Equity
€149,820 from €426,843 in 2008
Equity fell by 65% in 17 years.
Velodi
Lifetime
19 annual accounts with figures on one time axis, 29 filings since 1996peak €625,869 (2025)
€625,869▲ 409%
lowest -€106,031 (2011)
-€31,265▲ €34,327
peak €426,843 (2008)
€149,820▼ 17.3%
€2.0m▼ 9.6%
peak 10.6 FTE (2025)
10.6 FTE▲ 458%
Board5 names since 2010
2 directorsAXiS and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
18-12-202544 days before the deadline
2025abbreviated format
Gross margin from €122,895 to €625,869Loss of €31,265Staff from 1.9 FTE to 10.6 FTEEquity from €181,086 to €149,820
Key points
from the 2025 annual accountsLosses
-€186,693 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €4.2m estimated
The abbreviated format states no turnover.
Debts
€2.0m 93% of the balance sheet
Financial debts 7%Suppliers 14%Taxes and wages 7%Other 72%
Of this, €595,147 falls due within a year.
Staff
10.6 FTE ▲ 458%
More staff in 2025 from 1.9 FTE to 10.6 FTE.
Position in the sector
-€31,265
Lower net result than 88% of companies in retail trade. Sector median €27,487 · 12,827 companies.
Checked score
66
Healthy
Financially stronger than 25% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.4%▲ +0.3 percentage points vs 12-2024highest value
02-2025: 0.7%▼ -0.7 percentage points vs 01-2025lowest value
03-2025: 0.7%● unchanged vs 02-2025lowest value
04-2025: 0.7%● unchanged vs 03-2025lowest value
05-2025: 0.7%● unchanged vs 04-2025lowest value
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.7%● unchanged vs 06-2025lowest value
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.9%▲ +0.2 percentage points vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €149,820 (7.0% of total assets)
Sector: Retail trade (NACE 47)
Size: 10.6 FTE, total assets €2.1m
lowers risk
Founded in 1995
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 18% of them on solvency, 48% on liquidity, 14% on profitability and 18% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,104 companies had the same profile as Velodi has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Velodi itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for Velodi. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.35 (3.61 in 2024), above the usual 1.5. Short-term debt is 27.7% and cash 2.6% of total assets. However, 93% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
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
19202122232425
2019 to 2025 · latest year -€31,265
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 12838 sector peers (2025).
NBB · sector comparisonPosition among 12838 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
24 days early
2023
on the day
2022
28 days late
2021
19 days early
2020
60 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 12 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0455392927
Company renamed from COMMTECH to Velodi
Change of role: AXiS CommV., from director to sole director · Permanent representative: IBENS David · Director discharge: AXiS CommV. · Gazette deed
1 director appointed, 3 resignations
Resignations: Jan Van Pelt (day-to-day manager), Leo Van Pelt (day-to-day manager) and SOVAPE NV · Permanent representatives: Godelieve Otten, David ibens and Leo Van Pelt · Appointment: AXiS CommV · General meeting of 31-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Velodi Mortsel | €2.1m | €625,869 | 7.0% | 10.6 |
| GAETHOFS Herk-de-Stad | €3.0m | €550,815 | 21.9% | 12.1 |
| RIJWIELCENTER HERMANS Malle | €2.3m | €832,162 | 27.5% | 8.4 |
| MINTJENS Schilde | €1.6m | €874,583 | 25.8% | 11.6 |
| FIETSEN SAMAN Wuustwezel | €1.7m | €721,561 | 74.6% | 8 |
| Bike Center Heist-op-den-Berg | €1.3m | €661,488 | 54.3% | 9 |
| De Zwaluw Rumst | €2.0m | €558,183 | 68.5% | 6.6 |
These companies have the same main activity as Velodi: retail sale of bicycles (NACE 47632). They are comparable in size and age: total assets between €1.3m and €3m, founded between 1989 and 2000.
Official details
Source: KBO- Status
- Active since 09-06-1995Normal situation
- Activity
- Retail sale of bicyclesNACE 47632and 1 other
- Joint committee
- 149.04Metal trade · annual accounts 30-06-2025
- Establishment units
- 2.072.569.6032640 Mortsel, since 03-08-1995
- 2.342.067.3742500 Lier, since 27-10-2022and 1 other
- Financial year end
- 30 June
- Peppol
- Reachable since 05-05-2025
Annual accounts to 30-06-2025
- €2.1m▼ 10.1%
- Employeeson 30-06-2025
- 12▲ 140%
- Filing
- Filed on 18-12-2025, 44 days before the end of the filing period
Insights on Velodi
Velodi files the abbreviated format. That format states no turnover. The gross margin rose from €348,513 in 2007 to €625,869 in 2025.
SOVAPE holds all the shares. In October 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Velodi
- What is the company number of Velodi?
- The company number of Velodi is 0455.392.927. The VAT number is the same number with BE in front: BE 0455.392.927.
- Where is Velodi based?
- The registered office is at Vredebaan 61-63, 2640 Mortsel.Company details
- What does Velodi do?
- According to the KBO register, the main activity is retail sale of bicycles (NACE 47632).
- What is the legal form of Velodi?
- Velodi is a public limited company (NV).
- When was Velodi founded?
- Velodi was founded on 09-06-1995.
- Is Velodi still active?
- Yes, Velodi is an active enterprise in the KBO register.
- How many employees does Velodi have?
- Velodi had an average of 10.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Velodi fall under?
- In its 30-06-2025 annual accounts, Velodi states joint committee 149.04 (Metal trade).
- What is the turnover of Velodi?
- The turnover in financial year 2025 is ≈ €4.2m. This figure is estimated from the gross margin of €625,869 and 216 comparable companies (NACE 47). It probably lies between €2.3m and €6.6m. In financial year 2021 turnover was €659,032.
- Is Velodi profitable?
- In financial year 2025, Velodi made a loss of €31,265.
- Where can I find the annual accounts of Velodi?
- Velodi filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Velodi due?
- Velodi must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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