VALUE DRIVERS
ActiveSummary
VALUE DRIVERS has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €190,125 and a net result of -€48,810. Equity has been stable since 2019 (±2.1% per year). Its solvency ranks better than 71% of 571 sector peers (NACE 62, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-12-2002 Normal situation
- Registered office
- 14 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Computer consultancy and computer facilities management NACE 62200and 4 others
- Establishment unit
- 2.133.828.962 2440 Geel, since 04-11-2003
- Financial year end
- 31 March
- Peppol
- Reachable since 23-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €86,429
- ▲ 160%
- Turnover
- ≈ €160,000
- estimated
- Loss
- €48,810
- Equity
- €190,125
- ▼ 20.4%
- Total assets
- €236,039
- ▼ 36.0%
Score breakdownraises riskLoss of €48,810 (financial year 2026)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €236,039Equity €190,125 (80.5% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 85% of them on solvency, 49% on liquidity, 5% on profitability and 25% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 22 filings
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is a loss of €51,338, after a profit of €32,379 in 2025. It is the lowest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,428 | - | - |
| Financial fixed assets | - | - | €592 | - | €0 |
| Depreciation and write-downs of the year | €1,906 | €1,906 | €1,756 | €286 | €286 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,410 | €16,191 | €318 | €1,906 | €1,906 | €1,756 | €286 | €286 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €136,962 | - |
| Other operating charges640/8 | - | - | - | €449 | €450 | €840 | €514 | €520 | ▲ 1.1% |
| Gross operating margin9900 | €78,104 | €47,179 | €8,417 | €25,992 | €21,134 | €43,697 | €33,178 | €86,429 | ▲ 160% |
| Operating profit (loss)9901 | €60,250 | €30,543 | €7,652 | €23,637 | €18,778 | €41,101 | €32,379 | -€51,338 | - |
| Financial income75/76B | - | - | - | - | - | €84 | €4,901 | €10,834 | ▲ 121% |
| Recurring financial income75 | €3,902 | €7,198 | €18,555 | - | - | €84 | €4,901 | €10,834 | ▲ 121% |
| Financial charges65/66B | - | - | - | €6,282 | €6,374 | €6,460 | €7,116 | €8,306 | ▲ 16.7% |
| Recurring financial charges65 | €8,387 | €6,556 | €6,435 | €6,282 | €6,374 | €6,460 | €7,116 | €8,306 | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | €55,766 | €31,184 | -€92,236 | €17,354 | €12,403 | €34,725 | €30,165 | -€48,810 | - |
| Income taxes67/77 | €21,781 | €10,660 | - | -€130 | - | - | €1,547 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €33,985 | €20,524 | -€92,236 | €17,485 | €12,403 | €34,725 | €28,617 | -€48,810 | - |
| Profit (loss) for the period to be appropriated9905 | €33,985 | €20,524 | -€92,236 | €17,485 | €12,403 | €34,725 | €28,617 | -€48,810 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €404,736 | €373,095 | €278,100 | €319,965 | €310,585 | €356,178 | €368,585 | €236,039 | ▼ 36.0% |
| Fixed assets21/28 | €136,503 | €120,312 | €5,402 | €3,496 | €1,589 | €1,853 | €1,568 | €1,282 | ▼ 18.2% |
| Tangible fixed assets22/27 | €136,503 | €120,312 | €5,402 | €3,496 | €1,589 | €1,261 | €976 | €690 | ▼ 29.3% |
| Furniture and vehicles24 | - | - | - | €3,496 | €1,589 | €1,261 | €976 | €690 | ▼ 29.3% |
| Financial fixed assets28 | - | - | - | - | - | €592 | €592 | €592 | = |
| Current assets29/58 | €268,233 | €252,783 | €272,698 | €316,470 | €308,996 | €354,325 | €367,017 | €234,757 | ▼ 36.0% |
