VALVIN

Active Public limited companyfounded 1996active for 30 yearsAvenue Léopold III 15, 7134 BincheKBO/BCE: BE 0456.763.201

VALVIN

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 29-08-2026, 29 days late

€71,208

▲ 28.7%

-€9,259

▲ €11,874

-€17,543

▲ €13,559

€51,090

▼ 7.8%

52.5%

▲ 6.8 percentage points

1.28

▲ 0.05

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

Turnover ≈ €280,000. Estimated: probably between €150,000 and €390,000.

Balance sheet

balance sheet total €505,434 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

52.5%

Higher than 60% of 9,902 companies in 2025.

1.28

Higher than 33% of 9,665 companies in 2025.

-3.5%

Higher than 17% of 9,780 companies in 2025.

VALVIN Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

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

Staff

€22,817

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`	505,434	619,700	640,119	660,131	644,299	653,338	640,478	694,987	701,406	792,751	1.0m	1.3m	1.3m	1.4m	866,130	555,271	372,981	460,022	569,977	464,229
`21/28`	269,798	318,896	351,580	359,737	326,167	352,170	385,995	420,494	456,129	512,994	559,306	583,683	636,435	678,995	489,652	168,499	97,648	115,339	132,527	154,019
`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,667	3,333	-	-	-	-
`22/27`	226,473	275,571	308,255	316,412	282,842	308,845	342,670	377,344	412,979	469,844	516,156	540,533	593,285	665,937	477,836	155,016	87,498	105,189	122,377	143,869
`22`	179,997	216,176	250,252	250,977	274,124	307,275	341,615	375,955	410,295	445,044	486,155	528,083	564,091	615,372	403,085	100,880	66,693	71,155	75,617	80,079
`23`	34,819	38,775	42,725	43,915	4,086	219	607	1,213	2,333	3,452	1,539	2,052	1,167	4,500	5,133	2,760	5,384	4,104	840	-
`24`	11,657	20,619	15,279	21,521	4,633	1,352	449	175	351	21,347	28,463	10,399	28,028	46,065	69,617	51,375	15,422	29,930	45,920	63,790
`28`	43,325	43,325	43,325	43,325	43,325	43,325	43,325	43,150	43,150	43,150	43,150	43,150	43,150	13,057	10,150	10,150	10,150	10,150	10,150	10,150
`29/58`	235,636	300,804	288,539	300,394	318,132	301,168	254,483	274,494	245,277	279,757	454,159	699,904	692,655	768,583	376,477	386,772	275,333	344,683	437,450	310,210
`3`	8,028	8,028	8,028	8,028	13,028	26,332	36,482	47,513	62,524	89,441	300,300	448,425	396,556	607,072	264,450	214,780	175,180	227,420	234,650	157,954
`30/36`	8,028	8,028	8,028	8,028	13,028	26,332	36,482	47,513	62,524	89,441	300,300	448,425	396,556	607,072	264,450	214,780	175,180	227,420	234,650	157,954
`40/41`	222,220	288,873	277,838	289,416	300,725	264,965	214,849	223,055	146,798	185,522	151,616	235,205	210,586	152,766	89,530	82,696	85,267	92,727	169,244	145,545
`40`	109,391	176,024	160,079	166,290	178,796	143,703	89,204	93,029	64,625	81,307	123,614	152,933	152,418	129,564	88,574	71,622	81,317	86,783	150,905	145,545
`41`	112,829	112,849	117,759	123,126	121,929	121,262	125,645	130,026	82,172	104,215	28,002	82,272	58,168	23,203	956	11,075	3,950	5,943	18,338	-
`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,093	5,093	5,093	5,093
`54/58`	680	1,559	1,107	1,517	4,056	9,798	3,088	3,862	35,956	4,554	2,117	8,079	76,523	3,027	21,039	88,872	9,363	19,443	28,463	1,618
`490/1`	4,708	2,344	1,566	1,433	323	73	64	64	-	241	127	8,195	8,990	5,719	1,459	423	430	-	-	-
Balance sheet: equity and liabilities
