Value Object
ActiveSummary
Value Object has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €108k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+64
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 5.86 against 8.15 in 2024; short-term debt: 12% and cash: 2.8% of total assets), and 12% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
88%
Return on assets
8.8%
Age of the figures
18 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
30 d late
2022
70 d late
2021
2 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.08M▼ 1.3%
2024 · €1.09M
2021: €524klowest in 5 years
2022: €719k▲ +37.3% vs 2021
2023: €1.20M▲ +66.8% vs 2022highest in 5 years
2024: €1.09M▼ -8.8% vs 2023
2025: €1.08M▼ -1.3% vs 2024
2021 → 2025
Total assets
€1.23M▲ 2.6%
2024 · €1.20M
2021: €594klowest in 5 years
2022: €770k▲ +29.7% vs 2021
2023: €1.27M▲ +64.7% vs 2022highest in 5 years
2024: €1.20M▼ -5.7% vs 2023
2025: €1.23M▲ +2.6% vs 2024
2021 → 2025
Net result
€108k
2024 · €-28k
2021: €186k
2022: €332k▲ +78.7% vs 2021
2023: €482k▲ +45.1% vs 2022highest in 5 years
2024: €-28k▼ -106% vs 2023lowest in 5 years
2025: €108k▲ +486% vs 2024
2021 → 2025
Working capital
€712k▼ 1.7%
2024 · €725k
2021: €517klowest in 5 years
2022: €718k▲ +39.0% vs 2021
2023: €828k▲ +15.4% vs 2022highest in 5 years
2024: €725k▼ -12.5% vs 2023
2025: €712k▼ -1.7% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€524k-€719k▲ 37.3%€1.20M▲ 66.8%€1.09M▼ 8.8%€1.08M▼ 1.3%
2021: €524klowest in 5 years
2022: €719k▲ +37.3% vs 2021
2023: €1.20M▲ +66.8% vs 2022highest in 5 years
2024: €1.09M▼ -8.8% vs 2023
2025: €1.08M▼ -1.3% vs 2024
Operating result€267k-€477k▲ 79.0%€212k▼ 55.6%€-28k€115k
2021: €267k
2022: €477k▲ +79.0% vs 2021highest in 5 years
2023: €212k▼ -55.6% vs 2022
2024: €-28k▼ -113% vs 2023lowest in 5 years
2025: €115k▲ +508% vs 2024
Net result€186k-€332k▲ 78.7%€482k▲ 45.1%€-28k€108k
2021: €186k
2022: €332k▲ +78.7% vs 2021
2023: €482k▲ +45.1% vs 2022highest in 5 years
2024: €-28k▼ -106% vs 2023lowest in 5 years
2025: €108k▲ +486% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €115k after a loss of €28k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.23M
Fixed assets
€368k ▼ 0.5%
Current assets
€859k ▲ 4.0%
Equity and liabilities €1.23M
Equity
€1.08M ▼ 1.3%
Debt
€147k ▲ 44.8%
Debt's share of the balance-sheet total rises from 8.5% to 12.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€117k▲
2024 · €-27k
Cash flow
€109k▲
2024 · €-26k
Current ratio
5.86▼
2024 · 8.15
Debt to equity
0.14▲
2024 · 0.09
ROE
10.0%▲
2024 · -2.5%
ROA
8.8%▲
2024 · -2.3%
Interest coverage
80.14▲
2024 · -47.54
Debt ≤ 1 year
€147k▲
2024 · €101k
Income taxes
€23k▲
2024 · €5k
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€1.20M€1.23M▲
Fixed assets21/28€370k€368k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€365k€365k=
Current assets29/58€826k€859k▲
Amounts receivable after more than one year29€17k€87k▲
Trade receivables290€17k€87k▲
Amounts receivable within one year40/41€94k€66k▼
Trade receivables40€5k-
Other amounts receivable41€89k€66k▼
Current investments50/53€703k€671k▼
Cash at bank and in hand54/58€12k€35k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.23M▲
Equity10/15€1.09M€1.08M▼
Contributions10/11€1k€1k=
Reserves13€1.12M€1.08M▼
Tax-exempt reserves132€253k€253k=
Distributable reserves133€869k€827k▼
Profit (loss) carried forward14€-28k-
Amounts payable17/49€101k€147k▲
Amounts payable within one year42/48€101k€147k▲
Financial debts43€1k€60▼
Credit institutions430/8€1k€60▼
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€4k€30k▲
Taxes450/3€4k€30k▲
Other amounts payable47/48€96k€115k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-25k€118k▲
Operating profit (loss)9901€-28k€115k▲
Financial income75/76B€6k€16k▲
Recurring financial income75€6k€16k▲
Financial charges65/66B€560€1k▲
Recurring financial charges65€560€1k▲
Profit (loss) for the period before taxes9903€-23k€130k▲
Income taxes67/77€5k€23k▲
Profit (loss) for the period9904€-28k€108k▲
Profit (loss) for the period to be appropriated9905€-28k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€80k▲
Profit (loss) brought forward from the previous period14P-€-28k
Transfer from equity791/2€78k€122k▲
Transfer to equity691/2-€80k
To other reserves6921-€80k
Profit to be distributed694/7€78k€122k▲
Return on contributions (dividend)694€78k€122k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €24k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €917 | €766 | €1k | €2k | €2k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9k | - | - | - |
