Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 649.6 to 553.
Financials
Financial year 2025
Valeo Vision Belgique from Ath, company number BE0407003090, closed financial year 2025 with a result of € -12.2 million after tax. For that financial year Valeo Vision Belgique recorded revenue of € 94.7 million and equity of € -41.5 million. Compared with financial year 2024, the result moved from € -10.7 million to € -12.2 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ -41.5 million
▼ € 12.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12.2 million
▼ 13 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -44 million.
People and assets in 2025
553
▼ 50.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 36 million
▼ 8% vs 2024
€ 65,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 248,698
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 23.1 million
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 108 days on average.
€ 5.7 million
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 109,973,127 | € 115,006,099 | € 102,635,543 | € 94,714,954 | ▼ 8% |
| Profit after taxes | € -11,519,582 | € -7,541,502 | € -10,739,606 | € -12,156,476 | ▼ € 1.4 million |
| Equity | € -11,070,457 | € -18,612,441 | € -29,354,194 | € -41,510,670 | ▼ € 12.2 million |
| Total debts | € 65,379,156 | € 78,232,237 | € 98,696,545 | € 125,339,269 | ▲ 27% |
| Land & buildings | € 1,355,964 | € 1,023,669 | € 850,137 | € 994,266 | ▲ 17% |
| Retained profit | € -13,573,086 | € -21,114,588 | € -31,854,194 | € -44,010,670 | ▼ € 12.2 million |
| Balance sheet total | € 54,735,250 | € 59,997,840 | € 69,846,084 | € 84,152,512 | ▲ 20% |
| Employees (FTE) | 697.9 | 649.6 | 603.2 | 553 | ▼ 50.2 |
Key figures of Valeo Vision Belgique, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Valeo Vision Belgique?
What happened at Valeo Vision Belgique in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12.2 million. Source: NBB ↗
- José MALHAO MENDES stepped down as director. NBB
- Maurizio MARTINELLI stepped down as director. NBB
- Laurent EVRARD stepped down as director. NBB
- José MALHAO MENDES became a director. NBB
- Maurizio MARTINELLI became a director. NBB
- Laurent EVRARD became a director. NBB
- New establishment in Ath. KBO
In short
From € 11.5 million loss in 2022 to € 12.2 million loss in 2025.
Pays suppliers within 108 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Valeo Bayen, société par actions simplifiées de droit frança (100%) and Equipement 1, société par actions simplifiées de droit franç (0%).
Directors
According to the 2025 annual accounts
José MALHAO MENDES
Director
since 2025 · until 2026
Maurizio MARTINELLI
Director
since 2025 · until 2026
Laurent EVRARD
Managing director
since 2025 · until 2026
Shareholders
Valeo Bayen, société par actions simplifiées de droit frança
100%
Equipement 1, société par actions simplifiées de droit franç
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Parc Industriel(M.E) 31
7822 Ath
Zone Industrielle s/n
7822 Ath
Active since 1 March 1970
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.003.090
- VAT number
- BE 0407.003.090
- Registered office
- Rue du Parc Industriel(M.E) 31, 7822 Ath
- Names & denominations
- Valeo Vision Belgique
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1969
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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