Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €60,334 falls due within a year.
Less equity than 92% of companies in head offices and management consultancy. Sector median €78,216 · 39,396 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 7% of them on solvency, 33% on liquidity, 84% on profitability and 86% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 3,794 companies had the same profile as VALUE FOR TECHNOLOGY has now. Each dot stands for 10 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VALUE FOR TECHNOLOGY itself is lower: 0.2% within 12 months. It rests on far more data about VALUE FOR TECHNOLOGY than the profile alone.
The method was tested on the 497,447 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 3,794 companies, not a prediction for VALUE FOR TECHNOLOGY. 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.
Liquidity is insufficient, with a current ratio of 0.63 (0.58 in 2024), below 1. Short-term debt is 108.2% and cash 57.3% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 6 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VALUE FOR TECHNOLOGY Kortenberg | €55,746 | €26,226 | -9.0% | - |
| M.B. - SERVICES Lennik | €54,053 | €23,261 | 78.2% | - |
| Bizz Compagnon Grimbergen | €65,899 | €30,629 | 80.7% | - |
| COMMUNICATE Hoeilaart | €66,049 | €31,407 | 85.8% | - |
| ZEUS Uccle | €52,499 | €24,649 | 74.1% | - |
| Jebola Westerlo | €52,221 | €27,200 | 64.5% | - |
| BAY6.BIZ Genk | €61,103 | €24,722 | 42.8% | - |
These companies have the same main activity as VALUE FOR TECHNOLOGY: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €52,200 and €66,000, founded between 2001 and 2004.
VALUE FOR TECHNOLOGY files the micro format. That format states no turnover. The gross margin rose from €10,151 in 2007 to €26,226 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €76,000. Estimated: probably between €46,000 and €100,000.
Higher than 8% of 39,364 companies in 2025.
Higher than 14% of 38,048 companies in 2025.
Higher than 71% of 38,520 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
55,746 | 70,310 | 50,595 | 18,123 | 15,878 | 22,646 | 34,943 | 41,188 | 4,396 | 31,907 | 22,278 | 79,329 | 85,855 | 25,991 | 31,566 | 52,735 | 105,004 | 67,175 | 64,174 | |
21/28 |
17,776 | 17,193 | 22,413 | 2,091 | 6,713 | 9,953 | 14,835 | 19,289 | 2,955 | 9,872 | 10,915 | 16,063 | 21,363 | 6,623 | 8,939 | 7,346 | 8,137 | 15,597 | 26,793 | |
21 |
- | - | - | - | - | - | - | - | 2,036 | 4,071 | 63 | 125 | 188 | 251 | - | - | - | - | - | |
22/27 |
17,776 | 17,193 | 22,413 | 2,091 | 6,713 | 9,953 | 14,835 | 19,289 | 919 | 5,801 | 10,776 | 15,861 | 21,099 | 6,296 | 8,863 | 7,270 | 8,061 | 15,521 | 26,717 | |
23 |
2,230 | 1,626 | 1,859 | 2,091 | - | - | - | - | - | - | - | 110 | 220 | 330 | 440 | 550 | 659 | 769 | 879 | |
24 |
10,578 | 15,566 | 20,554 | - | 6,713 | 9,953 | 14,773 | 19,165 | 596 | 5,279 | 10,054 | 14,830 | 19,759 | 3,396 | 4,404 | 1,871 | 1,164 | 8,253 | 18,040 | |
26 |
4,967 | - | - | - | - | - | 62 | 124 | 323 | 522 | 722 | 921 | 1,120 | 2,570 | 4,020 | 4,849 | 6,237 | 6,498 | 7,798 | |
28 |
- | - | - | - | - | - | - | - | - | - | 76 | 76 | 76 | 76 | 76 | 76 | 76 | 76 | 76 | |
29/58 |
