VALKA PROJECTS
ActiveVALKA PROJECTS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-168k) and a net result of €-11k. Equity is shrinking by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-6
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.73 against 0.44 in 2024; short-term debt: 56.5% and cash: 2.6% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-123%
Return on assets
-8.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-168k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
2 d early
2023
8 d early
2022
5 d early
2021
4 d early
2020
5 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-168k▼ 7.0%
2024 · €-157k
2020: €5k
2021: €-29k
2022: €-97k
2023: €-150k
2024: €-157k
2020 → 2025
Total assets
€137k▼ 3.9%
2024 · €142k
2020: €990k
2021: €1.05M
2022: €800k
2023: €165k
2024: €142k
2020 → 2025
Net result
€-11k▼ 46.6%
2024 · €-8k
2020: €-8k
2021: €-34k
2022: €-68k
2023: €-53k
2024: €-8k
2020 → 2025
Working capital
€56k
2024 · €-168k
2020: €809k
2021: €771k
2022: €-113k
2023: €-166k
2024: €-168k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-29k-€-97k▼ 230%€-150k▼ 54.5%€-157k▼ 5.0%€-168k▼ 7.0%
Operating result€-13k-€-35k▼ 162%€-32k▲ 10.1%€11k€-1k
Net result€-34k-€-68k▼ 98.9%€-53k▲ 21.8%€-8k▲ 85.7%€-11k▼ 46.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1k after €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€3k▼ 68.5%
Current assets
€134k▲ 1.4%
Key figures and ratios
EBITDA
€6k▼
2024 · €18k
Cash flow
€-4k▼
2024 · €-329
Solvency
-123.0%▼
2024 · -110.5%
Current ratio
1.73▲
2024 · 0.44
Quick ratio
0.56▲
2024 · 0.14
Debt / equity
-1.81▲
2024 · -1.91
ROA
-8.1%▼
2024 · -5.3%
Interest coverage
0.62▼
2024 · 0.97
Debt
€305k▲
2024 · €300k
Debt ≤ 1 year
€77k▼
2024 · €300k
Debt > 1 year
€228k
Income taxes
€1
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€142k€137k▼
Fixed assets21/28€11k€3k▼
Tangible fixed assets22/27€11k€3k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€7k€1k▼
Current assets29/58€132k€134k▲
Stocks and contracts in progress3€90k€90k=
Contracts in progress37€90k€90k=
Amounts receivable within one year40/41€37k€33k▼
Trade receivables40€26k€21k▼
Other amounts receivable41€11k€13k▲
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€142k€137k▼
Equity10/15€-157k€-168k▼
Contributions10/11€13k€13k=
Profit (loss) carried forward14€-170k€-181k▼
Amounts payable17/49€300k€305k▲
Amounts payable after more than one year17-€228k
Financial debts170/4-€228k
Amounts payable within one year42/48€300k€77k▼
Current portion of amounts payable after more than one year42€540€12k▲
Financial debts43€13€0▼
Credit institutions430/8€13€0▼
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Advances received on contracts in progress46€2k€1k▼
Taxes, remuneration and social security45€311€0▼
Taxes450/3€311€0▼
Other amounts payable47/48€292k€63k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€269€3k▲
Gross operating margin9900€19k€9k▼
Operating profit (loss)9901€11k€-1k▼
Financial income75/76B€275€4▼
Recurring financial income75€275€4▼
Financial charges65/66B€19k€10k▼
Recurring financial charges65€19k€10k▼
Profit (loss) for the period before taxes9903€-8k€-11k▼
Income taxes67/77-€1
Profit (loss) for the period9904€-8k€-11k▼
Profit (loss) for the period to be appropriated9905€-8k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-170k€-181k▼
Profit (loss) brought forward from the previous period14P€-163k€-170k▼
The notes to these accounts (8 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 1.73
Current ratio from 0.44 to 1.73; short-term debt falls from €300k to €77k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Harelbeke · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heerbaan 718530 HarelbekeGround area
1,578 m²
Building footprint
165 m²
Volume, LiDAR
776 m³
Parcel 34323D1319/00B000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VALKA PROJECTS
since 20202.300.217.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1319/00B000 | Flanders | 1,578 m² | 1 · 165 m² | 7.6 m · 2 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
I.H.P.
BE 0444.325.029
Chaumont-Gistoux · Eq €5k
Den Dijk
BE 0544.926.895
Heist-op-den-Berg · Eq €5k
P. Properties
BE 0786.396.915
Harelbeke · Eq €5k
Glenprosen
BE 1023.054.248
Brussel · Eq €5k
ADELAAR
BE 0883.935.066
Gent · Eq €5k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 2,136 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2020
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.