VALUE FOR TECHNOLOGY
ActiveSummary
VALUE FOR TECHNOLOGY has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5k) and a net result of €17k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency16▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 0.58 in 2024; short-term debt: 108.2% and cash: 57.3% of total assets), and equity is negative.
Credit check for your own amount and term
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 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-9%
Return on assets
30.2%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
2 d early
2023
on the day
2022
2 d late
2021
5 d late
2020
2 d late
2019
20 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-5k▲ 77.0%
2024 · €-22k
2019: €-117k
2020: €-136k▼ -16.7% vs 2019
2021: €-139k▼ -2.4% vs 2020lowest in 7 years
2022: €-104k▲ +25.4% vs 2021
2023: €-69k▲ +33.8% vs 2022
2024: €-22k▲ +68.2% vs 2023
2025: €-5k▲ +77.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€56k▼ 20.7%
2024 · €70k
2019: €35k
2020: €23k▼ -35.2% vs 2019
2021: €16k▼ -29.9% vs 2020lowest in 7 years
2022: €18k▲ +14.1% vs 2021
2023: €51k▲ +179% vs 2022
2024: €70k▲ +39.0% vs 2023highest in 7 years
2025: €56k▼ -20.7% vs 2024
2019 → 2025
Net result
€17k▼ 64.1%
2024 · €47k
2019: €8k
2020: €-19k▼ -330% vs 2019lowest in 7 years
2021: €-3k▲ +83.1% vs 2020
2022: €35k▲ +1174% vs 2021
2023: €35k▼ -0.8% vs 2022
2024: €47k▲ +33.9% vs 2023highest in 7 years
2025: €17k▼ -64.1% vs 2024
2019 → 2025
Working capital
€-22k▲ 42.1%
2024 · €-39k
2019: €-117k
2020: €-141k▼ -20.6% vs 2019
2021: €-146k▼ -3.3% vs 2020lowest in 7 years
2022: €-106k▲ +27.5% vs 2021
2023: €-91k▲ +14.0% vs 2022
2024: €-39k▲ +57.5% vs 2023
2025: €-22k▲ +42.1% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-139k-€-104k▲ 25.4%€-69k▲ 33.8%€-22k▲ 68.2%€-5k▲ 77.0%
2021: €-139klowest in 5 years
2022: €-104k▲ +25.4% vs 2021
2023: €-69k▲ +33.8% vs 2022
2024: €-22k▲ +68.2% vs 2023
2025: €-5k▲ +77.0% vs 2024highest in 5 years
Operating result€-3k-€36k€35k▼ 0.9%€48k▲ 34.3%€20k▼ 58.6%
2021: €-3klowest in 5 years
2022: €36k▲ +1356% vs 2021
2023: €35k▼ -0.9% vs 2022
2024: €48k▲ +34.3% vs 2023highest in 5 years
2025: €20k▼ -58.6% vs 2024
Net result€-3k-€35k€35k▼ 0.8%€47k▲ 33.9%€17k▼ 64.1%
2021: €-3klowest in 5 years
2022: €35k▲ +1174% vs 2021
2023: €35k▼ -0.8% vs 2022
2024: €47k▲ +33.9% vs 2023highest in 5 years
2025: €17k▼ -64.1% vs 2024
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 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€18k ▲ 3.4%
Current assets
€38k ▼ 28.5%
Key figures and ratios
EBITDA
€25k▼
2024 · €53k
Cash flow
€23k▼
2024 · €52k
Solvency
-9.0%▲
2024 · -31.1%
Current ratio
0.63▲
2024 · 0.58
Debt to equity
-12.09▼
2024 · -4.22
ROA
30.2%▼
2024 · 66.8%
Interest coverage
42.00▼
2024 · 107.15
Debt
€61k▼
2024 · €92k
Debt ≤ 1 year
€60k▼
2024 · €92k
Income taxes
€2k▲
2024 · €142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€70k€56k▼
Fixed assets21/28€17k€18k▲
Tangible fixed assets22/27€17k€18k▲
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€16k€11k▼
Other tangible fixed assets26-€5k
Current assets29/58€53k€38k▼
Amounts receivable within one year40/41€17k€6k▼
Trade receivables40€16k€5k▼
Other amounts receivable41€1k€715▼
Cash at bank and in hand54/58€36k€32k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€70k€56k▼
Equity10/15€-22k€-5k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-30k€-13k▲
Amounts payable17/49€92k€61k▼
Amounts payable within one year42/48€92k€60k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€142€2k▲
Taxes450/3€142€2k▲
Other amounts payable47/48€87k€56k▼
Accrued charges and deferred income492/3€438€438=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k€0▲
Other operating charges640/8€9k€776▼
Gross operating margin9900€58k€26k▼
Operating profit (loss)9901€48k€20k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€493€606▲
Recurring financial charges65€493€606▲
Profit (loss) for the period before taxes9903€47k€19k▼
Income taxes67/77€142€2k▲
Profit (loss) for the period9904€47k€17k▼
Profit (loss) for the period to be appropriated9905€47k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-13k▲