37,970 | 53,118 | 28,182 | 16,032 | 9,166 | 12,693 | 20,107 | 21,899 | 1,441 | 22,035 | 11,363 | 63,266 | 64,492 | 19,368 | 22,627 | 45,389 | 96,867 | 51,578 | 37,381 | |
40/41 |
6,027 | 17,226 | 12,769 | 9,270 | 3,200 | 6,190 | 11,629 | 2,451 | 1,361 | 1,126 | 2,190 | 11,172 | 4,097 | 13,831 | 13,851 | 32,610 | 45,786 | 50,412 | 11,017 | |
40 |
5,313 | 15,800 | 12,160 | 8,960 | 3,200 | 6,181 | 11,629 | - | - | - | 1,100 | 8,360 | - | 13,831 | 11,693 | 30,787 | 29,707 | 50,412 | 9,212 | |
41 |
715 | 1,426 | 609 | 310 | - | 9 | - | 2,451 | 1,361 | 1,126 | 1,090 | 2,812 | 4,097 | - | 2,158 | 1,823 | 16,079 | - | 1,805 | |
54/58 |
31,943 | 35,892 | 15,338 | 6,687 | 5,891 | 6,328 | 8,203 | 19,072 | 80 | 20,909 | 9,173 | 43,755 | 59,781 | 4,574 | 7,796 | 11,847 | 50,200 | 145 | 25,326 | |
490/1 |
- | 0 | 75 | 75 | 75 | 175 | 275 | 375 | - | - | - | 8,340 | 614 | 963 | 980 | 932 | 880 | 1,021 | 1,038 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
55,746 | 70,310 | 50,595 | 18,123 | 15,878 | 22,646 | 34,943 | 41,188 | 4,396 | 31,907 | 22,278 | 79,329 | 85,855 | 25,991 | 31,566 | 52,735 | 105,004 | 67,175 | 64,174 | |
10/15 |
-5,025 | -21,863 | -68,825 | -103,909 | -139,290 | -135,996 | -116,511 | -124,994 | -108,912 | -40,127 | -37,185 | 12,714 | 14,407 | -20,800 | 1,816 | 17,876 | 36,904 | 13,161 | -4,052 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,535 | 1,535 | 1,535 | 1,535 | 348 | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,535 | 1,535 | 1,535 | 1,535 | 348 | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-13,085 | -29,923 | -76,885 | -111,969 | -147,350 | -144,056 | -124,571 | -133,054 | -116,972 | -48,187 | -45,245 | 4,654 | 6,347 | -28,536 | -5,919 | 10,141 | 29,168 | 6,613 | -10,252 | |
17/49 |
60,771 | 92,173 | 119,420 | 122,032 | 155,168 | 158,641 | 151,453 | 166,182 | 113,308 | 72,034 | 59,463 | 66,615 | 71,448 | 46,791 | 29,750 | 34,859 | 68,100 | 54,014 | 68,226 | |
17 |
- | - | - | - | - | 5,000 | 11,000 | 16,500 | - | - | - | - | - | - | - | - | - | 5,073 | 13,509 | |
170/4 |
- | - | - | - | - | 5,000 | 11,000 | 16,500 | - | - | - | - | - | - | - | - | - | 5,073 | 13,509 | |
42/48 |
60,334 | 91,736 | 118,983 | 121,594 | 154,731 | 153,641 | 136,953 | 146,619 | 111,121 | 71,159 | 59,463 | 66,615 | 71,448 | 45,591 | 28,770 | 33,759 | 48,550 | 48,091 | 53,682 | |
42 |
- | - | - | - | 4,500 | 6,500 | 6,000 | 7,500 | - | - | - | - | - | - | - | - | 21,791 | 8,435 | 8,117 | |
43 |
- | - | - | - | - | - | - | - | 2,283 | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 2,283 | - | - | - | - | - | - | - | - | - | - | |
44 |
1,924 | 4,928 | 550 | 1,932 | 1,507 | 1,273 | 4,633 | 10,138 | 3,792 | 1,413 | 785 | 8,122 | 788 | 3,860 | 2,826 | 15,395 | 10,621 | 4,155 | 601 | |
440/4 |
1,924 | 4,928 | 550 | 1,932 | 1,507 | 1,273 | 4,633 | 10,138 | 3,792 | 1,413 | 785 | 8,122 | 788 | 3,860 | 2,826 | 15,395 | 10,621 | 4,155 | 601 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,095 | - | - | - | - | 9,517 | |
45 |
2,405 | 142 | 135 | 203 | 1,094 | 3,009 | 27,695 | 18,052 | 8,985 | 4,032 | 3,457 | 2,654 | 3,246 | 7,946 | 4,973 | 3,138 | 2,975 | 10,462 | 305 | |
450/3 |
2,405 | 142 | 135 | 203 | 1,094 | 484 | 5,820 | 102 | 10 | 107 | 932 | 129 | 721 | 5,421 | 774 | 339 | 176 | 7,663 | 305 | |
