VALCAM
ActiveVALCAM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €28k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 3150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent▼ -11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-24
Solvency74▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.69 in 2024), but 67.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
32.5%
Return on assets
4.2%
Age of the figures
8 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
92 d late
2023
89 d late
2022
125 d late
2021
152 d late
2020
30 d late
2019
112 d late
← before the deadline
after the deadline →
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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€28k▼ 30.3%
2024 · €41k
2018: €8k
2019: €21k
2020: €46k
2021: €10k
2022: €6k
2023: €-14k
2024: €41k
2018 → 2025
Working capital
€62k▲ 30.0%
2024 · €48k
2018: €-23k
2019: €-4k
2020: €107k
2021: €-10k
2022: €6k
2023: €-7k
2024: €48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€206k▲ 3.2%€192k▼ 6.8%€233k▲ 21.3%€221k▼ 5.2%
Operating result€20k-€14k▼ 26.5%€2k▼ 85.1%€62k▲ 2,768%€46k▼ 25.2%
Net result€10k-€6k▼ 35.4%€-14k€41k€28k▼ 30.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €680k
Fixed assets
€556k▼ 8.5%
Current assets
€124k▲ 5.6%
Equity and liabilities €680k
Equity
€221k▼ 5.2%
Provisions
€12k▼ 6.6%
Debt
€446k▼ 6.8%
The debt ratio falls from 66.0% to 65.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€101k▼
2024 · €119k
Cash flow
€83k▼
2024 · €98k
Solvency
32.5%▲
2024 · 32.2%
Current ratio
2.02▲
2024 · 1.69
Quick ratio
2.02▲
2024 · 1.69
Debt / equity
2.02▼
2024 · 2.05
ROE
12.9%▼
2024 · 17.5%
ROA
4.2%▼
2024 · 5.6%
Interest coverage
17.01▲
2024 · 13.25
Debt
€446k▼
2024 · €479k
Debt ≤ 1 year
€61k▼
2024 · €69k
Debt > 1 year
€371k▼
2024 · €402k
Income taxes
€13k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€725k€680k▼
Fixed assets21/28€608k€556k▼
Tangible fixed assets22/27€608k€556k▼
Land and buildings22€603k€552k▼
Plant, machinery and equipment23€5k€5k▼
Current assets29/58€117k€124k▲
Amounts receivable within one year40/41€90k€94k▲
Trade receivables40€90k€92k▲
Other amounts receivable41€6€3k▲
Cash at bank and in hand54/58€23k€20k▼
Deferred charges and accrued income490/1€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€725k€680k▼
Equity10/15€233k€221k▼
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€88k€45k▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€40k€37k▼
Distributable reserves133€41k-
Profit (loss) carried forward14€71k€102k▲
Provisions and deferred taxes16€13k€12k▼
Deferred taxes168€13k€12k▼
Amounts payable17/49€479k€446k▼
Amounts payable after more than one year17€402k€371k▼
Financial debts170/4€267k€231k▼
Other amounts payable178/9€135k€140k▲
Amounts payable within one year42/48€69k€61k▼
Current portion of amounts payable after more than one year42€36k€36k▼
Trade debts44€12k€8k▼
Suppliers440/4€12k€8k▼
Taxes, remuneration and social security45€21k€17k▼
Taxes450/3€21k€17k▼
Accrued charges and deferred income492/3€8k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€54k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A-€242
Gross operating margin9900€122k€105k▼
Operating profit (loss)9901€62k€46k▼
Financial income75/76B€16€68▲
Recurring financial income75€16€68▲
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€53k€40k▼
Transfer from deferred taxes780€870€870=
Income taxes67/77€13k€13k▼
Profit (loss) for the period9904€41k€28k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€44k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€102k▲
Profit (loss) brought forward from the previous period14P€28k€71k▲
Transfer from equity791/2-€41k
Profit to be distributed694/7-€41k
Return on contributions (dividend)694-€41k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-12
Financial
Equity above €200kEq €233k ▲21.3%
Equity rises from €192k to €233k.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
31-12
Financial
Weakest financial yearnet €-14k ▼321%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
03-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 125 days late
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
31-12
Financial
Equity above €200kEq €200k ▲5.2%
4 profitable years in a row build equity to €200k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €46k ▲116%
Operating result €70k, net result €46k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.06
Current ratio from 0.93 to 4.06; short-term debt falls from €50k to €35k.
31-12
Financial
Equity above €150kEq €190k ▲31.9%
3 profitable years in a row build equity to €190k.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has 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
1 director, last change in 2025
Daman Alexandre
CurrentDirector · since 02-01-2025
02-01-2025
Appointed as Director
Not every act has been read: a resignation may be missing here
5 of this company's 5 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, Gent · 1 establishment unit since 2001
Ground area
338 m²
Building footprint
177 m²
Volume, LiDAR
1,463 m³
Parcel 44809I0775/00E005, Flanders · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Koning Albertlaan 126, 9000 Gent
since 20012.116.665.407
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0775/00E005 | Flanders | 338 m² | 1 · 177 m² | 16.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KOZIMO
BE 0476.518.240
Sint-Jans-Molenbeek · Eq €221k
Creating Cities
BE 0799.759.060
Gent · Eq €221k
PHAISTOS
BE 0454.495.577
Overijse · Eq €221k
Vadycon
BE 1008.796.931
Ranst · Eq €221k
Laberma Consulting
BE 0742.537.077
Bocholt · Eq €221k
Of 82,169 companies in sector 70200 we hold annual accounts for 52,388. 39,296 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-03-1999
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.