| Amounts receivable within one year40/41 | €69,929 | €30,023 | €10,137 | €3,387 | €63,670 | €11,624 | €107,267 | €28,762 | ▼ 73.2% |
| Trade receivables40 | - | - | - | €3,303 | €56,806 | €11,600 | €97,351 | €28,762 | ▼ 70.5% |
| Other amounts receivable41 | - | - | - | €84 | €6,865 | €24 | €9,916 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | €118,500 | €118,500 | €218,500 | €218,500 | €175,359 | ▼ 19.7% |
| Cash at bank and in hand54/58 | €198,304 | €222,761 | €262,561 | €194,583 | €126,826 | €124,103 | €41,149 | €30,636 | ▼ 25.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €99 | €102 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €404,736 | €373,095 | €278,100 | €319,965 | €310,585 | €356,178 | €368,585 | €236,039 | ▼ 36.0% |
| Equity10/15 | €217,417 | €237,941 | €145,705 | €163,190 | €175,593 | €210,317 | €238,935 | €190,125 | ▼ 20.4% |
| Contributions10/11 | €170,000 | €170,000 | €170,000 | €170,000 | €170,000 | €170,001 | €170,001 | €170,001 | = |
| Capital10 | - | - | - | €170,000 | €170,000 | - | - | - | - |
| Issued capital100 | - | - | - | €170,000 | €170,000 | - | - | - | - |
| Reserves13 | €47,371 | €67,891 | €67,891 | €67,891 | €67,891 | €67,890 | €68,934 | €68,934 | = |
| Non-distributable reserves130/1 | - | - | - | €1 | €1 | €0 | - | - | - |
| Legal reserve130 | - | - | - | €1 | €1 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €67,890 | €67,890 | €67,890 | €68,934 | €68,934 | = |
| Profit (loss) carried forward14 | €46 | €50 | -€92,186 | -€74,701 | -€62,298 | -€27,573 | €0 | -€48,810 | - |
| Amounts payable17/49 | €187,319 | €135,155 | €132,395 | €156,776 | €134,992 | €145,861 | €129,650 | €45,915 | ▼ 64.6% |
| Amounts payable after more than one year17 | €125,500 | €125,500 | €125,500 | €125,500 | €125,500 | €125,500 | €60,000 | €17,500 | ▼ 70.8% |
| Financial debts170/4 | - | - | - | €125,500 | €125,500 | €125,500 | €60,000 | €17,500 | ▼ 70.8% |
| Amounts payable within one year42/48 | €56,314 | €5,250 | €2,502 | €26,883 | €5,100 | €14,086 | €63,152 | €26,681 | ▼ 57.8% |
| Trade debts44 | €18,821 | €3,330 | €234 | €46 | - | €11,579 | €45,160 | €6,471 | ▼ 85.7% |
| Suppliers440/4 | - | - | - | €46 | - | €11,579 | €45,160 | €6,471 | ▼ 85.7% |
| Taxes, remuneration and social security45 | - | - | - | €1,883 | €1,883 | €2,217 | €16,992 | €14,362 | ▼ 15.5% |
| Taxes450/3 | - | - | - | €1,883 | €1,883 | €1,637 | €16,992 | €14,362 | ▼ 15.5% |
| Remuneration and social security454/9 | - | - | - | - | - | €580 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €24,955 | €3,217 | €290 | €1,000 | €5,849 | ▲ 485% |
| Accrued charges and deferred income492/3 | - | - | - | €4,393 | €4,393 | €6,275 | €6,498 | €1,733 | ▼ 73.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,985 | €20,524 | -€92,236 | €17,485 | €12,403 | €34,725 | €28,617 | -€48,810 | - |
| + Depreciation and write-downs630 | €17,410 | €16,191 | €318 | €1,906 | €1,906 | €1,756 | €286 | €286 | = |
| Operating cash flow (approximation) | €51,395 | €36,715 | -€91,919 | €19,391 | €14,310 | €36,480 | €28,903 | -€48,525 | - |
| Investment in fixed assets (approximation) | - | €0 | €114,593 | €0 | €0 | -€2,020 | €0 | €0 | ▼ 100% |
| Change in cash | - | €24,457 | €39,800 | -€67,978 | -€67,757 | -€2,723 | -€82,954 | -€10,512 | ▲ 87.3% |
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, 5,831 companies had the same profile as VALUE DRIVERS has now. Two years later, 1.7% had gone bankrupt and 84.6% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VALUE DRIVERS itself is lower: 0.1% within 12 months. It rests on far more data about VALUE DRIVERS than the profile alone.
