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Generated 15-08-2026
Active BE 0866.146.355Private limited company (pre-2019)

VELGA

· 22 yrs active
Sector: Overige gespecialiseerde bouwactiviteiten, neg (43990)
Conclusion Checked

The computed 12-month bankruptcy probability of VELGA is 6.5% (elevated). The 2023 annual accounts show negative equity (€-40k) and a net result of €-13k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 9176 sector peers (fiscal year 2023). The company has been active since 2004 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €-40k
Net result €-13k
Better than sector 5%
Active 22 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health17Profitability50Solvency33Growth38Stability92
46 / 100

Mixed profile: strong on stability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 17
Profitability 50
Solvency 33
Growth 38
Stability 92
Bankruptcy probability (12 mo) Checked model v1 · free
6.5% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Recent warning signals +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
3 / 100
Low risk
Components
· 1 administrative flag (+3)
Trust signals 1 signals
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags1 events
Address struck
Health barometer FY 2023 · computed
17 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 01-07-2024 with the NBB · fiscal year 2023 · micro
€-60k€-40k€-20k€0€20k€40kRevenue 2019: €35k€35kOperating result 2019: €571€571Net result 2019: €-44k€-44kRevenue 2020: €13k€13kOperating result 2020: €768€768Net result 2020: €-44k€-44kRevenue 2021: €9k€9kOperating result 2021: €-5k€-5kNet result 2021: €-5k€-5kRevenue 2022: €12k€12kOperating result 2022: €2k€2kNet result 2022: €2k€2kRevenue 2023: €7k€7kOperating result 2023: €2k€2kNet result 2023: €-13k€-13k20192020202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~6.5%/year over 6 fiscal years, indicative, assuming unchanged policy.
€-50k€-40k€-30k€-20k2024: €-34k (€-38k - €-30k)2025: €-36k (€-42k - €-29k)2026: €-37k (€-47k - €-28k)2018: €-25k2019: €-25k2020: €-24k2021: €-29k2022: €-28k2023: €-40k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -128.4% 38.6%
better than 5% of 9176 sector peers
Net result €-13k €12k
better than 7% of 9161 sector peers
Equity €-40k €30k
better than 5% of 9183 sector peers
Gross operating margin €2k €33k
better than 11% of 9150 sector peers
Total assets €32k €90k
better than 16% of 9177 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€7k
-39.5% 18-23
Net profit
€-13k
- 18-23
Total assets
€32k
-49.8% 18-23
Equity
€-40k
-46.8% 18-23
Working capital
€-40k
-46.8% 18-23
Debt
€72k
-20.4% 18-23
Debt ≤ 1y
€72k
-20.4% 18-23
Current ratio
0.44
-37.0% 18-23
Quick ratio
0.44
-37.0% 18-23
Solvency
-128.4%
-192.7% 18-23
Debt / equity
-1.78
+45.8% 18-23
ROE
31.9%
- 18-23
ROA
-40.9%
- 18-23
Net margin
-178.9%
- 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue€7k
EBITDA-
Net profit€-13k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€32k
Equity€-40k
Debt€72k
of which ≤ 1y€72k
of which > 1y-
Working capital€-40k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.44
Quick ratio0.44
Working capital ratio-128.4%
Solvency-128.4%
Debt / equity-1.78
Long-term debt ratio-
Interest coverage-
Gross margin27.5%
Net margin-178.9%
ROA-40.9%
ROE31.9%
EBITDA margin-
Days sales outstanding52d
Days payable outstanding38d
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€32k
Current assets 29/58€32k
Amounts receivable within one year 40/41€1k
Cash & bank 54/58€31k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€32k
Equity 10/15€-40k
Contributions / capital 10/11€19k
Reserves 13€422
Accumulated profits (losses) 14€-60k
Amounts payable 17/49€72k
Amounts payable within one year 42/48€72k
Trade debts payable within one year 44€549
Income statement
Turnover 70€7k
Gross operating margin 9900€2k
Operating result 9901€2k
Financial charges 65€270
Result before taxes 9903€-13k
Net result for the period 9904€-13k
Result to be appropriated 9905€-13k
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • NAKLICKI PAWEL GRZEGORZ
    Director
    State Gazette act 24166944 (25-11-2024)
    Current
    01-10-2024 → present
Former directors (1)
  • GODART PHILIPPE
    Director
    State Gazette act 24166944 (25-11-2024)
    Former
    - → 30-09-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form Private limited company (pre-2019)(015)
Incorporation05-07-2004
StatusActive
Postal code-
Establishment units 1 location
VELGA
Edouard Fiersstraat 20, 1030 SchaarbeekGroothandel in nieuwe en gebruikte auto's voor personenvervoer, inclusief die voor bijzondere doeleinden (b.v. ambulances)
since 20042.138.785.761
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21906D0146/00R013 Brussels 261 m² 1 · 85 m² 17.7 m · 5 fl.
21364B0183/00H003 Brussels 75 m² 1 · 63 m² 17.8 m · 5 fl.
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.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
24-11-2025
KBO administration Address struck
2024
25-11-2024
State Gazette act Capital & shares
01-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
17-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
07-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
26-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
02-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
03-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
26-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
10-10-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
16-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
13-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Lifecycle & Insolvency Signals1 events
24-11-2025
KBO administration Address struck
 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-11-24 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Capital history · 1
25-11-2024
Capital change
All acts · 1 updated 1 year ago
2024
25-11-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "BRUXELLES",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-11-25",
    "filing_date": "2024-11-15",
    "act_kind_objet": "Objet(s) de l\u0027acte :"
  },
  "decision": {
    "body": "enig_aandeelhouder_schriftelijk",
    "act_date": "2024-11-15",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0866.146.355",
    "name_full": "VELGA",
    "legal_form": "SOCIETE A RESPONSABILITE LIMITEE",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
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  "co_filed_documents": [],
  "shareholders_after": [
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      "role": "aandeelhouder",
      "n_shares": 1900,
      "share_class": null
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  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Overige gespecialiseerde werkzaamheden in de bouw45250Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Overige werkzaamheden in verband met de afwerking van gebouwen45450Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Handel in onroerend goed70120
Primary activity highlighted.
Names & trade names
Legal nameFR VELGA
Registration history
  1. 24-11-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative