VALE
ActiveSummary
VALE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €37k. Equity is shrinking by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 301 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+58
Solvency30▲+3
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.4 in 2024; short-term debt: 94.2% and cash: 2.7% of total assets), and 94.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 · 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
5.4%
Return on assets
3.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 301 sector peers (2025).
NBB · sector comparisonPosition among 301 sector peers
Solvency
better than 23%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 d early
2024
6 d early
2023
12 d late
2022
4 d late
2021
19 d late
2020
12 d late
2019
3 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€369k
EBIT margin
17.6%
Net result
€37k
2024 · €-69k
2019: €-46k
2020: €95k▲ +308% vs 2019highest in 7 years
2021: €-1k▼ -101% vs 2020
2022: €-2k▼ -61.0% vs 2021
2023: €-50k▼ -2335% vs 2022
2024: €-69k▼ -37.9% vs 2023lowest in 7 years
2025: €37k▲ +154% vs 2024
2019 → 2025
Working capital
€-1.01M▼ 193%
2024 · €-344k
2019: €-264k
2020: €-135k▲ +48.9% vs 2019
2021: €-91k▲ +33.0% vs 2020highest in 7 years
2022: €-100k▼ -10.6% vs 2021
2023: €-229k▼ -129% vs 2022
2024: €-344k▼ -50.4% vs 2023
2025: €-1.01M▼ -193% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€369k
Equity€148k-€146k▼ 1.4%€96k▼ 34.1%€28k▼ 71.2%€65k▲ 135%
2021: €148khighest in 5 years
2022: €146k▼ -1.4% vs 2021
2023: €96k▼ -34.1% vs 2022
2024: €28k▼ -71.2% vs 2023lowest in 5 years
2025: €65k▲ +135% vs 2024
Operating result€50k-€33k▼ 33.6%€7k▼ 79.9%€-32k€65k
2021: €50k
2022: €33k▼ -33.6% vs 2021
2023: €7k▼ -79.9% vs 2022
2024: €-32k▼ -570% vs 2023lowest in 5 years
2025: €65k▲ +306% vs 2024highest in 5 years
Net result€-1k-€-2k▼ 61.0%€-50k▼ 2,335%€-69k▼ 37.9%€37k
2021: €-1k
2022: €-2k▼ -61.0% vs 2021
2023: €-50k▼ -2335% vs 2022
2024: €-69k▼ -37.9% vs 2023lowest in 5 years
2025: €37k▲ +154% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €65k after a loss of €32k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€1.08M ▲ 3.5%
Current assets
€118k ▼ 47.7%
Equity and liabilities €1.19M
Equity
€65k ▲ 135%
Debt
€1.13M ▼ 8.9%
Debt's share of the balance-sheet total falls from 97.8% to 94.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€120k▲
2024 · €16k
Cash flow
€92k▲
2024 · €-21k
Current ratio
0.11▼
2024 · 0.40
Quick ratio
0.10▼
2024 · 0.38
Debt to equity
17.36▼
2024 · 44.69
ROE
57.4%▲
2024 · -247.5%
ROA
3.1%▲
2024 · -5.4%
Interest coverage
4.38▲
2024 · 0.39
Debt ≤ 1 year
€1.13M▲
2024 · €571k
Debt > 1 year
€2k▼
2024 · €668k
Staff costs
€6k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€1.19M▼
Fixed assets21/28€1.04M€1.08M▲
Tangible fixed assets22/27€1.04M€1.08M▲
Land and buildings22€949k€1.00M▲
Plant, machinery and equipment23€54k€45k▼
Furniture and vehicles24€32k€29k▼
Assets under construction and advance payments27€4k€0▼
Financial fixed assets28-€210
Other financial fixed assets284/8-€210
Amounts receivable and cash guarantees285/8-€210
Current assets29/58€227k€118k▼
Stocks and contracts in progress3€11k€7k▼
Stocks30/36€11k€7k▼
Goods purchased for resale34-€7k
Amounts receivable within one year40/41€79k€72k▼
Trade receivables40€79k€72k▼
Other amounts receivable41€258€25▼
Cash at bank and in hand54/58€133k€33k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.19M▼
Equity10/15€28k€65k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€-82k€-45k▲
Amounts payable17/49€1.24M€1.13M▼
Amounts payable after more than one year17€668k€2k▼
Financial debts170/4€668k€0▼
Credit institutions173-€0
Other loans174-€0
Advances received on contracts in progress176-€2k
Amounts payable within one year42/48€571k€1.13M▲
Current portion of amounts payable after more than one year42€97k€668k▲
Trade debts44€68k€36k▼
Suppliers440/4€68k€36k▼
Advances received on contracts in progress46€3k€0▼
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€1k€540▼
Remuneration and social security454/9€1k€921▼
Other amounts payable47/48€400k€420k▲
Accrued charges and deferred income492/3€283€2k▲
Income statement
Code20242025
Operating income70/76A-€376k
Turnover70-€369k
