VALUMAR

Active Public limited companyfounded 1988active for 38 yearsGroeningestraat 17, 8500 KortrijkKBO/BCE: BE 0434.485.665

VALUMAR

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 08-06-2026, 53 days before the deadline

€327,755

▲ 38.1%

€85,541

▼ 38.4%

€290,819

▲ 17.9%

€194,993

▲ 17.5%

20.2%

▲ 3.0 percentage points

0.05

▼ 0.03

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €500,000. Estimated: probably between €390,000 and €910,000.

Balance sheet

balance sheet total €3.2m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

20.2%

Higher than 22% of 10,633 companies in 2025.

0.05

Lower than 95% of 10,285 companies in 2025.

-0.3%

Higher than 20% of 10,548 companies in 2025.

VALUMAR Middle half of the sector 80% of the sector Abbreviated accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	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`	3.2m	2.8m	2.6m	1.6m	1.6m	1.7m	1.8m	2.0m	3.2m	3.2m	3.3m	3.1m	3.3m	3.7m	4.0m	2.5m	2.3m	2.0m	2.1m	2.1m
`20`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`21/28`	3.2m	2.8m	2.5m	1.6m	1.6m	1.7m	1.7m	1.8m	2.6m	2.8m	3.0m	2.8m	3.0m	3.4m	3.7m	2.3m	2.0m	1.9m	1.8m	1.9m
`21`	266,934	-	-	-	-	-	-	-	6,199	0	0	571	1,142	1,713	2,284	0	0	0	0	-
`22/27`	2.9m	2.3m	2.0m	1.1m	1.1m	1.2m	1.2m	1.3m	2.1m	2.3m	2.5m	2.8m	3.0m	3.3m	3.7m	2.3m	2.0m	1.9m	1.8m	1.9m
`22`	2.9m	2.3m	2.0m	1.1m	1.1m	1.2m	1.2m	1.3m	1.8m	2.0m	2.3m	2.6m	2.8m	3.2m	3.4m	2.0m	1.7m	1.8m	1.7m	1.8m
`23`	-	-	-	-	-	-	-	-	22,286	28,017	37,132	51,568	37,243	27,072	30,542	11,216	21,791	31,093	27,331	24,514
`24`	3,779	-	-	-	-	310	619	-	58,810	89,084	119,877	111,305	25,507	39,439	57,000	24,347	5,850	14,376	22,596	28,087
`26`	-	-	-	-	-	-	-	-	179,828	227,048	30,877	62,800	94,723	126,646	176,667	238,264	314,171	32,879	36,549	73,098
`27`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	18,311	-
`28`	-	512,940	512,940	512,940	512,940	512,940	512,940	512,940	512,940	512,940	512,940	0	500	500	500	500	500	500	500	500
`29/58`	40,380	39,293	47,425	28,175	10,552	44,621	82,173	189,583	563,849	397,853	329,472	353,808	309,462	340,554	304,572	275,224	255,737	162,602	308,174	164,936
`29`	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-
`290`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`291`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`3`	-	-	-	-	-	-	-	-	84,256	107,066	109,767	84,156	94,459	98,927	86,909	61,681	44,255	50,827	59,297	53,246
`30/36`	-	-	-	-	-	-	-	-	84,256	107,066	109,767	84,156	94,459	98,927	86,909	61,681	44,255	50,827	59,297	53,246
`37`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`40/41`	14,288	14,706	16,095	203	973	33,609	80,659	153,035	275,109	241,494	179,931	183,693	181,818	140,755	198,894	137,097	156,853	65,239	70,847	48,786
`40`	788	1,206	-	-	413	-	2,504	16,705	83,873	98,248	90,374	87,178	84,188	48,558	53,667	38,904	64,027	27,276	42,242	43,525
`41`	13,500	13,500	16,095	203	560	33,609	78,155	136,330	191,236	143,246	89,557	96,515	97,630	92,196	145,227	98,193	92,826	37,963	28,605	5,261
`50/53`	-	-	-	-	-	-	-	-	140,000	0	0	0	0	0	0	0	0	0	0	-
`54/58`	26,092	24,588	28,373	25,121	8,869	10,186	-	36,548	51,763	48,455	39,077	85,959	33,185	82,474	15,338	74,471	37,497	36,804	165,416	54,405
`490/1`	-	-	2,956	2,851	709	827	1,514	-	12,721	838	698	0	0	18,399	3,432	1,975	17,132	9,733	12,613	8,499
Balance sheet: equity and liabilities
`10/49`	3.2m	2.8m	2.6m	1.6m	1.6m	1.7m	1.8m	2.0m	3.2m	3.2m	3.3m	3.1m	3.3m	3.7m	4.0m	2.5m	2.3m	2.0m	2.1m	2.1m
