VALVAN IMMO
ActiveSummary
VALVAN IMMO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.7m and a net result of €332,755. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74=
Solvency100▲+6
Growth32=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650,000 at 30 days acceptable
Liquidity ample (current ratio 20.7 against 2.73 in 2024; short-term debt: 3.9% of total assets), and 3.9% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
96.1%
Return on assets
4.2%
Age of the figures
9 mo
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 30-03-2026, 123 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
123 d early
2024
55 d early
2023
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 76 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 6 June (3 of the last 3 filed years within 68 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?VALTECH · 20 companies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by equity in Menen, Real estate sector#6 company by total assets in Menen, Real estate sector
Equity
€7.7m▲ 0.4%
2024 · €7.7m
Total assets
€8.0m▼ 27.9%
2024 · €11.1m
Net result
€332,755▼ 30.1%
2024 · €476,323
Working capital
€6.1m▲ 2.0%
2024 · €6.0m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€133,400-€182,980▲ 37.2%€201,217▲ 10.0%
Net result€527,303above the sector's middle half-€476,323above the sector's middle half▼ 9.7%€332,755above the sector's middle half▼ 30.1%
Equity€9.9mabove the sector's middle half-€7.7mabove the sector's middle half▼ 23.0%€7.7mabove the sector's middle half▲ 0.4%
Total assets€10.5mabove the sector's middle half-€11.1mabove the sector's middle half▲ 5.9%€8.0mabove the sector's middle half▼ 27.9%
Debt€532,594-€3.4m▲ 546%€309,357▼ 91.0%
Working capital€9.0mabove the sector's middle half-€6.0mabove the sector's middle half▼ 33.4%€6.1mabove the sector's middle half▲ 2.0%
Solvency94.9%above the sector's middle half-69.0%above the sector's middle half▼ 25.9pp96.1%above the sector's middle half▲ 27.1pp
Current ratio17.83above the sector's middle half-2.73within the sector's middle half▼ 15.0920.70above the sector's middle half▲ 17.97
Return on assets (ROA)5.0%within the sector's middle half-4.3%within the sector's middle half▼ 0.7pp4.2%within the sector's middle half▼ 0.1pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.0m
Fixed assets
€1.6m ▼ 5.2%
Current assets
€6.4m ▼ 32.0%
Equity and liabilities €8.0m
Equity
€7.7m ▲ 0.4%
Debt
€309,357 ▼ 91.0%
Debt's share of the balance-sheet total falls from 31.0% to 3.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€331,229▲
2024 · €318,335
Cash flow
€462,766▼
2024 · €611,678
Debt to equity
0.04▼
2024 · 0.45
ROE
4.3%▼
2024 · 6.2%
Interest coverage
919.39▼
2024 · 1593.91
Debt ≤ 1 year
€309,244▼
2024 · €3.4m
Income taxes
€10,918▲
2024 · €2,108
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,656 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- solvency 30% or more
- a profit under 5% of the balance sheet
- without age
0.1%
went bankrupt
2.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 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% | 1.0% |
| 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% 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 2,656 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.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €325,559 | €135,355 | €130,012 | ▼ 3.9% |
| Other operating charges640/8 | €49,540 | €51,430 | €53,958 | ▲ 4.9% |
| Gross operating margin9900 | €508,499 | €369,765 | €385,187 | ▲ 4.2% |
| Operating profit (loss)9901 | €133,400 | €182,980 | €201,217 | ▲ 10.0% |
| Financial income75/76B | €396,615 | €295,650 | €143,919 | ▼ 51.3% |
| Recurring financial income75 | €396,615 | €295,650 | €143,919 | ▼ 51.3% |
| Financial charges65/66B | €54 | €200 | €1,463 | ▲ 632% |
| Recurring financial charges65 | €54 | €200 | €360 | ▲ 80.4% |
| Non-recurring financial charges66B | - | - | €1,103 | - |
| Profit (loss) for the period before taxes9903 | €529,961 | €478,430 | €343,673 | ▼ 28.2% |
| Income taxes67/77 | €2,658 | €2,108 | €10,918 | ▲ 418% |
| Profit (loss) for the period9904 | €527,303 | €476,323 | €332,755 | ▼ 30.1% |
| Profit (loss) for the period to be appropriated9905 | €527,303 | €476,323 | €332,755 | ▼ 30.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10.5m | €11.1m | €8.0m | ▼ 27.9% |
| Fixed assets21/28 | €987,354 | €1.7m | €1.6m | ▼ 5.2% |
| Tangible fixed assets22/27 | €987,354 | €971,655 | €883,269 | ▼ 9.1% |