Other operating income74-€7k
Operating charges60/66A-€311k
Goods for resale, raw materials and consumables60-€99k
Purchases600/8-€95k
Change in stocks: decrease (increase)609-€4k
Services and other goods61-€112k
Remuneration, social security and pensions62€14k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€55k▲
Other operating charges640/8€28k€38k▲
Non-recurring operating charges66A€439€0▼
Gross operating margin9900€59k-
Operating profit (loss)9901€-32k€65k▲
Financial income75/76B€5k€276▼
Recurring financial income75€5k€276▼
Income from current assets751-€0
Other financial income752/9-€276
Financial charges65/66B€42k€28k▼
Recurring financial charges65€42k€28k▼
Debt charges650-€27k
Other financial charges652/9-€624
Profit (loss) for the period before taxes9903€-69k€37k▲
Profit (loss) for the period9904€-69k€37k▲
Profit (loss) for the period to be appropriated9905€-69k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-82k€-45k▲
Profit (loss) brought forward from the previous period14P€-14k€-82k▼
Social balance
Average headcount (FTE)9087-0.3
The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €376k | - |
| Turnover70 | - | - | - | - | €369k | - |
| Other operating income74 | - | - | - | - | €7k | - |
| Operating charges60/66A | - | - | - | - | €311k | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €99k | - |
| Purchases600/8 | - | - | - | - | €95k | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | €4k | - |
| Services and other goods61 | - | - | - | - | €112k | - |
| Remuneration, social security and pensions62 | €16k | €26k | €20k | €14k | €6k | ▼ 58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €121k | €68k | €54k | €48k | €55k | ▲ 14.9% |
| Other operating charges640/8 | €13k | €14k | €14k | €28k | €38k | ▲ 36.0% |
| Non-recurring operating charges66A | - | - | - | €439 | €0 | ▼ 100% |
| Gross operating margin9900 | €199k | €141k | €95k | €59k | - | - |
| Operating profit (loss)9901 | €50k | €33k | €7k | €-32k | €65k | ▲ 306% |
| Financial income75/76B | - | - | €177 | €5k | €276 | ▼ 94.5% |
| Recurring financial income75 | - | - | €177 | €5k | €276 | ▼ 94.5% |
| Income from current assets751 | - | - | - | - | €0 | - |
| Other financial income752/9 | - | - | - | - | €276 | - |
| Financial charges65/66B | €52k | €35k | €57k | €42k | €28k | ▼ 33.3% |
| Recurring financial charges65 | €29k | €31k | €57k | €42k | €28k | ▼ 33.3% |
| Debt charges650 | - | - | - | - | €27k | - |
| Other financial charges652/9 | - | - | - | - | €624 | - |
| Non-recurring financial charges66B | €24k | €5k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-2k | €-2k | €-50k | €-69k | €37k | ▲ 154% |
| Income taxes67/77 | €-751 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-1k | €-2k | €-50k | €-69k | €37k | ▲ 154% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-2k | €-50k | €-69k | €37k | ▲ 154% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.50M | €1.50M | €1.37M | €1.27M | €1.19M | ▼ 5.7% |
| Fixed assets21/28 | €1.12M | €1.08M | €1.09M | €1.04M | €1.08M | ▲ 3.5% |
| Tangible fixed assets22/27 | €1.12M | €1.08M | €1.09M | €1.04M | €1.08M | ▲ 3.4% |
| Land and buildings22 | €1.03M | €1.00M | €977k | €949k | €1.00M | ▲ 5.4% |
| Plant, machinery and equipment23 | €37k | €41k | €61k | €54k | €45k | ▼ 16.8% |
| Furniture and vehicles24 | €49k | €14k | €50k | €32k | €29k | ▼ 8.1% |
| Assets under construction and advance payments27 | - | €25k | - | €4k | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | - | €210 | - |
| Other financial fixed assets284/8 | - | - | - | - | €210 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €210 | - |
| Current assets29/58 | €382k | €414k | €284k | €227k | €118k | ▼ 47.7% |
| Stocks and contracts in progress3 | €53k | €49k | €46k | €11k | €7k | ▼ 35.8% |
| Stocks30/36 | €53k | €49k | €46k | €11k | €7k | ▼ 35.8% |
| Goods purchased for resale34 | - | - | - | - | €7k | - |
| Amounts receivable within one year40/41 | €91k | €101k | €88k | €79k | €72k | ▼ 8.2% |
| Trade receivables40 | €77k | €82k | €66k | €79k | €72k | ▼ 7.9% |
| Other amounts receivable41 | €14k | €19k | €23k | €258 | €25 | ▼ 90.5% |
| Cash at bank and in hand54/58 | €238k | €264k | €150k | €133k | €33k | ▼ 75.3% |