`10/15`	653,461	482,880	424,703	475,782	434,188	408,146	390,002	456,900	750,447	1.2m	1.3m	1.4m	1.3m	1.4m	1.4m	1.5m	913,435	917,620	1.3m	1.2m
`10/11`	189,000	61,500	61,500	61,500	61,500	61,500	61,500	111,262	64,130	564,130	564,130	564,130	564,130	64,130	64,130	64,130	64,130	64,130	469,016	469,016
`10`	189,000	61,500	61,500	61,500	61,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	189,000	61,500	61,500	61,500	61,500	61,500	61,500	111,262	320,114	820,114	820,114	820,114	820,114	320,114	320,114	320,114	320,114	320,114	725,000	725,000
`101`	-	-	-	-	-	-	-	-	255,984	255,984	255,984	255,984	255,984	255,984	255,984	255,984	255,984	255,984	255,984	255,984
`11`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`1100/10`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`12`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`13`	464,461	421,380	408,782	414,053	371,244	343,986	324,627	340,612	670,069	625,737	669,891	772,202	728,908	1.3m	1.3m	1.5m	823,288	824,314	776,655	687,782
`130/1`	23,390	23,390	23,390	23,390	23,390	23,390	-	-	-	-	-	-	0	0	0	0	0	0	0	-
`130`	23,390	23,390	23,390	23,390	23,390	23,390	23,390	23,390	67,295	67,295	62,295	58,795	52,485	47,485	47,485	47,485	47,485	47,485	47,485	37,485
`1312`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`1319`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`132`	63,086	71,044	79,003	84,274	84,274	84,274	84,274	84,274	161,406	229,280	297,154	365,280	437,236	527,208	637,795	772,425	198,304	218,937	246,642	280,307
`133`	377,986	326,946	306,390	306,390	263,580	236,322	216,963	232,948	441,368	329,162	310,442	348,127	239,187	734,503	578,715	639,607	577,498	557,892	482,528	369,990
`14`	-	-	-45,579	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`15`	-	-	-	229	1,444	2,660	3,875	5,026	16,248	17,318	18,388	19,457	20,527	21,597	22,667	23,844	26,018	29,176	32,334	35,492
`19`	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-
`16`	-	-	34,667	35,034	35,439	35,844	36,250	36,720	343,081	272,126	431,140	372,330	397,156	419,123	451,210	480,707	177,046	168,507	167,004	174,529
`160/5`	-	-	34,667	34,667	34,667	34,667	34,667	34,667	253,240	146,784	270,297	175,857	163,081	140,182	117,250	79,830	70,810	50,015	32,620	21,175
`160`	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`161`	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`162`	-	-	34,667	34,667	34,667	34,667	34,667	34,667	253,240	146,784	-	-	-	-	-	-	-	-	-	-
`163`	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`168`	-	-	-	367	773	1,178	1,583	2,053	89,841	125,342	160,843	196,473	234,075	278,941	333,960	400,877	106,236	118,492	134,384	153,354
`17/49`	2.6m	2.3m	2.1m	1.1m	1.2m	1.3m	1.4m	1.5m	2.1m	1.8m	1.6m	1.4m	1.6m	1.9m	2.2m	515,215	1.2m	934,146	696,500	708,776
`17`	1.8m	1.8m	1.6m	600,000	600,000	600,000	600,000	889,000	340,000	391,000	442,000	-	0	21,950	65,774	109,598	153,422	197,246	241,070	284,894
`170/4`	1.8m	1.8m	1.6m	600,000	600,000	600,000	600,000	889,000	340,000	391,000	442,000	-	0	21,950	65,774	109,598	153,422	197,246	241,070	284,894
`175`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`176`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`178/9`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`42/48`	785,666	471,260	471,993	483,811	556,132	671,741	786,350	602,442	1.7m	1.3m	1.2m	1.4m	1.6m	1.8m	2.1m	402,617	1.0m	732,754	452,052	419,733
