Summary
VELA FUND is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.26M and a net result of €2k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 36% of 6156 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 07-03-2025, 146 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
146 d early
2023
34 d early
2022
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.26M▲ 0.1%
2023 · €1.26M
2022: €1.25M
2023: €1.26M
2022 → 2024
Net result
€2k▼ 77.3%
2023 · €8k
2022: €1k
2023: €8k
2022 → 2024
Total assets
€3.44M▲ 0.1%
2023 · €3.44M
2022: €1.25M
2023: €3.44M
2022 → 2024
Solvency
36.7%=
2023 · 36.6%
2022: 100.0%
2023: 36.6%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€1.25M-€1.26M▲ 0.6%€1.26M▲ 0.1%
Operating result€3k-€3k▲ 7.7%€1k▼ 45.8%
Net result€1k-€8k▲ 466%€2k▼ 77.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 46% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.44M
Fixed assets
€3.40M =
Current assets
€39k ▲ 8.6%
Equity and liabilities €3.44M
Equity
€1.26M ▲ 0.1%
Debt
€2.18M =
Debt's share of the balance-sheet total stays at 63.3%.
Key figures and ratios
ROE
0.1%▼
2023 · 0.6%
ROA
0.1%▼
2023 · 0.2%
Debt ≤ 1 year
€686▼
2023 · €2.18M
Debt > 1 year
€2.18M
Income taxes
€609▼
2023 · €3k
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.44M€3.44M▲
Formation expenses20€2k€1k▼
Fixed assets21/28€3.40M€3.40M=
Financial fixed assets28€3.40M€3.40M=
Current assets29/58€36k€39k▲
Amounts receivable within one year40/41€5k€0▼
Trade receivables40€0-
Other amounts receivable41€5k€0▼
Current investments50/53€30k€31k▲
Cash at bank and in hand54/58€1k€8k▲
Equity and liabilities
Total equity and liabilities10/49€3.44M€3.44M▲
Equity10/15€1.26M€1.26M▲
Contributions10/11€1.25M€1.25M=
Reserves13€9k€11k▲
Distributable reserves133€9k€11k▲
Amounts payable17/49€2.18M€2.18M=
Amounts payable after more than one year17-€2.18M
Financial debts170/4-€2.18M
Amounts payable within one year42/48€2.18M€686▼
Trade debts44-€126
Suppliers440/4-€126
Taxes, remuneration and social security45€258€560▲
Taxes450/3€258€560▲
Other amounts payable47/48€2.18M€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€787€787=
Other operating charges640/8€115€1k▲
Gross operating margin9900€4k€3k▼
Operating profit (loss)9901€3k€1k▼
Financial income75/76B€8k€1k▼
Recurring financial income75€8k€1k▼
Financial charges65/66B€58€53▼
Recurring financial charges65€58€53▼
Profit (loss) for the period before taxes9903€11k€2k▼
Income taxes67/77€3k€609▼
Profit (loss) for the period9904€8k€2k▼
Profit (loss) for the period to be appropriated9905€8k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€2k▼
Transfer to equity691/2€8k€2k▼
To other reserves6921€8k€2k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 3448current ratio 56.24
Current ratio from 0.02 to 56.24; short-term debt falls from €2.18M to €686.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2022net €8k ▲466%
Operating result €3k, net result €8k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
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, Brugge · 1 establishment unit since 2021
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.
Rombout de Dopperestraat 178200 BruggeGround area
1,746 m²
Building footprint
240 m²
Volume, LiDAR
1,301 m³
Parcel 31027D0071/00A000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VELA FUND
since 20212.325.441.178
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0071/00A000 | Flanders | 1,746 m² | 1 · 240 m² | 6.7 m · 2 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 24,725 companies in sector 64210 we hold annual accounts for 19,762. 12,156 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 formPublic limited company
Founded22-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.