| Deferred charges and accrued income490/1 | €286 | - | - | €4k | €6k | ▲ 45.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.50M | €1.50M | €1.37M | €1.27M | €1.19M | ▼ 5.7% |
| Equity10/15 | €148k | €146k | €96k | €28k | €65k | ▲ 135% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €38k | €36k | €-14k | €-82k | €-45k | ▲ 45.4% |
| Amounts payable17/49 | €1.35M | €1.35M | €1.28M | €1.24M | €1.13M | ▼ 8.9% |
| Amounts payable after more than one year17 | €880k | €838k | €763k | €668k | €2k | ▼ 99.7% |
| Financial debts170/4 | €880k | €838k | €763k | €668k | €0 | ▼ 100% |
| Credit institutions173 | - | - | - | - | €0 | - |
| Other loans174 | - | - | - | - | €0 | - |
| Advances received on contracts in progress176 | - | - | - | - | €2k | - |
| Amounts payable within one year42/48 | €473k | €514k | €513k | €571k | €1.13M | ▲ 97.1% |
| Current portion of amounts payable after more than one year42 | €73k | €89k | €99k | €97k | €668k | ▲ 587% |
| Trade debts44 | €38k | €57k | €29k | €68k | €36k | ▼ 46.6% |
| Suppliers440/4 | €38k | €57k | €29k | €68k | €36k | ▼ 46.6% |
| Advances received on contracts in progress46 | - | - | - | €3k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €18k | €7k | €5k | €2k | €1k | ▼ 38.0% |
| Taxes450/3 | €15k | €1k | €2k | €1k | €540 | ▼ 55.6% |
| Remuneration and social security454/9 | €3k | €5k | €3k | €1k | €921 | ▼ 19.2% |
| Other amounts payable47/48 | €344k | €361k | €379k | €400k | €420k | ▲ 5.0% |
| Accrued charges and deferred income492/3 | - | - | - | €283 | €2k | ▲ 535% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-2k | €-50k | €-69k | €37k | ▲ 154% |
| + Depreciation and write-downs630 | €121k | €68k | €54k | €48k | €55k | ▲ 14.9% |
| Operating cash flow (approximation) | €119k | €66k | €4k | €-21k | €92k | ▲ 545% |
| Investment in fixed assets (approximation) | - | €-33k | €-58k | €453 | €-91k | ▼ 20,168% |
| Change in cash | - | €26k | €-114k | €-18k | €-100k | ▼ 456% |
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
07-09
State Gazette act
Resignations: A.M.W Fin (director and managing director) and T'JEAN Bénédicte (director)Appointment: T'JEAN-MARCON (director) · Permanent representatives: T'JEAN Bénédicte and T'JEAN Sébastien6 facts ▸
State Gazette act
Resignations: A.M.W Fin (director and managing director) and T'JEAN Bénédicte (director)
Appointment: T'JEAN-MARCON (director) · Permanent representatives: T'JEAN Bénédicte and T'JEAN Sébastien6 facts ▸
- General meeting, 13-08-2026
- Director resignation, A.M.W Fin (director and managing director)
- Director resignation, T'JEAN Bénédicte (director)
- Director appointment, T'JEAN-MARCON (director)
- Permanent representative, T'JEAN Bénédicte (permanent representative)
- Permanent representative, T'JEAN Sébastien (permanent representative)
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €37k
Net result €37k after 4 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €95k
Net result €95k after one loss-making year.
31-12
Financial
Equity above €100kEq €149k ▲175%
Equity rises from €54k to €149k.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2025
T'JEAN-MARCON
CurrentDirector · since 31-03-2025 · Private limited company · perm. rep.: T'JEAN Sébastien
31-03-2025
T'JEAN-MARCON: Appointed as Director
31-03-2025
AMW FIN: Resigned as Director and managing director
31-03-2025
T'JEAN Bénédicte: Resigned as Director
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hannut · 1 establishment unit since 2019
Ground area
3,511 m²
Building footprint
30 m²
Volume, LiDAR
117 m³
Parcel 64034A0756/00P000, Wallonia · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue de l'Europe 10, 4280 Hannut
since 20192.285.313.169
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034A0756/00P000 | Wallonia | 3,511 m² | 1 · 30 m² | 5.7 m · 1 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
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Shared corporate director
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Identification & contact
Identification
Legal formPublic limited company
Founded06-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
96301Funeral services
Scores and ratios are computed by Checked and are not a credit decision.