O' VELO
ActiveO' VELO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113k and a net result of €-55k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-5
Solvency34▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.72 against 1.84 in 2024; short-term debt: 29.5% and cash: 0.9% of total assets), but 91.1% 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.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
1819202122232425
2018 to 2025 · latest year €-55k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 10289 sector peers (2025).
NBB · sector comparisonPosition among 10289 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
36 d early
2023
30 d early
2022
3 d early
2021
30 d early
2020
29 d early
2019
18 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€113k▼ 32.5%
2024 · €168k
2018: €42k
2019: €67k
2020: €121k
2021: €175k
2022: €208k
2023: €213k
2024: €168k
2018 → 2025
Total assets
€1.27M▼ 3.6%
2024 · €1.32M
2018: €174k
2019: €210k
2020: €348k
2021: €638k
2022: €1.18M
2023: €1.42M
2024: €1.32M
2018 → 2025
Net result
€-55k▼ 21.2%
2024 · €-45k
2018: €23k
2019: €26k
2020: €53k
2021: €42k
2022: €33k
2023: €5k
2024: €-45k
2018 → 2025
Working capital
€271k▼ 8.4%
2024 · €296k
2018: €45k
2019: €105k
2020: €215k
2021: €231k
2022: €409k
2023: €374k
2024: €296k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€175k-€208k▲ 18.9%€213k▲ 2.4%€168k▼ 21.2%€113k▼ 32.5%
Operating result€53k-€50k▼ 5.1%€21k▼ 58.5%€-26k€-36k▼ 41.4%
Net result€42k-€33k▼ 21.0%€5k▼ 85.2%€-45k€-55k▼ 21.2%
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 €36k in 2025 against €26k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€626k▼ 6.5%
Current assets
€647k▼ 0.6%
Equity and liabilities €1.27M
Equity
€113k▼ 32.5%
Debt
€1.16M▲ 0.6%
The debt ratio rises from 87.3% to 91.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▼
2024 · €20k
Cash flow
€-11k▼
2024 · €1k
Solvency
8.9%▼
2024 · 12.7%
Current ratio
1.72▼
2024 · 1.84
Quick ratio
0.09▼
2024 · 0.14
Debt / equity
10.24▲
2024 · 6.87
ROE
-48.2%▼
2024 · -26.8%
ROA
-4.3%▼
2024 · -3.4%
Interest coverage
0.28▼
2024 · 0.82
Debt
€1.16M▲
2024 · €1.15M
Debt ≤ 1 year
€375k▲
2024 · €354k
Debt > 1 year
€784k▼
2024 · €798k
Staff costs
€77k▲
2024 · €68k
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€1.32M€1.27M▼
Fixed assets21/28€670k€626k▼
Intangible fixed assets21€2k€714▼
Tangible fixed assets22/27€669k€626k▼
Land and buildings22€653k€617k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€12k€6k▼
Other tangible fixed assets26€0-
Current assets29/58€650k€647k▼
Stocks and contracts in progress3€600k€612k▲
Stocks30/36€600k€612k▲
Amounts receivable within one year40/41€27k€17k▼
Trade receivables40€23k€16k▼
Other amounts receivable41€3k€903▼
Cash at bank and in hand54/58€17k€12k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.32M€1.27M▼
Equity10/15€168k€113k▼
Contributions10/11€19k€19k=
Reserves13€149k€95k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€7k€7k=
Distributable reserves133€143k€88k▼
Amounts payable17/49€1.15M€1.16M▲
Amounts payable after more than one year17€798k€784k▼
Financial debts170/4€798k€784k▼
Amounts payable within one year42/48€354k€375k▲
Current portion of amounts payable after more than one year42€77k€78k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€83k€109k▲
Suppliers440/4€83k€109k▲
Advances received on contracts in progress46€2k€0▼
Taxes, remuneration and social security45€29k€20k▼
Taxes450/3€18k€10k▼
Remuneration and social security454/9€12k€10k▼
Other amounts payable47/48€64k€68k▲
Accrued charges and deferred income492/3€995€854▼
Income statement
Code20242025
Remuneration, social security and pensions62€68k€77k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€44k▼
Other operating charges640/8€9k€12k▲
Gross operating margin9900€98k€97k▼
Operating profit (loss)9901€-26k€-36k▼
Financial income75/76B€5k€8k▲
Recurring financial income75€5k€8k▲
Financial charges65/66B€25k€26k▲
Recurring financial charges65€25k€26k▲
Profit (loss) for the period before taxes9903€-45k€-55k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-45k€-55k▼
Profit (loss) for the period to be appropriated9905€-45k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-55k▼
Transfer from equity791/2€45k€55k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90872.01.9▼
The notes to these accounts (23 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €208k ▲18.9%
5 profitable years in a row build equity to €208k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €175k ▲45%
4 profitable years in a row build equity to €175k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €53k ▲107%
Operating result €66k, net result €53k, both a record.
31-12
Financial
Equity above €100kEq €121k ▲79.1%
3 profitable years in a row build equity to €121k.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Koksijde · 1 establishment unit since 2017
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.
Leopold II Laan(Odk) 2268670 KoksijdeGround area
711 m²
Building footprint
380 m²
Volume, LiDAR
4,338 m³
Parcel 38502G0236/00A000, Flanders · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
O' Velo
since 20172.261.804.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502G0236/00A000 | Flanders | 711 m² | 1 · 380 m² | 16.9 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 956 EUR awarded · 641 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 525 EUR | 210 EUR |
| 2023 | 1 | 0 EUR | 431 EUR |
| 2022 | 1 | 431 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,467 companies in sector 47632 we hold annual accounts for 733. 634 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-2017
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
95290Repair and maintenance of other personal and household goods
47279Other retail sale of food
47639Retail sale of other sporting goods
77210Renting and leasing of sports and recreation goods
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.