within the sector's middle half▲ 2.3%€52,708within the sector's middle half-
Solvency69.3%within the sector's middle half▲ 5.7pp72.8%within the sector's middle half▲ 3.5pp81.1%above the sector's middle half▲ 8.4pp82.9%above the sector's middle half▲ 1.8pp83.5%above the sector's middle half-
Current ratio3.18above the sector's middle half▲ 0.203.50above the sector's middle half▲ 0.324.60above the sector's middle half▲ 1.115.34above the sector's middle half▲ 0.735.24above the sector's middle half-
Return on assets (ROA)12.2%above the sector's middle half▼ 9.9pp21.7%above the sector's middle half▲ 9.5pp1.2%within the sector's middle half▼ 20.5pp-3.6%below the sector's middle half▼ 4.8pp3.9%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €9,234 in 2025, compared with -€206 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €75,242
Fixed assets
€10,104 ▲ 49.8%
Current assets
€65,139 ▼ 8.1%
Equity and liabilities €75,242
Equity
€62,811 ▼ 2.3%
Debt
€12,431 ▼ 6.4%
Debt's share of the balance-sheet total falls from 17.1% to 16.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13,516▲
2023 · €3,899
Cash flow
€7,231▲
2023 · €1,312
Debt to equity
0.20▼
2023 · 0.21
ROE
4.7%▲
2023 · -4.3%
Interest coverage
15.16▲
2023 · 2.68
Debt ≤ 1 year
€12,431▼
2023 · €13,275
Income taxes
€5,393▲
2023 · €1,133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
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 0.2% 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 10,905 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 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,915 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,691 | €2,933 | €4,105 | €4,105 | €4,281 | - |
| Other operating charges640/8 | - | - | €1,056 | €1,301 | €1,884 | - |
| Non-recurring operating charges66A | - | - | - | - | €4,373 | - |
| Gross operating margin9900 | €18,562 | €31,196 | €9,063 | €5,199 | €19,773 | - |
| Operating profit (loss)9901 | €14,454 | €27,126 | €3,903 | -€206 | €9,234 | - |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €655 | €1,454 | €892 | - |
| Recurring financial charges65 | €2,658 | €865 | €655 | €1,454 | €892 | - |
| Profit (loss) for the period before taxes9903 | €11,796 | €26,262 | €3,248 | -€1,660 | €8,342 | - |
| Income taxes67/77 | €3,634 | €6,548 | €2,262 | €1,133 | €5,393 | - |
| Profit (loss) for the period9904 | €8,162 | €19,713 | €986 | -€2,793 | €2,949 | - |
| Profit (loss) for the period to be appropriated9905 | €8,162 | €19,713 | €986 | -€2,793 | €2,949 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66,994 | €90,856 | €82,714 | €77,589 | €75,242 | - |
| Fixed assets21/28 | €11,040 | €10,169 | €10,850 | €6,745 | €10,104 | - |
| Tangible fixed assets22/27 | €11,040 | €10,169 | €10,850 | €6,745 | €10,104 | - |
| Furniture and vehicles24 | - | - | €7,730 | €4,145 | €8,544 | - |
| Other tangible fixed assets26 | - | - | €3,120 | €2,600 | €1,560 | - |
| Current assets29/58 | €55,954 | €80,687 | €71,864 | €70,844 | €65,139 | - |
| Amounts receivable within one year40/41 | €55,954 | €75,558 | €64,548 | €62,170 | €64,397 | - |
| Other amounts receivable41 | - | - | €64,548 | €62,170 | €64,397 | - |
| Cash at bank and in hand54/58 | - | €5,129 | €7,316 | €8,674 | €742 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66,994 | €90,856 | €82,714 | €77,589 | €75,242 | - |
| Equity10/15 | €46,408 | €66,121 | €67,107 | €64,314 | €62,811 | - |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | - |
| Capital10 | - | - | €12,400 | €12,400 | €12,400 | - |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | - |
| Uncalled capital101 | - | - | €6,200 | €6,200 | €6,200 | - |
| Reserves13 | €11,560 | €11,560 | €11,560 | €11,560 | €31,560 | - |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | - |
| Tax-exempt reserves132 | - | - | €9,700 | €9,700 | €9,700 | - |
| Distributable reserves133 | - | - | - | - | €20,000 | - |
| Profit (loss) carried forward14 | €22,448 | €42,161 | €43,147 | €40,354 | €18,851 | - |
| Amounts payable17/49 | €20,586 | €24,735 | €15,607 | €13,275 | €12,431 | - |
| Amounts payable within one year42/48 | €17,586 | €23,060 | €15,607 | €13,275 | €12,431 | - |
| Trade debts44 | €4,039 | €3,149 | €4,953 | €4,133 | €1,449 | - |
| Suppliers440/4 | - | - | €4,953 | €4,133 | €1,449 | - |
| Taxes, remuneration and social security45 | - | - | €10,654 | €9,142 | €10,983 | - |
| Taxes450/3 | - | - | €10,654 | €9,142 | €10,983 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,162 | €19,713 | €986 | -€2,793 | €2,949 | - |
| + Depreciation and write-downs630 | €2,691 | €2,933 | €4,105 | €4,105 | €4,281 | - |
| Operating cash flow (approximation) | €10,854 | €22,646 | €5,091 | €1,312 | €7,231 | - |
| Investment in fixed assets (approximation) | - | -€2,061 | -€4,787 | €0 | - | - |
| Change in cash | - | - | €2,187 | €1,358 | - | - |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €2,949
Net result €2,949 after one loss-making year.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€2,793
Net result drops to -€2,793, the lowest in the series; recovery starts the following year.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Highest result since 2019net €19,713 ▲142%
Operating result €27,126, net result €19,713, both a record.
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2016
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2015
10-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneNBB 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, Lincent · 1 establishment unit since 2010
Ground area
401 m²
Building footprint
54 m²
Volume, LiDAR
476 m³
Parcel 64047B0086/00F004, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Warichet 26, 4287 Lincent
since 20102.186.569.941
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64047B0086/00F004 | Wallonia | 401 m² | 1 · 54 m² | 10.3 m · 3 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 82,642 companies in sector 70200 we hold annual accounts for 52,629. 39,223 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)
Founded22-03-2010
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
0477/27.04.34Lincent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824474957
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.