`10/49`	505,434	619,700	640,119	660,131	644,299	653,338	640,478	694,987	701,406	792,751	1.0m	1.3m	1.3m	1.4m	866,130	555,271	372,981	460,022	569,977	464,229
`10/15`	265,165	282,708	313,810	323,640	325,287	285,112	242,065	244,133	250,975	287,650	278,856	385,497	485,492	450,560	418,374	261,406	236,928	220,901	199,794	152,893
`10/11`	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500
`10`	62,500	62,500	62,500	-	62,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	62,500	62,500	62,500	-	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500
`13`	81,874	89,273	96,671	104,070	111,469	118,868	126,588	133,987	141,064	148,928	157,666	167,375	178,163	190,149	203,466	70,288	70,288	70,236	70,236	70,235
`130/1`	6,250	6,250	6,250	6,250	6,250	6,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	6,250	6,250	6,250	-	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,198	6,198	6,198
`1311`	-	-	-	6,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	11,586	18,985	26,384	33,783	41,181	48,580	56,300	63,699	70,777	78,641	87,379	97,087	107,875	119,861	133,179	-	-	-	-	-
`133`	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,038	64,037
`14`	120,791	130,935	154,638	157,070	151,317	103,745	52,978	47,647	47,410	76,222	58,690	155,622	244,830	197,911	152,407	128,618	104,140	87,252	65,228	17,410
`15`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	914	1,831	2,748
`16`	5,966	9,776	13,586	17,395	21,205	25,015	28,999	32,809	36,454	40,494	44,993	49,992	55,547	61,719	68,577	-	-	-	-	-
`168`	5,966	9,776	13,586	17,395	21,205	25,015	28,999	32,809	36,454	40,494	44,993	49,992	55,547	61,719	68,577	-	-	-	-	-
`17/49`	234,303	327,216	312,723	319,096	297,808	343,210	369,414	418,045	413,977	464,607	689,616	848,097	788,051	935,299	379,179	293,866	136,053	239,121	370,183	311,336
`17`	49,745	81,798	117,243	41,664	14,339	47,575	67,417	100,496	132,430	163,256	212,493	224,636	261,766	284,868	45,551	56,677	24,793	37,894	59,960	83,176
`170/4`	49,745	81,798	117,243	41,664	14,339	47,575	67,417	100,496	132,430	163,256	212,493	224,636	261,766	284,868	45,551	56,677	24,793	37,894	59,960	83,176
`42/48`	184,545	245,418	195,480	277,432	283,469	295,635	301,997	317,549	278,539	298,344	477,123	623,461	526,284	650,431	333,628	237,189	111,260	171,438	310,223	228,160
`42`	32,054	40,912	48,580	26,913	31,337	34,048	34,169	31,933	155,826	174,237	155,535	163,218	170,323	302,683	58,535	92,782	15,165	57,066	97,809	86,762
`43`	46,196	42,332	46,917	162,868	177,437	196,940	213,923	265,666	99,732	80,000	154,553	152,648	166,515	168,269	80,296	63,000	33,584	34,997	62,720	53,240
`430/8`	46,196	42,332	46,917	162,868	177,437	196,940	213,923	265,666	99,732	80,000	154,553	152,648	166,515	168,269	80,296	63,000	33,584	34,997	62,720	53,240
`44`	27,117	88,785	40,432	23,630	7,806	3,868	9,926	2,233	4,013	9,728	103,280	262,837	106,420	124,465	158,243	42,441	30,429	73,225	136,472	47,168
`440/4`	27,117	88,785	40,432	23,630	7,806	3,868	9,926	2,233	4,013	9,728	103,280	262,837	106,420	124,465	158,243	42,441	30,429	73,225	136,472	47,168
`45`	12,265	11,579	7,979	6,347	7,926	6,054	1,954	2,813	4,065	18,705	39,451	32,013	16,755	8,029	6,506	4,514	9,245	-	4,288	10,068
`450/3`	3,634	5,200	2,504	1,306	5,248	4,015	593	2,813	1,347	6,472	18,743	19,396	9,385	-	5,719	454	4,720	-	-	5,376
`454/9`	8,631	6,379	5,475	5,042	2,678	2,039	1,361	-	2,718	12,234	20,708	12,617	7,371	8,029	787	4,060	4,525	-	4,288	4,692
