valueXstream
ActiveSummary
valueXstream has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €230,105 and a net result of €2,063. Equity is growing by about 5.1% per year across the filed financial years. Its solvency ranks better than 66% of 1,677 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 4.1 FTE
- Equity
- €230,105
- Profit
- €2,063
Why 93raises riskSize: turnover €1.5m, 4.1 FTE, total assets €424,839lowers riskLiquidity: current ratio 2.31, cash €94,535, halvedSector: Computer programming, consultancy and related activities (NACE 62)Equity €230,105 (54.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 47% on solvency, 39% on liquidity, 18% on profitability and 56% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet €2,063 ▼96.5%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 79% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,904 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.0m | €1.4m | €1.3m | €1.0m | €1.2m | €1.3m | €1.3m | €1.5m | ▲ 10.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.9m | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 6.4% |
| Remuneration, social security and pensions62 | - | - | - | €0.05m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.001m | €0.001m | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 20.8% |
| Gross operating margin9900 | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 26.7% |
| Operating profit (loss)9901 | €0.04m | €0.09m | €0.08m | €0.06m | €0.08m | €0.03m | €0.08m | €0.02m | ▼ 79.1% |
| Financial income75/76B | - | - | - | €0.001m | €305 | €0.004m | €0.002m | €93 | ▼ 95.6% |
| Recurring financial income75 | - | - | - | €0.001m | €305 | €0.004m | €0.002m | €93 | ▼ 95.6% |
| Financial charges65/66B | - | - | - | €0.002m | €0.002m | €337 | €0.002m | €0.009m | ▲ 393% |
| Recurring financial charges65 | €0.001m | €356 | €122 | €0.002m | €0.002m | €337 | €0.002m | €0.009m | ▲ 393% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.09m | €0.08m | €0.06m | €0.07m | €0.03m | €0.08m | €0.009m | ▼ 89.3% |
| Income taxes67/77 | €0.01m | €0.03m | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | €0.007m | ▼ 72.0% |
| Profit (loss) for the period9904 | €0.03m | €0.06m | €0.05m | €0.04m | €0.05m | €0.02m | €0.06m | €0.002m | ▼ 96.5% |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.06m | €0.05m | €0.04m | €0.05m | €0.02m | €0.06m | €0.002m | ▼ 96.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €319,986 | €505,488 | €604,622 | €501,711 | €556,965 | €591,493 | €636,176 | €424,839 | ▼ 33.2% |
| Fixed assets21/28 | €1,249 | €624 | €50 | €50 | €125 | €125 | €0 | - | - |
| Tangible fixed assets22/27 | €1,199 | €574 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €125 | €125 | €0 | - | - |
| Current assets29/58 | €318,737 | €504,864 | €604,572 | €501,661 | €556,840 | €591,368 | €636,176 | €424,839 | ▼ 33.2% |
| Amounts receivable within one year40/41 | €195,373 | €310,015 | €240,240 | €233,371 | €424,953 | €409,831 | €223,533 | €323,273 | ▲ 44.6% |
| Trade receivables40 | - | - | - | €233,371 | €424,953 | €323,739 | €213,306 | €320,219 | ▲ 50.1% |
| Other amounts receivable41 | - | - | - | - | - | €86,092 | €10,227 | €3,054 | ▼ 70.1% |
| Cash at bank and in hand54/58 | €123,363 | €194,849 | €364,254 | €267,842 | €130,969 | €181,213 | €409,831 | €94,535 | ▼ 76.9% |
| Deferred charges and accrued income490/1 | - | - | - | €448 | €918 | €324 | €2,812 | €7,030 | ▲ 150% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €319,986 | €505,488 | €604,622 | €501,711 | €556,965 | €591,493 | €636,176 | €424,839 | ▼ 33.2% |
| Equity10/15 | €201,590 | €261,904 | €265,402 | €310,123 | €362,686 | €385,350 | €228,043 | €230,105 | ▲ 0.9% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €91,590 | €151,904 | €155,402 | €200,123 | €252,686 | €275,350 | €118,043 | €120,105 | ▲ 1.7% |
| Amounts payable17/49 | €118,396 | €243,584 | €339,221 | €191,588 | €194,279 | €206,142 | €408,134 | €194,734 | ▼ 52.3% |
| Amounts payable within one year42/48 | €118,396 | €243,584 | €339,221 | €166,588 | €149,279 | €160,356 | €398,134 | €183,871 | ▼ 53.8% |
| Trade debts44 | €67,485 | €216,314 | €258,404 | €149,789 | €119,237 | €126,828 | €149,251 | €124,099 | ▼ 16.9% |
