Valurus
ActiveSummary
Valurus has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.3m and a net result of €14.5m. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 1007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+14
Solvency100▲+4
Growth84▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.7 in 2024; short-term debt: 1.6% and cash: 1.3% of total assets), and 8.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.9%
Return on assets
72.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
72 d early
2024
107 d early
2023
68 d early
2022
70 d early
2021
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 74 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#2 company by equity in West Flanders, Legal and accounting sector#7 company by total assets in West Flanders, Legal and accounting sector
Turnover
€1.4m▲ 1.9%
2024 · €1.4m
EBIT margin
60.9%▼ 6.5pp
2024 · 67.5%
Net result
€14.5m▲ 2,070%
2024 · €666,683
Working capital
€34,568
2024 · -€271,399
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.4m▲ 35.1%€2.1m▲ 47.3%€1.7m▼ 19.0%€1.4m▼ 18.1%€1.4m▲ 1.9%
Operating result€1.0m▲ 24.4%€1.7m▲ 61.1%€1.2m▼ 25.7%€954,429▼ 22.3%€878,165▼ 8.0%
Net result€704,836above the sector's middle half▲ 28.9%€1.2mabove the sector's middle half▲ 65.5%€865,060above the sector's middle half▼ 25.8%€666,683above the sector's middle half▼ 22.9%€14.5mabove the sector's middle half▲ 2,070%
EBIT margin70.8%▼ 6.0pp77.5%▲ 6.6pp71.1%▼ 6.4pp67.5%▼ 3.6pp60.9%▼ 6.5pp
Equity€4.3mabove the sector's middle half▲ 12.8%€5.2mabove the sector's middle half▲ 20.0%€5.5mabove the sector's middle half▲ 6.8%€5.6mabove the sector's middle half▲ 1.2%€18.3mabove the sector's middle half▲ 226%
Total assets€7.4mabove the sector's middle half▲ 3.6%€7.5mabove the sector's middle half▲ 0.6%€7.8mabove the sector's middle half▲ 4.1%€7.8mabove the sector's middle half▲ 0.5%€19.9mabove the sector's middle half▲ 154%
Debt€2.3m▼ 9.2%€1.4m▼ 36.1%€1.4m▼ 3.0%€1.4m▼ 1.8%€760,041▼ 44.5%
Working capital-€257,509▲ 70.7%-€398,104▼ 54.6%-€128,310▲ 67.8%-€271,399▼ 112%€34,568
Solvency58.0%within the sector's middle half▲ 4.7pp69.1%above the sector's middle half▲ 11.2pp70.9%above the sector's middle half▲ 1.8pp71.5%above the sector's middle half▲ 0.5pp91.9%above the sector's middle half▲ 20.4pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 8% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.9m
Fixed assets
€19.5m ▲ 171%
Current assets
€360,315 ▼ 42.0%
Equity and liabilities €19.9m
Equity
€18.3m ▲ 226%
Provisions
€857,032 ▼ 0.5%
Debt
€760,041 ▼ 44.5%
Debt's share of the balance-sheet total falls from 17.5% to 3.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€906,500▼
2024 · €980,728
Cash flow
€14.5m▲
2024 · €692,982
Current ratio
1.11▲
2024 · 0.70
Debt to equity
0.04▼
2024 · 0.25
ROE
79.3%▲
2024 · 11.9%
ROA
72.8%▲
2024 · 8.5%
Interest coverage
11.39▼
2024 · 13.60
Debt ≤ 1 year
€325,747▼
2024 · €892,475
Debt > 1 year
€430,040▼
2024 · €473,219
Income taxes
€200,411▼
2024 · €225,997
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.5m | €2.1m | €1.7m | €1.4m | €1.5m | ▲ 2.2% |
| Turnover70 | €1.4m | €2.1m | €1.7m | €1.4m | €1.4m | ▲ 1.9% |
| Other operating income74 | €7,771 | €10,868 | €15,018 | €10,791 | €16,265 | ▲ 50.7% |
| Operating charges60/66A | €430,180 | €491,410 | €514,825 | €471,234 | €579,468 | ▲ 23.0% |
| Services and other goods61 | €425,188 | €485,002 | €488,326 | €443,247 | €549,823 | ▲ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,581 | €3,196 | €25,329 | €26,299 | €28,334 | ▲ 7.7% |
| Other operating charges640/8 | €2,411 | €3,212 | €1,171 | €1,688 | €1,310 | ▼ 22.4% |
| Operating profit (loss)9901 | €1.0m | €1.7m | €1.2m | €954,429 | €878,165 | ▼ 8.0% |
| Financial income75/76B | €1,322 | €1,247 | €2,736 | €11,060 | €13.9m | ▲ 125,316% |
| Recurring financial income75 | €1,322 | €1,247 | €2,736 | €11,060 | €1,556 | ▼ 85.9% |
| Income from current assets751 | €0 | - | - | €2,179 | €1,556 | ▼ 28.6% |
| Other financial income752/9 | €1,322 | €1,247 | €2,736 | €8,882 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | - | €13.9m | - |
| Financial charges65/66B | €87,494 | €83,835 | €76,867 | €72,809 | €80,695 | ▲ 10.8% |
