'T VÉLOGARAAGKEN
ActiveSummary
The computed 12-month bankruptcy probability of 'T VÉLOGARAAGKEN is 1.8% (moderate). The 2025 annual accounts show equity of €7k and a net result of €124k. Equity is shrinking by ~26.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 24% of 46 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+8
Solvency26=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 30
Relative position
BE, all sectors
reference
Sector 30
higher
← 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
1.4%
Return on assets
24.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 46 sector peers (2025).
NBB · sector comparisonPosition among 46 sector peers
Solvency
better than 24%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
44 d early
2023
18 d early
2022
30 d late
2021
58 d late
← 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, micro schema
Equity
€7k▲ 113%
2024 · €3k
2021: €65k
2022: €134k
2023: €205k
2024: €3k
2021 → 2025
Total assets
€508k▲ 15.1%
2024 · €442k
2021: €309k
2022: €396k
2023: €425k
2024: €442k
2021 → 2025
Net result
€124k▲ 54.7%
2024 · €80k
2021: €62k
2022: €70k
2023: €72k
2024: €80k
2021 → 2025
Working capital
€-44k▼ 74.5%
2024 · €-25k
2021: €77k
2022: €131k
2023: €184k
2024: €-25k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€134k▲ 106%€205k▲ 52.8%€3k▼ 98.3%€7k▲ 113%
Operating result€76k-€86k▲ 13.2%€92k▲ 6.4%€101k▲ 9.7%€162k▲ 61.1%
Net result€62k-€70k▲ 12.2%€72k▲ 2.7%€80k▲ 11.5%€124k▲ 54.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €508k
Fixed assets
€117k ▲ 16.4%
Current assets
€391k ▲ 14.7%
Equity and liabilities €508k
Equity
€7k ▲ 113%
Debt
€501k ▲ 14.3%
Debt's share of the balance-sheet total falls from 99.2% to 98.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€177k▲
2024 · €110k
Cash flow
€139k▲
2024 · €89k
Current ratio
0.90▼
2024 · 0.93
Quick ratio
0.55▲
2024 · 0.47
Debt to equity
69.30
ROA
24.4%▲
2024 · 18.1%
Interest coverage
94.43▲
2024 · 50.56
Debt ≤ 1 year
€435k▲
2024 · €366k
Debt > 1 year
€66k▼
2024 · €72k
Income taxes
€42k▲
2024 · €22k
A ratio outside any meaningful range has been withheld (balance sheet total €508k, equity €7k).
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€442k€508k▲
Fixed assets21/28€101k€117k▲
Tangible fixed assets22/27€101k€117k▲
Land and buildings22€71k€67k▼
Furniture and vehicles24€1k€26k▲
Other tangible fixed assets26€28k€24k▼
Current assets29/58€341k€391k▲
Stocks and contracts in progress3€170k€153k▼
Stocks30/36€170k€153k▼
Amounts receivable within one year40/41€10k€20▼
Trade receivables40€10k€13▼
Other amounts receivable41€30€7▼
Cash at bank and in hand54/58€157k€235k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€442k€508k▲
Equity10/15€3k€7k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€401€4k▲
Amounts payable17/49€438k€501k▲
Amounts payable after more than one year17€72k€66k▼
Financial debts170/4€72k€66k▼
Amounts payable within one year42/48€366k€435k▲
Current portion of amounts payable after more than one year42€15k€6k▼
Trade debts44€12k€4k▼
Suppliers440/4€12k€4k▼
Taxes, remuneration and social security45€6k€11k▲
Taxes450/3€6k€11k▲
Other amounts payable47/48€332k€414k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€15k▲
Other operating charges640/8€13k€2k▼
Gross operating margin9900€123k€179k▲
Operating profit (loss)9901€101k€162k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€102k€165k▲
Income taxes67/77€22k€42k▲
Profit (loss) for the period9904€80k€124k▲
Profit (loss) for the period to be appropriated9905€80k€124k▲
Appropriation of the result
Profit (loss) to be appropriated9906€282k€124k▼
Profit (loss) brought forward from the previous period14P€202k€401▼
Profit to be distributed694/7€282k€120k▼
Return on contributions (dividend)694€282k€120k▼
The notes to these accounts (12 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €124k ▲54.7%
Operating result €162k, net result €124k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €205k ▲52.8%
3 profitable years in a row build equity to €205k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €100kEq €134k ▲106%
2 profitable years in a row build equity to €134k.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Denderleeuw · 1 establishment unit since 2020
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.
Lindestraat 37A9470 DenderleeuwGround area
917 m²
Building footprint
163 m²
Volume, LiDAR
1,203 m³
Parcel 41402B1003/00C000, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
'T VÉLOGARAAGKEN
since 20202.309.110.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41402B1003/00C000 | Flanders | 916 m² | 1 · 163 m² | 12.3 m · 3 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.
Similar companies · same sector, comparable size
TAITO MOBILITY
BE 0756.559.616
Gent · Eq €9,495
TRUST COMPONENTS
BE 0697.763.758
Fernelmont · Eq €9,496
UNIK BIKES
BE 0825.978.853
Elsene · Eq €14,053
BILMO
BE 0786.997.820
Anderlecht · Eq €14,941
TOTTI
BE 0653.987.559
Brugge · Eq €15,856
Of 122 companies in sector 30920 we hold annual accounts for 47. 14 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 formPrivate limited company
Founded08-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
30920Manufacture of other transport equipment
46495Wholesale trade
47632Retail sale of bicycles
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.