VELENO
InactiveVELENO was declared bankrupt on 11-12-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 03-06-2025, published in the Belgian State Gazette on 12-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four 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 30-09-2024, 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
30-09-2024 close30-04-2025 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 21-11-2023, 161 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
161 d early
2022
61 d early
2021
96 d early
2020
32 d early
2019
78 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-623k▼ 933%
2022 · €-60k
2018: €10k
2019: €-16k
2020: €-198k
2021: €-54k
2022: €-60k
2018 → 2023
Working capital
€-139k
2022 · €441k
2018: €464k
2019: €754k
2020: €556k
2021: €500k
2022: €441k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€797k-€599k▼ 24.9%€545k▼ 9.0%€485k▼ 11.1%€-138k
Operating result€17k-€-189k€-48k▲ 74.4%€-28k▲ 41.6%€-584k▼ 1,968%
Net result€-16k-€-198k▼ 1,174%€-54k▲ 72.7%€-60k▼ 11.5%€-623k▼ 933%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €584k in 2023 against €28k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €12k
Fixed assets
€1k▼ 97.4%
Current assets
€11k▼ 98.4%
Key figures and ratios
EBITDA
€-582k▼
2022 · €-25k
Cash flow
€-621k▼
2022 · €-57k
Current ratio
0.07▼
2022 · 2.80
Quick ratio
0.03▼
2022 · 2.47
Debt / equity
-1.09▼
2022 · 0.51
Interest coverage
-21.27▼
2022 · -1.38
Debt
€150k▼
2022 · €246k
Debt ≤ 1 year
€150k▼
2022 · €246k
Income taxes
€12k▼
2022 · €14k
A ratio outside any meaningful range has been withheld (balance sheet total €12k, equity €-138k).
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€731k€12k▼
Fixed assets21/28€43k€1k▼
Tangible fixed assets22/27€38k€1k▼
Furniture and vehicles24€4k€218▼
Other tangible fixed assets26€34k€897▼
Financial fixed assets28€6k-
Current assets29/58€687k€11k▼
Stocks and contracts in progress3€81k€6k▼
Stocks30/36€81k€6k▼
Amounts receivable within one year40/41€376k€4k▼
Trade receivables40€287k€552▼
Other amounts receivable41€88k€4k▼
Current investments50/53€9€8▼
Cash at bank and in hand54/58€961€942▼
Deferred charges and accrued income490/1€230k-
Equity and liabilities
Total equity and liabilities10/49€731k€12k▼
Equity10/15€485k€-138k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€417k€-206k▼
Amounts payable17/49€246k€150k▼
Amounts payable within one year42/48€246k€150k▼
Financial debts43€38k€29k▼
Credit institutions430/8€38k€29k▼
Trade debts44€150k€87k▼
Suppliers440/4€150k€87k▼
Taxes, remuneration and social security45€22k-
Taxes450/3€22k-
Other amounts payable47/48€35k€34k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8€834€256k▲
Non-recurring operating charges66A-€230k
Gross operating margin9900€-24k€-96k▼
Operating profit (loss)9901€-28k€-584k▼
Financial income75/76B€62€557▲
Recurring financial income75€62€557▲
Financial charges65/66B€18k€27k▲
Recurring financial charges65€18k€27k▲
Profit (loss) for the period before taxes9903€-46k€-611k▼
Income taxes67/77€14k€12k▼
Profit (loss) for the period9904€-60k€-623k▼
Profit (loss) for the period to be appropriated9905€-60k€-623k▼
Appropriation of the result
Profit (loss) to be appropriated9906€417k€-206k▼
Profit (loss) brought forward from the previous period14P€477k€417k▼
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
12-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · VELENO SA BOULEVARD PAEPSEM 11, 1070 ANDERLECHT. déclarée le 11 décembre 2023 · event 03-06-2025
2023
19-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · VELENO SA BOULEVARD PAEPSEM 11, 1070 ANDERLECHT · event 11-12-2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Weakest financial yearnet €-623k
Net result drops to €-623k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Liquidity doublescurrent ratio 3.36
Current ratio from 1.36 to 3.36; short-term debt falls from €1.28M to €320k.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
01-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
22-04
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY BOCHON AVENUE LOUISE 522 BOITE 1,
1050 IXELLES |
11-12-2023 → present |