VALUEDEC
ActiveSummary
VALUEDEC has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60.4m and a net result of -€91,047. Equity has been growing by about 9.3% per year since 2023. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-01-2022 Normal situation
- Registered office
- 16 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- “Het beleggen in, het intekenen op, overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen…” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.326.992.287 9090 Merelbeke-Melle, since 17-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 05-08-2024
Board and ownership
Board
- Dirk De CuyperDirector · since 14-01-2022
- Peter De CuyperDirector · since 14-01-2022
Shareholders
- BELFIMA INVEST50%· score 922025 annual accounts of BELFIMA INVEST
- TRADIDEC50%· score 932025 annual accounts of TRADIDEC
- Holdings
- Shares in 6 companies including Immo Rominvest and The Gates
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
Annual accounts 2025
- Gross margin
- -€227,453
- ▼ 376%
- Loss
- €91,047
- ▲ 113%
- Equity
- €60.4m
- ▼ 0.1%
- Total assets
- €82.8m
- ▲ 11.8%
- 2025 accounts filed 11 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.44, cash €4,618, halvedFounded in 2022lowers riskSize: total assets €82.8mNo main activity registeredShow the evidence
Checked score
Score 2025
78
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 21% of large companies without a NACE code
Financial strength · tick: 2024
Average
Solvency
98-2
equity 72.9% of total assets
Liquidity
40-5
short-term debt 26.5% · cash 0.0%
Profitability
19=
return on assets -0.1%
Bankruptcy probability within 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.2 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.2%▼ -0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.5%● unchanged vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Credit of up to €4,700,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.44 (0.54 in 2024), below 1. Short-term debt is 26.5% and cash 0% of total assets. 27.1% of the assets are financed with debt and provisions.
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 (no NACE code, large). It does better than 32% of them on solvency, 14% on liquidity, 9% on profitability and 27% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 11 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
11 days late
2024
64 days early
2023
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 29 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (3 of the last 3 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 11 days after the deadline Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399679.
Annual accounts 2025 filed on 11-08-2026 at the NBB all 3 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€91,047▼ 113%
2024 · -€42,747
Working capital
-€12.4m▼ 101%
2024 · -€6.2m
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€231,147
▼ 335%
2025
20232025
Net result
-€91,047
▼ 113%
2025
20232025
Equity
€60.4m
▼ 0.1%
2025
20232025
Total assets
€82.8m
▲ 11.8%
2025
20232025
Debt
€22.4m
▲ 65.3%
2025
20232025
Working capital
-€12.4m
▼ 101%
2025
20232025
Staff (FTE)
0
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€0.1m--€0.05m▲ 45.3%-€0.2m▼ 335%
Net result-€0.1m--€0.04m▲ 70.5%-€0.09m▼ 113%
Equity€49.2m-€60.4m▲ 23.0%€60.4m▼ 0.1%
Total assets€62.7m-€74.0m▲ 18.1%€82.8m▲ 11.8%
Debt€13.5m-€13.6m▲ 0.4%€22.4m▲ 65.3%
Working capital-€1.6m--€6.2m▼ 282%-€12.4m▼ 101%
Staff (FTE)00
The operating result for 2025 is a loss of €231,147, larger than the loss of €53,106 in 2024. It is the lowest result since 2023.