Profit (loss) brought forward from the previous period14P€-77k€-30k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €378 | €5k | €5k | €6k | ▲ 10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-3k | €0 | ▲ 100% |
| Other operating charges640/8 | - | €742 | €884 | €9k | €776 | ▼ 90.9% |
| Non-recurring operating charges66A | - | €629 | - | - | - | - |
| Gross operating margin9900 | €7k | €38k | €41k | €58k | €26k | ▼ 55.1% |
| Operating profit (loss)9901 | €-3k | €36k | €35k | €48k | €20k | ▼ 58.6% |
| Financial income75/76B | - | €1 | €11 | €0 | - | - |
| Recurring financial income75 | €1 | €1 | €11 | €0 | - | - |
| Financial charges65/66B | - | €198 | €234 | €493 | €606 | ▲ 22.9% |
| Recurring financial charges65 | €214 | €198 | €234 | €493 | €606 | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €-3k | €36k | €35k | €47k | €19k | ▼ 59.4% |
| Income taxes67/77 | €232 | €203 | €135 | €142 | €2k | ▲ 1,494% |
| Profit (loss) for the period9904 | €-3k | €35k | €35k | €47k | €17k | ▼ 64.1% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €35k | €35k | €47k | €17k | ▼ 64.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16k | €18k | €51k | €70k | €56k | ▼ 20.7% |
| Fixed assets21/28 | €7k | €2k | €22k | €17k | €18k | ▲ 3.4% |
| Tangible fixed assets22/27 | €7k | €2k | €22k | €17k | €18k | ▲ 3.4% |
| Plant, machinery and equipment23 | - | €2k | €2k | €2k | €2k | ▲ 37.1% |
| Furniture and vehicles24 | - | - | €21k | €16k | €11k | ▼ 32.0% |
| Other tangible fixed assets26 | - | - | - | - | €5k | - |
| Current assets29/58 | €9k | €16k | €28k | €53k | €38k | ▼ 28.5% |
| Amounts receivable within one year40/41 | €3k | €9k | €13k | €17k | €6k | ▼ 65.0% |
| Trade receivables40 | - | €9k | €12k | €16k | €5k | ▼ 66.4% |
| Other amounts receivable41 | - | €310 | €609 | €1k | €715 | ▼ 49.9% |
| Cash at bank and in hand54/58 | €6k | €7k | €15k | €36k | €32k | ▼ 11.0% |
| Deferred charges and accrued income490/1 | - | €75 | €75 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16k | €18k | €51k | €70k | €56k | ▼ 20.7% |
| Equity10/15 | €-139k | €-104k | €-69k | €-22k | €-5k | ▲ 77.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-147k | €-112k | €-77k | €-30k | €-13k | ▲ 56.3% |
| Amounts payable17/49 | €155k | €122k | €119k | €92k | €61k | ▼ 34.1% |
| Amounts payable within one year42/48 | €155k | €122k | €119k | €92k | €60k | ▼ 34.2% |
| Trade debts44 | €2k | €2k | €550 | €5k | €2k | ▼ 61.0% |
| Suppliers440/4 | - | €2k | €550 | €5k | €2k | ▼ 61.0% |
| Taxes, remuneration and social security45 | - | €203 | €135 | €142 | €2k | ▲ 1,594% |
| Taxes450/3 | - | €203 | €135 | €142 | €2k | ▲ 1,594% |
| Other amounts payable47/48 | - | €119k | €118k | €87k | €56k | ▼ 35.4% |
| Accrued charges and deferred income492/3 | - | €438 | €438 | €438 | €438 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €35k | €35k | €47k | €17k | ▼ 64.1% |
| + Depreciation and write-downs630 | €5k | €378 | €5k | €5k | €6k | ▲ 10.0% |
| Operating cash flow (approximation) | €2k | €36k | €40k | €52k | €23k | ▼ 56.7% |
| Investment in fixed assets (approximation) | - | €4k | €-25k | €0 | €-6k | - |
| Change in cash | - | €797 | €9k | €21k | €-4k | ▼ 119% |
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
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €47k ▲33.9%
Operating result €48k, net result €47k, both a record.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
31-03
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Kortenberg · 1 establishment unit since 2003
Ground area
1,565 m²
Building footprint
206 m²
Volume, LiDAR
1,128 m³
Parcel 24025E0159/00A000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VALUE FOR TECHNOLOGY
since 20032.127.173.673
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24025E0159/00A000 | Flanders | 1,565 m² | 1 · 206 m² | 7.8 m · 2 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.
Similar companies · same sector and region
Accendo
BE 0736.483.089
Kortenberg
Amaranth
BE 1030.661.127
Kortenberg
AroundSales
BE 0713.541.304
Kortenberg
Bizsense
BE 0790.384.506
Kortenberg
BPStratynn
BE 1038.583.948
Kortenberg
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-04-2003
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.