| Other operating charges640/8 | - | €999 | €4k | €1k | €1k | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | €708 | - | - | - |
| Gross operating margin9900 | €270k | €479k | €227k | €-25k | €118k | ▲ 564% |
| Operating profit (loss)9901 | €267k | €477k | €212k | €-28k | €115k | ▲ 508% |
| Financial income75/76B | - | €112 | €355k | €6k | €16k | ▲ 178% |
| Recurring financial income75 | €10 | €112 | €355k | €6k | €16k | ▲ 178% |
| Financial charges65/66B | - | €2k | €2k | €560 | €1k | ▲ 161% |
| Recurring financial charges65 | €2k | €2k | €2k | €560 | €1k | ▲ 161% |
| Profit (loss) for the period before taxes9903 | €264k | €476k | €565k | €-23k | €130k | ▲ 667% |
| Income taxes67/77 | €79k | €144k | €83k | €5k | €23k | ▲ 359% |
| Profit (loss) for the period9904 | €186k | €332k | €482k | €-28k | €108k | ▲ 486% |
| Transfer to tax-exempt reserves689 | - | - | €253k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €186k | €332k | €229k | €-28k | €108k | ▲ 486% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €594k | €770k | €1.27M | €1.20M | €1.23M | ▲ 2.6% |
| Fixed assets21/28 | €8k | €1k | €372k | €370k | €368k | ▼ 0.5% |
| Tangible fixed assets22/27 | €2k | €1k | €7k | €5k | €3k | ▼ 33.6% |
| Furniture and vehicles24 | - | €1k | €7k | €5k | €3k | ▼ 33.6% |
| Financial fixed assets28 | €6k | - | €365k | €365k | €365k | = |
| Current assets29/58 | €586k | €769k | €897k | €826k | €859k | ▲ 4.0% |
| Amounts receivable after more than one year29 | - | - | - | €17k | €87k | ▲ 412% |
| Trade receivables290 | - | - | - | €17k | €87k | ▲ 412% |
| Amounts receivable within one year40/41 | €146k | €305k | €280k | €94k | €66k | ▼ 29.3% |
| Trade receivables40 | - | €197k | €61k | €5k | - | - |
| Other amounts receivable41 | - | €108k | €219k | €89k | €66k | ▼ 25.2% |
| Current investments50/53 | €18k | €141k | €273k | €703k | €671k | ▼ 4.6% |
| Cash at bank and in hand54/58 | €418k | €323k | €344k | €12k | €35k | ▲ 197% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €594k | €770k | €1.27M | €1.20M | €1.23M | ▲ 2.6% |
| Equity10/15 | €524k | €719k | €1.20M | €1.09M | €1.08M | ▼ 1.3% |
| Contributions10/11 | - | €1k | €1k | €1k | €1k | = |
| Reserves13 | €523k | €718k | €1.20M | €1.12M | €1.08M | ▼ 3.7% |
| Tax-exempt reserves132 | - | - | €253k | €253k | €253k | = |
| Distributable reserves133 | - | €718k | €946k | €869k | €827k | ▼ 4.8% |
| Profit (loss) carried forward14 | - | - | - | €-28k | - | - |
| Amounts payable17/49 | €70k | €51k | €68k | €101k | €147k | ▲ 44.8% |
| Amounts payable within one year42/48 | €69k | €51k | €68k | €101k | €147k | ▲ 44.8% |
| Current portion of amounts payable after more than one year42 | - | - | €34k | - | - | - |
| Financial debts43 | - | €54 | €62 | €1k | €60 | ▼ 94.2% |
| Credit institutions430/8 | - | €54 | €62 | €1k | €60 | ▼ 94.2% |
| Trade debts44 | €22k | €2k | €754 | - | €1k | - |
| Suppliers440/4 | - | €2k | €754 | - | €1k | - |
| Taxes, remuneration and social security45 | - | €2k | €11k | €4k | €30k | ▲ 668% |
| Taxes450/3 | - | €2k | €11k | €4k | €30k | ▲ 668% |
| Other amounts payable47/48 | - | €47k | €23k | €96k | €115k | ▲ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €186k | €332k | €482k | €-28k | €108k | ▲ 486% |
| + Depreciation and write-downs630 | €917 | €766 | €1k | €2k | €2k | = |
| Operating cash flow (approximation) | €187k | €333k | €483k | €-26k | €109k | ▲ 517% |
| Investment in fixed assets (approximation) | - | €6k | €-372k | €0 | €0 | - |
| Change in cash | - | €-95k | €20k | €-332k | €23k | ▲ 107% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €108k
Net result €108k after one loss-making year.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
31-03
Financial
Highest result since 2021net €482k ▲45.1%
Net result €482k, the highest in the series.
31-03
Financial
Equity above €1MEq €1.20M ▲66.8%
3 profitable years in a row build equity to €1.20M.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kortrijk · 1 establishment unit since 2013
Ground area
602 m²
Building footprint
73 m²
Volume, LiDAR
73 m³
Parcel 34016B0186/00Y000, Flanders · tallest building 7.7 m. Linked by address, not a title deed.
1 establishment unit
Value Object
since 20132.216.879.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016B0186/00Y000 | Flanders | 602 m² | 1 · 73 m² | 7.7 m |
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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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 8,148 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
Founded01-01-2013
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.