| Recurring financial charges65 | €87,494 | €83,835 | €76,867 | €72,809 | €80,695 | ▲ 10.8% |
| Debt charges650 | €86,709 | €82,688 | €76,201 | €72,133 | €79,597 | ▲ 10.3% |
| Other financial charges652/9 | €785 | €1,147 | €666 | €677 | €1,097 | ▲ 62.2% |
| Profit (loss) for the period before taxes9903 | €939,719 | €1.6m | €1.2m | €892,680 | €14.7m | ▲ 1,543% |
| Income taxes67/77 | €234,883 | €403,875 | €288,465 | €225,997 | €200,411 | ▼ 11.3% |
| Taxes670/3 | €234,883 | €403,875 | €288,465 | €250,997 | €200,411 | ▼ 20.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €25,000 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €704,836 | €1.2m | €865,060 | €666,683 | €14.5m | ▲ 2,070% |
| Transfer from tax-exempt reserves789 | €0 | €53,400 | €134,350 | €269,440 | €298,910 | ▲ 10.9% |
| Transfer to tax-exempt reserves689 | €126,300 | €315,750 | €105,250 | €84,200 | €84,200 | = |
| Profit (loss) for the period to be appropriated9905 | €578,536 | €904,096 | €894,160 | €851,923 | €14.7m | ▲ 1,623% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.4m | €7.5m | €7.8m | €7.8m | €19.9m | ▲ 154% |
| Fixed assets21/28 | €7.0m | €7.2m | €7.2m | €7.2m | €19.5m | ▲ 171% |
| Tangible fixed assets22/27 | €4,540 | €121,630 | €96,301 | €88,951 | €74,107 | ▼ 16.7% |
| Furniture and vehicles24 | €1,466 | €118,128 | €93,624 | €69,777 | €45,930 | ▼ 34.2% |
| Other tangible fixed assets26 | €3,074 | €3,502 | €2,677 | €19,174 | €28,177 | ▲ 47.0% |
| Financial fixed assets28 | €7.0m | €7.1m | €7.1m | €7.1m | €19.4m | ▲ 173% |
| Affiliated companies280/1 | €6.4m | €6.4m | €6.4m | €6.4m | €19.2m | ▲ 199% |
| Participating interests280 | €6.4m | €6.4m | €6.4m | €6.4m | €19.2m | ▲ 199% |
| Companies linked by participating interests282/3 | €542,662 | €686,162 | €697,920 | €697,920 | €229,632 | ▼ 67.1% |
| Participating interests282 | €542,662 | €686,162 | €697,920 | €697,920 | €229,632 | ▼ 67.1% |
| Current assets29/58 | €476,609 | €260,662 | €577,355 | €621,076 | €360,315 | ▼ 42.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €110,624 | €131,173 | €96,319 | €22,025 | €5,056 | ▼ 77.0% |
| Trade receivables40 | €52,623 | €89,312 | €96,319 | €22,025 | €0 | ▼ 100% |
| Other amounts receivable41 | €58,001 | €41,861 | €0 | - | €5,056 | - |
| Current investments50/53 | - | - | - | €150,000 | €100,000 | ▼ 33.3% |
| Other investments51/53 | - | - | - | €150,000 | €100,000 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €364,179 | €127,038 | €480,315 | €445,698 | €253,851 | ▼ 43.0% |
| Deferred charges and accrued income490/1 | €1,806 | €2,451 | €721 | €3,353 | €1,408 | ▼ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.4m | €7.5m | €7.8m | €7.8m | €19.9m | ▲ 154% |
| Equity10/15 | €4.3m | €5.2m | €5.5m | €5.6m | €18.3m | ▲ 226% |
| Contributions10/11 | €36,900 | €36,900 | €36,900 | €36,900 | €36,900 | = |
| Revaluation surpluses12 | €1.9m | €1.9m | €1.9m | €1.9m | €74,373 | ▼ 96.0% |
| Reserves13 | €2.4m | €3.3m | €3.6m | €3.7m | €18.1m | ▲ 394% |
| Non-distributable reserves130/1 | €3,690 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €3,690 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €335,100 | €597,450 | €568,350 | €383,110 | €168,400 | ▼ 56.0% |
| Distributable reserves133 | €2.1m | €2.7m | €3.0m | €3.3m | €18.0m | ▲ 447% |
| Provisions and deferred taxes16 | €874,538 | €870,506 | €866,251 | €861,764 | €857,032 | ▼ 0.5% |
| Provisions for liabilities and charges160/5 | €874,538 | €870,506 | €866,251 | €861,764 | €857,032 | ▼ 0.5% |
| Other liabilities and charges164/5 | €874,538 | €870,506 | €866,251 | €861,764 | €857,032 | ▼ 0.5% |
| Amounts payable17/49 | €2.3m | €1.4m | €1.4m | €1.4m | €760,041 | ▼ 44.5% |
| Amounts payable after more than one year17 | €1.5m | €739,583 | €661,151 | €473,219 | €430,040 | ▼ 9.1% |
| Financial debts170/4 | €1.5m | €739,583 | €661,151 | €473,219 | €430,040 | ▼ 9.1% |
| Credit institutions173 | €1.1m | €385,698 | €214,266 | €42,834 | €0 | ▼ 100% |
| Other loans174 | €459,169 | €353,885 | €446,885 | €430,385 | €430,040 | ▼ 0.1% |
| Amounts payable within one year42/48 | €734,118 | €658,767 | €705,666 | €892,475 | €325,747 | ▼ 63.5% |
| Current portion of amounts payable after more than one year42 | €414,372 | €328,827 | €250,223 | €184,237 | €55,229 | ▼ 70.0% |
