VANELO CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of VANELO CONCEPT is 4.7% (elevated). The 2025 annual accounts show negative equity (€-47k) and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 1526 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+96
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.67 in 2024; short-term debt: 169.9% and cash: 4.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-69.9%
Return on assets
29.8%
Age of the figures
19 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1526 sector peers (2025).
NBB · sector comparisonPosition among 1526 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 25-07-2025, 67 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
67 d early
2024
227 d late
2023
60 d late
2022
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€-47k▲ 29.9%
2024 · €-67k
2022: €43khighest in 4 years
2023: €-27k▼ -163% vs 2022
2024: €-67k▼ -148% vs 2023lowest in 4 years
2025: €-47k▲ +29.9% vs 2024
2022 → 2025
Total assets
€68k▼ 58.5%
2024 · €163k
2022: €369khighest in 4 years
2023: €188k▼ -49.1% vs 2022
2024: €163k▼ -13.3% vs 2023
2025: €68k▼ -58.5% vs 2024lowest in 4 years
2022 → 2025
Net result
€20k
2024 · €-40k
2022: €-69k
2023: €-70k▼ -1.7% vs 2022lowest in 4 years
2024: €-40k▲ +43.0% vs 2023
2025: €20k▲ +150% vs 2024highest in 4 years
2022 → 2025
Working capital
€-51k▲ 33.3%
2024 · €-76k
2022: €232khighest in 4 years
2023: €38k▼ -83.6% vs 2022
2024: €-76k▼ -300% vs 2023lowest in 4 years
2025: €-51k▲ +33.3% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€43k-€-27k€-67k▼ 148%€-47k▲ 29.9%
2022: €43khighest in 4 years
2023: €-27k▼ -163% vs 2022
2024: €-67k▼ -148% vs 2023lowest in 4 years
2025: €-47k▲ +29.9% vs 2024
Operating result€-63k-€-66k▼ 3.3%€-38k▲ 42.3%€25k
2022: €-63k
2023: €-66k▼ -3.3% vs 2022lowest in 4 years
2024: €-38k▲ +42.3% vs 2023
2025: €25k▲ +165% vs 2024highest in 4 years
Net result€-69k-€-70k▼ 1.7%€-40k▲ 43.0%€20k
2022: €-69k
2023: €-70k▼ -1.7% vs 2022lowest in 4 years
2024: €-40k▲ +43.0% vs 2023
2025: €20k▲ +150% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €38k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68k
Fixed assets
€4k ▼ 58.5%
Current assets
€64k ▼ 58.5%
Key figures and ratios
EBITDA
€26k▲
2024 · €-36k
Cash flow
€21k▲
2024 · €-38k
Solvency
-69.9%▼
2024 · -41.4%
Current ratio
0.56▼
2024 · 0.67
Quick ratio
0.11▼
2024 · 0.17
Debt to equity
-2.43▲
2024 · -3.42
ROA
29.8%▲
2024 · -24.7%
Interest coverage
5.56▲
2024 · -7.36
Debt
€115k▼
2024 · €230k
Debt ≤ 1 year
€115k▼
2024 · €230k
Staff costs
€5k▼
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 84 lines
Balance sheet
Code20242025
Assets
Total assets20/58€163k€68k▼
Formation expenses20€0-
Fixed assets21/28€9k€4k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€9k€4k▼
Land and buildings22€0-
Plant, machinery and equipment23€222€0▼
Furniture and vehicles24€5k€592▼
Leasing and similar rights25€0-
Other tangible fixed assets26€3k€3k▼
Assets under construction and advance payments27€0-
Financial fixed assets28€0-
Current assets29/58€154k€64k▼
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€114k€51k▼
Stocks30/36€114k€51k▼
Contracts in progress37€0-
Amounts receivable within one year40/41€34k€10k▼
Trade receivables40€33k€6k▼
Other amounts receivable41€1k€4k▲
Current investments50/53€0-
Cash at bank and in hand54/58€918€3k▲
Deferred charges and accrued income490/1€5k€240▼
Equity and liabilities
Total equity and liabilities10/49€163k€68k▼
Equity10/15€-67k€-47k▲
Contributions10/11€113k€113k=
Revaluation surpluses12€0-
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Own shares acquired1312€0-
Financial assistance1313€0-
Other1319€0-
Tax-exempt reserves132€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-180k€-160k▲
Investment grants15€0-
Advance to shareholders on the distribution of net assets19€0-
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Pensions and similar obligations160€0-
