Equity
€265,165 from €485,492 in 2013
Equity fell by 45% in 12 years.
VALVIN
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €412,032 (2011)
€71,208▲ 28.7%
lowest -€106,641 (2015)
-€17,543▲ €13,559
peak €485,492 (2013)
€265,165▼ 6.2%
€234,303▼ 28.4%
peak 2.3 FTE (2015)
-not published
Board3 names since 2019
2 directorsGARIN Arthur Paul Pierre and 1 other
Documentsfilings and deeds
29-08-202629 days late
2025abbreviated format
Gross margin from €55,350 to €71,208Loss of €17,543Debts from €327,216 to €234,303Cash from €1,559 to €680
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 39% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%▼ -0.2 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.5 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.28, cash €680, halved
Loss of €17,543, the second in a row (financial year 2025)
lowers risk
Founded in 1996
Size: total assets €505,434
Calculation
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 46, micro). It does better than 59% of them on solvency, 31% on liquidity, 34% on profitability and 30% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as VALVIN has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VALVIN itself: 0.2% within 12 months.
Test of the method
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 VALVIN. 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.
Credit verdict
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.28 (1.23 in 2024), below the usual 1.5. Short-term debt is 36.5% and cash 0.1% of total assets. 47.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,543
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
29 days late
2024
28 days late
2023
12 days early
2022
2 days late
2021
4 days early
2020
52 days early
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0456763201
2 directors appointed, 1 resignation
Resignation: Valérie MESTDAGH · Appointments: Vincent GARIN (managing director) and Arthur Paul Pierre GARIN · “Toutesopérationsserapportantauxactivitéssuivantes:management,conseilengestion,marketing,stratégie,venteetcomme…” (deed in French) · Gazette deed
First establishment
VALVIN SA, Avenue Léopold III 15, Binche
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VALVIN Binche | €0.5m | €71,208 | 52.5% | - |
| Textiel Troch Sint-Niklaas | €0.4m | €105,667 | 29.6% | - |
| ESFERAS Antwerp | €0.7m | €104,843 | 8.4% | - |
| BANDALUX BELUX Brussels | €0.3m | €95,529 | 92.6% | - |
| KARSAM EUROPE Anderlecht | €1.1m | €43,876 | 9.5% | - |
| FASHIONATION 29 Ghent | €0.4m | €127,052 | 23.2% | - |
| Tentconcepts Schoten | €1.1m | €226,598 | 26.1% | 3 |
These companies have the same main activity as VALVIN: wholesale trade (NACE 46419). They are comparable in size and age: total assets between €281,000 and €1.1m, founded between 1987 and 2008.
Official details
Source: KBO- Status
- Active since 03-01-1996Normal situation
- Activity
- Wholesale tradeNACE 46419and 2 others
- Establishment unit
- 2.074.688.6567134 Binche, since 20-07-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Annual accounts 2025
- ≈ €280,000estimated
- €505,434▼ 18.4%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 29-08-2026
Insights on VALVIN
VALVIN files the abbreviated format. That format states no turnover. The gross margin fell from €171,811 in 2006 to €71,208 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VALVIN
- What is the company number of VALVIN?
- The company number of VALVIN is 0456.763.201. The VAT number is the same number with BE in front: BE 0456.763.201.
- Where is VALVIN based?
- The registered office is at Avenue Léopold III 15, 7134 Binche.Company details
- What does VALVIN do?
- According to the KBO register, the main activity is wholesale trade (NACE 46419).
- What is the legal form of VALVIN?
- VALVIN is a public limited company (NV).
- When was VALVIN founded?
- VALVIN was founded on 03-01-1996.
- Is VALVIN still active?
- Yes, VALVIN is an active enterprise in the KBO register.
- How many employees does VALVIN have?
- VALVIN had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of VALVIN?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €71,208 and 32 comparable companies (NACE 464). It probably lies between €150,000 and €390,000.
- Is VALVIN profitable?
- In financial year 2025, VALVIN made a loss of €17,543.
- Where can I find the annual accounts of VALVIN?
- VALVIN filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VALVIN due?
- VALVIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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