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 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VALSAN from Middelkerke, company number BE0429225196, closed financial year 2025 with a result of € -94,735 after tax. For that financial year VALSAN recorded a gross margin of € 119,387 and equity of € 972,797. Compared with financial year 2024, the result moved from € -32,560 to € -94,735. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 972,797
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -94,735
▼ 191 % more loss than in 2024
Profit after tax over the fiscal year.
€ 111,641
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2,367.
Debts at end 2025
€ 1.5 million
▲ 11% vs 2024
€ 98,814 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 35,167
▲ 201% vs 2024
Supplier invoices still open on the last day of the fiscal year.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 399,902 | € 203,027 | € 161,271 | € 119,387 | ▼ 26% |
| Profit after taxes | € 180,622 | € 37,507 | € -32,560 | € -94,735 | ▼ € 62,176 |
| Equity | € 1,062,585 | € 1,100,093 | € 1,067,533 | € 972,797 | ▼ 9% |
| Total debts | € 2,391,445 | € 2,301,359 | € 2,650,030 | € 2,863,598 | ▲ 8% |
| Cash | € 184,273 | € 188,036 | € 127,096 | € 111,641 | ▼ 12% |
| Land & buildings | € 2,429,066 | € 2,339,063 | € 2,671,260 | € 2,721,699 | ▲ 2% |
| Retained profit | € 87,421 | € 124,928 | € 92,369 | € -2,367 | ▼ € 94,735 |
| Bank debt | € 1,606,895 | € 1,005,281 | € 1,370,491 | € 1,515,081 | ▲ 11% |
| Balance sheet total | € 3,509,835 | € 3,453,485 | € 3,765,823 | € 3,880,884 | ▲ 3% |
Key figures of VALSAN, 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 VALSAN?
What happened at VALSAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 94,735. Source: NBB ↗
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 180,622 profit in 2022 to € 94,735 loss in 2025.
Best year ever: 2022, with € 180,622 profit.
A new publication or filing at VALSAN? We notify you, reason included.
Follow VALSANDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Behind VALSAN are Christine Vandecasteele and luk van den broeck. It owns 100% of bellegarde itself.
Directors
According to the 2025 annual accounts
Christine Vandecasteele
Director
luk van den broeck
Managing director
Establishments
Establishment units
Physical locations of this company
Zeedijk 300 box /0007
8430 Middelkerke
Zeedijk 300 box 7
8430 Middelkerke
Active since 21 August 1986
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →BELLEGARDE same network
€ 91,168 gross margin · 2025
ACCOUNTANCY VAN DEN BROECK - VANDECASTEELE
€ -4,279 gross margin · 2024
GICOR
€ -2,092 gross margin · 2025
Accountantskantoor Van den Broeck - Vandecasteele
Vereniging van Mede-eigenaars Residentie Belle Vue te Middelkerke, Zeedijk 300
+1 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
- 0429.225.196
- VAT number
- BE 0429.225.196
- Registered office
- Zeedijk 300 bus /0007, 8430 Middelkerke
- Names & denominations
- VALSAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 August 1986
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse administratieve activiteiten ten behoeve van kantoren