Taxes161€0-
Major repairs and maintenance162€0-
Environmental obligations163€0-
Other liabilities and charges164/5€0-
Deferred taxes168€0-
Amounts payable17/49€230k€115k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Trade debts175€0-
Advances received on contracts in progress176€0-
Other amounts payable178/9€0-
Amounts payable within one year42/48€230k€115k▼
Current portion of amounts payable after more than one year42€146k€0▼
Financial debts43€10k€0▼
Credit institutions430/8€10k€0▼
Other loans439€0-
Trade debts44€50k€15k▼
Suppliers440/4€50k€15k▼
Bills of exchange payable441€0-
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€20k€26k▲
Taxes450/3€13k€19k▲
Remuneration and social security454/9€7k€7k▼
Other amounts payable47/48€3k€74k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€37k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€925▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€3k€36k▲
Operating profit (loss)9901€-38k€25k▲
Financial income75/76B€3k€84▼
Recurring financial income75€12€84▲
Non-recurring financial income76B€3k€0▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-40k€20k▲
Profit (loss) for the period9904€-40k€20k▲
Profit (loss) for the period to be appropriated9905€-40k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-180k€-160k▲
Profit (loss) brought forward from the previous period14P€-140k€-180k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24k | €65k | €37k | €5k | ▼ 87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €925 | €1k | €2k | €925 | ▼ 48.6% |
| Other operating charges640/8 | €335 | €1k | €2k | €1k | ▼ 35.7% |
| Non-recurring operating charges66A | - | - | - | €4k | - |
| Gross operating margin9900 | €-38k | €2k | €3k | €36k | ▲ 1,094% |
| Operating profit (loss)9901 | €-63k | €-66k | €-38k | €25k | ▲ 165% |
| Financial income75/76B | €5 | €416 | €3k | €84 | ▼ 96.7% |
| Recurring financial income75 | €5 | €416 | €12 | €84 | ▲ 598% |
| Non-recurring financial income76B | - | - | €3k | €0 | ▼ 100% |
| Financial charges65/66B | €6k | €5k | €5k | €5k | ▼ 5.9% |
| Recurring financial charges65 | €6k | €5k | €5k | €5k | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €-69k | €-70k | €-40k | €20k | ▲ 150% |
| Profit (loss) for the period9904 | €-69k | €-70k | €-40k | €20k | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €-69k | €-70k | €-40k | €20k | ▲ 150% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €369k | €188k | €163k | €68k | ▼ 58.5% |
| Formation expenses20 | - | - | €0 | - | - |
| Fixed assets21/28 | €4k | €6k | €9k | €4k | ▼ 58.5% |
| Intangible fixed assets21 | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €4k | €6k | €9k | €4k | ▼ 58.5% |
| Land and buildings22 | - | - | €0 | - | - |
| Plant, machinery and equipment23 | €2k | €1k | €222 | €0 | ▼ 100% |
| Furniture and vehicles24 | €2k | €1k | €5k | €592 | ▼ 88.6% |
| Leasing and similar rights25 | - | - | €0 | - | - |
| Other tangible fixed assets26 | - | €4k | €3k | €3k | ▼ 11.2% |
| Assets under construction and advance payments27 | - | - | €0 | - | - |
| Financial fixed assets28 | - | - | €0 | - | - |
| Current assets29/58 | €365k | €181k | €154k | €64k | ▼ 58.5% |
| Amounts receivable after more than one year29 | - | - | €0 | - | - |
| Trade receivables290 | - | - | €0 | - | - |
| Other amounts receivable291 | - | - | €0 | - | - |
| Stocks and contracts in progress3 | €199k | €146k | €114k | €51k | ▼ 55.3% |
| Stocks30/36 | €199k | €146k | €114k | €51k | ▼ 55.3% |
| Contracts in progress37 | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €45k | €16k | €34k | €10k | ▼ 71.5% |
| Trade receivables40 | €35k | €12k | €33k | €6k | ▼ 81.8% |
| Other amounts receivable41 | €10k | €4k | €1k | €4k | ▲ 207% |
| Current investments50/53 | - | - | €0 | - | - |
| Cash at bank and in hand54/58 | €117k | €15k | €918 | €3k | ▲ 229% |
