Retrovelo
ActiveSummary
Retrovelo has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-49k) and a net result of €-6k. Equity is shrinking by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.08 in 2023; short-term debt: 200.7% and cash: 6.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-259.6%
Return on assets
-30.5%
Age of the figures
21 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-49k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
12 d early
2022
28 d early
2021
62 d early
2020
32 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-49k▼ 13.3%
2023 · €-43k
2018: €-18khighest in 7 years
2019: €-25k▼ -35.2% vs 2018
2020: €-27k▼ -8.2% vs 2019
2021: €-27k▲ +0.8% vs 2020
2022: €-33k▼ -24.5% vs 2021
2023: €-43k▼ -29.3% vs 2022
2024: €-49k▼ -13.3% vs 2023lowest in 7 years
2018 → 2024
Total assets
€19k▼ 12.5%
2023 · €22k
2018: €34khighest in 7 years
2019: €28k▼ -17.6% vs 2018
2020: €27k▼ -3.2% vs 2019
2021: €31k▲ +15.4% vs 2020
2022: €30k▼ -4.0% vs 2021
2023: €22k▼ -27.5% vs 2022
2024: €19k▼ -12.5% vs 2023lowest in 7 years
2018 → 2024
Net result
€-6k▲ 41.2%
2023 · €-10k
2018: €204
2019: €-7k▼ -3296% vs 2018
2020: €-2k▲ +68.5% vs 2019
2021: €204▲ +110% vs 2020highest in 7 years
2022: €-7k▼ -3325% vs 2021
2023: €-10k▼ -48.9% vs 2022lowest in 7 years
2024: €-6k▲ +41.2% vs 2023
2018 → 2024
Working capital
€-36k▼ 10.9%
2023 · €-32k
2018: €-8khighest in 7 years
2019: €-20k▼ -143% vs 2018
2020: €-21k▼ -6.2% vs 2019
2021: €-17k▲ +16.7% vs 2020
2022: €-24k▼ -38.8% vs 2021
2023: €-32k▼ -33.4% vs 2022
2024: €-36k▼ -10.9% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-27k-€-27k▲ 0.8%€-33k▼ 24.5%€-43k▼ 29.3%€-49k▼ 13.3%
2020: €-27k
2021: €-27k▲ +0.8% vs 2020highest in 5 years
2022: €-33k▼ -24.5% vs 2021
2023: €-43k▼ -29.3% vs 2022
2024: €-49k▼ -13.3% vs 2023lowest in 5 years
Operating result€-2k-€330€-6k€-10k▼ 49.6%€-6k▲ 41.9%
2020: €-2k
2021: €330▲ +117% vs 2020highest in 5 years
2022: €-6k▼ -2055% vs 2021
2023: €-10k▼ -49.6% vs 2022lowest in 5 years
2024: €-6k▲ +41.9% vs 2023
Net result€-2k-€204€-7k€-10k▼ 48.9%€-6k▲ 41.2%
2020: €-2k
2021: €204▲ +110% vs 2020highest in 5 years
2022: €-7k▼ -3325% vs 2021
2023: €-10k▼ -48.9% vs 2022lowest in 5 years
2024: €-6k▲ +41.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €10k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19k
Fixed assets
€17k ▼ 12.0%
Current assets
€2k ▼ 16.4%
Key figures and ratios
EBITDA
€-4k▲
2023 · €-8k
Cash flow
€-4k▲
2023 · €-8k
Solvency
-259.6%▼
2023 · -200.3%
Current ratio
0.06▼
2023 · 0.08
Debt to equity
-1.39▲
2023 · -1.50
ROA
-30.5%▲
2023 · -45.4%
Interest coverage
-24.52▲
2023 · -48.14
Debt
€68k▲
2023 · €65k
Debt ≤ 1 year
€38k▲
2023 · €35k
Debt > 1 year
€30k=
2023 · €30k
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€22k€19k▼
Fixed assets21/28€19k€17k▼
Tangible fixed assets22/27€18k€16k▼
Plant, machinery and equipment23€700€350▼
Other tangible fixed assets26€17k€16k▼
Financial fixed assets28€1k€500▼
Current assets29/58€3k€2k▼
Amounts receivable within one year40/41€574€216▼
Trade receivables40€44-
Other amounts receivable41€530€216▼
Cash at bank and in hand54/58€1k€1k▼
Deferred charges and accrued income490/1€756€759▲
Equity and liabilities
Total equity and liabilities10/49€22k€19k▼
Equity10/15€-43k€-49k▼
Contributions10/11€69k€69k=
Profit (loss) carried forward14€-112k€-118k▼
Amounts payable17/49€65k€68k▲
Amounts payable after more than one year17€30k€30k=
Financial debts170/4€30k€30k=
Amounts payable within one year42/48€35k€38k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Other amounts payable47/48€32k€36k▲
Accrued charges and deferred income492/3-€3
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€932€954▲
Gross operating margin9900€-7k€-3k▲
Operating profit (loss)9901€-10k€-6k▲
Financial income75/76B€8€0▼
Recurring financial income75€8€0▼
Financial charges65/66B€164€157▼
Recurring financial charges65€164€157▼
Profit (loss) for the period before taxes9903€-10k€-6k▲
Profit (loss) for the period9904€-10k€-6k▲
