Losses
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
The last five annual accounts were filed 7 to 39 days before the end of the period.
Higher solvency than 95% of companies in head offices and management consultancy. Sector median 52.4% · 10,858 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 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 86% of them on solvency, 55% on liquidity, 29% on profitability and 34% 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 31-12-2025.
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, 12,322 companies had the same profile as VALUES has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VALUES itself: < 0.1% within 12 months.
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 12,322 companies, not a prediction for VALUES. 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 ample, with a current ratio of 59.81, above the usual 1.5. Short-term debt is 0.8% and cash 10.7% of total assets. 1.1% of the assets are financed with debt and provisions.
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 7 accounts on average 25 days before 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 | ||||
|---|---|---|---|---|
| VALUES Ostend | €345,345 | €6,839 | 98.9% | - |
| CHYVMAR Kortrijk | €385,028 | €7,656 | -759.9% | - |
| ROCRIDEL Wevelgem | €304,959 | €7,194 | 85.4% | - |
| MEEREMANS CONSULTING Kortrijk | €293,748 | €7,368 | 42.0% | - |
| ETA Boechout | €357,936 | €7,004 | 21.3% | - |
| CARSA INTERNATIONAL Ixelles | €375,558 | €6,225 | 88.3% | - |
| SMETS CONSULTANCY Pelt | €386,416 | €7,264 | 74.0% | - |
These companies have the same main activity as VALUES: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €294,000 and €386,000, founded between 1990 and 1995.
VALUES files the abbreviated format. That format states no turnover. The gross margin fell from €56,123 in 2006 to €6,839 in 2025.
In November 2023, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €27,000. Estimated: probably between €12,000 and €68,000.
Higher than 95% of 10,858 companies in 2025.
Higher than 95% of 10,480 companies in 2025.
Higher than 13% of 10,727 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
345,345 | 354,222 | 366,482 | 375,862 | 369,908 | 367,812 | 367,091 | 372,173 | 362,064 | 346,893 | 347,058 | 334,037 | 319,778 | 305,213 | 283,837 | 263,498 | 269,469 | 320,860 | 364,936 | 398,307 | |
21/28 |
182,739 | 195,337 | 205,647 | 218,809 | 173,057 | 174,911 | 172,539 | 183,449 | 186,360 | 197,019 | 180,503 | 187,734 | 191,223 | 198,778 | 196,627 | 204,478 | 212,999 | 229,213 | 255,120 | 277,297 | |
22/27 |
182,739 | 195,337 | 205,647 | 218,809 | 173,057 | 174,911 | 172,539 | 183,449 | 186,360 | 197,019 | 180,503 | 187,734 | 191,223 | 198,778 | 196,627 | 204,478 | 212,999 | 229,213 | 255,120 | 277,297 | |
22 |
96,928 | 103,887 | 115,082 | 122,041 | 129,000 | 131,725 | 138,684 | 145,643 | 152,603 | 159,562 | 166,522 | 173,481 | 180,440 | 187,400 | 194,359 | 201,318 | 208,278 | 215,237 | 222,196 | 229,156 | |
23 |
85,812 | 91,450 | 90,565 | 96,768 | 44,056 | 43,187 | 33,855 | 37,805 | 33,757 | 37,456 | 13,981 | 14,254 | 10,783 | 11,379 | 2,268 | 3,160 | 4,607 | 6,053 | 17,117 | 25,007 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 115 | 7,923 | 15,807 | 23,135 | |
29/58 |
162,605 | 158,885 | 160,835 | 157,053 | 196,851 | 192,901 | 194,552 | 188,724 | 175,704 | 149,874 | 166,555 | 146,303 | 128,554 | 106,434 | 87,210 | 59,020 | 56,470 | 91,647 | 109,816 | 121,010 | |
40/41 |
5,458 | 3,023 | 2,074 | 1,441 | 3,303 | 1,644 | 1,532 | 5,866 | 4,402 | 10,175 | 4,491 | 5,822 | 5,789 | 9,461 | 4,614 | 4,924 | 3,078 | 3,269 | 609 | 7,356 | |
40 |