| Land and buildings22 | €834,062 | €854,307 | €800,634 | ▼ 6.3% |
| Plant, machinery and equipment23 | €153,293 | €117,348 | €82,635 | ▼ 29.6% |
| Financial fixed assets28 | - | €714,299 | €714,299 | = |
| Current assets29/58 | €9.5m | €9.4m | €6.4m | ▼ 32.0% |
| Amounts receivable within one year40/41 | €9.1m | €9.1m | €6.4m | ▼ 30.2% |
| Trade receivables40 | €59,191 | €0 | - | - |
| Other amounts receivable41 | €9.0m | €9.1m | €6.4m | ▼ 30.2% |
| Cash at bank and in hand54/58 | €38,664 | €0 | - | - |
| Deferred charges and accrued income490/1 | €396,615 | €272,088 | €22,718 | ▼ 91.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10.5m | €11.1m | €8.0m | ▼ 27.9% |
| Equity10/15 | €9.9m | €7.7m | €7.7m | ▲ 0.4% |
| Contributions10/11 | €368,129 | €368,129 | €368,129 | = |
| Reserves13 | €9.6m | €7.3m | €7.3m | ▲ 0.5% |
| Tax-exempt reserves132 | €7.3m | €7.3m | €7.3m | = |
| Distributable reserves133 | €2.3m | €0 | €32,755 | - |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Investment grants15 | €16,672 | €16,672 | €16,672 | = |
| Amounts payable17/49 | €532,594 | €3.4m | €309,357 | ▼ 91.0% |
| Amounts payable within one year42/48 | €532,594 | €3.4m | €309,244 | ▼ 91.0% |
| Trade debts44 | €522 | €673,791 | €8,326 | ▼ 98.8% |
| Suppliers440/4 | €522 | €673,791 | €8,326 | ▼ 98.8% |
| Taxes, remuneration and social security45 | €2,658 | €0 | €918 | - |
| Taxes450/3 | €2,658 | €0 | €918 | - |
| Other amounts payable47/48 | €529,414 | €2.8m | €300,000 | ▼ 89.2% |
| Accrued charges and deferred income492/3 | - | - | €113 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €527,303 | €476,323 | €332,755 | ▼ 30.1% |
| + Depreciation and write-downs630 | €325,559 | €135,355 | €130,012 | ▼ 3.9% |
| Operating cash flow (approximation) | €852,862 | €611,678 | €462,766 | ▼ 24.3% |
| Investment in fixed assets (approximation) | - | -€833,955 | -€41,626 | ▲ 95.0% |
| Change in cash | - | -€38,664 | - | - |
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
08-05
State Gazette act
Appointment: RSM INTERAUDIT (statutory auditor)Permanent representatives: Jonas Uytterhaegen and Peter Vandeputte5 facts ▸
State Gazette act
Appointment: RSM INTERAUDIT (statutory auditor)
Permanent representatives: Jonas Uytterhaegen and Peter Vandeputte5 facts ▸
- General meeting, 26-03-2026
- Auditor appointment, RSM INTERAUDIT (statutory auditor)
- Permanent representative, Jonas Uytterhaegen (permanent representative)
- Director in office, VENCO (director)
- Permanent representative, Peter Vandeputte (permanent representative)
05-05
State Gazette act
RestructuringPermanent representatives: Peter Vandeputte, Luk Ghekiere and Dieter Wittouck · Demerger · Capital35 facts ▸
State Gazette act
Restructuring
Permanent representatives: Peter Vandeputte, Luk Ghekiere and Dieter Wittouck · Demerger · Capital35 facts ▸
- Permanent representative, Peter Vandeputte (permanent representative)
- Permanent representative, Luk Ghekiere (permanent representative)
- Director in office, NV VENCO (day-to-day manager)
- Permanent representative, Peter Vandeputte (permanent representative)
- Director in office, CommV VIDRO (director)
- Permanent representative, Dieter Wittouck (permanent representative)
- Demerger, partiele splitsing door overneming, equity value of transferred assets and liabilities per 31-12-2025
- Capital
- Capital
- Share issue, vergoeding voor de overname van een deel van haar vermogen, 7488
- Capital
- Accounting effect, 01-01-2026
- +23 further facts in this act
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
12-02
State Gazette act
Capital & shares · RestructuringMerger · Accounting effect · Share cancellation9 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Accounting effect · Share cancellation9 facts ▸
- General meeting, 19-12-2025
- Merger, absorption, met fusie door overname gelijkgestelde verrichting (geruisloze fusie)
- Accounting effect, 01-01-2026
- Share cancellation, aandelen van de overgenomen vennootschap ingetrokken en vernietigd
- Real estate, Een magazijn op en met grond en aanhorigheden gelegen Krommebeekstraat nummer 18, Menen
- Purpose change, uitbreiding met de activiteiten van de overgenomen vennootschap
- Power of attorney, VALVAN IMMO
- Shareholding, 100%
- Asset transfer basis, staat van activa en passiva per 31 december 2025
2025
31-12
Financial
Weakest financial yearnet €332,755 ▼30.1%
Net result drops to €332,755, the lowest in the series.