Large changes and their cause
- 2024 Net result +71% on 2023. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82.8m
Fixed assets
€73.2m ▲ 9.4%
Current assets
€9.6m ▲ 34.9%
Equity and liabilities €82.8m
Equity
€60.4m ▼ 0.1%
Debt
€22.4m ▲ 65.3%
Debt's share of the balance-sheet total rises from 18.3% to 27.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€228,696▼
2024 · -€48,360
Cash flow
-€88,596▼
2024 · -€38,000
Current ratio
0.44▼
2024 · 0.54
Debt to equity
0.37▲
2024 · 0.22
ROE
-0.2%▼
2024 · -0.1%
ROA
-0.1%▼
2024 · -0.1%
Interest coverage
-0.27▼
2024 · -0.08
Debt ≤ 1 year
€22.0m▲
2024 · €13.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €51.0m | €11.4m | €6.5m |
| Depreciation and write-downs of the year | €8,407 | €4,747 | €2,451 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Operating charges60/66A | €97,068 | - | - | - |
| Services and other goods61 | €87,854 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,407 | €4,747 | €2,451 | ▼ 48.4% |
| Other operating charges640/8 | €807 | €603 | €1,243 | ▲ 106% |
| Gross operating margin9900 | - | -€47,757 | -€227,453 | ▼ 376% |
| Operating profit (loss)9901 | -€97,068 | -€53,106 | -€231,147 | ▼ 335% |
| Financial income75/76B | €786,959 | €606,896 | €973,353 | ▲ 60.4% |
| Recurring financial income75 | €786,959 | €606,896 | €973,353 | ▲ 60.4% |
| Income from current assets751 | €786,959 | - | - | - |
| Financial charges65/66B | €834,952 | €596,537 | €833,253 | ▲ 39.7% |
| Recurring financial charges65 | €834,952 | €596,537 | €833,253 | ▲ 39.7% |
| Debt charges650 | €834,658 | - | - | - |
| Other financial charges652/9 | €295 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€145,061 | -€42,747 | -€91,047 | ▼ 113% |
| Profit (loss) for the period9904 | -€145,061 | -€42,747 | -€91,047 | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | -€145,061 | -€42,747 | -€91,047 | ▼ 113% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €62.7m | €74.0m | €82.8m | ▲ 11.8% |
| Formation expenses20 | €0.005m | €0.006m | €0.003m | ▼ 43.5% |
| Fixed assets21/28 | €51.0m | €66.9m | €73.2m | ▲ 9.4% |
| Financial fixed assets28 | €51.0m | €66.9m | €73.2m | ▲ 9.4% |
| Affiliated companies280/1 | €2.0m | - | - | - |
| Participating interests280 | €2.0m | - | - | - |
| Companies linked by participating interests282/3 | €49.0m | - | - | - |
| Participating interests282 | €49.0m | - | - | - |
| Current assets29/58 | €11.6m | €7.1m | €9.6m | ▲ 34.9% |
| Amounts receivable after more than one year29 | €4.5m | €0 | - | - |
| Other amounts receivable291 | €4.5m | €0 | - | - |
| Stocks and contracts in progress3 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €6.8m | €6.8m | €9.4m | ▲ 39.1% |
| Other amounts receivable41 | €6.8m | €6.8m | €9.4m | ▲ 39.1% |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.005m | ▼ 96.8% |
| Deferred charges and accrued income490/1 | €0.1m | €0.2m | €0.2m | ▼ 10.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €62.7m | €74.0m | €82.8m | ▲ 11.8% |
| Equity10/15 | €49.2m | €60.4m | €60.4m | ▼ 0.1% |
| Contributions10/11 | €49.3m | €60.6m | €60.6m | = |
| Capital10 | €49.3m | €60.6m | €60.6m | = |
| Issued capital100 | €49.3m | €60.6m | €60.6m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | -€0.3m | ▼ 48.2% |
| Amounts payable17/49 | €13.5m | €13.6m | €22.4m | ▲ 65.3% |
| Amounts payable within one year42/48 | €13.3m | €13.3m | €22.0m | ▲ 65.6% |
| Trade debts44 | €0.004m | €0.003m | €0.02m | ▲ 807% |
| Suppliers440/4 | €0.004m | €0.003m | €0.02m | ▲ 807% |
| Other amounts payable47/48 | €13.3m | €13.3m | €21.9m | ▲ 65.5% |