5,091 | 3,023 | 2,063 | 1,210 | 2,590 | 1,390 | 1,370 | 2,582 | 4,402 | 4,352 | 4,435 | 5,694 | 5,661 | 9,316 | 4,345 | 4,791 | 1,815 | 2,225 | - | - | |
41 |
366 | 0 | 11 | 231 | 713 | 254 | 162 | 3,284 | - | 5,823 | 56 | 127 | 127 | 145 | 269 | 133 | 1,263 | 1,044 | 609 | 7,356 | |
50/53 |
120,000 | - | - | - | 0 | 46,757 | 46,719 | 46,675 | 46,628 | 46,580 | 46,403 | 46,009 | 45,376 | 44,707 | 43,934 | 43,178 | 42,432 | 71,333 | 93,240 | - | |
54/58 |
36,827 | 155,579 | 157,523 | 155,359 | 193,312 | 144,282 | 146,301 | 136,183 | 124,674 | 93,037 | 115,661 | 94,472 | 77,070 | 49,292 | 38,662 | 10,918 | 8,998 | 13,020 | 8,116 | 113,653 | |
490/1 |
320 | 283 | 1,238 | 253 | 236 | 218 | - | - | - | 82 | - | - | 320 | 2,975 | - | - | 1,963 | 4,025 | 7,851 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
345,345 | 354,222 | 366,482 | 375,862 | 369,908 | 367,812 | 367,091 | 372,173 | 362,064 | 346,893 | 347,058 | 334,037 | 319,778 | 305,213 | 283,837 | 263,498 | 269,469 | 320,860 | 364,936 | 398,307 | |
10/15 |
341,676 | 352,894 | 363,007 | 365,808 | 366,156 | 364,374 | 364,093 | 365,267 | 359,459 | 346,829 | 342,091 | 331,960 | 318,807 | 304,363 | 281,597 | 261,813 | 258,978 | 288,452 | 314,062 | 324,616 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
12 |
6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
13 |
273,676 | 284,894 | 295,007 | 297,808 | 298,156 | 296,374 | 296,069 | 297,020 | 291,420 | 278,795 | 274,060 | 249,350 | 236,200 | 206,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
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 | 6,200 | 6,200 | |
133 |
267,476 | 278,694 | 288,807 | 291,608 | 291,956 | 290,174 | 289,869 | 290,820 | 285,220 | 272,595 | 267,860 | 243,150 | 230,000 | 200,000 | - | - | - | - | - | - | |
14 |
- | - | - | - | - | 0 | 24 | 247 | 39 | 34 | 31 | 14,610 | 14,607 | 30,163 | 207,397 | 187,613 | 184,778 | 214,252 | 239,862 | 250,416 | |
17/49 |
3,669 | 1,328 | 3,475 | 10,054 | 3,752 | 3,438 | 2,997 | 6,905 | 2,605 | 64 | 4,966 | 2,077 | 971 | 850 | 2,240 | 1,685 | 10,491 | 32,408 | 50,874 | 73,691 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,916 | 29,747 | 49,579 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,916 | 29,747 | 49,579 | |
42/48 |
2,719 | 1,328 | 3,475 | 9,104 | 2,802 | 3,438 | 827 | - | 2,605 | 64 | 4,966 | 2,077 | 971 | 850 | 2,240 | 1,685 | 10,491 | 22,492 | 21,127 | 24,113 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,916 | 19,831 | 19,831 | 19,831 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
44 |
2,719 | 1,300 | 1,300 | 8,421 | 2,212 | 2,786 | 66 | - | - | 64 | 1,936 | - | 609 | - | 474 | 16 | 433 | 1,350 | 1,295 | 1,574 | |
440/4 |
2,719 | 1,300 | 1,300 | 8,421 | 2,212 | 2,786 | 66 | - | - | 64 | 1,936 | - | 609 | - | 474 | 16 | 433 | 1,350 | 1,295 | 1,574 | |
45 |
0 | 28 | 2,175 | 683 | 591 | 652 | 761 | - | 2,605 | - | 3,030 | 2,077 | 362 | 850 | 1,766 | 1,670 | 142 | 1,311 | - | 2,707 | |
450/3 |
0 | 28 | 2,175 | 683 | 591 | 652 | 761 | - | 2,605 | - | 3,030 | 2,077 | 362 | 850 | 1,766 | 1,670 | 142 | 1,311 | - | 2,707 | |
492/3 |
950 | - | 0 | 950 | 950 | 0 | 2,171 | 6,905 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
6,839 | 7,430 | 14,389 | 14,247 | 16,604 | 13,943 | 11,389 | 21,591 | 32,563 | 20,349 | 26,250 | 23,986 | 23,181 | 31,477 | 28,198 | 12,515 | -11,197 | 1,160 | 18,082 | 56,123 | |
630 |
15,529 | 15,091 | 15,336 | 12,890 | 12,851 | 11,868 | 10,910 | 10,886 | 10,658 | 10,976 | 8,227 | 8,454 | 7,957 | 7,917 | 7,851 | 8,521 | 16,214 | 25,907 | 26,069 | 25,654 | |
640/8 |
2,499 | 2,424 | 1,829 | 1,673 | 1,643 | 1,632 | 1,566 | 1,678 | 1,517 | 3,146 | 1,490 | 1,783 | 1,545 | 1,688 | 1,404 | 1,384 | 1,522 | 1,474 | 1,635 | 1,331 | |
