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Value Object

Active Private limited companyfounded 2013active for 13 yearsSint-Katharinastraat 90, 8501 KortrijkKBO/BCE: BE 0511.941.353
Value Object
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €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 accounts

Equity

€997,428 ▼ 7.7%
1.12025+0.1Profit-0.2Dividend1.02026

Value Object paid out €185,841 in dividends. That is 181% of the 2026 profit.

Filings

6 annual accounts 3 late
deadline202220242026

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 strength
Strong

100=equity 90.5% of total assets
51-1short-term debt 9.5% · cash 1.0%
80=return on assets 9.3%

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
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 8.92, cash €11,518, halved
NBB · annual accounts
lowers risk · Size: total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed on 30-10-2026)
NBB · annual accounts
lowers risk · Equity €997,428 (90.5% of total assets)
NBB · annual accounts
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 filings
Deviation 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 months
Where today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VM
VERRAES Mathias Hendrik Lucas
Director, since 01-01-2013

Shares in 1 company, Aardling

Board & ownership

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
All 15 events

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
Company details

Annual accounts to 31-03-2026

€26,805▼ 77.3%
≈ €89,000estimated
€102,578▼ 4.7%
€997,428▼ 7.7%
€1.1m▼ 10.2%
Filing
Filed on 30-10-2026, 1 day before the end of the filing period
Financials

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.

Financials

Annual accounts 2026

micro format, filed on 30-10-2026, 1 day before the deadline
€26,805
▼ 77.3%
€22,150
▼ 80.8%
€102,578
▼ 4.7%
€830,600
▲ 16.6%
90.5%
▲ 2.4 percentage points
8.92
▲ 3.07

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 ≈ €89,000. Estimated: probably between €73,000 and €120,000.

Balance sheet

balance sheet total €1.1m on 31-03-2026
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

90.5%

Higher than 86% of 21,206 companies in 2025.

8.92

Higher than 79% of 20,569 companies in 2025.

9.3%

Higher than 33% of 20,744 companies in 2025.

Value Object Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202620252024202320222021
Balance sheet: assets
20/58 1.1m1.2m1.2m1.3m770,169593,859
21/28 166,828368,329370,014371,6981,2418,208
22/27 1,8283,3295,0146,6981,2412,008
24 1,8283,3295,0146,6981,2412,008
28 165,000365,000365,000365,000-6,200
29/58 935,424859,066825,857896,555768,928585,651
29 94,47287,00017,000---
290 94,47287,00017,000---
40/41 73,40266,43593,990279,831305,152145,649
40 149-5,19460,500197,076129,852
41 73,25266,43588,796219,331108,07615,798
50/53 753,493670,855703,172273,100140,50017,500
54/58 11,51834,77511,695343,625323,275418,308
490/1 2,540----4,194
Balance sheet: equity and liabilities
10/49 1.1m1.2m1.2m1.3m770,169593,859
10/15 997,4281.1m1.1m1.2m719,368524,099
10/11 1,1001,1001,1001,1001,1001,100
13 996,3281.1m1.1m1.2m718,268522,999
132 252,600252,600252,600252,600--
133 743,728826,992868,734946,477718,268522,999
14 ---27,893---
17/49 104,824146,703101,33068,07750,80169,761
42/48 104,824146,703101,33068,07750,80169,097
42 ---33,566--
43 361601,03762541,370
430/8 361601,03762541,370
44 3,5051,376-7542,24322,466
440/4 3,5051,376-7542,24322,466
45 26,01329,8413,88710,5571,75728,587
450/3 26,01329,8413,88710,5571,75728,587
47/48 74,945115,42696,40523,13946,74616,673
492/3 -----664
Income statement
76A ----23,500-
9900 26,805118,194-25,486226,710479,228269,758
630 1,5011,6851,6851,185766917
631/4 ---9,387--
640/8 1,7801,1541,1203,5939992,140
66A 1,374--708--
9901 22,150115,355-28,290211,837477,462266,701
75/76B 125,10016,3325,872355,28511210
75 125,10016,3325,872355,28511210
65/66B 1,3681,4605602,0941,9332,283
65 1,3681,4605602,0941,9332,283
9903 145,881130,227-22,978565,029475,641264,428
67/77 43,30322,5754,91583,077143,60178,587
9904 102,578107,652-27,893481,952332,040185,841
689 ---252,600--
9905 102,578107,652-27,893229,352332,040185,841
Appropriation of the result
9906 102,57879,759-27,893229,352332,040185,841
14P --27,893----
791/2 185,841121,50177,7431,144136,770-
691/2 102,57879,759-229,352332,040185,841
6921 102,57879,759-229,352332,040185,841
694/7 185,841121,50177,7431,144136,770-
694 185,841121,50177,7431,144136,770-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 30-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 30-10-2026 2026-00595284 PDF
31-03-2025 micro format 29-10-2025 2025-00552184 PDF
31-03-2024 micro format 30-10-2024 2024-00520281 PDF
31-03-2023 micro format 30-11-2023 2023-00519214 PDF
31-03-2022 micro format 09-01-2023 2023-20555127 PDF
31-03-2021 micro format 02-11-2021 2021-76500343 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202620252024202320222021
23,651117,040-26,606213,022478,228267,618
104,079109,336-26,208483,137332,806186,759
-200,00000371,642-6,2001,781
-23,25723,080-331,93020,349-95,033-
830,600712,363724,527828,478718,127516,555
90.5%88.0%91.5%94.6%93.4%88.3%
8.925.868.1513.1715.148.48
0.110.140.090.060.070.13
10.3%10.0%-2.5%40.2%46.2%35.5%
9.3%8.8%-2.3%38.0%43.1%31.3%
17.2880.14-47.54over 100over 100-

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.

