ACTIVE

VALIPAT

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Financial year 2025 · closed on 31/12/2025

Net result

7,5 M €

-35.8% YoY

Revenue

31,3 M €

-9.7% YoY

Equity

9,9 M €

-29.8% YoY

Workforce

5,8 ETP

-17.1% YoY

What does VALIPAT do?

VALIPAT is a Private limited company incorporated in 2008. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Ixelles. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.735.439

Incorporation

01/10/2008

Legal form

Private limited company

Registered office

Avenue Louise 54
1050 Ixelles · BruxellesSee on map

Contributed capital

2 074 459,52 €

Latest accounts

31/12/2025

Average workforce

5,8 ETP

Activities (NACE)

82990Other business support service activities n.e.c.· main 82990Other business support service activities n.e.c.62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (2)

Contacts

4 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	31,3 M €	-9.7%	34,7 M €	-0.5%	34,9 M €	-9.4%	38,5 M €	-23.3%	50,2 M €	+1.3%	49,5 M €	+4.2%	47,5 M €	-8.8%	52,1 M €	+15.8%	45 M €	+40.8%	32 M €	+47.8%	21,6 M €	+18.6%	18,2 M €	+5.7%	17,3 M €	+35.9%	12,7 M €	+46.9%	8,6 M €		–		–
EBITDA	10,3 M €	-26.2%	14 M €	-15.3%	16,5 M €	+46.2%	11,3 M €	+30.2%	8,7 M €	+7.0%	8,1 M €	+3188%	246,1 k €	-96.8%	7,7 M €	-1.4%	7,8 M €	+100%	3,9 M €	+77.2%	2,2 M €	+103%	1,1 M €	-15.7%	1,3 M €	+15.7%	1,1 M €	+102%	549,4 k €	+55.7%	352,8 k €	+385%	72,7 k €
Operating result	9,3 M €	-28.3%	13 M €	-16.9%	15,6 M €	+62.7%	9,6 M €	+42.9%	6,7 M €	+10.0%	6,1 M €	+397%	-2,1 M €	-132%	6,4 M €	-3.3%	6,6 M €	+132%	2,8 M €	+168%	1,1 M €	+436%	197,5 k €	-42.0%	340,4 k €	-33.5%	511,8 k €	+633%	-96 k €	-1083%	-8,1 k €	+91.4%	-94,5 k €
Net result	7,5 M €	-35.8%	11,7 M €	-64.1%	32,7 M €	+287%	8,5 M €	+26.5%	6,7 M €	+17.6%	5,7 M €	+486%	-1,5 M €	-129%	5 M €	-4.7%	5,3 M €	+124%	2,4 M €	+184%	829,8 k €	+381%	172,7 k €	-22.9%	224 k €	-53.1%	477,9 k €	+391%	-164,4 k €	-169%	-61,2 k €	+79.4%	-297,7 k €
Balance sheet
Equity	9,9 M €	-29.8%	14,1 M €	+492%	2,4 M €	-93.2%	35 M €	+31.8%	26,6 M €	+33.6%	19,9 M €	+40.0%	14,2 M €	-9.4%	15,7 M €	+47.2%	10,7 M €	+125%	4,7 M €	+132%	2 M €	+43.0%	1,4 M €	+13.8%	1,3 M €	+4127%	29,7 k €	+107%	-448,3 k €	-57.9%	-283,9 k €	-27.5%	-222,7 k €
Total assets	25,9 M €	-18.9%	32 M €	+32.2%	24,2 M €	-57.4%	56,7 M €	+8.0%	52,5 M €	+17.7%	44,6 M €	+10.6%	40,3 M €	+33.7%	30,2 M €	+8.1%	27,9 M €	+30.8%	21,3 M €	+89.6%	11,3 M €	+73.9%	6,5 M €	+0.5%	6,4 M €	+9.8%	5,9 M €	+23.6%	4,8 M €	+91.2%	2,5 M €	+188%	864,1 k €
Cash	4,2 M €	-32.4%	6,2 M €	-41.9%	10,7 M €	+46.1%	7,3 M €	-39.1%	12 M €	-9.5%	13,2 M €	+380%	2,8 M €	-58.5%	6,6 M €	+151%	2,6 M €	+12.5%	2,4 M €	-5.5%	2,5 M €	+581%	365,9 k €	+153%	144,7 k €	-64.4%	406,4 k €	+446%	74,4 k €	-67.3%	227,2 k €	+224%	70,2 k €
Debts	3,9 M €	-21.8%	5 M €	-3.9%	5,2 M €	-12.5%	5,9 M €	-46.4%	11,1 M €	+1.0%	11 M €	-15.0%	12,9 M €	-1.3%	13 M €	-17.8%	15,9 M €	+4.6%	15,2 M €	+90.1%	8 M €	+94.5%	4,1 M €	-9.8%	4,6 M €	-20.8%	5,7 M €	+11.8%	5,1 M €	+98.1%	2,6 M €	+139%	1,1 M €
Other
Workforce	5,8 ETP	-17.1%	7,0 ETP	-43.1%	12,3 ETP	-22.2%	15,8 ETP	-74.3%	61,5 ETP	-32.9%	91,7 ETP	-5.5%	97,0 ETP	+4.5%	92,8 ETP	+24.9%	74,3 ETP	+34.1%	55,4 ETP	+30.7%	42,4 ETP	+14.9%	36,9 ETP	+2.8%	35,9 ETP	+70.1%	21,1 ETP	+103%	10,4 ETP	+31.6%	7,9 ETP	+51.9%	5,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 48 ended

