Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VAL DE THEUX from Spa, company number BE0451487785, closed financial year 2025 with a result of € -63,721 after tax. For that financial year VAL DE THEUX recorded a gross margin of € 580,371 and equity of € 791,375. Compared with financial year 2024, the result moved from € 153,512 to € -63,721. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 791,375
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -63,721
▼ still € 153,512 profit in 2024
Profit after tax over the fiscal year.
€ 37,897
▲ 178% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 772,775.
People and assets in 2025
€ 4,481
▲ € 4,435 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.4 million
▼ 3% vs 2024
€ 413,791 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 448,846
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 63,336
▼ 37% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 779,901 | € 488,997 | € 323,504 | € 580,371 | ▲ 79% |
| Profit after taxes | € -221,624 | € 721,790 | € 153,512 | € -63,721 | ▼ € 217,232 |
| Equity | € 318,136 | € 819,389 | € 855,096 | € 791,375 | ▼ 7% |
| Total debts | € 6,878,160 | € 6,068,430 | € 5,269,207 | € 5,032,032 | ▼ 5% |
| Cash | € 16,999 | € 45,090 | € 13,651 | € 37,897 | ▲ 178% |
| Land & buildings | € 4,811,117 | € 4,350,230 | € 3,932,566 | € 3,405,111 | ▼ 13% |
| Retained profit | € -38,806 | € 682,984 | € 836,496 | € 772,775 | ▼ 8% |
| Bank debt | € 5,659,062 | € 5,242,367 | € 4,498,937 | € 4,368,684 | ▼ 3% |
| Balance sheet total | € 7,196,296 | € 6,887,819 | € 6,124,303 | € 5,823,407 | ▼ 5% |
| Employees (FTE) | 4.2 | 2.2 | 1.7 | - |
Key figures of VAL DE THEUX, 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 VAL DE THEUX?
What happened at VAL DE THEUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 63,721 (▼ € 217,232 vs 2024). filed late Source: NBB ↗
- HAPPY HOUSE CONSTRUCT SRL became a director. NBB
- Alain KRICKEL became a director. NBB
- New establishment in Spa. KBO
- Start of the company according to the CBE. KBO
In short
From € 221,624 loss in 2022 to € 63,721 loss in 2025.
Paid € 77,123 in corporate taxes since 2022.
Best year ever: 2023, with € 721,790 profit.
On average € 190,300 of value added per employee in 2024.
Management
Behind VAL DE THEUX are HAPPY HOUSE CONSTRUCT SRL and Alain KRICKEL. The same people are also behind VERTIGE ENTRE CIEL ET TERRE. HAPPY HOUSE CONSTRUCT SRL is also behind BRASSERIE LA BOBELINE, BT GERONSTERE and KRIVOS. Alain KRICKEL is also behind AQUA CONSTRUCT +.
Directors
According to the 2025 annual accounts
Director · represented by Barbara KRICKEL
Also active at: VERTIGE ENTRE CIEL ET TERRE, BRASSERIE LA BOBELINE, BT GERONSTERE, KRIVOS
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Rue Rogier 14
4900 Spa
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →LA BELLE EPOQUE SPA
€ -6,732 gross margin · 2025
VERTIGE ENTRE CIEL ET TERRE same network
€ 74,179 gross margin · 2025
Le Franc'off
€ 735,177 gross margin · 2024
BRASSERIE LA BOBELINE same network
€ 536,431 gross margin · 2025
AQUA CONSTRUCT + same network
€ 820,017 gross margin · 2025
+9 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
- 0451.487.785
- VAT number
- BE 0451.487.785
- Registered office
- Rue Rogier 14, 4900 Spa
- Names & denominations
- VAL DE THEUX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 1993
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Handel in eigen onroerend goed
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