VALUE TECH
ActiveSummary
VALUE TECH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €245k and a net result of €50k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-3
Solvency87▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 9.18 in 2023; short-term debt: 37.7% and cash: 35.2% of total assets), and 37.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
153 d late
2022
354 d late
2021
718 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€245k▼ 17.0%
2023 · €295k
2018: €76klowest in 7 years
2019: €111k▲ +46.4% vs 2018
2020: €157k▲ +41.4% vs 2019
2021: €193k▲ +23.1% vs 2020
2022: €244k▲ +26.4% vs 2021
2023: €295k▲ +20.8% vs 2022highest in 7 years
2024: €245k▼ -17.0% vs 2023
2018 → 2024
Total assets
€393k▲ 18.9%
2023 · €331k
2018: €95klowest in 7 years
2019: €138k▲ +45.0% vs 2018
2020: €194k▲ +40.0% vs 2019
2021: €221k▲ +14.0% vs 2020
2022: €268k▲ +21.2% vs 2021
2023: €331k▲ +23.4% vs 2022
2024: €393k▲ +18.9% vs 2023highest in 7 years
2018 → 2024
Net result
€50k▼ 1.7%
2023 · €51k
2018: €23klowest in 7 years
2019: €35k▲ +54.4% vs 2018
2020: €46k▲ +30.7% vs 2019
2021: €36k▼ -21.1% vs 2020
2022: €51k▲ +40.6% vs 2021highest in 7 years
2023: €51k▼ -0.3% vs 2022
2024: €50k▼ -1.7% vs 2023
2018 → 2024
Working capital
€244k▼ 15.9%
2023 · €290k
2018: €76klowest in 7 years
2019: €111k▲ +46.6% vs 2018
2020: €157k▲ +41.4% vs 2019
2021: €192k▲ +22.6% vs 2020
2022: €235k▲ +22.2% vs 2021
2023: €290k▲ +23.4% vs 2022highest in 7 years
2024: €244k▼ -15.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€157k-€193k▲ 23.1%€244k▲ 26.4%€295k▲ 20.8%€245k▼ 17.0%
2020: €157klowest in 5 years
2021: €193k▲ +23.1% vs 2020
2022: €244k▲ +26.4% vs 2021
2023: €295k▲ +20.8% vs 2022highest in 5 years
2024: €245k▼ -17.0% vs 2023
Operating result€60k-€47k▼ 22.0%€65k▲ 38.4%€67k▲ 4.0%€70k▲ 4.1%
2020: €60k
2021: €47k▼ -22.0% vs 2020lowest in 5 years
2022: €65k▲ +38.4% vs 2021
2023: €67k▲ +4.0% vs 2022
2024: €70k▲ +4.1% vs 2023highest in 5 years
Net result€46k-€36k▼ 21.1%€51k▲ 40.6%€51k▼ 0.3%€50k▼ 1.7%
2020: €46k
2021: €36k▼ -21.1% vs 2020lowest in 5 years
2022: €51k▲ +40.6% vs 2021highest in 5 years
2023: €51k▼ -0.3% vs 2022
2024: €50k▼ -1.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393k
Fixed assets
€1,000 ▼ 79.7%
Current assets
€392k ▲ 20.4%
Equity and liabilities €393k
Equity
€245k ▼ 17.0%
Debt
€148k ▲ 317%
Debt's share of the balance-sheet total rises from 10.7% to 37.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€74k▲
2023 · €71k
Cash flow
€54k▼
2023 · €55k
Current ratio
2.65▼
2023 · 9.18
Debt to equity
0.60▲
2023 · 0.12
ROE
20.4%▲
2023 · 17.2%
ROA
12.7%▼
2023 · 15.4%
Interest coverage
713.91▲
2023 · 479.62
Debt ≤ 1 year
€148k▲
2023 · €35k
Income taxes
€20k▲
2023 · €16k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€331k€393k▲
Fixed assets21/28€5k€1,000▼
Tangible fixed assets22/27€5k€1,000▼
Furniture and vehicles24€5k€1,000▼
Current assets29/58€326k€392k▲
Amounts receivable within one year40/41€196k€253k▲
Trade receivables40€16k€15k▼
Other amounts receivable41€181k€238k▲
Cash at bank and in hand54/58€129k€138k▲
Deferred charges and accrued income490/1€377€388▲
Equity and liabilities
Total equity and liabilities10/49€331k€393k▲
Equity10/15€295k€245k▼
Contributions10/11€6k€6k=
Reserves13€19k€19k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€270k€220k▼
Amounts payable17/49€35k€148k▲
Amounts payable within one year42/48€35k€148k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€34k€44k▲
Taxes450/3€34k€44k▲
Other amounts payable47/48-€100k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8-€3k
Gross operating margin9900€71k€77k▲
Operating profit (loss)9901€67k€70k▲
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€149€104▼
Recurring financial charges65€149€104▼
Profit (loss) for the period before taxes9903€67k€70k▲
Income taxes67/77€16k€20k▲
Profit (loss) for the period9904€51k€50k▼
Profit (loss) for the period to be appropriated9905€51k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€270k€320k▲
Profit (loss) brought forward from the previous period14P€219k€270k▲
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €320 | €3k | €4k | €4k | ▼ 7.8% |
| Other operating charges640/8 | - | - | - | - | €3k | - |