Profit (loss) for the period to be appropriated9905€-10k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-112k€-118k▼
Profit (loss) brought forward from the previous period14P€-102k€-112k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €2k | €2k | = |
| Other operating charges640/8 | - | €2k | €3k | €932 | €954 | ▲ 2.4% |
| Gross operating margin9900 | €2k | €5k | €-2k | €-7k | €-3k | ▲ 58.4% |
| Operating profit (loss)9901 | €-2k | €330 | €-6k | €-10k | €-6k | ▲ 41.9% |
| Financial income75/76B | - | €1 | €4 | €8 | €0 | ▼ 95.4% |
| Recurring financial income75 | €3 | €1 | €4 | €8 | €0 | ▼ 95.4% |
| Financial charges65/66B | - | €127 | €143 | €164 | €157 | ▼ 4.3% |
| Recurring financial charges65 | €157 | €127 | €143 | €164 | €157 | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €-2k | €204 | €-7k | €-10k | €-6k | ▲ 41.2% |
| Profit (loss) for the period9904 | €-2k | €204 | €-7k | €-10k | €-6k | ▲ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €204 | €-7k | €-10k | €-6k | ▲ 41.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €31k | €30k | €22k | €19k | ▼ 12.5% |
| Fixed assets21/28 | €24k | €21k | €21k | €19k | €17k | ▼ 12.0% |
| Tangible fixed assets22/27 | €24k | €21k | €20k | €18k | €16k | ▼ 9.9% |
| Plant, machinery and equipment23 | - | €1k | €1k | €700 | €350 | ▼ 50.0% |
| Other tangible fixed assets26 | - | €20k | €19k | €17k | €16k | ▼ 8.2% |
| Financial fixed assets28 | - | - | €1k | €1k | €500 | ▼ 50.0% |
| Current assets29/58 | €3k | €10k | €9k | €3k | €2k | ▼ 16.4% |
| Amounts receivable within one year40/41 | - | €2k | €3k | €574 | €216 | ▼ 62.3% |
| Trade receivables40 | - | €2k | €3k | €44 | - | - |
| Other amounts receivable41 | - | - | - | €530 | €216 | ▼ 59.2% |
| Cash at bank and in hand54/58 | €3k | €7k | €6k | €1k | €1k | ▼ 6.5% |
| Deferred charges and accrued income490/1 | - | €568 | €650 | €756 | €759 | ▲ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €31k | €30k | €22k | €19k | ▼ 12.5% |
| Equity10/15 | €-27k | €-27k | €-33k | €-43k | €-49k | ▼ 13.3% |
| Contributions10/11 | - | €69k | €69k | €69k | €69k | = |
| Profit (loss) carried forward14 | €-96k | €-96k | €-102k | €-112k | €-118k | ▼ 5.1% |
| Amounts payable17/49 | €54k | €58k | €63k | €65k | €68k | ▲ 4.7% |
| Amounts payable after more than one year17 | €30k | €30k | €30k | €30k | €30k | = |
| Financial debts170/4 | - | €30k | €30k | €30k | €30k | = |
| Amounts payable within one year42/48 | €24k | €27k | €33k | €35k | €38k | ▲ 8.8% |
| Trade debts44 | €10k | €14k | €5k | €3k | €2k | ▼ 31.5% |
| Suppliers440/4 | - | €14k | €5k | €3k | €2k | ▼ 31.5% |
| Taxes, remuneration and social security45 | - | €690 | €389 | - | - | - |
| Taxes450/3 | - | €690 | €389 | - | - | - |
| Other amounts payable47/48 | - | €12k | €27k | €32k | €36k | ▲ 13.0% |
| Accrued charges and deferred income492/3 | - | €1k | - | - | €3 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €204 | €-7k | €-10k | €-6k | ▲ 41.2% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €785 | €2k | €-5k | €-8k | €-4k | ▲ 50.2% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €500 | - |
| Change in cash | - | €4k | €-808 | €-4k | €-89 | ▲ 98.0% |
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
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €204
Net result €204 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
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, Ronse · 1 establishment unit since 2002
Ground area
1,508 m²
Building footprint
276 m²
Volume, LiDAR
1,480 m³
Parcel 45422C0461/00N003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Retrovelo
since 20022.114.384.422
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C0461/00N003 | Flanders | 1,508 m² | 1 · 276 m² | 8.0 m · 2 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 3,211 companies in sector 62900 we hold annual accounts for 1,742. 228 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)
Founded19-08-2002
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.