Active mandates

Mark Kenrick

Director · since 01 avril 2024

Active

Robin Oxley

Director · since 01 avril 2024

Active

Ended mandates

Francois Neuville

Director · since 28 avril 2023 · until 01 avril 2024

Ended

François Neuville

Director · since 28 avril 2023

Ended

Stefaan De Ridder

Director · since 31 mars 2021 · until 30 septembre 2021

Ended

Stefaan De Ridder

Director · since 31 mars 2021

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
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	15/05/2026	11/06/2025	29/07/2024	12/07/2023	04/08/2022	22/09/2021
General meeting	27/04/2026	14/05/2025	24/07/2024	30/06/2023	01/08/2022	01/01/9999
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	USD
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/04/2026	15/05/2026	Dutch	PDF
Full model	31/12/2024	14/05/2025	11/06/2025	Dutch	PDF
Full model	31/12/2023	24/07/2024	29/07/2024	Dutch	PDF
m120-f-p	31/12/2023	07/05/2024	26/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
m120-f-p	31/12/2022	04/05/2023	19/07/2023	Dutch	PDF
Full model	31/12/2021	01/08/2022	04/08/2022	Dutch	PDF
m120-f-p	31/12/2021	05/05/2022	21/12/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	30/06/2021	French	PDF
m120-f-p	31/12/2020	01/01/9999	22/09/2021	French	PDF
Full model	31/12/2019	15/10/2020	23/10/2020	French	PDF
m120-f-p	31/12/2019	01/01/9999	29/10/2020	French	PDF
Full model	31/12/2018	28/06/2019	22/07/2019	French	PDF
m120-f-p	31/12/2018	28/06/2019	22/07/2019	French	PDF
Full model	31/12/2017	08/06/2018	21/06/2018	French	PDF
Full modelCorrection	31/12/2016	31/05/2018	31/05/2018	French	PDF
Full model	31/12/2016	19/05/2017	08/06/2017	French	PDF
Full model	31/12/2015	27/04/2016	17/05/2016	French	PDF
Full model	31/12/2014	19/06/2015	26/06/2015	French	PDF
Full model	31/12/2013	25/04/2014	30/04/2014	French	PDF
Full model	31/12/2012	26/04/2013	25/07/2013	French	PDF
Full model	31/12/2011	27/04/2012	07/08/2012	French	PDF
Abridged model	31/12/2010	29/04/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	30/04/2010	05/08/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 48 ended

Active mandates

Mark Kenrick

Director · since 01 avril 2024

Active

Robin Oxley

Director · since 01 avril 2024

Active

Ended mandates

Francois Neuville

Director · since 28 avril 2023 · until 01 avril 2024

Ended

François Neuville

Director · since 28 avril 2023

Ended

Stefaan De Ridder

Director · since 31 mars 2021 · until 30 septembre 2021

Ended

Stefaan De Ridder

Director · since 31 mars 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/12/2024
BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other29/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring29/08/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring29/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates31/05/2023
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

27/04/2026
nominationBrecht Lokere — commissaris
2025
Annual accounts 20257,5 M €↓
2024
Annual accounts 202411,7 M €↓
01/04/2024
nominationMark Lloyd Kenrick — bestuurder
01/04/2024
nominationRobin John George Oxley — bestuurder
2023
Annual accounts 202332,7 M €↑
30/06/2023
nominationBrecht Lokere — commissaris
28/04/2023
nominationFrançois Anne P. Neuville — bestuurder
2022
Annual accounts 20228,5 M €↑
2021
Annual accounts 20216,7 M €↑
2020
Annual accounts 20205,7 M €↑
2019
Annual accounts 2019-1,5 M €↓
2018
Annual accounts 20185 M €↓
2017
Annual accounts 20175,3 M €↑
2016
Annual accounts 20162,4 M €↑
2015
Annual accounts 2015829,8 k €↑
2014
Annual accounts 2014172,7 k €↓
2013
Annual accounts 2013224 k €↓
2012
Annual accounts 2012477,9 k €↑
2011
Annual accounts 2011-164,4 k €↓
2010
Annual accounts 2010-61,2 k €↑
2009
Annual accounts 2009-297,7 k €
01/10/2008
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VALIPAT

Overview

What does VALIPAT do?

Trend over 17 financial years

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