9901 |
-11,188 | -10,085 | -2,777 | -316 | 2,110 | 442 | -1,087 | 9,027 | 20,387 | 6,226 | 16,534 | 13,749 | 13,679 | 21,872 | 18,942 | 2,611 | -28,933 | -26,222 | -9,623 | 29,138 | |
75/76B |
- | - | - | - | 0 | 48 | 51 | 56 | 56 | 209 | 483 | 784 | 824 | 948 | 907 | 888 | 1,307 | 3,650 | 3,312 | 2,263 | |
75 |
- | - | - | - | 0 | 48 | 51 | 56 | 56 | 209 | 483 | 784 | 824 | 948 | 907 | 888 | 1,307 | 3,650 | 3,312 | 2,263 | |
65/66B |
30 | 29 | 24 | 24 | 68 | 210 | 138 | 107 | 104 | 81 | 60 | 64 | 59 | 55 | 65 | 664 | 1,848 | 3,038 | 4,243 | 5,427 | |
65 |
30 | 29 | 24 | 24 | 68 | 210 | 138 | 107 | 104 | 81 | 60 | 64 | 59 | 55 | 65 | 664 | 1,848 | 3,038 | 4,243 | 5,427 | |
9903 |
-11,218 | -10,113 | -2,801 | -340 | 2,042 | 281 | -1,174 | 8,976 | 20,339 | 6,354 | 16,957 | 14,469 | 14,444 | 22,765 | 19,784 | 2,835 | -29,474 | -25,610 | -10,553 | 25,974 | |
67/77 |
- | - | 0 | 8 | 260 | - | - | 3,168 | 7,709 | 1,616 | 6,826 | 1,315 | - | - | - | - | - | - | - | 7,181 | |
9904 |
-11,218 | -10,113 | -2,801 | -348 | 1,782 | 281 | -1,174 | 5,808 | 12,630 | 4,738 | 10,131 | 13,154 | 14,444 | 22,765 | 19,784 | 2,835 | -29,474 | -25,610 | -10,553 | 18,794 | |
9905 |
-11,218 | -10,113 | -2,801 | -348 | 1,782 | 281 | -1,174 | 5,808 | 12,630 | 4,738 | 10,131 | 13,154 | 14,444 | 22,765 | 19,784 | 2,835 | -29,474 | -25,610 | -10,553 | 18,794 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-11,218 | -10,113 | -2,801 | -348 | 1,782 | 305 | -927 | 5,847 | 12,664 | 4,769 | 24,741 | 27,760 | 44,607 | 230,163 | 207,397 | 187,613 | 184,778 | 214,252 | 239,862 | 250,416 | |
14P |
- | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
11,218 | 10,113 | 2,801 | 348 | - | 0 | 951 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 0 | 1,782 | 305 | - | 5,600 | 12,625 | 4,735 | 24,710 | 13,150 | 30,000 | 200,000 | - | - | - | - | - | - | |
6921 |
- | - | - | 0 | 1,782 | 305 | - | 5,600 | 12,625 | 4,735 | 24,710 | 13,150 | 30,000 | 200,000 | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 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 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00227482 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00313579 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00258119 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00152671 | |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20189483 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-25900494 | |
| 31-12-2019 | abbreviated format | 27-06-2020 | 2020-22500422 | |
| 31-12-2018 | abbreviated format | 29-06-2019 | 2019-29400086 | |
| 31-12-2017 | abbreviated format | 23-06-2018 | 2018-22800552 | |
| 31-12-2016 | abbreviated format | 24-06-2017 | 2017-22000356 | |
| 31-12-2015 | abbreviated format | 24-06-2016 | 2016-24000580 | |
| 31-12-2014 | abbreviated format | 02-07-2015 | 2015-26500152 | |
| 31-12-2013 | abbreviated format | 26-06-2014 | 2014-22900412 | |
| 31-12-2012 | abbreviated format | 25-06-2013 | 2013-22500122 | |
| 31-12-2011 | abbreviated format | 22-06-2012 | 2012-21200324 | |
| 31-12-2010 | abbreviated format | 24-06-2011 | 2011-22500167 | |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-24100498 | |
| 31-12-2008 | abbreviated format | 29-06-2009 | 2009-31000042 | |
| 31-12-2007 | abbreviated format | 27-06-2008 | 2008-32900035 | |
| 31-12-2006 | abbreviated format | 22-06-2007 | 2007-25800262 | |
| 31-12-2005 | abbreviated format | 23-06-2006 | 2006-29403911 | |
| 31-12-2004 | abbreviated format | 23-06-2005 | 2005-32204266 | |
| 31-12-2003 | abbreviated format | 25-06-2004 | 2004-32502459 | |
| 31-12-2002 | abbreviated format | 16-06-2003 | 2003-24400070 | |