31-12
Financial
Liquidity times 8current ratio 20.70
Current ratio from 2.73 to 20.70; short-term debt falls from €3.4m to €309,244.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 3 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
Statutory auditor 1
RSM INTERAUDIT
CurrentStatutory auditor · since 26-03-2026 · perm. rep.: Jonas Uytterhaegen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Menen · 1 establishment unit since 2022
Ground area
5.3 ha
Building footprint
1.6 ha
Volume, LiDAR
111,604 m³
2 parcels, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
VALVAN IMMO
since 20222.330.903.268
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34372B0339/00A000 | Flanders | 3.8 ha | 1 · 6,781 m² | - |
| 34372B0280/00N000 | Flanders | 1.5 ha | 1 · 9,601 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| RSM INTERAUDIT |
|
Articles of association
Purpose
Het vervoer van alle goederen langs de weg, door de lucht, voor eigen rekening en voor rekening van derden, alsmede het laden, lossen en manipuleren van goederen; Het uitbaten van…
Full purpose (21 activities)
- Het vervoer van alle goederen langs de weg, door de lucht, voor eigen rekening en voor rekening van derden, alsmede het laden, lossen en manipuleren van goederen
- Het uitbaten van een herstellingsplaats voor motorvoertuigen
- Handel in motorvoertuigen, onderdelen en toebehoren
- Het uitbaten van een constructiewerkhuis voor machines en toebehoren, algemene mechaniek
- Alle handelingen in verband met het beheer van vennootschappen en natuurlijke personen, het advies en de opleiding van vennootschappen en natuurlijke personen op het vlak van marketing, management, verkoopspolitiek, administratie en secretariaat
- Het verlenen van secretariaatsdiensten, het verstrekken van allerhande diensten met uitzondering van de gereglementeerde diensten
- Het beheer, het verwerven, de instandhouding en valorisatie van een roerend en onroerend vermogen, zoals de huurfinanciering van onroerende goederen aan derden, alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
- Het nemen van participaties onder welke vorm ook in alle vennootschappen in België of in het buitenland, onderschrijvingen, overdrachten of ruilingen, al dan niet om er het bestuur van te controleren of om er gewoon een aandeel in te hebben, alsook de aankoop, verkoop en ruiling van alle effecten; onder om het even welke vorm: in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen
- Uitoefenen van opdrachten en functies
- Het ontwikkelen, kopen, verkopen, in aanverwante immateriële duurzame activa: licentie nemen of geven van octrooien, knowhow en
- Het verlenen van administratieve prestaties en computerservices
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in het kort tussenpersoon in de handel
- Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen
- Alle activiteiten, zowel in België als in het buitenland met betrekking tot: ontwerpen, bouwen, commercialiseren, import, export van machines en metalen voorwerpen allerhande, volumecontainers, eurodincontainers, systemen voor het sorteren, transporteren en verwerken van afvalstromen, milieusystemen
- Ontwerpen, bouwen, commercialiseren, import, export van balen persen en hun toebehoren, stationaire persen met bijhorende perscontainers, monobloc-containerpersen, slibontwateringscontainers, ADR-containers, tankcontainers, kantel- en kipcontainers en - installaties en aanverwante producten
- Ontwerpen, bouwen, commercialiseren van (grond)waterzuiveringsstations
- Ontwerpen, bouwen, commercialiseren, import, export van hydraulische en pneumatische persen in het algemeen
- Ontwerpen, bouwen, commercialiseren, import, export van manipulatoren
- Toepassen of laten toepassen van oppervlaktebehandelingstechnieken op metalen
- Reconditionering - herstellen - zand- en/of staalstralen - spuiten - voltooiingswerken van metalen, containers en aanverwante producten
- Alle verrichtingen van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen
Other statement
Recht te delen in de winst, De naar aanleiding van de voormelde voorgestelde partiële splitsing uitgereikte aandelen in de overnemende vennootschap, zullen deze…
1 more provision on this in the deed
Structure & network
Part of the group
VALTECH
20 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- VALTECH
- VALVAN IMMO
Highest known parent: VALTECH. The sources do not say who stands above it.
Owners 1
- VALTECHparentSourceaccounts VALTECH 2025100%
Holdings 1
-
100%
According to the 2025 annual accounts of VALVAN IMMO 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
No current directors or connected companies found in the register.
Acquisitions and mergers
2 transactionsTook over:REDELTRANS
Received in a demerger part of:VALVAN BALING SYSTEMS
Similar companies · same sector, comparable size
ALVA IMMO
BE 0417.780.879
Waasmunster · Eq €7,704,336
UNITER
BE 0461.293.101
Watermaal-Bosvoorde · Eq €7,708,782
JERAM
BE 0414.072.115
Gent · Eq €7,716,624
COMPAGNIE FINANCIERE, IMMOBILIERE ET INDUSTRIELLE ALFI
BE 0402.385.296
Chaudfontaine · Eq €7,659,248
IMMO PASTURE
BE 0889.004.901
Beaumont · Eq €7,658,141
Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 2,545 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
Founded31-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784312603
Also
9925:BE0784312603
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.