| Deferred charges and accrued income490/1 | €4k | €4k | €5k | €240 | ▼ 95.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €369k | €188k | €163k | €68k | ▼ 58.5% |
| Equity10/15 | €43k | €-27k | €-67k | €-47k | ▲ 29.9% |
| Contributions10/11 | €113k | €113k | €113k | €113k | = |
| Revaluation surpluses12 | - | - | €0 | - | - |
| Reserves13 | - | - | €0 | - | - |
| Non-distributable reserves130/1 | - | - | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - |
| Own shares acquired1312 | - | - | €0 | - | - |
| Financial assistance1313 | - | - | €0 | - | - |
| Other1319 | - | - | €0 | - | - |
| Tax-exempt reserves132 | - | - | €0 | - | - |
| Distributable reserves133 | - | - | €0 | - | - |
| Profit (loss) carried forward14 | €-69k | €-140k | €-180k | €-160k | ▲ 11.2% |
| Investment grants15 | - | - | €0 | - | - |
| Advance to shareholders on the distribution of net assets19 | - | - | €0 | - | - |
| Provisions and deferred taxes16 | - | - | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €0 | - | - |
| Pensions and similar obligations160 | - | - | €0 | - | - |
| Taxes161 | - | - | €0 | - | - |
| Major repairs and maintenance162 | - | - | €0 | - | - |
| Environmental obligations163 | - | - | €0 | - | - |
| Other liabilities and charges164/5 | - | - | €0 | - | - |
| Deferred taxes168 | - | - | €0 | - | - |
| Amounts payable17/49 | €326k | €215k | €230k | €115k | ▼ 50.1% |
| Amounts payable after more than one year17 | €193k | €72k | €0 | - | - |
| Financial debts170/4 | €193k | €72k | €0 | - | - |
| Trade debts175 | - | - | €0 | - | - |
| Advances received on contracts in progress176 | - | - | €0 | - | - |
| Other amounts payable178/9 | - | - | €0 | - | - |
| Amounts payable within one year42/48 | €133k | €143k | €230k | €115k | ▼ 50.1% |
| Current portion of amounts payable after more than one year42 | €119k | €121k | €146k | €0 | ▼ 100% |
| Financial debts43 | - | - | €10k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €10k | €0 | ▼ 100% |
| Other loans439 | - | - | €0 | - | - |
| Trade debts44 | €10k | €10k | €50k | €15k | ▼ 70.2% |
| Suppliers440/4 | €10k | €10k | €50k | €15k | ▼ 70.2% |
| Bills of exchange payable441 | - | - | €0 | - | - |
| Advances received on contracts in progress46 | - | - | €0 | - | - |
| Taxes, remuneration and social security45 | €4k | €12k | €20k | €26k | ▲ 26.9% |
| Taxes450/3 | €155 | €6k | €13k | €19k | ▲ 44.8% |
| Remuneration and social security454/9 | €4k | €6k | €7k | €7k | ▼ 7.1% |
| Other amounts payable47/48 | €143 | €72 | €3k | €74k | ▲ 2,017% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-69k | €-70k | €-40k | €20k | ▲ 150% |
| + Depreciation and write-downs630 | €925 | €1k | €2k | €925 | ▼ 48.6% |
| Operating cash flow (approximation) | €-68k | €-69k | €-38k | €21k | ▲ 155% |
| Investment in fixed assets (approximation) | - | €-4k | €-4k | €4k | ▲ 200% |
| Change in cash | - | €-103k | €-14k | €2k | ▲ 115% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 227 days late
28-02
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
28-02
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2021
Ground area
33.7 ha
Building footprint
3,633 m²
Volume, LiDAR
60,440 m³
2 parcels, Brussels · tallest building 27.6 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VANELO CONCEPT SRL
since 20212.314.234.512
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0040/00P000 ProtectedSite or landscapeZoniënwoud op het grondgebied van Ukkel |
Brussels | 32.0 ha | 1 · 253 m² | 27.6 m · 2 fl. |
| 21447B0305/00Y027 | Brussels | 1.7 ha | 1 · 3,380 m² | 22.0 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 977 companies in sector 77210 we hold annual accounts for 217. 159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-02-2021
Fiscal year end28-02
Activities, NACEBEL 2025
77210Renting and leasing of sports and recreation goods
46495Wholesale trade
47632Retail sale of bicycles
Contact
Phone
0475/795635Ukkel
Scores and ratios are computed by Checked and are not a credit decision.