VEL - OIL
ActiveSummary
The computed 12-month bankruptcy probability of VEL - OIL is 1.8% (moderate). The 2025 annual accounts show equity of €12.52M and a net result of €1.47M. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 4157 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+1
Solvency100=
Growth67▼-1
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 6.21 against 3.46 in 2024; short-term debt: 8.6% and cash: 4.1% of total assets), and 8.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
91.4%
Return on assets
10.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
64 d early
2023
62 d early
2022
19 d early
2021
24 d early
2020
25 d early
2019
58 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€39.55M▼ 0.5%
2024 · €39.74M
2018: €30.77M
2019: €30.05M
2020: €22.79M
2021: €31.66M
2022: €43.22M
2023: €38.83M
2024: €39.74M
2018 → 2025
EBIT margin
4.8%▲ 0.7pp
2024 · 4.1%
2018: 1.4%
2019: 1.6%
2020: 1.7%
2021: 2.6%
2022: 5.0%
2023: 4.9%
2024: 4.1%
2018 → 2025
Net result
€1.47M▲ 17.3%
2024 · €1.25M
2018: €336k
2019: €334k
2020: €311k
2021: €636k
2022: €1.62M
2023: €1.42M
2024: €1.25M
2018 → 2025
Working capital
€6.14M▲ 33.7%
2024 · €4.60M
2018: €4.00M
2019: €1.76M
2020: €2.47M
2021: €2.96M
2022: €3.16M
2023: €3.77M
2024: €4.60M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€31.66M-€43.22M▲ 36.5%€38.83M▼ 10.2%€39.74M▲ 2.4%€39.55M▼ 0.5%
Equity€6.76M-€8.38M▲ 24.0%€9.80M▲ 16.9%€11.05M▲ 12.8%€12.52M▲ 13.3%
Operating result€810k-€2.14M▲ 164%€1.90M▼ 11.4%€1.63M▼ 14.1%€1.88M▲ 15.4%
Net result€636k-€1.62M▲ 155%€1.42M▼ 12.8%€1.25M▼ 11.5%€1.47M▲ 17.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.70M
Fixed assets
€6.38M ▼ 1.2%
Current assets
€7.32M ▲ 13.2%
Equity and liabilities €13.70M
Equity
€12.52M ▲ 13.3%
Debt
€1.18M ▼ 37.0%
Debt's share of the balance-sheet total falls from 14.5% to 8.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.99M▲
2024 · €1.85M
Cash flow
€1.57M▲
2024 · €1.47M
Current ratio
6.21▲
2024 · 3.46
Quick ratio
5.62▲
2024 · 3.07
Debt to equity
0.09▼
2024 · 0.17
ROE
11.7%▲
2024 · 11.3%
ROA
10.7%▲
2024 · 9.7%
Interest coverage
41.96▼
2024 · 45.75
Debt ≤ 1 year
€1.18M▼
2024 · €1.87M
Income taxes
€490k▲
2024 · €418k
Staff costs
€73k▼
2024 · €78k
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 · 72 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12.92M€13.70M▲
Fixed assets21/28€6.46M€6.38M▼
Tangible fixed assets22/27€2.28M€2.27M▼
Land and buildings22€2.26M€1.86M▼
Plant, machinery and equipment23-€380k
Furniture and vehicles24€26k€20k▼
Financial fixed assets28€4.17M€4.11M▼
Affiliated companies280/1€4.17M€4.11M▼
Participating interests280€250k€250k=
Amounts receivable281€3.92M€3.86M▼
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€6.47M€7.32M▲
Stocks and contracts in progress3€725k€699k▼
Stocks30/36€725k€699k▼
Goods purchased for resale34€725k€699k▼
Amounts receivable within one year40/41€3.42M€5.88M▲
Trade receivables40€340k€304k▼
Other amounts receivable41€3.08M€5.57M▲
Current investments50/53€159k€161k▲
Other investments51/53€159k€161k▲
Cash at bank and in hand54/58€2.12M€555k▼
Deferred charges and accrued income490/1€35k€30k▼
Equity and liabilities
Total equity and liabilities10/49€12.92M€13.70M▲
Equity10/15€11.05M€12.52M▲
Contributions10/11€211k€211k=
Capital10€211k€211k=
Issued capital100€211k€211k=
Reserves13€10.84M€12.31M▲
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€10.80M€12.27M▲
Amounts payable17/49€1.87M€1.18M▼
Amounts payable within one year42/48€1.87M€1.18M▼
Trade debts44€1.85M€1.16M▼
Suppliers440/4€1.85M€1.16M▼
Taxes, remuneration and social security45€24k€18k▼
Taxes450/3€14k€11k▼
Remuneration and social security454/9€9k€7k▼
Other amounts payable47/48€2k€2k=
Income statement
Code20242025
Operating income70/76A€39.82M€39.64M▼
Turnover70€39.74M€39.55M▼
Other operating income74€76k€86k▲
Non-recurring operating income76A€1k-
Operating charges60/66A€38.19M€37.76M▼
Goods for resale, raw materials and consumables60€36.92M€36.64M▼
Purchases600/8€36.99M€36.62M▼
Change in stocks: decrease (increase)609€-74k€26k▲
Services and other goods61€940k€894k▼
Remuneration, social security and pensions62€78k€73k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€219k€105k▼