| Trade debts44 | €50,713 | €1,765 | €36,367 | €2,382 | €36,832 | ▲ 1,446% |
| Suppliers440/4 | €50,713 | €1,765 | €36,367 | €2,382 | €36,832 | ▲ 1,446% |
| Taxes, remuneration and social security45 | €15,884 | €13,422 | €64,826 | €100,281 | €57,343 | ▼ 42.8% |
| Taxes450/3 | €12,384 | €11,422 | €62,526 | €97,981 | €55,043 | ▼ 43.8% |
| Remuneration and social security454/9 | €3,500 | €2,000 | €2,300 | €2,300 | €2,300 | = |
| Other amounts payable47/48 | €253,148 | €314,752 | €354,249 | €605,574 | €176,343 | ▼ 70.9% |
| Accrued charges and deferred income492/3 | €3,500 | €41,000 | €29,316 | €4,613 | €4,254 | ▼ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €704,836 | €1.2m | €865,060 | €666,683 | €14.5m | ▲ 2,070% |
| + Depreciation and write-downs630 | €2,581 | €3,196 | €25,329 | €26,299 | €28,334 | ▲ 7.7% |
| Operating cash flow (approximation) | €707,417 | €1.2m | €890,388 | €692,982 | €14.5m | ▲ 1,992% |
| Investment in fixed assets (approximation) | - | -€263,786 | -€11,938 | -€18,949 | -€12.3m | ▼ 64,995% |
| Change in cash | - | -€237,141 | €353,277 | -€34,617 | -€191,847 | ▼ 454% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
State Gazette act
Board meeting · Name clause
Legal form clause · Registered office clause
28-07
State Gazette act
Board meeting · Merger
Name clause · Corporate purpose
28-07
State Gazette act
Board meeting · Corporate purpose
Permanent representative · Merger
28-07
State Gazette act
Board meeting · Corporate purpose
Other statement · Director in office
28-07
State Gazette act
Board composition · Permanent representative
Merger · Accounting effect
28-07
State Gazette act
Board meeting · Merger
Corporate purpose · Permanent representative
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
23-02
State Gazette act
Merger · Accounting effect
Permanent representative
23-02
State Gazette act
Merger · Accounting effect
Corporate purpose · Permanent representative
20-02
State Gazette act
Merger · Accounting effect
Corporate purpose · Permanent representative
18-02
State Gazette act
Merger · Accounting effect
Corporate purpose · Permanent representative
Show earlier events
16-02
State Gazette act
Merger · Accounting effect
Permanent representative · Share exchange
16-02
State Gazette act
Merger · Accounting effect
Corporate purpose · Permanent representative
2025
31-12
Financial
Highest result since 2018net €14.5m ▲2,070%
Net result €14.5m, the highest in the series.
31-12
Financial
Equity above €10mEq €18.3m ▲226%
8 profitable years in a row build equity to €18.3m.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
18-03
State Gazette act
Merger · Accounting effect
Permanent representative
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
14-08
State Gazette act
General meeting · Board meeting
Legal-form conversion · Director resignation
01-08
State Gazette act
General meeting · Legal-form conversion
Name change · Purpose change · Maggy VANCOPPERNOLLE
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5mEq €5.2m ▲20%
5 profitable years in a row build equity to €5.2m.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-03
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Kortrijk · 1 establishment unit since 2006
Ground area
7,253 m²
Building footprint
1,265 m²
Volume, LiDAR
11,102 m³
Parcel 34354D0147/00F000, Flanders · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NIKOLAS VANDELANOTTE BEDRIJFSREVISOR
since 20062.180.903.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0147/00F000 | Flanders | 7,253 m² | 1 · 1,265 m² | 14.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
45.8%
-
38.18%
According to the 2025 annual accounts of Valurus and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
7 locations
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Of 945 companies in sector 69203 we hold annual accounts for 661. 59 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
Founded29-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
69203Activities of company auditors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883864691
Also
9925:BE0883864691
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.