Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
75 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
VALFRAIS from Halle, company number BE0418935773, closed financial year 2026 with a result of € -2 million after tax. For that financial year VALFRAIS recorded revenue of € 11.4 million and equity of € 664,980. Compared with financial year 2025, the result moved from € -2 million to € -2 million. The company made a loss. The buffer shrank hard: equity is 75 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 13, 2026.
€ 664,980
▼ 75% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▲ 1 % less loss than in 2025
Profit after tax over the fiscal year.
€ 9,193
▼ 97% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2026
27.9
▲ 1.9 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▲ 1% vs 2025
€ 77,000 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.
€ 43,171
▼ 62% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 685
▼ 99% vs 2025
Loans from banks and other lenders, long and short.
€ 837,722
▼ 35% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 28 days on average.
€ 1 million
▲ 9% vs 2025
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 16,434,224 | € 17,022,185 | € 16,686,145 | € 11,423,852 | ▼ 32% |
| Profit after taxes | € 4,663 | € -1,543,186 | € -2,043,191 | € -2,029,075 | ▲ € 14,116 |
| Equity | € 280,432 | € -1,262,754 | € 2,694,055 | € 664,980 | ▼ 75% |
| Total debts | € 6,246,928 | € 6,226,966 | € 9,333,152 | € 2,495,359 | ▼ 73% |
| Cash | € 194,892 | € 90,021 | € 285,073 | € 9,193 | ▼ 97% |
| Land & buildings | € 809,328 | € 752,706 | € 819,504 | € 807,006 | ▼ 2% |
| Retained profit | € -825,981 | € -2,369,167 | € -287,367 | € -2,163,029 | ▼ € 1.9 million |
| Bank debt | € 2,905,252 | € 1,928,974 | € 123,687 | € 685 | ▼ 99% |
| Balance sheet total | € 6,527,360 | € 4,964,212 | € 12,027,207 | € 3,160,339 | ▼ 74% |
| Employees (FTE) | 27.9 | 25.4 | 26 | 27.9 | ▲ 1.9 |
Key figures of VALFRAIS, fiscal years 2022 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to VALFRAIS?
What happened at VALFRAIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kris Castelein stepped down as director. NBB
- Stefaan Vandamme stepped down as director. NBB
- Stefan Goethaert stepped down as director. NBB
- Jo Willemyns stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 2 million. Source: NBB ↗
- New establishment in Fernelmont. KBO
- Kris Castelein became a director. NBB
- Stefaan Vandamme became a director. NBB
In short
From € 4,663 profit in 2022 to € 2 million loss in 2026.
Paid € 7,038 in corporate taxes since 2022.
Best year ever: 2022, with € 4,663 profit.
Pays suppliers within 28 days on average.
Management
The stake of TRADITION CAMPAGNARDE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VALFRAISThe shares are held by Solucious NV (100%) and TRADITION CAMPAGNARDE (45%).
Directors
According to the 2026 annual accounts
Kris Castelein
Director
since 2024 · until 2030
Stefaan Vandamme
Director
since 2024 · until 2030
Stefan Goethaert
Director
since 2024 · until 2030
Jo Willemyns
Director
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Edingensesteenweg 196
1500 Halle
Villeroux 0
6640 Vaux-sur-Sûre
Active since 1 October 1978
Allée des Abattoirs 1
5590 Ciney
Active since 1 February 2021
Rue du Trou du Sart, ZI, Nov. 2
5380 Fernelmont
Active since 23 June 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 75 companies are registered at this address.
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€ 711,633 gross margin · 2026
+70 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.935.773
- VAT number
- BE 0418.935.773
- Registered office
- Edingensesteenweg 196, 1500 Halle
- Names & denominations
- VALFRAIS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1978
- Peppol
- Active · Active since 1 Oct 2026
- Activities · NACE
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