`42`	70,935	43,179	41,461	-	-	-	-	51,000	51,000	51,000	51,000	0	21,950	43,824	43,824	43,824	43,824	43,824	43,824	43,824
`43`	-	-	-	-	-	133,000	241,472	-	935,000	1.1m	1.0m	1.2m	1.4m	1.5m	1.8m	0	635,647	535,000	0	-
`430/8`	-	-	-	-	-	133,000	241,472	-	935,000	1.1m	1.0m	1.2m	1.4m	1.5m	1.8m	0	635,647	535,000	0	-
`439`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`44`	13,591	11,269	4,999	3,378	497	496	247	-	114,733	57,850	57,073	116,577	55,935	64,334	105,271	120,602	170,371	55,596	79,580	73,797
`440/4`	13,591	11,269	4,999	3,378	497	496	247	-	114,733	57,850	57,073	116,577	55,935	64,334	105,271	120,602	170,371	55,596	79,580	73,797
`441`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`46`	-	-	-	-	-	-	-	-	65	0	0	0	0	0	0	0	125,000	0	0	-
`45`	21,620	24,672	3,183	4,759	21,199	17,286	16,279	9,238	129,824	124,831	71,090	111,655	92,882	86,232	39,725	34,474	30,118	53,518	24,704	36,414
`450/3`	21,620	24,672	3,183	4,759	21,199	17,286	16,279	9,238	58,609	36,773	6,684	45,982	18,554	4,661	3,321	3,321	1,412	3,624	818	818
`454/9`	-	-	-	-	-	-	-	-	71,215	88,058	64,406	65,673	74,328	81,571	36,403	31,153	28,706	49,894	23,886	35,596
`47/48`	679,520	392,140	422,349	475,674	534,436	520,958	528,352	542,204	504,330	29,117	624	1,966	51,975	120,193	154,533	203,717	1,643	44,816	303,944	265,698
`492/3`	28,680	28,132	6,987	1,361	11,510	14,823	14,719	8,202	-	23,701	12,019	8,300	9,047	13,160	7,212	3,000	2,987	4,146	3,378	4,149
Income statement
`70`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`76A`	-	-	-	-	-	-	-	-	-	0	0	7,628	0	0	0	897,154	0	0	0	-
`9900`	327,755	237,309	175,486	148,623	130,346	123,452	136,807	243,360	1.6m	1.2m	1.2m	1.3m	1.2m	1.3m	976,807	849,690	743,414	802,395	816,841	764,662
`60/61`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`62`	-	-	-	-	-	-	-	-	812,364	707,181	600,246	679,139	649,785	659,461	520,653	443,705	394,756	377,521	336,922	324,279
`630`	205,278	107,723	194,723	58,905	59,215	59,215	59,463	87,324	545,161	495,547	459,705	461,176	472,128	538,079	618,915	332,181	294,469	274,925	225,468	241,364
`631/4`	-	-	-	-	-	-	-	-	3,527	0	0	0	0	0	0	0	0	0	0	-
`635/8`	-	-34,667	-	-	-	-	-	-	106,456	-116,250	99,873	81	22,898	22,932	37,420	9,020	20,795	17,395	11,445	12,175
`640/8`	36,936	25,343	12,679	11,370	10,992	10,909	10,272	315	30,680	15,175	14,613	16,049	17,675	15,358	16,949	10,504	12,004	10,493	15,742	5,006
`649`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`66A`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`9901`	85,541	138,911	-31,916	78,347	60,138	53,327	67,072	155,721	108,485	76,567	25,691	116,557	-8,004	41,827	-217,129	54,280	21,390	122,061	227,264	181,838
`75/76B`	-	0	246	1,298	1,229	2,239	3,119	4,814	35,932	9,604	8,012	10,670	10,403	8,127	35,113	11,802	8,007	7,188	11,273	6,571
`75`	-	0	246	1,298	1,229	2,239	3,119	4,814	35,932	9,604	8,012	10,670	10,403	8,127	35,113	11,802	8,007	7,188	11,273	6,571
`76B`	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`65/66B`	95,826	76,305	19,547	15,561	20,718	24,136	29,867	35,109	54,368	50,601	44,570	67,774	56,813	39,138	80,423	28,833	42,685	51,047	47,233	57,839
`65`	95,826	76,305	19,547	15,561	20,718	24,136	29,867	35,109	54,368	50,601	44,570	67,774	56,813	39,138	80,423	28,833	42,685	51,047	47,233	57,839
`66B`	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`9903`	-10,284	62,606	-51,217	64,084	40,649	31,431	40,323	125,427	90,050	35,570	-10,866	67,082	-54,414	10,817	-262,439	934,404	-13,289	78,202	191,304	130,570