| 31-12-2001 | abbreviated format | 28-06-2002 | 2002-30601394 | |
| 31-12-2000 | abbreviated format | 27-06-2001 | 2001-28201372 | |
| 31-12-1999 | abbreviated format | 29-06-2000 | 2000-32603822 | |
| 31-12-1998 | abbreviated format | 08-06-1999 | 1999-15603005 | |
| 31-12-1997 | abbreviated format | 08-07-1998 | 1998-31003270 | |
| 31-12-1996 | abbreviated format | 13-06-1997 | 1997-15404566 | |
| 31-12-1995 | abbreviated format | 05-06-1996 | 1996-13200049 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,341 | 5,006 | 12,559 | 12,574 | 14,961 | 12,311 | 9,823 | 19,913 | 31,046 | 17,202 | 24,760 | 22,202 | 21,636 | 29,789 | 26,794 | 11,132 | -12,719 | -314 | 16,447 | 54,792 | ||
| 4,311 | 4,977 | 12,535 | 12,542 | 14,632 | 12,149 | 9,736 | 16,694 | 23,288 | 15,714 | 18,358 | 21,607 | 22,401 | 30,682 | 27,636 | 11,356 | -13,260 | 298 | 15,516 | 44,447 | ||
| 2,931 | 4,781 | 2,175 | 58,642 | 10,996 | 14,241 | 0 | 7,975 | 0 | 27,492 | 995 | 4,965 | 402 | 10,068 | 0 | 0 | 0 | 0 | 3,892 | 1,180 | ||
| -118,752 | -1,945 | 2,164 | -37,952 | 49,030 | -2,019 | 10,118 | 11,508 | 31,637 | -22,624 | 21,189 | 17,402 | 27,777 | 10,630 | 27,745 | 1,920 | -4,022 | 4,904 | -105,538 | - | ||
| 159,886 | 157,557 | 157,360 | 147,950 | 194,049 | 189,463 | 193,725 | - | 173,099 | 149,810 | 161,589 | 144,226 | 127,583 | 105,585 | 84,971 | 57,335 | 45,979 | 69,155 | 88,689 | 96,897 | ||
| 98.9% | 99.6% | 99.1% | 97.3% | 99.0% | 99.1% | 99.2% | 98.1% | 99.3% | 100.0% | 98.6% | 99.4% | 99.7% | 99.7% | 99.2% | 99.4% | 96.1% | 89.9% | 86.1% | 81.5% | ||
| 59.81 | - | 46.29 | 17.25 | 70.25 | 56.11 | - | - | 67.45 | - | 33.54 | 70.44 | - | - | 38.94 | 35.03 | 5.38 | 4.07 | 5.20 | 5.02 | ||
| 0.01 | 0.00 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.04 | 0.11 | 0.16 | 0.23 | ||
| -3.3% | -2.9% | -0.8% | -0.1% | 0.5% | 0.1% | -0.3% | 1.6% | 3.5% | 1.4% | 3.0% | 4.0% | 4.5% | 7.5% | 7.0% | 1.1% | -11.4% | -8.9% | -3.4% | 5.8% | ||
| -3.2% | -2.9% | -0.8% | -0.1% | 0.5% | 0.1% | -0.3% | 1.6% | 3.5% | 1.4% | 2.9% | 3.9% | 4.5% | 7.5% | 7.0% | 1.1% | -10.9% | -8.0% | -2.9% | 4.7% | ||
| over 100 | over 100 | over 100 | over 100 | over 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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,931 | €4,781 | €2,175 | €58,642 | €10,996 |
| €15,529 | €15,091 | €15,336 | €12,890 | €12,851 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €11,188, larger than the loss of €10,085 in 2024. It is the lowest result since 2009.
Debt's share of the balance-sheet total rises from 0.4% to 1.1%. Equity is lower and debt is higher.
VALUES has no parent and no holdings in its annual accounts.
| ARJUSTIM
registered office since 28-02-1994 · founded in 1994 |
total assets €368,493 (2025) 0452.071.072 |
| TIE - BREAK via Frank Verdonck (at VALUES until 2023) and Wim Verdonck (at VALUES until 2023) · Director · deed of 16-08-2023 founded in 1986 |
total assets €682,360 (2023) |
| POPELIN via Sofie Verdonck, at VALUES until 2023 · Statutory director · deed of 26-07-2019 founded in 2019 |
total assets €138,470 (2025) |
| Rotary Club Oostende ter Streep via VERDONCK Katrien, no longer at Rotary Club Oostende ter Streep · Director · deed of 13-08-2019 |
founded in 2010 |
| Vlaamse Conferentie der Balie van Gent via Sofie Verdonck, at VALUES until 2023 · Director · deed of 01-08-2019 |
founded in 2019 |
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Prinsenlaan 42 registered office 8400 Ostend 6920101 Certified accountants and tax accountants | 28-12-1994 | 2.069.513.311 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35383C0341/00C008 | 190 m² | 1 · 109 m² | 14.4 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.