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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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 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VALKA PROJECTS from Harelbeke, company number BE0744958218, closed financial year 2025 with a result of € -11,060 after tax. For that financial year VALKA PROJECTS recorded a gross margin of € 9,130 and equity of € -168,432. Compared with financial year 2024, the result moved from € -7,546 to € -11,060. 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 July 23, 2026.
€ -168,432
▼ € 11,061 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,060
▼ 47 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,556
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -181,432.
People and assets in 2025
€ 1,448
▼ 79% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 240,000
▲ € 239,447 vs 2024
€ 12,000 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 1,239
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -28,666 | € -24,462 | € 18,637 | € 9,130 | ▼ 51% |
| Profit after taxes | € -67,615 | € -52,856 | € -7,546 | € -11,060 | ▼ € 3,514 |
| Equity | € -96,969 | € -149,825 | € -157,371 | € -168,432 | ▼ € 11,061 |
| Total debts | € 896,824 | € 315,294 | € 299,851 | € 305,365 | ▲ 2% |
| Cash | € 10,985 | € 59,965 | € 4,961 | € 3,556 | ▼ 28% |
| Retained profit | € -109,969 | € -162,825 | € -170,371 | € -181,432 | ▼ € 11,061 |
| Bank debt | € 660,765 | € 6,960 | € 553 | € 240,000 | ▲ € 239,447 |
| Balance sheet total | € 799,855 | € 165,469 | € 142,480 | € 136,933 | ▼ 4% |
Key figures of VALKA PROJECTS, 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 VALKA PROJECTS?
What happened at VALKA PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,060. Source: NBB ↗
- Wout Valcke became a director. NBB
- New establishment in Harelbeke. KBO
- Cindy Cardon became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 67,615 loss in 2022 to € 11,060 loss in 2025.
Paid € 1 in corporate taxes since 2022.
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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
Behind VALKA PROJECTS are Wout Valcke and Cindy Cardon. The same people are also behind WY PROJECTS. Cindy Cardon is also behind VALKA.
Directors
According to the 2025 annual accounts
since 2022
since 2020
Establishments
Establishment units
Physical locations of this company
Heerbaan 71
8530 Harelbeke
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
- 0744.958.218
- VAT number
- BE 0744.958.218
- Registered office
- Heerbaan 71, 8530 Harelbeke
- Names & denominations
- VALKA PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2020
- Peppol
- Active · Active since 7 Dec 2025
- Activities · NACE
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