`780`	-	-	367	405	405	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	-0	4,429	-	21,680	12,996	11,677	16,756	45,715	81,218	46,732	27,075	61,390	15,185	634	0	3,533	-6	9,435	36,401	35,968
`9904`	-10,284	58,177	-50,850	42,809	28,058	20,159	24,037	80,182	44,332	24,339	-2,311	43,294	-24,733	65,202	-195,522	636,230	-1,027	84,660	173,872	108,133
`789`	7,959	7,959	5,271	-	-	-	-	-	67,874	67,874	68,125	71,956	89,972	110,587	134,630	18,000	20,633	27,705	33,665	27,061
`689`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	592,122	0	0	0	-
`9905`	-2,326	66,135	-45,579	42,809	28,058	20,159	24,037	80,182	112,206	92,213	65,815	115,250	65,240	175,788	-60,892	62,109	19,606	112,365	207,537	135,194
Appropriation of the result
`9906`	-35,853	20,557	-45,579	42,809	28,058	20,159	24,037	80,182	112,206	92,213	65,815	115,250	65,240	175,788	-60,892	62,109	19,606	112,365	207,537	135,194
`14P`	-33,527	-45,579	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	35,853	-	-	-	-	-	-	-	-	68,493	100,000	0	555,556	0	60,892	0	0	0	0	-
`691/2`	-	20,557	-	42,809	27,258	19,359	23,225	79,542	112,206	92,213	65,815	115,250	65,240	155,788	0	62,109	19,606	75,365	122,537	125,194
`691`	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-
`6920`	-	-	-	-	-	-	-	-	-	5,000	3,500	6,310	5,000	0	0	0	0	0	10,000	7,000
`6921`	-	20,557	-	42,809	27,258	19,359	23,225	79,542	112,206	87,213	62,315	108,940	60,240	155,788	0	62,109	19,606	75,365	112,537	118,194
`694/7`	-	-	-	-	800	800	812	640	-	68,493	100,000	-	555,556	20,000	0	0	0	37,000	85,000	10,000
`694`	-	-	-	-	800	800	812	640	-	68,493	100,000	0	555,556	0	0	0	0	0	0	-
`695`	-	-	-	-	-	-	-	-	-	0	0	0	0	20,000	0	0	0	37,000	85,000	10,000
`696`	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	-	-	-	-	-	-	18.9	16.9	15.1	16.1	16.4	17.4	15.5	13.8	11.9	11.3	11.1	11.9
Hours worked`1013`	-	-	-	-	-	-	-	-	35,550	31,040	25,459	28,319	27,604	29,656	25,897	23,665	21,015	20,340	19,608	20,216
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The accounts for 18 older financial years (1988-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 08-06-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	08-06-2026	2026-00143952	PDF
31-12-2024	abbreviated format	29-04-2025	2025-00078957	PDF
31-12-2023	abbreviated format	06-06-2024	2024-00112230	PDF
31-12-2022	abbreviated format	29-06-2023	2023-00173675	PDF
31-12-2021	abbreviated format	18-06-2022	2022-20071817	PDF
31-12-2020	abbreviated format	26-07-2021	2021-40000258	PDF
31-12-2019	abbreviated format	11-06-2020	2020-16100371	PDF
31-12-2018	abbreviated format	22-07-2019	2019-35700324	PDF
31-12-2017	abbreviated format	21-06-2018	2018-21300177	PDF
31-12-2016	abbreviated format	21-06-2017	2017-20100497	PDF
31-12-2015	abbreviated format	01-06-2016	2016-14600115	PDF
31-12-2014	abbreviated format	24-06-2015	2015-21100025	PDF
31-12-2013	abbreviated format	19-08-2014	2014-44000222	PDF
31-12-2012	abbreviated format	14-06-2013	2013-17300177	PDF
31-12-2011	abbreviated format	24-07-2012	2012-32400492	PDF
31-12-2010	abbreviated format	26-08-2011	2011-43900113	PDF
31-12-2009	abbreviated format	18-06-2010	2010-18600063	PDF
31-12-2008	abbreviated format	17-07-2009	2009-42500341	PDF
31-12-2007	abbreviated format	01-07-2008	2008-31600005	PDF
31-12-2006	abbreviated format	10-07-2007	2007-36900174	PDF
31-12-2005	abbreviated format	21-06-2006	2006-27600443	PDF
31-12-2004	abbreviated format	30-05-2005	2005-18003828	PDF
