VALE
ActiveSummary
VALE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €644k and a net result of €-19k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-10
Solvency42=
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.14 in 2024; short-term debt: 27% and cash: 3% of total assets), and 82.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
31 d early
2023
70 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, abbreviated schema
Equity
€644k▼ 2.9%
2024 · €663k
2023: €771khighest in 3 years
2024: €663k▼ -13.9% vs 2023
2025: €644k▼ -2.9% vs 2024lowest in 3 years
2023 → 2025
Total assets
€3.76M▼ 1.3%
2024 · €3.81M
2023: €1.32Mlowest in 3 years
2024: €3.81M▲ +190% vs 2023highest in 3 years
2025: €3.76M▼ -1.3% vs 2024
2023 → 2025
Net result
€-19k
2024 · €18k
2023: €97khighest in 3 years
2024: €18k▼ -81.2% vs 2023
2025: €-19k▼ -206% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-868k▼ 10.6%
2024 · €-785k
2023: €-324khighest in 3 years
2024: €-785k▼ -142% vs 2023
2025: €-868k▼ -10.6% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€771k-€663k▼ 13.9%€644k▼ 2.9%
2023: €771khighest in 3 years
2024: €663k▼ -13.9% vs 2023
2025: €644k▼ -2.9% vs 2024lowest in 3 years
Operating result€-27k-€69k€57k▼ 17.6%
2023: €-27klowest in 3 years
2024: €69k▲ +360% vs 2023highest in 3 years
2025: €57k▼ -17.6% vs 2024
Net result€97k-€18k▼ 81.2%€-19k
2023: €97khighest in 3 years
2024: €18k▼ -81.2% vs 2023
2025: €-19k▼ -206% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.76M
Fixed assets
€3.62M ▼ 1.9%
Current assets
€147k ▲ 14.7%
Equity and liabilities €3.76M
Equity
€644k ▼ 2.9%
Debt
€3.12M ▼ 1.0%
Debt's share of the balance-sheet total rises from 82.6% to 82.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€251k▲
2024 · €211k
Cash flow
€174k▲
2024 · €160k
Current ratio
0.14▲
2024 · 0.14
Debt to equity
4.84▲
2024 · 4.75
ROE
-3.0%▼
2024 · 2.8%
ROA
-0.5%▼
2024 · 0.5%
Interest coverage
3.26▼
2024 · 4.29
Debt ≤ 1 year
€1.02M▲
2024 · €913k
Debt > 1 year
€2.10M▼
2024 · €2.24M
Income taxes
€0▼
2024 · €2k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.81M€3.76M▼
Fixed assets21/28€3.69M€3.62M▼
Tangible fixed assets22/27€3.69M€3.62M▼
Land and buildings22€3.69M€3.60M▼
Plant, machinery and equipment23-€14k
Current assets29/58€128k€147k▲
Amounts receivable within one year40/41€8k€32k▲
Trade receivables40€8k€27k▲
Other amounts receivable41-€5k
Current investments50/53€70k€0▼
Cash at bank and in hand54/58€49k€114k▲
Equity and liabilities
Total equity and liabilities10/49€3.81M€3.76M▼
Equity10/15€663k€644k▼
Contributions10/11€1k€1k=
Reserves13€662k€643k▼
Distributable reserves133€662k€643k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€3.15M€3.12M▼
Amounts payable after more than one year17€2.24M€2.10M▼
Financial debts170/4€2.24M€2.10M▼
Amounts payable within one year42/48€913k€1.02M▲
Current portion of amounts payable after more than one year42€129k€134k▲
Trade debts44€12€100k▲
Suppliers440/4€12€100k▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€5k▼
Other amounts payable47/48€776k€776k=
Income statement
Code20242025
Non-recurring operating income76A€18k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€194k▲
Other operating charges640/8€12k€13k▲
Gross operating margin9900€223k€264k▲
Operating profit (loss)9901€69k€57k▼
Financial income75/76B-€418
Recurring financial income75-€418
Financial charges65/66B€49k€77k▲
Recurring financial charges65€49k€77k▲
Profit (loss) for the period before taxes9903€20k€-19k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€18k€-19k▼
Profit (loss) for the period to be appropriated9905€18k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-19k▼
Profit (loss) brought forward from the previous period14P€-27k€0▲
