VEL CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of VEL CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €177k and a net result of €19k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 27965 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-13
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.96 against 4.12 in 2024; short-term debt: 20.1% and cash: 8.5% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.9%
Return on assets
8.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
18 d early
2024
on the day
2023
23 d late
2022
3 d late
2021
1 d late
2020
33 d late
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Turnover
€209k▲ 18.6%
2020 · €177k
EBIT margin
19.6%▲ 1.7pp
2020 · 18.0%
Net result
€19k▼ 29.4%
2024 · €27k
Working capital
€176k▲ 12.6%
2024 · €156k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€209k▲ 18.6%
Operating result€41k▲ 29.7%€41k▼ 0.7%€32k▼ 22.2%€36k▲ 13.8%€39k▲ 8.6%
Net result€23k▼ 9.6%€27k▲ 20.5%€24k▼ 13.5%€27k▲ 14.6%€19k▼ 29.4%
EBIT margin19.6%▲ 1.7pp
Equity€79k▲ 40.1%€107k▲ 34.5%€130k▲ 22.2%€157k▲ 20.8%€177k▲ 12.2%
Total assets€109k▲ 54.5%€150k▲ 37.5%€198k▲ 31.8%€208k▲ 5.1%€221k▲ 6.4%
Debt€30k▲ 113%€43k▲ 45.3%€67k▲ 55.6%€50k▼ 25.4%€44k▼ 11.5%
Working capital€79k▲ 40.1%€107k▲ 34.5%€130k▲ 22.2%€156k▲ 20.1%€176k▲ 12.6%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221k
Fixed assets
€380 ▼ 60.0%
Current assets
€221k ▲ 6.7%
Equity and liabilities €221k
Equity
€177k ▲ 12.2%
Debt
€44k ▼ 11.5%
Debt's share of the balance-sheet total falls from 24.2% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▲
2024 · €36k
Cash flow
€20k▼
2024 · €27k
Current ratio
4.96▲
2024 · 4.12
Debt to equity
0.25▼
2024 · 0.32
ROE
10.8%▼
2024 · 17.2%
ROA
8.7%▼
2024 · 13.1%
Interest coverage
5.15▼
2024 · 115.63
Debt ≤ 1 year
€44k▼
2024 · €50k
Income taxes
€13k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €209k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €190 | €570 | ▲ 200% |
| Other operating charges640/8 | - | €2k | €2k | €3k | €1k | ▼ 47.1% |
| Gross operating margin9900 | €44k | €43k | €34k | €40k | €41k | ▲ 2.7% |
| Operating profit (loss)9901 | €41k | €41k | €32k | €36k | €39k | ▲ 8.6% |
| Financial income75/76B | - | - | €349 | - | €556 | - |
| Recurring financial income75 | - | - | €349 | - | €556 | - |
| Financial charges65/66B | - | €4k | €1k | €314 | €8k | ▲ 2,360% |
| Recurring financial charges65 | €10k | €4k | €1k | €314 | €8k | ▲ 2,360% |
| Profit (loss) for the period before taxes9903 | €31k | €37k | €31k | €36k | €32k | ▼ 10.5% |
| Income taxes67/77 | €8k | €9k | €7k | €9k | €13k | ▲ 47.9% |
| Profit (loss) for the period9904 | €23k | €27k | €24k | €27k | €19k | ▼ 29.4% |
| Profit (loss) for the period to be appropriated9905 | €23k | €27k | €24k | €27k | €19k | ▼ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109k | €150k | €198k | €208k | €221k | ▲ 6.4% |
| Fixed assets21/28 | - | - | - | €950 | €380 | ▼ 60.0% |
| Tangible fixed assets22/27 | - | - | - | €950 | €380 | ▼ 60.0% |
| Furniture and vehicles24 | - | - | - | €950 | €380 | ▼ 60.0% |
| Current assets29/58 | €109k | €150k | €198k | €207k | €221k | ▲ 6.7% |
| Amounts receivable within one year40/41 | €103k | €149k | €182k | €203k | €202k | ▼ 0.7% |
| Trade receivables40 | - | €46k | €54k | €51k | €72k | ▲ 41.9% |
| Other amounts receivable41 | - | €104k | €128k | €152k | €129k | ▼ 15.0% |
| Cash at bank and in hand54/58 | €6k | €453 | €16k | €3k | €19k | ▲ 444% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109k | €150k | €198k | €208k | €221k | ▲ 6.4% |
| Equity10/15 | €79k | €107k | €130k | €157k | €177k | ▲ 12.2% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €0 | €0 | €0 | €0 | €0 | = |
| Non-distributable reserves130/1 | - | €0 | €0 | €0 | €0 | = |
| Reserves not available under the articles1311 | - | €0 | €0 | €0 | €0 | = |
| Profit (loss) carried forward14 | €79k | €107k | €130k | €157k | €177k | ▲ 12.2% |
| Amounts payable17/49 | €30k | €43k | €67k | €50k | €44k | ▼ 11.5% |
| Amounts payable within one year42/48 | €30k | €43k | €67k | €50k | €44k | ▼ 11.5% |
| Trade debts44 | €11k | €21k | €43k | €18k | €17k | ▼ 5.6% |
| Suppliers440/4 | - | €17k | €26k | €5k | €15k | ▲ 205% |
| Bills of exchange payable441 | - | €4k | €17k | €13k | €2k | ▼ 84.8% |
| Taxes, remuneration and social security45 | - | €22k | €25k | €32k | €27k | ▼ 14.9% |
| Taxes450/3 | - | €22k | €25k | €28k | €27k | ▼ 4.0% |
| Remuneration and social security454/9 | - | - | - | €4k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €27k | €24k | €27k | €19k | ▼ 29.4% |
| + Depreciation and write-downs630 | - | - | - | €190 | €570 | ▲ 200% |
| Operating cash flow (approximation) | €23k | €27k | €24k | €27k | €20k | ▼ 27.8% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €-6k | €15k | €-12k | €15k | ▲ 225% |
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
Next filing, fiscal year 2026, expected by
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150kEq €157k ▲20.8%
6 profitable years in a row build equity to €157k.
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
31-03
Financial
Highest result since 2019net €27k ▲20.5%
Net result €27k, the highest in the series.
31-03
Financial
Equity above €100kEq €107k ▲34.5%
4 profitable years in a row build equity to €107k.
2021
01-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 33 days late
31-03
Financial
Liquidity triplescurrent ratio 5.04
Current ratio from 1.99 to 5.04; short-term debt falls from €32k to €14k.
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht
Ground area
99 m²
Building footprint
89 m²
Volume, LiDAR
1,129 m³
Parcel 21001A0562/00E002, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0562/00E002 | Brussels | 99 m² | 1 · 89 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,634. 1,316 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 (pre-2019)
Founded18-10-2016
Fiscal year end31-03
Activities, NACEBEL 2025
43240Other construction installation
43230Insulation installation
43350Other building finishing work
43990Other specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.