VEL
ActiveVEL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-56k) and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 19341 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency64▲+3
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.89 against 1.76 in 2023), but equity is negative.
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
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 →
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
-8.5%
Return on assets
-5.1%
Age of the figures
20 mo
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€56k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
31 d late
2022
2 d early
2021
4 d late
2020
228 d late
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-56k▼ 146%
2023 · €-23k
2018: €-22k
2019: €64k
2020: €30k
2021: €30k
2022: €23k
2023: €-23k
2018 → 2024
Total assets
€654k▼ 20.7%
2023 · €825k
2018: €440k
2019: €587k
2020: €564k
2021: €575k
2022: €1.74M
2023: €825k
2018 → 2024
Net result
€-33k▲ 27.5%
2023 · €-46k
2018: €-42k
2019: €114k
2020: €-35k
2021: €635
2022: €-37k
2023: €-46k
2018 → 2024
Working capital
€158k▼ 25.7%
2023 · €213k
2018: €193k
2019: €182k
2020: €-41k
2021: €142k
2022: €1.33M
2023: €213k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€30k▲ 2.1%€23k▼ 24.2%€-23k€-56k▼ 146%
Operating result€-30k-€8k€-35k€6k€-33k
Net result€-35k-€635€-37k€-46k▼ 22.3%€-33k▲ 27.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €33k after €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €654k
Fixed assets
€316k▼ 4.3%
Current assets
€337k▼ 31.8%
Key figures and ratios
EBITDA
€-17k▼
2023 · €28k
Cash flow
€-16k▲
2023 · €-25k
Solvency
-8.5%▼
2023 · -2.7%
Current ratio
1.89▲
2023 · 1.76
Quick ratio
0.35▼
2023 · 0.99
Debt / equity
-12.72▲
2023 · -37.40
ROE
59.4%▼
2023 · 201.8%
ROA
-5.1%▲
2023 · -5.5%
Interest coverage
-2.90▼
2023 · 0.50
Debt
€709k▼
2023 · €847k
Debt ≤ 1 year
€179k▼
2023 · €281k
Debt > 1 year
€530k▼
2023 · €566k
Income taxes
€0=
2023 · €0
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€825k€654k▼
Fixed assets21/28€331k€316k▼
Tangible fixed assets22/27€330k€316k▼
Land and buildings22€300k€293k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€24k€19k▼
Financial fixed assets28€500€500=
Current assets29/58€494k€337k▼
Amounts receivable after more than one year29€8k€7k▼
Other amounts receivable291€8k€7k▼
Stocks and contracts in progress3€215k€274k▲
Stocks30/36€215k€274k▲
Amounts receivable within one year40/41€14k€11k▼
Trade receivables40€14k€3k▼
Other amounts receivable41€343€8k▲
Cash at bank and in hand54/58€254k€44k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€825k€654k▼
Equity10/15€-23k€-56k▼
Contributions10/11€20k€20k=
Revaluation surpluses12€30k€30k=
Profit (loss) carried forward14€-73k€-106k▼
Amounts payable17/49€847k€709k▼
Amounts payable after more than one year17€566k€530k▼
Financial debts170/4€566k€530k▼
Amounts payable within one year42/48€281k€179k▼
Current portion of amounts payable after more than one year42€27k€28k▲
Trade debts44€95k€19k▼
Suppliers440/4€95k€19k▼
Advances received on contracts in progress46-€15k
Taxes, remuneration and social security45€130k-
Taxes450/3€130k-
Other amounts payable47/48€29k€116k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Remuneration, social security and pensions62€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€17k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€34k€-14k▼
Operating profit (loss)9901€6k€-33k▼
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€55k€6k▼
Recurring financial charges65€55k€6k▼
Profit (loss) for the period before taxes9903€-46k€-33k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€-46k€-33k▲
Profit (loss) for the period to be appropriated9905€-46k€-33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-106k▼
Profit (loss) brought forward from the previous period14P€-27k€-73k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 10current ratio 22.55
Current ratio from 2.20 to 22.55; short-term debt falls from €118k to €62k.
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 228 days late
30-09
Financial
Back to profitnet €635
Net result €635 after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 2.20
Current ratio from 0.68 to 2.20; short-term debt falls from €126k to €118k.
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €114k
Net result €114k after one loss-making year.
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Aarschot · 1 establishment unit since 2016
Ground area
4,719 m²
Building footprint
328 m²
Volume, LiDAR
2,521 m³
Parcel 24652F0396/00A000, Flanders · tallest building 19.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VEL
since 20162.259.939.949
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24652F0396/00A000 | Flanders | 4,719 m² | 1 · 328 m² | 19.9 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.
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Of 7,285 companies in sector 68110 we hold annual accounts for 5,351. 2,587 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2016
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.