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 5,831 companies, not a prediction for VALUE DRIVERS. 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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00595897 | |
| 31-03-2025 | micro format | 12-11-2025 | 2025-00565366 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00522271 | |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00496281 | |
| 31-03-2022 | micro format | 02-11-2022 | 2022-20481010 | |
| 31-03-2021 | micro format | 08-11-2021 | 2021-76800475 | |
| 31-03-2020 | micro format | 01-12-2020 | 2020-73900174 | |
| 31-03-2019 | micro format | 07-11-2019 | 2019-73400421 | |
| 31-03-2018 | micro format | 29-10-2018 | 2018-70900428 | |
| 31-03-2017 | micro format | 06-11-2017 | 2017-69200293 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 07-08-2023 Converted to available equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Adriaan BREBELS |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”
Articles of association, deed of 07-08-2023 (in Dutch)
Network & group
VALUE DRIVERS shares no director with another company.
Companies at the same address
13 other companies- CERcuits GP Registered office · since 2026 1035790744
- CERcuits RSJJ Registered office · since 2026 1035799751
- TENERGA ENERGY SERVICES Establishment · since 2025 0698885097
- No Lobster Registered office · since 2023 0803632429
- Digicount Advisory Registered office · since 2023 0802427154
- CERcuits Registered office · since 2021 0768521003
- Technologisch opleidings-en vormingscentrum Antwerpen Registered office · since 2020 0748789025
- Interkommunale Ontwikkelingsmaatschappij voor de Kempen Establishment · since 2019 0204212714
- Mitsanto Registered office · since 2017 0674708343
- Terra Energy Registered office · since 2009 0809575856
Connections & network
1 current directorThe network starts from the directors of VALUE DRIVERS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-08
Gazette deed
Change of role: Adriaan BREBELS, from manager to directorPermanent representative: Adriaan BREBELS · Amendment of the articles · Capital conversion11 points ▸
- General meeting, 28-07-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “van rechtswege omgezet, artikel 39 §2 tweede lid wet 23-03-2019” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “verslag bestuursorgaan uitbreiding voorwerp, voorzitter” (deed in Dutch)
- Purpose change
- Registered office clause, “Kleinhoefstraat 6 2440 Geel” (deed in Dutch)
- Director resignation, Adriaan BREBELS (manager)
- Board rule, 1
- Director appointment, Adriaan BREBELS (director)
- Permanent representative, Adriaan BREBELS
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
15 activities
- De handel in en de verkoop van energieproducten en de ontwikkeling van projecten die verband houden met energie zoals haalbaarheidsstudies van duurzame en energiebesparende projecten
- Adviesverlening en training met betrekking tot energieproducten en andere diensten betreffende energie
- Handel in het algemeen
- Ontwikkeling van projecten die betrekking hebben op energie, hierbij inbegrepen de opwekking ervan
- Deelnemingen in nieuwe en bestaande energieprojecten en investeringen; ontwikkeling van energieprojecten, hierbij inbegrepen de bouw, het onderhoud en de exploitatie van die projecten
- Ontwikkeling van een geïntegreerd informatie-, communicatie- en besturingsplatform in de energiesector en van de diensten voor haar exploitatie
- Productie van elektriciteit (met uitzonderding van inzameling van nucleair afval) (35.110)
- Transmissie van elektriciteit (35.120)
- Distributie van elektriciteit (35.130)
- Handel in elektriciteit (35.140)
- Consultancy in verband met energie
- Energieopwekking en intelligent energiegebruik
- Handel in hout
- Import en export van hout
- Maken, kopen en verkopen van houten meubelen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13376G0336/00Y000 | Flanders | 2.9 ha | 1 · 4,402 m² | - |