Financials
- Fiscal year
- 2023
- Total assets
- €598,433
- Profit
- €14,498
- Solvency
- 99.0%
Total assets▼ 6.8%
Net result
20192023
Velax Projects
ActiveSummary
The computed 12-month bankruptcy probability of Velax Projects is 4.4% (elevated). For Velax Projects, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €592,720 and a net result of €14,498. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 18398 sector peers (fiscal year 2023). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Development of residential building projects
NACE 68121Real estate development NACE 41101NACE 52470
1 site
How big
€598,433total assets 2023
- Equity
- €592,720
- Profit
- €14,498
Turnover not published (abridged schema)
Financially healthy?
- Bankruptcy chance 12 m
- 4.4%
2023 figures too old to score
Who decides
Accounts 609 d overdue0 of 4 deeds read
Signals- Figures for FY 2023 (filed 05-02-2024)- Liquidity: current ratio 104.73, cash €68- 2 financial years not filed after the legal deadline- Size: total assets €598,433- Two or more financial years not filedLatest accounts filed on timeShow the evidence
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency
100=
equity 99.0% of total assets
Liquidity
50=
short-term debt 1.0% · cash 0.0%
Profitability
44+8
return on assets 2.4%
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Figures for FY 2023 (filed 05-02-2024) raises the probability
- Liquidity: current ratio 104.73, cash €68 raises the probability
- 2 financial years not filed after the legal deadline raises the probability
- Size: total assets €598,433 raises the probability for this profile
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline02-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 27-01-2024, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
4 d early
2022
67 d early
2021
7 d late
2020
23 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2023 · micro…
- Back to profitnet €14,498
- Liquidity times 10current ratio 104.73
Key points
By topic
Timeline
- Events
- 13
- Since
- 2014
- 27-01-2024Annual accounts filed
- 30-06-2023Back to profit
- 30-06-2023Liquidity times 10
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 15-07-1997
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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