| Accrued charges and deferred income492/3 | €0.3m | €0.3m | €0.4m | ▲ 49.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.04m | -€0.09m | ▼ 113% |
| + Depreciation and write-downs630 | €0.008m | €0.005m | €0.002m | ▼ 48.4% |
| Operating cash flow (approximation) | -€0.1m | -€0.04m | -€0.09m | ▼ 133% |
| Investment in fixed assets (approximation) | - | -€15.9m | -€6.3m | ▲ 60.4% |
| Change in cash | - | -€0.2m | -€0.1m | ▲ 9.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
2 directors, 1 in day-to-day management, no change since 2022
Day-to-day management 1
Dirk Peter De Cuyper
Current
Managing director · appointed in the act of 10-02-2022
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly
deed of 19-01-2022Owners and capital
Shareholders
2 ownersOwners 2
- Equity €130.9m Profit of €1.2m in 2025 (profit of €1.2m in 2024) Checked score 9250%
- Sourceaccounts TRADIDEC 2025Equity €154.4m Profit of €2.1m in 2025 (profit of €770,691 in 2024) Checked score 9350%
Capital transactions
Shareholders according to the deeds
At incorporation
act of 19-01-2022 ↗
- BELFIMA INVEST (BE 0466.014.328) founder
- TRADIDEC (BE 0464.996.422) founder
Capital over time
- 21-11-2024 Capital increase of €11,333,667 · to €60,633,667 · 11,368 new shares at €996.98 per share · in cash
- 25-03-2022 Capital increase of €49,200,000 · to €49,300,000 · 49,200 new shares at €1,000 per share · in cash
- 19-01-2022 Incorporation · €100,000
Mandate history
3 people, 3 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Dirk De Cuyper |
|
| Peter De Cuyper |
|
| Dirk Peter De Cuyper |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Gewone algemene vergadering in het boekjaar waarin hun mandaat volgens het benoemingsbesluit verstrijkt, tenzij het benoemingsbesluit anders…”“Elke bestuurder kan ontslag nemen door loutere kennisgeving aan raad van bestuur, bij openvallen van bestuursopdracht als gevolg van…”
Articles of association, deed of 19-01-2022 (in Dutch)
Network & group
Holdings and subsidiaries
6 holdingsHoldings 6
Source for every holding own accounts 2025
- Immo RominvestROsubsidiaryEquity €2.0mResult -€257,871100%
- Equity €176,004 Loss of €1.8m in 2025 Checked score 8650%
- Equity -€155,795 Profit of €21,637 in 2025 (profit of €101,423 in 2024) Checked score 5644.5%
- Equity €13.6m Loss of €700,376 in 2025 (loss of €60,458 in 2024) Checked score 9433.33%
- Equity €366.6m Profit of €9.5m in 2024 (profit of €28.1m in 2023) Checked score 5915%
- Equity -€27,739 Loss of €205,344 in 2025 (loss of €187,564 in 2024) Checked score 5310.12%
Companies at the same address
15 other companies- Primmodec Registered office · since 2024 1015944940
- Stichting Administratiekantoor Foresta Establishment · since 2023 1004315828
- Stichting Administratiekantoor Robusta Establishment · since 2023 1004191015
- JUDEC Registered office · since 2022 0792918184
- Bird Larsen Registered office · since 2021 0773960129
- Ecospenser Technologies Registered office · since 2021 0807674161
- Ecospenser Trading Registered office · since 2020 0676518184
- EMDEC Registered office · since 2020 0743959217
- Didec Management Registered office · since 2019 0726607006
- Fodec Management Registered office · since 2019 0726607303
Connections & network
2 current directorsThe network starts from the directors of VALUEDEC. Every other company they run is a node.
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
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
11-08
full format · 11 days late
2025
28-05
abbreviated format · 64 days before the deadline
2024
31-12
Financial
Equity above €50mequity €60.4m ▲23%
Equity rises from €49.2m to €60.4m.