31-12-2003	abbreviated format	18-06-2004	2004-27100001	PDF
31-12-2002	abbreviated format	17-06-2003	2003-25104344	PDF
31-12-2001	abbreviated format	18-07-2002	2002-39500672	PDF
31-12-2000	abbreviated format	01-10-2001	2001-60601415	PDF
31-12-1999	abbreviated format	19-07-2000	2000-44005116	PDF
31-12-1998	abbreviated format	04-06-1999	1999-14603225	PDF
31-12-1997	abbreviated format	14-08-1998	1998-40601915	PDF
31-12-1996	abbreviated format	29-10-1997	1997-51002751	PDF
31-12-1995	abbreviated format	07-06-1996	1996-14002046	PDF
31-12-1994	abbreviated format	30-05-1995	1995-10303357	PDF
31-12-1993	abbreviated format	07-07-1994	1994-28001933	PDF
31-12-1992	abbreviated format	15-06-1993	1993-13201778	PDF
31-12-1991	abbreviated format	08-09-1992	1992-31001378	PDF
31-12-1990	abbreviated format	04-09-1991	1991-24204976	PDF
31-12-1989	abbreviated format	11-07-1990	1990-16703254	PDF
31-12-1988	abbreviated format	02-11-1989	1989-25103429	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
290,819	246,633	162,807	137,252	119,353	112,542	126,535	243,045	653,646	572,114	485,397	577,733	464,123	579,907	401,786	386,462	315,859	396,986	452,732	423,202
194,993	165,900	143,873	101,714	87,273	79,374	83,500	167,505	589,494	519,887	457,394	504,470	447,395	603,281	423,393	968,411	293,442	359,584	399,340	349,497
569,628	351,235	1.2m	0	0	0	929	-713,626	342,378	340,793	656,444	253,679	128,382	186,693	2.1m	955,458	434,556	299,260	148,145	49,548
1,504	-3,786	3,252	16,252	-1,317	-	-	-15,216	3,308	9,378	-46,882	52,775	-49,289	67,136	-59,133	36,974	693	-128,613	111,011	-
-745,286	-431,967	-424,568	-455,636	-545,580	-627,119	-704,177	-412,859	-1.2m	-940,243	-851,441	-1.1m	-1.3m	-1.5m	-1.8m	-127,392	-750,867	-570,152	-143,878	-254,797
20.2%	17.2%	16.5%	29.8%	26.5%	23.6%	21.3%	22.9%	23.7%	37.3%	37.7%	43.1%	39.6%	37.8%	33.7%	60.8%	40.5%	45.4%	59.7%	57.4%
0.05	0.08	0.10	0.06	0.02	0.07	0.10	0.31	0.32	0.30	0.28	0.25	0.19	0.18	0.14	0.68	0.25	0.22	0.68	0.39
0.05	0.08	0.10	0.06	0.02	0.07	0.10	0.31	0.28	0.22	0.19	0.19	0.13	0.13	0.10	0.53	0.21	0.15	0.55	0.27
3.95	4.83	4.99	2.28	2.69	3.15	3.59	3.28	2.76	1.45	1.31	1.05	1.22	1.35	1.63	0.33	1.27	1.02	0.54	0.59
-1.6%	12.0%	-12.0%	9.0%	6.5%	4.9%	6.2%	17.5%	5.9%	2.0%	-0.2%	3.2%	-1.9%	4.7%	-14.5%	41.1%	-0.1%	9.2%	13.6%	9.1%
-0.3%	2.1%	-2.0%	2.7%	1.7%	1.2%	1.3%	4.0%	1.4%	0.8%	-0.1%	1.4%	-0.7%	1.8%	-4.9%	25.0%	0.0%	4.2%	8.1%	5.2%
3.03	3.23	8.33	8.82	5.76	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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.

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	-	€1.0m	-	-	-
Debts guaranteed by Belgian public bodies	€1.2m	-	€832,282	-	-
Mortgages, amount registered	€50,000	€50,000	€1.3m	-	-
	€1.3m	€1.3m	-	-	-
Carrying value of the mortgaged assets	€1.8m	€1.3m	€1.0m	-	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€296,865	€351,235	€1.2m	-	-
Intangible fixed assets	€272,762	-	-	-	-
	€205,278	€107,723	€194,723	€58,905	€59,215

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VALUMAR

The operating result for 2025 is 38% lower than in 2024.

Debt's share of the balance-sheet total falls from 82.8% to 79.8%. Equity and debt are higher.

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency20.2%

Current ratio0.05

Return on assets-0.3%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on VALUMAR

Next steps

in euro

in euro

20.2%

0.05

-0.3%