VELO28
ActiveVELO28 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.22M and a net result of €-192k. Equity is shrinking by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-3
Solvency69▲+4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.78 in 2024; short-term debt: 47.1% and cash: 0.1% of total assets), and 55.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
44.2%
Return on assets
-2.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-192k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
19 d early
2022
11 d early
2021
5 d early
2020
2 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.22M▼ 5.6%
2024 · €3.41M
2020: €7.39M
2021: €7.09M
2022: €6.49M
2023: €5.46M
2024: €3.41M
2020 → 2025
Total assets
€7.28M▼ 15.4%
2024 · €8.61M
2020: €9.44M
2021: €9.90M
2022: €10.32M
2023: €9.96M
2024: €8.61M
2020 → 2025
Net result
€-192k▼ 282%
2024 · €-50k
2020: €-159k
2021: €-297k
2022: €-600k
2023: €-35k
2024: €-50k
2020 → 2025
Working capital
€-2.82M▼ 312%
2024 · €-685k
2020: €5.23M
2021: €4.89M
2022: €4.00M
2023: €2.41M
2024: €-685k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.09M-€6.49M▼ 8.5%€5.46M▼ 15.9%€3.41M▼ 37.6%€3.22M▼ 5.6%
Operating result€-215k-€-207k▲ 3.8%€-242k▼ 17.0%€-282k▼ 16.6%€-197k▲ 30.1%
Net result€-297k-€-600k▼ 102%€-35k▲ 94.2%€-50k▼ 44.5%€-192k▼ 282%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €197k in 2025 against €282k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.28M
Fixed assets
€6.67M▲ 7.3%
Current assets
€614k▼ 74.3%
Equity and liabilities €7.28M
Equity
€3.22M▼ 5.6%
Debt
€4.07M▼ 21.7%
The debt ratio falls from 60.4% to 55.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-38k▲
2024 · €-154k
Cash flow
€-32k▼
2024 · €78k
Solvency
44.2%▲
2024 · 39.6%
Current ratio
0.18▼
2024 · 0.78
Quick ratio
0.18▼
2024 · 0.78
Debt / equity
1.26▼
2024 · 1.52
ROE
-6.0%▼
2024 · -1.5%
ROA
-2.6%▼
2024 · -0.6%
Interest coverage
-1.16▲
2024 · -5.59
Debt
€4.07M▼
2024 · €5.20M
Debt ≤ 1 year
€3.43M▲
2024 · €3.07M
Debt > 1 year
€632k▼
2024 · €2.12M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.61M€7.28M▼
Fixed assets21/28€6.22M€6.67M▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€4.33M€4.79M▲
Land and buildings22€4.27M€4.74M▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€45k€37k▼
Other tangible fixed assets26€9k€9k=
Financial fixed assets28€1.88M€1.88M=
Current assets29/58€2.39M€614k▼
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Amounts receivable within one year40/41€274k€232k▼
Trade receivables40€35k€2k▼
Other amounts receivable41€238k€230k▼
Current investments50/53€1.85M€264k▼
Cash at bank and in hand54/58€139k€9k▼
Deferred charges and accrued income490/1€24k€10k▼
Equity and liabilities
Total equity and liabilities10/49€8.61M€7.28M▼
Equity10/15€3.41M€3.22M▼
Contributions10/11€4.55M€4.55M=
Profit (loss) carried forward14€-1.14M€-1.33M▼
Amounts payable17/49€5.20M€4.07M▼
Amounts payable after more than one year17€2.12M€632k▼
Financial debts170/4€2.12M€632k▼
Amounts payable within one year42/48€3.07M€3.43M▲
Current portion of amounts payable after more than one year42€79k€51k▼
Trade debts44€61k€69k▲
Suppliers440/4€61k€69k▲
Advances received on contracts in progress46€9k€4k▼
Taxes, remuneration and social security45€6k€205▼
Taxes450/3€6k€205▼
Other amounts payable47/48€2.92M€3.31M▲
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€128k€159k▲
Other operating charges640/8€9k€20k▲
Gross operating margin9900€-144k€-18k▲
Operating profit (loss)9901€-282k€-197k▲
Financial income75/76B€259k€38k▼
Recurring financial income75€259k€38k▼
Financial charges65/66B€28k€33k▲
Recurring financial charges65€28k€33k▲
Profit (loss) for the period before taxes9903€-50k€-192k▼
Profit (loss) for the period9904€-50k€-192k▼
Profit (loss) for the period to be appropriated9905€-50k€-192k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.14M€-1.33M▼
Profit (loss) brought forward from the previous period14P€-1.09M€-1.14M▼
The notes to these accounts (19 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-600k
Net result drops to €-600k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Essen · 1 establishment unit since 2019
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.
Beukendreef 52910 EssenGround area
570 m²
Building footprint
159 m²
Volume, LiDAR
640 m³
Parcel 11642D0214/00G000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VELO28
since 20192.293.603.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0214/00G000 | Flanders | 570 m² | 1 · 159 m² | 5.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
875500XJEMC712DF0F12
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Of 9,134 companies in sector 68201 we hold annual accounts for 6,762. 3,745 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2019
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.