454/9 |
- | - | - | - | - | 2,525 | 21,875 | 17,950 | 8,975 | 3,925 | 2,525 | 2,525 | 2,525 | 2,525 | 4,199 | 2,799 | 2,799 | 2,799 | - | |
47/48 |
56,005 | 86,666 | 118,297 | 119,460 | 147,630 | 142,859 | 98,625 | 110,929 | 96,061 | 65,715 | 55,220 | 55,838 | 67,413 | 31,691 | 20,971 | 15,227 | 13,162 | 25,039 | 35,142 | |
492/3 |
438 | 438 | 438 | 438 | 438 | - | 3,500 | 3,063 | 2,188 | 875 | - | - | - | 1,200 | 980 | 1,100 | 19,550 | 850 | 1,035 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,479 | - | - | - | - | - | |
9900 |
26,226 | 58,392 | 40,944 | 37,530 | 6,561 | -12,485 | 15,167 | -6,552 | -59,803 | 6,409 | -55,686 | -92,753 | -46,636 | -18,921 | -6,815 | -13,812 | 46,959 | 38,041 | 10,151 | |
630 |
5,743 | 5,220 | 4,618 | 378 | 5,410 | 5,319 | 5,249 | 7,157 | 6,918 | 7,073 | 5,148 | 5,301 | 7,555 | 3,096 | 3,522 | 2,308 | 10,206 | 11,196 | 11,196 | |
631/4 |
0 | -2,981 | - | - | 2,981 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
776 | 8,555 | 884 | 742 | 1,019 | 1,023 | 819 | 987 | 822 | 744 | 725 | 757 | 1,289 | 938 | 3,525 | 1,469 | 1,534 | 1,590 | 1,470 | |
66A |
- | - | - | 629 | - | - | - | - | - | - | - | - | - | - | 823 | - | 372 | - | - | |
9901 |
19,707 | 47,597 | 35,442 | 35,781 | -2,849 | -18,828 | 9,099 | -14,696 | -67,543 | -1,408 | -61,559 | -98,811 | -55,481 | -22,955 | -13,862 | -17,589 | 35,219 | 25,254 | -2,515 | |
75/76B |
- | 0 | 11 | 1 | 1 | - | - | 0 | 0 | 0 | 12,977 | 98,521 | 92,501 | 2 | 13 | 44 | 199 | 43 | 22 | |
75 |
- | 0 | 11 | 1 | 1 | - | - | 0 | 0 | 0 | 12,977 | 98,521 | 92,501 | 2 | 13 | 44 | 199 | 43 | 22 | |
65/66B |
606 | 493 | 234 | 198 | 214 | 423 | 386 | 1,305 | 1,349 | 1,427 | 1,211 | 1,275 | 1,813 | 2,145 | 1,392 | 1,526 | 724 | 716 | 1,186 | |
65 |
606 | 493 | 234 | 198 | 214 | 423 | 386 | 1,305 | 1,349 | 1,427 | 1,211 | 1,275 | 1,813 | 2,145 | 1,392 | 1,526 | 724 | 716 | 1,186 | |
9903 |
19,101 | 47,104 | 35,219 | 35,584 | -3,062 | -19,250 | 8,713 | -16,000 | -68,892 | -2,836 | -49,793 | -1,564 | 35,207 | -22,618 | -16,064 | -19,071 | 34,322 | 24,581 | -3,679 | |
67/77 |
2,263 | 142 | 135 | 203 | 232 | 235 | 230 | 82 | -107 | 107 | 106 | 129 | - | -2 | -5 | -44 | 10,580 | 7,368 | -462 | |
9904 |
16,838 | 46,962 | 35,084 | 35,381 | -3,294 | -19,485 | 8,484 | -16,082 | -68,785 | -2,942 | -49,899 | -1,693 | 35,207 | -22,617 | -16,060 | -19,028 | 23,742 | 17,213 | -3,217 | |
9905 |
16,838 | 46,962 | 35,084 | 35,381 | -3,294 | -19,485 | 8,484 | -16,082 | -68,785 | -2,942 | -49,899 | -1,693 | 35,207 | -22,617 | -16,060 | -19,028 | 23,742 | 17,213 | -3,217 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-13,085 | -29,923 | -76,885 | -111,969 | -147,350 | -144,056 | -124,571 | -133,054 | -116,972 | -48,187 | -45,245 | 4,654 | 6,672 | -28,536 | -5,919 | 10,141 | 30,356 | 6,961 | -10,252 | |
14P |
-29,923 | -76,885 | -111,969 | -147,350 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 325 | - | - | - | 1,187 | 348 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 325 | - | - | - | 1,187 | 348 | - | |
| Document | ||||||||||||||||||||
The accounts for 3 older financial years (2004-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-11-2025.