21-11
Gazette deed
Capital increase of €11,333,667 to €60,633,667Amendment of the articles3 points ▸
Gazette deed
Capital increase of €11,333,667 to €60,633,667
Amendment of the articles3 points ▸
- General meeting, 12-11-2024
- Capital increase, €11,333,667
- Amendment of the articles, 5
27-06
full format · 34 days before the deadline
2022
25-03
Gazette deed
Capital increase of €49,200,000 to €49,300,000Amendment of the articles · Power of attorney6 points ▸
Gazette deed
Capital increase of €49,200,000 to €49,300,000
Amendment of the articles · Power of attorney6 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Capital increase, €49,200,000
- Other provision, “volstorting ingeschreven aandelen, voorzitter en alle vertegenwoordigde aandeelhouders” (deed in Dutch)
- Capital, €49,300,000
- Amendment of the articles, 5
- Power of attorney, Christian Van Belle
10-02
Gazette deed
Appointment: Dirk Peter De Cuyper (managing director)Power of attorney3 points ▸
Gazette deed
Appointment: Dirk Peter De Cuyper (managing director)
Power of attorney3 points ▸
- Board meeting, 24-01-2022
- Director appointment, Dirk Peter De Cuyper (managing director), mentioned 2 times in the deed
- Power of attorney, Dirk Peter De Cuyper, mentioned 2 times in the deed
19-01
Gazette deed
IncorporationStarting capital €100,000 · Appointments: Peter De Cuyper (director) and Dirk De Cuyper (director) · Founder9 points ▸
Gazette deed
Incorporation
Starting capital €100,000 · Appointments: Peter De Cuyper (director) and Dirk De Cuyper (director) · Founder9 points ▸
- Incorporation, 14-01-2022
- Founder, BELFIMA INVEST
- Founder, TRADIDEC
- Founding capital, €100,000
- Capital, €100,000
- Registered office clause, “Vlaams Gewest, 9090 Melle,Collegebaan 2C” (deed in Dutch)
- Director appointment, Peter De Cuyper (director)
- Director appointment, Dirk De Cuyper (director)
- Other provision, “afwezigheid verbodsbepaling, niet getroffen door enige verbodsbepaling voor uitoefenen bestuursmandaat” (deed in Dutch), mentioned 2 times in the deed
Financial milestoneGazette deedNBB filingFinancial 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 17 January 2022, VALUEDEC was incorporated as a public limited company by BELFIMA INVEST and TRADIDEC, with a starting capital of €100,000.12 The capital was increased 2 times between 2022 and 2024, most recently to €60.6m.34 Of the 2 current board members, 2 have served since 2022.5 Total assets went from €62.7m in 2023 to €82.8m in 2025.6
Company details
Register details
Identity
KBO recordName
VALUEDEC in Dutch
Enterprise number
0780.548.112
Legal form
Public limited company
Status
Active, normale toestand
Founded
17-01-2022
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 19-01-2022 (in Dutch)Registered office and establishments
Registered office
Collegebaan 2C, 9090 Merelbeke-Melle, Belgium
Establishment unit
VALUEDEC, Collegebaan 2C, 9090 Merelbeke-Melle since 17-01-2022 · unit number 2.326.992.28764210 Activities of holding companies
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 19-01-2022 (in Dutch)
“Het beleggen in, het intekenen op, overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen, deelbewijzen, obligaties…”
6 activities
- Het beleggen in, het intekenen op, overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen, deelbewijzen, obligaties, inschrijvingsrechten, certificaten, schuldvorderingen, gelden en andere roerende waarden uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van (handels-)vennootschappen, administratiekantoren, instellingen, verenigingen of andere rechtspersonen al dan niet met een (semi)publiekrechtelijk statuut
- Het oprichten van of op andere wijze deelnemen in publieke of private vennootschappen of ondernemingen, ook indien dit gebeurt bij wijze van voorschotten, opslorping en gehele of gedeeltelijke fusie of anderszins
- In het algemeen, het financieren van andere ondernemingen, vennootschappen en rechtspersonen van welke aard ook
- Het beheren van participaties in dochtervennootschappen, joint ventures of andere vennootschappen, het waarnemen van de functie van bestuurder of vereffenaar
- Het verstrekken van adviezen aan ondernemingen, vennootschappen en rechtspersonen op het vlak van management, directie en organisatie, en het verlenen van administratieve, consultancy, management- of andere diensten (via benoemingen of als externe raadgever)
- Het aankopen, het verkopen, het bouwen, het verhuren, het uitbaten, het beheren, het valoriseren, het verkavelen en handel drijven in alle onroerende goederen of deelbare of ondeelbare gedeelten ervan en het verlenen van persoonlijke of zakelijke rechten hierop
Invoicing and payment
VAT number
BE 0780.548.112
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of May at 18:00
deed of 19-01-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
2,448 m²
Building footprint
764 m²
Building volume
9,471 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44040D0127/00B002 | Flanders | 2,448 m² | 1 · 764 m² | 16.6 m · 4 |