Other operating charges640/8€31k€37k▲
Non-recurring operating charges66A-€6k
Operating profit (loss)9901€1.63M€1.88M▲
Financial income75/76B€80k€126k▲
Recurring financial income75€80k€126k▲
Income from current assets751€67k€117k▲
Other financial income752/9€14k€9k▼
Financial charges65/66B€40k€47k▲
Recurring financial charges65€40k€47k▲
Other financial charges652/9€40k€47k▲
Profit (loss) for the period before taxes9903€1.67M€1.96M▲
Income taxes67/77€418k€490k▲
Taxes670/3€418k€490k▲
Tax adjustments and reversals of tax provisions77€743-
Profit (loss) for the period9904€1.25M€1.47M▲
Profit (loss) for the period to be appropriated9905€1.25M€1.47M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.25M€1.47M▲
Transfer to equity691/2€1.25M€1.47M▲
To other reserves6921€1.25M€1.47M▲
Social balance
Average headcount (FTE)90871.00.9▼
The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €10MEq €11.05M ▲12.8%
7 profitable years in a row build equity to €11.05M.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.62M ▲155%
Operating result €2.14M, net result €1.62M, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €311k ▼7%
Net result drops to €311k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Lummen · 20 establishment units since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lindekensveld 53560 LummenGround area
3.4 ha
Building footprint
9,267 m²
Volume, LiDAR
47,128 m³
20 parcels, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
20 establishment units
VEL-OIL
since 19982.087.548.282
Vel-Oil
since 20102.193.119.619
VEL-OIL VORSELAAR
since 20132.223.581.676
VEL-OIL ZOERLE PARWIJS
since 20132.223.581.874
VEL-OIL PULLE
since 20132.223.581.973
VEL-OIL GIERLE
since 20132.223.582.072
Show 14 more locations
VEL-OIL MOL
since 20132.223.582.171
VEL-OIL MOL EZAART
since 20132.223.582.270
VEL-OIL HALEN
since 20132.223.582.369
VEL-OIL MEERHOUT
since 20132.223.582.468
VEL-OIL HAKENDOVER
since 20132.223.582.567
VEL-OIL NIEUWERKERKEN
since 20132.223.582.765
VEL-OIL GROBBENDONK
since 20132.223.582.963
VEL-OIL MEERHOUT
since 20132.223.583.062
VEL-OIL MALLE
since 20132.223.583.161
VEL-OIL OUD TURNHOUT
since 20132.223.583.260
VEL-OIL GEEL1
since 20132.223.583.359
VEL-OIL GEEL2
since 20132.223.583.458
VEN-OIL KASTERLEE
since 20132.223.603.848
VEN-OIL LICHTAART
since 20132.223.604.145
20 parcels
Flanders
20
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0006/00G000 | Flanders | 4,385 m² | 1 · 2,082 m² | 8.2 m · 2 fl. |
| 13044F0067/00D000 | Flanders | 4,286 m² | 1 · 991 m² | 9.6 m · 1 fl. |
| 13483I0783/00K000 | Flanders | 3,564 m² | 1 · 440 m² | 7.2 m · 2 fl. |
| 13025G0680/00P016 | Flanders | 3,547 m² | 1 · 1,139 m² | 6.3 m · 2 fl. |
| 13433E0210/00G004 | Flanders | 3,154 m² | 1 · 48 m² | 9.1 m · 1 fl. |
| 13029E0499/00S000 | Flanders | 2,552 m² | 1 · 658 m² | 6.8 m · 1 fl. |
| 13374F0171/00T000 | Flanders | 2,087 m² | 1 · 492 m² | 7.1 m · 1 fl. |
| 13052A0021/00V003 | Flanders | 1,978 m² | 1 · 1,047 m² | 6.5 m · 1 fl. |
| 13009C0698/00K003 | Flanders | 1,423 m² | 1 · 392 m² | 9.9 m · 2 fl. |
| 71020A0086/00R002 | Flanders | 1,193 m² | - | - |
| 13010E0193/00G000 | Flanders | 1,130 m² | - | - |
| 71037C1846/00Z000 | Flanders | 1,097 m² | 1 · 593 m² | 14.5 m · 3 fl. |
| 13017F0589/00B000 | Flanders | 978 m² | - | - |
| 11034B0112/00E003 | Flanders | 822 m² | 1 · 169 m² | 11.4 m · 1 fl. |
| 13462C1527/00W000 | Flanders | 456 m² | 1 · 225 m² | 8.1 m · 1 fl. |
| 71006B0126/00R004 | Flanders | 317 m² | 1 · 96 m² | 3.4 m · 1 fl. |
| 13021A1399/00L002 | Flanders | 212 m² | 1 · 522 m² | 11.2 m · 2 fl. |
| 13018D0221/00Z002 | Flanders | 187 m² | 1 · 177 m² | 6.4 m · 2 fl. |
| 13372A1155/00S002 | Flanders | 126 m² | 1 · 126 m² | 9.4 m · 2 fl. |
| 24594C0295/00P000indicative | Flanders | 87 m² | 1 · 70 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 19
19 of 20 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 1,266 companies in sector 47300 we hold annual accounts for 945. 78 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
47300Retail sale of automotive fuel
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.