Equity
€997,428 ▼ 7.7%
Value Object paid out €185,841 in dividends. That is 181% of the 2026 profit.
Value Object
Lifetime
6 annual accounts with figures on one time axispeak €479,228 (2022)
€26,805▼ 77.3%
lowest -€27,893 (2024)
€102,578▼ 4.7%
peak €1.2m (2023)
€997,428▼ 7.7%
€104,824▼ 28.5%
Board1 name since 2013
1 directorVERRAES Mathias Hendrik Lucas
Documentsfilings and deeds
30-10-20261 day before the deadline
2026micro format
Gross margin from €118,194 to €26,805Dividend €185,841Debts from €146,703 to €104,824Cash from €34,775 to €11,518
Key points
from the 2026 annual accountsFilings
6 annual accounts 3 late
The 2022 accounts came latest: 70 days after the end of the period.
Position in the sector
€997,428
More equity than 95% of companies in computer programming and consultancy. Sector median €81,094 · 658 companies.
Checked score
93
Excellent
Financially stronger than 47% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%highest value
01-2025: 0.5%● unchanged vs 12-2024highest value
02-2025: 0.5%● unchanged vs 01-2025highest value
03-2025: 0.2%▼ -0.3 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: < 0.1%▼ -0.2 percentage points vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 8.92, cash €11,518, halved
lowers risk
Size: total assets €1.1m
Figures for financial year 2026 (filed on 30-10-2026)
Equity €997,428 (90.5% of total assets)
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, 32% on liquidity, 40% on profitability and 32% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-03-2026.
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).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as Value Object has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of Value Object itself: 0.1% within 12 months.
Test of the method
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 17,811 companies, not a prediction for Value Object. 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.
Credit verdict
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.92 (5.86 in 2025), above the usual 1.5. Short-term debt is 9.5% and cash 1% of total assets. 9.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-10-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
1 day early
2025
2 days early
2024
1 day early
2023
30 days late
2022
70 days late
2021
2 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 16 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)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0511941353
Registered office moved from Kortrijk to Heule
New registered office: Sint-Katharinastraat 90, 8501 Heule · Previous registered office: Sint-Denijseweg 74, 8500 Kortrijk · Board meeting of 01-12-2022 · Gazette deed
Change of role: VERRAES Mathias Hendrik Lucas, from manager to director
Legal-form conversion: from limited partnership to private limited company · General meeting of 24-06-2021 · Gazette deed
First establishment
Sint-Katharinastraat 90, Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Value Object Kortrijk | €1.1m | €26,805 | 90.5% | - |
| ATHENA Uccle | €1.0m | €33,775 | 2.4% | - |
| Red Barn Deinze | €1.4m | €34,087 | 6.4% | - |
| ZEROPOINT.IT Beringen | €0.8m | €33,291 | 59.7% | - |
| LEGGATUM Lievegem | €1.4m | €23,746 | 8.3% | - |
| PH Technics Aubel | €1.1m | €17,932 | 4.7% | - |
| KVW MANAGEMENT Lanaken | €0.9m | €31,026 | 76.8% | 0.1 |
These companies have the same main activity as Value Object: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €839,000 and €1.4m, founded between 2007 and 2016.
Official details
Source: KBO- Status
- Active since 01-01-2013Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.216.879.4718501 Kortrijk, since 18-02-2013
- Financial year end
- 31 March
- Peppol
- Reachable since 07-10-2024
Annual accounts to 31-03-2026
- ≈ €89,000estimated
- €1.1m▼ 10.2%
- Filing
- Filed on 30-10-2026, 1 day before the end of the filing period
Insights on Value Object
Value Object files the micro format. That format states no turnover. The gross margin fell from €269,758 in 2021 to €26,805 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Value Object
- What is the company number of Value Object?
- The company number of Value Object is 0511.941.353. The VAT number is the same number with BE in front: BE 0511.941.353.
- Where is Value Object based?
- The registered office is at Sint-Katharinastraat 90, 8501 Kortrijk.Company details
- What does Value Object do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of Value Object?
- Value Object is a private limited company (BV).
- When was Value Object founded?
- Value Object was founded on 01-01-2013.
- Is Value Object still active?
- Yes, Value Object is an active enterprise in the KBO register.
- What is the turnover of Value Object?
- The turnover in financial year 2026 is ≈ €89,000. This figure is estimated from the gross margin of €26,805 and 63 comparable companies (NACE 62200). It probably lies between €73,000 and €120,000.Financials
- Is Value Object profitable?
- In financial year 2026, Value Object made a profit of €102,578.
- Where can I find the annual accounts of Value Object?
- Value Object filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Value Object due?
- Value Object must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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