| Gross operating margin9900 | €60k | €47k | €68k | €71k | €77k | ▲ 7.4% |
| Operating profit (loss)9901 | €60k | €47k | €65k | €67k | €70k | ▲ 4.1% |
| Financial income75/76B | - | - | - | - | €5 | - |
| Recurring financial income75 | €3 | - | - | - | €5 | - |
| Financial charges65/66B | - | €84 | €99 | €149 | €104 | ▼ 30.5% |
| Recurring financial charges65 | €76 | €84 | €99 | €149 | €104 | ▼ 30.5% |
| Profit (loss) for the period before taxes9903 | €60k | €47k | €65k | €67k | €70k | ▲ 4.2% |
| Income taxes67/77 | €14k | €10k | €14k | €16k | €20k | ▲ 22.6% |
| Profit (loss) for the period9904 | €46k | €36k | €51k | €51k | €50k | ▼ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €46k | €36k | €51k | €51k | €50k | ▼ 1.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194k | €221k | €268k | €331k | €393k | ▲ 18.9% |
| Fixed assets21/28 | - | €845 | €9k | €5k | €1,000 | ▼ 79.7% |
| Tangible fixed assets22/27 | - | €845 | €9k | €5k | €1,000 | ▼ 79.7% |
| Furniture and vehicles24 | - | €845 | €9k | €5k | €1,000 | ▼ 79.7% |
| Current assets29/58 | €194k | €220k | €259k | €326k | €392k | ▲ 20.4% |
| Amounts receivable within one year40/41 | €122k | €138k | €148k | €196k | €253k | ▲ 28.9% |
| Trade receivables40 | - | €21k | €13k | €16k | €15k | ▼ 3.8% |
| Other amounts receivable41 | - | €117k | €135k | €181k | €238k | ▲ 31.8% |
| Cash at bank and in hand54/58 | €68k | €78k | €110k | €129k | €138k | ▲ 7.4% |
| Deferred charges and accrued income490/1 | - | €5k | €377 | €377 | €388 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194k | €221k | €268k | €331k | €393k | ▲ 18.9% |
| Equity10/15 | €157k | €193k | €244k | €295k | €245k | ▼ 17.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €19k | €19k | €19k | €19k | €19k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €17k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | €132k | €168k | €219k | €270k | €220k | ▼ 18.5% |
| Amounts payable17/49 | €37k | €28k | €24k | €35k | €148k | ▲ 317% |
| Amounts payable within one year42/48 | €37k | €28k | €24k | €35k | €148k | ▲ 317% |
| Trade debts44 | €1k | €4k | €260 | €2k | €4k | ▲ 105% |
| Suppliers440/4 | - | €4k | €260 | €2k | €4k | ▲ 105% |
| Taxes, remuneration and social security45 | - | €24k | €23k | €34k | €44k | ▲ 31.6% |
| Taxes450/3 | - | €24k | €23k | €34k | €44k | ▲ 31.6% |
| Other amounts payable47/48 | - | - | - | - | €100k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €36k | €51k | €51k | €50k | ▼ 1.7% |
| + Depreciation and write-downs630 | - | €320 | €3k | €4k | €4k | ▼ 7.8% |
| Operating cash flow (approximation) | €46k | €37k | €54k | €55k | €54k | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | - | €-12k | €0 | €0 | - |
| Change in cash | - | €10k | €33k | €18k | €10k | ▼ 48.3% |
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
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 354 days late
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 718 days late
2022
31-12
Financial
Highest result since 2018net €51k ▲40.6%
Net result €51k, the highest in the series.
31-12
Financial
Equity above €200kEq €244k ▲26.4%
5 profitable years in a row build equity to €244k.
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €157k ▲41.4%
3 profitable years in a row build equity to €157k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Equity above €100kEq €111k ▲46.4%
2 profitable years in a row build equity to €111k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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.
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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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2015
Ground area
1.8 ha
Building footprint
1,500 m²
Volume, LiDAR
50,647 m³
2 parcels, Brussels · tallest building 46.2 m, ±14 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
VALUE TECH
since 20152.248.028.646
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21672C0070/00X000 | Brussels | 1.7 ha | 1 · 1,109 m² | 46.2 m · 14 fl. |
| 21363B0333/00R005 | Brussels | 509 m² | 1 · 391 m² | 29.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,250 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.