| Suppliers440/4 | - | - | - | €149,789 | €119,237 | €126,828 | €149,251 | €124,099 | ▼ 16.9% |
| Taxes, remuneration and social security45 | - | - | - | €16,799 | €30,042 | €33,529 | €31,882 | €59,673 | ▲ 87.2% |
| Taxes450/3 | - | - | - | €4,395 | €22,163 | €21,254 | €10,190 | €12,977 | ▲ 27.4% |
| Remuneration and social security454/9 | - | - | - | €12,404 | €7,879 | €12,275 | €21,692 | €46,695 | ▲ 115% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | €217,000 | €99 | ▼ 100.0% |
| Accrued charges and deferred income492/3 | - | - | - | €25,000 | €45,000 | €45,786 | €10,000 | €10,863 | ▲ 8.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,988 | €60,314 | €53,498 | €44,721 | €52,563 | €22,665 | €59,692 | €2,063 | ▼ 96.5% |
| + Depreciation and write-downs630 | €626 | €626 | €574 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €26,613 | €60,940 | €54,071 | €44,721 | €52,563 | €22,665 | €59,692 | €2,063 | ▼ 96.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€75 | €0 | €125 | - | - |
| Change in cash | - | €71,486 | €169,405 | -€96,412 | -€136,873 | €50,244 | €228,618 | -€315,296 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 16-06-2026 | 2026-00164368 |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00187465 |
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00187273 |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00236022 |
| 31-12-2021 | abbreviated format | 01-08-2022 | 2022-20254653 |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-33800090 |
| 31-12-2019 | abbreviated format | 24-06-2020 | 2020-20200253 |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-28700076 |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-51700318 |
| 31-12-2016 | abbreviated format | 16-06-2017 | 2017-17600128 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €738 awarded · €738 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €144 | €144 |
| 2022 | 1 | €594 | €594 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 2
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| GUMPTION |
|
| KAMAX |
|
| ONESB |
|
| KAPPA MANAGEMENT |
|
Owners and capital
Owners
2 ownersChain of control
- GUMPTION
- valueXstream
Highest known parent: GUMPTION. The sources do not say who stands above it.
Owners 2
- GUMPTIONparentSourceaccounts GUMPTION 202551%
- Sourceaccounts KAMAX 202543.08%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
05-09
Gazette deed
Resignation: Kappa Management (director)Permanent representatives: Van Gasse Philip and Embrechts Bart5 facts ▸
- General meeting, 10-06-2024
- Director resignation, Kappa Management (director)
- Permanent representative, Van Gasse Philip
- Director in office, Gumption (managing director)
- Permanent representative, Embrechts Bart
18-01
Gazette deed
Reappointments: GUMPTION, KAMAX and 2 othersPermanent representatives: EMBRECHTS Bart Karel Rosa, VAN HOECK Marc Hubert Maria and 2 others · Amendment of the articles13 facts ▸
- Director reappointment, GUMPTION (director)
- Director reappointment, KAMAX (director)
- Director reappointment, OneSB (director)
- Director reappointment, KAPPA MANAGEMENT (director)
- Permanent representative, EMBRECHTS Bart Karel Rosa
- Permanent representative, VAN HOECK Marc Hubert Maria
- Permanent representative, LEYSEN Ivan
- Permanent representative, VAN GASSE Philip
- Director reappointment, GUMPTION (managing director)
- Director reappointment, KAMAX (gedelegeerd bestuurder)
- Director reappointment, GUMPTION (gedelegeerd bestuurder)
- General meeting, “buitengewone algemene vergadering van aandeelhouders, eenparigheid van stemmen” (deed in Dutch)
- +1 further fact in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11024G0018/00L000 | Flanders | 4,007 m² | 1 · 1,313 m² | 6.1 m · 1 |
How the parcels are linked
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- ValueXstream
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De raad van bestuur kan het dagelijks bestuur, alsook de vertegenwoordiging van de vennootschap wat dat bestuur aangaat, opdragen aan één of…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Enige bestuurder, geheel van bestuursbevoegdheden met mogelijkheid deel te delegeren” (deed in Dutch)“Raad van bestuur, IN GEVAL VAN MEERDERE BESTUURDERS” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 16:00