VALI CONSTRUCT

Active

Private limited companyfounded 200718 yrs activeChaussée de Wavre 198, 1390 Grez-Doiceau, BelgiumKBO/BCE: BE 0892.753.752

VALI CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €328k and a net result of €38k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 3571 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

75 / 100

Excellent▼ -16 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability57▼-43

Solvency47▼-15

Growth52=

Stability100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity tight (current ratio 1.3 against 1.5 in 2023), and 73.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

57 d late

2023

30 d late

2022

70 d late

2021

64 d late

2020

130 d late

2019

122 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€38k▼ 58.6%

2023 · €91k

2018: €109k 2019: €231k 2020: €231k 2021: €28k 2022: €-52k 2023: €91k

2018 → 2024

Working capital

€220k▼ 24.6%

2023 · €291k

2018: €256k 2019: €502k 2020: €502k 2021: €482k 2022: €206k 2023: €291k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€509k-€489k▼ 4.1%€291k▼ 40.4%€381k▲ 30.8%€328k▼ 13.8%

Operating result€336k-€49k▼ 85.3%€-58k€124k€70k▼ 43.6%

Net result€231k-€28k▼ 87.7%€-52k€91k€38k▼ 58.6%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 44% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.24M

24.3%

75.7%

Fixed assets €302k▼ 4.2%

Current assets €940k▲ 7.8%

Equity and liabilities €1.24M

26.4%

73.6%

Equity €328k▼ 13.8%

Debt €913k▲ 13.3%

The debt ratio rises from 67.9% to 73.6%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€144k▼

2023 · €184k

Cash flow

€112k▼

2023 · €151k

Solvency

26.4%▼

2023 · 32.1%

Current ratio

1.30▼

2023 · 1.50

Quick ratio

1.28▼

2023 · 1.47

Debt / equity

2.78▲

2023 · 2.12

ROE

11.5%▼

2023 · 23.9%

ROA

3.0%▼

2023 · 7.6%

Interest coverage

7.78▼

2023 · 12.79

Debt

€913k▲

2023 · €806k

Debt ≤ 1 year

€720k▲

2023 · €581k

Debt > 1 year

€188k▼

2023 · €219k

Income taxes

€20k▼

2023 · €23k

Staff costs

€14k▲

2023 · €12k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.19M€1.24M▲

Fixed assets21/28€315k€302k▼

Tangible fixed assets22/27€315k€302k▼

Land and buildings22€149k€144k▼

Plant, machinery and equipment23€3k€4k▲

Furniture and vehicles24€46k€29k▼

Leasing and similar rights25€117k€126k▲

Financial fixed assets28€0-

Current assets29/58€872k€940k▲

Stocks and contracts in progress3€19k€19k=

Stocks30/36€19k€19k=

Amounts receivable within one year40/41€790k€824k▲

Trade receivables40€552k€731k▲

Other amounts receivable41€238k€93k▼

Cash at bank and in hand54/58€52k€89k▲

Deferred charges and accrued income490/1€11k€7k▼

Equity and liabilities

Total equity and liabilities10/49€1.19M€1.24M▲

Equity10/15€381k€328k▼

Contributions10/11€6k€6k=

Reserves13€374k€322k▼

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€374k€322k▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€806k€913k▲

Amounts payable after more than one year17€219k€188k▼

Financial debts170/4€219k€188k▼

Amounts payable within one year42/48€581k€720k▲

Current portion of amounts payable after more than one year42€61k€70k▲

Financial debts43€67k€67k=

Credit institutions430/8€67k€67k=

Trade debts44€345k€506k▲

Suppliers440/4€345k€506k▲

Taxes, remuneration and social security45€96k€15k▼

Taxes450/3€86k€7k▼

Remuneration and social security454/9€11k€7k▼

Other amounts payable47/48€11k€62k▲

Accrued charges and deferred income492/3€6k€5k▼

Income statement Code20232024

Non-recurring operating income76A€37k€21k▼

Remuneration, social security and pensions62€12k€14k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€74k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€45k€117k▲

Other operating charges640/8€12k€20k▲

Non-recurring operating charges66A€13k€9k▼

Gross operating margin9900€265k€303k▲

Operating profit (loss)9901€124k€70k▼

Financial income75/76B€5k€6k▲

Recurring financial income75€5k€6k▲

Financial charges65/66B€14k€19k▲

Recurring financial charges65€14k€19k▲

Profit (loss) for the period before taxes9903€114k€58k▼

Transfer from deferred taxes780€0-

Income taxes67/77€23k€20k▼

Profit (loss) for the period9904€91k€38k▼

Transfer from tax-exempt reserves789€0-

Profit (loss) for the period to be appropriated9905€91k€38k▼

Appropriation of the result

Profit (loss) to be appropriated9906€86k€38k▼

Profit (loss) brought forward from the previous period14P€-5k€0▲

Transfer from equity791/2€1k€90k▲

Transfer to equity691/2€86k€37k▼

To other reserves6921€86k€37k▼

Profit to be distributed694/7€1k€90k▲

Return on contributions (dividend)694€1k€90k▲

Social balance

Average headcount (FTE)90870.30.3=

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

26-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 57 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 30 days late

2023

31-12

Financial Back to profitnet €91k

Net result €91k after one loss-making year.

09-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 70 days late

2022

31-12

Financial Weakest financial yearnet €-52k ▼286%

Net result drops to €-52k, the lowest in the series; recovery starts the following year.

03-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 64 days late

2021

08-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 130 days late

2020

30-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 122 days late

2019

31-12

Financial Equity above €500kEq €509k ▲59.3%

2 profitable years in a row build equity to €509k.

26-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

12-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 73 days late

2017

17-11

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 109 days late

2016

30-11

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 122 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 10 acts read

About the unread acts

We know of 10 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

no sitting director, last change in 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

28-10-2025 Resigned as Director

Not every act has been read: a resignation may be missing here

10 of this company's 10 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, Grez-Doiceau · 1 establishment unit since 2007

approximate (street level) On OpenStreetMap

Ground area

688 m²

Building footprint

76 m²

Volume, LiDAR

520 m³

Parcel 25001C0040/00T000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

VALI CONSTRUCT