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets---€6,642-
Financial fixed assets---€365,000-
€1,501€1,685€1,685€1,185€766

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on Value Object

The operating result for 2026 is 81% lower than in 2025.

Debt's share of the balance-sheet total falls from 12.0% to 9.5%. Equity and debt are lower.

Board & ownership

Board

1 director, last change in 2021
VERRAES Mathias Hendrik Lucas
Director (not named in the articles)
since 01-01-2013
earlier manager, until 07-07-2021
listed in the 2026 annual accounts, filed on 30-10-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“6. Bepalingen inzake de externe vertegenwoordiging: De vennootschap is verbonden door de handelingen van het bestuursorgaan en van de…”
deed of 07-07-2021

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
VERRAES Mathias Hendrik Lucas
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • VERRAES Mathias Hendrik Lucas
    • Director (not named in the articles), from 01-01-2013 to date
    • Manager, until 07-07-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€1,100
Source
2026 annual accounts

Articles of association

deed of 07-07-2021 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of September at 17:00

Network & group

Holdings

own accounts to 31-03-2026, the bar shows equity in euros
This companyValue Object1 holding, 1 country accounts to 31-03-2026

Belgium 1 Equity Result

  • BE Aardlingvia 100% €206,932 result €281,271

Source: list of holdings in its own 31-03-2026 accounts. Every holding stands with its own latest accounts.

Earlier ties

Aardling Belgium
via VERRAES Mathias Hendrik Lucas, no longer at Aardling Belgium · Director (not named in the articles) · deed of 24-01-2019
founded in 2019
 total assets €677,808 (2026)

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2023 to 2026
Holdings through the years
Name2023202420252026
Aardling via 100%

Source: list of holdings in its own accounts

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

15 events since 2013

Deadline for the 2027 accounts: 31-10-2027

2026
Annual accounts 2026 filed NBBmicro format · 1 day before the deadline
2025
Annual accounts 2025 filed PDFmicro format · 2 days before the deadline
Back to profit net €107,652 The net result is €107,652, after one loss-making year.
2024
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0511941353
Weakest financial year net -€27,893 The net result drops to -€27,893, the lowest from 2021 to 2026. It recovers the following year.
2023
Annual accounts 2023 filed PDFmicro format · 30 days late
Highest result from 2021 to 2026 net €481,952 ▲45.1% The net result of €481,952 is the highest of those years.
Equity above €1m equity €1.2m ▲66.8% With a profit in every financial year since 2021, equity grows to €1.2m.
Registered office moved from Kortrijk to HeuleNew registered office: Sint-Katharinastraat 90, 8501 Heule · Previous registered office: Sint-Denijseweg 74, 8500 Kortrijk · Board meeting of 01-12-20222 points ▸
  • Board meeting, 01-12-2022
  • Registered-office move, Sint-Katharinastraat 90, 8501 Heule

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 70 days late
2021
Annual accounts 2021 filed PDFmicro format · 2 days late
Change of role: VERRAES Mathias Hendrik Lucas, from manager to directorLegal-form conversion: from limited partnership to private limited company · General meeting of 24-06-20216 points ▸
  • General meeting, 24-06-2021
  • Legal-form conversion, from limited partnership to private limited company
  • Capital, €1,100
  • Director resignation, VERRAES Mathias Hendrik Lucas (manager)
  • Board rule, 1
  • Director appointment, VERRAES Mathias Hendrik Lucas (director (not named in the articles))
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

2013
First establishment Sint-Katharinastraat 90, Kortrijk
Incorporation PDFpublished on 01-03-2013

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 1 January 2013, Value Object was incorporated.1 In 2023 the registered office moved to Heule.2 Total assets went from €593,859 in 2021 to €1.1m in 2026.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-02-2023
  3. 3National Bank, annual accounts 2021 and 2026

Company details

Identity

Enterprise number
0511.941.353
VAT number
BE 0511.941.353
Peppol ID
0208:0511941353
Other Peppol ID
9925:BE0511941353
Legal form
Private limited company
Status
Active, normal situation
Founded
01-01-2013
Financial year
ends on 31 March
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of September at 17:00
deed of 07-07-2021 (in Dutch)
Peppol
Reachable since 07-10-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Value Object in Dutch
Entity type
Legal entity
Name clauseThe company operates under this name according to its articles.
Value Object
deed of 07-07-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Sint-Denijseweg 74, 8500 Kortrijk”
deed of 07-07-2021 (in Dutch)

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
70200 Business and other management consultancy
82300 Organisation of conventions and trade shows
Codes under NACEBEL 2008
62020 IT consultancy main activity
70220 Business consulting
82300 Organisation of conventions and trade shows
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het kopen,verkopen en in licentie nemen of geven van octrooien,knowhow,brevetten en aanverwante immateriële duurzame activa; Het…”
4 activities
  1. Het kopen,verkopen en in licentie nemen of geven van octrooien,knowhow,brevetten en aanverwante immateriële duurzame activa.
  2. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
  3. Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten.
  4. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen,waaronder ook gronden,en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en de huurfinanciering van onroerende goederen aan derden,het aankopen en verkopen zowel in volle eigendom als in vruchtgebruik en/of blote eigendom,ruilen,doen bouwen,doen verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen.
deed of 07-07-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Sint-Katharinastraat 90 registered office 8501 Kortrijk 18-02-2013 2.216.879.471
1 former office
  • Sint-Denijseweg 74, 8500 Kortrijk until 01-12-2022 · deed of 07-02-2023

Buildings and parcels at the address

Ground area
602 m²
Buildings
73 m²
Volume, LiDAR
73 m³
Tallest building
7.7 m
Buildings to scale, each on its own parcel
73 m², 7.7 m 73 m², 7.7 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34016B0186/00Y000602 m² 1 · 73 m² 7.7 m

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