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Val'Up

Active
Public limited companyfounded 2003active for 23 yearsRue de l'Orbette 28, 7011 Mons, BelgiumKBO/BCE: BE 0860.303.787
Summary

Val'Up has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.1m and a net result of €1.6m. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 55% of 280 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 01-09-2003 Normal situation
Activity
Waste collection, recovery and disposal activities NACE 38330and 1 other
Joint committees
142.04 Paritair Subcomité voor de terugwinning van allerlei producten
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit
2.137.414.497 7011 Mons, since 01-09-2003
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
and 2 others
Auditor
JOIRIS-ROUSSEAUX
Shareholders

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Turnover
€17.7m
▼ 2.7%
Profit
€1.6m
▼ 33.1%
Equity
€14.1m
▼ 2.0%
Total assets
€31.8m
▼ 17.9%
Employees on 31-12-2025
81
▲ 6.6%
Score breakdownraises riskLiquidity: current ratio 1.61, cash €365,523, halvedlowers riskFounded in 2003Size: turnover €17.7m, 78.1 FTE, total assets €31.8mEquity €14.1m (44.2% of total assets)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 55% of medium-sized companies in waste collection and treatment (NACE 38)
Financial strength · tick: 2024
Strong
Solvency 69+7
equity 44.2% of total assets
Liquidity 47-3
short-term debt 16.8% · cash 1.1%
Profitability 83-1
return on assets 5.2%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (47 companies, NACE 38, medium-sized)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.2%▲ +0.1 percentage points vs 05-2026highest value 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value
Credit of up to €1,250,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.61 (1.59 in 2024), above the usual 1.5. Short-term debt is 16.8% and cash 1.1% of total assets. However, 55.8% of the assets are financed with debt and provisions.
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 38, medium-sized). It does better than 49% of them on solvency, 55% on liquidity, 85% on profitability and 31% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.61, cash €365,523, halved
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €17.7m, 78.1 FTE, total assets €31.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €14.1m (44.2% of total assets)
NBB · annual accounts
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
73 days early
2024
77 days early
2023
75 days early
2022
75 days early
2021
62 days early
2020
51 days early
2019
24 days early
← 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 62 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% 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 18 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 86% of companies in waste collection and treatmentsector median €138,965 · 278 companies €1.6m View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
  • Caution: Result fell in 2025from €2.5m to €1.6m ▼ 33.1% View

Recent changes

  1. · Gazette deed Amendment of the articles
  2. · Gazette deed Reappointment: JOIRIS-ROUSSEAUX (commissaire réviseur aux comptes)Permanent representative: ROUSSEAUX Bernard
  3. · Gazette deed Transfer of 2,430 sharesResignations: Caroline DECAMPS (director) and Fanny DE BROUCKERE (director) · Appointments: Jacques DE MOORTEL, Stéphane LEROY and Philippe TYCHON
All 47 events

Comparable companies

These companies have the same main activity as Val'Up: waste collection, recovery and disposal activities (NACE 38330). They are comparable in size and age: total assets between €16m and €48m, founded between 1993 and 2001.

CompanyTotal assetsTurnover
Val'Up Mons€31.8m€17.7m
SOCIETE D'INTEGRATION PAR LE TRAVAIL EN ENVIRONNEMENT EN REGION LIEGEOISE Herstal€47.5m€13.3m
BIOTERRA Genk€39.1m€27.6m
RECYFUEL Engis€22.0m€30.2m
HECTOR VAN MOER EN ZONEN Beveren-Kruibeke-Zwijndrecht€15.5m€32.8m
VANHEEDE BIOMASS SOLUTIONS Quévy€31.3m€26.7m
RECYDEL Liège€17.2m€45.4m
Full comparison

Key facts about Val'Up

What is the company number of Val'Up?
The company number of Val'Up is 0860.303.787. The VAT number is the same number with BE in front: BE 0860.303.787.
Where is Val'Up based?
The registered office is at Rue de l'Orbette 28, 7011 Mons.Company details
What does Val'Up do?
According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38330).
What is the legal form of Val'Up?
The legal form of Val'Up is Public limited company (NV).
When was Val'Up founded?
Val'Up was founded on 01-09-2003.
Is Val'Up still active?
Yes, Val'Up is an active enterprise in the KBO register.
How many employees does Val'Up have?
Val'Up had an average of 78.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Val'Up fall under?
In its 2025 annual accounts, Val'Up states joint committees 142.04 (Paritair Subcomité voor de terugwinning van allerlei producten) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of Val'Up?
The turnover of Val'Up was €17.7m in financial year 2025, according to the filed annual accounts.
Is Val'Up profitable?
In financial year 2025, Val'Up made a profit of €1.6m.
Where can I find the annual accounts of Val'Up?
Val'Up filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Val'Up due?
Val'Up must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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