Transfer from equity791/2€190k€19k▼
Transfer to equity691/2€18k€0▼
To other reserves6921€18k€0▼
Profit to be distributed694/7€163k€0▼
Return on contributions (dividend)694€163k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €18k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €142k | €194k | ▲ 36.6% |
| Other operating charges640/8 | €389 | €12k | €13k | ▲ 15.6% |
| Gross operating margin9900 | €28k | €223k | €264k | ▲ 18.7% |
| Operating profit (loss)9901 | €-27k | €69k | €57k | ▼ 17.6% |
| Financial income75/76B | €162k | - | €418 | - |
| Recurring financial income75 | €162k | - | €418 | - |
| Financial charges65/66B | €10 | €49k | €77k | ▲ 56.4% |
| Recurring financial charges65 | €10 | €49k | €77k | ▲ 56.4% |
| Profit (loss) for the period before taxes9903 | €135k | €20k | €-19k | ▼ 196% |
| Income taxes67/77 | €38k | €2k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €97k | €18k | €-19k | ▼ 206% |
| Profit (loss) for the period to be appropriated9905 | €97k | €18k | €-19k | ▼ 206% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.32M | €3.81M | €3.76M | ▼ 1.3% |
| Fixed assets21/28 | €1.10M | €3.69M | €3.62M | ▼ 1.9% |
| Tangible fixed assets22/27 | €1.10M | €3.69M | €3.62M | ▼ 1.9% |
| Land and buildings22 | €1.10M | €3.69M | €3.60M | ▼ 2.3% |
| Plant, machinery and equipment23 | - | - | €14k | - |
| Current assets29/58 | €222k | €128k | €147k | ▲ 14.7% |
| Amounts receivable within one year40/41 | €139k | €8k | €32k | ▲ 282% |
| Trade receivables40 | €135k | €8k | €27k | ▲ 221% |
| Other amounts receivable41 | €4k | - | €5k | - |
| Current investments50/53 | - | €70k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €82k | €49k | €114k | ▲ 132% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.32M | €3.81M | €3.76M | ▼ 1.3% |
| Equity10/15 | €771k | €663k | €644k | ▼ 2.9% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | €770k | €662k | €643k | ▼ 2.9% |
| Distributable reserves133 | €770k | €662k | €643k | ▼ 2.9% |
| Profit (loss) carried forward14 | - | - | €0 | - |
| Amounts payable17/49 | €546k | €3.15M | €3.12M | ▼ 1.0% |
| Amounts payable after more than one year17 | - | €2.24M | €2.10M | ▼ 6.0% |
| Financial debts170/4 | - | €2.24M | €2.10M | ▼ 6.0% |
| Amounts payable within one year42/48 | €546k | €913k | €1.02M | ▲ 11.2% |
| Current portion of amounts payable after more than one year42 | - | €129k | €134k | ▲ 3.4% |
| Trade debts44 | €8k | €12 | €100k | ▲ 841,742% |
| Suppliers440/4 | €8k | €12 | €100k | ▲ 841,742% |
| Taxes, remuneration and social security45 | €38k | €8k | €5k | ▼ 34.4% |
| Taxes450/3 | €38k | €8k | €5k | ▼ 34.4% |
| Other amounts payable47/48 | €500k | €776k | €776k | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €97k | €18k | €-19k | ▼ 206% |
| + Depreciation and write-downs630 | €54k | €142k | €194k | ▲ 36.6% |
| Operating cash flow (approximation) | €151k | €160k | €174k | ▲ 8.9% |
| Investment in fixed assets (approximation) | - | €-2.73M | €-124k | ▲ 95.5% |
| Change in cash | - | €-33k | €65k | ▲ 297% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 2023
Ground area
970 m²
Building footprint
151 m²
Volume, LiDAR
969 m³
Parcel 11333D0018/00L002, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VALE
since 20232.346.720.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0018/00L002 | Flanders | 970 m² | 1 · 151 m² | 7.1 m · 2 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.
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BE 0427.889.764
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,346 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68122Development of non-residential building projects
68110Buying and selling of own real estate
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.