2025 annual accounts filed 28 days after the deadline. Filed on 28 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00572108.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 28-11-2025 | 2025-00572108 | |
| 31-03-2024 | micro format | 29-10-2024 | 2024-00517857 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00499008 | |
| 31-03-2022 | micro format | 02-11-2022 | 2022-20481307 | |
| 31-03-2021 | micro format | 05-11-2021 | 2021-76600131 | |
| 31-03-2020 | micro format | 02-11-2020 | 2020-67200036 | |
| 31-03-2019 | micro format | 11-10-2019 | 2019-70000026 | |
| 31-03-2018 | micro format | 02-10-2018 | 2018-68100252 | |
| 31-03-2017 | micro format | 29-09-2017 | 2017-64800292 | |
| 31-03-2016 | abbreviated format | 30-09-2016 | 2016-63900506 | |
| 31-03-2015 | abbreviated format | 28-09-2015 | 2015-61400233 | |
| 31-03-2014 | abbreviated format | 24-10-2014 | 2014-65500403 | |
| 31-03-2013 | abbreviated format | 30-11-2013 | 2013-67400579 | |
| 31-03-2012 | abbreviated format | 25-10-2012 | 2012-61800375 | |
| 31-03-2011 | abbreviated format | 07-11-2011 | 2011-60100253 | |
| 31-03-2010 | abbreviated format | 25-10-2010 | 2010-58900252 | |
| 31-03-2009 | abbreviated format | 26-10-2009 | 2009-82400246 | |
| 31-03-2008 | abbreviated format | 29-09-2008 | 2008-75700310 | |
| 31-03-2007 | abbreviated format | 04-10-2007 | 2007-76700183 | |
| 31-03-2006 | abbreviated format | 10-10-2006 | 2006-83503939 | |
| 31-03-2005 | abbreviated format | 25-10-2005 | 2005-83403500 | |
| 31-03-2004 | abbreviated format | 28-01-2005 | 2005-02800079 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25,450 | 52,817 | 40,060 | 36,158 | 2,561 | -13,508 | 14,348 | -7,539 | -60,625 | 5,665 | -56,411 | -93,510 | -47,926 | -19,859 | -10,340 | -15,281 | 45,425 | 36,450 | 8,681 | ||
| 22,581 | 52,182 | 39,702 | 35,759 | 2,116 | -14,166 | 13,733 | -8,925 | -61,868 | 4,131 | -44,751 | 3,607 | 42,762 | -19,521 | -12,538 | -16,720 | 33,949 | 28,409 | 7,979 | ||
| 6,326 | 0 | 24,940 | 2,323 | 2,170 | 436 | 796 | 23,491 | 0 | 6,107 | 0 | 0 | 22,295 | 779 | 5,115 | 1,517 | 3,118 | 0 | - | ||
| -3,948 | 20,554 | 8,650 | 797 | -437 | -1,875 | -10,869 | 18,993 | -20,829 | 11,736 | -34,582 | -16,026 | 55,207 | -3,221 | -4,052 | -38,353 | 50,055 | -25,181 | - | ||
| -22,363 | -38,618 | -90,801 | -105,562 | -145,565 | -140,948 | -116,846 | -124,721 | -109,679 | -49,124 | -48,100 | -3,349 | -6,956 | -26,223 | -6,143 | 11,630 | 48,316 | 3,487 | -16,302 | ||
| -9.0% | -31.1% | -136.0% | -573.4% | -877.2% | -600.5% | -333.4% | -303.5% | - | -125.8% | -166.9% | 16.0% | 16.8% | -80.0% | 5.8% | 33.9% | 35.1% | 19.6% | -6.3% | ||
| 0.63 | 0.58 | 0.24 | 0.13 | 0.06 | 0.08 | 0.15 | 0.15 | - | 0.31 | 0.19 | 0.95 | 0.90 | 0.42 | 0.79 | 1.34 | 2.00 | 1.07 | 0.70 | ||
| - | - | - | - | - | - | - | - | - | - | - | 5.24 | 4.96 | - | 16.38 | 1.95 | 1.85 | 4.10 | - | ||
| - | - | - | - | - | - | - | - | - | - | - | -13.3% | 244.4% | - | -884.2% | -106.4% | 64.3% | 130.8% | - | ||
| 30.2% | 66.8% | 69.3% | 195.2% | -20.7% | -86.0% | 24.3% | -39.0% | - | -9.2% | -224.0% | -2.1% | 41.0% | -87.0% | -50.9% | -36.1% | 22.6% | 25.6% | -5.0% | ||
| 42.00 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €6,326 | - | €24,940 | €2,323 |
| €5,743 | €5,220 | €4,618 | €378 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 59% lower than in 2024 and the lowest since 2021.
Equity is negative. Debt (€60,771) exceeds the balance-sheet total (€55,746).
VALUE FOR TECHNOLOGY has no parent and no holdings in its annual accounts. Willems Philippe is the only director.
| ORINEO
registered office since 09-12-2009 · founded in 2009 |
total assets €394,122 (2025) 0821.371.353 |
| TTC Tacko Kortenberg
registered office since 23-08-2018 |
founded in 2018 0701.616.638 |
The connected companies are in the list below.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Acaciastraat 14 registered office 3071 Kortenberg | 22-04-2003 | 2.127.173.673 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24025E0159/00A000 | 1,565 m² | 1 · 206 m² | 7.8 m · 2 |
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