`47/48`	66,914	61,810	51,572	57,673	58,962	54,725	42,025	14,903	14,903	15,673	24,304	12,745	66,270	46,984	30,049	34,451	22,838	6,151	8,934	30,922
`492/3`	13	-	-	-	-	-	-	-	3,008	3,008	-	-	-	-	-	-	-	29,789	-	-
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	19,525	-	-	-	2,091	-	-	-	-	-
`9900`	71,208	55,350	81,034	79,676	128,132	115,032	60,416	50,419	39,831	142,346	109,371	145,558	254,672	227,362	412,032	143,081	150,910	163,719	211,789	171,811
`62`	22,817	20,658	19,986	19,452	14,503	13,669	4,167	-	9,415	64,418	112,110	105,859	116,018	82,855	48,836	46,647	64,300	63,241	60,524	52,701
`630`	49,098	46,283	45,077	39,480	35,164	35,487	35,347	35,635	38,544	49,345	53,729	71,645	76,975	89,717	68,243	25,872	28,147	25,755	22,892	25,013
`631/4`	-	-	-	5,000	10,000	8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`640/8`	8,552	9,542	8,158	7,516	7,009	7,692	7,252	7,262	13,286	1,798	8,885	39,929	32,725	31,501	31,377	27,955	18,692	23,741	39,182	42,608
`66A`	-	-	-	-	11,646	233	-	-	-	-	-	-	-	-	-	-19,422	-	393	-	624
`9901`	-9,259	-21,133	7,814	8,228	49,810	49,950	13,650	7,522	-21,414	26,785	-65,352	-71,875	28,954	23,289	263,577	42,606	39,771	50,982	89,192	51,489
`75/76B`	-	116	20	0	0	2,609	21	0	341	0	119	1,779	48,549	43,395	281	370	1,462	876	6,106	1,423
`75`	-	116	20	0	0	2,609	21	0	341	0	119	1,779	48,549	43,395	281	370	1,462	876	6,106	1,423
`65/66B`	11,737	13,584	21,017	13,406	13,336	13,496	19,548	17,959	19,505	22,028	65,252	34,881	46,813	41,355	24,526	28,073	17,304	19,443	27,662	25,107
`65`	11,737	13,334	21,017	13,406	13,336	13,496	19,548	17,959	19,505	22,028	65,252	34,881	46,813	41,355	24,526	28,073	17,304	19,443	27,662	25,107
`66B`	-	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	-20,996	-34,600	-13,184	-5,178	36,474	39,063	-5,878	-10,437	-40,577	4,756	-110,960	-104,977	30,690	25,329	241,423	34,325	23,929	32,022	67,636	27,181
`780`	3,810	3,810	3,810	3,810	3,810	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	357	311	456	279	110	0	0	49	137	462	680	572	1,930	0	15,878	9,847	6,989	9,998	19,817	10,919
`9904`	-17,543	-31,102	-9,830	-1,647	40,174	43,047	-2,068	-6,841	-36,675	8,794	-106,641	-99,995	34,932	32,186	156,968	24,478	16,940	22,024	47,818	16,262
`789`	7,399	7,399	7,399	7,399	7,399	7,720	7,399	7,078	7,864	8,738	9,709	10,787	11,986	13,318	14,798	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	147,976	-	-	-	-	-
`9905`	-10,144	-23,703	-2,431	5,752	47,573	50,767	5,331	236	-28,811	17,532	-96,932	-89,207	46,918	45,504	23,790	24,478	16,940	22,024	47,818	16,262
Appropriation of the result
`9906`	120,791	130,935	154,638	157,070	151,317	103,745	52,978	47,647	47,410	76,222	58,690	155,622	244,830	197,911	152,407	128,618	104,192	87,252	65,228	17,410
`14P`	130,935	154,638	157,070	151,317	103,745	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	527
`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	-	-	527
`691`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	527
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	-	-	-
`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Social balance sheet
`9087`	1	-	1	1	1	0.4	0.1	-	0.3	1.5	2.3	1.9	1.6	1.9	0.9	0.9	0.9	0.9	0.8	0.5
Hours worked`1013`	885	-	806	949	813	580	210	-	638	2,919	3,842	3,505	2,726	3,274	1,539	1,481	1,553	1,592	1,504	948
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-08-2026.

