ACTIVE

VAL DE THEUX

Financial year 2025 · Closed on 31/12/2025

Net result-63,7 k €-141,5 %over 1 year

Gross margin580,4 k €+79,4 %over 1 year

Equity791,4 k €-7,5 %over 1 year

Identity

Source · BCE/KBO

VAL DE THEUX is a Private limited company incorporated in 1993. Its main activity is: Buying and selling of own real estate. Its registered office is in Spa.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0451.487.785
Incorporation: 25/11/1993
Legal form: Private limited company
Registered office: Rue Rogier 14
4900 Spa · WallonieSee on map
Contributed capital: 18 600,01 €
Latest accounts: 31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 41001Construction of buildings 41002Construction of buildings 41003Construction of buildings 41201Construction of residential and non-residential buildings+2

Signals

Positive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	580,4 k €	+79.4%	323,5 k €	-33.8%	489 k €	-37.3%	779,9 k €	+28.5%	606,9 k €
EBITDA	382,3 k €	+131%	165,7 k €	-35.2%	255,8 k €	-34.3%	389 k €	-14.8%	456,6 k €
Operating result	71,8 k €	+123%	-309,9 k €	-27.8%	-242,4 k €	-55.7%	-155,7 k €	-71.5%	-90,8 k €
Net result	-63,7 k €	-142%	153,5 k €	-78.7%	721,8 k €	+426%	-221,6 k €	-267%	132,6 k €
Balance sheet
Equity	791,4 k €	-7.5%	855,1 k €	+4.4%	819,4 k €	+158%	318,1 k €	-41.1%	539,8 k €
Total assets	5,8 M €	-4.9%	6,1 M €	-11.1%	6,9 M €	-4.3%	7,2 M €	-4.4%	7,5 M €
Cash	37,9 k €	+178%	13,7 k €	-69.7%	45,1 k €	+165%	17 k €	-69.6%	55,9 k €
Debts	5 M €	-4.6%	5,3 M €	-13.2%	6,1 M €	-11.8%	6,9 M €	-1.6%	7 M €
Other
Workforce	–		1,7 ETP	-22.7%	2,2 ETP	-47.6%	4,2 ETP	+200%	1,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alain KRICKEL	Directorsince 30/03/2015Manager30/03/2015 → 2018 accountsendedManaging director05/06/2014 → 2014 accountsended
HAPPY HOUSE CONSTRUCT0878.952.434Represented by Barbara KRICKEL	Directorsince 13/01/2017

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Barbara KRICKEL	Director01/02/2019 → 2022 accountsManager30/03/2015 → 2018 accountsAssociate30/03/2015 → 2017 accounts
BARABARA KRICKEL	Associate30/03/2015 → 2015 accounts

Other companies at this address

Rue Rogier 14 4900 Spa

Company	CBE no.
A.I. CONSTRUCT● Active	0882.032.975
AQUA CONSTRUCT +● Active	0663.588.282
BRASSERIE LA BOBELINE● Active	0555.674.495
BT GERONSTERE● Active	0699.497.088
D.H.A.K.● Active	0672.554.349
GYYMTONIC● Active	0899.712.711
HAPPY HOUSE CONSTRUCT● Active	0878.952.434
KRIVOS● Active	0748.701.230
LA BELLE EPOQUE SPA● Active	0452.826.484
LA GERONSTERE● Active	0699.502.929
Le Franc'off● Active	0502.628.957
LE PALMARES● Active	0715.594.140
UNITE GROUPE KRICKEL● Active	0679.653.660
VERTIGE ENTRE CIEL ET TERRE● Active	0478.575.630

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2026	11/09/2025	21/08/2024	29/08/2023	24/08/2022	19/07/2021
General meeting	23/06/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	22/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/06/2026	30/09/2026	French	PDF
Abridged model	31/12/2024	24/06/2025	11/09/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	24/08/2022	French	PDF
Abridged model	31/12/2020	22/06/2021	19/07/2021	French	PDF
Abridged model	31/12/2019	23/06/2020	03/07/2020	French	PDF
Abridged model	31/12/2018	25/06/2019	20/08/2019	French	PDF
Abridged model	31/12/2017	26/06/2018	12/07/2018	French	PDF
Abridged model	30/06/2016	15/12/2016	27/12/2016	French	PDF
Abridged model	30/06/2015	17/12/2015	22/12/2015	French	PDF
Abridged model	30/06/2014	25/07/2014	22/08/2014	French	PDF
Abridged model	30/06/2013	26/07/2013	28/10/2013	French	PDF
Abridged model	30/06/2012	21/07/2012	31/12/2012	French	PDF
Abridged model	30/06/2011	22/07/2011	24/11/2011	French	PDF
Abridged model	30/06/2010	23/07/2010	21/09/2010	French	PDF
Abridged model	30/06/2009	24/07/2009	14/12/2009	French	PDF
Abridged model	30/06/2008	25/07/2008	02/10/2008	French	PDF
Abridged model	30/06/2007	03/09/2007	27/09/2007	German	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alain KRICKEL	Directorsince 30/03/2015Manager30/03/2015 → 2018 accountsendedManaging director05/06/2014 → 2014 accountsended
HAPPY HOUSE CONSTRUCT0878.952.434Represented by Barbara KRICKEL	Directorsince 13/01/2017

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Barbara KRICKEL	Director01/02/2019 → 2022 accountsManager30/03/2015 → 2018 accountsAssociate30/03/2015 → 2017 accounts
BARABARA KRICKEL	Associate30/03/2015 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office09/05/2025
SIEGE SOCIAL
PDF
Mandates12/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office09/05/2023
SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
PDF
Mandates22/02/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office27/11/2017
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates31/07/2017
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates31/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates10/04/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

HAPPY HOUSE CONSTRUCT

Alain KRICKEL

Barbara KRICKEL

BARABARA KRICKEL

Benjamin Krickel

José HOTTE

Charles HOTTE

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

VAL DE THEUX

Rue Rogier 14, 4900 SpaPlace Verte 92, 4900 Spa

Director

DirectorManager

DirectorManagerAssociate

ManagerAssociateDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Rogier 14, 4900 SpaCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00546662
Place Verte 92, 4900 Spa	accounts 2022 → 2023	Accounts 2023 · 2024-00357542
RUE CHINHEID 7 bte B011, 4860 Pepinster	accounts 2021	Accounts 2021 · 2022-20319741

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VAL DE THEUXCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00546662

Events

2025
Annual accounts 2025-63,7 k €↓
2024
Annual accounts 2024153,5 k €↓
2023
Annual accounts 2023721,8 k €↑
2022
Annual accounts 2022-221,6 k €↓
2021
Annual accounts 2021132,6 k €↑
2020
Annual accounts 2020-247 k €↓
2019
Annual accounts 2019233,5 k €↑
2018
Annual accounts 201838,5 k €↓
2017
Annual accounts 201759,9 k €↓
2016
Annual accounts 2016139,3 k €↑
2015
Annual accounts 201513,2 k €↑
2014
Annual accounts 2014-17,2 k €↓
2013
Annual accounts 201344,7 k €↑
2012
Annual accounts 201239,8 k €↑
2011
Annual accounts 201122,9 k €↑
2010
Annual accounts 2010-17,7 k €↓
2009
Annual accounts 2009-14,6 k €↑
2008
Annual accounts 2008-15,3 k €↓
2007
Annual accounts 2007-14,4 k €
25/11/1993
IncorporationPrivate limited company

VAL DE THEUX

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events