Velga
ActiveVelga has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.84M and a net result of €491k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-3
Solvency72▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.48 in 2024; short-term debt: 28.7% and cash: 1.1% of total assets), and 53.2% of the assets are financed with debt.
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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.8%
Return on assets
12.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
53 d early
2023
51 d early
2022
50 d early
2021
39 d early
2020
47 d early
2019
64 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.84M▲ 20.2%
2024 · €1.53M
2019: €162k
2020: €188k
2021: €569k
2022: €1.02M
2023: €1.17M
2024: €1.53M
2019 → 2025
Total assets
€3.93M▼ 5.0%
2024 · €4.13M
2019: €1.11M
2020: €1.23M
2021: €1.33M
2022: €1.58M
2023: €4.25M
2024: €4.13M
2019 → 2025
Net result
€491k▼ 20.5%
2024 · €617k
2019: €399k
2020: €552k
2021: €577k
2022: €447k
2023: €156k
2024: €617k
2019 → 2025
Working capital
€-543k▲ 30.9%
2024 · €-786k
2019: €-45k
2020: €-117k
2021: €344k
2022: €829k
2023: €-1.22M
2024: €-786k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€569k-€1.02M▲ 78.6%€1.17M▲ 15.4%€1.53M▲ 30.4%€1.84M▲ 20.2%
Operating result€714k-€621k▼ 13.0%€278k▼ 55.3%€829k▲ 199%€667k▼ 19.6%
Net result€577k-€447k▼ 22.4%€156k▼ 65.1%€617k▲ 295%€491k▼ 20.5%
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 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.93M
Fixed assets
€3.34M▼ 1.8%
Current assets
€586k▼ 20.1%
Equity and liabilities €3.93M
Equity
€1.84M▲ 20.2%
Debt
€2.09M▼ 19.8%
The debt ratio falls from 63.0% to 53.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€883k▼
2024 · €1.04M
Cash flow
€707k▼
2024 · €827k
Solvency
46.8%▲
2024 · 37.0%
Current ratio
0.52▲
2024 · 0.48
Quick ratio
0.13▼
2024 · 0.20
Debt / equity
1.14▼
2024 · 1.70
ROE
26.7%▼
2024 · 40.4%
ROA
12.5%▼
2024 · 14.9%
Interest coverage
11.73▲
2024 · 11.40
Debt
€2.09M▼
2024 · €2.60M
Debt ≤ 1 year
€1.13M▼
2024 · €1.52M
Debt > 1 year
€958k▼
2024 · €1.08M
Income taxes
€104k▼
2024 · €122k
Staff costs
€598k▲
2024 · €593k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.13M€3.93M▼
Fixed assets21/28€3.40M€3.34M▼
Tangible fixed assets22/27€3.40M€3.34M▼
Land and buildings22€3.08M€2.96M▼
Plant, machinery and equipment23€80k€141k▲
Furniture and vehicles24€63k€81k▲
Other tangible fixed assets26€178k€158k▼
Current assets29/58€733k€586k▼
Stocks and contracts in progress3€434k€436k▲
Stocks30/36€434k€436k▲
Amounts receivable within one year40/41€133k€83k▼
Trade receivables40€123k€69k▼
Other amounts receivable41€10k€15k▲
Cash at bank and in hand54/58€149k€45k▼
Deferred charges and accrued income490/1€16k€21k▲
Equity and liabilities
Total equity and liabilities10/49€4.13M€3.93M▼
Equity10/15€1.53M€1.84M▲
Contributions10/11€104k€104k=
Capital10€103k€103k=
Issued capital100€103k€103k=
Outside capital11€734€734=
Share premium1100/10€734€734=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€1.41M€1.72M▲
Amounts payable17/49€2.60M€2.09M▼
Amounts payable after more than one year17€1.08M€958k▼
Financial debts170/4€1.08M€958k▼
Amounts payable within one year42/48€1.52M€1.13M▼
Current portion of amounts payable after more than one year42€131k€126k▼
Financial debts43€200k€100k▼
Credit institutions430/8€200k€100k▼
Trade debts44€829k€634k▼
Suppliers440/4€829k€634k▼
Taxes, remuneration and social security45€97k€87k▼
Taxes450/3€2k€26k▲
Remuneration and social security454/9€95k€61k▼
Other amounts payable47/48€262k€182k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€593k€598k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€210k€216k▲
Other operating charges640/8€4k€17k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€1.64M€1.50M▼
Operating profit (loss)9901€829k€667k▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€91k€75k▼
Recurring financial charges65€91k€75k▼
Profit (loss) for the period before taxes9903€740k€595k▼
Income taxes67/77€122k€104k▼
Profit (loss) for the period9904€617k€491k▼
Profit (loss) for the period to be appropriated9905€617k€491k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.68M€1.91M▲
Profit (loss) brought forward from the previous period14P€1.06M€1.41M▲
Profit to be distributed694/7€262k€182k▼
Directors or managers695€262k€182k▼
Social balance
Average headcount (FTE)908715.215.8▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2019net €617k ▲295%
Operating result €829k, net result €617k, both a record.
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €156k ▼65.1%
Net result drops to €156k, the lowest in the series; recovery starts the following year.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Equity above €1MEq €1.02M ▲78.6%
4 profitable years in a row build equity to €1.02M.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €500kEq €569k ▲203%
3 profitable years in a row build equity to €569k.
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Izegem · 1 establishment unit since 1987
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.
Gentsestraat 618870 IzegemGround area
8,307 m²
Building footprint
2,461 m²
Volume, LiDAR
13,519 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Weg naar Zwartberg 75, 3530 Houthalen-Helchteren
since 19872.028.569.116
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E1153/00K076 | Flanders | 7,076 m² | 1 · 2,080 m² | 7.3 m · 2 fl. |
| 36008A0232/00N004 | Flanders | 1,231 m² | 1 · 381 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,776 EUR awarded · 1,776 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 615 EUR | 855 EUR |
| 2024 | 1 | 681 EUR | 441 EUR |
| 2023 | 1 | 240 EUR | 240 EUR |
| 2022 | 1 | 240 EUR | 240 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyHouthalen-Helchteren2.028.569.116
Dual-learning approval
3 live approvals · 6 endedOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,562. 537 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-12-1983
Fiscal year end30-06
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
47221Retail sale of meat and meat products, excluding game and poultry
52114
52220
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.