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Filings

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

2025 annual accounts filed 29 days after the deadline. Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00475580.

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	29-08-2026	2026-00475580	PDF
31-12-2024	micro format	28-08-2025	2025-00440757	PDF
31-12-2023	micro format	19-07-2024	2024-00276678	PDF
31-12-2022	micro format	02-08-2023	2023-00313915	PDF
31-12-2021	micro format	27-07-2022	2022-20284483	PDF
31-12-2020	micro format	09-06-2021	2021-18900425	PDF
31-12-2019	micro format	28-08-2020	2020-47400238	PDF
31-12-2018	micro format	29-08-2019	2019-56400174	PDF
31-12-2017	micro format	30-08-2018	2018-55900566	PDF
31-12-2016	full format	28-07-2017	2017-38200125	PDF
31-12-2015	full format	10-08-2016	2016-42400038	PDF
31-12-2014	full format	11-08-2015	2015-41700022	PDF
31-12-2013	full format	07-08-2014	2014-40500382	PDF
31-12-2012	full format	20-03-2013	2013-06900297	PDF
31-12-2011	full format	09-07-2012	2012-27600085	PDF
31-12-2010	full format	29-07-2011	2011-36600107	PDF
31-12-2009	full format	09-06-2010	2010-16200372	PDF
31-12-2008	full format	07-08-2009	2009-55400313	PDF
31-12-2007	full format	14-07-2008	2008-40700191	PDF
31-12-2006	full format	06-06-2007	2007-19400014	PDF
31-12-2005	full format	25-07-2006	2006-52600818	PDF
31-12-2004	full format	28-07-2005	2005-58703732	PDF
31-12-2003	full format	24-08-2004	2004-61100985	PDF
31-12-2002	full format	29-07-2003	2003-53104763	PDF
31-12-2001	full format	16-10-2002	2002-66401063	PDF
31-12-2000	full format	24-08-2001	2001-52303009	PDF
31-12-1999	full format	03-10-2000	2000-61602654	PDF
31-12-1998	full format	20-10-1999	1999-54004551	PDF
31-12-1997	full format	23-04-1998	1998-07402102	PDF
31-12-1996	full format	11-08-1997	1997-37202706	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
39,839	25,150	52,891	47,709	84,974	85,437	48,997	43,157	17,130	76,130	-11,624	-230	105,929	113,006	331,819	68,478	67,918	76,737	112,083	76,502
31,555	15,181	35,247	37,834	75,338	78,534	33,279	28,794	1,869	58,139	-52,912	-28,350	111,907	121,903	225,211	50,350	45,087	47,779	70,710	41,275
0	13,599	36,920	73,050	9,162	1,662	848	0	3,026	3,033	39,329	18,893	37,322	279,060	415,223	107,582	10,457	8,567	1,400	54,298
-880	452	-409	-2,539	-5,742	6,710	-774	-32,094	31,402	2,437	-5,962	-68,444	73,496	-18,012	-67,833	79,509	-10,080	-9,020	26,845	-
51,090	55,386	93,059	22,962	34,663	5,532	-47,514	-43,055	-33,262	-18,586	-22,964	76,442	166,371	118,152	42,849	149,583	164,073	173,245	127,227	82,050
52.5%	45.6%	49.0%	49.0%	50.5%	43.6%	37.8%	35.1%	35.8%	36.3%	27.5%	30.0%	36.5%	31.1%	48.3%	47.1%	63.5%	48.0%	35.1%	32.9%
1.28	1.23	1.48	1.08	1.12	1.02	0.84	0.86	0.88	0.94	0.95	1.12	1.32	1.18	1.13	1.63	2.47	2.01	1.41	1.36
1.23	1.19	1.43	1.05	1.08	0.93	0.72	0.71	0.66	0.64	0.32	0.40	0.56	0.25	0.34	0.73	0.90	0.68	0.65	0.67
0.88	1.16	1.00	0.99	0.92	1.20	1.53	1.71	1.65	1.62	2.47	2.20	1.62	2.08	0.91	1.12	0.57	1.08	1.85	2.04
-6.6%	-11.0%	-3.1%	-0.5%	12.4%	15.1%	-0.9%	-2.8%	-14.6%	3.1%	-38.2%	-25.9%	7.2%	7.1%	37.5%	9.4%	7.1%	10.0%	23.9%	10.6%
-3.5%	-5.0%	-1.5%	-0.2%	6.2%	6.6%	-0.3%	-1.0%	-5.2%	1.1%	-10.5%	-7.8%	2.6%	2.2%	18.1%	4.4%	4.5%	4.8%	8.4%	3.5%
3.39	1.89	2.52	3.56	6.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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.

Social balance sheet

Item	31-12-2025	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	1	1	1
part-time	1	1	1	1
in full-time equivalents	0.5	0.5	0.5	0.5
	0.5	0.5	0.6	0.9
On a permanent contract	1	1	1	1
Joined	-	-	3	-
Left	-	-	3	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€13,599	€36,920	€73,050	€9,162
	€49,098	€46,283	€45,077	€39,480	€35,164

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

Insights on VALVIN

The operating result for 2025 is a loss of €9,259, smaller than the loss of €21,133 in 2024.

Debt's share of the balance-sheet total falls from 52.8% to 46.4%. Equity and debt are lower.

Next steps

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency52.5%

Current ratio1.28

Return on assets-3.5%

Staff

Staff cost per FTE€22,817

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on VALVIN

Next steps

in euro

in euro

52.5%

1.28

-3.5%

€22,817