VELASQUEZ

Active

Limited partnershipfounded 200422 yrs activeAlbert I laan 27, 8620 Nieuwpoort, BelgiumKBO/BCE: BE 0865.094.993

VELASQUEZ has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2018 annual accounts show equity of €120k and a net result of €6k. The computed 12-month bankruptcy probability is 0.1% (very low).

Watch Print / PDF

Checked score

Score 2018

78 / 100

Excellent

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability23

Solvency88

Growth-

Stability85

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days only on tighter terms

Liquidity ample (current ratio 1.57), and 46.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

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 2018

Solvency, return and age of the figures

Solvency

53.1%

Return on assets

2.5%

Age of the figures

93 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

No filing for years

The last filed financial year closed on 30-11-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

30-11-2019 close30-06-2020 deadline12-09-2026 today

Latest accounts filed on time

The financial year that closed on 30-11-2018 was due by 30-06-2019 and was filed on 03-06-2019, 27 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2018, micro schema

Equity

€120k

Total assets

€225k

Net result

€6k

Working capital

€11k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €225k

86.1%

13.9%

Fixed assets €193k

Current assets €31k

Equity and liabilities €225k

53.1%

46.9%

Equity €120k

Debt €106k

Debt finances 46.9% of the balance-sheet total.

Key figures and ratios

2018 value

EBITDA

€17k

Cash flow

€14k

Solvency

53.1%

Current ratio

1.57

Quick ratio

1.57

Debt / equity

0.72

ROE

4.6%

ROA

2.5%

Debt

€106k

Debt ≤ 1 year

€20k

Debt > 1 year

€86k

Filed annual accounts

As filed with the NBB · 2018

Balance sheet Code2018

Assets

Total assets20/58€225k

Formation expenses20€327

Fixed assets21/28€193k

Tangible fixed assets22/27€192k

Financial fixed assets28€2k

Current assets29/58€31k

Amounts receivable within one year40/41€8k

Cash at bank and in hand54/58€23k

Equity and liabilities

Total equity and liabilities10/49€225k

Equity10/15€120k

Contributions10/11€1.43M

Profit (loss) carried forward14€-1.31M

Amounts payable17/49€106k

Amounts payable after more than one year17€86k

Amounts payable within one year42/48€20k

Trade debts44€874

Income statement Code2018

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k

Gross operating margin9900€19k

Operating profit (loss)9901€9k

Recurring financial charges65€3k

Profit (loss) for the period before taxes9903€6k

Profit (loss) for the period9904€6k

Profit (loss) for the period to be appropriated9905€6k

Download as CSV